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Business Combination (Tables)

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The amount allocated to intangible assets has been attributed to the following categories and will be amortized over the useful lives of each individual asset identified on a straight-line basis as follows:

Acquired Intangible Assets		Estimated Fair Value			Estimated Useful Life (Years)
Non-competition Agreement		$	1,810,000		5
Trademarks		1,610,000			10
Developed Technology		4,420,000			7
Customer Relationships		8,930,000			12
Total		$	16,770,000

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 year ended December 31,
	2018				2017
Net revenue	$	272,153,000			$	222,015,000
Net income (loss)	(3,788,000		)		8,121,000
Net income (loss) per common share:
Basic	(0.49		)		1.06
Diluted	(0.49		)		1.05

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 year ended December 31,
	2018				2017
Depreciation expense	$	55,000			$	50,000
Amortization expense	78,000				1,876,000
Interest (income) expense	(208,000		)		1,705,000
Non-recurring transaction costs	(1,289,000		)		(596,000		)
Income tax expense (benefit)	253,000				(880,000		)

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [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		)
		$	63,005,000

X

- Definition

Tabular disclosure of the nature and amount of any material, nonrecurring adjustments directly attributable to the business combination(s) included in the reported pro forma revenue and earnings (supplemental pro forma information).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(4)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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-Publisher FASB
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-Section 50
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X

- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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