XML 62 R49.htm IDEA: XBRL DOCUMENT v3.3.1.900
Business Combinations (Details Textual)
1 Months Ended 12 Months Ended
May. 01, 2014
USD ($)
Dec. 30, 2011
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Dec. 31, 2012
USD ($)
Oct. 21, 2014
USD ($)
Oct. 21, 2014
EUR (€)
Soft-ex Communications Limited [Member]                
Business Acquisition [Line Items]                
Business Combination, Consideration Transferred $ 5,966,812              
Payments to Acquire Businesses, Gross [1] 5,000,000              
Cash 1,000,000              
Subordinated Debt 1,000,000              
Debt Instrument, Face Amount $ 1,000,000              
Debt Instrument, Interest Rate, Stated Percentage 0.00%              
Working Capital Deficiency             $ 33,188 € 26,670
Business Combination, Acquisition Related Costs     $ 250,300          
Annual Automobile Allowance, Employment Agreement, Amount       $ 1.3293 $ 1.3279      
Business Combination, Consideration Transferred, Liabilities Incurred [2] $ 1,000,000              
Avalon Global Solutions Limited [Member]                
Business Acquisition [Line Items]                
Business Combination, Consideration Transferred   $ 11,500,000            
Payments to Acquire Businesses, Gross   3,500,000            
Proceeds from Bank Debt   4,000,000            
Business Combination, Consideration Transferred, Liabilities Incurred   1,000,000            
Business Combination, Contingent Consideration, Liability   $ 3.0       $ 2.15    
Goodwill, Period Increase (Decrease)         850,000      
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability         1,250,000      
Avalon Global Solutions Limited [Member] | Maximum [Member]                
Business Acquisition [Line Items]                
Business Combination, Consideration Transferred         10,700,000 11.5    
Avalon Global Solutions Limited [Member] | Minimum [Member]                
Business Acquisition [Line Items]                
Business Combination, Consideration Transferred         $ 8,500,000 $ 10.7    
Released to Seller upon Close [Member] | Soft-ex Communications Limited [Member]                
Business Acquisition [Line Items]                
Payments to Acquire Businesses, Gross 4,350,000              
Escrow Agreement, Payable on or about May 1, 2015 [Member] | Soft-ex Communications Limited [Member]                
Business Acquisition [Line Items]                
Payments to Acquire Businesses, Gross 150,000              
Escrow Agreement, Payable on or about August 1, 2015 [Member] | Soft-ex Communications Limited [Member]                
Business Acquisition [Line Items]                
Payments to Acquire Businesses, Gross 500,000              
Escrow agreement [Member] | Soft-ex Communications Limited [Member]                
Business Acquisition [Line Items]                
Payments to Acquire Businesses, Gross $ 5,000,000              
[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.