Annual report pursuant to Section 13 and 15(d)

Investment In Software Company

v2.4.1.9
Investment In Software Company
12 Months Ended
Dec. 31, 2014
Investments, All Other Investments [Abstract]  
Investment In Software Company
Investment in Software Company
At December 31, 2014 and December 31, 2013 Qumu held an investment totaling $3.1 million in convertible preferred stock of Briefcam, Ltd. ("Briefcam") a privately-held Israeli company that develops video synopsis technology to augment security and surveillance systems to facilitate review of surveillance video. The investment is included in other non-current assets in the Consolidated Balance Sheets.
Because Qumu's ownership interest is less than 20% and it has no other rights or privileges that enable it to exercise significant influence over the operating and financial policies of BriefCam, Qumu accounts for this equity investment using the cost method. Qumu monitors BriefCam's results of operations, business plan and capital raising activities and is not aware of any events or circumstances that would indicate a decline in the carrying value of its investment.