Wireless Telecom (WTT) 10-Q 16 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 05, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	WIRELESS TELECOM GROUP INC
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		18,593,013
Amendment Flag	false
Entity Central Index Key	878,828
Entity Filer Category	Smaller Reporting Company
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 9,771,590	$ 9,726,007
Accounts receivable - net of allowance for doubtful accounts of $70,152 and $105,568 for 2016 and 2015, respectively	4,495,425	5,451,161
Inventories - net of reserves of $1,174,721 and $1,110,288, respectively	8,799,876	8,068,728
Prepaid expenses and other current assets	490,186	586,889
TOTAL CURRENT ASSETS	23,557,077	23,832,785
PROPERTY, PLANT AND EQUIPMENT - NET	1,743,408	1,742,888
OTHER ASSETS:
Goodwill	1,351,392	1,351,392
Deferred income taxes	7,399,857	7,013,929
Other assets	751,171	765,330
TOTAL OTHER ASSETS	9,502,420	9,130,651
TOTAL ASSETS	34,802,905	34,706,324
CURRENT LIABILITIES:
Accounts payable	1,684,572	1,046,651
Accrued expenses and other current liabilities	641,375	648,010
Equipment leases payable	71,081	73,760
TOTAL CURRENT LIABILITIES	2,397,028	1,768,421
LONG TERM LIABILITIES:
Deferred rent	$ 44,602	$ 33,452
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Preferred stock, $.01 par value, 2,000,000 shares authorized, none issued
Common stock, $.01 par value, 75,000,000 shares authorized, 29,627,891 shares issued, 18,593,013 and 18,636,008 shares outstanding, respectively	$ 296,279	$ 296,279
Additional paid-in-capital	39,963,950	39,865,331
Retained earnings	12,924,526	13,500,853
Treasury stock at cost, 11,034,878 and 10,991,883 shares, respectively	(20,823,480)	(20,758,012)
TOTAL SHAREHOLDERS’ EQUITY	32,361,275	32,904,451
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 34,802,905	$ 34,706,324

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Allowance for doubtful accounts (in Dollars)	$ 70,152	$ 105,568
Inventories, net of reserves (in Dollars)	$ 1,174,721	$ 1,110,288
Preferred stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	29,627,891	29,627,891
Common stock, shares outstanding	18,593,013	18,636,008
Treasury stock, shares	11,034,878	10,991,883

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
NET SALES	$ 6,368,415	$ 8,627,691
COST OF SALES	3,648,301	4,764,044
GROSS PROFIT	2,720,114	3,863,647
OPERATING EXPENSES
Research and development	1,064,321	916,436
Sales and marketing	1,251,176	1,345,405
General and administrative	1,325,268	1,263,081
TOTAL OPERATING EXPENSES	3,640,765	3,524,922
OPERATING INCOME (LOSS)	(920,651)	338,725
OTHER EXPENSE (INCOME) - NET	41,604	(3,267)
NET INCOME (LOSS) BEFORE INCOME TAXES	(962,255)	341,992
PROVISION (BENEFIT) FOR INCOME TAXES	(385,928)	148,139
NET INCOME (LOSS)	$ (576,327)	$ 193,853
INCOME (LOSS) PER COMMON SHARE:
BASIC (in Dollars per share)	$ (0.03)	$ 0.01
DILUTED (in Dollars per share)	$ (0.03)	$ 0.01

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS PROVIDED BY OPERATING ACTIVITIES
Net income (loss)		$ (576,327)	$ 193,853
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		115,858	109,184
Share-based compensation expense		98,619	85,963
Deferred rent		11,150
Deferred income taxes		(385,928)	102,224
Provision for doubtful accounts		(35,416)	9,168
Inventory reserves		64,433
Changes in assets and liabilities:
Accounts receivable		991,152	(901,132)
Inventories		(795,581)	(212,320)
Prepaid expenses and other assets		110,862	451,037
Accounts payable		637,921	577,619
Accrued expenses and other current liabilities		(9,129)	(138,503)
Net cash provided by operating activities		227,614	277,093
CASH FLOWS (USED) BY INVESTING ACTIVITIES
Capital expenditures	[1]	(74,474)	(246,836)
CASH FLOWS (USED) BY FINANCING ACTIVITIES
Repayments of equipment lease payable		(42,089)	(48,499)
Repurchase of common stock - 42,995 shares		(65,468)
Net cash (used by) financing activities		(107,557)	(48,499)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		45,583	(18,242)
Cash and cash equivalents, at beginning of period		9,726,007	10,723,513
CASH AND CASH EQUIVALENTS, AT END OF PERIOD		9,771,590	10,705,271
SUPPLEMENTAL INFORMATION:
Cash paid during the period for income taxes		3,723	$ 37,638
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Capital expenditures		(41,904)
Equipment lease payable		$ 41,904
[1]	Net of equipment lease payable of $41,904 (network solutions) for the three-months ended March 31, 2016.

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parentheticals)	3 Months Ended
	Mar. 31, 2016shares
Common stock repurchase, shares	42,995

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - 3 months ended Mar. 31, 2016 - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balances at Dec. 31, 2015	$ 296,279	$ 39,865,331	$ 13,500,853	$ (20,758,012)	$ 32,904,451
Balances, Shares (in Shares) at Dec. 31, 2015	29,627,891				18,636,008
Net (loss)			(576,327)		$ (576,327)
Share-based compensation expense		98,619			98,619
Repurchase of treasury stock				(65,468)	(65,468)
Balances at Mar. 31, 2016	$ 296,279	$ 39,963,950	$ 12,924,526	$ (20,823,480)	$ 32,361,275
Balances, Shares (in Shares) at Mar. 31, 2016	29,627,891				18,593,013

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND POLICIES	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND POLICIES The condensed consolidated balance sheet as of March 31, 2016, the condensed consolidated statements of operations and cash flows for the three-month periods ended March 31, 2016 and 2015, and the condensed consolidated statement of shareholders’ equity for the three-month period ended March 31, 2016 have been prepared by the Company (as defined below) without audit. The condensed consolidated financial statements include the accounts of Wireless Telecom Group, Inc., which operates one of its product lines under the trade name Noisecom, Inc. (“Noisecom”), and its wholly-owned subsidiaries Boonton Electronics Corporation (“Boonton”), Microlab/FXR (“Microlab”), WTG Foreign Sales Corporation and NC Mahwah, Inc., which are collectively referred to herein as, the “Company”. All intercompany transactions and balances have been eliminated in consolidation. In the opinion of management, the accompanying condensed consolidated financial statements referred to above contain all necessary adjustments, consisting of normal accruals and recurring entries, which are necessary to fairly present the Company’s results for the interim periods being presented. The accounting policies followed by the Company are set forth in Note 1 to the Company’s financial statements included in its annual report on Form 10-K for the year ended December 31, 2015. Specific reference is made to that report since certain information and footnote disclosures normally included in financial statements in accordance with accounting principles generally accepted in the United States of America (US GAAP) have been condensed or omitted from this report. The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities (including inventory valuation, accounts receivable valuation, valuation of deferred tax assets, estimated fair values of stock options and vesting periods of performance-based stock options and restricted stock) and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of net sales and expenses during the reporting period. Actual results could differ from those estimates. The results of operations for the three-month period ended March 31, 2016 are not necessarily indicative of the results to be expected for the full year ending December 31, 2016. Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains significant cash investments primarily with two financial institutions, which at times may exceed federally insured limits. The Company performs periodic evaluations of the relative credit rating of these institutions as part of its investment strategy. The Company has limited concentration of credit risk in accounts receivable due to the large number of entities comprising our customer base and their dispersion across many different industries and geographies. Credit evaluations are performed on customers requiring credit over a certain amount. Credit risk is mitigated to a lesser extent through collateral such as letters of credit, bank guarantees or payment terms like cash in advance. Credit evaluation is performed independent of the Company’s sales team to ensure segregation of duties. For the three-months ended March 31, 2016, one customer accounted for approximately 10% of the Company’s consolidated sales. For the three-months ended March 31, 2015, no customer accounted for 10% or more of the Company’s consolidated sales. At March 31, 2016 and December 31, 2015, no customer represented 10% or more of the Company’s gross accounts receivable. The carrying amounts of cash and cash equivalents, trade receivables, other current assets and liabilities approximate fair value due to the short-term nature of these instruments. The Company considers all highly liquid investments purchased with maturities of three months or less at the time of purchase to be cash equivalents. Cash and cash equivalents consist of bank and money market accounts. Management has evaluated subsequent events and determined that there were no subsequent events or transactions requiring recognition or disclosure in the condensed consolidated financial statements through the date the financial statements were issued.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2016
Accounting Changes and Error Corrections [Abstract]
Accounting Changes and Error Corrections [Text Block]	NOTE 2 – RECENT ACCOUNTING PRONOUNCEMENTS In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-09, “ Compensation - Stock Compensation: Improvements to Employee Share-Based Payment Accounting,” In February 2016, the FASB issued ASU 2016-02 “Leases”, During the fourth quarter of 2015, the Company adopted ASU 2015-17, “ Balance Sheet Classification of Deferred Taxes,” In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory.” In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material impact on the accompanying condensed consolidated financial statements.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 3 – INCOME TAXES The Company records deferred taxes in accordance with Accounting Standards Codification (“ASC”) 740, “ Accounting for Income Taxes The Company had a domestic net operating loss carryforward at March 31, 2016 of approximately $17,900,000 which expires in 2029. The Company also had a German net operating loss carryforward at March 31, 2016 of approximately $23,400,000. Realization of the Company’s deferred tax assets is dependent upon the Company generating sufficient taxable income in the appropriate tax jurisdictions in future years to obtain benefit from the reversal of net deductible temporary differences and from utilization of net operating losses. The Company’s valuation allowance of $7,012,134 is associated with the Company’s German net operating loss carryforward from an inactive German entity. The amount of deferred tax assets considered realizable is subject to adjustment in future periods if estimates of future taxable income are changed. As of March 31, 2016, management believed that it is more likely than not that the Company will fully realize the benefits of its deferred tax asset associated with its domestic net operating loss carryforward. The deferred income tax assets (liabilities) are summarized as follows: March 31, December 31, 2016 2015 Net deferred tax asset: Uniform capitalization of inventory costs for tax purposes $ 172,752 $ 158,599 Reserves on inventories 469,888 444,115 Accruals 30,000 10,000 Tax effect of goodwill (515,782 ) (507,524 ) Book depreciation over tax (49,488 ) (43,514 ) Other timing differences 148,087 105,725 Net operating loss carryforward 14,156,534 13,858,662 14,411,991 14,026,063 Valuation allowance for deferred tax assets (7,012,134 ) (7,012,134 ) $ 7,399,857 $ 7,013,929 Under ASC 740, the Company must recognize the tax benefit from an uncertain position only if it is more-likely-than-not the tax position will be sustained on examination by the taxing authority, based on the technical merits of the position. The tax benefits recognized in the financial statements attributable to such position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon the ultimate resolution of the position. The components of income tax expense (benefit) related to income from operations are as follows: Three Months Ended March 31, 2016 2015 Current: Federal $ — $ 14,631 State — 31,284 Deferred: Federal (336,915 ) 93,275 State (49,013 ) 8,949 $ (385,928 ) $ 148,139 The Company has analyzed its filing positions in all of the Federal and state jurisdictions where it is required to file income tax returns. As of March 31, 2016 and December 31, 2015, the Company identified its Federal tax return and its state tax return in New Jersey as “major” tax jurisdictions, as defined, in which it is required to file income tax returns. Based on the evaluations noted above, the Company concluded that there were no significant uncertain tax positions requiring recognition or disclosure in its condensed consolidated financial statements.

INCOME (LOSS) PER COMMON SHARE

INCOME (LOSS) PER COMMON SHARE	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 4 – INCOME (LOSS) PER COMMON SHARE Basic earnings (loss) per share is calculated by dividing income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share are calculated by using the weighted average number of shares of common stock outstanding and, when dilutive, potential shares from stock options and warrants to purchase common stock, using the treasury stock method. Three Months Ended 2016 2015 Weighted average common shares outstanding 18,606,582 19,496,455 Potentially dilutive stock options 407,144 1,180,154 Weighted average common shares outstanding, assuming dilution 19,013,726 20,676,609 Common stock options are included in the diluted earnings (loss) per share calculation when the various option exercise prices are less than their relative average market price during the periods presented in this quarterly report. The weighted average number of shares of common stock underlying options not included in diluted earnings (loss) per share, because the effects are anti-dilutive, was 2,080,857 and 1,393,446 for the three-months ended March 31, 2016 and 2015, respectively.

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	NOTE 5 – INVENTORIES Inventory carrying value is net of inventory reserves of $1,174,721 and $1,110,288 at March 31, 2016 and December 31, 2015, respectively. March 31, December 31, 2016 2015 Inventories consist of: Raw materials $ 4,210,346 $ 3,993,052 Work-in-process 877,098 628,140 Finished goods 3,712,432 3,447,536 $ 8,799,876 $ 8,068,728

GOODWILL

GOODWILL	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 6 – GOODWILL Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in a purchase business combination. Goodwill is not amortized but rather is reviewed for impairment at least annually or more frequently if a triggering event occurs. Management first makes a qualitative assessment of whether it is more-likely-than-not that a reporting unit’s fair value is less than its carrying amount before applying the two-step goodwill impairment test described below. If, based on the qualitative assessment, the estimated fair value is well in excess of its carrying amount, management will not perform a quantitative assessment. If, however, the conclusion is that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, management then performs a two-step goodwill impairment test. Under the first step, the fair value of the reporting unit is compared with its carrying value, and, if an indication of goodwill impairment exists for the reporting unit, the Company must perform step two of the impairment test (measurement). Under step two, an impairment loss is recognized for any excess of the carrying amount of the reporting unit’s goodwill as determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation. The residual fair value after this allocation is the implied fair value of the reporting unit’s goodwill. The Company’s goodwill balance of $1,351,392 at March 31, 2016 and December 31, 2015 related to one of the Company’s reporting units, Microlab. Management’s qualitative assessment performed in the fourth quarter of 2015 did not indicate any impairment of Microlab’s goodwill as its fair value was estimated to be in excess of its carrying value. Furthermore, no events have occurred since then that would change this assessment.

ACCOUNTING FOR SHARE BASED COMP

ACCOUNTING FOR SHARE BASED COMPENSATION	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 7 – ACCOUNTING FOR SHARE BASED COMPENSATION The Company follows the provisions of ASC 718, “ Share-Based Payment. Incentive Compensation Plan: In 2012, the Company’s Board of Directors and shareholders approved the 2012 Incentive Compensation Plan (the “Initial 2012 Plan”), which provides for the grant of restricted stock awards, non-qualified stock options and incentive stock options in compliance with the Internal Revenue Code of 1986, as amended, to employees, officers, directors, consultants and advisors of the Company who are expected to contribute to the Company’s future growth and success. When originally approved, the Initial 2012 Plan provided for the grant of awards relating to 2,000,000 shares of common stock, plus those shares still available under the Company’s prior incentive compensation plan. In June 2014, the Company’s shareholders approved the Amended and Restated 2012 Incentive Compensation Plan (the “2012 Plan”) allowing for an additional 1,658,045 shares of the Company’s common stock to be available for future grants under the 2012 Plan. As of March 31, 2016, there were 2,238,500 shares available for issuance under the 2012 Plan, including those shares available under the Company’s prior incentive compensation plan as of such date. All service-based options granted have ten-year terms from the date of grant and vest annually and become fully exercisable after a maximum of five years. Performance-based options granted have ten-year terms and vest and become fully exercisable when determinable performance targets are achieved. Performance targets are agreed to, and approved by, the Company’s Board of Directors or the Compensation Committee of the Board of Directors. Provisions of the 2012 Plan require that all awards that are stock options be made at exercise prices equal to or greater than the fair market value on the date of the grant. The Company did not grant stock option awards during either of the three-month periods ended March 31, 2016 and 2015. The following summarizes the components of share-based compensation expense by equity type for the three-months ended March 31: Three Months Ended 2016 2015 Service-based Restricted Common Stock $ 55,500 $ 49,800 Performance-based Stock Options 28,650 30,035 Service-based Stock Options 9,116 — Performance-based Restricted Common Stock 5,353 6,128 Total Share-Based Compensation Expense $ 98,619 $ 85,963 Stock-based compensation for the three-months ended March 31, 2016 and 2015 is included in general and administrative expenses in the accompanying condensed consolidated statement of operations. Restricted Common Stock Awards: In June 2015, the Company granted 100,000 shares of restricted common stock to certain non-employee directors of the Company under the 2012 Plan. The shares were granted at a price of $2.22 per share and will fully vest on the date of the Company’s next annual shareholders meeting to be held in June 2016, or a vesting period of approximately one year, provided that the director’s service continues through the vesting date. The total compensation expense to be recognized over the vesting period is $222,000. A summary of the status of the Company’s non-vested restricted common stock, as granted under the Company’s approved equity compensation plans, as of March 31, 2016, and changes during the three-months ended March 31, 2016, are presented below: Weighted Average Non-vested Restricted Shares Number of Shares Grant Date Fair Value Non-vested at January 1, 2016 187,000 $ 2.01 Granted — — Forfeited — — Vested — — Non-vested at March 31, 2016 187,000 $ 2.01 Under the terms of the performance-based restricted common stock award agreements pertaining to the 87,000 shares of restricted stock granted to employees in 2013, the awards will fully vest and become exercisable on the date on which the Company’s Board of Directors shall have determined that specific financial milestones have been met, provided the employee remains in the employ of the Company at such time; provided, however, upon a Change in Control (as defined in the award agreements and the 2012 Plan), the restricted stock shall automatically vest as permitted by the 2012 Plan. For the performance-based restricted stock awarded in 2013, the Company’s Board of Directors adopted specific revenue and earnings performance targets as vesting conditions. During the first quarter of 2015, management determined the performance conditions related to these restricted stock awards are probable to be achieved by the year ending 2020. As a result, the Company adjusted the amortization of the fair market value of these awards over the revised implicit service period from December 2017 to December 2020. If management determines in future periods the achievement of performance conditions are probable to occur sooner than expected, the Company will accelerate the expensing of the unamortized balance as of that determination date. As of March 31, 2016, the unearned compensation related to Company granted restricted common stock was $157,211 of which $55,500 (pertaining to 100,000 service-based restricted common stock awards) will be amortized on a straight-line basis through the date of the Company’s next annual shareholders meeting scheduled to be held in June 2016, the vesting date. The remaining balance of $101,711 (pertaining to 87,000 performance-based shares of restricted common stock awarded in 2013) will be amortized on a straight-line basis through December 31, 2020, the revised implicit service period. Performance-Based Stock Option Awards: A summary of performance-based stock option activity, and related information for the three-months ended March 31, 2016 follows: Weighted Average Options Exercise Price Outstanding, January 1, 2016 1,965,000 $ 1.32 Granted — — Exercised — — Forfeited — — Expired — — Outstanding, March 31, 2016 1,965,000 $ 1.32 Options exercisable: March 31, 2016 1,090,000 $ 0.96 The aggregate intrinsic value of performance-based stock options outstanding (regardless of whether or not such options are exercisable) as of March 31, 2016 and December 31, 2015 was $432,350 and $846,350, respectively. The aggregate intrinsic value of performance-based stock options exercisable as of March 31, 2016 and December 31, 2015 was $432,350 and $846,350, respectively. On September 8, 2015, the Company granted performance-based stock options to a non-executive officer employee to acquire 50,000 shares of common stock at an exercise price of $1.83 per share, which represented the closing price of the Company’s common stock as reported on the NYSE MKT on September 8, 2015, the date of grant. The per share fair-value of these performance-based options was $1.03. The per share fair-value was estimated on the date of grant using the Black-Scholes option pricing method and included the following range of assumptions: dividend yield 0%, risk-free interest rate of 1.53% and expected option life of 4 years. Volatility assumption was 75.46% and the forfeiture rate was assumed to be 0%. Under the terms of the performance-based stock option agreements, the awards will fully vest and become exercisable on the date on which the Company’s Board of Directors shall have determined that specific financial performance milestones have been met, provided the employee remains in the employ of the Company at such time; provided, however, upon a Change in Control (as defined in the stock option agreements and the 2012 Plan), the stock options shall automatically vest as permitted by the 2012 Plan. During the first quarter of 2015, management determined the performance conditions related to the stock option awards granted in 2013 and grants made subsequent thereto (but on or prior to the date of determination) are probable to be achieved by the year ending 2020. As a result, the Company adjusted the amortization of the fair market value of these awards over the revised implicit service period from December 2017 to December 2020. If management determines in future periods the achievement of performance conditions are probable to occur sooner than expected, the Company will accelerate the expensing of the unamortized balance as of that determination date. As of March 31, 2016, the unearned compensation related to the 825,000 performance-based stock options granted in August 2013 (with a weighted average per share exercise price of $1.77) and the 50,000 performance-based stock options granted in September 2015 (with a weighted average per share exercise price of $1.83) is $497,729 and $46,620, respectively, which have been, and are expected to be, amortized on a straight-line basis through December 31, 2020, the implicit service period. The Company’s performance-based stock options granted prior to 2013 (consisting of 1,090,000 options) are fully amortized. Service-Based Stock Option Awards: A summary of service-based stock option activity, and related information for the three-months ended March 31, 2016 follows: Weighted Average Options Exercise Price Outstanding, January 1, 2016 523,000 $ 2.23 Granted — — Exercised — — Forfeited — — Expired — — Outstanding, March 31, 2016 523,000 $ 2.23 Options exercisable: March 31, 2016 390,083 $ 2.54 The aggregate intrinsic value of service-based stock options (regardless of whether or not such options are exercisable) as of March 31, 2016 and December 31, 2015 was $2,900 and $0, respectively. On November 19, 2015, the Company granted to the members of the Company’s Strategic Planning and Operating Committee service-based stock options to acquire 145,000 shares of common stock at an exercise price of $1.30 per share, which represented the closing price of the Company’s common stock as reported on the NYSE MKT on November 19, 2015, the date of grant. The per share fair-value of these service-based options was $0.75. The per share fair-value was estimated on the date of grant using the Black-Scholes option pricing method and included the following range of assumptions: dividend yield 0%, risk-free interest rate of 1.68% and expected option life of 4 years. The volatility assumption was 78.22% and the forfeiture rate was assumed to be 0%. Under the terms of the service-based stock option agreements relating to the November 19, 2015 stock option grants, the awards vest in twelve equal quarterly installments over a period of three years and shall be fully vested on November 19, 2018. As of March 31, 2016, the unearned compensation related to the 145,000 service-based stock options granted in November 2015 (with a weighted average per share exercise price of $1.30) was $100,270, which will be amortized on a straight-line basis over the service period through November 2018. At March 31, 2016, the Company’s service-based stock options granted prior to November 2015 were fully amortized.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 8 – SEGMENT INFORMATION The operating businesses of the Company are segregated into two reportable segments: (i) network solutions; and (ii) test and measurement. The network solutions segment is comprised primarily of the operations of Wireless Telecom Group Inc.’s subsidiary, Microlab. The test and measurement segment is comprised primarily of the Company’s operations of the Noisecom product line and the operations of its subsidiary, Boonton. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. The Company allocates resources and evaluates the performance of segments based on income or loss from operations, excluding interest, corporate expenses and other income (expenses). Financial information by reportable segment for the three-months ended March 31, 2016 and 2015 is set forth below: Three Months Ended 2016 2015 Net sales by segment: Network solutions $ 4,213,314 $ 5,895,159 Test and measurement 2,155,101 2,732,532 Total consolidated net sales of reportable segments $ 6,368,415 $ 8,627,691 Segment income (loss): Network solutions $ 339,926 $ 971,391 Test and measurement (312,447 ) 216,464 Income (loss) from reportable segments 27,479 1,187,855 Other unallocated amounts: Corporate expenses (948,130 ) (849,130 ) Other (expense) income - net (41,604 ) 3,267 Consolidated income (loss) before income tax provision (benefit) $ (962,255 ) $ 341,992 Depreciation and amortization by segment: Network solutions $ 55,747 $ 51,061 Test and measurement 60,111 58,123 Total depreciation and amortization for reportable segments $ 115,858 $ 109,184 Capital expenditures by segment (a): Network solutions $ 55,230 $ 144,757 Test and measurement 19,244 102,079 Total consolidated capital expenditures by reportable segment $ 74,474 $ 246,836 (a) Net of equipment lease payable of $41,904 (network solutions) for the three-months ended March 31, 2016. Financial information by reportable segment as of March 31, 2016 and December 31, 2015: 2016 2015 Total assets by segment: Network solutions $ 10,498,204 $ 10,638,961 Test and measurement 6,955,414 7,153,310 Total assets for reportable segments 17,453,618 17,792,271 Corporate assets, principally cash and cash equivalents and deferred and current taxes 17,349,287 16,914,053 Total consolidated assets $ 34,802,905 $ 34,706,324 Consolidated net sales by region were as follows: Three Months Ended Sales by region 2016 2015 Americas $ 5,065,636 $ 6,466,636 Europe, Middle East, Africa (EMEA) 948,357 1,735,842 Asia Pacific (APAC) 354,422 425,213 Total Sales $ 6,368,415 $ 8,627,691 Net sales are attributable to a geographic area based on the destination of the product shipment. The majority of shipments in the Americas are to customers located within the United States. For the three-months ended March 31, 2016 and 2015, sales in the United States for all reportable segments amounted to $4,772,171 and $5,792,473, respectively. For the three-months ended March 31, 2016, shipments to the EMEA region were largely concentrated in Germany. Sales to Germany for all reportable segments amounted to $236,400 of all shipments to the EMEA region. For the three-months ended March 31, 2015, shipments to the EMEA region were largely concentrated in two countries, Israel and Germany. Sales to Israel and Germany for all reportable segments amounted to $543,394 and $466,844, respectively, of all shipments to the EMEA region. During the three-months ended March 31, 2016, the Company shipped lower volumes of its passive components into a program within the EMEA region, as compared to the same period in 2015, resulting in a decline in sales to the EMEA region. Shipments to the APAC region were largely concentrated in China. For the three-months ended March 31, 2016 and 2015, sales in China for all reportable segments amounted to $187,171 and $268,582, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 9 – COMMITMENTS AND CONTINGENCIES Warranties: The Company typically provides one-year warranties on all of its products covering both parts and labor. The Company, at its option, repairs or replaces products that are defective during the warranty period if the proper preventive maintenance procedures have been followed by its customers. Historically, the Company’s warranty expense has been minimal. Leases: In May 2015, the Company and its landlord entered into an amendment to the existing lease agreement to remain at its principal corporate headquarters in Hanover Township, Parsippany, New Jersey through March 31, 2023. Monthly lease payments range from approximately $33,000 in year one to approximately $41,000 in year eight. Additionally, the Company has available an allowance of approximately $300,000 towards alterations and improvements to the premises through November 30, 2016. The lease can be renewed at the Company’s option for one five-year period at fair market value to be determined at term expiration. The following is a summary of the Company’s contractual obligations as of March 31, 2016: Table of Contractual Obligations Payments by Period Less than More than Total 1 Year 1-3 Years 4-5- Years 5 Years Facility Leases $ 3,155,948 $ 411,871 $ 1,311,244 $ 941,037 $ 491,796 Operating and Equipment Leases 170,067 63,776 106,291 — — $ 3,326,015 $ 475,647 $ 1,417,535 $ 941,037 $ 491,796 Environmental Contingencies: In 1982, the Company and the New Jersey Department of Environmental Protection (the “NJDEP”) agreed upon a plan to correct ground water contamination at a site, formerly leased by Boonton, located in the Township of Parsippany-Troy Hills, pursuant to which wells have been installed by the Company. The plan contemplates that the wells will be operated and that soil and water samples will be taken and analyzed until such time that contamination levels are satisfactory to the NJDEP. In 2014, the Company received approval for a groundwater permit from the NJDEP to carry out the final Remedial Action Work Plan and report. Under the final phase of the Remedial Action Work Plan, there will be limited and reduced monitoring and testing as long as concentrations at the site continue on a decreasing trend. While management anticipates that the expenditures in connection with this site will not be substantial in future years, the Company could be subject to significant future liabilities and may incur significant future expenditures if further contaminants from Boonton’s testing are identified and the NJDEP requires additional remediation activities. Management is unable to estimate future remediation costs, if any, at this time. The Company will continue to be liable under the plan, in all future years, until such time as the NJDEP releases it from all obligations applicable thereto. At this time, the Company believes that it is in material compliance with all environmental laws, does not anticipate any material expenditure to meet current or pending environmental requirements, and generally believes that its processes and products do not present any unusual environmental concerns. Besides the matter referred to above with the NJDEP, the Company is unaware of any existing, pending or threatened contingent liability that may have a material adverse effect on its ongoing business operations. Line of Credit: The Company maintains a line of credit with a bank. The credit facility provides borrowing availability of up to 100% of the Company’s money market account balance and 99% of the Company’s short-term investment securities (U.S. Treasury bills) and, under the terms and conditions of the loan agreement, the facility is fully secured by the Company’s money fund account and short-term investment holdings held with the bank. Advances under the facility will bear interest at a variable rate equal to the London InterBank Offered Rate (“LIBOR”) in effect at the time of borrowing. Additionally, under the terms and conditions of the loan agreement, there is no annual fee and any amount outstanding under the loan facility may be paid at any time in whole or in part without penalty. As of March 31, 2016, the Company had no borrowings outstanding under the facility and approximately $4,500,000 of borrowing availability. The Company has no current plans to borrow from this credit facility as it believes its present cash balances will adequately meet near-term working capital requirements. Risks and Uncertainties: Proprietary information and know-how are important to the Company’s commercial success. There can be no assurance that others will not either develop independently the same or similar information or obtain and use proprietary information of the Company. Certain key employees have signed confidentiality and non-compete agreements regarding the Company’s proprietary information. The Company believes that its products do not infringe the proprietary rights of third parties. There can be no assurance, however, that third parties will not assert infringement claims in the future.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-09, “ Compensation - Stock Compensation: Improvements to Employee Share-Based Payment Accounting,” In February 2016, the FASB issued ASU 2016-02 “Leases”, During the fourth quarter of 2015, the Company adopted ASU 2015-17, “ Balance Sheet Classification of Deferred Taxes,” In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory.” In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material impact on the accompanying condensed consolidated financial statements.
Income Tax, Policy [Policy Text Block]	The Company records deferred taxes in accordance with Accounting Standards Codification (“ASC”) 740, “ Accounting for Income Taxes
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	The Company follows the provisions of ASC 718, “ Share-Based Payment.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The deferred income tax assets (liabilities) are summarized as follows: March 31, December 31, 2016 2015 Net deferred tax asset: Uniform capitalization of inventory costs for tax purposes $ 172,752 $ 158,599 Reserves on inventories 469,888 444,115 Accruals 30,000 10,000 Tax effect of goodwill (515,782 ) (507,524 ) Book depreciation over tax (49,488 ) (43,514 ) Other timing differences 148,087 105,725 Net operating loss carryforward 14,156,534 13,858,662 14,411,991 14,026,063 Valuation allowance for deferred tax assets (7,012,134 ) (7,012,134 ) $ 7,399,857 $ 7,013,929
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The components of income tax expense (benefit) related to income from operations are as follows: Three Months Ended March 31, 2016 2015 Current: Federal $ — $ 14,631 State — 31,284 Deferred: Federal (336,915 ) 93,275 State (49,013 ) 8,949 $ (385,928 ) $ 148,139

INCOME (LOSS) PER COMMON SHARE

INCOME (LOSS) PER COMMON SHARE (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares [Table Text Block]	Three Months Ended 2016 2015 Weighted average common shares outstanding 18,606,582 19,496,455 Potentially dilutive stock options 407,144 1,180,154 Weighted average common shares outstanding, assuming dilution 19,013,726 20,676,609

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consist of: March 31, December 31, 2016 2015 Inventories consist of: Raw materials $ 4,210,346 $ 3,993,052 Work-in-process 877,098 628,140 Finished goods 3,712,432 3,447,536 $ 8,799,876 $ 8,068,728

ACCOUNTING FOR SHARE BASED CO21

ACCOUNTING FOR SHARE BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2016
ACCOUNTING FOR SHARE BASED COMPENSATION (Tables) [Line Items]
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]	The following summarizes the components of share-based compensation expense by equity type for the three-months ended March 31: Three Months Ended 2016 2015 Service-based Restricted Common Stock $ 55,500 $ 49,800 Performance-based Stock Options 28,650 30,035 Service-based Stock Options 9,116 — Performance-based Restricted Common Stock 5,353 6,128 Total Share-Based Compensation Expense $ 98,619 $ 85,963
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	A summary of the status of the Company’s non-vested restricted common stock, as granted under the Company’s approved equity compensation plans, as of March 31, 2016, and changes during the three-months ended March 31, 2016, are presented below: Weighted Average Non-vested Restricted Shares Number of Shares Grant Date Fair Value Non-vested at January 1, 2016 187,000 $ 2.01 Granted — — Forfeited — — Vested — — Non-vested at March 31, 2016 187,000 $ 2.01
Performance Based Stock Options [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Tables) [Line Items]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of performance-based stock option activity, and related information for the three-months ended March 31, 2016 follows: Weighted Average Options Exercise Price Outstanding, January 1, 2016 1,965,000 $ 1.32 Granted — — Exercised — — Forfeited — — Expired — — Outstanding, March 31, 2016 1,965,000 $ 1.32 Options exercisable: March 31, 2016 1,090,000 $ 0.96
Service Based Stock Options [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Tables) [Line Items]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of service-based stock option activity, and related information for the three-months ended March 31, 2016 follows: Weighted Average Options Exercise Price Outstanding, January 1, 2016 523,000 $ 2.23 Granted — — Exercised — — Forfeited — — Expired — — Outstanding, March 31, 2016 523,000 $ 2.23 Options exercisable: March 31, 2016 390,083 $ 2.54

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Schedule Of Segment Reporting Financial Information Including Total Assets By Segment [Table Text Block]	Financial information by reportable segment for the three-months ended March 31, 2016 and 2015 is set forth below: Three Months Ended 2016 2015 Net sales by segment: Network solutions $ 4,213,314 $ 5,895,159 Test and measurement 2,155,101 2,732,532 Total consolidated net sales of reportable segments $ 6,368,415 $ 8,627,691 Segment income (loss): Network solutions $ 339,926 $ 971,391 Test and measurement (312,447 ) 216,464 Income (loss) from reportable segments 27,479 1,187,855 Other unallocated amounts: Corporate expenses (948,130 ) (849,130 ) Other (expense) income - net (41,604 ) 3,267 Consolidated income (loss) before income tax provision (benefit) $ (962,255 ) $ 341,992 Depreciation and amortization by segment: Network solutions $ 55,747 $ 51,061 Test and measurement 60,111 58,123 Total depreciation and amortization for reportable segments $ 115,858 $ 109,184 Capital expenditures by segment (a): Network solutions $ 55,230 $ 144,757 Test and measurement 19,244 102,079 Total consolidated capital expenditures by reportable segment $ 74,474 $ 246,836 (a) Net of equipment lease payable of $41,904 (network solutions) for the three-months ended March 31, 2016.
Schedule Of Segment Reporting Information Total Assets By Segment [Table Text Block]	Financial information by reportable segment as of March 31, 2016 and December 31, 2015: 2016 2015 Total assets by segment: Network solutions $ 10,498,204 $ 10,638,961 Test and measurement 6,955,414 7,153,310 Total assets for reportable segments 17,453,618 17,792,271 Corporate assets, principally cash and cash equivalents and deferred and current taxes 17,349,287 16,914,053 Total consolidated assets $ 34,802,905 $ 34,706,324
Schedule Of Net Consolidated Sales By Region [Table Text Block]	Consolidated net sales by region were as follows: Three Months Ended Sales by region 2016 2015 Americas $ 5,065,636 $ 6,466,636 Europe, Middle East, Africa (EMEA) 948,357 1,735,842 Asia Pacific (APAC) 354,422 425,213 Total Sales $ 6,368,415 $ 8,627,691

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	The following is a summary of the Company’s contractual obligations as of March 31, 2016: Table of Contractual Obligations Payments by Period Less than More than Total 1 Year 1-3 Years 4-5- Years 5 Years Facility Leases $ 3,155,948 $ 411,871 $ 1,311,244 $ 941,037 $ 491,796 Operating and Equipment Leases 170,067 63,776 106,291 — — $ 3,326,015 $ 475,647 $ 1,417,535 $ 941,037 $ 491,796

SUMMARY OF SIGNIFICANT ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND POLICIES (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND POLICIES (Details) [Line Items]
Number of Financial Institutions in Which Company Maintains Cash Investments	2
Number of significant customer respect to revenue	1	0
Number of Significant Customer Respect to Accounts Receivable	0		0
Customer One [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND POLICIES (Details) [Line Items]
Concentration Risk, Percentage	10.00%
No Customer [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND POLICIES (Details) [Line Items]
Concentration Risk, Percentage		10.00%
Percentage Of Accounts Receivable Attributable To Significant Customer	10.00%		10.00%

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended
	Mar. 31, 2016USD ($)
INCOME TAXES (Details) [Line Items]
Operating Loss Carryforwards Expiration Period	2,029
Minimum [Member]
INCOME TAXES (Details) [Line Items]
Percentage of Largest Benefit to Tax Benefits Recognized	50.00%
Domestic Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Operating Loss Carryforwards	$ 17,900,000
Foreign Tax Authority [Member]
INCOME TAXES (Details) [Line Items]
Operating Loss Carryforwards	23,400,000
Operating Loss Carryforwards, Valuation Allowance	$ 7,012,134

INCOME TAXES (Details) - Schedu

INCOME TAXES (Details) - Schedule of deferred tax assets and liabilities - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Net deferred tax asset:
Uniform capitalization of inventory costs for tax purposes	$ 172,752	$ 158,599
Reserves on inventories	469,888	444,115
Accruals	30,000	10,000
Tax effect of goodwill	(515,782)	(507,524)
Book depreciation over tax	(49,488)	(43,514)
Other timing differences	148,087	105,725
Net operating loss carryforward	14,156,534	13,858,662
	14,411,991	14,026,063
Valuation allowance for deferred tax assets	(7,012,134)	(7,012,134)
	$ 7,399,857	$ 7,013,929

INCOME TAXES (Details) - Sche27

INCOME TAXES (Details) - Schedule of income tax expense related to income from operations - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Current:
Federal		$ 14,631
State		31,284
Deferred:
Federal	$ (336,915)	93,275
State	(49,013)	8,949
	$ (385,928)	$ 148,139

INCOME (LOSS) PER COMMON SHAR28

INCOME (LOSS) PER COMMON SHARE (Details) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,080,857	1,393,446

INCOME (LOSS) PER COMMON SHAR29

INCOME (LOSS) PER COMMON SHARE (Details) - Schedule of weighted average number of shares - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule of weighted average number of shares [Abstract]
Weighted average common shares outstanding	18,606,582	19,496,455
Potentially dilutive stock options	407,144	1,180,154
Weighted average common shares outstanding, assuming dilution	19,013,726	20,676,609

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Inventory Valuation Reserves	$ 1,174,721	$ 1,110,288

INVENTORIES (Details) - Schedul

INVENTORIES (Details) - Schedule of inventory current - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Inventories consist of:
Raw materials	$ 4,210,346	$ 3,993,052
Work-in-process	877,098	628,140
Finished goods	3,712,432	3,447,536
	$ 8,799,876	$ 8,068,728

GOODWILL (Details)

GOODWILL (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
GOODWILL (Details) [Line Items]
Goodwill	$ 1,351,392	$ 1,351,392
Microlab [Member]
GOODWILL (Details) [Line Items]
Goodwill	$ 1,351,392	$ 1,351,392

ACCOUNTING FOR SHARE BASED CO33

ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - USD ($)	1 Months Ended				3 Months Ended		12 Months Ended
	Nov. 19, 2015	Sep. 30, 2015	Jun. 30, 2015	Aug. 31, 2013	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2013	Dec. 31, 2015	Jun. 30, 2014
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) [Line Items]
Share-based Compensation					$ 98,619	$ 85,963
Stock or Units Available for Distributions (in Shares)					2,000,000
Share Based Compensation Arrangement By Share Based Payment Award Additional Number of Share Available for Grant (in Shares)									1,658,045
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares)					2,238,500
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					10 years
Share Based Compensation Arrangement by Share Based Payment Award Maximum Period Consider for Option Fully Exercisable					5 years
Allocated Share-based Compensation Expense					$ 98,619	85,963
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate					0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate					1.53%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term					4 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate					75.46%
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Forfeiture Rate					0.00%
Performance Shares [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					10 years
Allocated Share-based Compensation Expense					$ 28,650	30,035
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price (in Dollars per share)					$ 1.03
Restricted Stock [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			1 year
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted (in Shares)			100,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)			$ 2.22
Allocated Share-based Compensation Expense			$ 222,000		$ 55,500	$ 49,800
Adjustments to Additional Paid in Capital, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition					157,211
Stock Based Compensation to be Amortized Next Fiscal Year					$ 55,500
Stock Based Compensation to be Amortized Vesting Period					June 2,016
Stock Based Compensation to be Amortized Depending on Certain Performance Conditions					$ 101,711
Performance Based Stock Options [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted (in Shares)					87,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value					$ 432,350			$ 846,350
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value					432,350			846,350
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)		50,000		825,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share)		$ 1.83		$ 1.77
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options		$ 46,620		$ 497,729
Stock Granted, Value, Share-based Compensation, Gross							$ 1,090,000
Service Based Stock Options [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) [Line Items]
Allocated Share-based Compensation Expense					9,116
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value					$ 2,900			$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price (in Dollars per share)	$ 0.75
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.68%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	78.22%
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Forfeiture Rate	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)					145,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share)					$ 1.30
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options					$ 100,270
Number Of Equal Quarterly Installments Vested Awards	12
Terms Of Equal Quarterly Installments Vested Awards	3 years

ACCOUNTING FOR SHARE BASED CO34

ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of share-based compensation expense, components by equity type - USD ($)	1 Months Ended	3 Months Ended
	Jun. 30, 2015	Mar. 31, 2016	Mar. 31, 2015
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of share-based compensation expense, components by equity type [Line Items]
Share Based Compensation		$ 98,619	$ 85,963
Restricted Stock [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of share-based compensation expense, components by equity type [Line Items]
Share Based Compensation	$ 222,000	55,500	49,800
Performance Shares [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of share-based compensation expense, components by equity type [Line Items]
Share Based Compensation		28,650	30,035
Service Based Stock Options [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of share-based compensation expense, components by equity type [Line Items]
Share Based Compensation		9,116
Performance Based Restricted Common Stock [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of share-based compensation expense, components by equity type [Line Items]
Share Based Compensation		$ 5,353	$ 6,128

ACCOUNTING FOR SHARE BASED CO35

ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of non-vested restricted stock activity - Restricted Stock [Member]	Mar. 31, 2016$ / sharesshares
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of non-vested restricted stock activity [Line Items]
Non-vested at January 1, 2016 | shares	187,000
Non-vested at January 1, 2016 | $ / shares	$ 2.01
Non-vested at March 31, 2016 | shares	187,000
Non-vested at March 31, 2016 | $ / shares	$ 2.01

ACCOUNTING FOR SHARE BASED CO36

ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of performance-based stock option activity, and related Information - Performance Based Stock Options [Member]	Mar. 31, 2016$ / sharesshares
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of performance-based stock option activity, and related Information [Line Items]
Outstanding, January 1, 2016 | shares	1,965,000
Outstanding, January 1, 2016 | $ / shares	$ 1.32
Outstanding, March 31, 2016 | shares	1,965,000
Outstanding, March 31, 2016 | $ / shares	$ 1.32
Options exercisable:
March 31, 2016 | shares	1,090,000
March 31, 2016 | $ / shares	$ 0.96

ACCOUNTING FOR SHARE BASED CO37

ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of service-based stock option activity, and related Information - Service Based Stock Options [Member]	Mar. 31, 2016$ / sharesshares
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of service-based stock option activity, and related Information [Line Items]
Outstanding, January 1, 2016 | shares	523,000
Outstanding, January 1, 2016 | $ / shares	$ 2.23
Outstanding, March 31, 2016 | shares	523,000
Outstanding, March 31, 2016 | $ / shares	$ 2.23
Options exercisable:
March 31, 2016 | shares	390,083
March 31, 2016 | $ / shares	$ 2.54

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details)	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)
SEGMENT INFORMATION (Details) [Line Items]
Number of Reportable Segments	2
Capital Lease Obligations Incurred	$ 41,904
Network Solutions [Member]
SEGMENT INFORMATION (Details) [Line Items]
Capital Lease Obligations Incurred	41,904
United States [Member]
SEGMENT INFORMATION (Details) [Line Items]
Revenue, Net	4,772,171	$ 5,792,473
Germany [Member]
SEGMENT INFORMATION (Details) [Line Items]
Revenue, Net	236,400	466,844
Israel [Member]
SEGMENT INFORMATION (Details) [Line Items]
Revenue, Net		543,394
China [Member]
SEGMENT INFORMATION (Details) [Line Items]
Revenue, Net	$ 187,171	$ 268,582

SEGMENT INFORMATION (Details) -

SEGMENT INFORMATION (Details) - Schedule of segment reporting financial information including total assets by segment - USD ($)		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Net sales by segment:
Net sales by segment		$ 6,368,415	$ 8,627,691
Segment income (loss):
Segment income (loss)		27,479	1,187,855
Other unallocated amounts:
Corporate expenses		(948,130)	(849,130)
Other (expense) income - net		(41,604)	3,267
Consolidated income (loss) before income tax provision (benefit)		(962,255)	341,992
Depreciation and amortization by segment:
Depreciation and amortization by segment		115,858	109,184
Capital expenditures by segment (a):
Capital expenditures by segment	[1]	74,474	246,836
Network Solutions [Member]
Net sales by segment:
Net sales by segment		4,213,314	5,895,159
Segment income (loss):
Segment income (loss)		339,926	971,391
Depreciation and amortization by segment:
Depreciation and amortization by segment		55,747	51,061
Capital expenditures by segment (a):
Capital expenditures by segment	[1]	55,230	144,757
Test and Measurement [Member]
Net sales by segment:
Net sales by segment		2,155,101	2,732,532
Segment income (loss):
Segment income (loss)		(312,447)	216,464
Depreciation and amortization by segment:
Depreciation and amortization by segment		60,111	58,123
Capital expenditures by segment (a):
Capital expenditures by segment	[1]	$ 19,244	$ 102,079
[1]	Net of equipment lease payable of $41,904 (network solutions) for the three-months ended March 31, 2016.

SEGMENT INFORMATION (Details)40

SEGMENT INFORMATION (Details) - Schedule of segment reporting information total assets by segment - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Total assets by segment:
Total assets by segment	$ 17,453,618	$ 17,792,271
Corporate assets, principally cash and cash equivalents and deferred and current taxes	17,349,287	16,914,053
Total consolidated assets	34,802,905	34,706,324
Network Solutions [Member]
Total assets by segment:
Total assets by segment	10,498,204	10,638,961
Test and Measurement [Member]
Total assets by segment:
Total assets by segment	$ 6,955,414	$ 7,153,310

SEGMENT INFORMATION (Details)41

SEGMENT INFORMATION (Details) - Schedule of net consolidated sales from operations by region - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
SEGMENT INFORMATION (Details) - Schedule of net consolidated sales from operations by region [Line Items]
Revenues	$ 6,368,415	$ 8,627,691
Americas [Member]
SEGMENT INFORMATION (Details) - Schedule of net consolidated sales from operations by region [Line Items]
Revenues	5,065,636	6,466,636
Europe, Middle East, Africa [Member]
SEGMENT INFORMATION (Details) - Schedule of net consolidated sales from operations by region [Line Items]
Revenues	948,357	1,735,842
Asia Pacific [Member]
SEGMENT INFORMATION (Details) - Schedule of net consolidated sales from operations by region [Line Items]
Revenues	$ 354,422	$ 425,213

COMMITMENTS AND CONTINGENCIES42

COMMITMENTS AND CONTINGENCIES (Details)	3 Months Ended
	Mar. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
Warranties Period of Product	1 year
Lease Expiration Date	Mar. 31, 2023
Monthly Leases Minimum Payments Due in Year One	$ 33,000
Monthly Leases Maximum Payments Due in Year Eight	41,000
Allowance Received for Improvement	$ 300,000
Description of Lessor Leasing Arrangements, Operating Leases	The lease can be renewed at the Company’s option for one five-year period at fair market value to be determined at term expiration.
Lease Renewal Option	1
Lease Renewable Term	5 years
Line of Credit Facility, Borrowing Capacity, Description	The Company maintains a line of credit with a bank. The credit facility provides borrowing availability of up to 100% of the Company’s money market account balance and 99% of the Company’s short-term investment securities (U.S. Treasury bills) and, under the terms and conditions of the loan agreement, the facility is fully secured by the Company’s money fund account and short-term investment holdings held with the bank.
Line of Credit Availability Equal to Percent of Money Market Account	100.00%
Line of Credit Availability Equal to Percent of Short-term Investment	99.00%
Line Of Credit Annual Fees Amount	$ 0
Long-term Line of Credit	0
Line of Credit Facility, Maximum Borrowing Capacity	$ 4,500,000

COMMITMENTS AND CONTINGENCIES43

COMMITMENTS AND CONTINGENCIES (Details) - Schedule of contractual obligations	Mar. 31, 2016USD ($)
COMMITMENTS AND CONTINGENCIES (Details) - Schedule of contractual obligations [Line Items]
Contractual Obligations, Total	$ 3,326,015
Contractual Obligations, Less than 1 Year	475,647
Contractual Obligations, 1-3 Years	1,417,535
Contractual Obligations, 4-5 Years	941,037
Contractual Obligations, More than 5 Years	491,796
Facility Leases [Member]
COMMITMENTS AND CONTINGENCIES (Details) - Schedule of contractual obligations [Line Items]
Contractual Obligations, Total	3,155,948
Contractual Obligations, Less than 1 Year	411,871
Contractual Obligations, 1-3 Years	1,311,244
Contractual Obligations, 4-5 Years	941,037
Contractual Obligations, More than 5 Years	491,796
Operating and Equipment Leases [Member]
COMMITMENTS AND CONTINGENCIES (Details) - Schedule of contractual obligations [Line Items]
Contractual Obligations, Total	170,067
Contractual Obligations, Less than 1 Year	63,776
Contractual Obligations, 1-3 Years	$ 106,291