BIO-key International (BKYI) 10-Q 14 Aug 18 2018 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 13, 2018
Document Information [Line Items]
Entity Registrant Name	BIO KEY INTERNATIONAL INC
Entity Central Index Key	1,019,034
Trading Symbol	bkyi
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		12,591,279
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 304,006	$ 288,721
Accounts receivable, net	491,651	2,875,946
Due from factor	27,663	109,865
Inventory	930,478	946,847
Resalable software license rights	2,820,000	2,640,000
Prepaid expenses and other	156,695	152,654
Total current assets	4,730,493	7,014,033
Resalable software license rights, net of current portion	6,425,706	7,933,808
Accounts receivable, net of current portion	720,000	760,000
Equipment and leasehold improvements, net	189,360	181,165
Capitalized contract costs, net	341,622
Deposits and other assets	8,712	8,712
Intangible assets, net	187,826	181,104
Total non-current assets	7,873,226	9,064,789
TOTAL ASSETS	12,603,719	16,078,822
LIABILITIES
Accounts payable	330,431	499,230
Accrued liabilities	484,578	688,023
Dividends payable		630,408
Deferred revenue	328,183	507,866
Total current liabilities	1,143,192	2,325,527
TOTAL LIABILITIES	1,143,192	2,325,527
Commitments and contingencies
STOCKHOLDERS’ EQUITY
Common stock: authorized, 170,000,000 shares; issued and outstanding; 12,587,997 and 7,691,324 of $.0001 par value at June 30, 2018 and December 31, 2017, respectively	1,259	769
Additional paid-in capital	82,143,199	80,829,001
Accumulated deficit	(70,683,931)	(67,076,492)
TOTAL STOCKHOLDERS’ EQUITY	11,460,527	13,753,295
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	12,603,719	16,078,822
Series A-1 Convertible Preferred Stock [Member]
STOCKHOLDERS’ EQUITY
Preferred stock		6
Series B-1 Convertible Preferred Stock [Member]
STOCKHOLDERS’ EQUITY
Preferred stock		$ 11

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Preferred stock, shares authorized (in shares)	5,000,000
Preferred stock, par value (in dollars per share)	$ 0.0001
Common stock, shares authorized (in shares)	170,000,000	170,000,000
Common stock, shares issued (in shares)	12,587,997	7,691,324
Common stock, shares outstanding (in shares)	12,587,997	7,691,324
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Series A-1 Convertible Preferred Stock [Member]
Preferred stock, shares authorized (in shares)	100,000	100,000
Preferred stock, liquidation value	$ 100	$ 100
Preferred stock, shares issued (in shares)	0	62,596
Preferred stock, shares outstanding (in shares)	0	62,596
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Series B-1 Convertible Preferred Stock [Member]
Preferred stock, shares authorized (in shares)	105,000	105,000
Preferred stock, liquidation value	$ 100	$ 100
Preferred stock, shares issued (in shares)	0	105,000
Preferred stock, shares outstanding (in shares)	0	105,000
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues
Revenue	$ 748,141	$ 886,881	$ 1,589,596	$ 2,305,216
Costs and other expenses
Costs and other expenses	1,029,803	795,961	2,209,248	1,456,895
Gross profit (loss)	(281,662)	90,920	(619,652)	848,321
Operating Expenses
Selling, general and administrative	1,076,184	1,431,208	2,538,038	3,051,358
Research, development and engineering	297,633	449,049	689,787	942,493
Total Operating Expenses	1,373,817	1,880,257	3,227,825	3,993,851
Operating loss	(1,655,479)	(1,789,337)	(3,847,477)	(3,145,530)
Other income
Interest income	14	8	21	14
Total other income	14	8	21	14
Net loss	(1,655,465)	(1,789,329)	(3,847,456)	(3,145,516)
Convertible preferred stock dividends	(41,870)	(200,625)	(198,033)	(401,250)
Net loss available to common stockholders	$ (1,697,335)	$ (1,989,954)	$ (4,045,489)	$ (3,546,766)
Basic and Diluted Loss per Common Share (in dollars per share)	$ (0.15)	$ (0.32)	$ (0.42)	$ (0.57)
Weighted Average Shares Outstanding:
Basic and diluted (in shares)	11,375,320	6,359,974	9,623,151	6,228,197
Service [Member]
Revenues
Revenue	$ 249,121	$ 134,061	$ 551,570	$ 454,648
Costs and other expenses
Costs and other expenses	120,841	55,660	275,573	94,480
License [Member]
Revenues
Revenue	154,251	127,751	256,970	624,319
Costs and other expenses
Costs and other expenses	908,962	740,301	1,933,675	1,362,415
Hardware [Member]
Revenues
Revenue	$ 344,769	$ 625,069	$ 781,056	$ 1,226,249

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	2 Months Ended	3 Months Ended		6 Months Ended		8 Months Ended
	May 23, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	May 31, 2018
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss		$ (1,655,465)	$ (1,789,329)	$ (3,847,456)	$ (3,145,516)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:
Bad debt expense					500,000
Depreciation				44,596	15,513
Amortization of intangible assets				8,966	6,833
Amortization of resalable software license rights				1,318,559	729,755
Amortization of capitalized contract costs				59,044
Share-based and warrant compensation for employees and consultants				676,454	564,275
Stock based directors fees				23,021	10,008
Change in assets and liabilities:
Accounts receivable				2,424,295	715,357
Due from factor				82,202	24,176
Change in contract assets				(101,605)
Inventory				16,369	(101,754)
Resalable software license rights				9,543	75,648
Prepaid expenses and other				(4,041)	16,556
Accounts payable				(168,799)	(133,215)
Accrued liabilities				(203,445)	86,027
Deferred revenue				(179,683)	(215,598)
Net cash provided by (used for) operating activities				98,976	(851,935)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures				(68,479)	(140,664)
Net cash used for investing activities				(68,479)	(140,664)
CASH FLOW FROM FINANCING ACTIVITIES:
Issuance of common stock					1,000,000
Costs to issue preferred and common stock				(15,212)	(80,366)
Net cash provided by (used for) financing activities				(15,212)	919,634
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS				15,285	(72,965)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD				288,721	1,061,307
CASH AND CASH EQUIVALENTS, END OF PERIOD		304,006	988,342	304,006	988,342
Cash paid for:
Interest
Income taxes
Noncash investing and financing activities
Accrual of unpaid dividends on preferred stock		$ 198,033	$ 401,250	198,033	401,250
Issuance of common stock for consultancy services					114,585
Conversion of Dividends Payable on Series A-1 Preferred Stock to Common Stock [Member]
Noncash investing and financing activities
Conversion of preferred dividends payable to common stock				356,015		$ 896,015
Conversion of Series A-1 Shares into Common Stock [Member]
Noncash investing and financing activities
Conversion of preferred stock to common stock				6,259,600
Conversion of Dividends Payable on Series B-1 Preferred Stock to Common Stock [Member]
Noncash investing and financing activities
Conversion of preferred dividends payable to common stock	$ 472,426			472,426
Conversion of Series B-1 Shares into Common Stock [Member]
Noncash investing and financing activities
Conversion of preferred stock to common stock				$ 10,500,000

Note 1 - Nature of Business and

Note 1 - Nature of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Business Description and Accounting Policies [Text Block]	1. NATURE OF BUSINESS AND BASIS OF PRESENTATION Nature of Business BIO-key International, Inc., founded in 1993, Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements include the accounts of BIO-key International, Inc. and its wholly-owned subsidiary (collectively, the “Company” or “BIO-key”) and are stated in conformity with accounting principles generally accepted in the United States of America, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The operating results for interim periods are not may In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all necessary adjustments, consisting only of those of a recurring nature, and disclosures to present fairly the Company’s financial position and the results of its operations and cash flows for the periods presented. The balance sheet at June 30, 2018 not 10 December 31, 2017, April 2, 2018. Recently Issued Accounting Pronouncements In May 2014, No. 2014 09, 2014 09 606 January 1, 2018 3 In February 2016, 2016 02, 12 December 15, 2018, In July 2017, 2017 11, 260 480 815 2017 11, not no 480, not December 15, 2018, 2017 11, 2017 not Management does not not Reclassification Reclassifications occurred to certain prior year amounts in order to conform to the current year classifications including segregating the hardware revenues. The reclassifications have no

Note 2 - Going Concern

Note 2 - Going Concern	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]	2. GOING CONCERN The Company has incurred significant losses to date and at June 30, 2018 $71 June 30, 2018, $304,000, $289,000 December 31, 2017. The Company has financed operations in the past through access to the capital markets by issuing secured and convertible debt securities, convertible preferred stock, common stock, and through factoring receivables. The Company estimates that it currently requires approximately $592,000 If the Company is unable to generate sufficient revenue to meet its goals, it will need to obtain additional third No not The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"), which contemplate continuation of the Company as a going concern, and assumes continuity of operations, realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The matters described in the preceding paragraphs raise substantial doubt about the Company’s ability to continue as a going concern. Recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheet is dependent upon the Company’s ability to meet its financing requirements on a continuing basis, and become profitable in its future operations. The accompanying consolidated financial statements do not

Note 3 - Revenue From Contracts

Note 3 - Revenue From Contracts With Customers	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	3. REVENUE FROM CONTRACTS WITH CUSTOMERS The Company adopted ASC 606 January 1, 2018 not 2018 606 2017 605, Revenue Recognition 605 606 606, five ● Identify the contract with a customer ● Identify the performance obligations in the contract ● Determine the transaction price ● Allocate the transaction price to performance obligations in the contract ● Recognize revenue when or as the Company satisfies a performance obligation Disaggregation of Revenue The following table summarizes revenue from contracts with customers for the three North America South America EMEA * Asia June 30, 2018 License fees $ 69,151 $ 30,000 $ 55,100 $ - $ 154,251 Hardware 120,496 53,040 10,298 160,935 344,769 Support and Maintenance 225,602 16 12,503 3,000 241,121 Professional services 6,000 - 2,000 - 8,000 Total Revenues $ 421,249 $ 83,056 $ 79,901 $ 163,935 $ 748,141 North America South America EMEA* Asia June 30, 2017 License fees $ 37,168 $ 583 $ - $ 90,000 $ 127,751 Hardware 359,732 2,011 590 262,736 625,069 Support and Maintenance 114,275 176 9,100 310 123,861 Professional services 4,800 - - 5,400 10,200 Total Revenues $ 515,975 $ 2,770 $ 9,690 $ 358,446 $ 886,881 The following table summarizes revenue from contracts with customers for the six North America South America EMEA * Asia June 30, 2018 License fees $ 130,120 $ 30,000 $ 96,850 $ - $ 256,970 Hardware 220,086 53,040 225,074 282,856 781,056 Support and Maintenance 403,518 16 21,216 16,970 441,720 Professional services 107,850 - 2,000 - 109,850 Total Revenues $ 861,574 $ 83,056 $ 345,140 $ 299,826 $ 1,589,596 North America South America EMEA* Asia June 30, 2017 License fees $ 531,735 $ 583 $ - $ 92,000 $ 624,318 Hardware 721,822 2,341 590 501,496 1,226,249 Support and Maintenance 247,701 245 15,295 708 263,949 Professional services 185,300 - - 5,400 190,700 Total Revenues $ 1,686,558 $ 3,169 $ 15,885 $ 599,604 $ 2,305,216 *EMEA – Europe, Middle East, Africa All of the Company's performance obligations, and associated revenue, are generally transferred to customers at a point in time, with the exception of support and maintenance, and professional services, which are generally transferred to the customer over time. Software licenses Software license revenue consist of fees for perpetual software licenses for one Hardware Hardware revenue consists of fees for associated equipment sold with or without a software license arrangement, such as servers, locks and fingerprint readers. Customers are not third may Support and Maintenance Support and Maintenance revenue consists of fees for unspecified upgrades, telephone assistance and bug fixes. The Company satisfies its Support and Maintenance performance obligation by providing “stand-ready” assistance as required over the contract period. The Company records deferred revenue (contract liability) at time of invoice until the contracts term occurs. Revenue is recognized over time on a ratable basis over the contract term. Support and Maintenance contracts are up to one Professional Services Professional services revenues consist primarily of fees for deployment and optimization services, as well as training. The majority of the Company’s consulting contracts are billed on a time and materials basis, and revenue is recognized based on the amount billable to the customer in accordance with practical expedient ASC 606 10 55 18. Contracts with Multiple Performance Obligations Some contracts with customers contain multiple performance obligations. For these contracts, the Company accounts for individual performance obligations separately if they are distinct. The transaction price is allocated to the separate performance obligations on a relative standalone selling price basis. The standalone selling prices are determined based on overall pricing objectives, taking into consideration market conditions and other factors, including the value of the contracts, the cloud applications sold, customer demographics, geographic locations, and the number and types of users within the contracts. The Company considered several factors in determining that control transfers to the customer upon shipment of hardware and availability of download of software. These factors include that legal title transfers to the customer, the Company has a present right to payment, and the customer has assumed the risks and rewards of ownership. Accounts receivable from customers are typically due within 30 not Costs to Obtain and Fulfill a Contract Costs to obtain and fulfill a contract are predominantly sales commissions earned by the sales force and are considered incremental and recoverable costs of obtaining a contract with a customer. These costs are deferred and then amortized over a period of benefit determined to be four Financial Statement Impact of Adopting ASC 606 The Company adopted ASC 606 not January 1, 2018 606, As a result of applying the modified retrospective method to adopt the new revenue guidance, the following adjustments were made to the following select condensed consolidated balance sheet line items as of January 1, 2018: As reported - December 31, 2017 Adjustments As adjusted - January 1, 2018 Capitalized contract assets $ - $ 240,017 $ 240,017 Total assets $ 16,078,822 $ 240,017 $ 16,318,839 Accumulated deficit $ (67,076,492 ) $ 240,017 $ (66,836,475 ) Total Stockholders’ Equity $ 13,753,295 $ 240,017 $ 13,993,312 Total Liabilities and Stockholders’ Equity $ 16,078,822 $ 240,017 $ 16,318,839 Impact of New Revenue Guidance on Financial Statement Line Items The following table compares selected reported condensed consolidated balance sheet, statement of operations and cash flows, as of and for the three six June 30, 2018, As of June 30, 2018 As reported Pro-forma Increase (decrease) Consolidated balance sheet data: Capitalized contract costs, net $ 341,622 $ - $ (341,622 ) Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 As reported Pro-forma Increase (decrease) As reported Pro-forma Increase (decrease) Consolidated statement of operations data: Selling, general and administrative expenses 1,076,184 1,052,439 (23,745 ) $ 2,538,038 $ 2,639,643 $ 101,605 Net loss (1,655,465 ) (1,631,720 ) 23,745 (3,847,456 ) (3,949,061 ) (101,605 ) Net loss available to common stockholders (1,697,335 ) (1,673,590 ) 23,745 (4,045,489 ) (4,147,094 ) (101,605 ) Basic & Diluted Loss per Common Share (0.15 ) (0.15 ) 0.00 (0.42 ) (0.43 ) (0.01 ) Six Months Ended June 30, 2018 As reported Pro-forma Increase (decrease) Consolidated statement of cash flow data: Net loss (3,847,456 ) (3,949,061 ) (101,605 ) Change in contract assets (101,605 ) - 101,605 Net cash provided by operating activities 98,976 98,976 - Revenue recognized during the three six June 30, 2018 $79,000 $197,000 not $328,183 $507,866 June 30, 2018 December 31, 2017, Transaction Price Allocated to the Remaining Performance Obligations ASC 606 not June 30, 2018. ● The performance obligation is part of a contract that has an original expected duration of one 606 10 50 14. At June 30, 2018 one

Note 4 - Accounts Receivable

Note 4 - Accounts Receivable	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	4. ACCOUNTS RECEIVABLE Accounts receivable are carried at original amount less an estimate made for doubtful receivables based on a review of all outstanding amounts on a monthly basis. Management determines the allowance for doubtful receivables by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history, and current economic conditions. Accounts receivable are written off when deemed uncollectible. As a result of the payment delays for a large customer, the Company has continued to reserve $1,000,000 June 30, 2018, 58% June 30, 2018 December 31, 2017 June 30, December 31, 201 8 201 7 Accounts receivable - current $ 505,436 $ 2,889,731 Accounts receivable - non current 1,720,000 1,760,000 2,225,436 4,649,731 Allowance for doubtful accounts - current (13,785 ) (13,785 ) Allowance for doubtful accounts - non current (1,000,000 ) (1,000,000 ) (1,013,785 ) (1,013,785 ) Accounts receivable, net of allowance for doubtful accounts $ 1,211,651 $ 3,635,946

Note 5 - Share Based Compensati

Note 5 - Share Based Compensation	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	5. SHARE BASED COMPENSATION The following table presents share-based compensation expenses included in the Company’s unaudited condensed interim consolidated statements of operations: Three Months Ended June 30, 201 8 201 7 Selling, general and administrative $ 128,620 $ 394,264 Research, development and engineering 20,922 18,930 $ 149,542 $ 413,194 Six Months Ended June 30, 201 8 201 7 Selling, general and administrative $ 599,766 $ 507,120 Research, development and engineering 99,709 67,163 $ 699,475 $ 574,283

Note 6 - Factoring

Note 6 - Factoring	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Factoring [Text Block]	6. FACTORING Due from factor consisted of the following as of: June 30, December 31, 201 8 201 7 Original invoice value $ 118,494 $ 423,349 Factored amount (90,831 ) (313,484 ) Due from factor $ 27,663 $ 109,865 The Company entered into an accounts receivable factoring arrangement with a financial institution (the “Factor”) which has been extended to October 31, 2018. $150,000 35% 75% 2.75% 15% Three Months ended June 30, 201 8 201 7 Factoring fees $ 12,691 $ 85,326 Six Months ended June 30, 201 8 201 7 Factoring fees $ 104,214 $ 133,717

Note 7 - Inventory

Note 7 - Inventory	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Inventory Disclosure [Text Block]	7. INVENTORY Inventory is stated at the lower of cost, determined on a first first June 30, December 31, 201 8 201 7 Finished goods $ 408,984 $ 487,858 Fabricated assemblies 521,494 458,989 Total inventory $ 930,478 $ 946,847

Note 8 - Resalable Software Lic

Note 8 - Resalable Software License Rights	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Research, Development, and Computer Software Disclosure [Text Block]	8. RESALABLE SOFTWARE LICENSE RIGHTS On November 11, 2015, $12,000,000. 12 $2,820,000 The Company has determined the software license rights to be a finite lived intangible asset, and estimated that the software license rights shall be economically used over a 10 fourth 2015, not January 2017. first 2017. The remaining license rights are to be amortized over the greater of the following: 1 2 ten 3 $660,000 $390,000 three June 30, 2018 2017, $1,320,000 $778,092 six June 30, 2018 2017, 2018 $2,878,596 $9,121,404 June 30, 2018. On December 31, 2015, third $180,000 three $20,642 $22,020 three June 30, 2018 2017, $8,102 $14,400 $28,716 six June 30, 2018 2017, $55,698 $124,302 June 30, 2018. June 30, December 31, 201 8 201 7 Current resalable software license rights $ 2,820,000 $ 2,640,000 Non-current resalable software license rights 6,425,706 7,933,808 Total resalable software license rights $ 9,245,706 $ 10,573,808

Note 9 - Earnings (Loss) Per Sh

Note 9 - Earnings (Loss) Per Share - Common Stock ("EPS")	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Earnings Per Share [Text Block]	9. EARNINGS (LOSS) PER SHARE - COMMON STOCK (“EPS”) The Company’s basic EPS is calculated using net loss available to common shareholders and the weighted-average number of shares outstanding during the reporting period. Diluted EPS includes the effect from potential issuance of common stock, such as stock issuable pursuant to the exercise of stock options and warrants and the assumed conversion of convertible preferred stock. The reconciliation of the numerator of the basic and diluted EPS calculations was as follows for both of the following three six June 30, 2018 2017: Three Months ended June 30, Six Months ended June 30, 201 8 201 7 201 8 201 7 Basic Numerator: Net loss $ (1,655,465 ) $ (1,789,329 ) $ (3,847,456 ) $ (3,145,516 ) Convertible preferred stock dividends (41,870 ) (200,625 ) (198,033 ) (401,250 ) Net loss available to common stockholders $ (1,697,335 ) $ (1,989,954 ) $ (4,045,489 ) $ (3,546,766 ) The following table summarizes the weighted average securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive due to the net losses for the three six June 30, 2018 2017: Three Months ended June 30, Six Months ended June 30, 201 8 201 7 201 8 201 7 Preferred stock 1,200,767 5,416,667 2,853,513 5,416,667 Stock options 37,015 35,706 19,863 44,580 Warrants - 3,004 - 3,336 Total 1,237,782 5,455,377 2,873,376 5,464,583 Items excluded from the diluted per share calculation because the exercise price was greater than the average market price of the common shares: Three Months ended June 30, Six Months ended June 30, 201 8 201 7 201 8 201 7 Stock options 1,366,467 218,761 1,445,891 218,761 Warrants 1,398,969 1,212,163 1,398,969 1,212,163 Total 2,765,436 1,430,924 2,844,860 1,430,924

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	10. STOCKHOLDERS’ EQUITY Preferred Stock Within the limits and restrictions provided in the Company’s Certificate of Incorporation, the Board of Directors has the authority, without further action by the shareholders, to issue up to 5,000,000 $.0001 one June 30, 2018, 100,000 1 0 105,000 1 0 Series A- 1 On October 22 29, 2015, 84,500 1 1 $100.00 $8,450,000. November 11, 2015, 5,500 1 $100.00 $550,000. 1 1 $3.60 9.99% 1 August 7, 2017 35% 61 1 6% April 1, July, 1, October 1, January 1 October 1, 2017, ten 10 January 1, 2018, The holders of the Series A- 1 one 1 not 1 1 $100.00 1 Between September 22, 2017 May 31, 2018, 1 1 2,500,000 248,893 $896,015 1 As a result of the forgoing conversions, there are no 1 Overall balances and conversion of Series A- 1 Series A-1 Accrued Dividends Balance – January 1, 2017 90,000 $ 270,000 Accrual of dividends – Q1 2017 135,000 Accrual of dividends – Q2 2017 135,000 Accrual of dividends – Q3 2017 135,000 Conversion into common stock – September 2017 - (540,000 ) Conversion into common stock – October 2017 (27,404 ) - Accrual of dividends – Q4 2017 101,658 Balance – December 31, 2017 62,596 $ 236,658 Accrual of dividends – Q1 2018 93,894 Conversion into common stock – April 2018 (39,088 ) (330,552 ) Accrual of dividends – Q2 2018 (until final conversion) 25,463 Conversion into common stock – May 2018 (23,508 ) (25,463 ) Balance – June 30, 2018 - $ - The Series A- 1 815 15, 815 40 15, 1 $3.60 December 31, 2017, ten 10 not Series B- 1 On November 11, 2015, 105,000 1 1 $100.00 $10,500,000. 1 1 $3.60 9.99% 1 19.99% 61 1 2.5% April 1, July, 1, October 1, January 1 1 ten 10 The holders of the Series B- 1 one 1 not 1 1 $100.00 1 Between March 23, 2018 May 23, 2018, 1 1 2,916,668 131,230 $472,426 1 As a result of the forgoing conversions, there are no 1 Overall balances and conversion of Series B- 1 Series B -1 Accrued Dividends Balance – January 1, 2017 105,000 $ 131,250 Accrual of dividends – Q1 2017 65,625 Accrual of dividends – Q2 2017 65,625 Accrual of dividends – Q3 2017 65,625 Accrual of dividends – Q4 2017 65,625 Balance – December 31, 2017 105,000 393,750 Conversion into common stock – March 2018 (60,420 ) (417,084 ) Accrual of dividends – Q1 2018 62,268 Accrual of dividends – Q2 2018 (until final conversion) 16,408 Conversion into common stock – May 2018 (44,580 ) (55,342 ) Balance – June 30, 2018 - $ - The Series B- 1 815 15, 815 40 15, 1 $3.60 may ten 10 not Common Stock On March 23, 2018, 1 1,794,191 7,659 $15,011. On March 28, 2018, 762 $1,501. On April 3, 2018, 1 1,177,598 On May 10, 2018, 2,035 On May 14, 2018, 648 On May 23, 2018, 1 1,253,707 On May 31, 2018, 1 660,073 Derivative Liabilities In connection with the issuances of equity instruments or debt, the Company may may may may July 2017, 2017 11, 260 480 815 2017 11, not no Securities Purchase Agreement dated November 13, 2014 Pursuant to a Securities Purchase Agreement, dated November 13, 2014, 664,584 996,877 $1,595,000. The warrants have a term of five $3.60 February 2015. $3.60 not As a result of the early adoption of ASU 2017 11, no no no Securities Purchase Agreement dated September 23, 2015 On September 23, 2015, 69,445 $3.60 five The warrants have customary anti-dilution protections including a "full ratchet" anti-dilution adjustment provision which are triggered in the event the Company sells or $3.60 not As a result of the early adoption of ASU 2017 11, no no no Issuances of Stock Options On March 23, 2018, 9,000 six three seven $1.96. On March 23, 2018, 212,918 three seven $1.96. The fair value of the options issued during the three March 31, 2018 $381,876 2.56%, 4.5, 0, 143%. There were no three June 30, 2018.

Note 11 - Segment Information

Note 11 - Segment Information	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	11. SEGMENT INFORMATION The Company has determined that its continuing operations are one 56% 58% three June 30, 2018 2017, 54% 73% six June 30, 2018 2017,

Note 12 - Fair Values of Financ

Note 12 - Fair Values of Financial Instruments	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Fair Value Disclosures [Text Block]	12. FAIR VALUES OF FINANCIAL INSTRUMENTS Cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities, and due from factor, are carried at, or approximate, fair value because of their short-term nature.

Note 13 - Major Customers and A

Note 13 - Major Customers and Accounts Receivable	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	13. MAJOR CUSTOMERS AND ACCOUNTS RECEIVABLE For the three June 30, 2018 2017, two 34% three 52% six June 30, 2018 2017, two 37% three 44% Four customers accounted for 53% June 30, 2018. 100% June 30, 2018 December 31, 2017. $1,000,000 58% December 31, 2017, one 55%

Note 14 - Subsequent Events

Note 14 - Subsequent Events	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Subsequent Events [Text Block]	14. SUBSEQUENT EVENTS On August 9, 2018, 3,282

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements include the accounts of BIO-key International, Inc. and its wholly-owned subsidiary (collectively, the “Company” or “BIO-key”) and are stated in conformity with accounting principles generally accepted in the United States of America, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The operating results for interim periods are not may In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all necessary adjustments, consisting only of those of a recurring nature, and disclosures to present fairly the Company’s financial position and the results of its operations and cash flows for the periods presented. The balance sheet at June 30, 2018 not 10 December 31, 2017, April 2, 2018.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements In May 2014, No. 2014 09, 2014 09 606 January 1, 2018 3 In February 2016, 2016 02, 12 December 15, 2018, In July 2017, 2017 11, 260 480 815 2017 11, not no 480, not December 15, 2018, 2017 11, 2017 not Management does not not
Reclassification, Policy [Policy Text Block]	Reclassification Reclassifications occurred to certain prior year amounts in order to conform to the current year classifications including segregating the hardware revenues. The reclassifications have no

Note 3 - Revenue From Contrac21

Note 3 - Revenue From Contracts With Customers (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Disaggregation of Revenue [Table Text Block]	North America South America EMEA * Asia June 30, 2018 License fees $ 69,151 $ 30,000 $ 55,100 $ - $ 154,251 Hardware 120,496 53,040 10,298 160,935 344,769 Support and Maintenance 225,602 16 12,503 3,000 241,121 Professional services 6,000 - 2,000 - 8,000 Total Revenues $ 421,249 $ 83,056 $ 79,901 $ 163,935 $ 748,141 North America South America EMEA* Asia June 30, 2017 License fees $ 37,168 $ 583 $ - $ 90,000 $ 127,751 Hardware 359,732 2,011 590 262,736 625,069 Support and Maintenance 114,275 176 9,100 310 123,861 Professional services 4,800 - - 5,400 10,200 Total Revenues $ 515,975 $ 2,770 $ 9,690 $ 358,446 $ 886,881 North America South America EMEA * Asia June 30, 2018 License fees $ 130,120 $ 30,000 $ 96,850 $ - $ 256,970 Hardware 220,086 53,040 225,074 282,856 781,056 Support and Maintenance 403,518 16 21,216 16,970 441,720 Professional services 107,850 - 2,000 - 109,850 Total Revenues $ 861,574 $ 83,056 $ 345,140 $ 299,826 $ 1,589,596 North America South America EMEA* Asia June 30, 2017 License fees $ 531,735 $ 583 $ - $ 92,000 $ 624,318 Hardware 721,822 2,341 590 501,496 1,226,249 Support and Maintenance 247,701 245 15,295 708 263,949 Professional services 185,300 - - 5,400 190,700 Total Revenues $ 1,686,558 $ 3,169 $ 15,885 $ 599,604 $ 2,305,216
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	As reported - December 31, 2017 Adjustments As adjusted - January 1, 2018 Capitalized contract assets $ - $ 240,017 $ 240,017 Total assets $ 16,078,822 $ 240,017 $ 16,318,839 Accumulated deficit $ (67,076,492 ) $ 240,017 $ (66,836,475 ) Total Stockholders’ Equity $ 13,753,295 $ 240,017 $ 13,993,312 Total Liabilities and Stockholders’ Equity $ 16,078,822 $ 240,017 $ 16,318,839 As of June 30, 2018 As reported Pro-forma Increase (decrease) Consolidated balance sheet data: Capitalized contract costs, net $ 341,622 $ - $ (341,622 ) Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 As reported Pro-forma Increase (decrease) As reported Pro-forma Increase (decrease) Consolidated statement of operations data: Selling, general and administrative expenses 1,076,184 1,052,439 (23,745 ) $ 2,538,038 $ 2,639,643 $ 101,605 Net loss (1,655,465 ) (1,631,720 ) 23,745 (3,847,456 ) (3,949,061 ) (101,605 ) Net loss available to common stockholders (1,697,335 ) (1,673,590 ) 23,745 (4,045,489 ) (4,147,094 ) (101,605 ) Basic & Diluted Loss per Common Share (0.15 ) (0.15 ) 0.00 (0.42 ) (0.43 ) (0.01 ) Six Months Ended June 30, 2018 As reported Pro-forma Increase (decrease) Consolidated statement of cash flow data: Net loss (3,847,456 ) (3,949,061 ) (101,605 ) Change in contract assets (101,605 ) - 101,605 Net cash provided by operating activities 98,976 98,976 -

Note 4 - Accounts Receivable (T

Note 4 - Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	June 30, December 31, 201 8 201 7 Accounts receivable - current $ 505,436 $ 2,889,731 Accounts receivable - non current 1,720,000 1,760,000 2,225,436 4,649,731 Allowance for doubtful accounts - current (13,785 ) (13,785 ) Allowance for doubtful accounts - non current (1,000,000 ) (1,000,000 ) (1,013,785 ) (1,013,785 ) Accounts receivable, net of allowance for doubtful accounts $ 1,211,651 $ 3,635,946

Note 5 - Share Based Compensa23

Note 5 - Share Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Three Months Ended June 30, 201 8 201 7 Selling, general and administrative $ 128,620 $ 394,264 Research, development and engineering 20,922 18,930 $ 149,542 $ 413,194 Six Months Ended June 30, 201 8 201 7 Selling, general and administrative $ 599,766 $ 507,120 Research, development and engineering 99,709 67,163 $ 699,475 $ 574,283

Note 6 - Factoring (Tables)

Note 6 - Factoring (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	June 30, December 31, 201 8 201 7 Accounts receivable - current $ 505,436 $ 2,889,731 Accounts receivable - non current 1,720,000 1,760,000 2,225,436 4,649,731 Allowance for doubtful accounts - current (13,785 ) (13,785 ) Allowance for doubtful accounts - non current (1,000,000 ) (1,000,000 ) (1,013,785 ) (1,013,785 ) Accounts receivable, net of allowance for doubtful accounts $ 1,211,651 $ 3,635,946
Factoring Fees [Table Text Block]	Three Months ended June 30, 201 8 201 7 Factoring fees $ 12,691 $ 85,326 Six Months ended June 30, 201 8 201 7 Factoring fees $ 104,214 $ 133,717
Factored Accounts Receivable [Member]
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	June 30, December 31, 201 8 201 7 Original invoice value $ 118,494 $ 423,349 Factored amount (90,831 ) (313,484 ) Due from factor $ 27,663 $ 109,865

Note 7 - Inventory (Tables)

Note 7 - Inventory (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, December 31, 201 8 201 7 Finished goods $ 408,984 $ 487,858 Fabricated assemblies 521,494 458,989 Total inventory $ 930,478 $ 946,847

Note 8 - Resalable Software L26

Note 8 - Resalable Software License Rights (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Software License Rights [Table Text Block]	June 30, December 31, 201 8 201 7 Current resalable software license rights $ 2,820,000 $ 2,640,000 Non-current resalable software license rights 6,425,706 7,933,808 Total resalable software license rights $ 9,245,706 $ 10,573,808

Note 9 - Earnings (Loss) Per 27

Note 9 - Earnings (Loss) Per Share - Common Stock ("EPS") (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months ended June 30, Six Months ended June 30, 201 8 201 7 201 8 201 7 Basic Numerator: Net loss $ (1,655,465 ) $ (1,789,329 ) $ (3,847,456 ) $ (3,145,516 ) Convertible preferred stock dividends (41,870 ) (200,625 ) (198,033 ) (401,250 ) Net loss available to common stockholders $ (1,697,335 ) $ (1,989,954 ) $ (4,045,489 ) $ (3,546,766 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months ended June 30, Six Months ended June 30, 201 8 201 7 201 8 201 7 Preferred stock 1,200,767 5,416,667 2,853,513 5,416,667 Stock options 37,015 35,706 19,863 44,580 Warrants - 3,004 - 3,336 Total 1,237,782 5,455,377 2,873,376 5,464,583 Three Months ended June 30, Six Months ended June 30, 201 8 201 7 201 8 201 7 Stock options 1,366,467 218,761 1,445,891 218,761 Warrants 1,398,969 1,212,163 1,398,969 1,212,163 Total 2,765,436 1,430,924 2,844,860 1,430,924

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Preferred Stock and Accrued Dividends [Table Text Block]	Series A-1 Accrued Dividends Balance – January 1, 2017 90,000 $ 270,000 Accrual of dividends – Q1 2017 135,000 Accrual of dividends – Q2 2017 135,000 Accrual of dividends – Q3 2017 135,000 Conversion into common stock – September 2017 - (540,000 ) Conversion into common stock – October 2017 (27,404 ) - Accrual of dividends – Q4 2017 101,658 Balance – December 31, 2017 62,596 $ 236,658 Accrual of dividends – Q1 2018 93,894 Conversion into common stock – April 2018 (39,088 ) (330,552 ) Accrual of dividends – Q2 2018 (until final conversion) 25,463 Conversion into common stock – May 2018 (23,508 ) (25,463 ) Balance – June 30, 2018 - $ - Series B -1 Accrued Dividends Balance – January 1, 2017 105,000 $ 131,250 Accrual of dividends – Q1 2017 65,625 Accrual of dividends – Q2 2017 65,625 Accrual of dividends – Q3 2017 65,625 Accrual of dividends – Q4 2017 65,625 Balance – December 31, 2017 105,000 393,750 Conversion into common stock – March 2018 (60,420 ) (417,084 ) Accrual of dividends – Q1 2018 62,268 Accrual of dividends – Q2 2018 (until final conversion) 16,408 Conversion into common stock – May 2018 (44,580 ) (55,342 ) Balance – June 30, 2018 - $ -

Note 2 - Going Concern (Details

Note 2 - Going Concern (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jan. 01, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Retained Earnings (Accumulated Deficit), Ending Balance	$ (70,683,931)	$ (66,836,475)	$ (67,076,492)
Cash and Cash Equivalents, at Carrying Value, Ending Balance	304,006		$ 288,721	$ 988,342	$ 1,061,307
Monthly Cash Requirement to Conduct Operations and Pay Dividend Obligations	$ 592,000

Note 3 - Revenue From Contrac30

Note 3 - Revenue From Contracts With Customers (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Capitalized Contract Cost, Amortization Period	4 years		4 years
Contract with Customer, Liability, Revenue Recognized	$ 79,000	$ 0	$ 197,000	$ 0
Contract with Customer, Liability, Total	$ 328,183	$ 507,866	$ 328,183	$ 507,866

Note 3 - Revenue From Contrac31

Note 3 - Revenue From Contracts With Customers - Disaggregation of Revenue (Details) - USD ($)		3 Months Ended			6 Months Ended
		Jun. 30, 2018		Jun. 30, 2017	Jun. 30, 2018		Jun. 30, 2017
Revenue		$ 748,141		$ 886,881	$ 1,589,596		$ 2,305,216
North America [Member]
Revenue		421,249		515,975	861,574		1,686,558
South America [Member]
Revenue		83,056		2,770	83,056		3,169
EMEA [Member]
Revenue	[1]	79,901		9,690	345,140		15,885
Asia [Member]
Revenue		163,935		358,446	299,826		599,604
License [Member]
Revenue		154,251		127,751	256,970		624,319
License [Member] | North America [Member]
Revenue		69,151		37,168	130,120		531,735
License [Member] | South America [Member]
Revenue		30,000		583	30,000		583
License [Member] | EMEA [Member]
Revenue		55,100	[1]		96,850	[1]
License [Member] | Asia [Member]
Revenue				90,000			92,000
Hardware [Member]
Revenue		344,769		625,069	781,056		1,226,249
Hardware [Member] | North America [Member]
Revenue		120,496		359,732	220,086		721,822
Hardware [Member] | South America [Member]
Revenue		53,040		2,011	53,040		2,341
Hardware [Member] | EMEA [Member]
Revenue	[1]	10,298		590	225,074		590
Hardware [Member] | Asia [Member]
Revenue		160,935		262,736	282,856		501,496
Maintenance [Member]
Revenue		241,121		123,861	441,720		263,949
Maintenance [Member] | North America [Member]
Revenue		225,602		114,275	403,518		247,701
Maintenance [Member] | South America [Member]
Revenue		16		176	16		245
Maintenance [Member] | EMEA [Member]
Revenue	[1]	12,503		9,100	21,216		15,295
Maintenance [Member] | Asia [Member]
Revenue		3,000		310	16,970		708
Professional Services [Member]
Revenue		8,000		10,200	109,850		190,700
Professional Services [Member] | North America [Member]
Revenue		6,000		4,800	107,850		185,300
Professional Services [Member] | South America [Member]
Revenue
Professional Services [Member] | EMEA [Member]
Revenue		2,000	[1]		2,000	[1]
Professional Services [Member] | Asia [Member]
Revenue				$ 5,400			$ 5,400
[1]	EMEA - Europe, Middle East, Africa

Note 3 - Revenue From Contrac32

Note 3 - Revenue From Contracts With Customers - Adoption of ASC 606 (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jan. 01, 2018	Dec. 31, 2017
Capitalized contract assets	$ 341,622		$ 341,622		$ 240,017
Total assets	12,603,719		12,603,719		16,318,839	16,078,822
Accumulated deficit	(70,683,931)		(70,683,931)		(66,836,475)	(67,076,492)
TOTAL STOCKHOLDERS’ EQUITY	11,460,527		11,460,527		13,993,312	13,753,295
Total Liabilities and Stockholders’ Equity	12,603,719		12,603,719		16,318,839	$ 16,078,822
Selling, general and administrative	1,076,184	$ 1,431,208	2,538,038	$ 3,051,358
Net loss	(1,655,465)	(1,789,329)	(3,847,456)	(3,145,516)
Net loss available to common stockholders	$ (1,697,335)	$ (1,989,954)	$ (4,045,489)	$ (3,546,766)
Basic and Diluted Loss per Common Share (in dollars per share)	$ (0.15)	$ (0.32)	$ (0.42)	$ (0.57)
Change in contract assets			$ (101,605)
Net cash provided by operating activities			98,976	$ (851,935)
Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Capitalized contract assets
Selling, general and administrative	1,052,439		2,639,643
Net loss	(1,631,720)		(3,949,061)
Net loss available to common stockholders	$ (1,673,590)		$ (4,147,094)
Basic and Diluted Loss per Common Share (in dollars per share)	$ (0.15)		$ (0.43)
Change in contract assets
Net cash provided by operating activities			98,976
Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
Capitalized contract assets	$ (341,622)		(341,622)
Selling, general and administrative	(23,745)		101,605
Net loss	23,745		(101,605)
Net loss available to common stockholders	$ 23,745		$ (101,605)
Basic and Diluted Loss per Common Share (in dollars per share)	$ 0		$ (0.01)
Change in contract assets			$ 101,605
Net cash provided by operating activities
Accounting Standards Update 2014-09 [Member]
Capitalized contract assets					240,017
Total assets					240,017
Accumulated deficit					240,017
TOTAL STOCKHOLDERS’ EQUITY					240,017
Total Liabilities and Stockholders’ Equity					$ 240,017

Note 4 - Accounts Receivable (D

Note 4 - Accounts Receivable (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Allowance for Doubtful Accounts Receivable, Noncurrent	$ 1,000,000	$ 1,000,000
Percentage of Remaining Balance Owned Reserved	58.00%

Note 4 - Accounts Receivable -

Note 4 - Accounts Receivable - Summary of Accounts Receivable (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Accounts receivable - current	$ 505,436	$ 2,889,731
Accounts receivable - non current	1,720,000	1,760,000
Total accounts receivable	2,225,436	4,649,731
Allowance for doubtful accounts - current	(13,785)	(13,785)
Allowance for doubtful accounts - non current	(1,000,000)	(1,000,000)
Total allowance for doubtful accounts	(1,013,785)	(1,013,785)
Accounts receivable, net of allowance for doubtful accounts	$ 1,211,651	$ 3,635,946

Note 5 - Share Based Compensa35

Note 5 - Share Based Compensation - Expenses for Continuing Operations (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Share-based compensation expense	$ 149,542	$ 413,194	$ 699,475	$ 574,283
Selling, General and Administrative Expenses [Member]
Share-based compensation expense	128,620	394,264	599,766	507,120
Research and Development Expense [Member]
Share-based compensation expense	$ 20,922	$ 18,930	$ 99,709	$ 67,163

Note 6 - Factoring (Details Tex

Note 6 - Factoring (Details Textual)	1 Months Ended
	Dec. 31, 2011USD ($)
Factoring Arrangement, Minimum Amount of Accounts Receivable Per Quarter	$ 150,000
Minimum [Member]
Factoring Fees Percent	2.75%
Maximum [Member]
Factoring Fees Percent	15.00%
Geographic Distribution, Foreign [Member]
Percentage Of Accounts Receivable Remitted By Factor	35.00%
Geographic Distribution, Domestic [Member]
Percentage Of Accounts Receivable Remitted By Factor	75.00%

Note 6 - Factoring - Due From F

Note 6 - Factoring - Due From Factor (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Original invoice value	$ 118,494	$ 423,349
Factored amount	(90,831)	(313,484)
Due from factor	$ 27,663	$ 109,865

Note 6 - Factoring - Fees (Deta

Note 6 - Factoring - Fees (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Factoring fees	$ 12,691	$ 85,326	$ 104,214	$ 133,717

Note 7 - Inventory - Components

Note 7 - Inventory - Components of Inventory (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Finished goods	$ 408,984	$ 487,858
Fabricated assemblies	521,494	458,989
Total inventory	$ 930,478	$ 946,847

Note 8 - Resalable Software L40

Note 8 - Resalable Software License Rights (Details Textual) - USD ($)	Dec. 31, 2015	Nov. 11, 2015	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Software License Rights, Current			$ 2,820,000		$ 2,820,000		$ 2,820,000	$ 2,820,000	$ 2,640,000
Amortization of Intangible Assets, Total					8,966	$ 6,833
Software License Rights			9,245,706		$ 9,245,706		9,245,706	9,245,706	$ 10,573,808
Licensing Agreements [Member]
Payments to Acquire Intangible Assets		$ 12,000,000
Finite-Lived Intangible Asset, Useful Life					10 years
Amortization of Intangible Assets, Total			660,000	$ 390,000	$ 1,320,000	778,092	2,878,596
Software License Rights			9,121,404		9,121,404		9,121,404	9,121,404
Software License Rights [Member]
Amortization of Intangible Assets, Total			20,642	$ 22,020	8,102	$ 28,716		55,698
Software License Rights			$ 124,302		124,302		$ 124,302	$ 124,302
Payments to Acquire Software	$ 180,000
Amortization of Intangible Assets, Credits					$ 14,400

Note 8 - Resalable Software L41

Note 8 - Resalable Software License Rights - Summary of Software License Rights (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Resalable software license rights	$ 2,820,000	$ 2,640,000
Resalable software license rights, net of current portion	6,425,706	7,933,808
Total resalable software license rights	$ 9,245,706	$ 10,573,808

Note 9 - Earnings (Loss) Per 42

Note 9 - Earnings (Loss) Per Share - Common Stock ("EPS") - Reconciliation of Numerator of Basic and Diluted EPS Calculations (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net loss	$ (1,655,465)	$ (1,789,329)	$ (3,847,456)	$ (3,145,516)
Convertible preferred stock dividends	(41,870)	(200,625)	(198,033)	(401,250)
Net loss available to common stockholders	$ (1,697,335)	$ (1,989,954)	$ (4,045,489)	$ (3,546,766)

Note 9 - Earnings (Loss) Per 43

Note 9 - Earnings (Loss) Per Share - Common Stock ("EPS") - Securities Excluded From the Diluted Per Share Calculation (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Exercise Price Less Than Average Market Price Of Common Shares [Member]
Antidilutive securities (in shares)	1,237,782	5,455,377	2,873,376	5,464,583
Exercise Price Less Than Average Market Price Of Common Shares [Member] | Preferred Stock [Member]
Antidilutive securities (in shares)	1,200,767	5,416,667	2,853,513	5,416,667
Exercise Price Less Than Average Market Price Of Common Shares [Member] | Employee Stock Option [Member]
Antidilutive securities (in shares)	37,015	35,706	19,863	44,580
Exercise Price Less Than Average Market Price Of Common Shares [Member] | Warrant [Member]
Antidilutive securities (in shares)		3,004		3,336
Exercise Price Greater Than Average Market Price Of Common Shares [Member]
Antidilutive securities (in shares)	2,765,436	1,430,924	2,844,860	1,430,924
Exercise Price Greater Than Average Market Price Of Common Shares [Member] | Employee Stock Option [Member]
Antidilutive securities (in shares)	1,366,467	218,761	1,445,891	218,761
Exercise Price Greater Than Average Market Price Of Common Shares [Member] | Warrant [Member]
Antidilutive securities (in shares)	1,398,969	1,212,163	1,398,969	1,212,163

Note 10 - Stockholders' Equit44

Note 10 - Stockholders' Equity (Details Textual) - USD ($)	May 31, 2018	May 23, 2018	May 14, 2018	May 10, 2018	Apr. 03, 2018	Mar. 28, 2018	Mar. 23, 2018	Nov. 11, 2015	Oct. 29, 2015	Sep. 23, 2015	Nov. 13, 2014	May 31, 2018	Apr. 30, 2018	Mar. 31, 2018	Oct. 31, 2017	Sep. 30, 2017	May 23, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2018	Jun. 30, 2017	May 31, 2018	Dec. 31, 2017
Preferred Stock, Shares Authorized																		5,000,000		5,000,000
Preferred Stock, Par or Stated Value Per Share																		$ 0.0001		$ 0.0001
Stock Issued During Period, Shares, Conversion of Convertible Securities							1,794,191
Class of Warrant or Right, Exercise Price of Warrants or Rights								$ 3.60
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross																		0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Fair Value Amount																			$ 381,876
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate																			2.56%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term																			4 years 182 days
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate																			0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate																			143.00%
Promissory Note [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights										69,445
Private Investor SPA [Member]
Stock Issued During Period, Shares, New Issues											664,584
Class of Warrant or Right, Number of Securities Called by Warrants or Rights											996,877
Proceeds from Issuance of Private Placement											$ 1,595,000
Term Of Warrant											5 years
Class of Warrant or Right, Exercise Price of Warrants or Rights											$ 3.60
Director [Member]
Stock Issued During Period, Shares, Issued for Services			648	2,035		762	7,659
Stock Issued During Period, Value, Issued for Services						$ 1,501	$ 15,011
Six Non-Employee Members of the Board of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross							9,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price							$ 1.96
Six Non-Employee Members of the Board of Directors [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period							3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period							7 years
Certain Officers, Employees, and Contractors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross							212,918
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price							$ 1.96
Certain Officers, Employees, and Contractors [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period							3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period							7 years
Conversion of Series A-1 Shares into Common Stock [Member]
Conversion of Stock, Shares Issued																						2,500,000
Conversion of Dividends Payable on Series A-1 Preferred Stock to Common Stock [Member]
Conversion of Dividends Payable, Shares Issued																						248,893
Conversion of Dividends Payable, Amount Converted																				$ 356,015		$ 896,015
Stock Issued During Period, Shares, Conversion of Convertible Securities	660,073				1,177,598
Conversion of Series B-1 Shares into Common Stock [Member]
Conversion of Stock, Shares Issued																	2,916,668
Conversion of Dividends Payable on Series B-1 Preferred Stock to Common Stock [Member]
Conversion of Dividends Payable, Shares Issued																	131,230
Conversion of Dividends Payable, Amount Converted																	$ 472,426			$ 472,426
Stock Issued During Period, Shares, Conversion of Convertible Securities		1,253,707
Series A-1 Convertible Preferred Stock [Member]
Preferred Stock, Shares Authorized																		100,000		100,000			100,000
Preferred Stock, Par or Stated Value Per Share																		$ 0.0001		$ 0.0001			$ 0.0001
Preferred Stock, Shares Issued, Total																		0		0			62,596
Stock Issued During Period, Shares, New Issues								5,500	84,500
Share Price								$ 100	$ 100
Proceeds from Issuance of Convertible Preferred Stock								$ 550,000	$ 8,450,000
Initial Conversion Price								$ 3.60
Conversion Cap								35.00%
Preferred Stock, Dividend Rate, Percentage								6.00%
Period Preceding the Dividend Payment Date								10 days
Liquidation Value Per Share								$ 100
Conversion of Dividends Payable, Amount Converted												$ 25,463	$ 330,552			$ 540,000
Preferred Stock, Shares Outstanding, Ending Balance																		0		0			62,596
Series A-1 Convertible Preferred Stock [Member] | Maximum [Member]
Maximum Ownership as a Result of Conversion								9.99%
Series B-1 Convertible Preferred Stock [Member]
Preferred Stock, Shares Authorized																		105,000		105,000			105,000
Preferred Stock, Par or Stated Value Per Share																		$ 0.0001		$ 0.0001			$ 0.0001
Preferred Stock, Shares Issued, Total																		0		0			105,000
Stock Issued During Period, Shares, New Issues								105,000
Share Price								$ 100
Proceeds from Issuance of Convertible Preferred Stock								$ 10,500,000
Initial Conversion Price								$ 3.60
Preferred Stock, Dividend Rate, Percentage								2.50%
Period Preceding the Dividend Payment Date								10 days
Liquidation Value Per Share								$ 100
Equity Facility, Aggregate Sales Limitation, Percentage of Total Outstanding Share								19.99%
Conversion of Dividends Payable, Amount Converted												$ 55,342		$ 417,084
Preferred Stock, Shares Outstanding, Ending Balance																		0		0			105,000
Series B-1 Convertible Preferred Stock [Member] | Maximum [Member]
Maximum Ownership as a Result of Conversion								9.99%
September 2015 Warrants [Member]
Term Of Warrant										5 years
Class of Warrant or Right, Exercise Price of Warrants or Rights										$ 3.60

Note 10 - Stockholders' Equit45

Note 10 - Stockholders' Equity - Balances and Conversion of Preferred Shares and Accrued Dividends (Details) - USD ($)	1 Months Ended					3 Months Ended						6 Months Ended
	May 31, 2018	Apr. 30, 2018	Mar. 31, 2018	Oct. 31, 2017	Sep. 30, 2017	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2018	Jun. 30, 2017
Balance									$ 401,250
Balance						$ 198,033				$ 401,250		$ 198,033	$ 401,250
Series A-1 Convertible Preferred Stock [Member]
Balance (in shares)							62,596				90,000	62,596	90,000
Balance							$ 236,658				$ 270,000	$ 236,658	$ 270,000
Accrual of dividends						$ 25,463	$ 93,894	$ 101,658	135,000	135,000	$ 135,000
Conversion into common stock (in shares)	(23,508)	(39,088)		(27,404)
Conversion into common stock	$ (25,463)	$ (330,552)			$ (540,000)
Balance (in shares)								62,596
Balance								$ 236,658
Series B-1 Convertible Preferred Stock [Member]
Balance (in shares)							105,000				105,000	105,000	105,000
Balance							$ 393,750				$ 131,250	$ 393,750	$ 131,250
Accrual of dividends						$ 16,408	$ 62,268	$ 65,625	$ 65,625	$ 65,625	$ 65,625
Conversion into common stock (in shares)	(44,580)		(60,420)
Conversion into common stock	$ (55,342)		$ (417,084)
Balance (in shares)								105,000
Balance								$ 393,750

Note 11 - Segment Information (

Note 11 - Segment Information (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Number of Reportable Segments			1
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | North America [Member]
Concentration Risk, Percentage	56.00%	58.00%	54.00%	73.00%

Note 13 - Major Customers and47

Note 13 - Major Customers and Accounts Receivable (Details Textual)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017	Jun. 30, 2018USD ($)	Jun. 30, 2017	Dec. 31, 2017USD ($)
Allowance for Doubtful Accounts Receivable, Noncurrent	$ 1,000,000		$ 1,000,000		$ 1,000,000
Percentage of Remaining Balance Owned Reserved			58.00%
Customer Concentration Risk [Member] | Sales Revenue, Net [Member]
Concentration Risk, Number of Major Customers	2	3	2	3
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Two Customers [Member]
Concentration Risk, Percentage	34.00%		37.00%
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Three Customers [Member]
Concentration Risk, Percentage		52.00%		44.00%
Customer Concentration Risk [Member] | Current Accounts Receivable [Member]
Concentration Risk, Number of Major Customers			4		1
Customer Concentration Risk [Member] | Current Accounts Receivable [Member] | Four Customers [Member]
Concentration Risk, Percentage			53.00%
Customer Concentration Risk [Member] | Current Accounts Receivable [Member] | One Customer [Member]
Concentration Risk, Percentage					55.00%
Customer Concentration Risk [Member] | Non-current Accounts Receivable [Member]
Concentration Risk, Number of Major Customers			1		1
Customer Concentration Risk [Member] | Non-current Accounts Receivable [Member] | One Customer [Member]
Concentration Risk, Percentage			100.00%		100.00%

Note 14 - Subsequent Events (De

Note 14 - Subsequent Events (Details Textual) - Director [Member] - shares	Aug. 09, 2018	May 14, 2018	May 10, 2018	Mar. 28, 2018	Mar. 23, 2018
Stock Issued During Period, Shares, Issued for Services		648	2,035	762	7,659
Subsequent Event [Member]
Stock Issued During Period, Shares, Issued for Services	3,282