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Note 10 - Business Combination (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

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

(in thousands)		Consideration
Cash consideration for Reflect stock (1)		$	16,664
Cash consideration for Retention Bonus Plan (2)			1,334
Common stock issued to Reflect shareholders (3)			4,667
Common stock issued to Retention Bonus Plan (4)			333
Secured Promissory Note (5)			2,500
Earnout liability (6)			10,862
Total consideration			36,360
Vendor deposit with the Company (7)			(818	)
Cash acquired (8)			(812	)
Net consideration transferred		$	34,730

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

(in thousands)		Total
Accounts receivable		$	1,359
Inventory			190
Prepaid expenses & other current assets			666
Property and equipment			96
Operating right of use assets			493
Other assets			36
Identified intangible assets:
Definite-lived trade names			960
Definite-lived developed technology			5,130
Definite-lived customer relationships			11,040
Definite-lived noncompete agreements			30
Goodwill			18,935
Accounts payable			(104	)
Accrued expenses			(483	)
Customer deposits			(1,661	)
Deferred revenues			(1,259	)
Current maturities of operating leases			(277	)
Long-term obligations under operating leases			(216	)
Other liabilities			(205	)
Net consideration transferred		$	34,730

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

					Amortization
(in thousands)		Valuation			Period
Identifiable definite-lived intangible assets:
Trade names		$	960		5 years
Developed technology			5,130		10 years
Noncompete			30		2 years
Customer relationships			11,040		10 years
Total		$	17,160

Business Acquisition, Pro Forma Information [Table Text Block]

(in thousands, except earnings per common share)		2021
Net sales		$	30,680
Net income		$	799
Earnings per common share		$	0.06

		Year
		Ended
		December 31,
Reflect Systems, Inc. (in thousands)		2021
Net sales		$	12,243
Net (loss) income		$	567

X

- Definition

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