There is plenty of commercial potential for this name, I would approach this company tactfully and try to get it out of their hair for a realistic price, $2,000 - $5,000.
Thanks @-Matthew- and @deez007 for your input it seems the company has closed down, i listed the domain on flippa auction as I am looking for a quick flip here any one interested can bid on the name https://flippa.com/8206228-fboards-com