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Acquisition (Details) (USD $)
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0 Months Ended |
4 Months Ended |
12 Months Ended |
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Sep. 10, 2014
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Dec. 31, 2014
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Dec. 31, 2014
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Dec. 31, 2013
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Sep. 10, 2014
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| Preliminary allocation of consideration |
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| Goodwill |
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$ 231,000 |
$ 231,000 |
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| Estimated life of intangible assets |
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4 years 3 months 18 days |
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| Developed technology |
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| Preliminary allocation of consideration |
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| Estimated life of intangible assets |
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4 years 4 months 24 days |
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| Non-competition agreement |
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| Preliminary allocation of consideration |
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| Estimated life of intangible assets |
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|
2 years |
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| Extra Vegetables Limited |
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| Acquisition |
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| Total Consideration |
900,000 |
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| Base purchase price |
700,000 |
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| Net working capital |
200,000 |
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| Preliminary allocation of consideration |
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| Cash |
265,000 |
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|
|
265,000 |
| Other assets acquired |
125,000 |
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|
|
125,000 |
| Intangible assets |
596,000 |
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|
|
596,000 |
| Goodwill |
211,000 |
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|
|
211,000 |
| Total assets acquired |
1,197,000 |
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|
|
1,197,000 |
| Taxes payable |
175,000 |
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|
|
175,000 |
| Deferred income tax liability |
132,000 |
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|
132,000 |
| Other liabilities assumed |
8,000 |
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|
|
8,000 |
| Total net assets acquired |
882,000 |
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|
882,000 |
| Business Combination - Revenues and other information |
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|
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| Revenue associated with Extra Vegetables |
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17,500 |
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| Net Income associated with Extra Vegetables |
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21,900 |
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| Acquisition related costs associated with Extra Vegetables |
|
80,000 |
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| Proforma information |
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| Revenue |
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|
149,898,000 |
129,794,000 |
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| Income from operations |
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9,576,000 |
5,753,000 |
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| Net income |
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|
8,724,000 |
4,128,000 |
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| Net income per share, basic |
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|
$ 0.37 |
$ 0.39 |
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| Net income per share, diluted |
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$ 0.34 |
$ 0.19 |
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| Extra Vegetables Limited | Income Approach Valuation Technique |
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| Preliminary allocation of consideration |
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| Discount rate used |
22.00% |
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| Extra Vegetables Limited | Developed technology |
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| Preliminary allocation of consideration |
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| Intangible assets |
574,000,000 |
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|
574,000,000 |
| Estimated life of intangible assets |
4 years |
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| Extra Vegetables Limited | Non-competition agreement |
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| Preliminary allocation of consideration |
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| Intangible assets |
$ 22,000,000 |
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|
$ 22,000,000 |
| Estimated life of intangible assets |
2 years |
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