Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Business Acquisition, Pro Forma Information

(in thousands)	(unaudited)
	Twelve Months Ended December 31,
	2018			2017
Revenue	$	95,419		$	110,274
Net (Loss) Income		(1,717	)		5,524

Basic (loss) earnings per common share	$	(0.09	)	$	0.29

Diluted (loss) earnings per common share	$	(0.09	)	$	0.28

True North Consulting, LLC [Member]

Business Acquisition [Abstract]

Consideration Paid For Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid to acquire True North and the preliminary fair value of the assets acquired and liabilities assumed at the date of the transaction. Due to the recent completion of the acquisition, the Company recorded the assets acquired and liabilities assumed at their preliminary estimated fair value. As of December 31, 2018, the Company had not finalized the determination of the fair value allocated to various assets and liabilities, including, but not limited to, contract receivables, prepaid expenses and other current assets, intangible assets, accounts payable, accrued expenses, accrued compensation and the residual amount allocated to goodwill. The following amounts except for cash are all reflected in the consolidated statement of cash flows within the "Acquisition of True North Consulting, net of cash acquired" line caption.

(in thousands)

Total purchase price	$	9,915

Purchase price allocation:
Cash		306
Contract receivables		1,870
Prepaid expenses and other current assets		8
Property, and equipment, net		1
Intangible assets		5,088
Accounts payable, accrued expenses		(1,744	)
Accrued compensation		(353	)
Total identifiable net assets		5,176
Goodwill		4,739
Net assets acquired	$	9,915

Fair Value of Intangible Assets Acquired and Related Weighted Average Amortization Period

The following table summarizes the fair value of intangible assets acquired at the date of acquisition and the related weighted average amortization period:

Intangible Assets	Weighted Average Amortization Period		Fair Value
	(in years)		(in thousands)
Customer relationships		15	$	3,758
Tradename		10		582
Alliance agreements		5		527
Non-compete agreements		4		221
Total			$	5,088

Absolute Consulting, Inc. [Member]

Business Acquisition [Abstract]

Consideration Paid For Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid to acquire Absolute and the fair value of the assets acquired and liabilities assumed at the date of the transaction. The following amounts except for Cash are all reflected in the consolidated statement of cash flow within the "Acquisition of Absolute Consulting, net of cash acquired" line caption.


(in thousands)
Total purchase price	$	9,521

Purchase price allocation:
Cash	$	455
Contract receivables		5,121
Prepaid expenses and other current assets		68
Property, and equipment, net		184
Intangible assets		2,569
Accounts payable, accrued expenses, and other liabilities		(78	)
Accrued compensation		(1,617	)
Total identifiable net assets		6,702

Goodwill		2,819

Net assets acquired	$	9,521

Fair Value of Intangible Assets Acquired and Related Weighted Average Amortization Period

The Company identified $2.6 million of other intangible assets, including customer relationships and trademarks/names with amortization periods of three to ten years. The following table summarizes the fair value of intangibles assets acquired at the date of acquisition and the related weighted average amortization period:

Intangible Assets	Weighted Average Amortization Period		Fair Value
	(in years)		(in thousands)
Customer relationships		10	$	1,856
Trademarks/Names		3		713
Total			$	2,569