Acquisition (Tables)

12 Months Ended

Dec. 31, 2015

The total purchase price was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed by the Company based on their fair values as of the closing date of the acquisition. The excess of the purchase price over those fair values was recorded to goodwill. The following table summarizes our allocation of purchase price (in thousands) at the measurement date, September 18, 2014:

Accounts receivable	$	83
Inventories		116
Intangible assets		7,190
Goodwill		10,315
Other assets		90
Total assets acquired	$	17,794

Accounts payable	$	124
Other current liabilites		365
Deferred Tax Liabilities		2,445
Total liabilities assumed	$	2,934

Purchase price	$	14,860

Identifiable intangible assets acquired and estimated useful lives

The identifiable intangible assets acquired and their estimated useful lives (based on third party valuations) are as follows (in thousands):

	Fair Value		Estimated Useful Life
Trade name	$	400	Indefinite
Developed technology		6,600	7 Years
Customer relationships		160	7 Years
Non-competition agreements		30	1 Year
	$	7,190

Schedule of unaudited proforma information

On an unaudited proforma basis, assuming the completed acquisition had occurred as of the beginning of the periods presented, the consolidated results from continuing operations of the Company would have been as follows (in thousands, except per share amounts):

	(Unaudited) Year ended December 31, 2014
Revenues	$	219,328
Net loss	$	(559	)

Earnings per share:
Basic	$	(0.04	)
Diluted	$	(0.04	)