XML 37 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
Business Combination (Tables)
12 Months Ended
Dec. 31, 2016
Business Combination [Abstract]  
Estimated Fair Values of Assets Acquired and Liabilities Assumed
The following is a summary of the preliminary purchase price allocation to the estimated fair values of assets acquired and liabilites assumed in the PTF Acquisition (in thousands):

Purchase consideration
 
$
295
 
 
    
Net assets acquired:
    
Current assets
  
45
 
Fixed assets
  
85
 
Intangible assets
  
214
 
Current liabilities
  
(45
)
Net assets acquired
 
$
299
 
 
    
Bargain purchase gain
 
$
(4
)

Certain Unaudited Pro Forma Information

The following table sets forth certain unaudited pro forma information for the year ended December 31, 2016 and 2015 assuming that the PTF Acquisition occurred on January 1, 2015 (in thousands, except per share data):

 
Year Ended
December 31, 2016
 
 
Historical
 
Pro Forma Adjustments
 
Pro Forma
 
 
      
Revenue
 
$
21,129
  
$
-
  
$
21,129
 
Net income
 
$
136
  
$
25
  
$
161
 
 
            
Basic net income per share
 
$
0.05
  
$
0.01
  
$
0.06
 
Diluted net income per share
 
$
0.05
  
$
0.01
  
$
0.06
 

 
Year Ended
December 31, 2015
 
 
Historical
 
Pro Forma Adjustments
 
Pro Forma
 
 
      
Revenue
 
$
21,443
  
$
-
  
$
21,443
 
Net loss
 
$
(752
)
 
$
(55
)
 
$
(807
)
 
            
Basic net loss per share
 
$
(0.29
)
 
$
(0.01
)
 
$
(0.30
)
Diluted net loss per share
 
$
(0.29
)
 
$
(0.01
)
 
$
(0.30
)