Business Combination (Tables)

6 Months Ended

Jun. 30, 2019

Business Acquisition, Pro Forma Information [Table Text Block]

The unaudited pro forma information is not necessarily indicative of the results that we would have achieved had the transactions actually taken place on January 1, 2017 and the unaudited pro forma information does not purport to be indicative of future financial operating results.



	Pro forma for the three months ended June 30,		Pro forma for the six months ended June 30,
	2018		2018
Net revenue	$	68,601,000	$	134,316,000
Net income	543,000		1,773,000
Basic and diluted net income per share	$	0.07	$	0.23

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

Consideration was allocated to assets acquired and liabilities assumed based on their fair values as of the acquisition date as follows:



Accounts Receivable	$	7,677,000
Inventory	6,523,000
Other Current Assets	832,000
Property and Equipment	12,994,000
Intangibles	16,770,000
Goodwill	21,476,000
Accounts Payable	(3,181,000		)
Other Current Liabilities	(86,000		)
Total	$	63,005,000

Business Acquisition, Pro Forma Information, Nonrecurring Adjustments [Table Text Block]

The unaudited pro forma net income includes the following adjustments that would have been recorded had the 2018 acquisition taken place on January 1, 2017.



	Pro forma for the three months ended June 30,			Pro forma for the six months ended June 30,
	2018			2018
Non-recurring transaction costs	$	(6,000	)	$	(1,289,000	)
Depreciation expense	—			55,000
Amortization expense	—			78,000
Interest expense	(124,000		)	(107,000		)
Income tax expense	26,000			(14,000		)