ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2017

Zycron, Inc.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Accounts receivable	$	4,345,312
Prepaid expenses and other assets	82,122
Property and equipment	128,431
Intangible assets	13,818,475
Goodwill	7,037,271
Liabilities assumed	(2,997,027		)
Total net assets acquired	$	22,414,584
Cash	$	18,500,000
Hold back	500,000
Common stock	1,000,000
Working capital adjustment	(177,469		)
Fair value of contingent consideration	2,592,053
Total fair value of consideration transferred for acquired business	$	22,414,584

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The allocation of the intangible assets is as follows:

	Estimated Fair Value		Estimated  Useful Lives
Covenants not to compete	$	475,000	5 years
Trade name	5,006,000		Indefinite
Customer list	8,337,475		5 years
Total	$	13,818,475

Technology Services, Inc., Vision Technology Services, LLC, and VTS-VM

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Accounts receivable	$	1,228,614
Prepaid expenses and other assets	38,150
Property and equipment	38,270
Intangible assets	4,903,602
Goodwill	1,748,119
Liabilities assumed	(144,906		)
Total net assets acquired	$	7,811,849
Cash	$	6,000,000
Working capital adjustment	51,212
Fair value of contingent consideration	1,760,637
Total fair value of consideration transferred for acquired business	$	7,811,849

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The allocation of the intangible assets is as follows:

	Estimated Fair Value		Estimated  Useful Lives
Covenants not to compete	$	20,000	5 years
Customer list	4,883,602		5 years
Total	$	4,903,602

D&W Talent, LLC, Technology Services, Inc., Vision Technology Services, LLC, and VTS-VM

Business Acquisition, Pro Forma Information

The Company estimates that the revenues and net income for the periods below that would have been reported if the Zycron and Smart acquisitions had taken place on the first day of the Company's 2016 fiscal year would be as follows (dollars in thousands, except per share amounts): 

	2017		2016
Revenues	$	290,359	$	305,314
Gross profit	$	73,647	$	72,280
Net income	$	6,117	$	7,179
Income per share:
Basic	$	0.70	$	0.89
Diluted	$	0.68	$	0.85