Acquisition (Tables)

12 Months Ended

Dec. 31, 2012

	(Dollars in thousands)
Acquired company	EnVision Systems, Inc.		TAS Holdings Ltd.
Acquisition date	1/4/2011		4/26/2010

Cash purchase price	$	1,200	$	1,289
Fair value of contingent consideration		1,998		740
Payable to EnVision Shareholders - contracts receivable		687		-
Working capital retained by EnVision Shareholders - cash		109		-
Total purchase price	$	3,994	$	2,029

Purchase price allocation:
Cash	$	553	$	68
Contract receivables		1,124		594
Prepaid expenses and other current assets		62		17
Property and equipment, net		22		496
Intangible assets		1,509		735
Goodwill		1,854		865
Other assets		321		-
Total assets		5,445		2,775

Accounts payable, accrued expenses, and other liabilities		429		703
Billings in excess of revenue earned		46		43
Deferred tax liability		976		-
Total liabilities		1,451		746

Net assets acquired	$	3,994	$	2,029

Schedule of Pro Forma Results

For the twelve months ended December 31, 2011 and 2010, the unaudited pro forma financial information below assumes that our material business acquisition of EnVision occurred on January 1, 2010.

(in thousands except per share data)	(unaudited)
	Twelve Months ended
	December 31,
Pro forma financial information including the acquisition of EnVision		2011		2010
Revenue	$	51,126	$	50,410
Operating income (loss)		2,590		(708)
Net income (loss)		3,163		(1,711)
Earnings (loss) per common share — basic	$	0.17	$	(0.09)
Earnings (loss) per common share — diluted	$	0.17	$	(0.09)