Certain Relationships and Related Transactions (Details) (USD $)
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12 Months Ended |
11 Months Ended |
1 Months Ended |
0 Months Ended |
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Aug. 31, 2013
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Sep. 30, 2013
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Mar. 15, 2013
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Dec. 31, 2010
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Sep. 30, 2012
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Certain Relationships and Related Transactions (Textual) |
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Common stock, shares outstanding |
20,000,518us-gaap_CommonStockSharesOutstanding
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15,935,693us-gaap_CommonStockSharesOutstanding
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Royalty payment |
$ 3,500,000us-gaap_PaymentsForRoyalties
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Royalties payable in current |
104,000us-gaap_AccruedRoyaltiesCurrent
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186,000us-gaap_AccruedRoyaltiesCurrent
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Forgiveness of debt |
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(1,652,000)us-gaap_DebtInstrumentDecreaseForgiveness
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Settlement with RDOC |
(i) amend the 2013 License Agreement to halve the royalty payable by us to RDOC to 2.5% for the whole of 2014, (ii) cancelled approximately $1.3 million in debt owed by us to RDOC, and (iii) reimburse us for the legal fees it incurred in the matter.
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Litigation Settlement, Amount |
1,300,000us-gaap_LitigationSettlementAmount
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2010 Rich Dad License Agreement [Member] |
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Certain Relationships and Related Transactions (Textual) |
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Aggregate percentage of escrow and cash collateral accounts |
30.00%pric_PercentageOfAggregateAmountOfEscrowAndCashCollateral / us-gaap_StatementScenarioAxis = pric_RichDadLicenseAgreementMember
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Royalty commitments, description |
we paid (i) to RDOC a current royalty (“Current Royalty”) of 3% of the Gross Revenues and (ii) into the escrow account a deferred royalty of 5% of the Gross Revenues (“Unfulfilled Royalty”).
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We were required to pay RDOC royalty payments equal to 10% of Gross Revenues.
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Commitment amount for cash collateral |
6,000,000us-gaap_OtherCommitment / us-gaap_StatementScenarioAxis = pric_RichDadLicenseAgreementMember
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Withdraw percentage on escrow account |
40.00%pric_WithdrawPercentageOnEscrowAccount / us-gaap_StatementScenarioAxis = pric_RichDadLicenseAgreementMember
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Limitation of capital expenditures |
We were limited in making any capital expenditures with respect to any businesses other than the Rich Dad Education Business that exceed $500,000 per year without obtaining written approval from RDOC.
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Credit Agreement [Member] |
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Certain Relationships and Related Transactions (Textual) |
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Royalty payments due |
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3,500,000us-gaap_AccruedRoyaltiesCurrentAndNoncurrent / us-gaap_StatementScenarioAxis = pric_CreditAgreementMember
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Royalty Payment Agreement [Member] |
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Certain Relationships and Related Transactions (Textual) |
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Royalty payment |
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3,600,000us-gaap_PaymentsForRoyalties / us-gaap_StatementScenarioAxis = us-gaap_RoyaltyAgreementsMember
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2013 License Agreement [Member] | Common Stock [Member] |
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Certain Relationships and Related Transactions (Textual) |
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Debt converted into common stock, value |
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4,600,000us-gaap_DebtConversionConvertedInstrumentAmount1 / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember / us-gaap_StatementScenarioAxis = pric_LicenseagreementOneMember
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Debt converted into common stock, shares |
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1,549,882us-gaap_DebtConversionConvertedInstrumentSharesIssued1 / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember / us-gaap_StatementScenarioAxis = pric_LicenseagreementOneMember
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Rich Global, LLC [Member] |
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Certain Relationships and Related Transactions (Textual) |
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Common stock, shares outstanding |
1,290,000us-gaap_CommonStockSharesOutstanding / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = pric_RichGlobalMember
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Common stock issued percentage |
9.90%pric_CommonStockIssuedPercentage / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = pric_RichGlobalMember
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RDOC [Member] |
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Certain Relationships and Related Transactions (Textual) |
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Royalty payments due |
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1,700,000us-gaap_AccruedRoyaltiesCurrentAndNoncurrent / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = pric_RichDadOperatingCompanyLlcMember
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RDOC [Member] | 2010 Rich Dad License Agreement [Member] |
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Certain Relationships and Related Transactions (Textual) |
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Royalty commitments, description |
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Up to 100% of each month's royalties in the form of an interest free promissory note with the consent of RDOC.
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RDOC [Member] | 2013 License Agreement [Member] |
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Certain Relationships and Related Transactions (Textual) |
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License agreement term |
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The initial term of the 2013 License Agreement expires August 31, 2018.
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Forgiveness of debt |
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$ 1,600,000us-gaap_DebtInstrumentDecreaseForgiveness / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = pric_RichDadOperatingCompanyLlcMember / us-gaap_StatementScenarioAxis = pric_LicenseagreementOneMember
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RDE [Member] |
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Certain Relationships and Related Transactions (Textual) |
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Redemption of membership interest |
49% membership interest in RDE.
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