theglobe.com (TGLO) 10-K 30 Mar 17 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)		12 Months Ended
		Dec. 31, 2016	Mar. 01, 2017	Jun. 30, 2016
Document Information [Line Items]
Document Type		10-K
Amendment Flag		false
Document Period End Date		Dec. 31, 2016
Document Fiscal Year Focus		2,016
Document Fiscal Period Focus		FY
Entity Registrant Name		THEGLOBE COM INC
Entity Central Index Key		1,066,684
Current Fiscal Year End Date		--12-31
Entity Well-known Seasoned Issuer		No
Entity Voluntary Filers		No
Entity Current Reporting Status		Yes
Entity Filer Category		Smaller Reporting Company
Entity Public Float	[1]			$ 117,243
Trading Symbol		TGLO
Entity Common Stock, Shares Outstanding			441,484,838
[1]	Includes voting stock held by third parties, which may be deemed to be beneficially owned by affiliates, but for which such affiliates have disclaimed beneficial ownership.

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash	$ 31,285	$ 20,585
Prepaid expenses	4,936	4,997
Total current assets	36,221	25,582
Current Liabilities:
Accounts payable due to related party	769,570	529,570
Accounts payable	101	101
Accrued compensation due to related parties	130,769	130,769
Accrued expenses and other current liabilities	30,500	26,000
Accrued interest due to related party	427,878	373,234
Notes payable due to related party	600,000	500,000
Total current liabilities	1,958,818	1,559,674
Stockholders' Deficit:
Common stock, $0.001 par value; 500,000,000 shares authorized; 441,484,838 shares issued at December 31, 2016 and December 31, 2015	441,485	441,485
Additional paid in capital	294,301,845	294,301,845
Accumulated deficit	(296,665,927)	(296,277,422)
Total stockholders' deficit	(1,922,597)	(1,534,092)
Total liabilities and stockholders' deficit	$ 36,221	$ 25,582

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Common stock,par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	441,484,838	441,484,838

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Net Revenue	$ 0	$ 0
Operating Expenses:
General and administrative	93,387	93,257
Related party transactions	240,000	240,000
Total Operating Expenses	333,387	333,257
Operating Loss from Continuing Operations	(333,387)	(333,257)
Other Income (Expense), net:
Related party interest expense	(54,644)	(50,000)
Related party other income	0	149,625
Nonoperating Income (Expense)	(54,644)	99,625
Loss from Continuing Operations Before Income Taxes	(388,031)	(233,632)
Income Taxes	0	0
Loss from Continuing Operations	(388,031)	(233,632)
Income (Loss) from Discontinued Operations, net of tax	(474)	40,423
Net Loss	$ (388,505)	$ (193,209)
Income (Loss) Per Share - Basic and Diluted:
Continuing Operations (in dollars per share)	$ 0	$ 0
Discontinued Operations (in dollars per share)	$ 0	$ 0
Weighted Average Common Shares Outstanding (in shares)	441,484,838	441,484,838

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Balance at Dec. 31, 2014	$ (1,340,883)	$ 441,485	$ 294,301,845	$ (296,084,213)
Balance (in shares) at Dec. 31, 2014		441,484,838
Net Loss	(193,209)	$ 0	0	(193,209)
Balance at Dec. 31, 2015	(1,534,092)	$ 441,485	294,301,845	(296,277,422)
Balance (in shares) at Dec. 31, 2015		441,484,838
Net Loss	(388,505)	$ 0	0	(388,505)
Balance at Dec. 31, 2016	$ (1,922,597)	$ 441,485	$ 294,301,845	$ (296,665,927)
Balance (in shares) at Dec. 31, 2016		441,484,838

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash Flows from Operating Activities:
Net loss	$ (388,505)	$ (193,209)
Income (Loss) from discontinued operations	474	(40,423)
Loss from continuing operations	(388,031)	(233,632)
Changes in operating assets and liabilities:
Prepaid expenses	61	0
Accounts payable due to related party	240,000	240,000
Accounts payable	0	(124)
Accrued expenses and other current liabilities	4,500	(200)
Accrued interest due to related party	54,644	50,000
Net cash flows provided by (used in) operating activities of continuing operations	(88,826)	56,044
Net cash flows used in operating activities of discontinued operations	(474)	(35,512)
Net cash flows provided by (used in) operating activities	(89,300)	20,532
Cash Flows from Financing Activities:
Borrowings on Notes Payable	100,000	0
Net cash flows from financing activities	100,000	0
Net increase in cash & cash equivalents	10,700	20,532
Cash & cash equivalents at beginning of period	20,585	53
Cash & cash equivalents at end of period	$ 31,285	$ 20,585

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	(1) ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES theglobe.com, inc. (the “Company” or “theglobe”) was incorporated on May 1, 1995 On May 9, 2005, the Company exercised an option to acquire all of the outstanding capital stock of Tralliance Corporation (“Tralliance”), an entity which had been designated as the registry for the “.travel” top-level domain through an agreement with the Internet Corporation for Assigned Names and Numbers (“ICANN”). As more fully discussed in Note 3 “Discontinued Operations,” in March 2007, management and the Board of Directors of the Company made the decision to discontinue the operating, research and development activities of its VoIP telephony services business and terminate all of the remaining employees of that business. On September 29, 2008, the Company sold its Tralliance business and issued 229,000,000 The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. These estimates and assumptions relate primarily to valuations of accounts payable and accrued expenses. Prepaid expenses at December 31, 2016 and 2015 consist of prepaid insurance, which is amortized to expense over the policy periods FASB Accounting Standards Codification Topic on Fair Value Measurements and Disclosure (“ASC 820”) requires that the Company disclose estimated fair values of its financial instruments. The carrying amount of certain of the Company's financial instruments, including cash, accounts payable and accrued expenses, are a reasonable estimate of their fair values at December 31, 2016 and 2015, respectively, due to their short maturities. Commensurate with the sale of its former Tralliance business on September 29, 2008, the Company entered into an Earn-out Agreement with Tralliance Registry Management, the purchaser of Tralliance’s business. Under the terms of the Earn-out Agreement, Tralliance Registry Management agreed to pay the Company an earn-out equal to 10 37,000 300,000 25,000 Due to various factors related to the collectability of Earn-out payments from Tralliance Registry Management, including the weak financial condition of Tralliance Registry Management, and the fact that such Earn-out payments were payable to theglobe over an extended period of time (originally approximately 6 ½ years), no portion of the Earn-out was included in the purchase price for the Purchase Transaction. Instead, the Company chose to recognize income related to the Earn-out on a prospective basis as and to the extent that future Earn-out payments are collected. Since inception of the Earn-out Agreement through May 2015, a total of $ 2,437,000 149,625 The Company estimates the fair value of each stock option at the grant date by using the Black Scholes option-pricing model using the following assumptions: no dividend yield; a risk-free interest rate based on the U.S. Treasury yield in effect at the time of grant; an expected option life based on historical and expected exercise behavior; and expected volatility based on the historical volatility of the Company’s stock price, over a time period that is consistent with the expected life of the option. The portion of the value that is ultimately expected to vest is recognized as expense over the service period. The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the consolidated results of operations in the period that the tax change occurs. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company reports basic and diluted net income per common share in accordance with FASB ASC Topic 260, “Earnings Per Share.” Basic earnings per share is computed using the weighted average number of common shares outstanding during the period. Common equivalent shares consist of the incremental common shares issuable upon the exercise of stock options and warrants (using the treasury stock method). Common equivalent shares are excluded from the calculation if their effect is anti-dilutive. December 31, 2016 2015 Options to purchase common stock — 100,000 Management has determined that all recently issued accounting pronouncements will not have a material impact on the Company’s financial statements or do not apply to the Company’s operations.

LIQUIDITY AND GOING CONCERN CON

LIQUIDITY AND GOING CONCERN CONSIDERATIONS	12 Months Ended
	Dec. 31, 2016
Liquidity and Going Concern Disclosure [Abstract]
Liquidity and Going Concern Disclosure [Text Block]	(2) LIQUIDITY AND GOING CONCERN CONSIDERATIONS The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. Accordingly, the consolidated financial statements do not include any adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. However, for the reasons described below, Company management does not believe that cash on hand and cash flow generated internally by the Company will be adequate to fund its limited overhead and other cash requirements beyond a short period of time. These reasons raise significant doubt about the Company’s ability to continue as a going concern. Since 2008, the Company was able to continue operating as a going concern due principally to funding of $ 500,000 2,437,000 50,000 At December 31, 2016, the Company had a net working capital deficit of approximately $ 1,923,000 1,028,000 770,000 131,000 31,000 During the second quarter of 2015, a former VoIP telephony service business vendor agreed to forgive its remaining accounts payable balance of approximately $ 41,000 During the fourth quarter of 2014 the Company derecognized approximately $ 84,000 33,000 296,000 170,000 126,000 1,354,000 1,000,000 As discussed previously, on September 29, 2008, the Company (i) sold the business and substantially all of the assets of its Tralliance Corporation subsidiary to Tralliance Registry Management, and (ii) issued 229,000,000 6,400,000 76 As additional consideration under the Purchase Transaction, Tralliance Registry Management was obligated to pay an earn-out to theglobe equal to 10 May 5, 2015 300,000 25,000 37,000 In connection with the closing of the Purchase Transaction, the Company also entered into a Master Services Agreement with an entity controlled by Mr. Egan whereby for a fee of $ 20,000 240,000 Immediately following the closing of the Purchase Transaction, theglobe became a shell company with no material operations or assets, and no source of income other than under the Earn-out. As a shell company, theglobe’s operating expenses have consisted primarily of and are expected to continue to consist primarily of expenses incurred under the aforementioned Master Services Agreement and other customary public company expenses, including legal, audit and other miscellaneous public company costs. MANAGEMENT PLANS On a short term liquidity basis, the Company must receive the continued indulgence of its primary creditor, Mr. Egan, including the continued forbearance of Mr. Egan and related entities in making demand for payment for amounts outstanding under the Revolving Loan Agreement, the 2016 Promissory Notes and the Master Services Agreement, in order to continue as a going concern. It is the Company’s preference to avoid filing for protection under the U.S. Bankruptcy Code. However, based upon the Company’s current financial condition as discussed above, management believes that additional debt or equity capital will need to be raised in order for theglobe to continue to operate as a going concern on a long-term basis. Any such capital would likely come from Mr. Egan, as the Company currently has no access to credit facilities and has traditionally relied on borrowings from related parties to meet short-term liquidity needs. Any such equity capital would likely result in very substantial dilution in the number of outstanding shares of the Company’s Common Stock. Given theglobe’s current financial condition, it currently has no intent to seek to acquire or start any new businesses. The Company intends to use the proceeds from the 2016 Promissory Notes and seek other loans from Mr. Egan and related entities, if necessary, to fund its public company operating costs while it explores its options related to the future of theglobe. On March 29, 2017, the Company borrowed an additional $ 50,000

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	(3) DISCONTINUED OPERATIONS In March 2007, management and the Board of Directors of the Company decided to discontinue the operating, research and development activities of its VoIP telephony services business and terminate all of the remaining employees of the business. 1,000,000 During the fourth quarter of 2012, the Company re-evaluated all remaining liabilities of its VoIP telephony services business in light of the passage of time and applicable state statute of limitation laws. Based upon this re-evaluation, the Company derecognized accounts payable liabilities related to six (6) former telecommunication vendors totaling approximately $ 1,354,000 1,000,000 41,000

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2016
Accrued Liabilities [Abstract]
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	(4) ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES December 31, 2016 2015 Accrued legal and audit expense $ 30,500 $ 26,000

DEBT

DEBT	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	(5) DEBT December 31, 2016 December 31, 2015 2008 Revolving Loan Notes due to a related party; due on demand $ 500,000 $ 500,000 March 2016 Promissory Note due to a related party; due on demand 50,000 — November 2016 Promissory Note due to a related party; due on demand 50,000 — 600,000 500,000 On June 6, 2008, the Company and its subsidiaries, as guarantors, entered into a Revolving Loan Agreement with Dancing Bear Investments, Inc. (“Dancing Bear”), pursuant to which Dancing Bear may loan up to $ 500,000 100,000 400,000 500,000 423,233 373,234 50,000 On May 7, 2009, the Company entered into a Note and Modification Agreement with Dancing Bear, which amended the repayment terms of the Revolving Loan Agreement. In connection with the Credit Line, the Company executed and delivered a promissory note to Dancing Bear in the amount of $ 500,000 10 On March 23, 2016, the Company entered into a $ 50,000 September 22, 2016 on the earlier of (i) five (5) business days following any demand for payment, which demand can be made by Dancing Bear at any time; or (ii) an event of default as defined under the promissory note. 10 3,891 On November 7, 2016, the Company entered into a second $ 50,000 754 The Company has no ability to repay any of the loans discussed above should Dancing Bear demand payment.

STOCK OPTION PLANS

STOCK OPTION PLANS	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	(6) STOCK OPTION PLANS As of December 31, 2016, all of the Company’s stock option plans have terminated and there are no shares for grant under these plans. Remaining stock options outstanding and exercisable expired in August 2016. No stock options were granted by the Company or exercised during the years ended December 31, 2016 and 2015. Weighted Weighted Average Average Remaining Number of Exercise Contractual Aggregate Intrinsic Options Price Term Value Outstanding at December 31, 2015 100,000 $ 0.14 0.6 years $ — Granted — — Exercised — — Expired 100,000 0.14 Outstanding at December 31, 2016 — $ $ — Exercisable at December 31, 2016 — $ $ — Options available at December 31, 2016 — Weighted Average Weighted Remaining Number of Average Exercise Contractual Aggregate Intrinsic Options Price Term Value Outstanding at December 31, 2014 4,000,000 $ 0.12 0.3 years $ — Granted — — Exercised — — Expired 3,900,000 0.12 Outstanding at December 31, 2015 100,000 $ 0.14 0.6 years $ — Exercisable at December 31, 2015 100,000 $ 0.14 0.6 years $ — Options available at December 31, 2015 100,000 No employee stock compensation expense was charged to operating expenses during the years ended December 31, 2016 or 2015. At December 31, 2016, there was no unrecognized compensation expense related to unvested stock options.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	(7) INCOME TAXES Year Ended December 31, 2016 2015 Continuing operations $ — $ — Discontinued operations — — $ — $ — Year Ended December 31, 2016 2015 Current : Federal $ — $ — State — — $ — $ — Deferred: Federal $ — $ — State — — Provision for income taxes $ — $ — Year Ended December 31, 2016 2015 Statutory federal income tax rate 34.00 % 34.00 % Change in tax rate — — Nondeductible items — — State income taxes, net of federal benefit 3.96 3.96 Change in valuation allowance (37.96) (37.96) AMT tax credit adjustment — — Other — — Effective tax rate 0.00 % 0.00 % December 31, December 31, 2016 2015 Deferred tax assets (liabilities): Net operating loss carryforwards $ 62,959,000 $ 62,903,000 Issuance of warrants 1,447,000 1,447,000 AMT and other tax credits 352,000 352,000 Accrued expenses 335,000 244,000 Depreciation and amortization 15,000 15,000 Total gross deferred tax assets 65,108,000 64,961,000 Less: valuation allowance (65,108,000) (64,961,000) Total net deferred tax assets $ — $ — Because of the Company's lack of earnings history, the net deferred tax assets have been fully offset by a 100 65,108,000 64,961,000 147,000 78,000 In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets, which consist of tax benefits primarily from net operating loss carryforwards, is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Of the total valuation allowance of $65,108,000 as of December 31, 2016, subsequently recognized tax benefits, if any, in the amount of $ 6,400,000 At December 31, 2016, the Company had net operating loss carryforwards available for U.S. tax purposes of approximately $ 165,849,000

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	(8) RELATED PARTY TRANSACTIONS Certain directors of the Company also serve as officers and directors of and own controlling interests in Dancing Bear Investments, Inc., E&C Capital Partners LLLP, E&C Capital Partners II, LLLP, The Registry Management Company, LLC, Tralliance Registry Management Company, LLC, Labigroup Holdings, LLC and License Holdings, LLC. Dancing Bear Investments, Inc., E&C Capital Partners, LLLP and E&C Capital Partners II, LLLP are stockholders of the Company and are entities controlled by our Chairman. On September 29, 2008, the Company (i) sold the business and substantially all of the assets of its Tralliance Corporation subsidiary to Tralliance Registry Management Company LLC (“Tralliance Registry Management”) and (ii) issued 229,000,000 76 In connection with the Purchase Transaction, the Company received (i) forgiveness of debt consideration totaling approximately $ 6,400,000 10 May 5, 2015 37,000 300,000 25,000 0 149,625 In connection with the closing of the Purchase Transaction, the Company also entered into a Master Services Agreement (“Services Agreement”) with Dancing Bear Investments, Inc. (“Dancing Bear”), an entity which is controlled by Mr. Egan. Under the terms of the Services Agreement, for a fee of $ 20,000 240,000 240,000 769,570 As more fully discussed in Note 5 “Debt,” on June 6, 2008 500,000 100,000 400,000 500,000 423,233 373,234 50,000 As discussed earlier in Note 5, “Debt,” during 2016 the Company borrowed a total of $ 100,000 4,645 In order to help the Company make it through a liquidity crisis in 2008, Michael S. Egan, our Chairman and Chief Executive Officer, agreed to defer receiving a portion of his 2008 salary, totaling $ 105,769 25,000 130,769

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	(9) SUBSEQUENT EVENTS The Company’s management evaluated subsequent events through the time of the filing of this report on Form 10-K. The Company’s management is not aware of any significant events that occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on its consolidated financial statements, except for the following. On March 29, 2017 the Company entered into a $50,000 promissory note with, and borrowed the full amount of such promissory note from, Dancing Bear Investments, Inc., an entity controlled by Michael S. Egan, its Chairman and Chief Executive Officer. The promissory note is unsecured and matures with all amounts due, including principal and accrued interest, on the earlier of (i) five business days following any demand for payment, which demand can be made by Dancing Bear at any time; or (ii) an event of default as defined under the promissory note. The Company intends to use the proceeds from the promissory note to pay its public company operating costs over a short period of time.

ORGANIZATION AND SUMMARY OF S16

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Business Description Policy [Policy Text Block]	DESCRIPTION OF THE COMPANY theglobe.com, inc. (the “Company” or “theglobe”) was incorporated on May 1, 1995 On May 9, 2005, the Company exercised an option to acquire all of the outstanding capital stock of Tralliance Corporation (“Tralliance”), an entity which had been designated as the registry for the “.travel” top-level domain through an agreement with the Internet Corporation for Assigned Names and Numbers (“ICANN”). As more fully discussed in Note 3 “Discontinued Operations,” in March 2007, management and the Board of Directors of the Company made the decision to discontinue the operating, research and development activities of its VoIP telephony services business and terminate all of the remaining employees of that business. On September 29, 2008, the Company sold its Tralliance business and issued 229,000,000
Consolidation, Policy [Policy Text Block]	PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation
Use of Estimates, Policy [Policy Text Block]	USE OF ESTIMATES The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. These estimates and assumptions relate primarily to valuations of accounts payable and accrued expenses.
Prepaid Expenses [Policy Text Block]	PREPAID EXPENSES Prepaid expenses at December 31, 2016 and 2015 consist of prepaid insurance, which is amortized to expense over the policy periods
Fair Value of Financial Instruments, Policy [Policy Text Block]	FAIR VALUE OF FINANCIAL INSTRUMENTS FASB Accounting Standards Codification Topic on Fair Value Measurements and Disclosure (“ASC 820”) requires that the Company disclose estimated fair values of its financial instruments. The carrying amount of certain of the Company's financial instruments, including cash, accounts payable and accrued expenses, are a reasonable estimate of their fair values at December 31, 2016 and 2015, respectively, due to their short maturities.
Related Party Other Income [Policy Text Block]	RELATED PARTY OTHER INCOME Commensurate with the sale of its former Tralliance business on September 29, 2008, the Company entered into an Earn-out Agreement with Tralliance Registry Management, the purchaser of Tralliance’s business. Under the terms of the Earn-out Agreement, Tralliance Registry Management agreed to pay the Company an earn-out equal to 10 37,000 300,000 25,000 Due to various factors related to the collectability of Earn-out payments from Tralliance Registry Management, including the weak financial condition of Tralliance Registry Management, and the fact that such Earn-out payments were payable to theglobe over an extended period of time (originally approximately 6 ½ years), no portion of the Earn-out was included in the purchase price for the Purchase Transaction. Instead, the Company chose to recognize income related to the Earn-out on a prospective basis as and to the extent that future Earn-out payments are collected. Since inception of the Earn-out Agreement through May 2015, a total of $ 2,437,000 149,625
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	STOCK-BASED COMPENSATION The Company estimates the fair value of each stock option at the grant date by using the Black Scholes option-pricing model using the following assumptions: no dividend yield; a risk-free interest rate based on the U.S. Treasury yield in effect at the time of grant; an expected option life based on historical and expected exercise behavior; and expected volatility based on the historical volatility of the Company’s stock price, over a time period that is consistent with the expected life of the option. The portion of the value that is ultimately expected to vest is recognized as expense over the service period.
Income Tax, Policy [Policy Text Block]	The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the consolidated results of operations in the period that the tax change occurs. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.
Earnings Per Share, Policy [Policy Text Block]	NET INCOME PER COMMON SHARE The Company reports basic and diluted net income per common share in accordance with FASB ASC Topic 260, “Earnings Per Share.” Basic earnings per share is computed using the weighted average number of common shares outstanding during the period. Common equivalent shares consist of the incremental common shares issuable upon the exercise of stock options and warrants (using the treasury stock method). Common equivalent shares are excluded from the calculation if their effect is anti-dilutive. December 31, 2016 2015 Options to purchase common stock — 100,000
New Accounting Pronouncements, Policy [Policy Text Block]	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Management has determined that all recently issued accounting pronouncements will not have a material impact on the Company’s financial statements or do not apply to the Company’s operations.

ORGANIZATION AND SUMMARY OF S17

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Due to the anti-dilutive effect of potentially dilutive securities or common stock equivalents that could be issued, such securities were excluded from the diluted net income or loss calculation for all periods presented. Such potentially dilutive securities and common stock equivalents consisted of the following for the periods ended: December 31, 2016 2015 Options to purchase common stock — 100,000

ACCRUED EXPENSES AND OTHER CU18

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Accrued Liabilities [Abstract]
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	Accrued expenses and other current liabilities consisted of the following: December 31, 2016 2015 Accrued legal and audit expense $ 30,500 $ 26,000

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Debt consists of notes payables due to a related party, as summarized below: December 31, 2016 December 31, 2015 2008 Revolving Loan Notes due to a related party; due on demand $ 500,000 $ 500,000 March 2016 Promissory Note due to a related party; due on demand 50,000 — November 2016 Promissory Note due to a related party; due on demand 50,000 — 600,000 500,000

STOCK OPTION PLANS (Tables)

STOCK OPTION PLANS (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Stock option activity during the years ended December 31, 2016 and December 31, 2015 was as follows: Weighted Weighted Average Average Remaining Number of Exercise Contractual Aggregate Intrinsic Options Price Term Value Outstanding at December 31, 2015 100,000 $ 0.14 0.6 years $ — Granted — — Exercised — — Expired 100,000 0.14 Outstanding at December 31, 2016 — $ $ — Exercisable at December 31, 2016 — $ $ — Options available at December 31, 2016 — Weighted Average Weighted Remaining Number of Average Exercise Contractual Aggregate Intrinsic Options Price Term Value Outstanding at December 31, 2014 4,000,000 $ 0.12 0.3 years $ — Granted — — Exercised — — Expired 3,900,000 0.12 Outstanding at December 31, 2015 100,000 $ 0.14 0.6 years $ — Exercisable at December 31, 2015 100,000 $ 0.14 0.6 years $ — Options available at December 31, 2015 100,000

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule Of Income Tax Expense Benefit [Table Text Block]	The provision (benefit) for income taxes is summarized as follows: Year Ended December 31, 2016 2015 Continuing operations $ — $ — Discontinued operations — — $ — $ —
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The provision (benefit) for income taxes attributable to continuing operations was as follows: Year Ended December 31, 2016 2015 Current : Federal $ — $ — State — — $ — $ — Deferred: Federal $ — $ — State — — Provision for income taxes $ — $ —
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The following is a reconciliation of the federal income tax provision at the federal statutory rate to the Company’s tax provision attributable to continuing operations: Year Ended December 31, 2016 2015 Statutory federal income tax rate 34.00 % 34.00 % Change in tax rate — — Nondeductible items — — State income taxes, net of federal benefit 3.96 3.96 Change in valuation allowance (37.96) (37.96) AMT tax credit adjustment — — Other — — Effective tax rate 0.00 % 0.00 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2016 and 2015 are presented below. December 31, December 31, 2016 2015 Deferred tax assets (liabilities): Net operating loss carryforwards $ 62,959,000 $ 62,903,000 Issuance of warrants 1,447,000 1,447,000 AMT and other tax credits 352,000 352,000 Accrued expenses 335,000 244,000 Depreciation and amortization 15,000 15,000 Total gross deferred tax assets 65,108,000 64,961,000 Less: valuation allowance (65,108,000) (64,961,000) Total net deferred tax assets $ — $ —

ORGANIZATION AND SUMMARY OF S22

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options to purchase common stock	0	100,000

ORGANIZATION AND SUMMARY OF S23

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Sep. 29, 2008	Dec. 31, 2016	Dec. 31, 2015	May 31, 2015
Significant Accounting Policies [Line Items]
Entity Incorporation, Date of Incorporation		May 1, 1995
Common Stock, Shares Issued	229,000,000	441,484,838	441,484,838
Increase In Earn Out Payable By Subsidiary Each Subsequent Year	$ 25,000
Minimum Earn Out Payable By Subsidiary Year One	$ 300,000
Earn Out Payment Received		$ 2,437,000	$ 149,625
Earn Out Payable By Subsidiary Percentage	10.00%
Earn Out Agreement Period		6 years 6 months
Earn Out Payment Received On Expiry Of Earn Out Agreement				$ 37,000

LIQUIDITY AND GOING CONCERN C24

LIQUIDITY AND GOING CONCERN CONSIDERATIONS (Details Textual) - USD ($)

May 05, 2015

May 31, 2015

Sep. 30, 2008

Sep. 29, 2008

Mar. 31, 2007

Jun. 30, 2015

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2016

Dec. 31, 2008

Jun. 30, 2015

Mar. 29, 2017

Dec. 31, 2015

Liquidity And Going Concern Considerations [Line Items]

Working Capital Deficit, Net

$ 1,923,000

Total Management Service Fees

770,000

Accrued Officers Compensation

131,000

Unsecured Accounts Payable and Accrued Expenses

$ 31,000

Disputed Liabilities Of Disposal Group Accounts Payable

$ 1,000,000

Common Stock, Shares Issued

229,000,000

441,484,838

441,484,838

Cancellation Of Convertible Debt

$ 6,400,000

Earn-Out Payable By Subsidiary Percentage

10.00%

Minimum Earn-Out Payable By Subsidiary

$ 300,000

Increase In Earn-Out Payable By Subsidiary

25,000

Management Service Fees Payable, Per Month

20,000

Management Service Fees Payable, Per Annum

240,000

Accrued Liabilities, Fair Value Disclosure

$ 126,000

Earn Out Receivable

$ 37,000

Earn Out Expiry period

May 5, 2015

May 5, 2015

Notes Payable, Related Parties, Current

600,000

$ 500,000

November 2016 Promissory Note [Member]

Liquidity And Going Concern Considerations [Line Items]

Notes Payable, Related Parties, Current

50,000

Mr Egan [Member]

Liquidity And Going Concern Considerations [Line Items]

Management Service Fees Payable, Per Month

20,000

Management Service Fees Payable, Per Annum

$ 240,000

Equity Method Investment, Ownership Percentage

76.00%

Subsequent Event [Member] | Mr Egan [Member]

Liquidity And Going Concern Considerations [Line Items]

Long-term Debt

$ 50,000

Voip Telephony Service [Member]

Liquidity And Going Concern Considerations [Line Items]

Liabilities Of Disposal Group, Including Discontinued Operation, Derecognized

$ 1,354,000

Disputed Liabilities Of Disposal Group Accounts Payable

$ 33,000

Debt Instrument, Decrease, Forgiveness

$ 41,000

Tralliance [Member]

Liquidity And Going Concern Considerations [Line Items]

Disputed Liabilities Of Disposal Group Accounts Payable

170,000

$ 1,000,000

Accounts Payable Derecognized

$ 84,000

$ 296,000

Earn Out Agreement [Member]

Liquidity And Going Concern Considerations [Line Items]

Cumulative Amount Received under Earn Out Agreement Since Inception

$ 2,437,000

Revolving Loan Agreement [Member]

Liquidity And Going Concern Considerations [Line Items]

Revolving Credit Facility, Principal and Accrued Interest

$ 1,028,000

Proceeds from Lines of Credit

$ 500,000

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details Textual) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2007	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disputed Liabilities Of Disposal Group Accounts Payable	$ 1,000,000
VoIP Telephony Service [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Accrued Liabilities				$ 1,354,000
Liabilities of Disposal Group, Disputed				$ 1,000,000
Disputed Liabilities Of Disposal Group Accounts Payable			$ 33,000
Debt Instrument, Decrease, Forgiveness		$ 41,000

ACCRUED EXPENSES AND OTHER CU26

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Accrued legal and audit expense	$ 30,500	$ 26,000

DEBT (Details)

DEBT (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Short-term Debt [Line Items]
Due to Related Party	$ 600,000	$ 500,000
2008 Revolving Loan Notes [Member]
Short-term Debt [Line Items]
Due to Related Party	500,000	500,000
March 2016 Promissory Note [Member]
Short-term Debt [Line Items]
Due to Related Party	50,000	0
November 2016 Promissory Note [Member]
Short-term Debt [Line Items]
Due to Related Party	$ 50,000	$ 0

DEBT (Details Textual)

DEBT (Details Textual) - USD ($)	Nov. 07, 2016	Mar. 23, 2016	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Jun. 06, 2008
Short-term Debt [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity						$ 500,000
Line of Credit Facility, Current Borrowing Capacity						100,000
Line of Credit Facility, Remaining Borrowing Capacity						$ 400,000
Line of Credit Facility, Amount Outstanding			$ 500,000	$ 500,000
Accrued interest due to related party			427,878	427,878	$ 373,234
Related party interest expense				54,644	50,000
Notes Payable, Related Parties, Current			$ 600,000	$ 600,000	500,000
Accounts Payable, Interest-bearing, Interest Rate			10.00%	10.00%
Line of Credit Facility, Description				Under the terms of the Note Modification Agreement, from and after June 6, 2009 (the original maturity date of the Credit Line), all amounts due under the Revolving Loan Agreement, including principal and accrued interest, will be due and payable by the Company in one lump sum on the earlier of (i) five (5) business days following any demand for payment, which demand can be made by Dancing Bear at any time; or (ii) upon the occurrence of an event of default, as defined in the Revolving Loan Agreement.
November 2016 Promissory Note [Member]
Short-term Debt [Line Items]
Notes Payable, Related Parties, Current			$ 50,000	$ 50,000	0
Proceeds from Related Party Debt	$ 50,000
Interest Expense, Debt			754
2016 Promissory Note [Member]
Short-term Debt [Line Items]
Accrued interest due to related party			3,891	3,891
Proceeds from Related Party Debt		$ 50,000		100,000
Debt Instrument, Maturity Date		Sep. 22, 2016
Debt Instrument, Interest Rate, Stated Percentage		10.00%
March 2016 Promissory Note [Member]
Short-term Debt [Line Items]
Notes Payable, Related Parties, Current			$ 50,000	$ 50,000	$ 0
Debt Instrument, Maturity Date, Description			on the earlier of (i) five (5) business days following any demand for payment, which demand can be made by Dancing Bear at any time; or (ii) an event of default as defined under the promissory note.

STOCK OPTION PLANS (Details)

STOCK OPTION PLANS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share Based Compensation Stock Options Activity [Line Items]
Outstanding - Number of Options	100,000	4,000,000
Granted - Number of Options	0	0
Exercised - Number of Options	0	0
Expired - Number of Options	100,000	3,900,000
Outstanding - Number of Options	0	100,000	4,000,000
Exercisable - Number of Options	0	100,000
Options available- Number of Options	0	100,000
Outstanding-Weighted Average Exercise Price (in dollars per share)	$ 0.14	$ 0.12
Granted-Weighted Average Exercise Price (in dollars per share)	0	0
Exercised-Weighted Average Exercise Price (in dollars per share)	0	0
Expired-Weighted Average Exercise Price (in dollars per share)	$ 0.14	0.12
Outstanding-Weighted Average Exercise Price (in dollars per share)		0.14	$ 0.12
Exercisable-Weighted Average Exercise Price (in dollars per share)		$ 0.14
Outstanding-Weighted Average Remaining Contractual Term	7 months 6 days	7 months 6 days	3 months 18 days
Exercisable-Weighted Average Remaining Contractual Term		7 months 6 days
Outstanding - Aggregate Intrinsic Value (in dollars)	$ 0	$ 0
Outstanding - Aggregate Intrinsic Value (in dollars)	0	0	$ 0
Exercisable-Aggregate Intrinsic Value (in dollars)	$ 0	$ 0

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Line Items]
Continuing operations	$ 0	$ 0
Discontinued operations	0	0
Income Tax Expense (Benefit)	$ 0	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Current :
Federal	$ 0	$ 0
State	0	0
Current Income Tax Expense (Benefit)	0	0
Deferred:
Federal	0	0
State	0	0
Deferred Income Tax Expense (Benefit)
Provision for income taxes	$ 0	$ 0

INCOME TAXES (Details 2)

INCOME TAXES (Details 2)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Statutory federal income tax rate	34.00%	34.00%
Change in tax rate	0.00%	0.00%
Nondeductible items	0.00%	0.00%
State income taxes, net of federal benefit	3.96%	3.96%
Change in valuation allowance	(37.96%)	(37.96%)
AMT tax credit adjustment	0.00%	0.00%
Other	0.00%	0.00%
Effective tax rate	0.00%	0.00%

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets (liabilities):
Net operating loss carryforwards	$ 62,959,000	$ 62,903,000
Issuance of warrants	1,447,000	1,447,000
AMT and other tax credits	352,000	352,000
Accrued expenses	335,000	244,000
Depreciation and amortization	15,000	15,000
Total gross deferred tax assets	65,108,000	64,961,000
Less: valuation allowance	(65,108,000)	(64,961,000)
Total net deferred tax assets	$ 0	$ 0

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Valuation Allowance Offset Percentage	100.00%
Less: valuation allowance	$ 65,108,000	$ 64,961,000
Valuation Allowance, Deferred Tax Asset, Change in Amount	147,000	$ 78,000
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	$ 165,849,000
Operating Loss Carry Forwards Expiration Period	These carryforwards expire through 2036
Recognized Tax Benefits	$ 6,400,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)	May 05, 2015	Mar. 23, 2016	May 31, 2015	Sep. 29, 2008	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2008	Jun. 06, 2008
Related Party Transaction [Line Items]
Interest Expense, Related Party					$ 54,644	$ 50,000
Line Of Credit Facility Accrued Interest					$ 423,233	$ 373,234
Line of Credit Facility, Maximum Borrowing Capacity								$ 500,000
Line Of Credit Facility Initiation Date					Jun. 6, 2008
Common Stock, Shares, Issued				229,000,000	441,484,838	441,484,838
Line of Credit Facility, Current Borrowing Capacity								100,000
Line of Credit Facility, Remaining Borrowing Capacity								$ 400,000
Related Party Costs					$ 240,000	$ 240,000
Management Service Fees Payable, Per Month					20,000
Minimum Earn Out Payable By Subsidiary Year One				$ 300,000
Increase In Earn Out Payable By Subsidiary Each Subsequent Year				$ 25,000
Due To Related Parties, Current					130,769	130,769
Earn Out Payable By Subsidiary Percentage				10.00%
Management Service Fees Payable, Per Annum					240,000
Interest Income From Related Parties					0	149,625
Long-term Line of Credit					500,000
Earn Out Payment Received On Expiry Of Earn Out Agreement			$ 37,000
Accounts Payable, Related Parties, Current					769,570	529,570
Earn Out Expiry period	May 5, 2015		May 5, 2015
Interest Payable, Current					427,878	$ 373,234
2016 Promissory Note [Member]
Related Party Transaction [Line Items]
Proceeds from Related Party Debt		$ 50,000			100,000
Interest Payable, Current					$ 3,891
Tralliance Registry Management Company Llc [Member]
Related Party Transaction [Line Items]
Minimum Earn Out Payable By Subsidiary Year One				$ 300,000
Increase In Earn Out Payable By Subsidiary Each Subsequent Year							$ 25,000
Earn Out Payable By Subsidiary Percentage				10.00%
Debt Instrument, Decrease, Forgiveness				$ 6,400,000
Earn Out Payment Received On Expiry Of Earn Out Agreement			$ 37,000
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Accounts Payable, Related Parties, Current							105,769
Vice President [Member]
Related Party Transaction [Line Items]
Accounts Payable, Related Parties, Current							$ 25,000
Egan [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage					76.00%

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual)	1 Months Ended
	Mar. 29, 2017USD ($)
Subsequent Event [Member]
Proceeds from Related Party Debt	$ 50,000