Acquisition

12 Months Ended

Dec. 31, 2012

Acquisition [Abstract]

Acquisition

4. ACQUISITION

On June 21, 2010, we purchased all of the outstanding equity of CitySync Limited ("CitySync"), a privately-held developer and marketer of automatic number plate recognition (ANPR) products. The total purchase price was $9.6 million, comprised of $7.9 million in cash plus 57,000 shares of our common stock.

The results of CitySync operations are included in the accompanying Consolidated Financial Statements since the date of the acquisition and are reported in the CitySync segment. The following pro forma summary presents the results of operations as if the acquisition had occurred on January 1, 2010. The table below includes our results for the periods as shown and for CitySync based on a January fiscal year. The pro forma results are not necessarily indicative of the results that would have been achieved had the CitySync acquisition taken place on that date (in thousands, except per share amounts):

	Year Ended December 31,
	2012			2011			2010
	(Actual)			(Actual)			(Pro Forma)
Total revenue	$	24,963		$	30,521		$	34,088
Net income (loss)		(3,352	)		(10,017	)		2,508
Net income (loss) per share:
Basic	$	(0.69	)	$	(2.07	)	$	0.55
Diluted	$	(0.69	)	$	(2.07	)	$	0.53