Acquisition (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of Estimated Preliminary Acquisition Consideration Allocation

Estimated Preliminary Acquisition Consideration Allocation (in thousands)

Current assets, including cash and cash equivalents of $79	$	1,881
Property, plant and equipment		804
Identifiable intangible assets – customer relationships		1,860
Goodwill		2,561
Total assets acquired		7,106
Current liabilities		(1,185	)
Long-term liabilities		(13	)
Net assets acquired	$	5,908

Estimated Amortization Expense

The estimated amortization expense related to amortizable intangible assets for each of the five succeeding fiscal years and thereafter as of September 30, 2014 is as follows (in thousands):

Year Ending December 31,
Remainder of 2014	$	92
2015		366
2016		366
2017		366
2018		366
2019		366
Thereafter		2,314
Total	$	4,236

Summary of Unaudited Pro-forma Information

The following unaudited pro forma information (in thousands) have been provided for illustrative purposes only and are not necessarily indicative of results that would have occurred had the Acquisition been in effect since January 1, 2013, nor are they necessarily indicative of future results.

	Three Months Ended September 30,					Nine Months Ended September 30,
	2014			2013		2014			2013
Revenue	$	23,405		$	19,469	$	67,289		$	56,351
Net income (loss)		(35	)		219		(450	)		(1,272	)
Earnings (loss) per share
Basic	$	(0.00	)	$	0.00	$	(0.01	)	$	(0.03	)
Diluted	$	(0.00	)	$	0.00	$	(0.01	)	$	(0.03	)

Path Logic [Member]

Estimated Amortization Expense

The estimated amortization expense related to the acquired intangible assets for each of the five succeeding fiscal years and thereafter as of September 30, 2014 is as follows (in thousands):

Year Ending December 31,
Remainder of 2014	$	36
2015		143
2016		143
2017		143
2018		143
2019		143
Thereafter		1,076
Total	$	1,827