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Business Combination, Goodwill and Intangibles (Tables)

12 Months Ended

Dec. 31, 2013

Changes in the carrying amount of the company's goodwill for the years ended December 31, 2013 and 2012 were as follows:



	2013		2012
Balance as of January 1,
Goodwill	$	3,472	$	1,153
Accumulated impairment losses	—		—
	3,472		1,153
Goodwill acquired during the year	—		2,319
Balance as of December 31,
Goodwill	3,472		3,472
Accumulated impairment losses	—		—
	$	3,472	$	3,472

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets

Intangible assets as of December 31, 2013 and 2012 consisted of the following:



	Estimated	As of December 31,
	useful lives	2013			2012
Tradename	7 years	$	435		$	435
Patents and technological know-how	10 years	2,070			2,070
Proprietary software	3 to 15 years	2,961			2,961
In-process research and development	Indefinite	—			159
Other	5 years	208			49
		5,674			5,674
Accumulated amortization		(1,964		)	(1,416		)
		$	3,710		$	4,258

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated future amortization expense of intangible assets is as follows:



Years ending December 31,
2014	$	559
2015	515
2016	477
2017	389
2018	374
Thereafter	1,396
	$	3,710

VCON Video Conferencing, Ltd. (VCON)

Business Acquisition

Schedule of Fair Value of Identified Assets and Liabilities Acquired and Goodwill

he fair value of identified assets and liabilities acquired and goodwill is as follows:



	Fair Value
Inventory	$	40
Property and equipment	34
Product warranty liability	(8		)
Proprietary software	2,247
Goodwill	2,319
	$	4,632

Business Acquisition, Pro Forma Information

Revenue and earnings of the combined entity for the years ended December 31, 2013 and 2012 calculated as though the business combination occurred prior to the year ended December 31, 2012, were as follows:



	Year ended December 31,
	2013		2012
Revenue	$	49,592	$	46,630
Net income	5,179		26,603