Talon International (TALN) 10-Q 14 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 08, 2017
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)		92,338,283
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 4,977,609	$ 4,913,577
Accounts receivable, net	4,076,469	4,315,608
Inventories, net	470,959	500,482
Prepaid expenses and other current assets	569,541	702,906
Total current assets	10,094,578	10,432,573
Property and equipment, net	743,456	884,208
Intangible assets, net	4,256,784	4,266,596
Deferred income tax assets, net	5,006,677	5,224,018
Other assets	435,959	347,638
Total assets	20,537,454	21,155,033
Current liabilities:
Current portion of revolving line of credit from related party, net	114,783
Current portion of capital lease obligations	25,203	23,749
Accounts payable	5,347,001	6,378,896
Accrued expenses	2,651,802	2,972,689
Total current liabilities	8,138,789	9,375,334
Revolving line of credit from related party, net of current portion, discounts and deferred financing costs	4,008,271	4,041,345
Capital lease obligations, net of current portion	17,947	37,035
Deferred income tax liabilities	0	3,037
Other liabilities	207,767	236,088
Total liabilities	12,372,774	13,692,839
Commitments and contingencies (Note 12)
Stockholders’ Equity:
Common Stock, $0.001 par value, 300,000,000 shares authorized; 92,338,283 and 92,274,255 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively	92,338	92,274
Additional paid-in capital	65,202,419	65,040,432
Accumulated deficit	(57,212,531)	(57,743,904)
Accumulated other comprehensive income	82,454	73,392
Total stockholders’ equity	8,164,680	7,462,194
Total liabilities and stockholders’ equity	$ 20,537,454	$ 21,155,033

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
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)	92,338,283	92,274,255
Common stock, shares outstanding (in shares)	92,338,283	92,274,255

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net sales	$ 9,788,577	$ 10,856,283	$ 33,791,858	$ 36,575,804
Cost of goods sold	6,320,098	7,055,176	21,465,241	23,158,892
Gross profit	3,468,479	3,801,107	12,326,617	13,416,912
Sales and marketing expenses	1,475,507	1,706,173	4,564,931	4,969,179
General and administrative expenses	1,893,938	1,866,292	6,362,205	6,180,658
Total operating expenses	3,369,445	3,572,465	10,927,136	11,149,837
Income from operations	99,034	228,642	1,399,481	2,267,075
Interest expense, net	157,797	157,244	468,465	463,652
Income (loss) before income taxes	(58,763)	71,398	931,016	1,803,423
Provision for income taxes	19,605	50,703	399,643	775,913
Net income (loss)	$ (78,368)	$ 20,695	$ 531,373	$ 1,027,510
Basic and diluted net income (loss) per share (in dollars per share)	$ 0	$ 0	$ 0.01	$ 0.01
Weighted average number of common shares outstanding - Basic (in shares)	92,338,283	92,274,255	92,305,917	92,271,066
Weighted average number of common shares outstanding - Diluted (in shares)	92,338,283	93,220,191	92,661,225	93,405,895
Net income	$ (78,368)	$ 20,695	$ 531,373	$ 1,027,510
Other comprehensive income (loss) from foreign currency translation	3,344	(2,276)	9,062	(13,750)
Total comprehensive income (loss)	$ (75,024)	$ 18,419	$ 540,435	$ 1,013,760

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net income	$ 531,373	$ 1,027,510
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on disposal of property and equipment		(144)
Depreciation and amortization	233,010	224,360
Amortization of deferred financing cost and debt discounts	81,710	78,206
Stock based compensation	162,050	229,368
Deferred income taxes, net	214,305	579,237
Change in provision for bad debt	9,204	(25,282)
Inventory valuation provisions (recoveries), net	(22,081)	(6,846)
Adjustment to intangible asset cost		34,267
Changes in operating assets and liabilities:
Accounts receivable	275,977	(113,562)
Inventories	53,257	60,691
Prepaid expenses and other current assets	139,154	(66,500)
Other assets	(86,066)	(76,074)
Accounts payable and accrued expenses	(1,450,060)	(246,845)
Other liabilities	(31,340)	(10,296)
Net cash provided by operating activities	110,493	1,688,090
Cash flows from investing activities:
Proceeds from sale of equipment		475
Acquisitions of property and equipment	(75,904)	(284,700)
Net cash used in investing activities	(75,904)	(284,225)
Cash flows from financing activities:
Payment of capital leases	(17,634)	(16,291)
Payments related to taxes on the exercise of stock options		(700)
Net cash used in financing activities	(17,634)	(16,991)
Net effect of foreign currency exchange translation on cash	47,077	(48,306)
Net increase in cash and cash equivalents	64,032	1,338,568
Cash and cash equivalents at beginning of period	4,913,577	2,852,315
Cash and cash equivalents at end of period	4,977,609	4,190,883
Cash received (paid) during the period for:
Interest paid	(388,434)	(27,284)
Interest received	1,678	1,720
Income tax paid, net (principally foreign)	(80,350)	(76,160)
Non-cash financing activities:
Interest accrued on revolving line of credit from related party		359,882
Non-cash exercise of stock options	$ 64	$ 6

Note 1 - Presentation of Interi

Note 1 - Presentation of Interim Information	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 . Presentation of Interim Information The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and in accordance with the instructions to Form 10 8 X. not 10 December 31, 2016. not 2017.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note 2. Summary of Significant Accounting Policies A complete description of the Company ’s Significant Accounting Policies is included in the Company’s Annual Report on Form 10 December 31, 2016, 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 three nine September 30, 2017 21,078 $8,532, three nine September 30, 2016 $32,047 $12,001, Fair Value Measurements Financial Accounting Standards Board ("FASB") Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures” three Level 1—Observable Level 2—Include Level 3—Unobservable no 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, and revolving line of credit from related party. In accordance with ASC 820, 1 At September 30, 2017 December 31, 2016, $873,000 $1,125,000, Intangible Assets Intangible assets consist of the Talo n not 350, Intangibles - Goodwill and Other 360, Property, Plant and Equipment T he Company applies Accounting Standards Update (“ASU”) 2012 02, Intangibles – Goodwill and Other - Testing Indefinite-lived Intangible Assets for Impairment first not, 50%, not 350 30. December 31, 2016, no for interim triggering events and noted no September 30, 2017. F rom time to time the Company makes investments in product and technical opportunities that are complimentary to or enhancements to its apparel accessories business. During the three nine September 30, 2017 2016, no September 30, 2017 December 31, 2016 $38,738 not Intangible assets as of September 30, 2017 December 31, 2016 September 30, December 31, 2017 2016 Tradename - Talon trademark $ 4,110,751 $ 4,110,751 Intellectual property rights 217,459 217,459 Less: Accumulated amortization (10 to 17 years) (71,426 ) (61,614 ) Intellectual property rights, net 146,033 155,845 Intangible assets, net $ 4,256,784 $ 4,266,596 Amortization expense for intangible assets was $3,271 $9,813, three nine September 30, 2017 2016. Classification of Expenses Costs of Goods S old S ales and Marketing Expenses – General and Administrative Expenses – General and administrative expenses primarily include administrative salaries, employee benefits, professional service fees, facility expenses, information technology costs, investor relations, travel and entertainment, depreciation and amortization, bad debts and other general corporate expenses. Interest Expense, net – Interest expense reflects the cost of borrowings, amortization of deferred financing costs and amortization of debt discounts. Interest expense for the three nine September 30, 2017 $158,510 $470,143, three nine September 30, 2016 $158,050 $465,372, three September 30, 2017 2016 $1,000. nine September 30, 2017 2016 $1,678 $1,720, 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. Included in accumulated other comprehensive income was a cumulative foreign currency translation gain of $82,454 $73,392 September 30, 2017 December 31, 2016, Comprehensive Income (Loss) Comprehensive income (loss) consists of net income (loss) and unrealized income (loss) on foreign currency translation adjustments. The foreign currency translation adjustment represents the net currency translation gains and losses related to our Hong Kong, China and India subsidiaries, which have not The Company reports comprehensive income (loss) in accordance with Topic 220 Comprehensive Income ” 2011 05 Presentation of Comprehensive Income Use of Estimates The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. The accounting estimates that require the Company’s most significant, difficult and subjective judgments include the valuation allowance for accounts receivable and inventory, the assessment of recoverability of long-lived assets and intangible assets, stock-based compensation and the recognition and measurement of current and deferred income taxes (including the measurement of uncertain tax positions). Actual results could differ materially from the Company’s estimates. Presentation In order to facilitate the comparison of financial information, certain amounts reported in the prior year have been reclassified to conform to the current year presentation.

Note 3 - New Accounting Pronoun

Note 3 - New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 3. New Accounting Pronouncements In May 2017, 2017 09, 718 2017 09 2017 09, not 2017 09 December 15, 2017. not In January 2017, FASB issued ASU No. 2017 03, “Accounting Changes and Error Corrections (Topic 250 323 2016 74. January 2017. 2017 03 first 2017. 2017 03 not In December 2016, No. 2016 20, Technical Corrections and Improvements 606 Revenue from Contracts with Customers 606, “ Revenue from Contracts with Customers ” not twelve 606. In December 2016, No. 2016 19, Technical Corrections and Improvements” not not December 15, 2016. may In October 2016, No. 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. not In August 2016, ASU No. 2016 15, Statement of Cash Flows 230 Classification of Certain Cash Receipts and Cash Payments December 15, 2017, In June 2016, ASU No. 2016 13, Financial Instruments – Credit Losses 326 December 15, 2019, December 15, 2018. not In March 2016, ASU No. 2016 09, Compensation-Stock Compensation (Topic 718 ” December 15, 2016, first 2017. In February 2016, No. 2016 02 842 December 15, 2018 management expects to report higher assets and liabilities as a result of including additional lease information on the consolidated balance sheet. In July 2015, ASU 2015 11, Simplifying the Measurement of Inventory ” December 15, 2016, first 2017. 2015 11 not In May 2014, 2014 09, ”, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The new revenue recognition standard provides a five 2014 09 No. 2015 14, 606 December 15, 2017. December 15, 2016, first 2018 not not Other pronouncements issued by the FASB or other authoritative accounting standards groups with future effective dates are either not not the Company’s financial position, results of operations or cash flows.

Note 4 - Net Income (Loss) Per

Note 4 - Net Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	N ote 4. Net Income (Loss) Per Shar e The following is a reconciliation of the numerators and denominators of the basic and diluted net income (loss) per share computations: Net income (loss) Shares Per Share Amount Three Months Ended September 30, 2017: Basic net loss: Net loss $ (78,368 ) 92,338,283 $ 0.00 Effect of Dilutive Securities - Options - - 0.00 Diluted net loss per share $ (78,368 ) 92,338,283 $ 0.00 Three Months Ended September 30, 2016: Basic net income: Net income $ 20,695 92,274,255 $ 0.00 Effect of Dilutive Securities - Options - 945,936 0.00 Diluted net income per share $ 20,695 93,220,191 $ 0.00 Net income Shares Per Share Amount Nine Months Ended September 30, 2017: Basic net income: Net income $ 531,373 92,305,917 $ 0.01 Effect of Dilutive Securities - Options - 355,308 0.00 Diluted net income per share $ 531,373 92,661,225 $ 0.01 Nine Months Ended September 30, 2016: Basic net income: Net income $ 1,027,510 92,271,066 $ 0.01 Effect of Dilutive Securities - Options - 1,134,829 0.00 Diluted net income per share $ 1,027,510 93,405,895 $ 0.01 For the three September 30, 2017, 9,476,667 $0.04 $0.69 3,250,000 $0.14 $0.18 not For the nine September 30, 2017, 1,023,125 $0.04 $0.09 8,453,542 $0.10 $1.33 3,250,000 $0.14 $0.18 not For the three September 30, 2016, 2,541,667 $0.04 $0.10 9,057,600 $0.10 $1.33 3,250,000 $0.14 $0.18 not For the nine September 30, 2016, 2,721,667 $0.04 $0.11 8,877,600 $0.10 $1.33 3,250,000 $0.14 $0.18 not

Note 5 - Accounts Receivable

Note 5 - Accounts Receivable	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	N ote 5. Accounts receivable are included on the consolidated balance sheet s, net of the allowance for doubtful accounts. The allowance for doubtful accounts at September 30, 2017 December 31, 2016 $49,503 $40,299,

Note 6 - Inventories

Note 6 - Inventories	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 6. Inventories are stated at the lower of cost, determined using the first first may Inventories consist of the following: September 30, December 31, 2017 2016 Finished goods $ 512,385 $ 563,989 Less: Reserves (41,426 ) (63,507 ) Total inventories, net $ 470,959 $ 500,482

Note 7 - Accrued Expenses

Note 7 - Accrued Expenses	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Accrued Liabilities, Disclosure [Text Block]	Note 7. Accrued Expenses Accrued expenses are included on the consolidated balance sheets. Accrued expenses consist of the following: September 30, December 31, 2017 2016 Accrued payroll and related expenses $ 1,324,846 $ 1,532,734 Accrued commissions 310,954 557,369 Accrued rebates 197,816 316,287 Taxes payable 272,399 184,232 Accrued expenses 431,982 268,330 Other 113,805 113,737 Total accrued expenses $ 2,651,802 $ 2,972,689

Note 8 - Credit Facilities, Lon

Note 8 - Credit Facilities, Long-term Obligations and Related Party Transactions	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 8. Revolving Line of Credit from Related Party On August 10, 2015, Princess Investment may Directors. Pursuant to the Loan Agreement, Princess Investment agreed to make available to the Company a loan of up to $3,000,000 1,000,000 five $0.18 On December 21, 2015, Princess Investment Credit Agreement”) with Princess Investment, which amended the existing Loan Agreement, dated August 10, 2015, $3,000,000 $6,000,000 December 21, 2020 ( not $1,000,000 two not three not twelve three nine September 30, 2017, 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 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 million $130,000 August 10, 2015 two million $320,000 December 21, 2015 At September 30, 2017 December 31, 2016, $4,455,643 September 30, 2017 December 31, 2016, $1,544,357 . September 30, December 31, 2017 2016 $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% $ 4,455,643 $ 4,455,643 Less: Debt discounts net of related amortization (273,962 ) (342,028 ) Less: Deferred financing costs net of related amortization (58,627 ) (72,270 ) Revolving line of credit, net of debt discounts and deferred financing costs 4,123,054 4,041,345 Less: Current portion (225,000 ) - Revolving line of credit, net of debt discounts, deferred financing costs and current portion $ 3,898,054 $ 4,041,345 Interest expense, net, included on the Company ’s Consolidated Statements of Operations and Comprehensive Income (Loss) is comprised as follows: Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Revolving line of credit from related party $ 129,153 $ 124,296 $ 383,247 $ 359,882 Amortization of deferred financing costs 4,548 4,547 13,643 13,642 Amortization of debt discounts 23,292 21,521 68,067 64,564 Total credit facilities related interest expense 156,993 150,364 464,957 438,088 Other interest expense, net 804 6,880 3,508 25,564 Interest expense, net $ 157,797 $ 157,244 $ 468,465 $ 463,652 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. Capital lease obligations at September 30, 2017 December 31, 2016 $43,150 $60,784,

Note 9 - Stockholders' Equity

Note 9 - Stockholders' Equity	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	Note 9. Authorized Common Stock and Preferred S tock The Company’s Certificate of Incorporation presently authorizes 300,000,000 $0.001 T he Company’s Certificate of Incorporation presently authorizes the issuance of 3,000,000 $0.001 No September 30, 2017 December 31, 2016.

Note 10 - Stock-based Compensat

Note 10 - Stock-based Compensation	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 10 . Stock - Based Compensation The Company accounts for stock-based awards to employees and directors in accordance with FASB ASC 718, Compensation - Stock Compensation 505 50, Equity-Based Payments to Non-Employees Stock Options and Warrants No three September 30, 2017. During the nine September 30, 2017, 5,000 three nine September 30, 2016, 200,000 4,525,000 Stock-based compensation expense for the three nine September 30, 2017 $55,332 $162,050, three nine September 30, 2016 $53,854 $229,368, As of September 30, 2017, $365,353 1.98 September 30, 2016, $608,614, 2.88 During the nine September 30, 2017, 64,028 2008 35,972 $0.05. $0.14 $5,000. During the nine September 30, 2016, 6,424 2008 13,576 $0.06 $0.14 $1,900. On February 10, 2016, 250,000 ’s common stock to an outside services company. The warrants are exercisable immediately upon issuance for a five $0.14 4 2 1933, The following table summarizes the activity in the Company’s share-based compensation plans and other share-based grants during the nine September 30, 2017. Number of Shares Weighted Average Exercise Price Employees and Directors Options outstanding - January 1, 2017 9,933,267 $ 0.16 Granted 5,000 $ 0.10 Exercised (100,000 ) $ 0.05 Cancelled (315,000 ) $ 0.15 Expired (46,600 ) $ 1.02 Options outstanding - September 30, 2017 9,476,667 $ 0.16 Non Employees Warrants outstanding - January 1, 2017 3,250,000 $ 0.18 Granted - $ - Exercised - $ - Cancelled - $ - Warrants outstanding - September 30, 2017 3,250,000 $ 0.18

Note 11 - Income Taxes

Note 11 - Income Taxes	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 11. Provision for income taxes for the three nine September 30, 2017 $19,605 $399,643, three nine September 30, 2016 $50,703 $775,913, Current income taxes receivable were associated with domestic prepayments net of income tax payable, and totaled $24,448 $23,123 September 30, 2017 December 31, 2016, Current income taxes payable were principally associated with foreign withholdings, funds transfers, and income tax payable from the Company’s Asia operations. Current income taxes payable as of September 30, 2017 December 31, 2016 $230,082 $120,187, D eferred income tax assets, net, totaled $5,006,677 $5,224,018 September 30, 2017 December 31, 2016, There were no eferred income tax liabilities as of September 30, 2017 December 31, 2016 $3,037.

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 12. 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 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, and indemnification agreements entered into with the members of the Board of Directors and executive officers, the Company’s officers and directors are indemnified for certain events or occurrences arising as a result of the officer or director serving in such capacity. The term of the indemnification period is for the lifetime of the officer or director. The maximum potential amount of future payments the Company could be required to make under the indemnification provisions of its bylaws and indemnification agreements is unlimited. However, the Company has a director and officer liability insurance policy that reduces its exposure and enables it to recover a portion of any future amounts paid. As a result of its insurance policy coverage, the Company believes the estimated fair value of the indemnification provisions of its bylaws and indemnification agreements is minimal and therefore, the Company has not ● 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 not

Note 13 - Segment Reporting and

Note 13 - Segment Reporting and Geographic Information	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 13. 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. I nformation about the assets for each of the reportable segments is not not not As the Company evolves, adjustments may The net revenues and operating margins for the two Three Months Ended September 30, 2017 Talon Zipper Talon Trim Talon Consolidated Net sales $ 3,191,297 $ 6,597,280 $ 9,788,577 Cost of goods sold 2,373,865 3,946,233 6,320,098 Gross profit $ 817,432 $ 2,651,047 3,468,479 Operating expenses 3,369,445 Income from operations $ 99,034 Three Months Ended September 30, 2016 Talon Zipper Talon Trim Talon Consolidated Net sales $ 3,587,603 $ 7,268,680 $ 10,856,283 Cost of goods sold 2,670,225 4,384,951 7,055,176 Gross profit $ 917,378 $ 2,883,729 3,801,107 Operating expenses 3,572,465 Income from operations $ 228,642 TALON INTERNATIONAL , INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Nine Months Ended September 30, 2017 Talon Zipper Talon Trim Talon Consolidated Net sales $ 12,071,578 $ 21,720,280 $ 33,791,858 Cost of goods sold 8,765,264 12,699,977 21,465,241 Gross profit $ 3,306,314 $ 9,020,303 12,326,617 Operating expenses 10,927,136 Income from operations $ 1,399,481 Nine Months Ended September 30, 2016 Talon Zipper Talon Trim Talon Consolidated Net sales $ 13,910,671 $ 22,665,133 $ 36,575,804 Cost of goods sold 9,884,052 13,274,840 23,158,892 Gross profit $ 4,026,619 $ 9,390,293 13,416,912 Operating expenses 11,149,837 Income from operations $ 2,267,075 Th e Company distributes its products internationally and has reporting requirements based on geographic regions. Revenues are attributed to countries based upon customer delivery locations and the net book value of long-lived assets (consisting of property and equipment and intangibles) is attributed to countries based on the location of the assets, as follows: Three Months Ended Nine Months Ended Sales: September 30, September 30, Country / Region 2017 2016 2017 2016 United States $ 953,854 $ 1,110,610 $ 3,476,375 $ 3,012,169 China 2,339,027 2,945,096 8,036,442 9,717,813 Hong Kong 1,644,452 2,715,970 6,083,326 9,019,381 Bangladesh 615,648 415,927 2,579,175 2,844,644 Vietnam 738,633 906,961 2,881,149 2,798,895 Indonesia 889,499 542,458 2,817,800 1,662,578 India 621,785 657,862 2,065,127 1,851,734 Other 1,985,679 1,561,399 5,852,464 5,668,590 Total $ 9,788,577 $ 10,856,283 $ 33,791,858 $ 36,575,804 September 30, December 31, 2017 2016 Long-lived Assets: United States $ 4,821,518 $ 4,915,383 China 131,365 164,081 Hong Kong 43,530 66,347 India 3,827 4,993 Total $ 5,000,240 $ 5,150,804

Note 14 - Subsequent Events

Note 14 - Subsequent Events	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	Note 14. The Company evaluated subsequent events after the balance sheet date of September 30, 2017 no

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	Allowance for Accounts Receivable Doubtful Accounts The Company is required to make judgments as to the 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 three nine September 30, 2017 21,078 $8,532, three nine September 30, 2016 $32,047 $12,001,
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements Financial Accounting Standards Board ("FASB") Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures” three Level 1—Observable Level 2—Include Level 3—Unobservable no 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, and revolving line of credit from related party. In accordance with ASC 820, 1 At September 30, 2017 December 31, 2016, $873,000 $1,125,000,
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Intangible Assets Intangible assets consist of the Talo n not 350, Intangibles - Goodwill and Other 360, Property, Plant and Equipment T he Company applies Accounting Standards Update (“ASU”) 2012 02, Intangibles – Goodwill and Other - Testing Indefinite-lived Intangible Assets for Impairment first not, 50%, not 350 30. December 31, 2016, no for interim triggering events and noted no September 30, 2017. F rom time to time the Company makes investments in product and technical opportunities that are complimentary to or enhancements to its apparel accessories business. During the three nine September 30, 2017 2016, no September 30, 2017 December 31, 2016 $38,738 not Intangible assets as of September 30, 2017 December 31, 2016 September 30, December 31, 2017 2016 Tradename - Talon trademark $ 4,110,751 $ 4,110,751 Intellectual property rights 217,459 217,459 Less: Accumulated amortization (10 to 17 years) (71,426 ) (61,614 ) Intellectual property rights, net 146,033 155,845 Intangible assets, net $ 4,256,784 $ 4,266,596 Amortization expense for intangible assets was $3,271 $9,813 three nine September 30, 2017 2016.
Cost of Sales, Policy [Policy Text Block]	Classification of Expenses Costs of Goods S old S ales and Marketing Expenses – General and Administrative Expenses – General and administrative expenses primarily include administrative salaries, employee benefits, professional service fees, facility expenses, information technology costs, investor relations, travel and entertainment, depreciation and amortization, bad debts and other general corporate expenses. Interest Expense, net – Interest expense reflects the cost of borrowings, amortization of deferred financing costs and amortization of debt discounts. Interest expense for the three nine September 30, 2017 $158,510 $470,143, three nine September 30, 2016 $158,050 $465,372, three September 30, 2017 2016 $1,000 nine September 30, 2017 2016 $1,678 $1,720,
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. Included in accumulated other comprehensive income was a cumulative foreign currency translation gain of $82,454 $73,392 September 30, 2017 December 31, 2016,
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income (Loss) Comprehensive income (loss) consists of net income (loss) and unrealized income (loss) on foreign currency translation adjustments. The foreign currency translation adjustment represents the net currency translation gains and losses related to our Hong Kong, China and India subsidiaries, which have not The Company reports comprehensive income (loss) in accordance with Topic 220 Comprehensive Income ” 2011 05 Presentation of Comprehensive Income
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. The accounting estimates that require the Company’s most significant, difficult and subjective judgments include the valuation allowance for accounts receivable and inventory, the assessment of recoverability of long-lived assets and intangible assets, stock-based compensation and the recognition and measurement of current and deferred income taxes (including the measurement of uncertain tax positions). Actual results could differ materially from the Company’s estimates.
Basis of Accounting, Policy [Policy Text Block]	Presentation In order to facilitate the comparison of financial information, certain amounts reported in the prior year have been reclassified to conform to the current year presentation.

Note 2 - Summary of Significa21

Note 2 - Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	September 30, December 31, 2017 2016 Tradename - Talon trademark $ 4,110,751 $ 4,110,751 Intellectual property rights 217,459 217,459 Less: Accumulated amortization (10 to 17 years) (71,426 ) (61,614 ) Intellectual property rights, net 146,033 155,845 Intangible assets, net $ 4,256,784 $ 4,266,596

Note 4 - Net Income (Loss) Pe22

Note 4 - Net Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Net income (loss) Shares Per Share Amount Three Months Ended September 30, 2017: Basic net loss: Net loss $ (78,368 ) 92,338,283 $ 0.00 Effect of Dilutive Securities - Options - - 0.00 Diluted net loss per share $ (78,368 ) 92,338,283 $ 0.00 Three Months Ended September 30, 2016: Basic net income: Net income $ 20,695 92,274,255 $ 0.00 Effect of Dilutive Securities - Options - 945,936 0.00 Diluted net income per share $ 20,695 93,220,191 $ 0.00 Net income Shares Per Share Amount Nine Months Ended September 30, 2017: Basic net income: Net income $ 531,373 92,305,917 $ 0.01 Effect of Dilutive Securities - Options - 355,308 0.00 Diluted net income per share $ 531,373 92,661,225 $ 0.01 Nine Months Ended September 30, 2016: Basic net income: Net income $ 1,027,510 92,271,066 $ 0.01 Effect of Dilutive Securities - Options - 1,134,829 0.00 Diluted net income per share $ 1,027,510 93,405,895 $ 0.01

Note 6 - Inventories (Tables)

Note 6 - Inventories (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 30, December 31, 2017 2016 Finished goods $ 512,385 $ 563,989 Less: Reserves (41,426 ) (63,507 ) Total inventories, net $ 470,959 $ 500,482

Note 7 - Accrued Expenses (Tabl

Note 7 - Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	September 30, December 31, 2017 2016 Accrued payroll and related expenses $ 1,324,846 $ 1,532,734 Accrued commissions 310,954 557,369 Accrued rebates 197,816 316,287 Taxes payable 272,399 184,232 Accrued expenses 431,982 268,330 Other 113,805 113,737 Total accrued expenses $ 2,651,802 $ 2,972,689

Note 8 - Credit Facilities, L25

Note 8 - Credit Facilities, Long-term Obligations and Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	September 30, December 31, 2017 2016 $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% $ 4,455,643 $ 4,455,643 Less: Debt discounts net of related amortization (273,962 ) (342,028 ) Less: Deferred financing costs net of related amortization (58,627 ) (72,270 ) Revolving line of credit, net of debt discounts and deferred financing costs 4,123,054 4,041,345 Less: Current portion (225,000 ) - Revolving line of credit, net of debt discounts, deferred financing costs and current portion $ 3,898,054 $ 4,041,345
Interest Income and Interest Expense Disclosure [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Revolving line of credit from related party $ 129,153 $ 124,296 $ 383,247 $ 359,882 Amortization of deferred financing costs 4,548 4,547 13,643 13,642 Amortization of debt discounts 23,292 21,521 68,067 64,564 Total credit facilities related interest expense 156,993 150,364 464,957 438,088 Other interest expense, net 804 6,880 3,508 25,564 Interest expense, net $ 157,797 $ 157,244 $ 468,465 $ 463,652

Note 10 - Stock-based Compens26

Note 10 - Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Share-based Compensation, Stock Options, Activity [Table Text Block]	Number of Shares Weighted Average Exercise Price Employees and Directors Options outstanding - January 1, 2017 9,933,267 $ 0.16 Granted 5,000 $ 0.10 Exercised (100,000 ) $ 0.05 Cancelled (315,000 ) $ 0.15 Expired (46,600 ) $ 1.02 Options outstanding - September 30, 2017 9,476,667 $ 0.16 Non Employees Warrants outstanding - January 1, 2017 3,250,000 $ 0.18 Granted - $ - Exercised - $ - Cancelled - $ - Warrants outstanding - September 30, 2017 3,250,000 $ 0.18

Note 13 - Segment Reporting a27

Note 13 - Segment Reporting and Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended September 30, 2017 Talon Zipper Talon Trim Talon Consolidated Net sales $ 3,191,297 $ 6,597,280 $ 9,788,577 Cost of goods sold 2,373,865 3,946,233 6,320,098 Gross profit $ 817,432 $ 2,651,047 3,468,479 Operating expenses 3,369,445 Income from operations $ 99,034 Three Months Ended September 30, 2016 Talon Zipper Talon Trim Talon Consolidated Net sales $ 3,587,603 $ 7,268,680 $ 10,856,283 Cost of goods sold 2,670,225 4,384,951 7,055,176 Gross profit $ 917,378 $ 2,883,729 3,801,107 Operating expenses 3,572,465 Income from operations $ 228,642 Nine Months Ended September 30, 2017 Talon Zipper Talon Trim Talon Consolidated Net sales $ 12,071,578 $ 21,720,280 $ 33,791,858 Cost of goods sold 8,765,264 12,699,977 21,465,241 Gross profit $ 3,306,314 $ 9,020,303 12,326,617 Operating expenses 10,927,136 Income from operations $ 1,399,481 Nine Months Ended September 30, 2016 Talon Zipper Talon Trim Talon Consolidated Net sales $ 13,910,671 $ 22,665,133 $ 36,575,804 Cost of goods sold 9,884,052 13,274,840 23,158,892 Gross profit $ 4,026,619 $ 9,390,293 13,416,912 Operating expenses 11,149,837 Income from operations $ 2,267,075
Revenue from External Customers by Geographic Areas [Table Text Block]	Three Months Ended Nine Months Ended Sales: September 30, September 30, Country / Region 2017 2016 2017 2016 United States $ 953,854 $ 1,110,610 $ 3,476,375 $ 3,012,169 China 2,339,027 2,945,096 8,036,442 9,717,813 Hong Kong 1,644,452 2,715,970 6,083,326 9,019,381 Bangladesh 615,648 415,927 2,579,175 2,844,644 Vietnam 738,633 906,961 2,881,149 2,798,895 Indonesia 889,499 542,458 2,817,800 1,662,578 India 621,785 657,862 2,065,127 1,851,734 Other 1,985,679 1,561,399 5,852,464 5,668,590 Total $ 9,788,577 $ 10,856,283 $ 33,791,858 $ 36,575,804
Long-lived Assets by Geographic Areas [Table Text Block]	September 30, December 31, 2017 2016 Long-lived Assets: United States $ 4,821,518 $ 4,915,383 China 131,365 164,081 Hong Kong 43,530 66,347 India 3,827 4,993 Total $ 5,000,240 $ 5,150,804

Note 2 - Summary of Significa28

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Allowance for Doubtful Accounts Receivable, Recoveries	$ 21,078
Allowance for Doubtful Accounts Receivable, Write-offs		$ 32,047	$ 8,532	$ 12,001
Cash and Cash Equivalents, Fair Value Disclosure	873,000		873,000		$ 1,125,000
Goodwill and Intangible Asset Impairment			0		0
Finite-Lived Intangible Assets, Gross	217,459		217,459		217,459
Amortization of Intangible Assets	3,271	9,813	3,271	9,813
Interest Expense	158,510	158,050	470,143	465,372
Interest Income, Other	1,000	1,000	1,678	1,720
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	82,454		82,454		73,392
Intellectual Property [Member]
Payments to Acquire Intangible Assets	0	$ 0	0	$ 0
Finite-Lived Intangible Assets, Gross	$ 38,738		$ 38,738		$ 38,738

Note 2 - Summary of Significa29

Note 2 - Summary of Significant Accounting Policies - Intangible Assets (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Tradename - Talon trademark	$ 4,110,751	$ 4,110,751
Intellectual property rights	217,459	217,459
Less: Accumulated amortization (10 to 17 years)	(71,426)	(61,614)
Intellectual property rights, net	146,033	155,845
Intangible assets, net	$ 4,256,784	$ 4,266,596

Note 2 - Summary of Significa30

Note 2 - Summary of Significant Accounting Policies - Intangible Assets (Details) (Parentheticals)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Minimum [Member]
Intellectual property rights, useful life (Year)	10 years	10 years
Maximum [Member]
Intellectual property rights, useful life (Year)	17 years	17 years

Note 4 - Net Income (Loss) Pe31

Note 4 - Net Income (Loss) Per Share (Details Textual) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,250,000	3,250,000	3,250,000	3,250,000
Warrant [Member] | Minimum [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.14	$ 0.14	$ 0.14	$ 0.14
Warrant [Member] | Maximum [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.18	$ 0.18	$ 0.18	$ 0.18
Employee And Board Member Stock Options [Member]
Incremental Common Shares Attributable to Dilutive Effect of Equity Unit Purchase Agreements	9,476,667	2,541,667	1,023,125	2,721,667
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	$ 0.04	$ 0.04	$ 0.04	$ 0.04
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	$ 0.69	$ 0.10	$ 0.09	$ 0.11
Employee And Board Member Stock Options [Member] | Stock Compensation Plan [Member]
Incremental Common Shares Attributable to Dilutive Effect of Equity Unit Purchase Agreements		9,057,600	8,453,542	8,877,600
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit		$ 0.10	$ 0.10	$ 0.10
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit		$ 1.33	$ 1.33	$ 1.33

Note 4 - Net Income (Loss) Pe32

Note 4 - Net Income (Loss) Per Share - Reconciliation of the Numerators and Denominators of the Basic and Diluted Net Income Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net income, basic	$ (78,368)	$ 20,695	$ 531,373	$ 1,027,510
Weighted average number of common shares outstanding, basic (in shares)	92,338,283	92,274,255	92,305,917	92,271,066
Earnings per share, basic (in dollars per share)	$ 0	$ 0	$ 0.01	$ 0.01
Dilutive securities, options (in shares)		945,936	355,308	1,134,829
Net income, diluted	$ (78,368)	$ 20,695	$ 531,373	$ 1,027,510
Weighted average number of common shares outstanding - Diluted (in shares)	92,338,283	93,220,191	92,661,225	93,405,895
Earnings per share, diluted (in dollars per share)	$ 0	$ 0	$ 0.01	$ 0.01

Note 5 - Accounts Receivable (D

Note 5 - Accounts Receivable (Details Textual) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Allowance for Doubtful Accounts Receivable, Current	$ 49,503	$ 40,299

Note 6 - Inventories - Inventor

Note 6 - Inventories - Inventories (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Finished goods	$ 512,385	$ 563,989
Less: Reserves	(41,426)	(63,507)
Total inventories, net	$ 470,959	$ 500,482

Note 7 - Accrued Expenses - Acc

Note 7 - Accrued Expenses - Accrued Expenses (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Accrued payroll and related expenses	$ 1,324,846	$ 1,532,734
Accrued commissions	310,954	557,369
Accrued rebates	197,816	316,287
Taxes payable	272,399	184,232
Accrued expenses	431,982	268,330
Other	113,805	113,737
Total accrued expenses	$ 2,651,802	$ 2,972,689

Note 8 - Credit Facilities, L36

Note 8 - Credit Facilities, Long-term Obligations and Related Party Transactions (Details Textual) - USD ($)	Aug. 10, 2015	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016	Dec. 21, 2015
Capital Lease Obligation Interest Rate		8.00%
Capital Lease Obligations		$ 43,150		$ 60,784
Line of Credit [Member] | Princess Investment Holdings Inc [Member]
Debt Instrument, Interest Rate, Stated Percentage		11.50%		11.50%
Long-term Debt, Gross		$ 4,455,643		$ 4,455,643
Line of Credit Facility, Remaining Borrowing Capacity			$ 1,544,357	$ 1,544,357
Princess Investment Holdings Inc [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		2,000,000
Class of Warrant or Right, Term		5 years
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 0.18
Warrants and Rights Outstanding	$ 130,000				$ 320,000
Princess Investment Holdings Inc [Member]
Subordinated Debt Maximum Indebtedness					6,000,000
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	1,000,000
Class of Warrant or Right, Term	5 years
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.18
Financial Covenant Loss after Taxes Maximum					$ 1,000,000
Debt Instrument, Interest Rate, Stated Percentage					11.50%
Long Term Debt Maturities, Monthly Repayments of Principal in Next Twelve Months		$ 0
Long Term Debt Maturities Monthly Repayments of Principal in Year Two		25,000
Long Term Debt Maturities Monthly Repayments of Principal in Year Three		35,000
Long Term Debt Maturities Monthly Repayments of Principal in Year Four		50,000
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] | Paid Upon Maturity [Member] | Loan Fee [Member]
Payments of Financing Costs		$ 60,000

Note 8 - Credit Facilities, L37

Note 8 - Credit Facilities, Long-term Obligations and Related Party Transactions - Revolving Line of Credit (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Less: Current portion	$ (114,783)
Revolving line of credit, net of debt discounts, deferred financing costs and current portion	4,008,271	4,041,345
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%	4,455,643	4,455,643
Less: Debt discounts net of related amortization	(273,962)	(342,028)
Less: Deferred financing costs net of related amortization	(58,627)	(72,270)
Revolving line of credit, net of debt discounts and deferred financing costs	4,123,054	4,041,345
Less: Current portion	(225,000)
Revolving line of credit, net of debt discounts, deferred financing costs and current portion	$ 3,898,054	$ 4,041,345

Note 8 - Credit Facilities, L38

Note 8 - 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 ($)	Sep. 30, 2017	Dec. 31, 2016
Revolving line of credit, face amount	$ 6,000,000	$ 6,000,000
Revolving line of credit, interest rate	11.50%	11.50%

Note 8 - Credit Facilities, L39

Note 8 - Credit Facilities, Long-term Obligations and Related Party Transactions - Interest Expense Included in Consolidated Statements of Operations (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Amortization of deferred financing costs	$ 4,548	$ 4,547	$ 13,643	$ 13,642
Amortization of debt discounts	23,292	21,521	68,067	64,564
Total credit facilities related interest expense	156,993	150,364	464,957	438,088
Interest expense, net	157,797	157,244	468,465	463,652
Miscellaneous [Member]
Interest expense, net	804	6,880	3,508	25,564
Term Loan Payable [Member]
Debt Interest Expense	$ 129,153	$ 124,296	$ 383,247	$ 359,882

Note 9 - Stockholders' Equity (

Note 9 - Stockholders' Equity (Details Textual) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Common Stock, Shares Authorized	300,000,000	300,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	3,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001
Preferred Stock, Shares Outstanding	0	0

Note 10 - Stock-based Compens41

Note 10 - Stock-based Compensation (Details Textual) - USD ($)	Feb. 10, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Allocated Share-based Compensation Expense		$ 55,332	$ 53,854	$ 162,050	$ 229,368
Princess Investment Warrant [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	250,000
Class of Warrant or Right, Term	5 years
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.14
2008 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period				64,028	6,424
Stock Issued During Period, Shares Stock Options Exercised,Shares Retained In Lieu of Cash				35,972	13,576
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price				$ 0.05	$ 0.06
Share Based Compensation Arrangement, By Share Based Payment Award, Options, Exercise Date, Intrinsic Value Per Share				$ 0.14	$ 0.14
Stock Issued During Period, Shares, Stock Options Exercised,Shares, Retained In Lieu Of Cash, Intrinsic Value				$ 5,000	$ 1,900
Options Issued To Employees And Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		0	200,000	5,000	4,525,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 365,353	$ 608,614	$ 365,353	$ 608,614
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				1 year 357 days	2 years 321 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period				100,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price				$ 0.05

Note 10 - Stock-based Compens42

Note 10 - Stock-based Compensation - Share-based Compensation Activity (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Princess Investment Warrant [Member] | Non-Employee [Member]
Warrants outstanding (in shares)			3,250,000
Warrants outstanding, weighted average exercise price (in dollars per share)			$ 0.18
Warrants outstanding (in shares)	3,250,000		3,250,000
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)			9,933,267
Options outstanding, weighted average exercise price (in dollars per share)			$ 0.16
Granted (in shares)	0	200,000	5,000	4,525,000
Granted, weighted average exercise price (in dollars per share)			$ 0.10
Exercised (in shares)			(100,000)
Exercised, weighted average exercise price (in dollars per share)			$ 0.05
Cancelled (in shares)			(315,000)
Cancelled, weighted average exercise price (in dollars per share)			$ 0.15
Expired (in shares)			(46,600)
Expired, weighted average exercise price (in dollars per share)			$ 1.02
Options outstanding (in shares)	9,476,667		9,476,667
Options outstanding, weighted average exercise price (in dollars per share)	$ 0.16		$ 0.16

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Income Tax Expense (Benefit)	$ 19,605	$ 50,703	$ 399,643	$ 775,913
Deferred Tax Assets, Net of Valuation Allowance	5,006,677		5,006,677		$ 5,224,018
Deferred Tax Liabilities, Net, Noncurrent	0		0		3,037
Prepaid Expenses and Other Current Assets [Member]
Income Taxes Receivable	24,448		24,448		23,123
Accrued Expenses [Member]
Accrued Income Taxes, Current	$ 230,082		$ 230,082		$ 120,187

Note 13 - Segment Reporting a44

Note 13 - Segment Reporting and Geographic Information - Net Revenues and Operating Margins (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net sales	$ 9,788,577	$ 10,856,283	$ 33,791,858	$ 36,575,804
Cost of goods sold	6,320,098	7,055,176	21,465,241	23,158,892
Gross profit	3,468,479	3,801,107	12,326,617	13,416,912
Operating expenses	3,369,445	3,572,465	10,927,136	11,149,837
Income from operations	99,034	228,642	1,399,481	2,267,075
Operating Segments [Member]
Net sales	9,788,577	10,856,283	33,791,858	36,575,804
Cost of goods sold	6,320,098	7,055,176	21,465,241	23,158,892
Gross profit	3,468,479	3,801,107	12,326,617	13,416,912
Operating expenses	3,369,445	3,572,465	10,927,136	11,149,837
Income from operations	99,034	228,642	1,399,481	2,267,075
Talon Zippers [Member] | Operating Segments [Member]
Net sales	3,191,297	3,587,603	12,071,578	13,910,671
Cost of goods sold	2,373,865	2,670,225	8,765,264	9,884,052
Gross profit	817,432	917,378	3,306,314	4,026,619
Operating expenses
Income from operations
Talon Trim [Member] | Operating Segments [Member]
Net sales	6,597,280	7,268,680	21,720,280	22,665,133
Cost of goods sold	3,946,233	4,384,951	12,699,977	13,274,840
Gross profit	2,651,047	2,883,729	9,020,303	9,390,293
Operating expenses
Income from operations

Note 13 - Segment Reporting a45

Note 13 - Segment Reporting and Geographic Information - Revenues by Delivery Locations (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net sales	$ 9,788,577	$ 10,856,283	$ 33,791,858	$ 36,575,804
Geography Eliminations [Member] | UNITED STATES
Net sales	953,854	1,110,610	3,476,375	3,012,169
Geography Eliminations [Member] | CHINA
Net sales	2,339,027	2,945,096	8,036,442	9,717,813
Geography Eliminations [Member] | HONG KONG
Net sales	1,644,452	2,715,970	6,083,326	9,019,381
Geography Eliminations [Member] | BANGLADESH
Net sales	615,648	415,927	2,579,175	2,844,644
Geography Eliminations [Member] | VIET NAM
Net sales	738,633	906,961	2,881,149	2,798,895
Geography Eliminations [Member] | INDONESIA
Net sales	889,499	542,458	2,817,800	1,662,578
Geography Eliminations [Member] | INDIA
Net sales	621,785	657,862	2,065,127	1,851,734
Geography Eliminations [Member] | Other Geographical Area [Member]
Net sales	$ 1,985,679	$ 1,561,399	$ 5,852,464	$ 5,668,590

Note 13 - Segment Reporting a46

Note 13 - Segment Reporting and Geographic Information - Long-lived Assets By Location (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Long-lived assets	$ 5,000,240	$ 5,150,804
Geography Eliminations [Member] | UNITED STATES
Long-lived assets	4,821,518	4,915,383
Geography Eliminations [Member] | CHINA
Long-lived assets	131,365	164,081
Geography Eliminations [Member] | HONG KONG
Long-lived assets	43,530	66,347
Geography Eliminations [Member] | INDIA
Long-lived assets	$ 3,827	$ 4,993