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CONTINGENT CONSIDERATION
6 Months Ended
Jun. 30, 2013
Notes to Financial Statements  
CONTINGENT CONSIDERATION

NOTE 11. CONTINGENT CONSIDERATION

 

As part of the consideration paid related to the Acquisition of Vertex Holdings, L.P., if certain earnings targets are met the Company has to pay the seller approximately $2,233,000 annually in each of 2013, 2014 and 2015. As of June 30, 2013, it has been determined that the 2013 earnings target will not be met and the contingent consideration has been reduced by $1,850,000, which represents the discounted cash flow for year one.