BUSINESS COMBINATION (Tables)

6 Months Ended

Jun. 30, 2016

BUSINESS COMBINATION [Abstract]

Estimated Fair Values of the Net Assets Acquired

The following table summarizes the allocation of the assets acquired and liabilities assumed based on their estimated fair values as follows:

	(in thousands)
	May 29, 2015
Cash and cash equivalents	$	733
Accounts receivable and other current assets		1,535
Other assets		50
Property and equipment		2,359
Accounts payable and other current liabilities		(4,382	)
Long term debt		(1,701	)
Goodwill and other intangibles		14,375
Customer-related intangibles		5,031
Total	$	18,000

Business Acquisition Proforma Information

The following unaudited supplemental pro forma information presents the financial results as if the acquisition of NetWolves had occurred January 1, 2014.

	(in thousands)
	Three months ended			Six months ended
	June 30, 2015			June 30, 2015
	(unaudited)			(unaudited)
Revenue		$	16,088		$	31,449
Net income			580			517
Earnings per share - basic and diluted		$	0.00		$	0.00