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Business Combinations (Details) - Soft-ex Communications Limited [Member]
1 Months Ended
May. 01, 2014
USD ($)
Business Combination Segment Allocation [Line Items]  
Cash consideration $ 5,000,000 [1]
Contingent subordinated unsecured loan note payable consideration 1,000,000 [2]
Net working capital escrow adjustment to consideration paid (33,188) [3]
Fair value of consideration paid $ 5,966,812
[1] The Company used operating cash on hand of $5.0 million, of which $4.35 million was released to the seller upon closing of the transaction and the remainder was delivered into escrow. Under the terms of the escrow agreement, the funds shall be released (subject to satisfaction of the terms of the escrow agreement) in two amounts with the first release of $0.15 million on or about May 1, 2015 and the second release of $0.5 million on or about August 1, 2015. The release of funds held in escrow is subject to adjustment based on final net working capital as described in (3) below.
[2] The Company issued a subordinated unsecured loan Note in the principal amount of $1.0 million to satisfy the remainder of the purchase price. This is a US dollar denominated obligation.
[3] On October 21, 2014, a final determination of net working capital resulted in a deficiency of €26,670 ($33,188 USD) reduced total purchase consideration.