Business Combinations (Tables)

12 Months Ended

Dec. 31, 2015

Business Acquisition Cost Of Acquired Entity Purchase Price [Table Text Block]

The following table sets forth the final fair value of consideration paid in connection with acquisition of SCL as of May 1, 2014:

	Fair Value

Cash consideration	$	5,000,000	(1)
Contingent subordinated unsecured loan note payable consideration		1,000,000	(2)
Net working capital escrow adjustment to consideration paid		(33,188)	(3)

Fair value of consideration paid	$	5,966,812

(1) The Company used operating cash on hand of $5.0 million, of which $4.35 million was released to the seller upon closing of the transaction and the remainder was delivered into escrow. Under the terms of the escrow agreement, the funds shall be released (subject to satisfaction of the terms of the escrow agreement) in two amounts with the first release of $0.15 million on or about May 1, 2015 and the second release of $0.5 million on or about August 1, 2015. The release of funds held in escrow is subject to adjustment based on final net working capital as described in (3) below.

(2) The Company issued a subordinated unsecured loan Note in the principal amount of $1.0 million to satisfy the remainder of the purchase price. This is a US dollar denominated obligation.

(3) On October 21, 2014, a final determination of net working capital resulted in a deficiency of €26,670 ($33,188 USD) reduced total purchase consideration.

Schedule of Purchase Price Allocation [Table Text Block]

Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed in connection with acquisition of SCL as of May 1, 2014:

Fair value of identifiable assets acquired and liabilities assumed:
Cash	$	920,372
Trade receivables		1,294,573
Other current assets		276,443
Property and equipment		333,650
Developed technology		663,936
Channel partners		2,628,080
Tradenames and trademarks		290,472
Other assets		1,687
Accounts payable and accrued expenses		(1,864,888)
Deferred tax liability		(447,811)
Capital lease obligation		(66,813)

Total identifiable net assets acquired	$	4,029,701

Goodwill		1,937,111

Total purchase price	$	5,966,812

Business Acquisition, Pro Forma Information [Table Text Block]

The accompanying unaudited pro forma condensed consolidated financial information were prepared in accordance with the acquisition method of accounting. The following unaudited pro forma condensed consolidated statements of operations of WidePoint for each of the two years ended December 31, 2014 and 2013 have been prepared as if the acquisition of SCL had occurred at January 1, 2013:

	YEARS ENDED
	DECEMBER 31,
	2014		2013

Revenues, net (a)	$	55,255,000	$	52,570,000
Net loss (a)	$	(8,822,000)	$	(1,160,000)
Basic (loss) earnings per share	$	(0.121)	$	(0.018)
Diluted (loss) earnings per share	$	(0.121)	$	(0.018)

(a) To reflect on a pro forma basis unaudited consolidated financial information for the two years ended December 31, 2014 and 2013 for WidePoint. Prior to fiscal 2014, SCL’s fiscal year end was April 30, 2014. During fiscal 2014 SCL changed its fiscal year end to December 31st. The unaudited financial information presented herein were derived from historical internally prepared financial statements for SCL and WidePoint’s Form 10-K audited financial statements. SCL’s financial statements are prepared in accordance with Irish GAAP, as such additional adjustments were made to convert SCL Irish GAAP presentation to a US GAAP presentation to align with WidePoint’s accounting policies. SCL’s reporting currency unit is the Euro. SCL’s US GAAP unaudited historical statement of operations for the two years ended December 31, 2014 and 2013 were translated into WidePoint’s reporting currency using an average USD/EURO rate of $1.3293, and $1.3279, respectively.