Talon International (TALN) 10-Q 12 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 11, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	TALON INTERNATIONAL, INC.
Trading Symbol	TALN
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		92,267,831
Amendment Flag	false
Entity Central Index Key	1,047,881
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 2,565,626	$ 2,603,138
Accounts receivable, net	3,449,269	3,019,749
Inventories, net	563,728	506,272
Current deferred income tax assets, net	894,282	746,370
Prepaid expenses and other current assets	581,563	551,775
Total current assets	8,054,468	7,427,304
Property and equipment, net	747,420	584,586
Intangible assets, net	4,313,169	4,300,084
Deferred income tax assets, net	5,248,912	5,374,468
Other assets	415,717	416,035
Total assets	18,779,686	18,102,477
Current liabilities:
Accounts payable	6,275,647	6,191,954
Other accrued expenses	2,473,231	2,403,563
Revolving credit loan	1,600,000	1,500,000
Current portion of revolving term loan from related party	83,333
Current portion of term loan payable		1,816,667
Current portion of capital lease obligations	21,509
Total current liabilities	11,158,308	11,912,184
Revolving term loan from related party, net of discounts and current portion	1,805,218
Term loan payable, net of current portion		1,016,667
Capital lease obligations, net of current portion	66,433
Deferred income tax liabilities	7,318	13,961
Other liabilities	207,080	26,077
Total liabilities	$ 13,244,357	$ 12,968,889
Commitments and contingencies (Note 11)
Stockholders’ Equity:
Common Stock, $0.001 par value, 300,000,000 shares authorized; 92,267,831 shares issued and outstanding at September 30, 2015 and December 31, 2014	$ 92,268	$ 92,268
Additional paid-in capital	64,387,694	64,175,254
Accumulated deficit	(59,051,178)	(59,250,109)
Accumulated other comprehensive income	106,545	116,175
Total stockholders’ equity	5,535,329	5,133,588
Total liabilities and stockholders’ equity	18,779,686	$ 18,102,477
Employee Severance [Member]
Current liabilities:
Accrued severance payments	$ 704,588

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Common Stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common Stock, shares authorized	300,000,000	300,000,000
Common Stock, shares issued	92,267,831	92,267,831
Common Stock,shares outstanding	92,267,831	92,267,831

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss)(Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net sales	$ 9,992,091	$ 11,749,970	$ 36,587,791	$ 39,052,257
Cost of goods sold	6,618,550	8,031,238	24,617,384	26,193,109
Gross profit	3,373,541	3,718,732	11,970,407	12,859,148
Sales and marketing expenses	1,494,693	1,636,759	4,778,754	4,754,723
General and administrative expenses	1,715,617	1,766,851	6,401,400	6,165,544
Total operating expenses	3,210,310	3,403,610	11,180,154	10,920,267
Income from operations	163,231	315,122	790,253	1,938,881
Interest expense, net	127,966	96,871	328,527	317,756
Loss on extinguishment of debt	134,049		134,049
Income (loss) before provision for income taxes	(98,784)	218,251	327,677	1,621,125
Provision for (benefit from) income taxes, net	(8,431)	161,165	128,746	732,299
Net income (loss)	(90,353)	57,086	198,931	888,826
Other comprehensive income (loss) from foreign currency translation	$ (10,220)	$ (1,141)	$ (9,630)	$ 716
Basic and diluted net income (loss) per share (in Dollars per share)	$ 0	$ 0	$ 0	$ 0.01
Weighted average number of common shares outstanding - Basic (in Shares)	92,267,831	92,267,831	92,267,831	92,115,167
Weighted average number of common shares outstanding - Diluted (in Shares)	92,267,831	94,431,171	93,519,892	94,411,036
Net income (loss)	$ (90,353)	$ 57,086	$ 198,931	$ 888,826
Total comprehensive income (loss)	$ (100,573)	$ 55,945	$ 189,301	$ 889,542

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ 198,931	$ 888,826
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	189,309	207,195
Loss on extinguishment of debt	134,049
Loss (gain) on disposal of property and equipment	281	(2,130)
Amortization of deferred financing cost and debt discounts	109,117	67,708
Stock based compensation	92,808	181,410
Deferred income taxes (benefits), net	(29,590)	321,867
Bad debt recoveries, net	(7,370)	(4,720)
Inventory valuation provisions, net	10,882	9,436
Changes in operating assets and liabilities:
Accounts receivable	(446,813)	42,178
Inventories	(69,326)	215,452
Prepaid expenses and other current assets	(32,923)	(4,592)
Other assets.	(97,293)	(16,727)
Accounts payable and accrued expenses	943,966	(541,082)
Other liabilities	47,670	(9,377)
Net cash provided by operating activities	1,043,698	1,355,444
Cash flows from investing activities:
Proceeds from sale of equipment	350	2,783
Acquisitions of property and equipment	(121,393)	(148,989)
Acquisitions of intangibles	(22,898)	(40,037)
Net cash used in investing activities	(143,941)	(186,243)
Cash flows from financing activities:
Revolving credit loan borrowings	700,000	500,000
Payment of revolving credit loan	(600,000)	(500,000)
Payment of financing costs associated with credit facilities	(138,715)
Payment of capital leases	(6,799)
Payments related to taxes on the exercise of stock options and settlement of RSUs		(143,537)
Proceeds from exercise of stock options		29,709
Net cash used in financing activities	(878,848)	(1,363,828)
Net effect of foreign currency exchange translation on cash	(58,421)	(4,377)
Net decrease in cash and cash equivalents	(37,512)	(199,004)
Cash and cash equivalents at beginning of period	2,603,138	3,779,508
Cash and cash equivalents at end of period	2,565,626	3,580,504
Princess Investment Holdings, Inc [Member]
Cash flows from financing activities:
Revolving term loan from related party borrowings	2,000,000
Term Loan Payable [Member]
Cash flows from financing activities:
Payments of term loan payable	$ (2,833,334)	$ (1,250,000)

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Information (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash received (paid) during the period for:
Interest paid	$ (203,919)	$ (253,124)
Interest received	1,998	2,867
Income tax paid (refunded), net (principally foreign)	9,858	(70,316)
Non-cash financing activities:
Capital lease obligation	94,741
Non-cash exercise of stock options and settlement of RSUs in common stock		649
Warrants Issued To Related Party [Member]
Non-cash financing activities:
Warrants issued to related party	119,632
Effect of Foreign Currency Translation on Net Assets [Member]
Non-cash financing activities:
Lease incentives	(9,630)	716
Effect of foreign currency translation on net assets	(9,630)	$ 716
Leasehold Improvements [Member]
Non-cash financing activities:
Lease incentives	133,333
Effect of foreign currency translation on net assets	$ 133,333

Note 1 - Presentation of Interi

Note 1 - Presentation of Interim Information	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1. Presentation of Interim Information The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. Certain information and footnote disclosures normally included in comprehensive financial statements have been condensed or omitted pursuant to such rules and regulations, although the management of Talon International, Inc. and its consolidated subsidiaries (collectively, the “Company”) believes that the disclosures made are adequate to make the information not misleading. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 2. Summary of Significant Accounting Policies A complete description of the Company’s Significant Accounting Policies is included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, and should be read in conjunction with these unaudited consolidated financial statements. The Significant Accounting Policies noted below are only those policies that have changed materially or have supplemental information included for the periods presented here. Allowance for Accounts Receivable Doubtful Accounts The Company is required to make judgments as to the collectibility of accounts receivable based on established aging policy, historical experience and future expectations. The allowances for doubtful accounts represent allowances for customer trade accounts that are estimated to be partially or entirely uncollectible. These allowances are used to reduce gross trade receivables to their net realizable value. The Company records these allowances based on estimates related to the following factors: (i) customer specific allowances; (ii) amounts based upon an aging schedule; and (iii) an estimated amount, based on the Company’s historical experience, for issues not yet identified. Bad debt expense (recoveries), net for the three and nine months ended September 30, 2015 were $7,487 and $(7,370), respectively. Bad debt expense (recoveries), net for the three and nine months ended September 30, 2014 were $4,374 and $(4,720), respectively. Fair Value Measurements Fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, the guidance under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, “ Fair Value Measurements and Disclosures Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - Includes other inputs that are directly or indirectly observable in the marketplace. Level 3 - Unobservable inputs which are supported by little or no market activity. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company’s financial instruments include cash and cash equivalents, accounts receivable, other assets, accounts payable, accrued expenses, revolving credit loan, revolving term loan from related party, net of discounts, term loan payable, capital lease obligations and other liabilities. The book value of the financial instruments is representative of their fair values. In accordance with this guidance, the Company measures its cash equivalents at fair value. The Company’s cash equivalents are classified within Level 1. Cash equivalents are valued primarily using quoted market prices utilizing market observable inputs. At September 30, 2015 and December 31, 2014, cash equivalents consisted of money market funds measured at fair value on a recurring basis; fair value of the Company’s money market funds was approximately $791,000 and $1,018,000, respectively. Intangible Assets Intangible assets consist of the Talo Intangibles - Goodwill and Other Property, Plant and Equipment The Company applies Accounting Standards Update (“ASU”) 2012-02, “ Intangibles – Goodwill and Other - Testing Indefinite-lived Intangible Assets for Impairment From time to time the Company makes investments in product and technical opportunities that are complimentary to or enhancements to its apparel accessories business. During the three and nine months ended September 30, 2015, the Company invested $2,460 and $22,898, respectively in the acquisition of intellectual property rights complimentary to the Company’s Talon Zipper products. During the three and nine months ended September 30, 2014, the Company invested $37,737 and $40,037, respectively in the acquisition of intellectual property rights complimentary to the Company’s Talon Zipper products.. As of September 30, 2015 and December 31, 2014 the Company had accumulated investments of $68,955 and $46,057, respectively, for intellectual property rights complimentary to the Company’s Talon Zipper products, which were not yet in service. Intangible assets as of September 30, 2015 and December 31, 2014 are as follows: September 30 , December 31, 201 5 201 4 Tradename - Talon trademark $ 4,110,751 $ 4,110,751 Intellectual property rights 247,677 224,779 Less: Accumulated amortization (10 to 17 years) (45,259 ) (35,446 ) Intellectual property rights, net 202,418 189,333 Intangible assets, net $ 4,313,169 $ 4,300,084 Amortization expense for intangible assets was $3,271 and $9,813, respectively for the three and nine months ended September 30, 2015 and 2014. Classification of Expenses Costs of Goods Sold Sales and Marketing Expenses – General and Administrative Expenses Interest Expense, net Foreign Currency Translation The Company has operations and holds assets in various foreign countries. The local currency is the functional currency for the Company’s subsidiaries in China and India. Assets and liabilities are translated at end-of-period exchange rates while revenues and expenses are translated at the average exchange rates in effect during the period. Equity is translated at historical rates and the resulting cumulative translation adjustments are included as a component of accumulated other comprehensive income (loss) until the translation adjustments are realized. Included in accumulated other comprehensive income was a cumulative foreign currency translation gain of $106,545 and $116,175 as of September 30, 2015 and December 31, 2014, respectively. Comprehensive Income (loss) Comprehensive income (loss) consists of net income (loss) and unrealized income (loss) on foreign currency translation adjustments. The foreign currency translation adjustment represents the net currency translation gains and losses related to our China and India subsidiaries, which have not been reflected in the net income for the periods presented. The Company reports comprehensive income (loss) in accordance with Topic 220 “ Comprehensive Income ” Presentation of Comprehensive Income Use of Estimates The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. The accounting estimates that require the Company’s most significant, difficult and subjective judgments include the valuation allowance for accounts receivable and inventory, the assessment of recoverability of long-lived assets and intangible assets, stock-based compensation and the recognition and measurement of current and deferred income taxes (including the measurement of uncertain tax positions). Actual results could differ materially from the Company’s estimates. Presentation In order to facilitate the comparison of financial information, certain amounts reported in the prior year have been reclassified to conform to the current year presentation.

Note 3 - New Accounting Pronoun

Note 3 - New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 3. New Accounting Pronouncements In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory, to reduce the complexity in accounting for inventory. This ASU requires entities to measure inventory at the lower of cost or net realizable value, replacing the market value approach that required floor and ceiling considerations. This guidance for public entities is effective for fiscal years beginning after December 15, 2016, with early adoption permitted. We are in the process of evaluating the adoption of this ASU, but do not expect this to have a material effect on our financial position, results of operations or cash flows. In April 2015, the FASB issued ASU No. 2015-03, “ Interest – Imputation of Interest Simplifying the Presentation of Debt Issuance Costs 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

Note 4 - Net Income (Loss) Per

Note 4 - Net Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 4 . Net Income (Loss) Per Share The following is a reconciliation of the numerators and denominators of the basic and diluted net income (loss) per share computations: N et income (loss) Shares Per Share Amount Three months ended September 30, 2015: Basic net loss - Net loss $ (90,353 ) 92,267,831 $ (0.00 ) Effect of Dilutive Securities - Options and warrants - - - Diluted net loss $ (90,353 ) 92,267,831 $ (0.00 ) Three months ended September 30, 2014: Basic net income - Net income $ 57,086 92,267,831 $ 0.00 Effect of Dilutive Securities - Options - 2,163,340 0.00 Diluted net income $ 57,086 94,431,171 $ 0.00 N et income Shares Per Share Amount Nine months ended September 30, 2015: Basic net income - Net income $ 198,931 92,267,831 $ 0.00 Effect of Dilutive Securities - Options and warrants - 1,252,061 0.00 Diluted net income $ 198,931 93,519,892 $ 0.00 Nine months ended September 30, 2014: Basic net income - Net income $ 888,826 92,115,167 $ 0.01 Effect of Dilutive Securities - Options - 2,295,869 0.00 Diluted net income $ 888,826 94,411,036 $ 0.01 For the three months ended September 30, 2015, options to purchase 8,485,287 shares of common stock exercisable between $0.04 and $1.33 per share and warrants to purchase 1,000,000 shares of common stock exercisable at $0.18 per share, were outstanding but were not included in the computation of diluted net loss per share because they would have an antidilutive effect on the net loss per share. For the nine months ended September 30, 2015, options to purchase 2,691,667 shares of common stock exercisable between $0.04 and $0.11 per share were included in the computation of diluted net income per share, while options to purchase 5,793,600 shares of common stock exercisable between $0.11 and $1.33 per share and warrants to purchase 1,000,000 shares of common stock exercisable at $0.18 per share, were outstanding but were not included in the computation of diluted net income per share because they would have an antidilutive effect on the net income per share. For the three and nine months ended September 30, 2014, options to purchase 5,066,667 shares of common stock exercisable between $0.04 and $0.20 per share were included in the computation of diluted net income per share. For the three and nine months ended September 30, 2014, options to purchase 4,683,600 shares of common stock exercisable between $0.21 and $5.23 per share, were outstanding but were not included in the computation of diluted net income per share because they would have an antidilutive effect on the net income per share.

Note 5 - Accounts Receivable

Note 5 - Accounts Receivable	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 5. Accounts Receivable Accounts receivable are included on the consolidated balance sheets net of the allowance for doubtful accounts. The allowance for doubtful accounts at September 30, 2015 and December 31, 2014 was $39,981 and $50,563, respectively.

Note 6 - Inventories

Note 6 - Inventories	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Note 6. Inventories Inventories are stated at the lower of cost, determined using the first-in, first-out basis, or market value and are all categorized as finished goods. The costs of inventory include the purchase price, inbound freight and duties, conversion costs and certain allocated production overhead costs. Inventory valuation reserves are recorded for damaged, obsolete, excess and slow-moving inventory. The Company uses estimates to record these reserves. Slow-moving inventory is reviewed by category and may be partially or fully reserved depending on the type of product and the length of time the product has been included in inventory. Reserve adjustments are made for the difference between the cost of the inventory and the estimated market value, if lower, and charged to operations in the period in which the facts that give rise to these adjustments become known. Market value of inventory is estimated based on the impact of market trends, an evaluation of economic conditions and the value of current orders relating to the future sales of this inventory. Inventories consist of the following: September 30 , December 31, 201 5 2014 Finished goods $ 628,850 $ 705,368 Less: Reserves (65,122 ) (199,096 ) Total inventories $ 563,728 $ 506,272

Note 7 - Credit Facilities and

Note 7 - Credit Facilities and Related Party Transactions	9 Months Ended
	Sep. 30, 2015
Related Party Disclosure [Member]
Note 7 - Credit Facilities and Related Party Transactions [Line Items]
Debt Disclosure [Text Block]	Note 7. Credit Facilities and Related Party Transactions Union Bank Credit Facilities On December 31, 2013, the Company entered into a Commercial Credit Agreement (the “Credit Agreement”) with MUFG Union Bank, N.A. (formerly Union Bank, N.A., “Union Bank”). The Credit Agreement initially provided for a 24 month revolving loan commitment and a 36 month term loan. While the revolving loan commitment with Union Bank remains available through December 31, 2015, the term loan was extinguished during the quarter ended September 30, 2015 using proceeds from related party borrowings (See Revolving Term Loan from related party). The revolving loan commitment includes available borrowings of up to $3,500,000 (the “Revolving Credit Loan”), consisting of revolving loans and a sublimit of letters of credit not to exceed a maximum aggregate principal amount of $1,000,000. Borrowings under the Revolving Credit Loan initially carried interest at a per annum rate of two and one-half percent (2.50%) in excess of a reference rate (“Reference Rate”), which is an index rate determined by Union Bank from time to time as a means of pricing certain extensions of credit. The Reference Rate was 3.25% as of September 30, 2015 and December 31, 2014. The Credit Agreement initially provided for a term loan in the amount of $5,000,000 (the “Term Loan Payable” and together with the Revolving Credit Loan, the “Union Bank Credit Facilities”). The Term Loan Payable was originally payable in 36 monthly payments of $138,889 beginning January 31, 2014 with interest payable at a per annum rate of two and three-quarters percent (2.75%) in excess of the Reference Rate. The Company paid $250,000 in financing costs associated with the Credit Agreement and used all of the proceeds of the Term Loan and $827,490 of the proceeds of the Revolving Credit Loan to repay in full at December 31, 2013, a promissory note entered into in July 2013 with CVC California, LLC in the principal amount of $5,800,000 plus accrued interest. The Credit Agreement contains representations and warranties, affirmative, negative and events of default, applicable to the Company and its subsidiaries which are customary for Union Bank Credit Facilities of this type. The Credit Agreement initially contained financial covenants applicable to the Company and its subsidiaries including maintaining a Fixed Charge Coverage Ratio between Adjusted EBITDA and principal and interest payments (as defined in the Credit Agreement) of not less than 1.25:1.00 as of the close of each fiscal quarter and an EBITDA (as defined in the Credit Agreement) of at least $2,750,000 as of the close of each fiscal quarter, for the 12-month period ended as of the last day of the quarter. The Company did not satisfy the previous minimum Fixed Charge Coverage Ratio requirement (1.25:1.00) and the previous minimum EBITDA requirement of $2,750,000 for the 12-month periods ended September 30, 2014 and December 31, 2014, and in connection therewith obtained waivers of such non-compliance from Union Bank for those periods. In exchange for the waivers, the Company paid Union Bank a waiver fee of $10,000, and at December 31, 2014 a prepayment in the amount of $500,000 was made and applied to the principal of the Term Loan Payable and certain provisions of the Credit Agreement were amended. On March 3, 2015, the Credit Agreement was further amended to change various contractual terms as follows: the Fixed Charge Coverage Ratio requirement was reduced for the periods ended March 31, 2015 to 0.70:1.00 and for June 30, 2015 to 1.00:1.00; the minimum EBITDA requirement for the 12-month period ended as of the last day of each of these quarters during 2015 was reduced from $2,750,000 to $1,750,000; the requirement of no incurrence of a net loss after taxes for more than two consecutive fiscal quarters was changed to be effective January 1, 2015; net principal repayments totaling $600,000 in 2015 were added to the Term Loan Payable scheduled payments ($400,000 were paid during the second quarter of 2015 and the remaining $200,000 were paid during the third quarter of 2015), and excluded from the Fixed Charge Coverage Ratio calculation; the interest rate on the Term Loan Payable and Revolving Credit Loan was increased by 1% effective March 1, 2015; and the Company paid a loan modification fee of $50,000, half of which was paid on March 31, 2015 and the other half was paid on June 30, 2015. Additional legal fees were charged by Union Bank during the first quarter of 2015 in the amount of $6,915. The Company did not satisfy the minimum EBITDA requirement for the 12-month period ended June 30, 2015, due primarily to a $715,000 one-time accrual for severance payments to Lonnie D. Schnell, the Company’s former CEO and board member, that was recognized upon separation during the three months ended June 30, 2015. On August 4, 2015, the Company obtained a waiver from Union Bank of this minimum EBITDA requirement non-compliance and paid Union Bank a waiver fee of $25,000 as a condition to the waiver. The payment and performance of all indebtedness and other obligations under the Union Bank Credit Facilities are secured by liens on substantially all of the Company assets pursuant to the terms and conditions of security agreements and guaranties executed by the Company and its principle operating subsidiaries including Talon Technologies, Inc. (U.S. operation) and Tag-It Pacific Limited (Hong Kong operation). On August 10, 2015, the Company entered into an amendment to the Credit Agreement with Union Bank, which provided for the elimination of financial covenants for the remaining term of the Credit Agreement, permitted the Company to incur $3,000,000 of subordinated indebtedness, and required the repayment of the outstanding Term Loan Payable in the principal amount of $1,440,278 plus accrued and unpaid interest by August 31, 2015. In connection with the amendment, the Company incurred approximately $18,000 in legal fees, representing additional financing costs to the Union Bank Credit Facilities. On August 11, 2015, the Company received an advance from Princess Investment Holdings Inc. (“Princess Investment”) (which is a related company of Kutula Holdings, a major stockholder and related party to our Company), and on August 12, 2015 we paid off the outstanding Term Loan Payable from Union Bank as well as the unpaid interest. The Company has accounted for the payment in full of the Term Loan Payable as a debt extinguishment in accordance with FASB ASC No. 405 “ Liabilities Debt, Modifications and Extinguishments The Company had outstanding borrowings as of September 30, 2015 and December 31, 2014 of $1,600,000 and $4,333,334, respectively, under the Union Bank Credit Facilities, of which $1,600,000 and $1,500,000, respectively, relates to obligations under the Revolving Credit Loan and at December 31, 2014 the remainder relates to the Term Loan Payable. During the nine months ended September 30, 2015, the Company obtained advances under the Revolving Credit Loan of $700,000, with no borrowings during the three months ended September 30, 2015, and repayments of $600,000 during the three and nine months ended September 30, 2015, resulting in a net increase in the outstanding borrowings to $1,600,000 at September 30, 2015. Approximately $331,000 remained in available borrowings under the Revolving Credit Loan as of September 30, 2015. The Revolving Term Loan commitment with Union Bank will terminate on December 31, 2015 and the Company intends to refinance its loan with Union Bank by such date using proceeds from an alternate financing source. Revolving Term Loan from Related Party On August 10, 2015, the Company entered into a loan and reimbursement agreement (“Loan Agreement”) with Princess Investment (which is a related company of Kutula Holdings, a major stockholder and related party to our Company), pursuant to which Princess Investment agreed to make available to the Company a loan of up to $3,000,000 (“Revolving Term Loan”). Advances under the Loan Agreement will accrue interest on the unpaid principal balance at an annual rate of 12.5%. Accrued interest on the Revolving Term Loan is payable monthly beginning September 1, 2015, and the principal amount is payable in monthly installments beginning September 1, 2016 and continuing through the maturity date of August 10, 2018. On August 11, 2015, the Company received an advance from Princess Investment under the Loan Agreement in the amount of $1,500,000, of which $1,440,278 was used to pay off the Term Loan Payable to Union Bank on August 12, 2015. The Company borrowed an additional $500,000 during the three months ended September 30, 2015, and had an outstanding balance of $2,000,000 under the Revolving Term Loan from Princess Investment at September 30, 2015 (reflecting a balance of $1,888 ,551 net of debt discounts). Approximately $1,000,000 remained in available borrowings under the Revolving Term Loan as of September 30, 2015 . The payment and performance of all our indebtedness and other obligations to Princess Investment, including all borrowings under the Loan Agreement, are guaranteed by the Company’s subsidiaries Talon Technologies, Inc. and Tag-It Pacific Limited pursuant to a Guaranty Agreement. The payment and performance of all of our indebtedness and other obligations to Princess Investment under the Loan Agreement and related agreements are secured by liens on substantially all of the assets of the Company and its subsidiary guarantors pursuant to the terms and conditions of a Pledge and Security Agreement executed by the Company and guarantors in favor of Princess Investment. Total interest related to the Revolving Term Loan for the three and nine months ended September 30, 2015 amounted to $27,397. Total financing costs related to the Revolving Term Loan during the three and nine months ended September 30, 2015 amounted to $99,011, of which $60,000 will be paid upon maturity. The financing costs are being amortized over the three year term of the Loan. Pursuant to the Loan Agreement, the Company issued Princess Investment warrants to purchase 1,000,000 shares of the Company’s common stock. The warrants are exercisable immediately upon issuance for a five-year period at an exercise price of $0.18 per share on a cashless basis. After consideration of FASB ASC 480 “ Distinguishing Liability and Equity “ Derivatives and Hedging ”, the Company concluded that the warrants should be recorded as an equity instrument. The fair value of the warrants of $130,000 issued with this debt facility was valued using the Black-Scholes model, and the portion of the warrants and the Revolving Term Note were allocated using the relative fair value method in accordance with ASC 470-20-25-2. As a result, the allocated amount for the warrants amounted to $119,632 and were recorded as additional paid in capital, and reflected as a debt discount to the face value of the Revolving Term Note. The discount is being amortized over the term of the Loan and recognized as additional interest cost as amortized. Interest expense, net, included on the Company’s Consolidated Statements of Operations and Comprehensive Income is comprised as follows: Three M onths Ended September 30 , Nine Months Ended September 30 , 201 5 201 4 201 5 201 4 Revolving credit loan $ 35,841 $ 14,695 $ 96,543 $ 45,441 Revolving term loan from related party 27,397 - 27,397 - Term loan payable 12,257 60,743 93,280 201,831 Amortization of deferred financing cost 43,021 22,569 100,935 67,708 Amortization of debt discounts 8,183 - 8,183 - Total Credit Facilities related interest expense 126,699 98,007 326,338 314,980 Other interest expense, net 1,267 (1,136 ) 2,189 2,776 Interest expense , net $ 127,966 $ 96,871 $ 328,527 $ 317,756

Note 8 - Stockholders' Equity

Note 8 - Stockholders' Equity	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Note 8. Stockholders’ Equity Private Placement of Common Stock In July 2013 the Company raised $5,500,000 of new equity through the sale, in a private placement transaction, of 61,111,109 shares of the Company’s common stock at a price of $0.09 per share. Zipper Holdings, LLC, a related party company controlled by Mark Dyne, the Chairman of the Company’s Board of Directors, acquired 8,333,333 shares of common stock in the private placement. In connection with the private placement, the Company entered into a series of Subscription Agreements (the “Subscription Agreements”) and a Registration Rights Agreement (the “Registration Rights Agreement“) with the investors in the transaction. The Subscription Agreement entered into with Kutula Holdings Ltd. (“Kutula”) grants Kutula the right to nominate one member of the Company’s Board of Directors, so long as Kutula continues to hold at least 15,500,000 of the shares (as adjusted for stock splits and the like) purchased pursuant to its Subscription Agreement, subject to certain disclosure requirements and other limitations. The Registration Rights Agreement provides for demand registration rights, such that upon the demand of holders of at least 25% of the shares issued in the private placement and subject to certain conditions, the Company will then file a registration statement covering the shares issued in the private placement that requested to be included in such registration. The Registration Rights Agreement also provides certain piggyback rights, in which the holders of shares acquired in the private placement have the right to include those shares in a Company-initiated registration. Pursuant to its obligations under the Registration Rights Agreement, the Company filed a registration statement on Form S-1 with the SEC on November 20, 2014 to register for resale all of the 61,111,109 shares issued in the private placement. The registration statement was declared effective on December 4, 2014. Authorized Common Stock and Preferred S tock On November 8, 2013, the Company’s stockholders approved an amendment to the Company’s Certificate of Incorporation to increase the number of shares of common stock authorized to be issued from 100,000,000 to 300,000,000. At the Company’s 2015 Annual Meeting of Stockholders, the stockholders approved an amendment to the Company’s Certificate of Incorporation to allow for a reverse split of the Company’s outstanding shares of common stock any time prior to the 2016 Annual Meeting authorizing the Board of Directors, when and if the Board of Directors determine that such action is appropriate. The Company’s Certificate of Incorporation presently authorizes the issuance of 3,000,000 shares of Preferred Stock, having a par value of $0.001 per share. No shares of Preferred Stock were outstanding at September 30, 2015 or December 31, 2014.

Note 9 - Stock-Based Compensati

Note 9 - Stock-Based Compensation	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 9. Stock-Based Compensation and Other Share-Based Grants The Company accounts for stock-based awards to employees and directors in accordance with FASB ASC 718, “ Compensation - Stock Compensation Equity-Based Payments to Non-Employees Stock Options and Warrants The Company’s 2008 Stock Incentive Plan initially authorized the issuance of up to 2,500,000 shares of common stock in awards to individuals under the plan. On November 19, 2010, an amendment to the 2008 Stock Incentive Plan increased the authorized shares from 2,500,000 to 4,810,000. On November 8, 2013, the Company’s stockholders approved a further amendment to the 2008 Stock Incentive Plan to increase from 4,810,000 to 15,000,000 the number of shares of common stock that may be issued pursuant to awards under the plan. The Company’s 2007 Stock Plan was approved by the Company’s stockholders in 2007, and replaced the 1997 Stock Plan that had previously authorized the granting of a variety of stock-based incentive awards. The 2007 Stock Plan authorizes up to 2,600,000 shares of common stock for issuance pursuant to awards granted to individuals under the plan. The Board of Directors, who determines the recipients and terms of the awards granted, administers the Company’s stock plans. Awards under the Company’s stock plans are generally granted with an exercise price equal to the average market price of the Company’s stock for the five trading days following the date of approval of the grant. Those option awards generally vest over periods determined by the Board of Directors from immediate to 4 years of continuous service and have 10 year contractual terms. During the three and nine months ended September 30, 2015, 300,000 and 700,000 options, respectively were granted. During the three and nine months ended September 30, 2014, 3,645,000 and 4,045,000 options, respectively were granted. During the nine months ended September 30, 2014, options were exercised to acquire 186,458 shares of common stock under the 2007 and 2008 Stock Incentive Plans, and 148,820 shares were retained by the Company in payment of the exercise price of $0.18 weighted average per share and the tax associated with the exercise of the options. At the time of exercise, the intrinsic value of the options exercised was $0.27 per share, and the retained shares had a value of $40,181. During the nine months ended September 30, 2014, options were also exercised to acquire 277,084 shares of common stock under the 2008 Stock Incentive Plan. Cash received upon exercise was $29,709 at a weighted average of $0.11 per share. At the time of exercise, the intrinsic value of the options exercised was $0.23 per share. No options were exercised during the three months ended September 30, 2014, and the three and nine months ended September 30, 2015. As of September 30, 2015, the Company had $410,288 of unamortized stock-based compensation expense related to options issued to employees and directors, which will be recognized over the remaining weighted average period of 2.9 years. As of September 30, 2014, unamortized stock-based compensation expense related to options issued to employees and directors was $769,045, which was to be recognized over the weighted average period of approximately 3.72 years. Pursuant to the Loan Agreement, the Company issued Princess Investment warrants to purchase 1,000,000 shares of the Company’s common stock. The warrants are exercisable immediately upon issuance for a five-year period at an exercise price of $0.18 per share on a cashless basis (See Note 7). The following table summarizes the activity in the Company’s share-based compensation plans and other share-based grants during the nine months ended September 30, 2015. Number of Shares Weighted Average Exercise Price Employees and Directors Options outstanding - January 1, 2015 9,747,767 $ 0.20 Granted 400,000 $ 0.17 Exercised - $ - Cancelled (1,832,500 ) $ 0.28 Options outstanding - June 30, 2015 8,315,267 $ 0.19 Granted 300,000 $ 0.12 Exercised - $ - Cancelled (130,000 ) $ 0.19 Options outstanding - September 30, 2015 8,485,267 $ 0.18 Non Employees Warrants outstanding – January 1, 2015 and June 30, 2015 - $ - Granted 1,000,000 $ 0.18 Exercised - $ - Cancelled - $ - Warrants outstanding - September 30, 2015 1,000,000 $ 0.18 Restricted Stock Units (RSUs) On July 30, 2010, the Company awarded each of Lonnie D. Schnell (the Company’s Chief Executive Officer through April 10, 2015) and Larry Dyne (the Company’s Chief Executive Officer effective April 13, 2015 and President at the time) a restricted stock unit award (an “RSU Award”) for 5,778,500 shares of the Company’s common stock. Each RSU Award vested 50% on August 30, 2011, and 10% on each date which is 18, 24, 30, 36 and 42 months following the grant date, subject to partial acceleration of vesting as part of the executives’ severance benefits and full acceleration of vesting upon a change in control of the Company. As of July 30, 2010, the RSUs were valued at $2,263,884, which was reduced by the fair value of the options surrendered by the employees in connection with these grants. On August 30, 2010, Mr. Schnell and Mr. Dyne elected to defer the settlement in common shares of 5,434,200 RSUs beyond the vesting dates. On January 30, 2014, 610,894 shares of common stock were issued upon final settlement of vested restricted stock units, and the equivalent of 544,806 shares were retained by the Company in payment of the tax associated with the vesting of restricted stock units previously granted to the reporting persons. During the three and nine months ended September 30, 2015 no shares were issued upon settlement of vested restricted stock units. There were no outstanding RSUs and no unamortized stock-based compensation expense related to RSUs as of September 30, 2015 and December 31, 2014.

Note 10 - Income Taxes

Note 10 - Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 10. Income taxes Provision for (benefit from) income taxes, net, for the three and nine months ended September 30, 2015 was $(8,431) and $128,746, respectively. Provision for income taxes, net, for the three and nine months ended September 30, 2014 was $161,165 and $732,299, respectively. Current income taxes receivable were associated with foreign and domestic prepayments net of income tax payable, and totaled $8,503 and $66,270 as of September 30, 2015 and December 31, 2014, respectively. Current income taxes payable were principally associated with foreign withholdings, funds transfers, and income tax payable from the Company’s Asia operations. Current income taxes payable as of September 30, 2015 and December 31, 2014 totaled $184,734 and $78,455, respectively, and were included in accrued expenses. Deferred income tax assets, net, totaled $6,143,193 and $6,120,838 as of September 30, 2015 and December 31, 2014, respectively, are included in long term deferred income tax assets, net, and in current deferred income tax assets, net. Deferred income tax liabilities totaled $7,318 and $13,961 as of September 30, 2015 and December 31, 2014, respectively.

Note 11 - Commitments and Conti

Note 11 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 11. Commitments and Contingencies The Company currently has pending claims and complaints that arise in the ordinary course of the Company’s business. The Company believes that it has meritorious defenses to these claims and that the claims are either covered by insurance or would not have a material effect on the Company’s consolidated financial position or results of operations if adversely determined against the Company. In November 2002, the FASB issued Topics of the FASB ASC 460-10, “ Guarantees Related Party Disclosures ● In accordance with the bylaws of the Company, and indemnification agreements entered into with the members of the Board of Directors and executive officers, the Company’s officers and directors are indemnified for certain events or occurrences arising as a result of the officer or director serving in such capacity. The term of the indemnification period is for the lifetime of the officer or director. The maximum potential amount of future payments the Company could be required to make under the indemnification provisions of its bylaws and indemnification agreements is unlimited. However, the Company has a director and officer liability insurance policy that reduces its exposure and enables it to recover a portion of any future amounts paid. As a result of its insurance policy coverage, the Company believes the estimated fair value of the indemnification provisions of its bylaws and indemnification agreements is minimal and therefore, the Company has not recorded any related liabilities. ● The Company enters into indemnification provisions under its agreements with investors and its agreements with other parties in the normal course of business, typically with suppliers, customers and landlords. Under these provisions, the Company generally indemnifies and holds harmless the indemnified party for losses suffered or incurred by the indemnified party as a result of the Company’s activities or, in some cases, as a result of the indemnified party’s activities under the agreement. These indemnification provisions often include indemnifications relating to representations made by the Company with regard to intellectual property rights, and generally survive termination of the underlying agreement. The maximum potential amount of future payments the Company could be required to make under these indemnification provisions is unlimited. The Company has not incurred material costs to defend lawsuits or settle claims related to these indemnification agreements. As a result, the Company believes the estimated fair value of these agreements is minimal and accordingly, the Company has not recorded any related liabilities.

Note 12 - Segment Reporting and

Note 12 - Segment Reporting and Geographic Information	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Note 12. Segment Reporting and Geographic Information The Company manufactures and distributes a full range of zipper (Talon Zipper), trim (Talon Trim) and waistband, shirt collars and other apparel components utilizing proprietary stretch technology (Talon Tekfit) to manufacturers of fashion apparel, specialty retailers and mass merchandisers. The Company’s organization is based on divisions representing the major product lines, and the Company’s operating decisions use these divisions to assess performance, allocate resources and make other operating decisions. Within these product lines there is not enough difference between the types of products to justify segmented reporting by product type or to account for these products separately. The net revenues and operating margins for the three primary product groups are as follows: Three Months ended September 30, 2015 Talon Zipper Talon Trim Talon Tekfit Talon Consolidated Net sales $ 3,981,191 $ 5,516,407 $ 494,493 $ 9,992,091 Cost of goods sold 2,888,204 3,414,912 315,434 6,618,550 Gross profit $ 1,092,987 $ 2,101,495 $ 179,059 3,373,541 Operating expenses 3,210,310 Income from operations $ 163,231 Three Months ended September 30, 2014 Talon Zipper Talon Trim Talon Tekfit Talon Consolidated Net sales $ 6,011,455 $ 5,669,249 $ 69,266 $ 11,749,970 Cost of goods sold 4,402,750 3,562,909 65,579 8,031,238 Gross profit $ 1,608,705 $ 2,106,340 $ 3,687 3,718,732 Operating expenses 3,403,610 Income from operations $ 315,122 Nine Months ended September 30, 2015 Talon Zipper Talon Trim Talon Tekfit Talon Consolidated Net sales $ 17,924,116 $ 17,133,223 $ 1,530,452 $ 36,587,791 Cost of goods sold 13,099,723 10,574,619 943,042 24,617,384 Gross profit $ 4,824,393 $ 6,558,604 $ 587,410 11,970,407 Operating expenses 11,180,154 Income from operations $ 790,253 Nine Months ended September 30, 2014 Talon Zipper Talon Trim Talon Tekfit Talon Consolidated Net sales $ 20,420,661 $ 18,538,867 $ 92,729 $ 39,052,257 Cost of goods sold 14,569,223 11,532,952 90,934 26,193,109 Gross profit $ 5,851,438 $ 7,005,915 $ 1,795 12,859,148 Operating expenses 10,920,267 Income from operations $ 1,938,881 The Company distributes its products internationally and has reporting requirements based on geographic regions. Revenues are attributed to countries based upon customer delivery locations and the net book value of long-lived assets (consisting of property and equipment and intangibles) is attributed to countries based on the location of the assets, as follows: Sales: Three Months Ended September 30 , Nine Months Ended September 30 , Country / Region 201 5 2014 201 5 2014 United States $ 738,342 $ 928,465 $ 2,411,853 $ 3,326,100 China 2,741,111 3,903,834 10,235,769 12,923,325 Hong Kong 2,456,406 2,858,004 7,889,511 9,079,162 Bangladesh 556,210 585,929 3,033,607 1,693,452 Vietnam 672,265 434,491 2,320,113 1,544,686 India 749,785 718,903 2,182,377 1,983,872 Other 2,077,972 2,320,344 8,514,561 8,501,660 Total $ 9,992,091 $ 11,749,970 $ 36,587,791 $ 39,052,257 September 30 , December 31, 201 5 2014 Long-lived Assets: United States $ 4,785,588 $ 4,554,831 China 172,746 178,873 Hong Kong 102,255 150,966 Total $ 5,060,589 $ 4,884,670

Note 13 - Subsequent Events

Note 13 - Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 13. Subsequent Events The Company evaluated subsequent events after the balance sheet date of September 30, 2015 through the date of the filing of this report, and determined that there were no reportable subsequent events.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	Allowance for Accounts Receivable Doubtful Accounts The Company is required to make judgments as to the collectibility of accounts receivable based on established aging policy, historical experience and future expectations. The allowances for doubtful accounts represent allowances for customer trade accounts that are estimated to be partially or entirely uncollectible. These allowances are used to reduce gross trade receivables to their net realizable value. The Company records these allowances based on estimates related to the following factors: (i) customer specific allowances; (ii) amounts based upon an aging schedule; and (iii) an estimated amount, based on the Company’s historical experience, for issues not yet identified. Bad debt expense (recoveries), net for the three and nine months ended September 30, 2015 were $7,487 and $(7,370), respectively. Bad debt expense (recoveries), net for the three and nine months ended September 30, 2014 were $4,374 and $(4,720), respectively.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements Fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, the guidance under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, “ Fair Value Measurements and Disclosures Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - Includes other inputs that are directly or indirectly observable in the marketplace. Level 3 - Unobservable inputs which are supported by little or no market activity. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company’s financial instruments include cash and cash equivalents, accounts receivable, other assets, accounts payable, accrued expenses, revolving credit loan, revolving term loan from related party, net of discounts, term loan payable, capital lease obligations and other liabilities. The book value of the financial instruments is representative of their fair values. In accordance with this guidance, the Company measures its cash equivalents at fair value. The Company’s cash equivalents are classified within Level 1. Cash equivalents are valued primarily using quoted market prices utilizing market observable inputs. At September 30, 2015 and December 31, 2014, cash equivalents consisted of money market funds measured at fair value on a recurring basis; fair value of the Company’s money market funds was approximately $791,000 and $1,018,000, respectively.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Intangible Assets Intangible assets consist of the Talo Intangibles - Goodwill and Other Property, Plant and Equipment The Company applies Accounting Standards Update (“ASU”) 2012-02, “ Intangibles – Goodwill and Other - Testing Indefinite-lived Intangible Assets for Impairment From time to time the Company makes investments in product and technical opportunities that are complimentary to or enhancements to its apparel accessories business. During the three and nine months ended September 30, 2015, the Company invested $2,460 and $22,898, respectively in the acquisition of intellectual property rights complimentary to the Company’s Talon Zipper products. During the three and nine months ended September 30, 2014, the Company invested $37,737 and $40,037, respectively in the acquisition of intellectual property rights complimentary to the Company’s Talon Zipper products.. As of September 30, 2015 and December 31, 2014 the Company had accumulated investments of $68,955 and $46,057, respectively, for intellectual property rights complimentary to the Company’s Talon Zipper products, which were not yet in service. Intangible assets as of September 30, 2015 and December 31, 2014 are as follows: September 30 , December 31, 201 5 201 4 Tradename - Talon trademark $ 4,110,751 $ 4,110,751 Intellectual property rights 247,677 224,779 Less: Accumulated amortization (10 to 17 years) (45,259 ) (35,446 ) Intellectual property rights, net 202,418 189,333 Intangible assets, net $ 4,313,169 $ 4,300,084 Amortization expense for intangible assets was $3,271 and $9,813, respectively for the three and nine months ended September 30, 2015 and 2014.
Cost of Sales, Policy [Policy Text Block]	Costs of Goods Sold
Selling, General and Administrative Expenses, Policy [Policy Text Block]	Sales and Marketing Expenses – General and Administrative Expenses
Interest Expense, Policy [Policy Text Block]	Interest Expense, net
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation The Company has operations and holds assets in various foreign countries. The local currency is the functional currency for the Company’s subsidiaries in China and India. Assets and liabilities are translated at end-of-period exchange rates while revenues and expenses are translated at the average exchange rates in effect during the period. Equity is translated at historical rates and the resulting cumulative translation adjustments are included as a component of accumulated other comprehensive income (loss) until the translation adjustments are realized. Included in accumulated other comprehensive income was a cumulative foreign currency translation gain of $106,545 and $116,175 as of September 30, 2015 and December 31, 2014, respectively.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income (loss) Comprehensive income (loss) consists of net income (loss) and unrealized income (loss) on foreign currency translation adjustments. The foreign currency translation adjustment represents the net currency translation gains and losses related to our China and India subsidiaries, which have not been reflected in the net income for the periods presented. The Company reports comprehensive income (loss) in accordance with Topic 220 “ Comprehensive Income ” Presentation of Comprehensive Income
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. The accounting estimates that require the Company’s most significant, difficult and subjective judgments include the valuation allowance for accounts receivable and inventory, the assessment of recoverability of long-lived assets and intangible assets, stock-based compensation and the recognition and measurement of current and deferred income taxes (including the measurement of uncertain tax positions). Actual results could differ materially from the Company’s estimates.
Reclassification, Policy [Policy Text Block]	Presentation In order to facilitate the comparison of financial information, certain amounts reported in the prior year have been reclassified to conform to the current year presentation.

Note 2 - Summary of Significa21

Note 2 - Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	September 30 , December 31, 201 5 201 4 Tradename - Talon trademark $ 4,110,751 $ 4,110,751 Intellectual property rights 247,677 224,779 Less: Accumulated amortization (10 to 17 years) (45,259 ) (35,446 ) Intellectual property rights, net 202,418 189,333 Intangible assets, net $ 4,313,169 $ 4,300,084

Note 4 - Net Income (Loss) Pe22

Note 4 - Net Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	N et income (loss) Shares Per Share Amount Three months ended September 30, 2015: Basic net loss - Net loss $ (90,353 ) 92,267,831 $ (0.00 ) Effect of Dilutive Securities - Options and warrants - - - Diluted net loss $ (90,353 ) 92,267,831 $ (0.00 ) Three months ended September 30, 2014: Basic net income - Net income $ 57,086 92,267,831 $ 0.00 Effect of Dilutive Securities - Options - 2,163,340 0.00 Diluted net income $ 57,086 94,431,171 $ 0.00 N et income Shares Per Share Amount Nine months ended September 30, 2015: Basic net income - Net income $ 198,931 92,267,831 $ 0.00 Effect of Dilutive Securities - Options and warrants - 1,252,061 0.00 Diluted net income $ 198,931 93,519,892 $ 0.00 Nine months ended September 30, 2014: Basic net income - Net income $ 888,826 92,115,167 $ 0.01 Effect of Dilutive Securities - Options - 2,295,869 0.00 Diluted net income $ 888,826 94,411,036 $ 0.01

Note 6 - Inventories (Tables)

Note 6 - Inventories (Tables)	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	September 30 , December 31, 201 5 2014 Finished goods $ 628,850 $ 705,368 Less: Reserves (65,122 ) (199,096 ) Total inventories $ 563,728 $ 506,272

Note 7 - Credit Facilities an24

Note 7 - Credit Facilities and Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Interest Income and Interest Expense Disclosure [Table Text Block]	Three M onths Ended September 30 , Nine Months Ended September 30 , 201 5 201 4 201 5 201 4 Revolving credit loan $ 35,841 $ 14,695 $ 96,543 $ 45,441 Revolving term loan from related party 27,397 - 27,397 - Term loan payable 12,257 60,743 93,280 201,831 Amortization of deferred financing cost 43,021 22,569 100,935 67,708 Amortization of debt discounts 8,183 - 8,183 - Total Credit Facilities related interest expense 126,699 98,007 326,338 314,980 Other interest expense, net 1,267 (1,136 ) 2,189 2,776 Interest expense , net $ 127,966 $ 96,871 $ 328,527 $ 317,756

Note 9 - Stock-Based Compensa25

Note 9 - Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Number of Shares Weighted Average Exercise Price Employees and Directors Options outstanding - January 1, 2015 9,747,767 $ 0.20 Granted 400,000 $ 0.17 Exercised - $ - Cancelled (1,832,500 ) $ 0.28 Options outstanding - June 30, 2015 8,315,267 $ 0.19 Granted 300,000 $ 0.12 Exercised - $ - Cancelled (130,000 ) $ 0.19 Options outstanding - September 30, 2015 8,485,267 $ 0.18 Non Employees Warrants outstanding – January 1, 2015 and June 30, 2015 - $ - Granted 1,000,000 $ 0.18 Exercised - $ - Cancelled - $ - Warrants outstanding - September 30, 2015 1,000,000 $ 0.18

Note 12 - Segment Reporting a26

Note 12 - Segment Reporting and Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months ended September 30, 2015 Talon Zipper Talon Trim Talon Tekfit Talon Consolidated Net sales $ 3,981,191 $ 5,516,407 $ 494,493 $ 9,992,091 Cost of goods sold 2,888,204 3,414,912 315,434 6,618,550 Gross profit $ 1,092,987 $ 2,101,495 $ 179,059 3,373,541 Operating expenses 3,210,310 Income from operations $ 163,231 Three Months ended September 30, 2014 Talon Zipper Talon Trim Talon Tekfit Talon Consolidated Net sales $ 6,011,455 $ 5,669,249 $ 69,266 $ 11,749,970 Cost of goods sold 4,402,750 3,562,909 65,579 8,031,238 Gross profit $ 1,608,705 $ 2,106,340 $ 3,687 3,718,732 Operating expenses 3,403,610 Income from operations $ 315,122 Nine Months ended September 30, 2015 Talon Zipper Talon Trim Talon Tekfit Talon Consolidated Net sales $ 17,924,116 $ 17,133,223 $ 1,530,452 $ 36,587,791 Cost of goods sold 13,099,723 10,574,619 943,042 24,617,384 Gross profit $ 4,824,393 $ 6,558,604 $ 587,410 11,970,407 Operating expenses 11,180,154 Income from operations $ 790,253 Nine Months ended September 30, 2014 Talon Zipper Talon Trim Talon Tekfit Talon Consolidated Net sales $ 20,420,661 $ 18,538,867 $ 92,729 $ 39,052,257 Cost of goods sold 14,569,223 11,532,952 90,934 26,193,109 Gross profit $ 5,851,438 $ 7,005,915 $ 1,795 12,859,148 Operating expenses 10,920,267 Income from operations $ 1,938,881
Revenue from External Customers by Geographic Areas [Table Text Block]	Sales: Three Months Ended September 30 , Nine Months Ended September 30 , Country / Region 201 5 2014 201 5 2014 United States $ 738,342 $ 928,465 $ 2,411,853 $ 3,326,100 China 2,741,111 3,903,834 10,235,769 12,923,325 Hong Kong 2,456,406 2,858,004 7,889,511 9,079,162 Bangladesh 556,210 585,929 3,033,607 1,693,452 Vietnam 672,265 434,491 2,320,113 1,544,686 India 749,785 718,903 2,182,377 1,983,872 Other 2,077,972 2,320,344 8,514,561 8,501,660 Total $ 9,992,091 $ 11,749,970 $ 36,587,791 $ 39,052,257
Long-lived Assets by Geographic Areas [Table Text Block]	September 30 , December 31, 201 5 2014 Long-lived Assets: United States $ 4,785,588 $ 4,554,831 China 172,746 178,873 Hong Kong 102,255 150,966 Total $ 5,060,589 $ 4,884,670

Note 2 - Summary of Significa27

Note 2 - Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Provision for Doubtful Accounts	$ 7,487	$ 4,374	$ (7,370)	$ (4,720)
Goodwill and Intangible Asset Impairment			0		$ 0
Payments to Acquire Intangible Assets	2,460	37,737	22,898	40,037
Finite-Lived Intangible Assets, Gross	247,677		247,677		224,779
Amortization of Intangible Assets	3,271	3,271	9,813	9,813
Interest Expense	128,988	98,402	330,525	320,623
Interest Income, Other	1,022	$ 1,531	1,998	$ 2,867
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	106,545		106,545		116,175
Money Market Funds [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	791,000		791,000		1,018,000
Intellectual Property [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Finite-Lived Intangible Assets, Gross	$ 68,955		$ 68,955		$ 46,057

Note 2 - Summary of Significa28

Note 2 - Summary of Significant Accounting Policies (Details) - Intangible Assets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Note 2 - Summary of Significant Accounting Policies (Details) - Intangible Assets [Line Items]
Tradename - Talon trademark	$ 4,110,751	$ 4,110,751
Intellectual property rights	247,677	224,779
Less: Accumulated amortization (10 to 17 years)	(45,259)	(35,446)
Intellectual property rights, net	202,418	189,333
Intangible assets, net	$ 4,313,169	$ 4,300,084

Note 2 - Summary of Significa29

Note 2 - Summary of Significant Accounting Policies (Details) - Intangible Assets (Parentheticals)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Minimum [Member]
Note 2 - Summary of Significant Accounting Policies (Details) - Intangible Assets (Parentheticals) [Line Items]
Finite Lived Intangible Assets, Useful Life	10 years	10 years
Maximum [Member]
Note 2 - Summary of Significant Accounting Policies (Details) - Intangible Assets (Parentheticals) [Line Items]
Finite Lived Intangible Assets, Useful Life	17 years	17 years

Note 4 - Net Income (Loss) Pe30

Note 4 - Net Income (Loss) Per Share (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Warrant [Member]
Note 4 - Net Income (Loss) Per Share (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)	1,000,000		1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.18		$ 0.18
Employee And Board Member Stock Options [Member]
Note 4 - Net Income (Loss) Per Share (Details) [Line Items]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit		$ 0.04	0.04	$ 0.04
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit		$ 0.20	$ 0.11	$ 0.20
Incremental Common Shares Attributable to Dilutive Effect of Equity Unit Purchase Agreements (in Shares)		5,066,667	2,691,667	5,066,667
Employee And Board Member Stock Options [Member] | Stock Compensation Plan [Member]
Note 4 - Net Income (Loss) Per Share (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)	8,485,287	4,683,600	5,793,600	4,683,600
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	$ 0.04	$ 0.21	$ 0.11	$ 0.21
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	$ 1.33	$ 5.23	$ 1.33	$ 5.23

Note 4 - Net Income (Loss) Pe31

Note 4 - Net Income (Loss) Per Share (Details) - Reconciliation of the Numerators and Denominators of the Basic and Diluted Net Income/Loss Per Share - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Basic net loss -
Net income (loss) basic (in Dollars)	$ (90,353)	$ 57,086	$ 198,931	$ 888,826
Shares basic	92,267,831	92,267,831	92,267,831	92,115,167
Per share amount basic (in Dollars per share)	$ 0	$ 0	$ 0	$ 0.01
Effect of Dilutive Securities -
Shares diluted		2,163,340	1,252,061	2,295,869
Per share amount diluted		0	0	0
Net income (loss) diluted (in Dollars)	$ (90,353)	$ 57,086	$ 198,931	$ 888,826
Shares diluted	92,267,831	94,431,171	93,519,892	94,411,036
Per share amount diluted (in Dollars per share)	$ 0	$ 0	$ 0	$ 0.01

Note 5 - Accounts Receivable (D

Note 5 - Accounts Receivable (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Receivables [Abstract]
Allowance for Doubtful Accounts Receivable, Current	$ 39,981	$ 50,563

Note 6 - Inventories (Details)

Note 6 - Inventories (Details) - Inventories - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Inventories [Abstract]
Finished goods	$ 628,850	$ 705,368
Less: Reserves	(65,122)	(199,096)
Total inventories	$ 563,728	$ 506,272

Note 7 - Credit Facilities an34

Note 7 - Credit Facilities and Related Party Transactions (Details)	Aug. 10, 2015USD ($)$ / sharesshares	Aug. 04, 2015USD ($)	Mar. 03, 2015USD ($)	Mar. 01, 2015	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2013USD ($)	Jan. 31, 2014	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Proceeds from Lines of Credit														$ 700,000	$ 500,000
Payments of Financing Costs														138,715
Gains (Losses) on Extinguishment of Debt									$ (134,049)					(134,049)
Repayments of Lines of Credit														600,000	500,000
Interest Expense, Debt									126,699			$ 98,007		326,338	314,980
CVC [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Repayments of Notes Payable							$ 5,800,000
Former CEO and Board Member [Member] | Employee Severance Payment [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Officers' Compensation										$ 715,000
Union Bank [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Long-term Debt					$ 4,333,334				1,600,000				$ 1,600,000	1,600,000		$ 4,333,334
Union Bank [Member] | Revolving Credit Facility [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Proceeds from Lines of Credit									$ 0					$ 700,000
Union Bank [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Debt Instrument, Covenant, Minimum Fixed Charge Coverage Ratio					1.25				1.25				1.25	1.25		1.25
Debt Instrument, Covenant, Minimum EBITDA					$ 2,750,000						$ 1,750,000	$ 2,750,000			2,750,000	$ 2,750,000
Union Bank [Member] | Scenario, Forecast [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Debt Instrument, Covenant, Minimum Fixed Charge Coverage Ratio										1	0.70
Union Bank [Member] | Waiver Fees [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Payments of Financing Costs		$ 25,000														10,000
Union Bank [Member] | Legal Fees [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Payments of Financing Costs											$ 6,915
Union Bank [Member] | Revolving Credit Facility [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Debt Instrument, Term							24 months
Line of Credit Facility, Maximum Borrowing Capacity						$ 3,500,000	$ 3,500,000
Proceeds from Lines of Credit							$ 1,000,000
Debt Instrument, Basis Spread on Variable Rate							2.50%
Long-term Line of Credit					1,500,000				$ 1,600,000				$ 1,600,000	$ 1,600,000		$ 1,500,000
Repayments of Lines of Credit									600,000					600,000
Line of Credit Facility, Remaining Borrowing Capacity									331,000				331,000	331,000
Princess Investment Holdings, Inc [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity									1,000,000				1,000,000	1,000,000
Debt Instrument, Interest Rate During Period	12.50%
Proceeds from Related Party Debt									1,500,000					2,000,000
Long-term Debt, Gross									2,000,000				2,000,000	2,000,000
Notes Payable, Related Parties									1,888,551				1,888,551	1,888,551
Interest Expense, Debt									27,397					27,397
Princess Investment Holdings, Inc [Member] | Permission from Union Bank Lender to Borrow from Princess Investment Holdings [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Subordinated Debt, Maximum Indebtedness	$ 3,000,000
Princess Investment Holdings, Inc [Member] | Additional Advance [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Proceeds from Related Party Debt									500,000
Princess Investment Holdings, Inc [Member] | Loan Fee and Additional Legal Fees [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Payments of Financing Costs									99,011					99,011
Princess Investment Holdings, Inc [Member] | Loan Fee [Member] | Paid Upon Maturity [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Payments of Financing Costs									60,000					60,000
Princess Investment Warrant [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | shares	1,000,000
Class of Warrant or Right, Warrant Term	5 years
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares	$ 0.18
Warrants and Rights Outstanding									130,000				$ 130,000	130,000
Adjustments to Additional Paid in Capital, Warrant Issued														119,632
Term Loan Payable [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Repayments of Notes Payable														2,833,334	$ 1,250,000
Term Loan Payable [Member] | Union Bank [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Debt Instrument, Term							36 months
Debt Instrument, Basis Spread on Variable Rate								2.75%
Debt Instrument, Face Amount						5,000,000	$ 5,000,000
Debt Instrument, Periodic Payment, Principal						$ 138,889
Payments of Financing Costs							250,000
Repayments of Notes Payable					$ 500,000				1,440,278
Notes Payable to Bank	$ 1,440,278
Gains (Losses) on Extinguishment of Debt									$ (134,049)					$ (134,049)
Term Loan Payable [Member] | Union Bank [Member] | Loan Modification Fee [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Payments of Financing Costs			$ 50,000
Term Loan Payable [Member] | Union Bank [Member] | Legal Fees [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Payments of Financing Costs	$ 18,000
Term Loan Payable [Member] | Union Bank [Member] | Revolving Credit Facility [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Debt Instrument, Interest Rate, Increase (Decrease)				1.00%
Term Loan Payable [Member] | Union Bank [Member] | Prime Rate [Member] | Revolving Credit Facility [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					3.25%				3.25%				3.25%	3.25%		3.25%
Term Loan Payable [Member] | Union Bank [Member] | Amended Principal Repayments [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Repayments of Notes Payable									$ 200,000	$ 400,000			$ 600,000
CVC [Member] | Union Bank [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) [Line Items]
Proceeds from Lines of Credit							$ 827,490

Note 7 - Credit Facilities an35

Note 7 - Credit Facilities and Related Party Transactions (Details) - Interest Expense Included in Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Note 7 - Credit Facilities and Related Party Transactions (Details) - Interest Expense Included in Consolidated Statements of Operations [Line Items]
Amortization of deferred financing cost	$ 43,021	$ 22,569	$ 100,935	$ 67,708
Amortization of debt discounts	8,183		8,183
Total Credit Facilities related interest expense	126,699	98,007	326,338	314,980
Interest Expense, Net	127,966	96,871	328,527	317,756
Miscellaneous [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) - Interest Expense Included in Consolidated Statements of Operations [Line Items]
Interest Expense, Net	1,267	(1,136)	2,189	2,776
Revolving Credit Facility [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) - Interest Expense Included in Consolidated Statements of Operations [Line Items]
Debt Interest Expense	35,841	14,695	96,543	45,441
Princess Investment Holdings, Inc [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) - Interest Expense Included in Consolidated Statements of Operations [Line Items]
Debt Interest Expense	27,397		27,397
Term Loan Payable [Member]
Note 7 - Credit Facilities and Related Party Transactions (Details) - Interest Expense Included in Consolidated Statements of Operations [Line Items]
Debt Interest Expense	$ 12,257	$ 60,743	$ 93,280	$ 201,831

Note 8 - Stockholders' Equity (

Note 8 - Stockholders' Equity (Details) - USD ($)	Jul. 12, 2013	Sep. 30, 2015	Dec. 31, 2014	Dec. 04, 2014	Nov. 08, 2013	Nov. 07, 2013
Note 8 - Stockholders' Equity (Details) [Line Items]
Common Stock, Shares, Outstanding		92,267,831	92,267,831
Registration Rights Agreement, Shares Initially Issued in a Private Placement, Shares Registered for Resale				61,111,109
Common Stock, Shares Authorized		300,000,000	300,000,000		300,000,000	100,000,000
Preferred Stock, Shares Authorized		3,000,000	3,000,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)		$ 0.001
Preferred Stock, Shares Outstanding		0	0
Common Stock [Member]
Note 8 - Stockholders' Equity (Details) [Line Items]
Proceeds from Issuance of Private Placement (in Dollars)	$ 5,500,000
Stock Issued During Period, Shares, New Issues	61,111,109
Sale of Stock, Price Per Share (in Dollars per share)	$ 0.09
Zipper Holdings, LLC [Member] | Common Stock [Member]
Note 8 - Stockholders' Equity (Details) [Line Items]
Stock Issued During Period, Shares, New Issues	8,333,333
Minimum [Member] | Kutula Holdings Ltd [Member]
Note 8 - Stockholders' Equity (Details) [Line Items]
Common Stock, Shares, Outstanding	15,500,000
Common Stock, Registration Rights Agreement, Minimum Percent of Shares Required for Registration Statement Filing	25.00%

Note 9 - Stock-Based Compensa37

Note 9 - Stock-Based Compensation (Details) - USD ($)

Aug. 10, 2015

Jan. 30, 2014

Aug. 30, 2011

Aug. 30, 2010

Jul. 30, 2010

Sep. 30, 2015

Sep. 30, 2014

Jun. 30, 2015

Sep. 30, 2015

Sep. 30, 2014

Dec. 31, 2014

Nov. 08, 2013

Nov. 19, 2010

Nov. 18, 2010

Note 9 - Stock-Based Compensation (Details) [Line Items]

Proceeds from Stock Options Exercised (in Dollars)

$ 29,709

Options Issued To Employees And Directors [Member]

Note 9 - Stock-Based Compensation (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross

300,000

3,645,000

400,000

700,000

4,045,000

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars)

$ 410,288

$ 769,045

$ 410,288

$ 769,045

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

2 years 328 days

3 years 262 days

Restricted Stock Units (RSUs) [Member]

Note 9 - Stock-Based Compensation (Details) [Line Items]

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars)

$ 0

$ 0

$ 0

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Shares Deferred In Period

5,434,200

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

0

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number

0

0

0

Restricted Stock Units (RSUs) [Member] | Lonnie Schnell and Larry Dyne [Member]

Note 9 - Stock-Based Compensation (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

5,778,500

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

10.00%

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instrument Other Than Options, Grant Date Value (in Dollars)

$ 2,263,884

Restricted Stock Units (RSUs) [Member] | Common Stock [Member]

Note 9 - Stock-Based Compensation (Details) [Line Items]

Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures

610,894

Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures, Shares Retained in Payment of Tax

544,806

The 2008 Stock Plan [Member]

Note 9 - Stock-Based Compensation (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized

15,000,000

4,810,000

2,500,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period

0

0

0

277,084

Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price (in Dollars per share)

$ 0.11

Proceeds from Stock Options Exercised (in Dollars)

$ 29,709

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value (in Dollars per share)

$ 0.23

The 2007 Stock Plan [Member]

Note 9 - Stock-Based Compensation (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized

2,600,000

2,600,000

2007 and 2008 Stock Incentive Plans [Member]

Note 9 - Stock-Based Compensation (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period

186,458

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Shares Retained in Lieu of Cash

148,820

Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price (in Dollars per share)

$ 0.18

Share Based Compensation Arrangement By Share Based Payment Award, Options, Exercise Date, Intrinsic Value, Per Share (in Dollars per share)

$ 0.27

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Shares Retained in Lieu of Cash, Intrinsic Value (in Dollars)

$ 40,181

August 30, 2011 [Member] | Restricted Stock Units (RSUs) [Member] | Lonnie Schnell and Larry Dyne [Member]

Note 9 - Stock-Based Compensation (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

50.00%

Princess Investment Warrant [Member]

Note 9 - Stock-Based Compensation (Details) [Line Items]

Class of Warrant or Right, Number of Securities Called by Warrants or Rights

1,000,000

Class of Warrant or Right, Warrant Term

5 years

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)

$ 0.18

Maximum [Member]

Note 9 - Stock-Based Compensation (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

4 years

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term

10 years

Note 9 - Stock-Based Compensa38

Note 9 - Stock-Based Compensation (Details) - Stock Options - $ / shares	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015	Sep. 30, 2015	Sep. 30, 2014
Princess Investment Warrant [Member] | Non-Employee [Member]
Non Employees
Warrants outstanding – January 1, 2015 and June 30, 2015	0
Warrants outstanding – January 1, 2015 and June 30, 2015	$ 0
Warrants outstanding - September 30, 2015	1,000,000		0	1,000,000
Warrants outstanding - September 30, 2015	$ 0.18		$ 0	$ 0.18
Granted	1,000,000
Granted	$ 0.18
Options Issued To Employees And Directors [Member]
Employees and Directors
Options outstanding	8,315,267		9,747,767	9,747,767
Options outstanding	$ 0.19		$ 0.20	$ 0.20
Granted	300,000	3,645,000	400,000	700,000	4,045,000
Granted	$ 0.12		$ 0.17
Cancelled	(130,000)		(1,832,500)
Cancelled	$ 0.19		$ 0.28
Options outstanding	8,485,267		8,315,267	8,485,267
Options outstanding	$ 0.18		$ 0.19	$ 0.18

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Note 10 - Income Taxes (Details) [Line Items]
Income Tax Expense (Benefit)	$ (8,431)	$ 161,165	$ 128,746	$ 732,299
Deferred Tax Assets, Net of Valuation Allowance	6,143,193		6,143,193		$ 6,120,838
Deferred Tax Liabilities, Net, Noncurrent	7,318		7,318		13,961
Prepaid Expenses and Other Current Assets [Member]
Note 10 - Income Taxes (Details) [Line Items]
Income Taxes Receivable	8,503		8,503		66,270
Accrued Expenses [Member]
Note 10 - Income Taxes (Details) [Line Items]
Accrued Income Taxes, Current	$ 184,734		$ 184,734		$ 78,455

Note 12 - Segment Reporting a40

Note 12 - Segment Reporting and Geographic Information (Details) - Net Revenues and Operating Margins - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Net sales	$ 9,992,091	$ 11,749,970	$ 36,587,791	$ 39,052,257
Cost of goods sold	6,618,550	8,031,238	24,617,384	26,193,109
Gross profit	3,373,541	3,718,732	11,970,407	12,859,148
Operating expenses	3,210,310	3,403,610	11,180,154	10,920,267
Income from operations	163,231	315,122	790,253	1,938,881
Talon Zippers [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	3,981,191	6,011,455	17,924,116	20,420,661
Cost of goods sold	2,888,204	4,402,750	13,099,723	14,569,223
Gross profit	1,092,987	1,608,705	4,824,393	5,851,438
Talon Trim [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	5,516,407	5,669,249	17,133,223	18,538,867
Cost of goods sold	3,414,912	3,562,909	10,574,619	11,532,952
Gross profit	2,101,495	2,106,340	6,558,604	7,005,915
Talon Tekfit [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	494,493	69,266	1,530,452	92,729
Cost of goods sold	315,434	65,579	943,042	90,934
Gross profit	$ 179,059	$ 3,687	$ 587,410	$ 1,795

Note 12 - Segment Reporting a41

Note 12 - Segment Reporting and Geographic Information (Details) - Revenues by Delivery Locations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Note 12 - Segment Reporting and Geographic Information (Details) - Revenues by Delivery Locations [Line Items]
Sales - Geographic Regions	$ 9,992,091	$ 11,749,970	$ 36,587,791	$ 39,052,257
Geography Eliminations [Member] | UNITED STATES
Note 12 - Segment Reporting and Geographic Information (Details) - Revenues by Delivery Locations [Line Items]
Sales - Geographic Regions	738,342	928,465	2,411,853	3,326,100
Geography Eliminations [Member] | CHINA
Note 12 - Segment Reporting and Geographic Information (Details) - Revenues by Delivery Locations [Line Items]
Sales - Geographic Regions	2,741,111	3,903,834	10,235,769	12,923,325
Geography Eliminations [Member] | HONG KONG
Note 12 - Segment Reporting and Geographic Information (Details) - Revenues by Delivery Locations [Line Items]
Sales - Geographic Regions	2,456,406	2,858,004	7,889,511	9,079,162
Geography Eliminations [Member] | BANGLADESH
Note 12 - Segment Reporting and Geographic Information (Details) - Revenues by Delivery Locations [Line Items]
Sales - Geographic Regions	556,210	585,929	3,033,607	1,693,452
Geography Eliminations [Member] | VIET NAM
Note 12 - Segment Reporting and Geographic Information (Details) - Revenues by Delivery Locations [Line Items]
Sales - Geographic Regions	672,265	434,491	2,320,113	1,544,686
Geography Eliminations [Member] | INDIA
Note 12 - Segment Reporting and Geographic Information (Details) - Revenues by Delivery Locations [Line Items]
Sales - Geographic Regions	749,785	718,903	2,182,377	1,983,872
Geography Eliminations [Member] | Other Geographical Area [Member]
Note 12 - Segment Reporting and Geographic Information (Details) - Revenues by Delivery Locations [Line Items]
Sales - Geographic Regions	$ 2,077,972	$ 2,320,344	$ 8,514,561	$ 8,501,660

Note 12 - Segment Reporting a42

Note 12 - Segment Reporting and Geographic Information (Details) - Long-Lived Assets by Location - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Long-lived Assets:
Long-lived assets - geographical	$ 5,060,589	$ 4,884,670
Geography Eliminations [Member] | UNITED STATES
Long-lived Assets:
Long-lived assets - geographical	4,785,588	4,554,831
Geography Eliminations [Member] | CHINA
Long-lived Assets:
Long-lived assets - geographical	172,746	178,873
Geography Eliminations [Member] | HONG KONG
Long-lived Assets:
Long-lived assets - geographical	$ 102,255	$ 150,966