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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2014
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date of July 8, 2014 (in thousands):

 

     July 8, 2014
(As Initially
Reported)
     Measurement
Period
Adjustments
     July 8, 2014
(As Adjusted)
 

Current assets, including cash and cash equivalents

   $ 1,881       $ (159    $ 1,722   

Property, plant and equipment

     804         (227      577   

Identifiable intangible assets – customer relationships

     1,860         70         1,930   

Long term deposits

     —           28         28   

Goodwill

     2,561         368         2,929   
  

 

 

    

 

 

    

 

 

 

Total assets acquired

  7,106      80      7,186   

Current liabilities

  (1,185   5      (1,180

Long-term liabilities

  (13   (85   (98
  

 

 

    

 

 

    

 

 

 

Net assets acquired

$ 5,908    $ —      $ 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 December 31, 2014 is as follows (in thousands):

 

Years Ending December 31,

      

2015

   $ 371   

2016

     371   

2017

     371   

2018

     371   

2019

     371   

Thereafter

     2,357   
  

 

 

 

Total

$ 4,212   
  

 

 

 
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.

 

     Years Ended December 31,
(unaudited)
 
     2014      2013  

Revenue

   $ 91,993       $ 76,305   

Net income (loss)

   $ 549       $ (3,340

Earnings (loss) per share

     

Basic

   $ 0.01       $ (0.07

Diluted

   $ 0.01       $ (0.07
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 December 31, 2014 is as follows (in thousands):

 

Years Ending December 31,

      

2015

   148   

2016

     148   

2017

     148   

2018

     148   

2019

     148   

Thereafter

     1,119   
  

 

 

 

Total

$ 1,859