Subsequent Events

9 Months Ended

Sep. 30, 2019

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On October 30, 2019, ParTech, Inc. completed the previously disclosed sale of substantially all of the assets of its SureCheck product group to Procurant USA LLC. (see Note 4. Asset Held for Sale).

On November 7, 2019, 2019, the Company and ParTech, Inc., entered into an interest purchase agreement (the “Purchase Agreement”) with The Drew D. Peloubet Family Trust DTD 6/29/09, Steven A. Roberts, Gary Saling, and PJCDSG, Inc., a Florida corporation (collectively, as Sellers), and Drew D. Peloubet with respect to certain representations, warranties and covenants. Pursuant to the terms of the Purchase Agreement, through ParTech, the Company’s wholly-owned subsidiary, the Company will acquire 100% of the limited liability company interests of AccSys LLC, a Delaware limited liability company. The transaction, which was unanimously approved by the Board of Directors of the Company, is expected to close during the fourth quarter of 2019.