Acquisition (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the purchase price and purchase price allocation for the acquisition of Hyperspring, LLC, acquired on November 14, 2014.

(in thousands)

Cash purchase price	$	3,000
Fair value of contingent consideration		3,953
Total purchase price	$	6,953

Purchase price allocation:
Cash	$	152
Contract receivables		1,719
Prepaid expenses and other current assets		23
Property and equipment, net		12
Intangible assets		779
Goodwill		5,612
Total assets		8,297

Line of credit		749
Accounts payable, accrued expenses, and other liabilities		586
Billings in excess of revenue earned		9
Total liabilities		1,344

Net assets acquired	$	6,953

Schedule of Pro Forma Results

Pro forma results. Our consolidated financial statements include the operating results of Hyperspring as of the date of acquisition. For the three months ended March 31, 2015 and 2014, the unaudited pro forma financial information below assumes that our material business acquisition of Hyperspring occurred on January 1, 2014. This pro forma information does not purport to represent what the Company's actual results would have been if the acquisition had occurred as of the date indicated or what results would be for any future periods.

(in thousands except per share data)	(unaudited)
	Three Months ended
	March 31,
Pro forma financial information including the acquisition of Hyperspring	2015				2014
Revenue		$	13,996			$	13,208
Operating loss			(446	)			(2,101	)
Net loss			(592	)			(2,031	)
Loss per common share — basic		$	(0.03	)		$	(0.11	)
Loss per common share — diluted		$	(0.03	)		$	(0.11	)

Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]

As of March 31, 2015 and December 31, 2014, contingent consideration included in the other current liabilities on the consolidated balance sheet totaled $1.9 million and $2.8 million, respectively. As of March 31, 2015 and December 31, 2014, we also had accrued contingent consideration totaling $2.5 million and $1.9 million, respectively, which is included in other long-term liabilities on the consolidated balance sheet and represents the portion of contingent consideration estimated to be payable greater than twelve months from the balance sheet date.

(in thousands)
	March 31,		December 31,
	2015		2014
Hyperspring, LLC	$	1,516	$	2,152
IntelliQlik, LLC		213		213
EnVision Systems, Inc.		171		477
Current contingent consideration	$	1,900	$	2,842

Hyperspring, LLC	$	2,492	$	1,948
Contingent consideration	$	2,492	$	1,948