Subsequent Events (Details) (USD $)
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3 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | ||||||||
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Mar. 31, 2013
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Mar. 31, 2014
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Dec. 31, 2013
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Apr. 02, 2014
Subsequent Event
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Apr. 09, 2014
Subsequent Event
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Dec. 20, 2013
AirPatrol Corporation [Member]
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Aug. 31, 2013
AirPatrol Corporation [Member]
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Apr. 18, 2014
AirPatrol Corporation [Member]
Subsequent Event
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Apr. 09, 2014
Sold by Company
Subsequent Event
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Apr. 09, 2014
Sold by Selling Stockholder
Subsequent Event
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Apr. 09, 2014
Purchased by Underwriters
Subsequent Event
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Apr. 09, 2014
Underwriter [Member]
Subsequent Event
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Subsequent Event [Line Items] | ||||||||||||
Common stock issuance | 3,166,666 | 166,667 | 3,333,333 | |||||||||
Common stock sale price per share | $ 6.00 | $ 6.00 | $ 6.00 | |||||||||
Common stock issuance par value per share | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |||||||
Additional shares of common stock to cover over allotment | 500,000 | |||||||||||
Consideration received on stock issuance after deducting underwriting discounts and commissions | $ 17,700,000 | |||||||||||
Total consideration to be received if over allotment option exercised | 20,500,000 | |||||||||||
Percentage of business acquisition | 100.00% | 100.00% | ||||||||||
Purchase price allocation, cash | 10,000,000 | |||||||||||
Cash paid for purchase of Company | 3,000,000 | 8,500,000 | ||||||||||
Shares issued for acquisition inclusive of shares to be held in escrow | 2,000,000 | |||||||||||
Shares held in escrow | 800,000 | 800,000 | ||||||||||
Business acquisition, earnout description | AirPatrol Net Income meets or exceeds $3,500,000, the Company shall pay to the AirPatrol shareholders an earnout payment equal to (i) AirPatrol Net Income, divided by $5,000,000, times (ii) $10,000,000, provided that the total earnout payment shall not exceed $10,000,000. | |||||||||||
Business acquisition, description | At the closing, the Company (i) paid or initiated actions to pay a total of $8,466,258 to various former stockholders, former noteholders, former directors, professional service firms and continuing officers, (ii) issued a total of 1,042,809 shares of its common stock to former stockholders, directors, and continuing officers of AirPatrol, and to the investment banking firm of AGC Partners, LLC, and (iii) issued 800,000 shares of its common stock into a holdback escrow. A working capital adjustment applied at closing reduced cash consideration by approximately $486,000 and reduced stock merger consideration by 157,192 shares. | |||||||||||
Net income of AirPatrol required to reach maximum earnout | 3,500,000 | |||||||||||
Business combination, total working capital adjustment | 1,270,000 | |||||||||||
Business conbination, working capital adjustment to cash issued | 486,000 | |||||||||||
Business conbination, working capital adjustment to shares issued | 157,192 | |||||||||||
Business conbination, value of working capital adjustment to shares issued | 786,000 | |||||||||||
Payments to former stockholders, noteholders, directors and for professional services out of business combination proceeds | 8,466,258 | |||||||||||
Shares issued for business combination | 1,042,809 | |||||||||||
Amount deducted from consideration in conjunction with repayment of AirPatrol's indebtedness | 1,047,781 | |||||||||||
Note payable repaid with acquisition, principal | 1,000,000 | |||||||||||
Note payable repaid with acquisition, interest | 47,781 | |||||||||||
Other expense | 87,000 | |||||||||||
Acquisition options granted - pre split shares | 600,000 | |||||||||||
Acquisition options granted, post split shares | 300,000 | |||||||||||
Common stock issued for services, Shares | 16,731 | |||||||||||
Options granted to employees | 110,000 | |||||||||||
Vesting schedule of option grants | 4 years | |||||||||||
Exercise price of option granted | $ 5.20 | $ 5.46 | ||||||||||
Fair value of stock options award | 261,000 | |||||||||||
Fair value of common stock granted | $ 5.20 | |||||||||||
Exercise period of option granted | 10 years | |||||||||||
Secured promissory note | $ 1,000,000 |