Subsequent Events

12 Months Ended

Dec. 31, 2013

Subsequent Events [Abstract]

Subsequent Events

Note 22. Subsequent Events

Secondary Offering

On January 17, 2014, the Company completed a public offering of 6,325,000 shares of its common stock including 825,000 shares sold upon full exercise of the underwriters’ overallotment option at a price of $6.15 per share. The Company received net proceeds of approximately $36,954 after deducting underwriters’ discounts and commissions and offering costs.

Warranty Liabilities and Escrow Agreement

On February 24, 2014 the Company and Alanco agreed to distribute the 166,611 shares of common stock from the escrow account to Alanco. In consideration for agreeing to distribute these shares of common stock, the Company received $691 from Alanco (See Note 4).

Euroscan Holding B.V.

On March 11, 2014, the Company completed the acquisition of 100% of the outstanding equity of Euroscan Holding B.V. (“Euroscan”). The acquisition was pursuant to the Share Purchase Agreement dated March 11, 2014.

The aggregate consideration paid by the Company at the closing was equal to twenty one million Euros (€21,000,000), payable in cash and common stock as follows; cash consideration in an amount equal to $26,942,720 (€19,400,000), subject to an adjustment for working capital and net cash, and a total of 291,230 shares of the Company’s common stock.

In addition to the closing consideration, contingent consideration of up to four million seven hundred fourteen thousand two hundred fourteen Euros (€4,714,214) equivalent to $6,547,100, is payable by the Company based on the achievement of Euroscan with respect to various metrics measured over three one-year periods.