Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
The following table summarizes the Company’s financial instruments that are not measured at fair value on a recurring basis by a fair value hierarchy as of March 31, 2015 and December 31, 2014: | | Carrying Value at | | Fair Value as of March 31, 2015, using, | | | | March 31, 2015 | | Level 1 | | Level 2 | | Level 3 | | Total | | Financial Assets | | | | | | | | | | | | | | | | | Cash | | $ | 1,185,943 | | $ | 1,185,943 | | $ | - | | $ | - | | $ | 1,185,943 | | Financial Liabilities | | | | | | | | | | | | | | | | | Borrowings under line of credit | | | 3,000,000 | | | - | | | 3,000,000 | | | - | | | 3,000,000 | | Notes payable - Other(1)
| | | 389,998 | | | - | | | - | | | 388,729 | | | 388,729 | |
| | Carrying Value at | | Fair Value as of December 31, 2014, using, | | | | December 31, 2014 | | Level 1 | | Level 2 | | Level 3 | | Total | | Financial Assets | | | | | | | | | | | | | | | | | Cash | | $ | 1,048,660 | | $ | 1,048,660 | | $ | - | | $ | - | | $ | 1,048,660 | | Financial Liabilities | | | | | | | | | | | | | | | | | Borrowings under line of credit | | | 1,215,000 | | | - | | | 1,215,000 | | | - | | | 1,215,000 | | Notes payable - Other(1)
| | | 645,180 | | | - | | | - | | | 644,974 | | | 644,974 |
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(1) Excludes note payable to the majority shareholder
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The following table summarizes the Company’s financial instruments that are not measured at fair value on a recurring basis by fair value hierarchy as of December 31, 2014 and December 31, 2013:
| | Carrying Value at | | Fair Value as of December 31, 2014, using, | | | | December 31, 2014 | | Level 1 | | Level 2 | | Level 3 | | Total | | Financial Assets | | | | | | | | | | | | | | | | | Cash | | $ | 1,048,660 | | $ | 1,048,660 | | $ | - | | $ | - | | $ | 1,048,660 | | Financial Liabilities | | | | | | | | | | | | | | | | | Borrowings under line of credit | | | 1,215,000 | | | - | | | 1,215,000 | | | - | | | 1,215,000 | | Notes payable - Other(1)
| | | 645,180 | | | - | | | - | | | 644,974 | | | 644,974 | |
| | Carrying Value at | | Fair Value as of December 31, 2013, using, | | | | December 31, 2013 | | Level 1 | | Level 2 | | Level 3 | | Total | | Financial Assets | | | | | | | | | | | | | | | | | Cash | | $ | 497,944 | | $ | 497,944 | | $ | - | | $ | - | | $ | 497,944 | | Financial Liabilities | | | | | | | | | | | | | | | | | Borrowings under line of credit | | | 1,015,000 | | | - | | | 1,015,000 | | | - | | | 1,015,000 | | Notes payable - Other(1)
| | | 1,341,691 | | | - | | | - | | | 1,349,308 | | | 1,349,308 | | Convertible note | | | 472,429 | | | - | | | - | | | 473,042 | | | 473,042 | | (1) Excludes note payable to the CEO.
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Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] |
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The following table presents the change in the estimated fair value of Company’s liability under notes payable other, measured using significant unobservable inputs (Level 3) for the years ended December 31, 2014 and 2013: | | 2014 | | 2013 | | Fair value measurement at beginning of year | | | 1,349,308 | | $ | 1,038,431 | | Promissory notes issued during the year | | | 565,280 | | | 1,225,000 | | Repayment of notes payable | | | (1,217,886) | | | (889,262) | | Changes in fair values | | | (51,728) | | | (24,861) | | Fair value measurement at end of year | | $ | 644,974 | | $ | 1,349,308 | |
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Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
Financial instruments measured at fair value on a recurring basis: | | FairValue Measurement at Reporting Date Using Significant Unobservable Outputs, Level 3 | | Balance - January 1, 2015 | | $ | 2,626,323 | | Change in fair value | | | (695,883) | | Balance - March 31, 2015 | | $ | 1,930,440 | |
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The following table provides a reconciliation of the beginning and ending balances for the contingent consideration measured at fair value using significant unobservable inputs (Level 3): | | Fair Value Measurement | | | | at Reporting Date Using | | | | Significant Unobservable | | | | Outputs, Level 3 | | Balance at December 31, 2013 | | $ | - | | Contingent consideration from 2014 acquisitions | | | 4,437,685 | | Change in fair value | | | (1,811,362) | | Balance at December 31, 2014 | | $ | 2,626,323 | |
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