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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2015
Summary of Final Amounts for Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the final amounts for the fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands):

 

 

 

Fair Value

July 8, 2014

 

Current assets, including cash and cash equivalents

 

$

1,722

 

Property, plant and equipment

 

 

577

 

Identifiable intangible assets – customer relationships

 

 

1,930

 

Long term deposits

 

 

28

 

Goodwill

 

 

2,929

 

Total assets acquired

 

 

7,186

 

Current liabilities

 

 

(1,180

)

Long-term liabilities

 

 

(98

)

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, 2015 is as follows (in thousands):

 

Year Ending December 31,

 

 

 

 

Remainder of 2015

 

$

93

 

2016

 

 

372

 

2017

 

 

372

 

2018

 

 

372

 

2019

 

 

372

 

2020

 

 

372

 

Thereafter

 

 

1,975

 

Total

 

$

3,928

 

 

Schedule 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, 2014

 

 

Nine Months Ended

September 30, 2014

 

Revenue

 

$

23,405

 

 

$

67,289

 

Net income (loss)

 

 

(35

)

 

 

(450

)

Income (loss) per share

 

 

 

 

 

 

 

 

Basic

 

$

(0.00

)

 

$

(0.01

)

Diluted

 

$

(0.00

)

 

$

(0.01

)

 

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, 2015 is as follows (in thousands):

 

Year Ending December 31,

 

 

 

 

Remainder of 2015

 

$

37

 

2016

 

 

148

 

2017

 

 

148

 

2018

 

 

148

 

2019

 

 

148

 

2020

 

 

148

 

Thereafter

 

 

970

 

Total

 

$

1,747