ACQUISITION AND RELATED PARTY ITEMS (Tables)

9 Months Ended

Sep. 30, 2016

Business Combinations and Related Party Disclosures [Abstract]

Schedule of purchase price allocation

The following summarizes the aggregate consideration paid by the Company and the allocation of the purchase price (in thousands):

Common stock issued - 175,000 shares	$	6,347
Debt assumed	1,535
Total fair value of consideration transferred	$	7,882
Accounts receivable	$	222
Inventories	39
Due from Cuattro, LLC	963
Property and equipment	80
Other tangible assets	164
Deferred tax asset	56
Intangible assets	2,521
Goodwill	5,783
Accounts payable	(112		)
Deferred tax liability	(905		)
Other assumed liabilities	(929		)
Total fair value of consideration transferred	$	7,882

Schedule of intangible assets acquired

Intangible assets acquired, amortization method and estimated useful lives as of May 31, 2016 was as follows (dollars in thousands):

	Useful Life	Amortization Method	Fair Value
Customer relationships	6.67	Straight-line	$2,521

Reconciliation of non-controlling interest balance

The following is a reconciliation of the non-controlling interest balance (in thousands):

Beginning December 31, 2015	$	15,747
Accretion of Put Value	(152		)
Balance September 30, 2016	$	15,595