Business Combinations (Tables)

12 Months Ended

Dec. 31, 2013

Business Combinations [Abstract]

Schedule of Preliminary Allocation of the Purchase Price

The below table shows the preliminary allocation of the purchase price as of September 30, 2013 and subsequent adjustments to the preliminary allocation as of December 31, 2013.

Net Assets Acquired	Fair Value as of September 30, 2013		Fair Value Adjustments			Other Adj			Fair Value as of December 31, 2013
Prepaid Service Agreement Costs (1)	$	3,383,000	$	—		$	(3,383,000	)	$	—
Personal Property	4,430,986		3,683,614			—			8,114,600
Real Property	1,060,000		—			—			1,060,000
HomeLink® Trade Names and Trademarks	47,000,000		5,000,000			—			52,000,000
HomeLink®Technology	166,000,000		14,000,000			—			180,000,000
Existing Customer Platforms	43,000,000		—			—			43,000,000
Exclusive Licensing Agreement	87,000,000		9,000,000			—			96,000,000
Accounts Receivable	7,719,302		—			3,400,145			11,119,447
Net Customer Tooling	956,665		—			26,741			983,406
Fair Value of Acquired Assets	360,549,953		31,683,614			43,886			392,277,453
Other adjustments	—		—			(1,492,398		)	(1,492,398		)
Goodwill	337,557,061		(31,683,614		)	1,492,398			307,365,845
Total Cash Consideration	$	698,107,014	$	—		$	43,886		$	698,150,900

(1) - The Company used the prepaid service agreement costs to offset payments due to the Seller in the quarter ended , December 31, 2013.

Schedule of Pro Forma Information

The following unaudited pro forma condensed consolidated statement of income for twelve month periods ended December 31, and 2012 include pro-forma adjustments to reflect the effect of the acquisition as if it had occurred on January 1, 2013. This unaudited pro forma consolidated statement of income is provided for informational purposes only and does not purport to be indicative of the results which would have actually been attained had the acquisition occurred on January 1, 2013 or that may be attained in the future. 

PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF INCOME
Twelve Months Ended December 31,
	2013		2012
Net Sales	$	1,271,320	$	1,216,009
Net Income	253,678		205,023