Wireless Telecom (WTT) 10-Q 9 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 22, 2017
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		22,790,667
Amendment Flag	false
Entity Central Index Key	878,828
Entity Filer Category	Smaller Reporting Company
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash & cash equivalents	$ 2,266,532	$ 9,350,803
Accounts receivable - net of reserves of $23,026 and $10,740, respectively	8,107,931	5,183,869
Inventories - net of reserves of $2,067,103 and $1,549,089, respectively	6,485,796	8,452,751
Prepaid expenses and other current assets	4,789,567	866,036
TOTAL CURRENT ASSETS	21,649,826	23,853,459
PROPERTY PLANT AND EQUIPMENT – NET	2,428,245	2,166,566
OTHER ASSETS
Goodwill	10,113,158	1,351,392
Acquired Intangible Assets, net	4,756,386
Deferred income taxes	8,822,687	7,403,600
Other	794,058	660,118
TOTAL OTHER ASSETS	24,486,289	9,415,110
TOTAL ASSETS	48,564,360	35,435,135
CURRENT LIABILITIES
Short term debt	1,423,927
Accounts payable	2,416,202	2,986,797
Accrued expenses and other current liabilities	3,290,598	673,067
Deferred Revenue	573,477
TOTAL CURRENT LIABILITIES	7,704,204	3,659,864
LONG TERM LIABILITIES
Long term debt	532,000
Other long term liabilities	1,810,990	69,058
Deferred Tax Liability	789,263
TOTAL LONG TERM LIABILITIES	3,132,253	69,058
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, 33,886,752 and 29,786,224 shares issued, 22,790,667 and 18,751,346 shares outstanding	338,867	297,862
Additional paid in capital	47,453,286	40,563,002
Retained earnings	9,722,650	11,668,829
Treasury stock at cost, - 11,096,085 and 11,034,878 shares, respectively	(20,910,394)	(20,823,480)
Accumulated Other Comprehensive Income	1,123,494
TOTAL SHAREHOLDERS’ EQUITY	37,727,903	31,706,213
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 48,564,360	$ 35,435,135

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Accounts receivable, net of reserves (in Dollars)	$ 23,026	$ 10,740
Inventories, net of reserves (in Dollars)	$ 2,067,103	$ 1,549,089
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	0	0
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	33,886,752	29,786,224
Common stock, shares outstanding	22,790,667	18,751,346
Treasury stock, shares	11,096,085	11,034,878

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
NET SALES	$ 12,560,298	$ 8,344,301	$ 34,042,230	$ 22,322,820
COST OF SALES	6,446,992	4,521,302	20,252,254	12,440,817
GROSS PROFIT	6,113,306	3,822,999	13,789,976	9,882,003
Operating Expenses
Research and Development	1,051,233	948,654	3,267,955	3,042,916
Sales and Marketing	1,946,443	1,216,265	5,161,181	3,703,522
General and Administrative	2,333,795	1,389,996	8,567,102	4,141,520
Total Operating Expenses	5,331,471	3,554,915	16,996,238	10,887,958
Other income/(expense)	(1,033)	(27,090)	(4,253)	(78,675)
Interest Expense	(70,607)	(178)	(229,453)	(463)
Income/(loss) before taxes	710,195	240,816	(3,439,968)	(1,085,093)
Tax Provision/(Benefit)	56,799	118,980	(1,493,789)	(412,409)
Net Income/(Loss)	653,396	121,836	(1,946,179)	(672,684)
Other Comprehensive Income/(Loss):
Foreign currency translation adjustments	547,160		1,123,494
Comprehensive Income/(Loss)	$ 1,200,556	$ 121,836	$ (822,685)	$ (672,684)
Net Income/(Loss) per common share:
Basic (in Dollars per share)	$ 0.03	$ 0.01	$ (0.10)	$ (0.04)
Diluted (in Dollars per share)	$ 0.03	$ 0.01	$ (0.10)	$ (0.04)
Weighted average shares outstanding:
Basic (in Shares)	20,235,876	18,721,346	19,799,219	18,650,274
Diluted (in Shares)	22,938,188	19,358,968	19,799,219	18,650,274

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
CASH FLOWS PROVIDED/(USED) BY OPERATING ACTIVITIES
Net income (loss)	$ (1,946,179)	$ (672,684)
Adjustments to reconcile net income/(loss) to net cash provided/(used) by operating activities:
Depreciation and amortization	1,345,806	363,634
Amortization of debt issuance fees	48,503
Share-based compensation expense	507,791	432,612
Deferred rent	18,277	27,454
Deferred income taxes	(1,419,087)	(434,333)
Provision for doubtful accounts	12,286	(8,788)
Inventory reserves	1,314,528	221,369
Changes in assets and liabilities, net of acquisition:
Accounts receivable	(529,198)	(176,019)
Inventories	1,820,249	(1,603,381)
Prepaid expenses and other assets	238,351	(14,162)
Accounts payable	(1,776,291)	1,091,071
Accrued expenses and other liabilities	814,989	30,818
Net cash provided/(used) by operating activities	450,025	(742,409)
CASH FLOWS (USED) BY INVESTING ACTIVITIES
Capital expenditures	(588,180)	(715,128)
Proceeds from asset disposal	7,397
Acquisition of business net of cash acquired	(9,137,534)
Net cash (used by) investing activities	(9,718,317)	(715,128)
CASH FLOWS PROVIDED/(USED) BY FINANCING ACTIVITIES
Revolver borrowings	25,281,935
Revolver repayments	(24,010,007)
Term loan borrowings	760,000
Term loan repayments	(76,000)
Debt issuance fees	(215,358)
Proceeds from exercise of stock options	424,950
Repayments of equipment lease payable		(101,296)
Repurchase of stock	(86,914)	(65,468)
Net cash provided/(used by) financing activities	2,078,606	(166,764)
Effect of exchange rate changes on cash and cash equivalents	105,415
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(7,084,271)	(1,624,301)
Cash and cash equivalents, at beginning of period	9,350,803	9,726,007
CASH AND CASH EQUIVALENTS, AT END OF PERIOD	2,266,532	8,101,706
SUPPLEMENTAL INFORMATION:
Cash paid during the period for interest	90,084
Cash paid during the period for income taxes	$ 58,454	67,438
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Capital expenditures		(41,904)
Equipment lease payable		$ 41,904

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - 9 months ended Sep. 30, 2017 - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Treasury Stock [Member]	Total
Balances at Dec. 31, 2016	$ 297,862	$ 40,563,002	$ 11,668,829		$ (20,823,480)	$ 31,706,213
Balances (in Shares) at Dec. 31, 2016	29,786,224					18,751,346
Net Income (loss)			(1,946,179)			$ (1,946,179)
Issuance of shares in connection with stock options exercised	$ 5,500	419,450				424,950
Issuance of shares in connection with stock options exercised (in Shares)	550,000
Share-based compensation expense		507,791				507,791
Issuance of shares in connection with CommAgility acquisition	$ 34,875	5,963,673				5,998,548
Issuance of shares in connection with CommAgility acquisition (in Shares)	3,487,528
Issuance of restricted stock	$ 1,500	(1,500)
Issuance of restricted stock (in Shares)	150,000
Forfeiture of Restricted Stock	$ (870)	870
Forfeiture of Restricted Stock (in Shares)	(87,000)
Cumulative translation adjustment				$ 1,123,494		1,123,494
Repurchase of Stock					(86,914)	(86,914)
Balances at Sep. 30, 2017	$ 338,867	$ 47,453,286	$ 9,722,650	$ 1,123,494	$ (20,910,394)	$ 37,727,903
Balances (in Shares) at Sep. 30, 2017	33,886,752					22,790,667

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND POLICIES	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND POLICIES Basis of Presentation The condensed consolidated balance sheet as of September 30, 2017, the condensed consolidated statements of operations and comprehensive income/loss for the three and nine months ended September 30, 2017 and 2016, the condensed consolidated statements of cash flows for the nine months ended September 30, 2017 and 2016 and the condensed consolidated statement of shareholder’s equity for the nine months ended September 30, 2017 have been prepared by the Company (as defined below) without audit. The condensed consolidated financial statements include the accounts of Wireless Telecom Group, Inc., doing business as and operating under the trade name, NoiseCom, and its wholly owned subsidiaries including Boonton Electronics Corporation (“Boonton”), Microlab/FXR (“Microlab”), Wireless Telecommunications Ltd. and CommAgility Limited (“CommAgility”), which are collectively referred to herein as the “Company”. All intercompany transactions and balances have been eliminated in consolidation. It is suggested that these condensed financial statements be read in conjunction with the financial statements and the notes thereto included in the company’s latest shareholders’ annual report (Form 10-K). Interim Financial Statements 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, 2016. 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 results of operations for the three and nine month periods ended September 30, 2017 are not necessarily indicative of the results to be expected for the full year ending December 31, 2017. Use of Estimates 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, intangible assets, estimated fair values of stock options and vesting periods of performance-based stock options and restricted stock and estimated fair values of acquired assets and liabilities in business combinations) and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of net revenues and expenses during the reporting period. Actual results could differ from those estimates. Concentration Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company generally has limited concentration of credit risk in accounts receivable due to the large number of entities comprising the Company’s 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 September 30, 2017, one customer accounted for approximately 13% of the Company’s consolidated revenues and for the nine months ended September 30, 2017 one customer accounted for approximately 10% of the Company’s consolidated revenue. For the three and nine months ended September 30, 2016, one customer accounted for approximately 11% and 10%, respectively, of the Company’s consolidated revenues. At September 30, 2017 two customers represented 19% and 17% of the Company’s gross accounts receivable, respectively. At December 31, 2016, one customer represented 16% of the Company’s gross accounts receivable balance. Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The accounting guidance establishes a three-tiered hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value: Level 1—Quoted prices in active markets for identical assets or liabilities. Level 2—Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The categorization of a financial instrument within the valuation hierarchy is based on the lowest level of input that is significant to the fair value measurement. The carrying amounts of the Company’s financial instruments, including cash, accounts receivable, accounts payable and accrued liabilities, approximate fair value due to their relatively short maturities. The Company’s term loan and revolving credit facility bear interest at a variable interest rate plus an applicable margin and, therefore, carrying amount approximates fair value. Contingent Consideration Under the terms of the CommAgility Share Purchase Agreement the Company may be required to pay additional purchase price if certain financial targets are achieved for the years ending December 31, 2017 and December 31, 2018 (“CommAgility Earn-Out”). As of the acquisition date, the Company estimated the fair value of the contingent consideration to be $754,500 (see Note 3) and the Company is required to reassess the fair value of the contingent consideration at each reporting period. The significant inputs used in this fair value estimate include gross revenues and Adjusted EBITDA, as defined, scenarios for the earn-out periods for which probabilities are assigned to each scenario to arrive at a single estimated outcome (Level 3). The estimated outcome is then discounted based on the individual risk analysis of the liability. Although the Company believes its estimates and assumptions are reasonable, different assumptions, including those regarding the operating results of CommAgility or changes in the future, may result in different estimated amounts. The contingent consideration is included in other long term liabilities in the accompanying condensed consolidated balance sheets. The Company will satisfy this obligation with a cash payment to the sellers of CommAgility upon the achievement of the respective milestone discussed above. Revenue Recognition Revenue from product shipments, including shipping and handling fees, is recognized once delivery has occurred, provided that persuasive evidence of an arrangement exists, the price is fixed or determinable, and collectability is reasonably assured. Delivery is considered to have occurred when title and risk of loss have transferred to the customer. Revenues from international distributors are recognized in the same manner. If title does not pass until the product reaches the customer’s delivery site, then revenue recognition is deferred until that time. There are no formal sales incentives offered to any of the Company’s customers. Volume discounts may be offered from time to time to customers purchasing large quantities on a per transaction basis. Standalone sales of software or software-related items are recognized in accordance with the software revenue recognition guidance. For multiple deliverable arrangements that only include software items, the Company generally uses the residual method to allocate the arrangement consideration. Under the residual method, the amount of consideration allocated to the delivered items equals the total arrangement consideration, less the fair value of the undelivered items. Where vendor-specific objective evidence of fair value for the undelivered items cannot be determined, the Company generally defers revenue until all items are delivered and services have been performed, or until such evidence of fair value can be determined for the undelivered items. Software arrangements that require significant customization or modification of software are accounted for under percentage of completion accounting. The Company uses the input method to measure progress for arrangements accounted for under percentage of completion accounting. Foreign Currency Translation Assets and liabilities of non-U.S. subsidiaries that operate in a local currency environment, where the local currency is the functional currency, are translated from foreign currencies into U.S. dollars at period-end exchange rates while income and expenses are translated at the weighted average spot rate for the periods presented. Translation gains or losses related to net assets located outside the U.S. are shown as a component of accumulated other comprehensive income in the Condensed Consolidated Statements of Shareholders’ Equity. Gains and losses resulting from foreign currency transactions, which are denominated in currencies other than the Company’s functional currency, are included in the Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss). Other Comprehensive Income (Loss) Other comprehensive income (loss) is recorded directly to a separate section of shareholders’ equity in accumulated other comprehensive income and primarily includes unrealized gains and losses excluded from the Consolidated Statements of Operations and Comprehensive Income/(Loss). These unrealized gains and losses consist of changes in foreign currency translation. Intangible and Long-lived Assets Intangible assets include patents, non-competition agreements, customer relationships and trademarks. Intangible assets with finite lives are amortized using the straight-line method over the estimated economic lives of the assets, which range from five to seven years. Long-lived assets, including intangible assets with finite lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Determination of recoverability is based on an estimate of undiscounted future cash flows resulting from the use of the asset and its eventual disposition. Measurement of an impairment loss for long-lived assets that management expects to hold and use is based on the estimated fair value of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or estimated fair value less costs to sell. The estimated useful lives of intangible and long-lived assets are based on many factors including assumptions regarding the effects of obsolescence, demand, competition and other economic factors, expectations regarding the future use of the asset, and our historical experience with similar assets. The assumptions used to determine the estimated useful lives could change due to numerous factors including product demand, market conditions, technological developments, economic conditions and competition. Intangible assets determined to have indefinite useful lives are not amortized but are tested for impairment annually and more frequently if event occur or circumstances change that indicate an asset may be impaired. 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 evaluated for impairment annually by first performing a qualitative assessment to determine whether a quantitative goodwill test is necessary. After assessing the totality of events or circumstances, if we determine it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then we perform additional quantitative tests to determine the magnitude of any impairment. Subsequent Events 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	9 Months Ended
	Sep. 30, 2017
Accounting Changes and Error Corrections [Abstract]
Accounting Changes and Error Corrections [Text Block]	NOTE 2 – RECENT ACCOUNTING PRONOUNCEMENTS In January 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting. Under ASU 2016-09, companies will no longer record excess tax benefits and certain tax deficiencies in additional paid in capital (“APIC”). Instead, they will record all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement and the APIC pools will be eliminated. In addition, ASU 2016-09 eliminates the requirement that excess tax benefits be realized before companies can recognize them. ASU 2016-09 also requires companies to present excess tax benefits as an operating activity on the statement of cash flows rather than as a financing activity. Furthermore, ASU 2016-09 will increase the amount an employer can withhold to cover income taxes on awards and still qualify for the exception to liability classification for shares used to satisfy the employer’s statutory income tax withholding obligation. An employer with a statutory income tax withholding obligation will now be allowed to withhold shares with the fair value up to the amount of taxes owed using the maximum statutory rate in the employee’s applicable jurisdiction(s). ASU 2016- 09 requires a company to classify the cash paid to a tax authority when shares are withheld to satisfy its statutory income tax withholding obligation as a financing activity on the statement of cash flows. Under current U.S. GAAP, it is not specified how these cash flows should be classified. In addition, companies will now have to elect whether to account for forfeitures on share-based payments by (1) recognizing forfeiture awards as they occur or (2) estimating the number of awards expected to be forfeited and adjusting the estimate when it is likely to change, as is currently required. The amendments of this ASU are effective for reporting periods beginning after December 15, 2016, with early adoption permitted but all of the guidance must be adopted in the same period. The adopted standard has not had any impact on the Company’s financial statements. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations: Clarifying the Definition of a Business In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments In February 2016, the FASB issued ASU 2016-02, Leases 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 The Company does not believe there are any other recently issued, but not yet effective accounting pronouncements, that if adopted would have a material effect on the accompanying consolidated financial statements.

ACQUISITION

ACQUISITION	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	NOTE 3 – ACQUISITION On February 17, 2017, Wireless Telecommunications, Ltd. (the “Acquisition Subsidiary”), a company incorporated in England and Wales which is a wholly owned subsidiary of Wireless Telecom Group, Inc., completed the acquisition of all of the issued shares in CommAgility Limited, (“CommAgility”) a company incorporated in England and Wales (the “Acquisition”) from CommAgility’s founders. The Acquisition was completed pursuant to the terms of a Share Purchase Agreement, dated February 17, 2017, and entered into by and among the Company, the Acquisition Subsidiary and the founders. The Company paid $11,317,500 in cash on acquisition date and issued 3,487,528 shares of newly issued common stock (“Consideration Shares”) with an acquisition date fair value of $5,998,548. The Company financed the cash portion of the transaction with proceeds from a term loan totaling $760,000, proceeds Pursuant to the Share Purchase Agreement, 2,092,516 of the Consideration Shares are subject to forfeiture and return to the Company if (a) 2017 EBITDA, as defined, generated by CommAgility is less than £2,400,000; or (b) 2018 EBITDA, as defined, generated by CommAgility is less than £2,400,000 (in each case as determined by an audit of CommAgility conducted by the accountants of the Acquisition Subsidiary in accordance with the terms of the Share Purchase Agreement). As of acquisition date the Company estimates that the 2017 Adjusted EBITDA target will not be met thus we believe all 2,092,516 Consideration shares will be forfeited. Accordingly, the Company recorded a contingent asset of $3,599,128 which represents the fair value of the consideration shares as of acquisition date. This contingent asset is included in prepaid expenses and other current assets in the Condensed Consolidated Balance Sheet as of September 30, 2017. The acquisition has been accounted for under the acquisition method of accounting in accordance with ASC 805, Business Combinations. Accounting for acquisitions requires us to recognize separately from goodwill the assets acquired and the liabilities assumed at their acquisition date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred over the net of the acquisition date fair values of the assets acquired and the liabilities assumed. While we use our best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date as well as contingent consideration, where applicable, our estimates are inherently uncertain and subject to refinement. During the three months ended September 30, 2017 the Company recorded measurement period adjustments related to the completion of the valuation of intangible assets, contingent consideration and contingent asset associated with the equity claw back and deferred taxes. The Company incurred $0 and $1,289,517 of acquisition-related costs during the three and nine months ended September 30, 2017, respectively, which is included as part of general and administrative expense in the accompanying condensed consolidated statements of operations and comprehensive loss. Since the acquisition date of February 17, 2017, CommAgility contributed $2,231,166 and $6,228,157 of net sales to the Company for the three and nine months ended September 30, 2017, respectively. Various valuation techniques were used to estimate the fair value of assets acquired and the liabilities assumed which use significant unobservable inputs, or Level 3 inputs as defined by the fair value hierarchy. Using these valuation approaches requires the Company to make significant estimates and assumptions. The As Reported Measurement Revised Cash at close $11,317,500 $11,317,500 Equity issued at close 5,998,548 5,998,548 Completion Cash Adjustment 1,382,288 1,382,288 Deferred Purchase Price 2,515,000 2,515,000 Contingent Consideration 2,700,353 (1,945,853 ) 754,500 Total Purchase Price 23,913,689 (1,945,853 ) 21,967,836 Cash 4,566,510 4,566,510 Accounts Receivable 2,267,124 2,267,124 Inventory 1,125,532 1,125,532 Intangible Assets 9,657,600 (4,540,833 ) 5,116,768 Contingent Asset 3,599,128 3,599,128 Other Assets 167,650 167,650 Fixed Assets 303,904 303,904 Accounts Payable (1,171,846 ) (1,171,846 ) Accrued Expenses (417,213 ) (417,213 ) Deferred Revenue (638,671 ) (638,671 ) Deferred Tax Liability (1,701,586 ) 867,308 (834,279 ) Other Long Term Liabilities (339,096 ) (339,096 ) Net Assets Acquired 13,819,908 13,745,511 Goodwill $10,093,781 $8,222,325 Goodwill is calculated as the excess of consideration paid over the net assets acquired and represents synergies, organic growth and other benefits that are expected to arise from integrating CommAgility into our operations. None of the goodwill recorded in this transaction is expected to be tax deductible. The following table summarizes the activity related to Contingent Consideration and Deferred Purchase Price for the nine months ended September 30, 2017: Contingent Deferred Purchase Balance at Beginning of Period $ - $ - Fair Value At Acquisition Date 2,700,353 2,515,000 Accretion of Interest 68,204 Payment (1,071,666 ) Measurement Period Adjustment (1,945,853 ) Foreign Currency Translation 52,571 120,000 Balance as of September 30, 2017 $ 875,275 $ 1,563,334 As of September 30, 2017, $1,116,666 of deferred purchase price is included in accrued expenses and other current liabilities on the condensed consolidated balance sheet. As of September 30, 2017, $875,275 of contingent consideration and $446,668 of deferred purchase price is included in other long term liabilities on the condensed consolidated balance sheet. Pro Forma Information (Unaudited) The following unaudited pro forma information presents the Company’s operations as if the CommAgility acquisition and related financing activities had occurred on January 1, 2016. The pro forma information includes the following adjustments (i) amortization of acquired definite-lived intangible assets; (ii) interest expense incurred in connection with the New Credit Facility (described in further detail in Note 8) used to finance the acquisition of CommAgility; and (iii) inclusion of acquisition-related expenses in the earliest period presented. Pro-forma results for the three months ended September 30, 2016 are presented below: (Unaudited) 2016 Net Revenues $ 11,613,576 Net (loss) $ (125,515 ) Basic net (loss) per share $ (0.01 ) Diluted net (loss) per share $ (0.01 ) Pro-forma results for the nine months ended September 30, 2016 and 2017 are presented below: (Unaudited) 2017 2016 Net Revenues $ 35,416,074 $ 31,066,037 Net (loss) $ (1,441,141 ) $ (1,602,277 ) Basic net (loss) per share $ (0.07 ) $ (0.08 ) Diluted net (loss) per share $ (0.07 ) $ (0.08 )

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 4 – INCOME TAXES The Company records deferred taxes in accordance with Accounting Standards Codification (“ASC”) 740, “ Accounting for Income Taxes 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 amount of deferred tax assets considered realizable is subject to adjustment in future periods if estimates of future taxable income are changed. The effective rate of income tax benefit of 44% for the nine months ended September 30, 2017 was higher than the statutory rates in the United States and United Kingdom primarily due to research and development deductions, state tax benefits related to net operating losses, non-qualified stock option deductions offset by nondeductible expenses and a lower rate in the United Kingdom.

INCOME (LOSS) PER COMMON SHARE

INCOME (LOSS) PER COMMON SHARE	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 5 - 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, contingent shares and restricted shares, using the treasury stock method. For the Three Months For the Nine Months 2017 2016 2017 2016 Weighted average common shares outstanding 20,235,876 18,721,346 19,799,219 18,650,274 Potentially dilutive shares 2,702,312 637,622 - - Weighted average common shares outstanding, assuming dilution 22,938,188 19,358,968 19,799,219 18,650,274 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 not included in diluted earnings (loss) per share, because the effects are anti-dilutive, was 2,810,143 and 2,781,844

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	NOTE 6 – INVENTORIES Inventory carrying value is net of inventory reserves of $2,067,103 and $1,549,089 at September 30, 2017 and December 31, 2016, respectively. September 30, December 31, Inventories consist of: Raw materials $3,214,276 $3,558,430 Work-in-process 641,449 531,210 Finished goods 2,630,071 4,363,111 $6,485,796 $8,452,751 During the nine month period ended September 30, 2017 the Company recorded inventory adjustments totaling $1,930,000 comprised of an increase to the Company’s excess and obsolescence reserve of $1,121,000 and the write off of gross inventory of $809,000. The charge was effected as a result of a review of inventory balances and net realizable value of the inventory following the launch of the Company’s lean manufacturing initiative and the adoption of a strategic product plan focused on product lifecycle acceleration.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 7 – GOODWILL AND INTANGIBLE ASSETS The Company’s goodwill balance of $10,113,158 at September 30, 2017 relates to two of the Company’s reporting units, Microlab ($1,351,392) and Embedded Solutions ($8,761,766). Management’s qualitative assessment performed in the fourth quarter of 2016 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. The Embedded Solutions reporting unit was acquired on February 17, 2017 (see Note 3). No events have occurred since the acquisition date that would indicate any impairment of Embedded Solutions goodwill. Goodwill consists of the following: September 30, Beginning Balance $1,351,392 CommAgility Acquisition 10,093,781 Measurement Period Adj (1,871,456 Foreign Currency Translation 539,441 Ending Balance $10,113,158 Intangible assets consist of the following: Gross Carrying Accumulated Foreign Net Carrying Customer Relationships $2,766,500 ($346,437 ) $159,437 $2,579,500 Patents 614,918 (76,593 ) 35,028 573,353 Non Compete Agreements 1,106,600 (236,133 ) 63,069 933,535 Tradename 628,750 - 41,250 670,000 Total $5,116,768 (659,163 ) $298,784 $4,756,388 Amortization of acquired intangible assets was $47,737 and $659,163 for the three and nine months ended September 30, 2017. As a result of finalizing the fair value of intangible assets the Company recorded measurement period adjustments of $4,540,833 to reduce gross intangible assets and increase goodwill during the three months ended September 30, 2017. Additionally, the Company recorded an indefinite lived intangible asset representing the fair value of the CommAgility tradename. As a result of the measurement period adjustments the Company recorded a reduction of intangible amortization expense of $228,459 during the three months ended September 30, 2017 which represents a year to date true up of amortization expense based on the final intangible asset fair value. Amortization of acquired intangible assets is included as part of general and administrative expenses in the accompanying condensed consolidated statements of operations and comprehensive income/(loss). The estimated future amortization expense related to intangible assets is as follows as of September 30, 2017: Remainder of 2017 $278,430 2018 1,113,719 2019 1,113,719 2020 769,786 2021 720,652 Thereafter 90,082 Total $4,086,388

DEBT

DEBT	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 8 – DEBT Debt consists of the following: September 30, 2017 Revolver at LIBOR Plus Margin $1,271,927 Term Loan at LIBOR Plus Margin 684,000 Total Debt 1,955,927 Debt Maturing within one year (1,423,927 ) Non-current portion of long term debt $532,000 In connection with the acquisition of CommAgility, the Company entered into a Credit Agreement with Bank of America, N.A. (the “Lender”) on February 16, 2017 (the “New Credit Facility”), which provided for a term loan in the aggregate principal amount of $760,000 (the “Term Loan”) and an asset based revolving loan (the “Revolver”), which is subject to a Borrowing Base Calculation (as defined in the New Credit Facility) of up to a maximum availability of $9,000,000 (“Revolver Commitment Amount”). The borrowing base is calculated as 85% of Eligible accounts receivable and inventory, as defined, subject to certain caps and limits. The borrowing base is calculated on a monthly basis. The proceeds of the term loan and revolver were used to finance the acquisition of CommAgility. In connection with the issuance of the New Credit Facility, the Company The Company must repay the Term Loan in installments of $38,000 per quarter due on the first day of each fiscal quarter The Term and Revolving Loans bear interest at the LIBOR rate plus a margin. The margin on the outstanding balance of the Company’s Term Loans and Revolving Loans is The New Credit Facility is secured by liens on substantially all of the Company’s and its domestic subsidiaries’ assets including a pledge of 66.66% of the equity interests in the Company’s Foreign Subsidiaries (as defined in the New Credit Facility). The New Credit Facility contains customary affirmative and negative covenants for a transaction of this type, including, among others, the provision of annual, quarterly and monthly financial statements and compliance certificates, maintenance of property, insurance, compliance with laws and environmental matters, restrictions on incurrence of indebtedness, granting of liens, making investments and acquisitions, paying dividends, entering into affiliate transactions and asset sales. Events of default under the New Credit Facility include but are not limited to: failure to pay obligations when due, breach or failure of any covenant, insolvency or bankruptcy, materially misleading representations or warranties, occurrence of a Change in Control (as defined) or occurrence of conditions that have a Material Adverse Effect (as defined). On August 3, 2017 the Company entered into Amendment No. 1 to the New Credit Facility, effective June 30, 2017, which amended the definition of EBITDA to exclude the non-cash inventory adjustment of $1,930,000 recorded during the three months ended June 30, 2017 and the reduce the pledge of equity interests in the Company’s Foreign Subsidiaries from 66.66% to 66.33%. As of September 30, 2017, and the date hereof, the Company is in compliance with the covenants of the New Credit Facility.

ACCOUNTING FOR SHARE BASED COMP

ACCOUNTING FOR SHARE BASED COMPENSATION	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 9 - ACCOUNTING FOR SHARE BASED COMPENSATION The Company follows the provisions of ASC 718, “ Share-Based Payment. During the nine months ended September 30, 2017 the Company reversed $324,922 and $92,017 in stock compensation expense for unvested stock options and restricted shares, respectively, that were forfeited as a result of employees exiting the Company. The total amounts forfeited were 87,000 restricted shares and 655,000 stock options. The Company had assumed a zero forfeiture rate in prior periods. 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 September 30, 2017, there were 26,000 All service-based options granted have ten-year terms from the date of grant and typically vest annually and become fully exercisable after a maximum of five years. However, vesting conditions are determined on a grant by grant basis. 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 compensation committee of the board of directors. Under the 2012 Plan, options may be granted to purchase shares of the Company’s common stock exercisable at prices equal to or above the fair market value on the date of the grant. The following summarizes the components of share-based compensation expense by equity type for the three and nine months ended September 30: Three Months Ended September 30 2017 2016 Service - based Restricted Common Stock $22,673 $40,598 Performance-based Restricted Common Stock 1,846 5,353 Performance-based Stock Options 21,500 28,650 Service -based Stock Options 177,900 160,773 223,919 235,374 Nine Months Ended 2017 2016 Service - based Restricted Common Stock $167,106 $151,598 Performance-based Restricted Common Stock (34,211 ) 16,059 Performance-based Stock Options (135,997 ) 85,950 Service -based Stock Options 510,893 179,005 507,791 432,612 As of September 30, 2017, $926,322 of unrecognized compensation costs related to unvested stock options is expected to be recognized over a remaining weighted average period of 3.06 years and $186,361 of unrecognized compensation costs related to unvested restricted shares is expected to be recognized over a remaining weighted average period of 1.2 years. Restricted Common Stock Awards: 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 September 30, 2017, and changes during the nine months ended September 30, 2017, are presented below: Non-vested Restricted Shares Number of Shares Weighted Non-vested as of January 1, 2017 244,291 $1.52 Granted 150,000 $1.65 Vested and Issued (121,563 ) $1.40 Forfeited (87,000 ) $1.62 Non-vested as of September 30, 2017 185,728 $1.66 Performance-Based Stock Option Awards: A summary of performance-based stock option activity, and related information for the nine months ended September 30, 2017 follows: Options Weighted Outstanding as of January 1, 2017 2,165,000 $1.32 Granted - - Exercised (550,000 ) $0.77 Forfeited (540,000 ) $1.77 Expired - - Outstanding as of September 30, 2017 1,075,000 $1.38 Exercisable at September 30, 2017 540,000 $1.14 The aggregate intrinsic value of performance-based stock options outstanding (regardless of whether or not such options are exercisable) as of September 30, 2017 was $347,800 and the weighted average remaining contractual life was 4.4 years. The aggregate intrinsic value of performance-based stock options exercisable as of September 30, 2017 was $285,800 and the weighted average remaining contractual life was 1.7 years. The intrinsic value of options exercised during the nine months ended September 30, 2017 was $359,100. 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. As of September 30, 2017, the Company has determined that the performance conditions on 535,000 options granted 2013 and later are probable of being achieved by the year ending 2020. The Company’s performance-based stock options granted prior to 2013 (consisting of 540,000 options) are fully amortized. Service-Based Stock Option Awards: A summary of service-based stock option activity and related information for the nine months ended September 30, 2017 follows: Options Weighted Average Exercise Price Outstanding as of January 1, 2017 1,198,000 $1.51 Granted 845,000 $1.68 Exercised - - Forfeited (115,000 ) $1.45 Expired (83,000 ) $3.00 Outstanding as of September 30, 2017 1,845,000 $1.53 Exercisable at September 30, 2017 508,333 $1.40 The aggregate intrinsic value of service-based stock options (regardless of whether or not such options are exercisable) as of September 30, 2017 was $297,750 and the weighted average remaining contractual life was 9.1 years. The aggregate intrinsic value of service-based stock options exercisable as of September 30, 2017 was $137,608 and the weighted average remaining contractual life was 8.8 years. The following table presents the assumptions used to estimate the fair value of stock option awards granted during the nine months ended September 30, 2017: Option Term (in years) Exercise Price Risk Free Interest Rate Expected Volatility Fair Value at Grant Date Expected Dividend Yield Expected Forfeiture Rate 1/2/17 Grant 4 $1.91 1.94 % 77.78 % $1.11 0 0 1/12/17 Grant 4 1.92 1.87 % 77.88 % 1.11 0 0 2/17/17 Grant 4 1.72 1.92 % 72.01 % 0.94 0 0 5/22/17 Grant 4 1.38 1.80 % 68.93 % 0.73 0 0 6/5/17 Grant 1 1.65 1.74 % 69.02 % 0.46 0 0 6/5/17 Grant 4 1.65 1.74 % 69.02 % 0.87 0 0 6/15/17 Grant 4 1.60 1.76 % 69.09 % 0.84 0 0

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 10 – SEGMENT INFORMATION The operating businesses of the Company are segregated into three reportable segments: (i) network solutions, (ii) test and measurement and (iii) embedded solutions. 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 embedded solutions segment is comprised of the operations of CommAgility Limited which was acquired on February 17, 2017. 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 and nine months ended September 30, 2017 and 2016 is set forth below: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Net sales by segment: Network solutions $6,427,646 $5,507,065 $17,560,210 $15,196,799 Test and measurement 3,901,486 2,837,236 10,253,863 7,126,021 Embedded solutions 2,231,166 - 6,228,157 - Total consolidated net sales of reportable segments 12,560,298 8,344,301 34,042,230 22,322,820 Segment income (loss): Network solutions 1,424,496 1,081,854 2,002,818 2,466,115 Test and measurement 769,603 179,879 253,471 (499,220 ) Embedded solutions 41,206 - (112,939 ) - Income (loss) from reportable segments 2,235,305 1,261,733 2,143,350 1,966,895 Other unallocated amounts: Corporate expenses (1,453,470 ) (993,650 ) (5,349,614 ) (2,972,851 ) Other (expenses) income - net (71,640 ) (27,267 ) (233,705 ) (79,137 ) Consolidated income (loss) before Income tax provision (benefit) 710,195 240,816 (3,439,968 ) (1,085,093 ) Depreciation and amortization by segment: Network solutions 106,785 68,002 311,777 181,706 Test and measurement 96,696 62,936 285,329 181,928 Embedded solutions 82,972 - 748,700 - Total depreciation and amortization for reportable segments 286,453 130,938 1,345,806 363,634 Capital expenditures by segment: Network solutions 107,162 132,022 249,701 415,401 Test and measurement 94,665 81,083 201,495 299,727 Embedded solutions 68,278 - 136,984 - Total consolidated capital expenditures by reportable segment 270,104 213,105 588,180 715,128 Financial information by reportable segment as of September 30, 2017 and December 31, 2016: September 30, 2017 December 31, 2016 Total assets by segment: Network solutions 10,055,232 10,594,770 Test and measurement 6,441,510 7,851,479 Embedded solutions 20,588,726 - Total assets for reportable segments 37,085,468 18,446,249 Corporate assets, principally cash and cash equivalents and deferred income taxes 11,478,892 16,988,886 Total consolidated assets 48,564,360 35,435,135 Consolidated net sales by region were as follows: Three Months Ended Nine Months Ended September 30 September 30 2017 2016 2017 2016 Sales by region Americas $10,083,348 $6,394,496 $25,343,053 $17,262,164 Europe, Middle East, Africa(EMEA) 2,051,218 1,600,694 7,253,334 4,042,081 Asia Pacific (APAC) 425,732 349,111 1,445,843 1,018,575 Total sales $12,560,298 $8,344,301 $34,042,230 $22,322,820 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 September 30, 2017 and 2016, revenues in the United States for all reportable segments amounted to $9,685,577 and $6,210,423, respectively. For the nine months ended September 30, 2017 and 2016, revenues in the United States for all reportable segments amounted to $24,115,968 and $16,593,877, respectively. Shipments to the EMEA region for all reportable segments were largely concentrated in the UK, Germany and Israel. For the three-months ended September 30, 2017 shipments to the UK and Germany amounted to $1,294,150 and $187,373, respectively. For the three-months ended September 30, 2016 shipments were largely concentrated in Israel and Germany amounting to $349,418 and $100,653, respectively. For the nine months ended September 30, 2017 shipments to the UK, Germany and Israel amounted to $4,078,506, $731,165 and $374,298, respectively. For the nine months ended September 30, 2016, shipments to Israel and Germany amounted to $722,595 and $573,058, respectively. The largest concentration of shipments in the APAC region is to China. For the three month period ending September 30, 2017 and 2016, shipments to China amounted to $188,426 and $231,485, respectively. For the nine month period ending September 30, 2017 and 2016 shipments to China amounted to $797,273 and $652,654, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 11 – COMMITMENTS AND CONTINGENCIES Warranties: The Company typically provides one to two 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 provide for the Company 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 had available an allowance of approximately $300,000 towards alterations and improvements to the premises, which expired on January 31, 2017. The Company used substantially all of the improvement allowance prior to its expiration. 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 September 30, 2017: Payments by Period Remainder Total 2017 2018-2019 2020-2021 Thereafter Facility Leases $2,674,362 $121,879 $1,007,135 $934,184 $611,164 Purchase Obligations 4,866,041 4,866,041 - - - Operating and Equipment Leases 238,648 13,508 108,067 108,067 9,006 $7,779,051 $5,001,428 $1,115,202 $1,042,251 $620,170 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. The Company’s deferred tax asset is recorded at tax rates expected to be in existence when those assets are utilized. Should the tax rates change materially in the future the amount of deferred tax asset could be materially impacted.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The condensed consolidated balance sheet as of September 30, 2017, the condensed consolidated statements of operations and comprehensive income/loss for the three and nine months ended September 30, 2017 and 2016, the condensed consolidated statements of cash flows for the nine months ended September 30, 2017 and 2016 and the condensed consolidated statement of shareholder’s equity for the nine months ended September 30, 2017 have been prepared by the Company (as defined below) without audit. The condensed consolidated financial statements include the accounts of Wireless Telecom Group, Inc., doing business as and operating under the trade name, NoiseCom, and its wholly owned subsidiaries including Boonton Electronics Corporation (“Boonton”), Microlab/FXR (“Microlab”), Wireless Telecommunications Ltd. and CommAgility Limited (“CommAgility”), which are collectively referred to herein as the “Company”. All intercompany transactions and balances have been eliminated in consolidation. It is suggested that these condensed financial statements be read in conjunction with the financial statements and the notes thereto included in the company’s latest shareholders’ annual report (Form 10-K).
Interim Financial Statements [Policy Text Block]	Interim Financial Statements 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, 2016. 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 results of operations for the three and nine month periods ended September 30, 2017 are not necessarily indicative of the results to be expected for the full year ending December 31, 2017.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates 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, intangible assets, estimated fair values of stock options and vesting periods of performance-based stock options and restricted stock and estimated fair values of acquired assets and liabilities in business combinations) and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of net revenues and expenses during the reporting period. Actual results could differ from those estimates.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company generally has limited concentration of credit risk in accounts receivable due to the large number of entities comprising the Company’s 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 September 30, 2017, one customer accounted for approximately 13% of the Company’s consolidated revenues and for the nine months ended September 30, 2017 one customer accounted for approximately 10% of the Company’s consolidated revenue. For the three and nine months ended September 30, 2016, one customer accounted for approximately 11% and 10%, respectively, of the Company’s consolidated revenues. At September 30, 2017 two customers represented 19% and 17% of the Company’s gross accounts receivable, respectively. At December 31, 2016, one customer represented 16% of the Company’s gross accounts receivable balance.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The accounting guidance establishes a three-tiered hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value: Level 1—Quoted prices in active markets for identical assets or liabilities. Level 2—Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The categorization of a financial instrument within the valuation hierarchy is based on the lowest level of input that is significant to the fair value measurement. The carrying amounts of the Company’s financial instruments, including cash, accounts receivable, accounts payable and accrued liabilities, approximate fair value due to their relatively short maturities. The Company’s term loan and revolving credit facility bear interest at a variable interest rate plus an applicable margin and, therefore, carrying amount approximates fair value.
Contingent Liability Reserve Estimate, Policy [Policy Text Block]	Contingent Consideration Under the terms of the CommAgility Share Purchase Agreement the Company may be required to pay additional purchase price if certain financial targets are achieved for the years ending December 31, 2017 and December 31, 2018 (“CommAgility Earn-Out”). As of the acquisition date, the Company estimated the fair value of the contingent consideration to be $754,500 (see Note 3) and the Company is required to reassess the fair value of the contingent consideration at each reporting period. The significant inputs used in this fair value estimate include gross revenues and Adjusted EBITDA, as defined, scenarios for the earn-out periods for which probabilities are assigned to each scenario to arrive at a single estimated outcome (Level 3). The estimated outcome is then discounted based on the individual risk analysis of the liability. Although the Company believes its estimates and assumptions are reasonable, different assumptions, including those regarding the operating results of CommAgility or changes in the future, may result in different estimated amounts. The contingent consideration is included in other long term liabilities in the accompanying condensed consolidated balance sheets. The Company will satisfy this obligation with a cash payment to the sellers of CommAgility upon the achievement of the respective milestone discussed above.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Revenue from product shipments, including shipping and handling fees, is recognized once delivery has occurred, provided that persuasive evidence of an arrangement exists, the price is fixed or determinable, and collectability is reasonably assured. Delivery is considered to have occurred when title and risk of loss have transferred to the customer. Revenues from international distributors are recognized in the same manner. If title does not pass until the product reaches the customer’s delivery site, then revenue recognition is deferred until that time. There are no formal sales incentives offered to any of the Company’s customers. Volume discounts may be offered from time to time to customers purchasing large quantities on a per transaction basis. Standalone sales of software or software-related items are recognized in accordance with the software revenue recognition guidance. For multiple deliverable arrangements that only include software items, the Company generally uses the residual method to allocate the arrangement consideration. Under the residual method, the amount of consideration allocated to the delivered items equals the total arrangement consideration, less the fair value of the undelivered items. Where vendor-specific objective evidence of fair value for the undelivered items cannot be determined, the Company generally defers revenue until all items are delivered and services have been performed, or until such evidence of fair value can be determined for the undelivered items. Software arrangements that require significant customization or modification of software are accounted for under percentage of completion accounting. The Company uses the input method to measure progress for arrangements accounted for under percentage of completion accounting.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation Assets and liabilities of non-U.S. subsidiaries that operate in a local currency environment, where the local currency is the functional currency, are translated from foreign currencies into U.S. dollars at period-end exchange rates while income and expenses are translated at the weighted average spot rate for the periods presented. Translation gains or losses related to net assets located outside the U.S. are shown as a component of accumulated other comprehensive income in the Condensed Consolidated Statements of Shareholders’ Equity. Gains and losses resulting from foreign currency transactions, which are denominated in currencies other than the Company’s functional currency, are included in the Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss).
Comprehensive Income, Policy [Policy Text Block]	Other Comprehensive Income (Loss) Other comprehensive income (loss) is recorded directly to a separate section of shareholders’ equity in accumulated other comprehensive income and primarily includes unrealized gains and losses excluded from the Consolidated Statements of Operations and Comprehensive Income/(Loss). These unrealized gains and losses consist of changes in foreign currency translation.
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Intangible and Long-lived Assets Intangible assets include patents, non-competition agreements, customer relationships and trademarks. Intangible assets with finite lives are amortized using the straight-line method over the estimated economic lives of the assets, which range from five to seven years. Long-lived assets, including intangible assets with finite lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Determination of recoverability is based on an estimate of undiscounted future cash flows resulting from the use of the asset and its eventual disposition. Measurement of an impairment loss for long-lived assets that management expects to hold and use is based on the estimated fair value of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or estimated fair value less costs to sell. The estimated useful lives of intangible and long-lived assets are based on many factors including assumptions regarding the effects of obsolescence, demand, competition and other economic factors, expectations regarding the future use of the asset, and our historical experience with similar assets. The assumptions used to determine the estimated useful lives could change due to numerous factors including product demand, market conditions, technological developments, economic conditions and competition. Intangible assets determined to have indefinite useful lives are not amortized but are tested for impairment annually and more frequently if event occur or circumstances change that indicate an asset may be impaired.
Goodwill and Intangible Assets, Policy [Policy Text Block]	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 evaluated for impairment annually by first performing a qualitative assessment to determine whether a quantitative goodwill test is necessary. After assessing the totality of events or circumstances, if we determine it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then we perform additional quantitative tests to determine the magnitude of any impairment.
Subsequent Events, Policy [Policy Text Block]	Subsequent Events 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.
New Accounting Pronouncements, Policy [Policy Text Block]	In January 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting. Under ASU 2016-09, companies will no longer record excess tax benefits and certain tax deficiencies in additional paid in capital (“APIC”). Instead, they will record all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement and the APIC pools will be eliminated. In addition, ASU 2016-09 eliminates the requirement that excess tax benefits be realized before companies can recognize them. ASU 2016-09 also requires companies to present excess tax benefits as an operating activity on the statement of cash flows rather than as a financing activity. Furthermore, ASU 2016-09 will increase the amount an employer can withhold to cover income taxes on awards and still qualify for the exception to liability classification for shares used to satisfy the employer’s statutory income tax withholding obligation. An employer with a statutory income tax withholding obligation will now be allowed to withhold shares with the fair value up to the amount of taxes owed using the maximum statutory rate in the employee’s applicable jurisdiction(s). ASU 2016- 09 requires a company to classify the cash paid to a tax authority when shares are withheld to satisfy its statutory income tax withholding obligation as a financing activity on the statement of cash flows. Under current U.S. GAAP, it is not specified how these cash flows should be classified. In addition, companies will now have to elect whether to account for forfeitures on share-based payments by (1) recognizing forfeiture awards as they occur or (2) estimating the number of awards expected to be forfeited and adjusting the estimate when it is likely to change, as is currently required. The amendments of this ASU are effective for reporting periods beginning after December 15, 2016, with early adoption permitted but all of the guidance must be adopted in the same period. The adopted standard has not had any impact on the Company’s financial statements. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations: Clarifying the Definition of a Business In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments In February 2016, the FASB issued ASU 2016-02, Leases 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 The Company does not believe there are any other recently issued, but not yet effective accounting pronouncements, that if adopted would have a material effect on the accompanying 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.

ACQUISITION (Tables)

ACQUISITION (Tables)	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following table summarizes the allocation of the purchase consideration to the fair value of assets acquired and liabilities assumed at the date of acquisition: As Reported Measurement Revised Cash at close $11,317,500 $11,317,500 Equity issued at close 5,998,548 5,998,548 Completion Cash Adjustment 1,382,288 1,382,288 Deferred Purchase Price 2,515,000 2,515,000 Contingent Consideration 2,700,353 (1,945,853 ) 754,500 Total Purchase Price 23,913,689 (1,945,853 ) 21,967,836 Cash 4,566,510 4,566,510 Accounts Receivable 2,267,124 2,267,124 Inventory 1,125,532 1,125,532 Intangible Assets 9,657,600 (4,540,833 ) 5,116,768 Contingent Asset 3,599,128 3,599,128 Other Assets 167,650 167,650 Fixed Assets 303,904 303,904 Accounts Payable (1,171,846 ) (1,171,846 ) Accrued Expenses (417,213 ) (417,213 ) Deferred Revenue (638,671 ) (638,671 ) Deferred Tax Liability (1,701,586 ) 867,308 (834,279 ) Other Long Term Liabilities (339,096 ) (339,096 ) Net Assets Acquired 13,819,908 13,745,511 Goodwill $10,093,781 $8,222,325
Schedule of Business Acquisitions by Acquisition Contingent Consideration and Deferred Purchase Price [Table Text Block]	The following table summarizes the activity related to Contingent Consideration and Deferred Purchase Price for the nine months ended September 30, 2017: Contingent Deferred Purchase Balance at Beginning of Period $ - $ - Fair Value At Acquisition Date 2,700,353 2,515,000 Accretion of Interest 68,204 Payment (1,071,666 ) Measurement Period Adjustment (1,945,853 ) Foreign Currency Translation 52,571 120,000 Balance as of September 30, 2017 $ 875,275 $ 1,563,334
Business Acquisition, Pro Forma Information [Table Text Block]	The following unaudited pro forma information presents the Company’s operations as if the CommAgility acquisition and related financing activities had occurred on January 1, 2016. Pro-forma results for the three months ended September 30, 2016 are presented below: (Unaudited) 2016 Net Revenues $ 11,613,576 Net (loss) $ (125,515 ) Basic net (loss) per share $ (0.01 ) Diluted net (loss) per share $ (0.01 ) Pro-forma results for the nine months ended September 30, 2016 and 2017 are presented below: (Unaudited) 2017 2016 Net Revenues $ 35,416,074 $ 31,066,037 Net (loss) $ (1,441,141 ) $ (1,602,277 ) Basic net (loss) per share $ (0.07 ) $ (0.08 ) Diluted net (loss) per share $ (0.07 ) $ (0.08 )

INCOME (LOSS) PER COMMON SHARE

INCOME (LOSS) PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares [Table Text Block]	For the Three Months For the Nine Months 2017 2016 2017 2016 Weighted average common shares outstanding 20,235,876 18,721,346 19,799,219 18,650,274 Potentially dilutive shares 2,702,312 637,622 - - Weighted average common shares outstanding, assuming dilution 22,938,188 19,358,968 19,799,219 18,650,274

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	September 30, December 31, Inventories consist of: Raw materials $3,214,276 $3,558,430 Work-in-process 641,449 531,210 Finished goods 2,630,071 4,363,111 $6,485,796 $8,452,751

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	Goodwill consists of the following: September 30, Beginning Balance $1,351,392 CommAgility Acquisition 10,093,781 Measurement Period Adj (1,871,456 Foreign Currency Translation 539,441 Ending Balance $10,113,158
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	Intangible assets consist of the following: Gross Carrying Accumulated Foreign Net Carrying Customer Relationships $2,766,500 ($346,437 ) $159,437 $2,579,500 Patents 614,918 (76,593 ) 35,028 573,353 Non Compete Agreements 1,106,600 (236,133 ) 63,069 933,535 Tradename 628,750 - 41,250 670,000 Total $5,116,768 (659,163 ) $298,784 $4,756,388
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	The estimated future amortization expense related to intangible assets is as follows as of September 30, 2017: Remainder of 2017 $278,430 2018 1,113,719 2019 1,113,719 2020 769,786 2021 720,652 Thereafter 90,082 Total $4,086,388

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Debt consists of the following: September 30, 2017 Revolver at LIBOR Plus Margin $1,271,927 Term Loan at LIBOR Plus Margin 684,000 Total Debt 1,955,927 Debt Maturing within one year (1,423,927 ) Non-current portion of long term debt $532,000

ACCOUNTING FOR SHARE BASED CO24

ACCOUNTING FOR SHARE BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2017
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 and nine months ended September 30: Three Months Ended September 30 2017 2016 Service - based Restricted Common Stock $22,673 $40,598 Performance-based Restricted Common Stock 1,846 5,353 Performance-based Stock Options 21,500 28,650 Service -based Stock Options 177,900 160,773 223,919 235,374 Nine Months Ended 2017 2016 Service - based Restricted Common Stock $167,106 $151,598 Performance-based Restricted Common Stock (34,211 ) 16,059 Performance-based Stock Options (135,997 ) 85,950 Service -based Stock Options 510,893 179,005 507,791 432,612
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 September 30, 2017, and changes during the nine months ended September 30, 2017, are presented below: Non-vested Restricted Shares Number of Shares Weighted Non-vested as of January 1, 2017 244,291 $1.52 Granted 150,000 $1.65 Vested and Issued (121,563 ) $1.40 Forfeited (87,000 ) $1.62 Non-vested as of September 30, 2017 185,728 $1.66
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The following table presents the assumptions used to estimate the fair value of stock option awards granted during the nine months ended September 30, 2017: Option Term (in years) Exercise Price Risk Free Interest Rate Expected Volatility Fair Value at Grant Date Expected Dividend Yield Expected Forfeiture Rate 1/2/17 Grant 4 $1.91 1.94 % 77.78 % $1.11 0 0 1/12/17 Grant 4 1.92 1.87 % 77.88 % 1.11 0 0 2/17/17 Grant 4 1.72 1.92 % 72.01 % 0.94 0 0 5/22/17 Grant 4 1.38 1.80 % 68.93 % 0.73 0 0 6/5/17 Grant 1 1.65 1.74 % 69.02 % 0.46 0 0 6/5/17 Grant 4 1.65 1.74 % 69.02 % 0.87 0 0 6/15/17 Grant 4 1.60 1.76 % 69.09 % 0.84 0 0
Performance Based Stock Options [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Tables) [Line Items]
Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of performance-based stock option activity, and related information for the nine months ended September 30, 2017 follows: Options Weighted Outstanding as of January 1, 2017 2,165,000 $1.32 Granted - - Exercised (550,000 ) $0.77 Forfeited (540,000 ) $1.77 Expired - - Outstanding as of September 30, 2017 1,075,000 $1.38 Exercisable at September 30, 2017 540,000 $1.14
Service Based Stock Options [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Tables) [Line Items]
Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of service-based stock option activity and related information for the nine months ended September 30, 2017 follows: Options Weighted Average Exercise Price Outstanding as of January 1, 2017 1,198,000 $1.51 Granted 845,000 $1.68 Exercised - - Forfeited (115,000 ) $1.45 Expired (83,000 ) $3.00 Outstanding as of September 30, 2017 1,845,000 $1.53 Exercisable at September 30, 2017 508,333 $1.40

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2017
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 and nine months ended September 30, 2017 and 2016 is set forth below: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Net sales by segment: Network solutions $6,427,646 $5,507,065 $17,560,210 $15,196,799 Test and measurement 3,901,486 2,837,236 10,253,863 7,126,021 Embedded solutions 2,231,166 - 6,228,157 - Total consolidated net sales of reportable segments 12,560,298 8,344,301 34,042,230 22,322,820 Segment income (loss): Network solutions 1,424,496 1,081,854 2,002,818 2,466,115 Test and measurement 769,603 179,879 253,471 (499,220 ) Embedded solutions 41,206 - (112,939 ) - Income (loss) from reportable segments 2,235,305 1,261,733 2,143,350 1,966,895 Other unallocated amounts: Corporate expenses (1,453,470 ) (993,650 ) (5,349,614 ) (2,972,851 ) Other (expenses) income - net (71,640 ) (27,267 ) (233,705 ) (79,137 ) Consolidated income (loss) before Income tax provision (benefit) 710,195 240,816 (3,439,968 ) (1,085,093 ) Depreciation and amortization by segment: Network solutions 106,785 68,002 311,777 181,706 Test and measurement 96,696 62,936 285,329 181,928 Embedded solutions 82,972 - 748,700 - Total depreciation and amortization for reportable segments 286,453 130,938 1,345,806 363,634 Capital expenditures by segment: Network solutions 107,162 132,022 249,701 415,401 Test and measurement 94,665 81,083 201,495 299,727 Embedded solutions 68,278 - 136,984 - Total consolidated capital expenditures by reportable segment 270,104 213,105 588,180 715,128
Schedule Of Segment Reporting Information Total Assets By Segment [Table Text Block]	Financial information by reportable segment as of September 30, 2017 and December 31, 2016: September 30, 2017 December 31, 2016 Total assets by segment: Network solutions 10,055,232 10,594,770 Test and measurement 6,441,510 7,851,479 Embedded solutions 20,588,726 - Total assets for reportable segments 37,085,468 18,446,249 Corporate assets, principally cash and cash equivalents and deferred income taxes 11,478,892 16,988,886 Total consolidated assets 48,564,360 35,435,135
Schedule Of Net Consolidated Sales By Region [Table Text Block]	Consolidated net sales by region were as follows: Three Months Ended Nine Months Ended September 30 September 30 2017 2016 2017 2016 Sales by region Americas $10,083,348 $6,394,496 $25,343,053 $17,262,164 Europe, Middle East, Africa(EMEA) 2,051,218 1,600,694 7,253,334 4,042,081 Asia Pacific (APAC) 425,732 349,111 1,445,843 1,018,575 Total sales $12,560,298 $8,344,301 $34,042,230 $22,322,820

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2017
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 September 30, 2017: Payments by Period Remainder Total 2017 2018-2019 2020-2021 Thereafter Facility Leases $2,674,362 $121,879 $1,007,135 $934,184 $611,164 Purchase Obligations 4,866,041 4,866,041 - - - Operating and Equipment Leases 238,648 13,508 108,067 108,067 9,006 $7,779,051 $5,001,428 $1,115,202 $1,042,251 $620,170

SUMMARY OF SIGNIFICANT ACCOUN27

SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND POLICIES (Details)	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Feb. 17, 2017USD ($)	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND POLICIES (Details) [Line Items]
Business combination contingent consideration fair value (in Dollars)	$ 754,500
Minimum [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND POLICIES (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life				5 years
Maximum [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND POLICIES (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life				7 years
Customer One [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND POLICIES (Details) [Line Items]
Number of Significant Customer Respect to Revenue		1	1	1	1
Concentration Risk, Percentage		13.00%	11.00%	10.00%	10.00%
Number of Significant Customer Respect to Accounts Receivable		2		2		1
Percentage Of Accounts Receivable Attributable To Significant Customer				19.00%		16.00%
Customer Two [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES AND POLICIES (Details) [Line Items]
Percentage Of Accounts Receivable Attributable To Significant Customer				17.00%

RECENT ACCOUNTING PRONOUNCEME28

RECENT ACCOUNTING PRONOUNCEMENTS (Details)	9 Months Ended
	Sep. 30, 2017
Accounting Changes and Error Corrections [Abstract]
Deferral Effective Period	1 year

ACQUISITION (Details)

ACQUISITION (Details)	1 Months Ended		3 Months Ended		9 Months Ended
	Feb. 17, 2017USD ($)shares	Feb. 17, 2017GBP (£)shares	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Feb. 17, 2017GBP (£)
ACQUISITION (Details) [Line Items]
Proceeds from term loan					$ 760,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (in Pounds)			$ 710,195	$ 240,816	(3,439,968)	$ (1,085,093)
Sales Revenue, Goods, Net			12,560,298	$ 8,344,301	34,042,230	$ 22,322,820
Accrued Expense And Other Current Liabilities Member
ACQUISITION (Details) [Line Items]
Business combination, deferred purchase price, liability			1,116,666		1,116,666
Other Noncurrent Liabilities [Member]
ACQUISITION (Details) [Line Items]
Business combination, deferred purchase price, liability			446,668		446,668
Business Combination, Contingent Consideration, Liability			875,275		$ 875,275
CommAgility [Member]
ACQUISITION (Details) [Line Items]
Business Acquisition, Date of Acquisition Agreement					Feb. 17, 2017
Payments to Acquire Businesses, Gross	$ 11,317,500
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | shares	3,487,528	3,487,528
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	$ 5,998,548
Proceeds from term loan	760,000
Proceeds From Asset Based Revolver Borrowings	1,098,000
Cash	9,459,500
Business Combination Deferred Purchase Price Payable	2,500,000						£ 2,000,000
Business Combination Contingent Milestone Payment	$ 12,500,000						£ 10,000,000
Business Acquisition Equity Interests Issued or Issuable Number of Shares Forfeited (in Shares) | shares	2,092,516	2,092,516
Business Acquisition Equity Interests Issued or Issuable Number of Shares Forfeited Condition	(a) 2017 EBITDA, as defined,generated by CommAgility is less than £2,400,000; or (b) 2018 EBITDA, as defined, generated by CommAgility is less than £2,400,000(in each case as determined by an audit of CommAgility conducted by the accountants of the Acquisition Subsidiary in accordancewith the terms of the Share Purchase Agreement).	(a) 2017 EBITDA, as defined,generated by CommAgility is less than £2,400,000; or (b) 2018 EBITDA, as defined, generated by CommAgility is less than £2,400,000(in each case as determined by an audit of CommAgility conducted by the accountants of the Acquisition Subsidiary in accordancewith the terms of the Share Purchase Agreement).
Business Combination, Contingent Consideration, Asset	$ 3,599,128
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed			0		$ 1,289,517
Sales Revenue, Goods, Net			$ 2,231,166		$ 6,228,157
CommAgility [Member] | Minimum [Member] | Two Thousand Seventeen Adjusted EBITDA [Member]
ACQUISITION (Details) [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (in Pounds) | £		£ 2,400,000
CommAgility [Member] | Minimum [Member] | Two Thousand Eighteen Adjusted EBITDA [Member]
ACQUISITION (Details) [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (in Pounds) | £		£ 2,400,000

ACQUISITION (Details) - Schedul

ACQUISITION (Details) - Schedule of preliminary allocation of purchase consideration - USD ($)	Sep. 30, 2017	Feb. 17, 2017	Sep. 30, 2017	Sep. 30, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Contingent Consideration		$ 754,500
Intangible Assets			$ 4,540,833
Goodwill	$ 10,113,158		10,113,158	$ 10,113,158	$ 1,351,392
CommAgility [Member]
Business Acquisition [Line Items]
Cash at close	11,317,500
Equity issued at close	5,998,548
Completion Cash Adjustment	1,382,288
Deferred Purchase Price	2,515,000
Contingent Consideration	754,500			2,700,353
Total Purchase Price	21,967,836
Cash	4,566,510		4,566,510	4,566,510
Accounts Receivable	2,267,124		2,267,124	2,267,124
Inventory	1,125,532		1,125,532	1,125,532
Intangible Assets	5,116,768		5,116,768	5,116,768
Contingent Asset	3,599,128		3,599,128	3,599,128
Other Assets	167,650		167,650	167,650
Fixed Assets	303,904		303,904	303,904
Accounts Payable	(1,171,846)		(1,171,846)	(1,171,846)
Accrued Expenses	(417,213)		(417,213)	(417,213)
Deferred Revenue	(638,671)		(638,671)	(638,671)
Deferred Tax Liability	(834,279)		(834,279)	(834,279)
Other Long Term Liabilities	(339,096)		(339,096)	(339,096)
Net Assets Acquired	13,745,511		13,745,511	13,745,511
Goodwill	8,222,325		8,222,325	8,222,325
CommAgility [Member] | Scenario, Previously Reported [Member]
Business Acquisition [Line Items]
Cash at close	11,317,500
Equity issued at close	5,998,548
Completion Cash Adjustment	1,382,288
Deferred Purchase Price	2,515,000
Contingent Consideration	2,700,353
Total Purchase Price	23,913,689
Cash	4,566,510		4,566,510	4,566,510
Accounts Receivable	2,267,124		2,267,124	2,267,124
Inventory	1,125,532		1,125,532	1,125,532
Intangible Assets	9,657,600		9,657,600	9,657,600
Other Assets	167,650		167,650	167,650
Fixed Assets	303,904		303,904	303,904
Accounts Payable	(1,171,846)		(1,171,846)	(1,171,846)
Accrued Expenses	(417,213)		(417,213)	(417,213)
Deferred Revenue	(638,671)		(638,671)	(638,671)
Deferred Tax Liability	(1,701,586)		(1,701,586)	(1,701,586)
Other Long Term Liabilities	(339,096)		(339,096)	(339,096)
Net Assets Acquired	13,819,908		13,819,908	13,819,908
Goodwill	10,093,781		$ 10,093,781	$ 10,093,781
CommAgility [Member] | Restatement Adjustment [Member]
Business Acquisition [Line Items]
Contingent Consideration	(1,945,853)
Total Purchase Price	(1,945,853)
Intangible Assets	(4,540,833)
Contingent Asset	3,599,128
Deferred Tax Liability	$ 867,308

ACQUISITION (Details) - Sched31

ACQUISITION (Details) - Schedule of activity related to contingent consideration and deferred purchase price - USD ($)	Sep. 30, 2017	Feb. 17, 2017	Sep. 30, 2017
ACQUISITION (Details) - Schedule of activity related to contingent consideration and deferred purchase price [Line Items]
Fair Value at Acquisition Date, Contingent Consideration		$ 754,500
CommAgility [Member]
ACQUISITION (Details) - Schedule of activity related to contingent consideration and deferred purchase price [Line Items]
Balance, Contingent Consideration	$ 875,275		$ 875,275
Balance, Deferred Purchase Price	1,563,334		1,563,334
Fair Value at Acquisition Date, Contingent Consideration	$ 754,500		2,700,353
Fair Value at Acquisition Date, Deferred Purchase Price			2,515,000
Accretion of Interest, Contingent Consideration			68,204
Payment, Deferred Purchase Price			(1,071,666)
Measurement Period Adjustment, Contingent Consideration			(1,945,853)
Foreign Currency Translation, Contingent Consideration			52,571
Foreign Currency Translation, Deferred Purchase Price			$ 120,000

ACQUISITION (Details) - Sched32

ACQUISITION (Details) - Schedule of pro forma information - CommAgility [Member] - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
ACQUISITION (Details) - Schedule of pro forma information [Line Items]
Net Revenues	$ 11,613,576	$ 35,416,074	$ 31,066,037
Net (loss)	$ (125,515)	$ (1,441,141)	$ (1,602,277)
Basic net (loss) per share	$ (0.01)	$ (0.07)	$ (0.08)
Diluted net (loss) per share	$ (0.01)	$ (0.07)	$ (0.08)

INCOME TAXES (Details)

INCOME TAXES (Details)	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	44.00%

INCOME (LOSS) PER COMMON SHAR34

INCOME (LOSS) PER COMMON SHARE (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,810,143	2,781,844	5,755,490	3,980,229

INCOME (LOSS) PER COMMON SHAR35

INCOME (LOSS) PER COMMON SHARE (Details) - Schedule of weighted average number of shares - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Schedule of weighted average number of shares [Abstract]
Weighted average common shares outstanding	20,235,876	18,721,346	19,799,219	18,650,274
Potentially dilutive shares	2,702,312	637,622
Weighted average common shares outstanding, assuming dilution	22,938,188	19,358,968	19,799,219	18,650,274

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	9 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Inventory Valuation Reserves	$ 2,067,103		$ 1,549,089
Inventory Adjustments	1,930,000	$ 1,930,000
Increase Decrease In Inventory Obsolescence Reserve	1,121,000
Inventory Write-down	$ 809,000

INVENTORIES (Details) - Schedul

INVENTORIES (Details) - Schedule of inventory, Current - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Inventories consist of:
Raw materials	$ 3,214,276	$ 3,558,430
Work-in-process	641,449	531,210
Finished goods	2,630,071	4,363,111
	$ 6,485,796	$ 8,452,751

GOODWILL AND INTANGIBLE ASSET38

GOODWILL AND INTANGIBLE ASSETS (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2017USD ($)	Dec. 31, 2016USD ($)
GOODWILL AND INTANGIBLE ASSETS (Details) [Line Items]
Goodwill	$ 10,113,158	$ 10,113,158	$ 1,351,392
Number of Reporting Units		2
Amortization of Intangible Assets	47,737	$ 659,163
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Adjustments	4,540,833
Amortization Of Intangible Assets Reduction	228,459
Microlab [Member]
GOODWILL AND INTANGIBLE ASSETS (Details) [Line Items]
Goodwill	1,351,392	1,351,392
Embedded Solutions [Member]
GOODWILL AND INTANGIBLE ASSETS (Details) [Line Items]
Goodwill	$ 8,761,766	$ 8,761,766

GOODWILL AND INTANGIBLE ASSET39

GOODWILL AND INTANGIBLE ASSETS (Details) - Schedule of goodwill	9 Months Ended
	Sep. 30, 2017USD ($)
Schedule of goodwill [Abstract]
Beginning Balance	$ 1,351,392
CommAgility Acquisition	10,093,781
Measurement Period Adj	(1,871,456)
Foreign Currency Translation	539,441
Ending Balance	$ 10,113,158

GOODWILL AND INTANGIBLE ASSET40

GOODWILL AND INTANGIBLE ASSETS (Details) - Schedule of intangible assets	Sep. 30, 2017USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 5,116,768
Accumulated Amortization	(659,163)
Foreign Exchange Translation	298,784
Net Carrying Amount	4,756,386
Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	628,750
Foreign Exchange Translation	41,250
Net Carrying Amount	670,000
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,766,500
Accumulated Amortization	(346,437)
Foreign Exchange Translation	159,437
Net Carrying Amount	2,579,500
Patents [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	614,918
Accumulated Amortization	(76,593)
Foreign Exchange Translation	35,028
Net Carrying Amount	573,353
Noncompete Agreements [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,106,600
Accumulated Amortization	(236,133)
Foreign Exchange Translation	63,069
Net Carrying Amount	$ 933,535

GOODWILL AND INTANGIBLE ASSET41

GOODWILL AND INTANGIBLE ASSETS (Details) - Schedule of estimated future amortization expense	Sep. 30, 2017USD ($)
Schedule of estimated future amortization expense [Abstract]
Remainder of 2017	$ 278,430
2,018	1,113,719
2,019	1,113,719
2,020	769,786
2,021	720,652
Thereafter	90,082
Total	$ 4,086,388

DEBT (Details)

DEBT (Details) - USD ($)	Aug. 03, 2017	Jun. 30, 2017	Sep. 30, 2017	Feb. 16, 2017
DEBT (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate			85.00%
Payment of Legal Fees (in Dollars)			$ 215,358
Debt Instrument, Covenant Description			If the Company’s Fixed Coverage Leverage Ratio (as defined in theNew Credit Facility) is greater than or equal to ratio 1.25 to 1.00, a margin of 3.25% and 2.75%, respectively, is added to LIBORrate with a step up to 3.50% and 3.00%, respectively, if the ratio is greater than or equal 1.00 to 1.00 but less than 1.25 to1.00 and another step up to 3.75% and 3.25%, respectively, if the ratio is less than 1.00 to 1.00.
Line of Credit Facility, Collateral			The New Credit Facility is securedby liens on substantially all of the Company’s and its domestic subsidiaries’ assets including a pledge of 66.66%of the equity interests in the Company’s Foreign Subsidiaries (as defined in the New Credit Facility).
Foreign Subsidiary Holding Pledged for New Credit Facility Percentage	66.33%	66.66%
Inventory Adjustments (in Dollars)		$ 1,930,000	$ 1,930,000
Term Loan [Member]
DEBT (Details) [Line Items]
Debt Instrument, Face Amount (in Dollars)				$ 760,000
Debt Instrument, Basis Spread on Variable Rate			3.50%
Debt Instrument, Periodic Payment (in Dollars)			$ 38,000
Debt Instrument, Date of First Required Payment			Apr. 1, 2017
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year (in Dollars)			$ 38,000
Long-term Debt, Maturities, Repayments of Principal in Rolling Year Two (in Dollars)			152,000
Long-term Debt, Maturities, Repayments of Principal in Rolling Year Three (in Dollars)			$ 494,000
Debt Instrument, Maturity Date			Nov. 16, 2019
Term Loan [Member] | Coverage Ratio Greater Than 1.25 to 1.00 [Member]
DEBT (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate			3.25%
Term Loan [Member] | Coverage Ratio Greater Than 1.00 to 1.00 Less Than 1.25 to 1.00 [Member]
DEBT (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate			3.50%
Term Loan [Member] | Coverage Ratio Less Than 1.00 to 1.00 [Member]
DEBT (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate			3.75%
Revolving Loan [Member]
DEBT (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)				$ 9,000,000
Debt Instrument, Basis Spread on Variable Rate			3.00%
Debt Instrument, Maturity Date			Nov. 16, 2019
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.50%
Revolving Loan [Member] | Coverage Ratio Greater Than 1.25 to 1.00 [Member]
DEBT (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate			2.75%
Revolving Loan [Member] | Coverage Ratio Greater Than 1.00 to 1.00 Less Than 1.25 to 1.00 [Member]
DEBT (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate			3.00%
Revolving Loan [Member] | Coverage Ratio Less Than 1.00 to 1.00 [Member]
DEBT (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate			3.25%
Penalty for Earlier Contractual Termination in Year One [Member]
DEBT (Details) [Line Items]
Line of Credit Facility Early Termination FeePercentage			2.00%
Penalty for Earlier Contractual Termination in Year Two [Member]
DEBT (Details) [Line Items]
Line of Credit Facility Early Termination FeePercentage			1.00%

DEBT (Details) - Schedule of De

DEBT (Details) - Schedule of Debt	Sep. 30, 2017USD ($)
DEBT (Details) - Schedule of Debt [Line Items]
Total Debt	$ 1,955,927
Debt Maturing within one year	(1,423,927)
Non-current portion of long term debt	532,000
Revolving Loan [Member]
DEBT (Details) - Schedule of Debt [Line Items]
Total Debt	1,271,927
Term Loan [Member]
DEBT (Details) - Schedule of Debt [Line Items]
Total Debt	$ 684,000

ACCOUNTING FOR SHARE BASED CO44

ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2013	Jun. 30, 2014
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) [Line Items]
Share-based Compensation	$ 223,919	$ 235,374	$ 507,791	$ 432,612
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)	26,000		26,000
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
Employee Stock Option [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) [Line Items]
Reversed Share Based Compensation			$ 324,922
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period (in Shares)			655,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 926,322		$ 926,322
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			3 years 21 days
Restricted Stock [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) [Line Items]
Reversed Share Based Compensation			$ 92,017
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in Shares)			87,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			1 year 73 days
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	186,361		$ 186,361
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)			150,000
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
Performance Based Stock Options [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period (in Shares)			540,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	347,800		$ 347,800
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term			4 years 146 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	285,800		$ 285,800
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term			1 year 255 days
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercised Aggregate Intrinsic Value	359,100		$ 359,100
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)			535,000		540,000
Service Based Stock Options [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period (in Shares)			115,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	297,750		$ 297,750
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$ 137,608		$ 137,608
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term			9 years 36 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term			8 years 292 days

ACCOUNTING FOR SHARE BASED CO45

ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of share-based compensation expense, components by equity type - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of share-based compensation expense, components by equity type [Line Items]
Share Based Compensation	$ 223,919	$ 235,374	$ 507,791	$ 432,612
Restricted Stock [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of share-based compensation expense, components by equity type [Line Items]
Share Based Compensation	22,673	40,598	167,106	151,598
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	1,846	5,353	(34,211)	16,059
Performance Shares [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of share-based compensation expense, components by equity type [Line Items]
Share Based Compensation	21,500	28,650	(135,997)	85,950
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	$ 177,900	$ 160,773	$ 510,893	$ 179,005

ACCOUNTING FOR SHARE BASED CO46

ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of non-vested restricted stock activity - Restricted Stock [Member]	9 Months Ended
	Sep. 30, 2017$ / sharesshares
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of non-vested restricted stock activity [Line Items]
Non-vested as of January 1, 2017 | shares	244,291
Non-vested as of January 1, 2017 | $ / shares	$ 1.52
Granted | shares	150,000
Granted | $ / shares	$ 1.65
Vested and Issued | shares	(121,563)
Vested and Issued | $ / shares	$ 1.40
Forfeited | shares	(87,000)
Forfeited | $ / shares	$ 1.62
Non-vested as of September 30, 2017 | shares	185,728
Non-vested as of September 30, 2017 | $ / shares	$ 1.66

ACCOUNTING FOR SHARE BASED CO47

ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of performance-based stock option activity, and related Information - Performance Based Stock Options [Member]	9 Months Ended
	Sep. 30, 2017$ / sharesshares
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of performance-based stock option activity, and related Information [Line Items]
Outstanding as of January 1, 2017 | shares	2,165,000
Outstanding as of January 1, 2017 | $ / shares	$ 1.32
Exercised | shares	(550,000)
Exercised | $ / shares	$ 0.77
Forfeited | shares	(540,000)
Forfeited | $ / shares	$ 1.77
Outstanding as of September 30, 2017 | shares	1,075,000
Outstanding as of September 30, 2017 | $ / shares	$ 1.38
Exercisable at September 30, 2017 | shares	540,000
Exercisable at September 30, 2017 | $ / shares	$ 1.14

ACCOUNTING FOR SHARE BASED CO48

ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of service-based stock option activity, and related Information - Service Based Stock Options [Member]	9 Months Ended
	Sep. 30, 2017$ / sharesshares
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of service-based stock option activity, and related Information [Line Items]
Outstanding as of January 1, 2017 | shares	1,198,000
Outstanding as of January 1, 2017 | $ / shares	$ 1.51
Granted | shares	845,000
Granted | $ / shares	$ 1.68
Forfeited | shares	(115,000)
Forfeited | $ / shares	$ 1.45
Expired | shares	(83,000)
Expired | $ / shares	$ 3
Outstanding as of September 30, 2017 | shares	1,845,000
Outstanding as of September 30, 2017 | $ / shares	$ 1.53
Exercisable at September 30, 2017 | shares	508,333
Exercisable at September 30, 2017 | $ / shares	$ 1.40

ACCOUNTING FOR SHARE BASED CO49

ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of assumptions used to estimate the fair value of stock option awards granted	9 Months Ended
	Sep. 30, 2017$ / shares
1/2/17 Grant [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of assumptions used to estimate the fair value of stock option awards granted [Line Items]
Option Term (in years)	4 years
Exercise Price (in Dollars per share)	$ 1.91
Risk Free Interest Rate	1.94%
Expected Volatility	77.78%
Fair Value at Grant Date (in Dollars per share)	$ 1.11
Expected Dividend Yield	0.00%
Expected Forfeiture Rate	0.00%
1/12/17 Grant [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of assumptions used to estimate the fair value of stock option awards granted [Line Items]
Option Term (in years)	4 years
Exercise Price (in Dollars per share)	$ 1.92
Risk Free Interest Rate	1.87%
Expected Volatility	77.88%
Fair Value at Grant Date (in Dollars per share)	$ 1.11
Expected Dividend Yield	0.00%
Expected Forfeiture Rate	0.00%
2/17/17 Grant [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of assumptions used to estimate the fair value of stock option awards granted [Line Items]
Option Term (in years)	4 years
Exercise Price (in Dollars per share)	$ 1.72
Risk Free Interest Rate	1.92%
Expected Volatility	72.01%
Fair Value at Grant Date (in Dollars per share)	$ 0.94
Expected Dividend Yield	0.00%
Expected Forfeiture Rate	0.00%
5/22/17 Grant [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of assumptions used to estimate the fair value of stock option awards granted [Line Items]
Option Term (in years)	4 years
Exercise Price (in Dollars per share)	$ 1.38
Risk Free Interest Rate	1.80%
Expected Volatility	68.93%
Fair Value at Grant Date (in Dollars per share)	$ 0.73
Expected Dividend Yield	0.00%
Expected Forfeiture Rate	0.00%
6/5/17 Grant [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of assumptions used to estimate the fair value of stock option awards granted [Line Items]
Option Term (in years)	1 year
Exercise Price (in Dollars per share)	$ 1.65
Risk Free Interest Rate	1.74%
Expected Volatility	69.02%
Fair Value at Grant Date (in Dollars per share)	$ 0.46
Expected Dividend Yield	0.00%
Expected Forfeiture Rate	0.00%
6/5/17 Grant [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of assumptions used to estimate the fair value of stock option awards granted [Line Items]
Option Term (in years)	4 years
Exercise Price (in Dollars per share)	$ 1.65
Risk Free Interest Rate	1.74%
Expected Volatility	69.02%
Fair Value at Grant Date (in Dollars per share)	$ 0.87
Expected Dividend Yield	0.00%
Expected Forfeiture Rate	0.00%
6/15/17 Grant [Member]
ACCOUNTING FOR SHARE BASED COMPENSATION (Details) - Schedule of assumptions used to estimate the fair value of stock option awards granted [Line Items]
Option Term (in years)	4 years
Exercise Price (in Dollars per share)	$ 1.60
Risk Free Interest Rate	1.76%
Expected Volatility	69.09%
Fair Value at Grant Date (in Dollars per share)	$ 0.84
Expected Dividend Yield	0.00%
Expected Forfeiture Rate	0.00%

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)
SEGMENT INFORMATION (Details) [Line Items]
Number of Reportable Segments			3
United States [Member]
SEGMENT INFORMATION (Details) [Line Items]
Revenue, Net	$ 9,685,577	$ 6,210,423	$ 24,115,968	$ 16,593,877
UNITED KINGDOM
SEGMENT INFORMATION (Details) [Line Items]
Revenue, Net	1,294,150		4,078,506
Germany [Member]
SEGMENT INFORMATION (Details) [Line Items]
Revenue, Net	187,373	100,653	731,165	573,058
Israel [Member]
SEGMENT INFORMATION (Details) [Line Items]
Revenue, Net		349,418	374,298	722,595
China [Member]
SEGMENT INFORMATION (Details) [Line Items]
Revenue, Net	$ 188,426	$ 231,485	$ 797,273	$ 652,654

SEGMENT INFORMATION (Details) -

SEGMENT INFORMATION (Details) - Schedule of segment reporting financial information including total assets by segment - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net sales by segment:
Net sales by segment	$ 12,560,298	$ 8,344,301	$ 34,042,230	$ 22,322,820
Segment income (loss):
Segment income (loss)	2,235,305	1,261,733	2,143,350	1,966,895
Other unallocated amounts:
Corporate expenses	(1,453,470)	(993,650)	(5,349,614)	(2,972,851)
Other (expenses) income - net	(71,640)	(27,267)	(233,705)	(79,137)
Consolidated income (loss) before Income tax provision (benefit)	710,195	240,816	(3,439,968)	(1,085,093)
Depreciation and amortization by segment:
Depreciation and amortization by segment	286,453	130,938	1,345,806	363,634
Capital expenditures by segment:
Capital expenditures by segment	270,104	213,105	588,180	715,128
Network Solutions [Member]
Net sales by segment:
Net sales by segment	6,427,646	5,507,065	17,560,210	15,196,799
Segment income (loss):
Segment income (loss)	1,424,496	1,081,854	2,002,818	2,466,115
Depreciation and amortization by segment:
Depreciation and amortization by segment	106,785	68,002	311,777	181,706
Capital expenditures by segment:
Capital expenditures by segment	107,162	132,022	249,701	415,401
Test and Measurement [Member]
Net sales by segment:
Net sales by segment	3,901,486	2,837,236	10,253,863	7,126,021
Segment income (loss):
Segment income (loss)	769,603	179,879	253,471	(499,220)
Depreciation and amortization by segment:
Depreciation and amortization by segment	96,696	62,936	285,329	181,928
Capital expenditures by segment:
Capital expenditures by segment	94,665	$ 81,083	201,495	$ 299,727
Embedded Solutions [Member]
Net sales by segment:
Net sales by segment	2,231,166		6,228,157
Segment income (loss):
Segment income (loss)	41,206		(112,939)
Depreciation and amortization by segment:
Depreciation and amortization by segment	82,972		748,700
Capital expenditures by segment:
Capital expenditures by segment	$ 68,278		$ 136,984

SEGMENT INFORMATION (Details)52

SEGMENT INFORMATION (Details) - Schedule of segment reporting information total assets by segment - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Total assets by segment:
Total assets by segments	$ 37,085,468	$ 18,446,249
Corporate assets, principally cash and cash equivalents and deferred income taxes	11,478,892	16,988,886
Total consolidated assets	48,564,360	35,435,135
Network Solutions [Member]
Total assets by segment:
Total assets by segments	10,055,232	10,594,770
Test and Measurement [Member]
Total assets by segment:
Total assets by segments	6,441,510	$ 7,851,479
Embedded Solutions [Member]
Total assets by segment:
Total assets by segments	$ 20,588,726

SEGMENT INFORMATION (Details)53

SEGMENT INFORMATION (Details) - Schedule of net consolidated sales by region - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
SEGMENT INFORMATION (Details) - Schedule of net consolidated sales by region [Line Items]
Sales	$ 12,560,298	$ 8,344,301	$ 34,042,230	$ 22,322,820
Americas [Member]
SEGMENT INFORMATION (Details) - Schedule of net consolidated sales by region [Line Items]
Sales	10,083,348	6,394,496	25,343,053	17,262,164
Europe, Middle East, Africa [Member]
SEGMENT INFORMATION (Details) - Schedule of net consolidated sales by region [Line Items]
Sales	2,051,218	1,600,694	7,253,334	4,042,081
Asia Pacific [Member]
SEGMENT INFORMATION (Details) - Schedule of net consolidated sales by region [Line Items]
Sales	$ 425,732	$ 349,111	$ 1,445,843	$ 1,018,575

COMMITMENTS AND CONTINGENCIES54

COMMITMENTS AND CONTINGENCIES (Details)	9 Months Ended
	Sep. 30, 2017USD ($)
COMMITMENTS AND CONTINGENCIES (Details) [Line Items]
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-yearperiod at fair market value to be determined at term expiration.
Lease Renewal Option	1
Lease Renewable Term	5 years
Minimum [Member]
COMMITMENTS AND CONTINGENCIES (Details) [Line Items]
Warranties Period of Product	1 year
Maximum [Member]
COMMITMENTS AND CONTINGENCIES (Details) [Line Items]
Warranties Period of Product	2 years

COMMITMENTS AND CONTINGENCIES55

COMMITMENTS AND CONTINGENCIES (Details) - Schedule of contractual obligations	Sep. 30, 2017USD ($)
COMMITMENTS AND CONTINGENCIES (Details) - Schedule of contractual obligations [Line Items]
Contractual Obligations, Total	$ 7,779,051
Contractual Obligations, Remainder 2017	5,001,428
Contractual Obligations, 2018-2019	1,115,202
Contractual Obligations, 2020-2021	1,042,251
Contractual Obligations, Thereafter	620,170
Facility Leases [Member]
COMMITMENTS AND CONTINGENCIES (Details) - Schedule of contractual obligations [Line Items]
Contractual Obligations, Total	2,674,362
Contractual Obligations, Remainder 2017	121,879
Contractual Obligations, 2018-2019	1,007,135
Contractual Obligations, 2020-2021	934,184
Contractual Obligations, Thereafter	611,164
Purchase Obligations [Member]
COMMITMENTS AND CONTINGENCIES (Details) - Schedule of contractual obligations [Line Items]
Contractual Obligations, Total	4,866,041
Contractual Obligations, Remainder 2017	4,866,041
Operating and Equipment Leases [Member]
COMMITMENTS AND CONTINGENCIES (Details) - Schedule of contractual obligations [Line Items]
Contractual Obligations, Total	238,648
Contractual Obligations, Remainder 2017	13,508
Contractual Obligations, 2018-2019	108,067
Contractual Obligations, 2020-2021	108,067
Contractual Obligations, Thereafter	$ 9,006