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Line of Credit and Long Term Debt (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Total $ 6,021,473 $ 7,717,462
Less: current portion 1,102,741 798,319
Long-term debt, net of current portion 4,918,732 6,919,143
Cardinal Bank Term Note Dated January 2 2008 [Member]
   
Total 0 [1] 50,909 [1]
Cardinal Bank Mortgage Dated December 17 2010 [Member]
   
Total 499,938 [2] 515,553 [2]
Cardinal Bank Term Note Dated December 31 2011 [Member]
   
Total 3,271,535 [3] 4,001,000 [3]
Ags Promissory Note One [Member]
   
Total 1,250,000 [4] 2,150,000 [4]
Ags Promissory Note Two [Member]
   
Total $ 1,000,000 [5] $ 1,000,000 [5]
[1] On January 2, 2008, the Company entered into a $2 million four-year term note with Cardinal Bank to fund the unpaid portion of the iSYS purchase price. The term note bore interest at 7.5% with monthly principal and interest payments of approximately $48,000, and matured on January 1, 2012. The term note was secured under a corporate security agreement. This term note was repaid on January 1, 2012.
[2] On December 17, 2010, the Company entered into a real estate purchase agreement to acquire iSYS's call center facility in Columbus, Ohio for approximately $677,000. In connection with the real estate purchase agreement the Company entered into a $528,000 ten-year mortgage with Cardinal Bank to fund the unpaid portion of the purchase price. The mortgage loan bears interest at 6.0% with monthly principal and interest payments of approximately $3,800, and matures on December 17, 2020. The mortgage loan principal and interest payments are based on a twenty-year amortization with the unpaid balance due at maturity. The mortgage loan is secured by the real estate.
[3] On December 31, 2011, the Company entered into a $4 million 5-year term note with Cardinal Bank to fund a portion of the purchase price paid in connection with the asset purchase agreement with Avalon Global Solutions, Inc. dated December 30, 2011. The term note bears interest at 4.50% with monthly principal and interest payments of approximately $74,694, and matures on December 30, 2016. The term note is secured under a corporate security agreement.
[4] On December 31, 2011, the Company entered into a subordinated 3-year term contingent promissory note ("contingent obligation") with a face value of $3.0 million with Avalon Global Solutions, Inc. (AGS) to fund a portion of the purchase price paid in connection with the asset purchase agreement dated December 30, 2011. The Company carries this contingent obligation at fair value on the consolidated balance sheet and reported a provisional value of $3.0 million at December 31, 2011 which was subsequently adjusted to fair value of $2.15 million (see Note 3 for additional information on the nature of adjustments to provisional amounts). AGS can earn up to $1.5 million in fiscal 2012 and 2013 with the attainment of Adjusted Gross Profit ("AGP") of $5,428,000 in 2012 and $6,752,000 in 2013. AGP floor and ceiling targets were not meet in fiscal 2012 which entitled the Company to reduce the face value of the contingent obligation by $1.5 million. The Company estimated fair value of this contingent obligation (and subsequent changes in fair value) at approximately $1.25 million at December 31, 2012 as described in Note 4. The contingent obligation bears interest at 3.0%, with a fair value of remaining contingent annual principal payments of approximately $625,000 and $625,000 in 2014 and 2015, respectively, and matures on April 15, 2015. This contingent obligation is subordinated to the senior bank financing.
[5] On December 31, 2011, the Company entered into a $1 million subordinated 3-year term non-contingent note ("Term note" or "non-contingent obligation") with Avalon Global Solutions, Inc. to fund a portion of the purchase price paid in connection with the asset purchase agreement with Avalon Global Solutions, Inc. dated December 30, 2011. The term note bears interest at 3.0% with estimated annual principal and interest payments of $323,530, $333,236 and $343,233 in 2013, 2014 and 2015, respectively, and matures on April 15, 2015. The term notes are subordinated to the senior bank financing.