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Business Combination (Details Textual) $ in Thousands |  | 1 Months Ended | 12 Months Ended
--- | --- | --- | ---
May 10, 2019 | Feb. 20, 2020 | Nov. 20, 2018 USD ($) Members | Dec. 31, 2019 USD ($) | Dec. 31, 2018 USD ($)
Accrued expenses |  |  |  |  | $ 535 |
Long term seller note payable |  |  |  |  | 3,757 | $ 3,233
Direct transaction costs |  |  |  |  |  | 710
Incremental interest expenses |  |  |  |  |  | $ 9
Allure Global Solutions, Inc. [Member] |  |  |  |  |  |
Purchase agreement, description |  |  |  | Pursuant to the Stock Purchase Agreement, the total purchase price was $8,450, which was primarily funded using cash from the Company’s public offering closed on November 19, 2018. |  |
Retention bonus due |  |  |  | $ 1,250 |  |
Number of members | Members |  |  |  | 2 |  |
Retention bonus due percentage, description |  |  |  | 30% due in November 2018 and 70% due in November 2019. The fair value of the payable as of the acquisition date was deemed to be $1,021. |  |
Estimated net working capital deficit |  |  |  |  | 801 |
Accounts payable to seller for outsourced services |  |  |  |  | 1,403 |
Fair value of the earnout liability | [1] |  |  |  | $ 250 |
Cash flow projections discounted percent |  |  |  | 26.00% |  |
Fair value of property, plant and equipment |  |  |  | $ 177 |  |
Promissory note accruing interest percent |  |  |  | 3.50% | 3.50% |
Maturity date |  |  | Feb. 20, 2020 |  |  |
Allure Global Solutions, Inc. [Member] | Minimum [Member] |  |  |  |  |  |
Identifiable intangible assets weighted average lives |  |  |  | 3 years |  |
Allure Global Solutions, Inc. [Member] | Maximum [Member] |  |  |  |  |  |
Identifiable intangible assets weighted average lives |  |  |  | 15 years |  |
Settlement agreement [Member] |  |  |  |  |  |
Purchase agreement, description |  |  |  |  | The fair value of the earnout liability was initially determined to be $250 at the time of acquisition but has since been adjusted to $0, resulting in a gain on reversal of earnout liability of $250 in the fourth quarter of 2019. We currently do not expect to owe any amount of additional consideration to Seller and no liability has been recorded in the Consolidated Financial Statements for this contingent liability as of December 31, 2019. We utilized a third-party valuation specialist to assist in evaluating this liability as of the opening balance sheet date. Should revenues from Allure customers exceed $13,000 during 2020, the $2,000 liability generated would be recorded through the Company's statement of operations. |
Estimated net working capital deficit |  |  |  |  | $ 398 |
Business combination settled via cash, description |  | We reached a settlement agreement with Seller on, among other things, the final net working capital as of the acquisition date resulting in (i) a payment to us from Seller in the amount of $210, and (ii) a reduction of the amount due under the Amended and Restated Seller Note of $168 of cash collected by the Company which had been previously designated for payment on the Amended and Restated Seller Note but was not ultimately remitted to the Seller and (b) $20 of unpaid accrued interest. In addition to this net working capital settlement, Seller accepted collection risk for one acquired receivable in the amount of $666, which was net settled through the Amended and Restated Seller Note. As a result, our consolidated balance sheet reflects a reduction in both accounts receivable and the Amended and Restated Seller Note of $666. The outstanding principal balance of the Amended and Restated Seller Note as of December 31, 2019 is $1,637. |  |  |  |
Outstanding principal balance |  |  |  |  | 1,637 |
Contemplates additional consideration |  |  |  |  | 2,000 |
Acquiree revenue exceed |  |  |  |  | 13,000 |
Fair value of earnout liability |  |  |  |  | $ 250 |
Seller Agreement [Member] |  |  |  |  |  |
Business combination settled via cash, description |  |  |  |  | At the closing date, the estimated net working capital deficit of Allure was $801 in excess of the target net working capital as defined in the stock purchase agreement. As of the acquisition date, Allure also had accounts payable to Seller for outsourced services of $2,204. We agreed with the Seller to settle the estimated net working capital deficit through a reduction in the accounts payable to Seller as of the acquisition date and to further amend the Seller Note to include the remaining $1,403 accounts payable due from Allure to Seller. The Seller Note thereby increased from $900 per the Stock Purchase Agreement to $2,303 at the opening balance sheet. That debt is represented by our issuance to the Seller of a promissory note accruing interest at 3.5% per annum. |
[1] | The Stock Purchase Agreement contemplates additional consideration or $2,000 to be paid by us to Seller in the event that acquiree revenue exceeds $13,000, as defined in the underlying agreement. The fair value of the earnout liability was initially determined to be $250 at the time of acquisition but has since been adjusted to $0, resulting in a gain on reversal of earnout liability of $250 in the fourth quarter of 2019. We currently do not expect to owe any amount of additional consideration to Seller and no liability has been recorded in the Consolidated Financial Statements for this contingent liability as of December 31, 2019. We utilized a third-party valuation specialist to assist in evaluating this liability as of the opening balance sheet date. Should revenues from Allure customers exceed $13,000 during 2020, the $2,000 liability generated would be recorded through the Company's statement of operations.

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