Acquisition (Tables)

6 Months Ended

Jun. 30, 2015

Acquisition [Abstract]

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 six months ended June 30, 2015 and 2014, the unaudited pro forma financial information below assumes that our material business acquisition of Hyperspring occurred on January 1, 2014.

(in thousands except per share data)	(unaudited)
	Three Months ended								Six Months ended
	June 30,								June 30,
Pro forma financial information including the acquisition of Hyperspring	2015				2014				2015				2014
Revenue		$	13,632			$	12,760			$	27,628			$	25,968
Operating loss			(918	)			(1,943	)			(1,506	)			(4,013	)
Net loss			(1,043	)			(1,955	)			(1,777	)			(3,955	)
Loss per common share — basic		$	(0.06	)		$	(0.11	)		$	(0.10	)		$	(0.22	)
Loss per common share — diluted		$	(0.06	)		$	(0.11	)		$	(0.10	)		$	(0.22	)

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

As of June 30, 2015 and December 31, 2014, current contingent consideration totaled $2.8 million and $2.8 million, respectively.  As of June 30, 2015 and December 31, 2014, we also had accrued contingent consideration totaling $2.1 million and $1.9 million, respectively, which represents the portion of contingent consideration estimated to be payable greater than twelve months from the balance sheet date.

(in thousands)
	June 30,		December 31,
	2015		2014
Hyperspring, LLC	$	2,383	$	2,152
IntelliQlik, LLC		213		213
EnVision Systems, Inc.		179		477
Current contingent consideration	$	2,775	$	2,842
Hyperspring, LLC	$	2,130	$	1,948
Contingent consideration	$	2,130	$	1,948