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Earnout Share Liability (Restated) | 9 Months Ended
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Sep. 30, 2015
Earnout Share Liability Restated [Abstract] |
Earnout Share Liability [Text Block] | Note 10. Earnout Share Liability (Restated) The earnout shares liability is subject to re-measurement at each balance sheet date until the shares are released or until the expiration of the liability at December 31, 2016 under the governing agreement, and any change in fair value is recognized in the Company’s condensed consolidated statement of operations. When the earnout shares are released from the escrow account upon achievement of the conditions set forth in the earnout share agreement, the Company records the fair value of the released shares out of the earnout share liability and into common stock and additional paid-in capital within the shareholders equity section of the Company’s condensed consolidated balance sheets. The Company determines the fair value of the earnout share liability using a Monte Carlo simulation, which models future EBITDA and ordinary share stock prices during the earn-out period using the Geometric Brownian Motion. This model is dependent upon several variables such as the earnout share agreement’s expected term, expected risk-free interest rate over the expected term, the equity volatility of the Company’s stock price over the expected term, the asset volatility, and the Company’s forecasted EBITDA. The expected term represents the period of time that the earnout shares agreement is expected to be outstanding. The risk-free rates are based on U.S. Treasury securities with similar maturities as the expected term of the earnout share agreement at the date of valuation. The Company measures volatility using a blended weighted average of the volatility rates for a number of similar publicly-traded companies. The inputs to the model were stock price, risk-free rate, expected term and volatility. In general, the inputs used are unobservable; therefore unless indicated otherwise, the earnout share liability is classified as Level 3 under guidance for fair value measurements hierarchy. The table below provides a reconciliation of the beginning and ending balances for the earnout shares liability measured using significant unobservable inputs (Level 3):
Balance - December 31, 2014 |  | $ | 29,061 |
Fair value adjustment - six months ended June 30, 2015 |  |  | 7,672 |
Reclassification to Additional Paid-In Capital on release of 2014 Earnout shares |  |  | -5,765 |
Balance - June 30, 2015 |  |  | 30,968 |
Fair value adjustment - three months ended September 30, 2015 |  |  | 2,519 |
Balance - September 30, 2015 |  | $ | 33,487 |

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