Talon International (TALN) 10-K 28 Mar 17 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 24, 2017	Jun. 30, 2016
Document Information [Line Items]
Entity Registrant Name	TALON INTERNATIONAL, INC.
Entity Central Index Key	1,047,881
Trading Symbol	taln
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)		92,274,255
Entity Public Float			$ 3,490,620
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 4,913,577	$ 2,852,315
Accounts receivable, net	4,315,608	3,796,209
Inventories, net	500,482	655,360
Prepaid expenses and other current assets	702,906	554,389
Total current assets	10,432,573	7,858,273
Property and equipment, net	884,208	781,893
Intangible assets, net	4,266,596	4,313,948
Deferred income tax assets, net	5,224,018	6,043,412
Other assets	347,638	267,325
Total assets	21,155,033	19,264,851
Current liabilities:
Accounts payable	6,378,896	6,087,561
Accrued expenses	2,972,689	3,128,304
Current portion of capital lease obligations	23,749	21,940
Total current liabilities	9,375,334	9,237,805
Revolving line of credit from related party, net of discounts and deferred financing costs	4,041,345	3,492,772
Capital lease obligations, net of current portion	37,035	60,784
Deferred income tax liabilities	3,037	5,406
Other liabilities	236,088	257,903
Total liabilities	13,692,839	13,054,670
Commitments and contingencies (Note 11)
Stockholders’ Equity:
Common Stock, $0.001 par value, 300,000,000 shares authorized; 92,274,255 and 92,267,831 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively	92,274	92,268
Additional paid-in capital	65,040,432	64,754,306
Accumulated deficit	(57,743,904)	(58,738,782)
Accumulated other comprehensive income	73,392	102,389
Total stockholders’ equity	7,462,194	6,210,181
Total liabilities and stockholders’ equity	$ 21,155,033	$ 19,264,851

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	92,274,255	92,267,831
Common stock, shares outstanding (in shares)	92,274,255	92,267,831

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015		Dec. 31, 2014
Net sales	$ 48,259,855	$ 48,352,699		$ 49,322,684
Cost of goods sold	30,631,070	32,069,601		33,314,773
Gross profit	17,628,785	16,283,098		16,007,911
Sales and marketing expenses	6,785,592	6,414,932		6,330,386
General and administrative expenses	8,131,560	8,447,694		7,937,820
Total operating expenses	14,917,152	14,862,626		14,268,206
Income from operations	2,711,633	1,420,472		1,739,705
Interest expense, net	619,430	513,435	[1]	411,270	[1]
Loss on extinguishment of debt		134,049
Income before provision for income taxes	2,092,203	772,988		1,328,435
Provision for income taxes	1,097,325	261,661		756,366
Net income	$ 994,878	$ 511,327		$ 572,069
Basic and diluted net income per share (in dollars per share)	$ 0.01	$ 0.01		$ 0.01
Weighted average number of common shares outstanding - Basic (in shares)	92,271,868	92,267,831		92,153,648
Weighted average number of common shares outstanding - Diluted (in shares)	93,324,691	93,521,809		94,301,166
Net income	$ 994,878	$ 511,327		$ 572,069
Other comprehensive income (loss) from foreign currency translation	(28,997)	(13,786)		1,390
Total comprehensive income	$ 965,881	$ 497,541		$ 573,459
[1]	Interest expense related to a retired Debt Facility.

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2013	91,342,215
Balance at Dec. 31, 2013	$ 91,342	$ 64,046,631	$ 114,785	$ (59,822,178)	$ 4,430,580
Stock Based Compensation		243,377			243,377
Foreign currency translation			1,390		1,390
RSU's settlement in common stock (in shares)	610,894
RSU's settlement in common stock	$ 611	(136,812)			(136,201)
Exercise of stock options (in shares)	314,722
Exercise of stock options	$ 315	22,058			22,373
Net income				572,069	572,069
Balance (in shares) at Dec. 31, 2014	92,267,831
Balance at Dec. 31, 2014	$ 92,268	64,175,254	116,175	(59,250,109)	5,133,588
Stock Based Compensation		129,052			129,052
Foreign currency translation			(13,786)		(13,786)
Net income				511,327	511,327
Balance (in shares) at Dec. 31, 2015	92,267,831
Balance at Dec. 31, 2015	$ 92,268	64,754,306	102,389	(58,738,782)	6,210,181
Issuance of warrants to related party		450,000			450,000
Stock Based Compensation		286,833			286,833
Foreign currency translation			(28,997)		(28,997)
Exercise of stock options (in shares)	6,424
Exercise of stock options	$ 6	(707)			(701)
Net income				994,878	994,878
Balance (in shares) at Dec. 31, 2016	92,274,255
Balance at Dec. 31, 2016	$ 92,274	$ 65,040,432	$ 73,392	$ (57,743,904)	$ 7,462,194

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income	$ 994,878	$ 511,327	$ 572,069
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	301,008	257,376	265,590
Loss on disposal of property and equipment	602	122	2,297
Loss on extinguishment of debt		134,049
Amortization of deferred financing cost and debt discounts	104,276	174,474	90,572
Stock based compensation	286,833	129,052	243,377
Deferred income taxes, net	817,025	68,186	305,074
Change in provision for bad debt	(26,918)	19,938	14,624
Inventory valuation provisions (recoveries), net	(5,505)	19,973	(16,949)
Adjustment to intangible asset cost	34,268
Changes in operating assets and liabilities:
Accounts receivable	(537,688)	(826,936)	539,056
Inventories	156,622	(170,788)	310,876
Prepaid expenses and other current assets	(155,539)	(7,660)	26,796
Other assets	(83,113)	(22,847)	(36,458)
Accounts payable and accrued expenses	728,028	748,445	(1,432,069)
Other liabilities	(19,914)	38,493	3,904
Net cash provided by operating activities	2,594,863	1,073,204	888,759
Cash flows from investing activities:
Proceeds from sale of equipment	475	509	2,783
Acquisitions of property and equipment	(404,102)	(224,046)	(227,989)
Acquisitions of intangibles assets		(26,948)	(46,057)
Net cash used in investing activities	(403,627)	(250,485)	(271,263)
Cash flows from financing activities:
Proceeds from exercise of stock options			29,709
Payments related to taxes on exercise of stock options and settlement of RSU's	(700)		(143,537)
Financing costs associated with credit facilities		(147,669)	(10,000)
Payment of capital leases	(21,940)	(12,017)
Net cash used in financing activities	(22,640)	(493,020)	(1,790,494)
Net effect of foreign currency exchange translation on cash	(107,334)	(80,522)	(3,372)
Net increase (decrease) in cash and cash equivalents	2,061,262	249,177	(1,176,370)
Cash and cash equivalents at beginning of period	2,852,315	2,603,138	3,779,508
Cash and cash equivalents at end of period	4,913,577	2,852,315	2,603,138
Interest paid	(73,196)	(310,379)	(324,842)
Interest received	2,338	2,764	3,863
Income tax paid, net (principally foreign)	(232,492)	(150,818)	(417,589)
Non-cash financing activities:
Warrants issued to related party		450,000
Capital lease obligation		94,741
Interest accrued on revolving line of credit from related party	444,297	11,346
Non-cash exercise of stock options and settlements of RSU's in common stock	6		649
Effect of foreign currency translation on net assets	(28,997)	(13,786)	1,390
Term Loan Payable [Member]
Cash flows from financing activities:
Payments of term loan payable		(2,833,334)	(2,166,666)
Union Bank [Member]
Cash flows from financing activities:
Revolving line of credit from related party borrowings		700,000	1,000,000
Revolving credit loan borrowings		700,000	1,000,000
Repayments of revolving credit loan		(2,200,000)	(500,000)
Princess Investment Holdings Inc [Member] | Line of Credit [Member]
Cash flows from financing activities:
Revolving line of credit from related party borrowings		4,000,000
Revolving credit loan borrowings		4,000,000
Leasehold Improvements [Member]
Non-cash financing activities:
Lease incentives		133,333
Warrants Issued To Related Party [Member]
Non-cash financing activities:
Warrants issued to related party		$ 450,000

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 1 Nature of Business Talon International, Inc. (together with its subsidiaries, the “Company”) is an apparel company that specializes in the distribution of trim items to manufacturers of fashion apparel, specialty retailers and mass merchandisers. The Company acts as a full service outsourced trim management department for manufacturers, a specified supplier of trim items to owners of specific brands, brand licensees and retailers, a manufacturer and distributor of zippers under the Talon Tekfit Organization and Basis of Presentation Talon International, Inc. is the parent holding company of Talon Technologies, Inc., a California corporation (“Talon Tech”), formerly A.G.S. Stationery, Inc., Tag-It Pacific Limited, a Hong Kong corporation (“Tag-It HK”), Talon Zipper (Shenzhen) Co. Ltd., a China corporation, Talon International Private Limited, an India corporation and Talon Trims India Private Limited, an India corporation (collectively, the “Subsidiaries”), all of which are wholly-owned operating subsidiaries of the Company. All significant intercompany accounts and transactions have been eliminated in consolidation. Assets and liabilities of foreign subsidiaries are translated at rates of exchange in effect at the close of the period. Revenues and expenses are translated at the weighted average of exchange rates in effect during the year. The resulting translation gains and losses are deferred and are shown as a separate component of stockholders’ equity, if material, and transaction gains and losses, if any, are recorded in the consolidated statement of operations in the period incurred. During 2016, 2015 2014, Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America 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 of allowances 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. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an initial maturity of three $4.6 $2.9 December 31, 2016 2015. Allowance for Accounts Receivable Doubtful Accounts The Company is required to make judgments as to the collectability 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. The Company writes off an account when it is considered to be uncollectible. The total allowance for accounts receivable doubtful accounts at December 31, 2016 2015 $40,299 $67,217, Inventories Inventories are stated at the lower of cost, determined using the first first may Inventories consist of the following: December 31, 2016 2015 Finished goods $ 563,989 $ 724,372 Less: Inventory valuation reserves (63,507 ) (69,012 ) Inventories, net $ 500,482 $ 655,360 Impairment of Long-Lived Assets The Company records impairment charges when the carrying amounts of long-lived assets are determined not to be recoverable. Impairment is measured by assessing the usefulness of an asset or by comparing the carrying value of an asset to its fair value. Fair value is typically determined using quoted market prices, if available, or an estimate of undiscounted future cash flows expected to result from the use of the asset and its eventual disposition. The amount of impairment loss is calculated as the excess of the carrying value over the fair value. Changes in market conditions and management strategy have historically caused us to reassess the carrying amount of the Company’s long-lived assets. The Company completed the required assessment at December 31 ,2016 2015, Property and Equipment Property and equipment are recorded at historical cost. Maintenance and repairs are expensed as incurred. Upon retirement or other disposition of property and equipment, the related cost and accumulated depreciation or amortization are removed from the accounts and any gains or losses are included in results of operations. Property and equipment consist of the following: Depreciable December 31, Life 2016 2015 In Years (1) Office equipment and computer related $ 3,875,051 $ 4,126,720 3 - 5 Machinery and production related equipment 1,262,490 971,502 5 - 10 Leasehold improvements (2) 638,613 620,007 Furniture and fixtures 353,418 347,505 5 Total cost 6,129,572 6,065,734 Less: Accumulated depreciation and amortization (5,245,364 ) (5,283,841 ) Property and equipment, net $ 884,208 $ 781,893 (1) Depreciation of property and equipment is computed using the straight-line method based on estimated useful lives as shown above. (2) Depreciable life for leasehold improvements represents the term of the lease or the estimated life of the related improvements, whichever is shorter. Depreciation expense for the years ended December 31, 2016, 2015 2014 $287,924, $244,292 $252,507 Intangible Assets, net Intangible assets consist of the Talo 350, Intangibles - Goodwill and Other. 360, Property, Plant and Equipment. 350 first 50%, 350 30. December 31, 2016 2015, no 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 year ended December 31, 2016 no December 31, 2015, $26,948 December 31, 2016 December 31, 2015 $38,738 $73,005, Intangible assets as of December 31, 2016 2015 December 31, 2016 2015 Tradename - Talon trademark $ 4,110,751 $ 4,110,751 Intellectual property rights and exclusive license 217,459 251,727 Less: Accumulated amortization (10 to 17 years) (61,614 ) (48,530 ) Intellectual property rights, net 155,845 203,197 Intangible assets, net $ 4,266,596 $ 4,313,948 Amortization expense for intangible assets was $13,084 December 31, 2016, 2015 2014. Accrued Expenses Accrued expenses consist of the following: December 31, 2016 2015 Accrued payroll and related expenses $ 1,532,734 $ 1,731,121 Accrued commissions 557,369 645,503 Accrued rebates 316,287 339,780 Taxes payable 184,232 108,854 Accrued expenses 268,330 243,954 Other 113,737 59,092 Total accrued expenses $ 2,972,689 $ 3,128,304 Revenue Recognition Sales are recognized when persuasive evidence of an arrangement exists, product delivery has occurred, pricing is fixed or determinable and collection is reasonably assured. Sales resulting from customer buy-back agreements, or associated inventory storage arrangements, are recognized upon delivery of the products to the customer, the customer’s designated manufacturer, or upon notice from the customer to destroy or dispose of the goods. Sales, provisions for estimated sales returns and the cost of goods sold are recorded at the time title transfers to customers. Actual product returns are charged against estimated sales return allowances. Sales rebates and discounts are common practice in the industries in which the Company operates. Volume, promotional, price, cash and other discounts and customer incentives are accounted for as a reduction to gross sales. Rebates and discounts are recorded based upon estimates at the time products are sold. These estimates are based upon historical experience for similar programs and products. The Company reviews such rebates and discounts on an ongoing basis and accruals for rebates and discounts are adjusted, if necessary, as additional information becomes available. Shipping and Handling Costs The Company records shipping and handling costs billed to customers as a component of revenue and shipping and handling costs incurred by the Company for outbound freight are recorded as a component of cost of goods sold. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax benefit carry-forwards. Deferred tax liabilities and assets at the end of each period are determined using enacted tax rates. The Company records deferred tax assets arising from temporary timing differences between recorded net income and taxable net income when and if the Company believes that future earnings will be sufficient to realize the tax benefit. For those jurisdictions where the expiration date of tax benefit carry-forwards or the projected taxable earnings indicate that realization is not likely, a valuation allowance is provided. The provisions of FASB ASC 740, Income Taxes 740”) 740 The Company believes that its estimate of deferred tax assets and determination to record a valuation allowance against such assets are critical accounting estimates because they are subject to, among other things, an estimate of future taxable income, which is susceptible to change and dependent upon events that may may may In the fourth 2016, 2015 17, Balance Sheet Classification of Deferred Taxes” one $997,000 $746,000 December 31, 2016 2015, Stock-Based Compensation The Company has employee equity incentive plans, which are described more fully in Note 4. 718 Compensation - Stock Compensation 718”). ASC 718 December 31, 2016, 2015 2014 January 1 718, January 1 718. 2016, 2015 2014 718, The Company’s determination of fair value of share-based payment awards to employees and directors on the date of grant uses the Black-Scholes model, which is affected by the Company’s stock price as well as assumptions regarding a number of complex and subjective variables. These variables include, but are not limited to, the expected stock price volatility over the expected term of the awards and actual and projected employee stock option exercise behaviors. The Company estimates expected volatility using historical data. The expected option term is estimated using the “safe harbor” provisions under ASC 718. Foreign Currency Translation The Company’s reporting currency is US dollars. 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 until the translation adjustments are realized. Gains and losses resulting from foreign currency transactions and remeasurement adjustments of monetary assets and liabilities not held in an entity’s functional currency, which primarily affects the Company’s subsidiary in Hong Kong where the local currency of the Hong Kong Dollar is not the functional currency, are included in earnings. Classification of Expenses Cost of Goods Sold Sales and Marketing Expense – General and Administrative Expenses Interest Expense and Interest Income December 31, 2016, 2015 2014 $621,768, $516,199, $415,133, $2,338, $2,764, $3,863 December 31, 2016, 2015 2014, Comprehensive Income Comprehensive income consists of net income and unrealized income 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 in accordance with Topic 220 Comprehensive Income,” 2011 05 Presentation of Comprehensive Income Litigation The Company currently has pending various claims and complaints that arise in the ordinary course of the business. The Company believes that there are meritorious defenses to these claims and that the claims are either covered by insurance or would not have a material effect on its consolidated financial condition if adversely determined against the Company. Fair Value of Financial Instruments FASB ASC 820, “Fair Value Measurements and Disclosures” three Level 1—Observable Level 2—Include Level 3—Unobservable 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, revolving line of credit from related party, revolving credit loan and term loan payable. In accordance with ASC 820, 1 December 31, 2016 2015, $1,125,000 $860,000, 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. New Accounting Pronouncements In January 2017, 2017 03, “Accounting Changes and Error Corrections (Topic 250) 323).” 2016 74. January 2017. 2017 03 January 2017. In December 2016, 2016 20, Technical Corrections and Improvements 606): Revenue from Contracts with Customers 606, 12 606. In December 2016, 2016 19, Technical Corrections and Improvements” In October 2016, 2016 16, Income Taxes” 740): Intra-Entity Transfers of Assets Other Than Inventory The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. In August 2016, 2016 15, Statement of Cash Flows 230): Classification of Certain Cash Receipts and Cash Payments December 15, 2017, In June 2016, 2016 13, Financial Instruments – Credit Losses 326), December 15, 2019, December 15, 2018. In March 2016, 2016 09, Compensation-Stock Compensation (Topic 718): ” December 15, 2016, In February 2016, 2016 02 Leases 842). December 15, 2018 2016 02 In November 2015, 2015 17, one December 15, 2016, may 2015 17 fourth 2016. $997,067 $746,370 December 31, 2016 2015, In August 2015, 2015 15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements April 2015, 2015 03, Simplifying the Presentation of Debt Issuance Costs ” 2015 15 2015 03 2015 15 2015 03 December 15, 2015, December 31, 2015. In July 2015, 2015 11, Simplifying the Measurement of Inventory ” December 15, 2016, Other pronouncements issued by the FASB or other authoritative accounting standards groups with future effective dates are either not applicable or are not expected to be significant to the Company’s financial position, results of operations or cash flows. In August 2014, 2014 15, “ Presentation of Financial Statements - Going Concern (Subtopic 205 40) 2014 15 one 2014 15 December 15, 2016, fourth 2016.

Note 2 - Credit Facilities, Lon

Note 2 - Credit Facilities, Long Term Obligations and Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 2 Revolving Line of Credit from Related Party On August 10, 2015, may Directors. Pursuant to the Loan Agreement, Princess Investment agreed to make available to the Company a loan of up to $3,000,000 12.5%. September 1, 2015, September 1, 2016 August 10, 2018. 1,000,000 five $0.18 August 11, 2015, $1,500,000, $1,440,278 August 12, 2015 (See Retired Union Bank Credit Facilities ). The Company borrowed an additional $500,000 December 21, 2015, $2,000,000 December 21, 2015. On December 21, 2015, August 10, 2015, $3,000,000 $6,000,000 December 21, 2020 $1,000,000 two three twelve December 31, 2016, Princess Investment will make advances under the Revolving Line of Credit from time to time as requested by the Company. The Company may may November 21, 2020. 11.5%. December 21, 2015 December 1, 2016 December 1, 2016, No December 31, 2017. $25,000 twelve December 31, 2018, $35,000 twelve December 31, 2019 $50,000 twelve December 31, 2020, $60,000 The payment and performance of all the indebtedness and other obligations to Princess Investment, including all borrowings under the Princess Investment Credit Agreement, are guaranteed by the subsidiaries Talon Technologies, Inc. and Tag-It Pacific Limited pursuant to a Guaranty Agreement entered into on August 10, 2015, December 21, 2015. August 10, 2015, December 21, 2015. Pursuant to the Princess Investment Credit Agreement, the Company issued to Princess Investment warrants to purchase 2,000,000 five $0.18 On December 23, 2015, $2,000,000, $1,622,000 December 31, 2013, December 31, 2015. Upon repayment of the indebtedness under the Company’s Credit Agreement with Union Bank, Union Bank released its liens on the Company’s assets and those of the Company’s subsidiaries, Princess Investment became the only secured lender, and in addition to the Credit Agreement, the following agreements (the “Security Agreements”) terminated in accordance with their terms: Continuing Guaranties, dated December 31, 2013, December 31, 2013, August 10, 2015, August 10, 2015, After consideration of FASB ASC 480 Distinguishing Liability and Equity 815 Derivatives and Hedging the Company concluded that the warrants issued to Princess Investment should be recorded as an equity instrument. The fair value of the first one $130,000 August 10, 2015 two $320,000 December 21, 2015 At December 31, 2016, $4,455,643 $1,544,357 December 31, 2016. December 31, 2016 2015 $6,000,000 revolving line of credit from related party and accrued interest payable per terms under Princess Investment Credit Agreement through maturity date of December 21, 2020; interest at a rate per annum of 11.5% as of December 31, 2016 $ 4,455,643 $ 4,011,346 Less: Debt discounts net of related amortization (342,028 ) (428,114 ) Less: Deferred financing costs net of related amortization (72,270 ) (90,460 ) Revolving line of credit, net of debt discounts and deferred financing costs 4,041,345 3,492,772 Less: Current portion - - Revolving line of credit, net of debt discounts, deferred financing costs and current portion $ 4,041,345 $ 3,492,772 Future minimum annual payments under the Revolving Line of Credit obligation are as follows: Years ending December 31, Amount Principal (1) Interest 2017 $ 512,399 $ - $ 512,399 2018 796,512 300,000 496,512 2019 875,646 420,000 455,646 2020 4,124,592 3,735,643 388,949 Total $ 6,309,149 $ 4,455,643 $ 1,853,506 (1) Includes $455,643 December 21, 2015 November 30, 2016. Interest expense, net, included on the Company’s Consolidated Statements of Operations and Comprehensive Income is comprised as follows: Years Ended December 31, 2016 2015 (1) 2014 (1) Revolving line of credit from related party $ 487,816 $ 120,883 $ 61,733 Revolving credit loan - 93,280 257,071 Term loan payable - 94,907 - Amortization of deferred financing costs 18,190 152,589 90,572 Amortization of debt discounts 86,086 21,885 - Total Credit Facilities related interest expense 592,092 483,544 409,376 Other interest expense, net 27,338 29,891 1,894 Interest expense, net $ 619,430 $ 513,435 $ 411,270 (1) Interest expense related to a retired Debt Facility. Retired Union Bank Credit Facilities On December 31, 2013, 24 36 September 30, 2015, December 23, 2015, The revolving loan commitment included available borrowings of up to $3,500,000 $1,000,000. two one (2.50%) 3.25% December 31, 2014. The Credit Agreement initially provided for a term loan in the amount of $5,000,000 36 $138,889 January 31, 2014 two three (2.75%) $250,000 $827,490 December 31, 2013, July 2013 $5,800,000 1.25 $2,750,000 12 (1.25:1.00) $2,750,000 12 September 30, 2014 December 31, 2014, $10,000, December 31, 2014 $500,000 On March 3, 2015, March 31, 2015 0.70:1.00 June 30, 2015 1.00:1.00; 12 2015 $2,750,000 $1,750,000; two January 1, 2015; $600,000 2015 ($400,000 second 2015 $200,000 third 2015), 1% March 1, 2015; $50,000, March 31, 2015 June 30, 2015. first 2015 $6,915. 12 June 30, 2015, $715,000 one three June 30, 2015. August 4, 2015, $25,000 The payment and performance of all indebtedness and other obligations under the Union Bank Credit Facilities were 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, $3,000,000 $1,440,278 August 31, 2015. $18,000 August 11, 2015, August 12, 2015, $1,440,278 in outstanding Term Loan Payable from Union Bank as well as the unpaid interest. During the year ended December 31, 2015, $700,000 $2,200,000 December 31, 2015. Capital Leases The Company has financed purchases of furniture and fixtures through various capital lease obligations which bear interest at a rate of 8% May 2019. At December 31, 2016, $94,739 $31,580. December 31, 2015, $94,739 $12,632. Future minimum annual payments under these capital lease obligations are as follows: Years ending December 31, Amount 2017 $ 27,728 2018 27,728 2019 11,554 Total payments 67,010 Less amount representing interest (6,226 ) Balance at December 31, 2016 60,784 Less current portion (23,749 ) Long-term portion $ 37,035

Note 3 - Stockholders' Equity

Note 3 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 3 Authorized Common Stock and Preferred S tock The Company’s Certificate of Incorporation currently authorizes 300,000,000 3,000,000 $0.001 No December 31, 2016 2015.

Note 4 - Stock-based Compensati

Note 4 - Stock-based Compensation	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 4 The Company accounts for stock-based awards to employees and directors in accordance with FASB ASC 718, Compensation - Stock Compensation” 718”), 505 50, Equity-Based Payments to Non-Employees”. Stock Options and Warrants The Company’s 2008 2,500,000 November 19, 2010, 2008 2,500,000 4,810,000. November 8, 2013, 2008 4,810,000 15,000,000 may The Company’s 2007 2007, 1997 October 1, 1997) 2007 2,600,000 2007 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 4 10 Options granted for the years ended December 31, 2016, 2015 2014 4,525,000, 800,000 4,045,000, During the year ended December 31, 2016, 20,000 2008 13,576 $0.06 $0.14 $1,900. During the year ended December 31, 2014, 186,458 2007 2008 148,820 $0.18 $0.27 $40,181. December 31, 2014, 277,084 2008 $29,709 $0.11 $0.23 No options were exercised during the year ended December 31, 2015. On February 10, 2016, 250,000 five $0.14 4(a)(2) 1933, Pursuant to the Princess Investment Loan Agreement and Credit Agreement, during the year ended December 31, 2015, 3,000,000 five $0.18 2). The following table summarizes the activity in the Company’s share-based compensation plans and other share-based grants: Number of Shares Weighted Average Exercise Price Employees and Directors Options outstanding - January 1, 2014 6,221,725 $ 0.19 Granted 4,045,000 $ 0.21 Exercised (463,542 ) $ 0.13 Cancelled (55,416 ) $ 0.19 Options outstanding – December 31, 2014 9,747,767 $ 0.20 Granted 800,000 $ 0.15 Exercised - $ - Cancelled (2,112,500 ) $ 0.25 Options outstanding – December 31, 2015 8,435,267 $ 0.18 Granted 4,525,000 $ 0.14 Exercised (20,000 ) $ 0.06 Cancelled (3,007,000 ) $ 0.19 Options outstanding – December 31, 2016 9,933,267 $ 0.16 Non Employees Warrants outstanding –January 1, 2014 and December 31, 2014 - $ - Granted 3,000,000 $ 0.18 Exercised - $ - Cancelled - $ - Warrants outstanding –December 31, 2015 3,000,000 $ 0.18 Granted 250,000 $ 0.14 Exercised - $ - Cancelled - $ - Warrants outstanding – December 31, 2016 3,250,000 $ 0.18 The Company’s determination of fair value of share-based payment awards on the date of grant uses the Black-Scholes model and the assumptions noted in the following table for the years indicated. Expected volatilities are based on the historical volatility of the Company’s stock price and other factors. These variables include, but are not limited to, the expected stock price volatility over the expected term of the awards and actual and projected employee stock option exercise behaviors. The expected option term is estimated using the “safe harbor” provisions under ASC 718. Years Ended December 31, 2016 2015 2014 Stock Options and Warrants Expected volatility 246 - 262% 242 - 266% 255 - 260% Expected term (yrs) 5.0 - 6.1 5.0 - 6.1 5.3 - 6.1 Expected dividends - - - Risk-free rate 1.1 - 1.6% 1.6 - 2.0% 1.6 - 1.8% A summary of the Company’s stock option and warrants information as of December 31, 2016, 2015 2014 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Intrinsic Value Employees and Directors Stock Options At December 31, 2016 Outstanding 9,933,267 $ 0.16 6.7 $ 0.01 Vested and expected to vest 9,836,988 $ 0.16 6.7 $ 0.01 Exercisable 5,316,181 $ 0.17 4.8 $ 0.02 At December 31, 2015 Outstanding 8,435,627 $ 0.18 5.7 $ 0.03 Vested and expected to vest 8,381,079 $ 0.18 5.6 $ 0.04 Exercisable 6,322,764 $ 0.18 4.6 $ 0.04 Non-Employee Warrants At December 31, 2016 Outstanding 3,250,000 $ 0.18 3.9 $ - Vested and expected to vest 3,250,000 $ 0.18 3.9 $ - Exercisable 3,250,000 $ 0.18 3.9 $ - At December 31, 2015 Outstanding 3,000,000 $ 0.18 4.9 $ - Vested and expected to vest 3,000,000 $ 0.18 4.9 $ - Exercisable 3,000,000 $ 0.18 4.9 $ - The aggregate intrinsic value of the stock options and warrants was calculated as the difference between the exercise price of a stock option or a warrant, as applicable, and the quoted price of the Company’s common stock at December 31, 2016 2015. December 31, 2016 2015. The total grant date fair value of stock options and warrants that vested during the years ended December 31, 2016, 2015 2014 $209,850, $651,024 $129,896, December 31, 2016, 2015 2014 $286,833, $129,052 $243,377 There were approximately $551,946 December 31, 2016. 6.7 $363,197 December 31, 2015. 5.7 Restricted Stock Units (RSU’s) There were no outstanding RSUs and no unamortized stock-based compensation expense related to RSUs as of December 31, 2016, 2015 2014.

Note 5 - Net Income Per Share

Note 5 - Net Income Per Share	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 5 The following table presents the basic and diluted net income per share for each period presented: Net income (loss) Shares Per Share Amount Year ended December 31, 2014 Basic net income: Net income $ 572,069 92,153,648 $ 0.01 Effect of Dilutive Securities - Options - 2,147,518 0.00 Diluted net income per share $ 572,069 94,301,166 $ 0.01 Year ended December 31, 2015 Basic net income: Net income $ 511,327 92,267,831 $ 0.01 Effect of Dilutive Securities - Options - 1,253,978 0.00 Diluted net income per share $ 511,327 93,521,809 $ 0.01 Year ended December 31, 2016 Basic net income: Net income $ 994,878 92,271,868 $ 0.01 Effect of Dilutive Securities - Options - 1,052,823 0.00 Diluted net income per share $ 994,878 93,324,691 $ 0.01 For the year ended December 31, 2016, 2,021,667 $0.04 $0.11 7,911,600 $0.10 $1.33 3,250,000 $0.14 $0.18 For the year ended December 31, 2015, 2,691,667 $0.04 $0.11 5,743,600 $0.15 $1.33 3,000,000 $0.18 For the year ended December 31, 2014, 5,066,667 $0.04 $0.20 4,681,100 $0.21 $5.23

Note 6 - Income Taxes

Note 6 - Income Taxes	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 6 The components of the provision for income taxes included in the consolidated statements of operations are as follows: Years Ended December 31, 2016 2015 2014 Current: Federal $ - $ - $ - State (129 ) 3,294 5,596 Foreign 280,429 190,181 445,696 Total current 280,300 193,475 451,292 Deferred: Federal 491,014 56,835 259,028 State 328,380 4,051 68,214 Foreign (2,369 ) 7,300 (22,168 ) Total deferred 817,025 68,186 305,074 Total $ 1,097,325 $ 261,661 $ 756,366 A reconciliation of the statutory Federal income tax rate with the Company’s effective income tax rate is as follows: Years Ended December 31, 2016 2015 2014 Current: Federal statutory rate 34.0 % 34.0 % 34.0 % State taxes, net of federal benefit 10.4 0.6 3.7 Change in effective foreign tax rate 3.1 (4.1 ) (12.5 ) Foreign dividend, net of foreign tax credit - 3.8 21.1 Other permanent differences 3.6 6.2 8.8 Change in valuation allowance 1.4 (14.6 ) (1.9 ) Change in uncertainty in income taxes - - - Other (0.1 ) 8.0 3.7 Total 52.4 % 33.9 % 56.9 % Net income before income taxes is as follows: Years Ended December 31, 2016 2015 2014 Domestic $ 1,466,325 $ 574,028 $ (151,579 ) Foreign 625,878 198,960 1,480,014 Total $ 2,092,203 $ 772,988 $ 1,328,435 The primary components of temporary differences which give rise to the Company’s deferred tax being presented as part of Deferred income tax assets, net (in long term assets), or Deferred income tax liabilities (in long term liabilities) in the Company’s Consolidated Balance Sheet are as follows: December 31, 2016 2015 Net deferred income taxes: Net operating loss carry-forward $ 4,989,624 $ 5,840,011 Intangible assets, net (1,426,909 ) (1,304,246 ) Property and equipment, net (16,058 ) (62,447 ) Related party interest 127,779 4,486 Credit carryforwards 1,212,818 1,019,565 Stock awards expense 317,041 351,375 Payroll 52,664 240,915 Other 62,303 17,393 Total 5,319,262 6,107,052 Less: Valuation allowance (98,281 ) (69,046 ) Net deferred income taxes $ 5,220,981 $ 6,038,006 Presented as part of: Current deferred income tax assets, net $ - $ - Deferred income tax assets, net $ 5,224,018 $ 6,043,412 Deferred income tax liabilities $ (3,037 ) $ (5,406 ) For the years ended December 31, 2016, 2015 2014 no no At December 31, 2016 2015, $12.6 $14.3 $15.0 $18.4 2032. 382 50% three The provisions of ASC 740 740 The Company maintains a valuation allowance for its deferred tax assets until evidence exists to support the modification of the allowance. At the end of each period, the Company reviews supporting evidence, including the performance against sales and income projections, to determine if a modification of the valuation allowance is warranted. If it is determined that it is more likely than not that the Company will be not be able to recognize all or a greater portion of its deferred tax assets, the Company will at that time increase the valuation allowance. In 2016 In 2015 $150,000 In 2014 $1.4 Tax years subject to examination by the tax authorities for Talon International, Inc. for Federal returns (US) are 2013 2016, 2013 2016, 2007 2016.

Note 7 - Commitments and Contin

Note 7 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 7 COMMITMENTS AND CONTINGENCIES Operating Leases The Company is a party to a number of non-cancelable operating lease agreements involving buildings and equipment, which expire at various dates through 2020. 840 Leases tenant The future minimum lease commitments at December 31, 2016, Years Ended December 31, Amount 2017 $ 884,540 2018 584,221 2019 443,359 2020 181,889 Total minimum payments $ 2,094,009 Total rental expense for the years ended December 31, 2016, 2015 2014 $949,897, $878,518 $793,385, Profit Sharing Plan In October 1999, 401(k) may 401(k) 50% $2,000 January 2014, Total contributions for the years ended December 31, 2016, 2015 2014 $50,430, $60,055, $43,846, 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 condition if adversely determined against the Company. In November 2002, 460 10, Guarantees 460 10”) 850 10, Related Party Disclosures 850 10”). 460 10 850 10: ● In accordance with the bylaws of the Company, officers and directors are indemnified for certain events or occurrences arising as a result of the officer or director’s 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 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 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. Accordingly, the Company has not recorded any related liabilities.

Note 8 - Segment Reporting and

Note 8 - Segment Reporting and Geographic Information	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 8 The Company manufactures and distributes a full range of zipper (Talon Zipper) and trim (Talon Trim) components, which includes stretch technology component products, to specialty retailers and mass merchandisers. The Company’s organization is based on operating divisions representing these major product lines, and the Company’s Chief Operating Decision Makers (“CODM”, identified as the Company’s executive officers with the oversight of Talon’s Board of Directors) use these divisions to assess performance, allocate resources and make other operating decisions. During the fourth 2015, 280, Segment Reporting As a result of this assessment, the Company has identified and realigned the reporting of its operating segments into two Information about the assets for each of the reportable segments is not maintained by the Company and therefore is not reviewed by the CODM; the CODM reviews and assesses assets on a consolidated basis. As a result, information about the assets for each of the reportable segments is not included on the Company’s segment reporting footnote. As the Company evolves, adjustments may The net revenues and operating margins for the two Years Ended December 31, 2016 Talon Zipper Talon Trim Consolidated Net sales $ 17,582,328 $ 30,677,527 $ 48,259,855 Cost of goods sold 12,728,010 17,903,060 30,631,070 Gross profit $ 4,854,318 $ 12,774,467 17,628,785 Operating expenses 14,917,152 Income from operations $ 2,711,633 Years Ended December 31, 2015 Talon Zipper Talon Trim Consolidated Net sales $ 21,283,641 $ 27,069,058 $ 48,352,699 Cost of goods sold 15,708,581 16,361,020 32,069,601 Gross profit $ 5,575,060 $ 10,708,038 16,283,098 Operating expenses 14,862,626 Income from operations $ 1,420,472 Years Ended December 31, 2014 Talon Zipper Talon Trim Consolidated Net sales $ 24,709,639 $ 24,613,045 $ 49,322,684 Cost of goods sold 17,951,591 15,363,182 33,314,773 Gross profit $ 6,758,048 $ 9,249,863 16,007,911 Operating expenses 14,268,206 Income from operations $ 1,739,705 The Company distributes its products internationally and has reporting requirements based on geographic regions. Long-lived assets are attributed to countries based on the location of the assets and revenues are attributed to countries based on customer delivery locations, as follows: Years Ended December 31, 2016 2015 2014 Sales: United States $ 4,172,104 $ 3,416,139 $ 4,396,352 China 12,440,661 12,649,786 15,564,055 Hong Kong 11,616,502 10,637,605 11,496,969 Bangladesh 3,534,179 3,103,010 2,522,576 Vietnam 3,633,967 3,920,185 2,377,472 India 2,880,394 3,290,555 2,086,261 Other 9,982,048 11,335,419 10,878,999 Total $ 48,259,855 $ 48,352,699 $ 49,322,684 Years Ended December 31, 2016 2015 Long-lived Assets: United States $ 4,915,383 $ 4,793,042 China 164,081 213,887 Hong Kong 66,347 88,912 India 4,993 - Total $ 5,150,804 $ 5,095,841

Note 9 - Major Customers and Ve

Note 9 - Major Customers and Vendors	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	NOTE 9 Our sales depend to a significant extent upon the Company’s customers. If we lose our significant brand nominations, or these customers fail to purchase our products at anticipated levels, or our relationship with these customers or the brands and retailers they serve diminishes, it may For the years ended December 31, 2016, 2015 2014, three 8%, 6% 5%, Three vendors, each representing more than 10% 67% December 31, 2016, 74% December 31, 2015, 68% December 31, 2014. Included in accounts payable and accrued expenses at December 31, 2016 2015 $4,006,087 $3,733,646

Note 10 Quarterly Results (Unau

Note 10 Quarterly Results (Unaudited)	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Quarterly Financial Information [Text Block]	NOTE 10 Quarterly results for the years ended December 31, 2016 2015 Year Ended December 31, 2016 1st 2nd 3rd 4th Net sales $ 11,264,632 $ 14,454,889 $ 10,856,283 $ 11,684,051 Gross profit $ 4,164,259 $ 5,451,546 $ 3,801,107 $ 4,211,873 Income from operations $ 235,415 $ 1,803,018 $ 228,642 $ 444,558 Net income (loss $ 49,117 $ 957,698 $ 20,695 $ (32,632 ) Net income (loss) per share $ - $ 0.01 $ - $ - Basic and diluted net income (loss) per share applicable to Common Stockholders $ - $ 0.01 $ - $ (0.00 ) Total comprehensive income (loss) $ 48,619 $ 945,945 $ 18,419 $ (47,102 ) Year Ended December 31, 2015 1st 2nd 3rd 4th Net sales $ 10,808,422 $ 15,787,278 $ 9,992,091 $ 11,764,908 Gross profit $ 3,563,907 $ 5,032,959 $ 3,373,541 $ 4,312,691 Income (loss) from operations $ (145,819 ) $ 772,841 $ 163,231 $ 630,219 Net income (loss) $ (159,223 ) $ 448,507 $ (90,353 ) $ 312,396 Net income (loss) per share $ - $ - $ - $ - Basic and diluted net income (loss) per share applicable to Common Stockholders $ - $ - $ - $ - Total comprehensive income (loss) $ (158,944 ) $ 448,818 $ (100,573 ) $ 308,240 The Company typically experiences seasonal fluctuations in sales volume consistent with the purchase demands within the apparel industry. In most years, these seasonal fluctuations result in lower sales volumes for the Company’s business in the first fourth second third 90 150 fourth second third Quarterly and year-to-date computations of per share amounts are made independently. Therefore, the sum of per share amounts for the quarters may

Note 11 - Subsequent Events

Note 11 - Subsequent Events	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 11 The Company evaluated subsequent events after the balance sheet date of December 31, 2016

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts and Reserves	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	Schedule II – Valuation and Qualifying Accounts and Reserves Description Balance at Beginning of Year Additions (Adjustments) Deductions Balance at End of Year 2016 Allowance for doubtful accounts deducted from accounts receivable in the balance sheet $ 67,000 $ 13,000 $ 40,000 $ 40,000 Reserve for inventory valuation deducted from inventories on the balance sheet 69,000 8,000 13,000 64,000 Valuation reserve deducted from deferred income tax assets 69,000 39,000 10,000 98,000 $ 205,000 $ 60,000 $ 63,000 $ 202,000 2015 Allowance for doubtful accounts deducted from accounts receivable in the balance sheet $ 51,000 $ 19,000 $ 3,000 $ 67,000 Reserve for inventory valuation deducted from inventories on the balance sheet 199,000 20,000 150,000 69,000 Valuation reserve deducted from deferred income tax assets 240,000 (171,000 ) - 69,000 $ 490,000 $ (132,000 ) $ 153,000 $ 205,000 2014 Allowance for doubtful accounts deducted from accounts receivable in the balance sheet $ 42,000 $ 23,000 $ 14,000 $ 51,000 Reserve for inventory valuation deducted from inventories on the balance sheet 230,000 (17,000 ) 14,000 199,000 Valuation reserve deducted from deferred income tax assets 278,000 (38,000 ) - 240,000 $ 550,000 $ (32,000 ) $ 28,000 $ 490,000 (1) Additions to the allowance for doubtful accounts include provisions for uncollectible accounts. Bad debt expense includes (and additions above exclude) net direct write-offs of amounts representing less than $1,000 December 31, 2016, 2015 2014. 2016, 2015 2014 $86,000, $189,000 $46,000, (2) Deductions from the allowance for doubtful accounts include amounts applied to write-offs and reversals of prior period provisions. Deductions from the inventory valuation reserve include application of the reserve against obsolete, excess, slow-moving or disposed inventory.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Organization and Basis of Presentation Talon International, Inc. is the parent holding company of Talon Technologies, Inc., a California corporation (“Talon Tech”), formerly A.G.S. Stationery, Inc., Tag-It Pacific Limited, a Hong Kong corporation (“Tag-It HK”), Talon Zipper (Shenzhen) Co. Ltd., a China corporation, Talon International Private Limited, an India corporation and Talon Trims India Private Limited, an India corporation (collectively, the “Subsidiaries”), all of which are wholly-owned operating subsidiaries of the Company. All significant intercompany accounts and transactions have been eliminated in consolidation. Assets and liabilities of foreign subsidiaries are translated at rates of exchange in effect at the close of the period. Revenues and expenses are translated at the weighted average of exchange rates in effect during the year. The resulting translation gains and losses are deferred and are shown as a separate component of stockholders’ equity, if material, and transaction gains and losses, if any, are recorded in the consolidated statement of operations in the period incurred. During 2016, 2015 2014,
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America 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 of allowances 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.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an initial maturity of three $4.6 $2.9 December 31, 2016 2015.
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 collectability 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. The Company writes off an account when it is considered to be uncollectible. The total allowance for accounts receivable doubtful accounts at December 31, 2016 2015 $40,299 $67,217,
Inventory, Policy [Policy Text Block]	Inventories Inventories are stated at the lower of cost, determined using the first first may Inventories consist of the following: December 31, 2016 2015 Finished goods $ 563,989 $ 724,372 Less: Inventory valuation reserves (63,507 ) (69,012 ) Inventories, net $ 500,482 $ 655,360
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets The Company records impairment charges when the carrying amounts of long-lived assets are determined not to be recoverable. Impairment is measured by assessing the usefulness of an asset or by comparing the carrying value of an asset to its fair value. Fair value is typically determined using quoted market prices, if available, or an estimate of undiscounted future cash flows expected to result from the use of the asset and its eventual disposition. The amount of impairment loss is calculated as the excess of the carrying value over the fair value. Changes in market conditions and management strategy have historically caused us to reassess the carrying amount of the Company’s long-lived assets. The Company completed the required assessment at December 31 ,2016 2015,
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are recorded at historical cost. Maintenance and repairs are expensed as incurred. Upon retirement or other disposition of property and equipment, the related cost and accumulated depreciation or amortization are removed from the accounts and any gains or losses are included in results of operations. Property and equipment consist of the following: Depreciable December 31, Life 2016 2015 In Years (1) Office equipment and computer related $ 3,875,051 $ 4,126,720 3 - 5 Machinery and production related equipment 1,262,490 971,502 5 - 10 Leasehold improvements (2) 638,613 620,007 Furniture and fixtures 353,418 347,505 5 Total cost 6,129,572 6,065,734 Less: Accumulated depreciation and amortization (5,245,364 ) (5,283,841 ) Property and equipment, net $ 884,208 $ 781,893 (1) Depreciation of property and equipment is computed using the straight-line method based on estimated useful lives as shown above. (2) Depreciable life for leasehold improvements represents the term of the lease or the estimated life of the related improvements, whichever is shorter. Depreciation expense for the years ended December 31, 2016, 2015 2014 $287,924, $244,292 $252,507
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Intangible Assets, net Intangible assets consist of the Talo 350, Intangibles - Goodwill and Other. 360, Property, Plant and Equipment. 350 first 50%, 350 30. December 31, 2016 2015, no 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 year ended December 31, 2016 no December 31, 2015, $26,948 December 31, 2016 December 31, 2015 $38,738 $73,005, Intangible assets as of December 31, 2016 2015 December 31, 2016 2015 Tradename - Talon trademark $ 4,110,751 $ 4,110,751 Intellectual property rights and exclusive license 217,459 251,727 Less: Accumulated amortization (10 to 17 years) (61,614 ) (48,530 ) Intellectual property rights, net 155,845 203,197 Intangible assets, net $ 4,266,596 $ 4,313,948 Amortization expense for intangible assets was $13,084 December 31, 2016, 2015 2014.
Accrued Expenses, Policy [Policy Text Block]	Accrued Expenses Accrued expenses consist of the following: December 31, 2016 2015 Accrued payroll and related expenses $ 1,532,734 $ 1,731,121 Accrued commissions 557,369 645,503 Accrued rebates 316,287 339,780 Taxes payable 184,232 108,854 Accrued expenses 268,330 243,954 Other 113,737 59,092 Total accrued expenses $ 2,972,689 $ 3,128,304
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Sales are recognized when persuasive evidence of an arrangement exists, product delivery has occurred, pricing is fixed or determinable and collection is reasonably assured. Sales resulting from customer buy-back agreements, or associated inventory storage arrangements, are recognized upon delivery of the products to the customer, the customer’s designated manufacturer, or upon notice from the customer to destroy or dispose of the goods. Sales, provisions for estimated sales returns and the cost of goods sold are recorded at the time title transfers to customers. Actual product returns are charged against estimated sales return allowances. Sales rebates and discounts are common practice in the industries in which the Company operates. Volume, promotional, price, cash and other discounts and customer incentives are accounted for as a reduction to gross sales. Rebates and discounts are recorded based upon estimates at the time products are sold. These estimates are based upon historical experience for similar programs and products. The Company reviews such rebates and discounts on an ongoing basis and accruals for rebates and discounts are adjusted, if necessary, as additional information becomes available.
Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Costs The Company records shipping and handling costs billed to customers as a component of revenue and shipping and handling costs incurred by the Company for outbound freight are recorded as a component of cost of goods sold.
Income Tax, Policy [Policy Text Block]	Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax benefit carry-forwards. Deferred tax liabilities and assets at the end of each period are determined using enacted tax rates. The Company records deferred tax assets arising from temporary timing differences between recorded net income and taxable net income when and if the Company believes that future earnings will be sufficient to realize the tax benefit. For those jurisdictions where the expiration date of tax benefit carry-forwards or the projected taxable earnings indicate that realization is not likely, a valuation allowance is provided. The provisions of FASB ASC 740, Income Taxes 740”) 740 The Company believes that its estimate of deferred tax assets and determination to record a valuation allowance against such assets are critical accounting estimates because they are subject to, among other things, an estimate of future taxable income, which is susceptible to change and dependent upon events that may may may In the fourth 2016, 2015 17, Balance Sheet Classification of Deferred Taxes” one $997,000 $746,000 December 31, 2016 2015,
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation The Company has employee equity incentive plans, which are described more fully in Note 4. 718 Compensation - Stock Compensation 718”). ASC 718 December 31, 2016, 2015 2014 January 1 718, January 1 718. 2016, 2015 2014 718, The Company’s determination of fair value of share-based payment awards to employees and directors on the date of grant uses the Black-Scholes model, which is affected by the Company’s stock price as well as assumptions regarding a number of complex and subjective variables. These variables include, but are not limited to, the expected stock price volatility over the expected term of the awards and actual and projected employee stock option exercise behaviors. The Company estimates expected volatility using historical data. The expected option term is estimated using the “safe harbor” provisions under ASC 718.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation The Company’s reporting currency is US dollars. 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 until the translation adjustments are realized. Gains and losses resulting from foreign currency transactions and remeasurement adjustments of monetary assets and liabilities not held in an entity’s functional currency, which primarily affects the Company’s subsidiary in Hong Kong where the local currency of the Hong Kong Dollar is not the functional currency, are included in earnings.
Cost of Sales, Policy [Policy Text Block]	Cost of Goods Sold
Selling, General and Administrative Expenses, Policy [Policy Text Block]	Sales and Marketing Expense – General and Administrative Expenses
Interest Expense, Policy [Policy Text Block]	Interest Expense and Interest Income December 31, 2016, 2015 2014 $621,768, $516,199, $415,133, $2,338, $2,764, $3,863 December 31, 2016, 2015 2014,
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income Comprehensive income consists of net income and unrealized income 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 in accordance with Topic 220 Comprehensive Income,” 2011 05 Presentation of Comprehensive Income
Commitments and Contingencies, Policy [Policy Text Block]	Litigation The Company currently has pending various claims and complaints that arise in the ordinary course of the business. The Company believes that there are meritorious defenses to these claims and that the claims are either covered by insurance or would not have a material effect on its consolidated financial condition if adversely determined against the Company.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value of Financial Instruments FASB ASC 820, “Fair Value Measurements and Disclosures” three Level 1—Observable Level 2—Include Level 3—Unobservable 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, revolving line of credit from related party, revolving credit loan and term loan payable. In accordance with ASC 820, 1 December 31, 2016 2015, $1,125,000 $860,000,
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.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In January 2017, 2017 03, “Accounting Changes and Error Corrections (Topic 250) 323).” 2016 74. January 2017. 2017 03 January 2017. In December 2016, 2016 20, Technical Corrections and Improvements 606): Revenue from Contracts with Customers 606, 12 606. In December 2016, 2016 19, Technical Corrections and Improvements” In October 2016, 2016 16, Income Taxes” 740): Intra-Entity Transfers of Assets Other Than Inventory The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. In August 2016, 2016 15, Statement of Cash Flows 230): Classification of Certain Cash Receipts and Cash Payments December 15, 2017, In June 2016, 2016 13, Financial Instruments – Credit Losses 326), December 15, 2019, December 15, 2018. In March 2016, 2016 09, Compensation-Stock Compensation (Topic 718): ” December 15, 2016, In February 2016, 2016 02 Leases 842). December 15, 2018 2016 02 In November 2015, 2015 17, one December 15, 2016, may 2015 17 fourth 2016. $997,067 $746,370 December 31, 2016 2015, In August 2015, 2015 15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements April 2015, 2015 03, Simplifying the Presentation of Debt Issuance Costs ” 2015 15 2015 03 2015 15 2015 03 December 15, 2015, December 31, 2015. In July 2015, 2015 11, Simplifying the Measurement of Inventory ” December 15, 2016, Other pronouncements issued by the FASB or other authoritative accounting standards groups with future effective dates are either not applicable or are not expected to be significant to the Company’s financial position, results of operations or cash flows. In August 2014, 2014 15, “ Presentation of Financial Statements - Going Concern (Subtopic 205 40) 2014 15 one 2014 15 December 15, 2016, fourth 2016.

Note 1 - Summary of Significa20

Note 1 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, 2016 2015 Finished goods $ 563,989 $ 724,372 Less: Inventory valuation reserves (63,507 ) (69,012 ) Inventories, net $ 500,482 $ 655,360
Property, Plant and Equipment [Table Text Block]	Depreciable December 31, Life 2016 2015 In Years (1) Office equipment and computer related $ 3,875,051 $ 4,126,720 3 - 5 Machinery and production related equipment 1,262,490 971,502 5 - 10 Leasehold improvements (2) 638,613 620,007 Furniture and fixtures 353,418 347,505 5 Total cost 6,129,572 6,065,734 Less: Accumulated depreciation and amortization (5,245,364 ) (5,283,841 ) Property and equipment, net $ 884,208 $ 781,893
Schedule of Intangible Assets and Goodwill [Table Text Block]	December 31, 2016 2015 Tradename - Talon trademark $ 4,110,751 $ 4,110,751 Intellectual property rights and exclusive license 217,459 251,727 Less: Accumulated amortization (10 to 17 years) (61,614 ) (48,530 ) Intellectual property rights, net 155,845 203,197 Intangible assets, net $ 4,266,596 $ 4,313,948
Schedule of Accrued Liabilities [Table Text Block]	December 31, 2016 2015 Accrued payroll and related expenses $ 1,532,734 $ 1,731,121 Accrued commissions 557,369 645,503 Accrued rebates 316,287 339,780 Taxes payable 184,232 108,854 Accrued expenses 268,330 243,954 Other 113,737 59,092 Total accrued expenses $ 2,972,689 $ 3,128,304

Note 2 - Credit Facilities, L21

Note 2 - Credit Facilities, Long Term Obligations and Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	December 31, 2016 2015 $6,000,000 revolving line of credit from related party and accrued interest payable per terms under Princess Investment Credit Agreement through maturity date of December 21, 2020; interest at a rate per annum of 11.5% as of December 31, 2016 $ 4,455,643 $ 4,011,346 Less: Debt discounts net of related amortization (342,028 ) (428,114 ) Less: Deferred financing costs net of related amortization (72,270 ) (90,460 ) Revolving line of credit, net of debt discounts and deferred financing costs 4,041,345 3,492,772 Less: Current portion - - Revolving line of credit, net of debt discounts, deferred financing costs and current portion $ 4,041,345 $ 3,492,772
Interest Income and Interest Expense Disclosure [Table Text Block]	Years Ended December 31, 2016 2015 (1) 2014 (1) Revolving line of credit from related party $ 487,816 $ 120,883 $ 61,733 Revolving credit loan - 93,280 257,071 Term loan payable - 94,907 - Amortization of deferred financing costs 18,190 152,589 90,572 Amortization of debt discounts 86,086 21,885 - Total Credit Facilities related interest expense 592,092 483,544 409,376 Other interest expense, net 27,338 29,891 1,894 Interest expense, net $ 619,430 $ 513,435 $ 411,270
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	Years ending December 31, Amount 2017 $ 27,728 2018 27,728 2019 11,554 Total payments 67,010 Less amount representing interest (6,226 ) Balance at December 31, 2016 60,784 Less current portion (23,749 ) Long-term portion $ 37,035
Line of Credit [Member]
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	Years ending December 31, Amount Principal (1) Interest 2017 $ 512,399 $ - $ 512,399 2018 796,512 300,000 496,512 2019 875,646 420,000 455,646 2020 4,124,592 3,735,643 388,949 Total $ 6,309,149 $ 4,455,643 $ 1,853,506

Note 4 - Stock-based Compensa22

Note 4 - Stock-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
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, 2014 6,221,725 $ 0.19 Granted 4,045,000 $ 0.21 Exercised (463,542 ) $ 0.13 Cancelled (55,416 ) $ 0.19 Options outstanding – December 31, 2014 9,747,767 $ 0.20 Granted 800,000 $ 0.15 Exercised - $ - Cancelled (2,112,500 ) $ 0.25 Options outstanding – December 31, 2015 8,435,267 $ 0.18 Granted 4,525,000 $ 0.14 Exercised (20,000 ) $ 0.06 Cancelled (3,007,000 ) $ 0.19 Options outstanding – December 31, 2016 9,933,267 $ 0.16 Non Employees Warrants outstanding –January 1, 2014 and December 31, 2014 - $ - Granted 3,000,000 $ 0.18 Exercised - $ - Cancelled - $ - Warrants outstanding –December 31, 2015 3,000,000 $ 0.18 Granted 250,000 $ 0.14 Exercised - $ - Cancelled - $ - Warrants outstanding – December 31, 2016 3,250,000 $ 0.18
Schedule of Share-based Compensation, Activity [Table Text Block]	Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Intrinsic Value Employees and Directors Stock Options At December 31, 2016 Outstanding 9,933,267 $ 0.16 6.7 $ 0.01 Vested and expected to vest 9,836,988 $ 0.16 6.7 $ 0.01 Exercisable 5,316,181 $ 0.17 4.8 $ 0.02 At December 31, 2015 Outstanding 8,435,627 $ 0.18 5.7 $ 0.03 Vested and expected to vest 8,381,079 $ 0.18 5.6 $ 0.04 Exercisable 6,322,764 $ 0.18 4.6 $ 0.04 Non-Employee Warrants At December 31, 2016 Outstanding 3,250,000 $ 0.18 3.9 $ - Vested and expected to vest 3,250,000 $ 0.18 3.9 $ - Exercisable 3,250,000 $ 0.18 3.9 $ - At December 31, 2015 Outstanding 3,000,000 $ 0.18 4.9 $ - Vested and expected to vest 3,000,000 $ 0.18 4.9 $ - Exercisable 3,000,000 $ 0.18 4.9 $ -
Stock Options and Warrants [Member]
Notes Tables
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Years Ended December 31, 2016 2015 2014 Stock Options and Warrants Expected volatility 246 - 262% 242 - 266% 255 - 260% Expected term (yrs) 5.0 - 6.1 5.0 - 6.1 5.3 - 6.1 Expected dividends - - - Risk-free rate 1.1 - 1.6% 1.6 - 2.0% 1.6 - 1.8%

Note 5 - Net Income Per Share (

Note 5 - Net Income Per Share (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Net income (loss) Shares Per Share Amount Year ended December 31, 2014 Basic net income: Net income $ 572,069 92,153,648 $ 0.01 Effect of Dilutive Securities - Options - 2,147,518 0.00 Diluted net income per share $ 572,069 94,301,166 $ 0.01 Year ended December 31, 2015 Basic net income: Net income $ 511,327 92,267,831 $ 0.01 Effect of Dilutive Securities - Options - 1,253,978 0.00 Diluted net income per share $ 511,327 93,521,809 $ 0.01 Year ended December 31, 2016 Basic net income: Net income $ 994,878 92,271,868 $ 0.01 Effect of Dilutive Securities - Options - 1,052,823 0.00 Diluted net income per share $ 994,878 93,324,691 $ 0.01

Note 6 - Income Taxes (Tables)

Note 6 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Years Ended December 31, 2016 2015 2014 Current: Federal $ - $ - $ - State (129 ) 3,294 5,596 Foreign 280,429 190,181 445,696 Total current 280,300 193,475 451,292 Deferred: Federal 491,014 56,835 259,028 State 328,380 4,051 68,214 Foreign (2,369 ) 7,300 (22,168 ) Total deferred 817,025 68,186 305,074 Total $ 1,097,325 $ 261,661 $ 756,366
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years Ended December 31, 2016 2015 2014 Current: Federal statutory rate 34.0 % 34.0 % 34.0 % State taxes, net of federal benefit 10.4 0.6 3.7 Change in effective foreign tax rate 3.1 (4.1 ) (12.5 ) Foreign dividend, net of foreign tax credit - 3.8 21.1 Other permanent differences 3.6 6.2 8.8 Change in valuation allowance 1.4 (14.6 ) (1.9 ) Change in uncertainty in income taxes - - - Other (0.1 ) 8.0 3.7 Total 52.4 % 33.9 % 56.9 %
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Years Ended December 31, 2016 2015 2014 Domestic $ 1,466,325 $ 574,028 $ (151,579 ) Foreign 625,878 198,960 1,480,014 Total $ 2,092,203 $ 772,988 $ 1,328,435
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 2016 2015 Net deferred income taxes: Net operating loss carry-forward $ 4,989,624 $ 5,840,011 Intangible assets, net (1,426,909 ) (1,304,246 ) Property and equipment, net (16,058 ) (62,447 ) Related party interest 127,779 4,486 Credit carryforwards 1,212,818 1,019,565 Stock awards expense 317,041 351,375 Payroll 52,664 240,915 Other 62,303 17,393 Total 5,319,262 6,107,052 Less: Valuation allowance (98,281 ) (69,046 ) Net deferred income taxes $ 5,220,981 $ 6,038,006 Presented as part of: Current deferred income tax assets, net $ - $ - Deferred income tax assets, net $ 5,224,018 $ 6,043,412 Deferred income tax liabilities $ (3,037 ) $ (5,406 )

Note 7 - Commitments and Cont25

Note 7 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Years Ended December 31, Amount 2017 $ 884,540 2018 584,221 2019 443,359 2020 181,889 Total minimum payments $ 2,094,009

Note 8 - Segment Reporting an26

Note 8 - Segment Reporting and Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Years Ended December 31, 2016 Talon Zipper Talon Trim Consolidated Net sales $ 17,582,328 $ 30,677,527 $ 48,259,855 Cost of goods sold 12,728,010 17,903,060 30,631,070 Gross profit $ 4,854,318 $ 12,774,467 17,628,785 Operating expenses 14,917,152 Income from operations $ 2,711,633 Years Ended December 31, 2015 Talon Zipper Talon Trim Consolidated Net sales $ 21,283,641 $ 27,069,058 $ 48,352,699 Cost of goods sold 15,708,581 16,361,020 32,069,601 Gross profit $ 5,575,060 $ 10,708,038 16,283,098 Operating expenses 14,862,626 Income from operations $ 1,420,472 Years Ended December 31, 2014 Talon Zipper Talon Trim Consolidated Net sales $ 24,709,639 $ 24,613,045 $ 49,322,684 Cost of goods sold 17,951,591 15,363,182 33,314,773 Gross profit $ 6,758,048 $ 9,249,863 16,007,911 Operating expenses 14,268,206 Income from operations $ 1,739,705
Revenue from External Customers by Geographic Areas [Table Text Block]	Years Ended December 31, 2016 2015 2014 Sales: United States $ 4,172,104 $ 3,416,139 $ 4,396,352 China 12,440,661 12,649,786 15,564,055 Hong Kong 11,616,502 10,637,605 11,496,969 Bangladesh 3,534,179 3,103,010 2,522,576 Vietnam 3,633,967 3,920,185 2,377,472 India 2,880,394 3,290,555 2,086,261 Other 9,982,048 11,335,419 10,878,999 Total $ 48,259,855 $ 48,352,699 $ 49,322,684
Long-lived Assets by Geographic Areas [Table Text Block]	Years Ended December 31, 2016 2015 Long-lived Assets: United States $ 4,915,383 $ 4,793,042 China 164,081 213,887 Hong Kong 66,347 88,912 India 4,993 - Total $ 5,150,804 $ 5,095,841

Note 10 Quarterly Results (Un27

Note 10 Quarterly Results (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Quarterly Financial Information [Table Text Block]	Year Ended December 31, 2016 1st 2nd 3rd 4th Net sales $ 11,264,632 $ 14,454,889 $ 10,856,283 $ 11,684,051 Gross profit $ 4,164,259 $ 5,451,546 $ 3,801,107 $ 4,211,873 Income from operations $ 235,415 $ 1,803,018 $ 228,642 $ 444,558 Net income (loss $ 49,117 $ 957,698 $ 20,695 $ (32,632 ) Net income (loss) per share $ - $ 0.01 $ - $ - Basic and diluted net income (loss) per share applicable to Common Stockholders $ - $ 0.01 $ - $ (0.00 ) Total comprehensive income (loss) $ 48,619 $ 945,945 $ 18,419 $ (47,102 ) Year Ended December 31, 2015 1st 2nd 3rd 4th Net sales $ 10,808,422 $ 15,787,278 $ 9,992,091 $ 11,764,908 Gross profit $ 3,563,907 $ 5,032,959 $ 3,373,541 $ 4,312,691 Income (loss) from operations $ (145,819 ) $ 772,841 $ 163,231 $ 630,219 Net income (loss) $ (159,223 ) $ 448,507 $ (90,353 ) $ 312,396 Net income (loss) per share $ - $ - $ - $ - Basic and diluted net income (loss) per share applicable to Common Stockholders $ - $ - $ - $ - Total comprehensive income (loss) $ (158,944 ) $ 448,818 $ (100,573 ) $ 308,240

Schedule II - Valuation and Q28

Schedule II - Valuation and Qualifying Accounts and Reserves (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Summary of Valuation Allowance [Table Text Block]	Description Balance at Beginning of Year Additions (Adjustments) Deductions Balance at End of Year 2016 Allowance for doubtful accounts deducted from accounts receivable in the balance sheet $ 67,000 $ 13,000 $ 40,000 $ 40,000 Reserve for inventory valuation deducted from inventories on the balance sheet 69,000 8,000 13,000 64,000 Valuation reserve deducted from deferred income tax assets 69,000 39,000 10,000 98,000 $ 205,000 $ 60,000 $ 63,000 $ 202,000 2015 Allowance for doubtful accounts deducted from accounts receivable in the balance sheet $ 51,000 $ 19,000 $ 3,000 $ 67,000 Reserve for inventory valuation deducted from inventories on the balance sheet 199,000 20,000 150,000 69,000 Valuation reserve deducted from deferred income tax assets 240,000 (171,000 ) - 69,000 $ 490,000 $ (132,000 ) $ 153,000 $ 205,000 2014 Allowance for doubtful accounts deducted from accounts receivable in the balance sheet $ 42,000 $ 23,000 $ 14,000 $ 51,000 Reserve for inventory valuation deducted from inventories on the balance sheet 230,000 (17,000 ) 14,000 199,000 Valuation reserve deducted from deferred income tax assets 278,000 (38,000 ) - 240,000 $ 550,000 $ (32,000 ) $ 28,000 $ 490,000

Note 1 - Summary of Significa29

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash, Uninsured Amount	$ 4,600,000	$ 4,600,000	$ 2,900,000
Allowance for Doubtful Accounts Receivable, Current	40,299	40,299	67,217
Depreciation		287,924	244,292	$ 252,507
Payments to Acquire Intangible Assets			26,948	46,057
Finite-Lived Intangible Assets, Gross	217,459	217,459	251,727
Amortization of Intangible Assets		13,084	13,084	13,084
Interest Expense		621,768	516,199	415,133
Interest Income, Other		2,338	2,764	$ 3,863
Goodwill and Intangible Asset Impairment		0	0
Money Market Funds [Member]
Cash and Cash Equivalents, Fair Value Disclosure	1,125,000	1,125,000	860,000
Reclassification From Current Deferred Tax Assets to Noncurrent Deferred Tax Assets [Member]
Current Period Reclassification Adjustment	997,000
Reclassification From Current Deferred Tax Assets to Noncurrent Deferred Tax Assets [Member] | December 31, 2015 [Member]
Prior Period Reclassification Adjustment	746,000
Intellectual Property [Member]
Payments to Acquire Intangible Assets		0
Finite-Lived Intangible Assets, Gross	$ 38,738	$ 38,738	$ 73,005

Note 1 - Summary of Significa30

Note 1 - Summary of Significant Accounting Policies - Inventories (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Finished goods	$ 563,989	$ 724,372
Less: Inventory valuation reserves	(63,507)	(69,012)
Inventories, net	$ 500,482	$ 655,360

Note 1 - Summary of Significa31

Note 1 - Summary of Significant Accounting Policies - Property and Equipment (Details) - USD ($)		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Property, Plant, and Equipment, Gross		$ 6,129,572	$ 6,065,734
Less: Accumulated depreciation and amortization		(5,245,364)	(5,283,841)
Property and equipment, net		884,208	781,893
Computer Equipment [Member]
Property, Plant, and Equipment, Gross		$ 3,875,051	4,126,720
Computer Equipment [Member] | Minimum [Member]
Property, Plant, and Equipment, Gross (Year)	[1]	3 years
Computer Equipment [Member] | Maximum [Member]
Property, Plant, and Equipment, Gross (Year)	[1]	5 years
Machinery and Equipment [Member]
Property, Plant, and Equipment, Gross		$ 1,262,490	971,502
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant, and Equipment, Gross (Year)	[1]	5 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant, and Equipment, Gross (Year)	[1]	10 years
Leasehold Improvements [Member]
Property, Plant, and Equipment, Gross	[2]	$ 638,613	620,007
Furniture and Fixtures [Member]
Property, Plant, and Equipment, Gross		$ 353,418	$ 347,505
Property, Plant, and Equipment, Gross (Year)	[1]	5 years
[1]	Depreciation of property and equipment is computed using the straight-line method based on estimated useful lives as shown above.
[2]	Depreciable life for leasehold improvements represents the term of the lease or the estimated life of the related improvements, whichever is shorter.

Note 1 - Summary of Significa32

Note 1 - Summary of Significant Accounting Policies - Intangible Assets (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Tradename - Talon trademark	$ 4,110,751	$ 4,110,751
Intellectual property rights and exclusive license	217,459	251,727
Less: Accumulated amortization (10 to 17 years)	(61,614)	(48,530)
Intellectual property rights, net	155,845	203,197
Intangible assets, net	$ 4,266,596	$ 4,313,948

Note 1 - Summary of Significa33

Note 1 - Summary of Significant Accounting Policies - Intangible Assets (Details) (Parentheticals)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Minimum [Member]
Finite Lived Intangible Assets, Useful Life (Year)	10 years	10 years
Maximum [Member]
Finite Lived Intangible Assets, Useful Life (Year)	17 years	17 years

Note 1 - Summary of Significa34

Note 1 - Summary of Significant Accounting Policies - Accrued Expenses (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Accrued payroll and related expenses	$ 1,532,734	$ 1,731,121
Accrued commissions	557,369	645,503
Accrued rebates	316,287	339,780
Taxes payable	184,232	108,854
Accrued expenses	268,330	243,954
Other	113,737	59,092
Total accrued expenses	$ 2,972,689	$ 3,128,304

Note 2 - Credit Facilities, L35

Note 2 - Credit Facilities, Long Term Obligations and Related Party Transactions (Details Textual)		Dec. 23, 2015USD ($)	Aug. 12, 2015USD ($)	Aug. 11, 2015USD ($)	Aug. 10, 2015USD ($)$ / sharesshares	Aug. 04, 2015USD ($)	Mar. 03, 2015USD ($)	Mar. 01, 2015	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 21, 2015USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)	Dec. 31, 2016USD ($)$ / sharesshares	Nov. 30, 2016USD ($)	Aug. 31, 2015USD ($)	Sep. 30, 2014USD ($)
Payments of Financing Costs																	$ 147,669	$ 10,000
Debt Instrument, Periodic Payment																6,309,149
Debt Instrument, Periodic Payment, Principal	[1]															$ 4,455,643
Capital Lease Obligation Interest Rate																8.00%			8.00%
Capital Leased Assets, Gross																$ 94,739	94,739		$ 94,739
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation																31,580	12,632		31,580
Revolving Credit Facility [Member] | Union Bank [Member]
Proceeds from Lines of Credit																	700,000
Princess Investment Holdings Inc [Member] | Line of Credit [Member]
Long-term Line of Credit																4,455,643	4,011,346		$ 4,455,643
Proceeds from Lines of Credit																	$ 4,000,000
Debt Instrument, Interest Rate, Stated Percentage																11.50%	11.50%		11.50%
Debt Instrument, Face Amount																$ 6,000,000	$ 4,000,000		$ 6,000,000
CVC [Member]
Repayments of Notes Payable										$ 5,800,000
Employee Severance Payment [Member] | Former CEO And Board Member [Member]
Officers' Compensation												$ 715,000
Term Loan Payable [Member]
Repayments of Notes Payable																	$ 2,833,334	2,166,666
Princess Investment Warrant [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares																250,000	3,000,000		250,000
ClassOfWarrantOrRightWarrantTerm					5 years												5 years
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares																$ 0.14	$ 0.18		$ 0.14
Princess Investment Holdings Inc [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares																2,000,000			2,000,000
ClassOfWarrantOrRightWarrantTerm																5 years
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares																$ 0.18			$ 0.18
Proceeds from Related Party Debt		$ 2,000,000
Warrants and Rights Outstanding					$ 130,000									$ 320,000
Princess Investment Holdings Inc [Member]
Subordinated Debt Maximum Indebtedness																$ 6,000,000			$ 6,000,000
Debt Instrument, Interest Rate During Period					12.50%														11.50%
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares					1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares					$ 0.18
Proceeds from Related Party Debt				$ 1,500,000
Long-term Debt, Gross														2,000,000
Financial Covenant Loss after Taxes Maximum																1,000,000			$ 1,000,000
Long Term Debt Maturities Monthly Repayments of Principal in Year Two																25,000			25,000
Long Term Debt Maturities Monthly Repayments of Principal in Year Three																35,000			35,000
Long Term Debt Maturities Monthly Repayments of Principal in Year Four																50,000			50,000
Line of Credit Facility, Remaining Borrowing Capacity																1,544,357			1,544,357
Long Term Debt Maturities, Monthly Repayments of Principal in Next Twelve Months																0			$ 0
Princess Investment Holdings Inc [Member] | Compounded Interest in Loan Balance [Member]
Interest Payable																				$ 455,643
Princess Investment Holdings Inc [Member] | Permission From Union Bank Lender To Borrow From Princess Investment Holdings [Member]
Subordinated Debt Maximum Indebtedness					$ 3,000,000
Princess Investment Holdings Inc [Member] | Additional Advance [Member]
Proceeds from Related Party Debt														$ 500,000
Princess Investment Holdings Inc [Member] | Paid Upon Maturity [Member] | Loan Fee [Member]
Payments of Financing Costs																60,000
Union Bank [Member]
Proceeds from Lines of Credit																	$ 700,000	$ 1,000,000
Debt Instrument Covenant Minimum Fixed Charge, Coverage Ratio									1.25			1	0.7					1.25				1.25
Debt Instrument Covenant Minimum, EBITDA									$ 2,750,000				$ 1,750,000					$ 2,750,000				$ 2,750,000
Repayments of Lines of Credit																	$ 2,200,000	500,000
Union Bank [Member] | Revolving Credit Facility [Member]
Debt Instrument, Term										2 years
Line of Credit Facility, Maximum Borrowing Capacity										$ 3,500,000
Proceeds from Lines of Credit										$ 1,000,000
Debt Instrument, Basis Spread on Variable Rate										2.50%
Union Bank [Member] | Waiver Fees [Member]
Payments of Financing Costs						$ 25,000												$ 10,000
Union Bank [Member] | Legal fees [Member]
Payments of Financing Costs													$ 6,915
Union Bank [Member] | Term Loan Payable [Member]
Repayments of Notes Payable			$ 1,440,278						$ 500,000
Payments of Financing Costs										$ 250,000
Debt Instrument, Term										3 years
Debt Instrument, Basis Spread on Variable Rate										2.75%
Debt Instrument, Face Amount										$ 5,000,000
Debt Instrument, Periodic Payment, Principal										138,889
Notes Payable to Bank																					$ 1,440,278
Union Bank [Member] | Term Loan Payable [Member] | Amended Principal Repayments [Member]
Repayments of Notes Payable											$ 200,000	$ 400,000			$ 600,000
Union Bank [Member] | Term Loan Payable [Member] | Revolving Credit Facility [Member]
Debt Instrument, Interest Rate, Increase (Decrease)								1.00%
Union Bank [Member] | Term Loan Payable [Member] | Revolving Credit Facility [Member] | Prime Rate [Member]
Debt Instrument, Interest Rate, Stated Percentage									3.25%									3.25%
Union Bank [Member] | Term Loan Payable [Member] | Loan Modification Fee [Member]
Payments of Financing Costs							$ 50,000
Union Bank [Member] | Term Loan Payable [Member] | Legal fees [Member]
Payments of Financing Costs					$ 18,000
Union Bank [Member] | CVC [Member]
Payments of Financing Costs										$ 827,490
Union Bank [Member] | Princess Investment Holdings Inc [Member]
Debt Instrument, Periodic Payment		$ 1,622,000
[1]	Includes $455,643 compounded interest from December 21, 2015 through November 30, 2016.

Note 2 - Credit Facilities, L36

Note 2 - Credit Facilities, Long Term Obligations and Related Party Transactions - Revolving Line of Credit (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Revolving line of credit, net of debt discounts and deferred financing costs	$ 4,041,345	$ 3,492,772
Line of Credit [Member] | Princess Investment Holdings Inc [Member]
$6,000,000 revolving line of credit from related party and accrued interest payable per terms under Princess Investment Credit Agreement through maturity date of December 21, 2020; interest at a rate per annum of 11.5% as of December 31, 2016	4,455,643	4,011,346
Less: Debt discounts net of related amortization	(342,028)	(428,114)
Less: Deferred financing costs net of related amortization	(72,270)	(90,460)
Revolving line of credit, net of debt discounts and deferred financing costs	4,041,345	3,492,772
Less: Current portion

Note 2 - Credit Facilities, L37

Note 2 - Credit Facilities, Long Term Obligations and Related Party Transactions - Revolving Line of Credit (Details) (Parentheticals) - Line of Credit [Member] - Princess Investment Holdings Inc [Member] - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Revolving Term Loan, Face Amount	$ 6,000,000	$ 4,000,000
Revolving Term Loan, Interest Rate	11.50%	11.50%

Note 2 - Credit Facilities, L38

Note 2 - Credit Facilities, Long Term Obligations and Related Party Transactions - Future Minimum Annual Payments Under the Revolving Line of Credit (Details)	12 Months Ended
	Dec. 31, 2016USD ($)
Debt Instrument, Periodic Payment	$ 6,309,149
Debt Instrument, Periodic Payment, Principal	4,455,643	[1]
2,017	1,853,506
Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Periodic Payment	512,399
Debt Instrument, Periodic Payment, Principal		[1]
2,017	512,399
Debt Instrument, Redemption, Period Two [Member]
Debt Instrument, Periodic Payment	796,512
Debt Instrument, Periodic Payment, Principal	300,000	[1]
2,017	496,512
Debt Instrument, Redemption, Period Three [Member]
Debt Instrument, Periodic Payment	875,646
Debt Instrument, Periodic Payment, Principal	420,000	[1]
2,017	455,646
Debt Instrument, Redemption, Period Four [Member]
Debt Instrument, Periodic Payment	4,124,592
Debt Instrument, Periodic Payment, Principal	3,735,643	[1]
2,017	$ 388,949
[1]	Includes $455,643 compounded interest from December 21, 2015 through November 30, 2016.

Note 2 - Credit Facilities, L39

Note 2 - Credit Facilities, Long Term Obligations and Related Party Transactions - Interest Expense Included in Consolidated Statements of Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	[1]	Dec. 31, 2014	[1]
Amortization of deferred financing costs	$ 18,190	$ 152,589		$ 90,572
Amortization of debt discounts	86,086	21,885
Total Credit Facilities related interest expense	592,092	483,544		409,376
Interest expense, net	619,430	513,435		411,270
Miscellaneous [Member]
Interest expense, net	27,338	29,891		1,894
Term Loan Payable [Member]
Debt Interest Expense	487,816	120,883		61,733
Revolving Credit Facility [Member]
Debt Interest Expense		93,280		257,071
Princess Investment Holdings Inc [Member]
Debt Interest Expense		$ 94,907
[1]	Interest expense related to a retired Debt Facility.

Note 2 - Credit Facilities, L40

Note 2 - Credit Facilities, Long Term Obligations and Related Party Transactions - Future Minimum Annual Payments of Capital Lease Obligations (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
2,017	$ 27,728
2,018	27,728
2,019	11,554
Total payments	67,010
Less amount representing interest	(6,226)
Balance at December 31, 2016	60,784
Less current portion	(23,749)	$ (21,940)
Long-term portion	$ 37,035	$ 60,784

Note 3 - Stockholders' Equity (

Note 3 - Stockholders' Equity (Details Textual) - $ / shares	Dec. 31, 2016	Dec. 31, 2015	Nov. 08, 2013
Common Stock, Shares Authorized	300,000,000	300,000,000	300,000,000
Preferred Stock, Shares Authorized	3,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001
Preferred Stock, Shares Outstanding	0	0

Note 4 - Stock-based Compensa42

Note 4 - Stock-based Compensation (Details Textual) - USD ($)	Aug. 10, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Nov. 08, 2013	Nov. 19, 2010	Nov. 18, 2010
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			800,000	4,045,000
Proceeds from Stock Options Exercised				$ 29,709
Share-based Compensation Arrangement by Share-based Payment Award, Share-based Compensation, Vested in Period, Fair Value		209,850	651,024	129,896
Allocated Share-based Compensation Expense		286,833	129,052	$ 243,377
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 551,946	$ 363,197
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition		6 years 255 days	5 years 255 days
Princess Investment Warrant [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		250,000	3,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 0.14	$ 0.18
ClassOfWarrantOrRightWarrantTerm	5 years		5 years
Options Issued To Employees And Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		4,525,000	800,000	4,045,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		20,000		463,542
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price		$ 0.06		$ 0.13
Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 0	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		0	0	0
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term		6 years 36 days	6 years 36 days	6 years 36 days
2008 Stock Plan [Member]
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				277,084
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price				$ 0.11
Proceeds from Stock Options Exercised				$ 29,709
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value				$ 0.23
2007 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		2,600,000
The 2007 and 2008 Stock Incentive Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		20,000		186,458
Stock Issued During Period, Shares Stock Options Exercised,Shares Retained In Lieu of Cash		13,576		148,820
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price		$ 0.06		$ 0.18
Share Based Compensation Arrangement, By Share Based Payment Award, Options, Exercise Date, Intrinsic Value Per Share		$ 0.14		$ 0.27
Stock Issued During Period, Shares, Stock Options Exercised,Shares, Retained In Lieu Of Cash, Intrinsic Value		$ 1,900		$ 40,181
The 2007 and 2008 Stock Incentive Plans [Member] | Maximum [Member]
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 4 - Stock-based Compensa43

Note 4 - Stock-based Compensation - Stock-based Compensation - Stock Options (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Granted (in shares)		800,000	4,045,000
Princess Investment Warrant [Member]
Warrants outstanding, weighted average exercise price (in dollars per share)	$ 0.18
Warrants outstanding, weighted average exercise price (in dollars per share)	$ 0.14	$ 0.18
Princess Investment Warrant [Member] | Non-Employee [Member]
Granted (in shares)	250,000	3,000,000
Granted, weighted average exercise price (in dollars per share)	$ 0.14	$ 0.18
Exercised (in shares)
Exercised, weighted average exercise price (in dollars per share)
Cancelled (in shares)
Cancelled, weighted average exercise price (in dollars per share)
Warrants outstanding (in shares)	3,000,000
Warrants outstanding, weighted average exercise price (in dollars per share)	$ 0.18
Warrants outstanding (in shares)	3,250,000	3,000,000
Warrants outstanding, weighted average exercise price (in dollars per share)	$ 0.18	$ 0.18
Options Issued To Employees And Directors [Member]
Options outstanding (in shares)	8,435,267	9,747,767	6,221,725
Options outstanding, weighted average exercise price (in dollars per share)	$ 0.18	$ 0.20	$ 0.19
Granted (in shares)	4,525,000	800,000	4,045,000
Granted, weighted average exercise price (in dollars per share)	$ 0.14	$ 0.15	$ 0.21
Exercised (in shares)	(20,000)		(463,542)
Exercised, weighted average exercise price (in dollars per share)	$ 0.06		$ 0.13
Cancelled (in shares)	(3,007,000)	(2,112,500)	(55,416)
Cancelled, weighted average exercise price (in dollars per share)	$ 0.19	$ 0.25	$ 0.19
Options outstanding (in shares)	9,933,267	8,435,267	9,747,767
Options outstanding, weighted average exercise price (in dollars per share)	$ 0.16	$ 0.18	$ 0.20

Note 4 - Stock-Based Compensa44

Note 4 - Stock-Based Compensation - Fair Value Assumptions of Options and Warrants (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Minimum [Member]
Expected volatility	246.00%	242.00%	255.00%
Expected term (yrs) (Year)	5 years	5 years	5 years 109 days
Risk-free rate	1.10%	1.60%	1.60%
Maximum [Member]
Expected volatility	262.00%	266.00%	260.00%
Expected term (yrs) (Year)	6 years 36 days	6 years 36 days	6 years 36 days
Risk-free rate	1.60%	2.00%	1.80%

Note 4 - Stock-Based Compensa45

Note 4 - Stock-Based Compensation - Summary of All Stock Option and Warrant Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Princess Investment Warrant [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.14	$ 0.18
Princess Investment Warrant [Member] | Non-Employee [Member]
Number of Shares, outstanding (in shares)	3,250,000	3,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.18	$ 0.18
Weighted Average Remaining Contractual Life, outstanding (Year)	3 years 328 days	4 years 328 days
Intrinsic Value, outstanding
Number of Shares, vested and expected to vest (in shares)	3,250,000	3,000,000
Weighted Average Exercise Price, vested and expected to vest (in dollars per share)	$ 0.18	$ 0.18
Weighted Average Remaining Contractual Life, vested and expected to vest (Year)	3 years 328 days	4 years 328 days
Intrinsic Value, vested and expected to vest
Number of Shares, exercisable (in shares)	3,250,000	3,000,000
Weighted Average Exercise Price, exercisable (in dollars per share)	$ 0.18	$ 0.18
Weighted Average Remaining Contractual Life, exercisable (Year)	3 years 328 days	4 years 328 days
Intrinsic Value, exercisable
Options Issued To Employees And Directors [Member]
Number of Shares, outstanding (in shares)	9,933,267	8,435,267	9,747,767	6,221,725
Weighted Average Exercise Price, outstanding (in dollars per share)	$ 0.16	$ 0.18	$ 0.20	$ 0.19
Weighted Average Remaining Contractual Life, outstanding (Year)	6 years 255 days	5 years 255 days
Intrinsic Value, outstanding	$ 0.01	$ 0.03
Number of Shares, vested and expected to vest (in shares)	9,836,988	8,381,079
Weighted Average Exercise Price, vested and expected to vest (in dollars per share)	$ 0.16	$ 0.18
Weighted Average Remaining Contractual Life, vested and expected to vest (Year)	6 years 255 days	5 years 219 days
Intrinsic Value, vested and expected to vest	$ 0.01	$ 0.04
Number of Shares, exercisable (in shares)	5,316,181	6,322,764
Weighted Average Exercise Price, exercisable (in dollars per share)	$ 0.17	$ 0.18
Weighted Average Remaining Contractual Life, exercisable (Year)	4 years 292 days	4 years 219 days
Intrinsic Value, exercisable	$ 0.02	$ 0.04

Note 5 - Net Income Per Share46

Note 5 - Net Income Per Share (Details Textual) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,250,000	3,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 0.18
Warrant [Member] | Minimum [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.14
Warrant [Member] | Maximum [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.18
Employee And Board Member Stock Options [Member]
Incremental Common Shares Attributable to Dilutive Effect of Equity Unit Purchase Agreements	2,021,667	2,691,667	5,066,667
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	$ 0.11	$ 0.11	$ 0.20
Employee And Board Member Stock Options [Member] | Stock Compensation Plan [Member]
Incremental Common Shares Attributable to Dilutive Effect of Equity Unit Purchase Agreements	7,911,600	5,743,600	4,681,100
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	$ 0.10	$ 0.15	$ 0.21
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	$ 1.33	$ 1.33	$ 5.23

Note 5 - Net Income Per Share -

Note 5 - Net Income Per Share - Reconciliation of the Numerators and Denominators of the Basic and Diluted Net Income Per Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net income	$ 994,878	$ 511,327	$ 572,069
Weighted average number of common shares outstanding - Basic (in shares)	92,271,868	92,267,831	92,153,648
Per share amount basic (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Options (in shares)	1,052,823	1,253,978	2,147,518
Diluted net income per share	$ 994,878	$ 511,327	$ 572,069
Diluted net income per share (in shares)	93,324,691	93,521,809	94,301,166
Diluted net income per share (in dollars per share)	$ 0.01	$ 0.01	$ 0.01

Note 6 - Income Taxes (Details

Note 6 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Undistributed Earnings of Foreign Subsidiaries		$ 150,000
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	$ 0	0	$ 0
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities	0	0	0
Subsidiaries [Member] | Hong Kong [Member]
Distributed Earnings			$ 1,400,000
Domestic Tax Authority [Member]
Operating Loss Carryforwards	12,600,000	14,300,000
State and Local Jurisdiction [Member]
Operating Loss Carryforwards	$ 15,000,000	$ 18,400,000

Note 6 - Income Taxes - Compone

Note 6 - Income Taxes - Components of Provision for Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
Federal
State	(129)	3,294	5,596
Foreign	280,429	190,181	445,696
Total current	280,300	193,475	451,292
Deferred:
Federal	491,014	56,835	259,028
State	328,380	4,051	68,214
Foreign	(2,369)	7,300	(22,168)
Total deferred	817,025	68,186	305,074
Total	$ 1,097,325	$ 261,661	$ 756,366

Note 6 - Income Taxes - Effecti

Note 6 - Income Taxes - Effective Income Tax Reconciliation (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Federal statutory rate	34.00%	34.00%	34.00%
State taxes, net of federal benefit	10.40%	0.60%	3.70%
Change in effective foreign tax rate	3.10%	(4.10%)	(12.50%)
Foreign dividend, net of foreign tax credit		3.80%	21.10%
Other permanent differences	3.60%	6.20%	8.80%
Change in valuation allowance	1.40%	(14.60%)	(1.90%)
Change in uncertainty in income taxes
Other	(0.10%)	8.00%	3.70%
Total	52.40%	33.90%	56.90%

Note 6 - Income Taxes - Net Inc

Note 6 - Income Taxes - Net Income (Loss) before Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Domestic	$ 1,466,325	$ 574,028	$ (151,579)
Foreign	625,878	198,960	1,480,014
Total	$ 2,092,203	$ 772,988	$ 1,328,435

Note 6 - Income Taxes - Compo52

Note 6 - Income Taxes - Components of Deferred Taxes (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Net deferred income taxes:
Net operating loss carry-forward	$ 4,989,624	$ 5,840,011
Intangible assets, net	(1,426,909)	(1,304,246)
Property and equipment, net	(16,058)	(62,447)
Related party interest	127,779	4,486
Credit carryforwards	1,212,818	1,019,565
Stock awards expense	317,041	351,375
Payroll	52,664	240,915
Other	62,303	17,393
Total	5,319,262	6,107,052
Less: Valuation allowance	(98,281)	(69,046)
Net deferred income taxes	5,220,981	6,038,006
Current deferred income tax assets, net
Deferred income tax assets, net	5,224,018	6,043,412
Deferred income tax liabilities	$ (3,037)	$ (5,406)

Note 7 - Commitments and Cont53

Note 7 - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Leases, Rent Expense, Net	$ 949,897	$ 878,518	$ 793,385
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50.00%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount	$ 2,000
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 50,430	$ 60,055	$ 43,846

Note 7 - Commitments and Cont54

Note 7 - Commitments and Contingencies - Future Minimum Operating Lease Commitments (Details)	Dec. 31, 2016USD ($)
2,017	$ 884,540
2,018	584,221
2,019	443,359
2,020	181,889
Total minimum payments	$ 2,094,009

Note 8 - Segment Reporting an55

Note 8 - Segment Reporting and Geographic Information (Details Textual)	12 Months Ended
	Dec. 31, 2016
Number of Reportable Segments	2

Note 8 - Segment Reporting an56

Note 8 - Segment Reporting and Geographic Information - Net Revenues and Operating Margins (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net sales	$ 11,684,051	$ 10,856,283	$ 14,454,889	$ 11,264,632	$ 11,764,908	$ 9,992,091	$ 15,787,278	$ 10,808,422	$ 48,259,855	$ 48,352,699	$ 49,322,684
Cost of goods sold									30,631,070	32,069,601	33,314,773
Gross profit	4,211,873	3,801,107	5,451,546	4,164,259	4,312,691	3,373,541	5,032,959	3,563,907	17,628,785	16,283,098	16,007,911
Operating expenses									14,917,152	14,862,626	14,268,206
Income from operations	$ 444,558	$ 228,642	$ 1,803,018	$ 235,415	$ 630,219	$ 163,231	$ 772,841	$ (145,819)	2,711,633	1,420,472	1,739,705
Operating Segments [Member]
Net sales									48,259,855	48,352,699	49,322,684
Cost of goods sold									30,631,070	32,069,601	33,314,773
Gross profit									17,628,785	16,283,098	16,007,911
Operating expenses									14,917,152	14,862,626	14,268,206
Income from operations									2,711,633	1,420,472	1,739,705
Talon Zippers [Member] | Operating Segments [Member]
Net sales									17,582,328	21,283,641	24,709,639
Cost of goods sold									12,728,010	15,708,581	17,951,591
Gross profit									4,854,318	5,575,060	6,758,048
Talon Trim [Member] | Operating Segments [Member]
Net sales									30,677,527	27,069,058	24,613,045
Cost of goods sold									17,903,060	16,361,020	15,363,182
Gross profit									$ 12,774,467	$ 10,708,038	$ 9,249,863

Note 8 - Segment Reporting an57

Note 8 - Segment Reporting and Geographic Information - Revenues by Delivery Locations (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net sales	$ 11,684,051	$ 10,856,283	$ 14,454,889	$ 11,264,632	$ 11,764,908	$ 9,992,091	$ 15,787,278	$ 10,808,422	$ 48,259,855	$ 48,352,699	$ 49,322,684
Geography Eliminations [Member] | UNITED STATES
Net sales									4,172,104	3,416,139	4,396,352
Geography Eliminations [Member] | CHINA
Net sales									12,440,661	12,649,786	15,564,055
Geography Eliminations [Member] | HONG KONG
Net sales									11,616,502	10,637,605	11,496,969
Geography Eliminations [Member] | BANGLADESH
Net sales									3,534,179	3,103,010	2,522,576
Geography Eliminations [Member] | VIET NAM
Net sales									3,633,967	3,920,185	2,377,472
Geography Eliminations [Member] | INDIA
Net sales									2,880,394	3,290,555	2,086,261
Geography Eliminations [Member] | Other Geographical Area [Member]
Net sales									$ 9,982,048	$ 11,335,419	$ 10,878,999

Note 8 - Segment Reporting an58

Note 8 - Segment Reporting and Geographic Information - Long-lived Assets By Location (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Long-lived assets - geographical	$ 5,150,804	$ 5,095,841
Geography Eliminations [Member] | UNITED STATES
Long-lived assets - geographical	4,915,383	4,793,042
Geography Eliminations [Member] | CHINA
Long-lived assets - geographical	164,081	213,887
Geography Eliminations [Member] | HONG KONG
Long-lived assets - geographical	66,347	88,912
Geography Eliminations [Member] | INDIA
Long-lived assets - geographical	$ 4,993

Note 9 - Major Customers and 59

Note 9 - Major Customers and Vendors (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Customer Concentration Risk [Member] | Sales Revenue, Net [Member]
Concentration Risk, Percentage	8.00%	6.00%	5.00%
Supplier Concentration Risk [Member] | Cost of Goods, Total [Member]
Concentration Risk, Percentage	67.00%	74.00%	68.00%
Accounts Payable and Accrued Liabilities	$ 4,006,087	$ 3,733,646

Note 10 - Quarterly Results (Un

Note 10 - Quarterly Results (Unaudited) - Quarterly Financial Information (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net sales	$ 11,684,051	$ 10,856,283	$ 14,454,889	$ 11,264,632	$ 11,764,908	$ 9,992,091	$ 15,787,278	$ 10,808,422	$ 48,259,855	$ 48,352,699	$ 49,322,684
Gross profit	4,211,873	3,801,107	5,451,546	4,164,259	4,312,691	3,373,541	5,032,959	3,563,907	17,628,785	16,283,098	16,007,911
Income from operations	444,558	228,642	1,803,018	235,415	630,219	163,231	772,841	(145,819)	2,711,633	1,420,472	1,739,705
Net income (loss	$ (32,632)	$ 20,695	$ 957,698	$ 49,117	$ 312,396	$ (90,353)	$ 448,507	$ (159,223)	$ 994,878	$ 511,327	$ 572,069
Net income (loss) per share (in dollars per share)			$ 0.01
Basic and diluted net income (loss) per share applicable to Common Stockholders (in dollars per share)	$ 0		$ 0.01						$ 0.01	$ 0.01	$ 0.01
Total comprehensive income (loss)	$ (47,102)	$ 18,419	$ 945,945	$ 48,619	$ 308,240	$ (100,573)	$ 448,818	$ (158,944)	$ 965,881	$ 497,541	$ 573,459

Schedule II - Valuation and Q61

Schedule II - Valuation and Qualifying Accounts and Reserves (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Allowance for Doubtful Accounts Receivable, Write-offs	$ 86,000	$ 189,000	$ 46,000
Maximum [Member]
Allowance for Doubtful Accounts Receivable, Write-offs	$ 1,000	$ 1,000	$ 1,000

Schedule II - Valuation and Q62

Schedule II - Valuation and Qualifying Accounts and Reserves - Schedule II – Valuation and Qualifying Accounts and Reserves (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Balance at Beginning of Year	$ 205,000	$ 490,000	$ 550,000
Additions (Adjustments)	60,000	(132,000)	(32,000)
Deductions	63,000	153,000	28,000
Balance at End of Year	202,000	205,000	490,000
Allowance for Trade Receivables [Member]
Balance at Beginning of Year	67,000	51,000	42,000
Additions (Adjustments)	13,000	19,000	23,000
Deductions	40,000	3,000	14,000
Balance at End of Year	40,000	67,000	51,000
Inventory Valuation Reserve [Member]
Balance at Beginning of Year	69,000	199,000	230,000
Additions (Adjustments)	8,000	20,000	(17,000)
Deductions	13,000	150,000	14,000
Balance at End of Year	64,000	69,000	199,000
Valuation Allowance of Deferred Tax Assets [Member]
Balance at Beginning of Year	69,000	240,000	278,000
Additions (Adjustments)	39,000	(171,000)	(38,000)
Deductions	10,000
Balance at End of Year	$ 98,000	$ 69,000	$ 240,000