Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Mar. 15, 2017 | Jun. 30, 2016 | |
Document Information [Line Items] | |||
Entity Registrant Name | PAYMENT DATA SYSTEMS INC | ||
Entity Central Index Key | 1,088,034 | ||
Trading Symbol | pyds | ||
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) | 11,795,939 | ||
Entity Public Float | $ 8,397,238 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2016 | ||
Document Fiscal Year Focus | 2,016 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
ASSETS | ||
Cash and cash equivalents | $ 4,120,738 | $ 4,059,606 |
Accounts receivable, net | 907,750 | 1,135,384 |
Settlement processing assets | 43,851,311 | 39,797,232 |
Prepaid expenses and other | 142,029 | 149,118 |
Note receivable | 200,000 | |
Current assets before restricted cash | 49,221,828 | 45,141,340 |
Restricted cash | 15,803,641 | 17,972,065 |
Total current assets | 65,025,469 | 63,113,405 |
Property and equipment, net | 2,494,510 | 3,077,421 |
Other assets: | ||
Intangibles, net | 172,899 | 341,816 |
Deferred tax asset | 1,621,000 | 1,621,000 |
Other assets | 200,808 | 202,849 |
Total other assets | 1,994,707 | 2,165,665 |
Total Assets | 69,514,686 | 68,356,491 |
Current Liabilities: | ||
Accounts payable | 145,044 | 143,180 |
Accrued expenses | 703,322 | 1,328,738 |
Settlement processing obligations | 43,851,311 | 39,797,232 |
Current liabilities before restricted cash | 44,699,677 | 41,269,150 |
Restricted cash | 15,803,641 | 17,972,065 |
Total current liabilities | 60,503,318 | 59,241,215 |
Stockholders' Equity: | ||
Preferred stock, $0.01 par value, 10,000,000 shares authorized; -0- shares outstanding in 2016 and 2015 | 0 | 0 |
Common stock, $0.001 par value, 200,000,000 shares authorized; 12,392,288 and 12,379,537 issued and 11,795,939 and 12,029,905 outstanding in 2016 and 2015 (see Note 10) | 181,818 | 185,533 |
Additional paid-in capital | 63,881,365 | 64,302,498 |
Treasury stock, at cost; 596,349 and 349,632 shares in 2016 and 2015 (see Note 10) | (718,149) | (286,394) |
Deferred compensation | (4,082,025) | (6,031,362) |
Accumulated deficit | (50,251,641) | (49,054,999) |
Total stockholders' equity | 9,011,368 | 9,115,276 |
Total Liabilities and Stockholders' Equity | $ 69,514,686 | $ 68,356,491 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Dec. 31, 2016 | Dec. 31, 2015 |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized (in shares) | 10,000,000 | 10,000,000 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 200,000,000 | 200,000,000 |
Common stock, shares issued (in shares) | 12,392,288 | 12,379,537 |
Common stock, shares outstanding (in shares) | 11,795,939 | 12,029,905 |
Treasury stock (in shares) | 596,349 | 349,632 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Revenues | $ 12,076,358 | $ 14,380,459 |
Operating expenses: | ||
Cost of services | 8,293,354 | 9,417,334 |
Selling, general and administrative: | ||
Non-cash stock based compensation | 1,314,778 | 1,275,130 |
Cancellation of stock based compensation | (261,208) | (163,936) |
Other expenses | 3,188,407 | 2,408,686 |
Depreciation and amortization | 901,600 | 496,368 |
Total operating expenses | 13,436,931 | 13,433,582 |
Operating income (loss) | (1,360,573) | 946,877 |
Other income: | ||
Interest income | 97,322 | 79,005 |
Other income (expense) | 99,277 | 65,490 |
Other income (expense), net | 196,599 | 144,495 |
Income (loss) before income taxes | (1,163,974) | 1,091,372 |
Income taxes (benefit) expense | 32,668 | 75,285 |
Net Income (Loss) | $ (1,196,642) | $ 1,016,088 |
Earnings (Loss) Per Share | ||
Basic earnings (loss) per common share: (in dollars per share) | $ (0.15) | $ 0.14 |
Diluted earnings (loss) per common share: (in dollars per share) | $ (0.15) | $ 0.08 |
Weighted average common shares outstanding (see Note 11) | ||
Basic (in shares) | 7,838,197 | 7,389,177 |
Diluted (in shares) | 7,838,197 | 11,988,180 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Stockholders' Equity - USD ($) | Plans Other than Equity Incentive Plan [Member]Common Stock [Member] | Plans Other than Equity Incentive Plan [Member]Additional Paid-in Capital [Member] | Plans Other than Equity Incentive Plan [Member]Treasury Stock [Member] | Plans Other than Equity Incentive Plan [Member]Deferred Compensation, Share-based Payments [Member] | Plans Other than Equity Incentive Plan [Member]Retained Earnings [Member] | Plans Other than Equity Incentive Plan [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Deferred Compensation, Share-based Payments [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Dec. 31, 2014 | 12,278,440 | |||||||||||
Balance at Dec. 31, 2014 | $ 184,177 | $ 62,989,131 | $ (238,157) | $ (5,839,992) | $ (50,071,087) | $ 7,024,072 | ||||||
Issuance of common stock, restricted (in shares) | 5,000 | |||||||||||
Issuance of common stock, restricted | $ 5 | 11,945 | 11,950 | |||||||||
Issuance of common stock, restricted, as deferred compensation (in shares) | 290,547 | |||||||||||
Issuance of common stock, restricted, as deferred compensation | $ 4,358 | 1,235,642 | (1,240,000) | |||||||||
Deferred compensation | $ 984,763 | $ 984,763 | ||||||||||
Issuance of common stock under equity incentive plan (in shares) | 26,946 | |||||||||||
Issuance of common stock under equity incentive plan | $ 370 | 138,449 | 138,819 | |||||||||
Stock-based compensation related to stock grant, restricted shares and equity incentive plan | 151,551 | 151,551 | ||||||||||
Purchase of treasury stock | (48,237) | (48,237) | ||||||||||
Round-up of fractional shares from reverse split (in shares) | 1,117 | |||||||||||
Round-up of fractional shares from reverse split | ||||||||||||
Stock option exercise (in shares) | 167 | |||||||||||
Stock option exercise | $ 3 | 203 | 206 | |||||||||
Reversal of deferred compensation that did not vest (in shares) | (222,680) | |||||||||||
Reversal of deferred compensation amortization that did not vest | $ (3,380) | $ (224,423) | $ 63,867 | $ (163,936) | ||||||||
Net income (loss) | 1,016,088 | 1,016,088 | ||||||||||
Balance (in shares) at Dec. 31, 2015 | 12,379,537 | |||||||||||
Balance at Dec. 31, 2015 | $ 185,533 | 64,302,498 | (286,394) | (6,031,362) | (49,054,999) | 9,115,276 | ||||||
Issuance of common stock, restricted (in shares) | 30,000 | |||||||||||
Issuance of common stock, restricted | $ 30 | 51,670 | 51,700 | |||||||||
Issuance of common stock, restricted, as deferred compensation (in shares) | 167,153 | |||||||||||
Issuance of common stock, restricted, as deferred compensation | $ 168 | 419,053 | 419,221 | |||||||||
Deferred compensation | 914,902 | 914,902 | ||||||||||
Issuance of common stock under equity incentive plan (in shares) | 82,265 | |||||||||||
Issuance of common stock under equity incentive plan | $ 87 | 329,019 | 70,768 | 399,874 | ||||||||
Purchase of treasury stock | (431,755) | (431,705) | ||||||||||
Reversal of deferred compensation that did not vest (in shares) | (266,667) | |||||||||||
Reversal of deferred compensation amortization that did not vest | $ (4,000) | (1,220,875) | 963,667 | (261,208) | ||||||||
Net income (loss) | (1,196,642) | (1,196,642) | ||||||||||
Balance (in shares) at Dec. 31, 2016 | 12,392,288 | |||||||||||
Balance at Dec. 31, 2016 | $ 181,818 | $ 63,881,365 | $ (718,149) | $ (4,082,025) | $ (50,251,641) | $ 9,011,368 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Operating Activities | ||
Net income (loss) | $ (1,196,642) | $ 1,016,088 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Depreciation | 738,461 | 466,606 |
Amortization | 163,139 | 29,762 |
Goodwill | 5,777 | |
Non-cash stock based compensation | 1,314,778 | 1,275,130 |
Cancellation of stock based compensation | (261,208) | (163,936) |
Issuance of stock to consultant | 51,700 | |
Changes in operating assets and liabilities: | ||
Accounts receivable | 227,634 | (98,174) |
Prepaid expenses and other | 7,089 | (19,860) |
Other assets | 2,041 | 1,263 |
Accounts payable and accrued expenses | (623,552) | (416,920) |
Net cash provided by operating activities | 848,438 | 2,089,959 |
Investing Activities | ||
Purchases of property and equipment | (155,551) | (785,571) |
Note receivable | (200,000) | |
Net cash (used) by investing activities | (355,551) | (785,571) |
Financing Activities | ||
Purchases of treasury stock | (431,755) | (48,237) |
Net cash (used) by financing activities | (431,755) | (48,237) |
Change in cash and cash equivalents | 61,132 | 1,256,151 |
Cash and cash equivalents, beginning of year | 4,059,606 | 2,803,455 |
Cash and Cash Equivalents, End of Year | 4,120,738 | 4,059,606 |
Supplemental Disclosures | ||
Cash paid for interest | ||
Cash paid for income taxes | 48,164 | 32,369 |
Akimbo [Member] | ||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Issuance of stock to Akimbo to settle Indemnification liability | $ 419,221 |
Note 1 - Description of Busines
Note 1 - Description of Business and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Business Description and Accounting Policies [Text Block] | Note 1. Organization: Principles of Consolidation and Basis of Presentation: Use of Estimates: Revenue Recognition: 605 45 45 may may third Cash and Cash Equivalents 90 Settlement Processing Assets and Obligations Restricted Cash may may third may may may 90 180 Accounts Receivable/Allowance for Estimated Losses: $26,556 $35,033 December 31, 2016 2015, We maintain an allowance for doubtful accounts for estimated losses resulting from the inability or failure of our customers to make required payments. We determine the allowance based on an account-by-account review, taking into consideration such factors as the age of the outstanding balance, historical pattern of collections and financial condition of the customer. Past losses incurred by us due to bad debts have been within our expectations. If the financial conditions of our customers were to deteriorate, resulting in an impairment of their ability to make contractual payments, additional allowances might be required. Estimates for bad debt losses are variable based on the volume of transactions processed and could increase or decrease accordingly. The Company normally does not charge interest on accounts receivable. Property and Equipment three ten Accounting for Internal Use Software: Concentration of Credit Risk: ($250,000). 10% 2016 2015. Fair Value of Financial Instruments Impairment of Long-Lived Assets and Intangible Assets may Reserve for Processing Losses: one may may December 31, 2016 2015, $172,832 $248,868, Advertising Costs: $46,329 $14,178 2016 2015, Income Taxes 15 As with all businesses, the Company’s tax returns are subject to periodic examination. The Company’s federal returns for the past four We have approximately $40.2 $1.6 6 June 30, 2017, may On November 20, 2015, 2015 17, Income Taxes (Topic 740): December 31, 2015 $773,000 Stock-Based Compensation 401(k) “401(k) 401(k) may 401(k) may 1% 15% 401(k) 2016, 100% 3% 50% 3% 5%. $52,905 $49,636 2016 2015, Earnings (Loss) Per Share New Accounting Pronouncement: May 2014, ASU 2014 09 “Revenue from Contracts with Customers (Topic 606) March 2016, ASU 2016 08 five December 15, 2017, first 2018. In February 2016, Leases (Topic 842), 12 December 15, 2018, |
Note 2 - Note Receivable
Note 2 - Note Receivable | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 2. On February 2, 2016, C2Go, $200,000 C2Go 10% 18 C2Go’s first C2Go. C2Go Upon maturity of the debt, C2Go 5% C2Go Upon an event of default the interest rate under the loan and security agreement will rise to 18% December 31, 2016, not |
Note 3 - Property and Equipment
Note 3 - Property and Equipment | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | Note 3. Property and equipment consisted of the following at December 31: 2016 2015 Software $ 3,692,474 $ 3,549,968 Equipment 812,049 799,005 Furniture and fixtures 214,450 214,450 Leasehold improvements 25,353 25,353 Total property and equipment 4,744,326 4,588,776 Less: accumulated depreciation (2,249,816 ) (1,511,355 ) Net property and equipment $ 2,494,510 $ 3,077,421 The estimated useful life for $2,585,385 10 5 4 th 2015. 2016 one 2015 |
Note 4 - Intangibles
Note 4 - Intangibles | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | Note 4. Intangibles consist of the customer list and contracts of $396,824 $9,759 2014. 36 January 2015 3 $ 132,275 Goodwill was determined based on the purchase price paid over the assets acquired and has an indefinite life, which is tested for impairment annually. |
Note 5 - Valuation Accounts
Note 5 - Valuation Accounts | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Allowance for Credit Losses [Text Block] | Note 5. Valuation and allowance accounts included the following at December 31: Balance Net Charged to Transfers Net Write-Off Balance End of 2016 Allowance for doubtful accounts $ 35,033 $ - $ - $ (8,477 ) $ 26,556 Reserve for processing losses 248,868 - - (76,036 ) 172,832 2015 Allowance for doubtful accounts $ 45,663 $ - $ - $ (10,630 ) $ 35,033 Reserve for processing losses 272,365 - - (23,497 ) 248,868 |
Note 6 - Accrued Expenses
Note 6 - Accrued Expenses | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block] | Note 6. Accrued expenses consisted of the following balances at December 31: 2016 2015 Indemnification liability $ - $ 450,000 Accrued commissions 221,837 440,232 Reserve for merchant losses 172,832 248,868 Other accrued expenses 192,769 112,414 Accrued taxes 38,469 54,077 Accrued salaries 77,415 23,147 Total accrued expenses $ 703,322 $ 1,328,738 |
Note 7 - Operating Leases
Note 7 - Operating Leases | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Leases of Lessee Disclosure [Text Block] | Note 7. The Company leases approximately 7,200 $158,200 $142,000 December 31, 2016 2015, April 30, 2018. The Company also leases select computer equipment over a 36 May, 2016. April, 2019. $45,500 December 31, 2016. Year ending December 31 2017 $ 231,100 2018 125,400 2019 28,000 |
Note 8 - Related Party Transact
Note 8 - Related Party Transactions | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | Note 8. Nikole Killough During the year ended December 31, 2016 2015, $2,250 $857, 50% Miguel Chapa During the year ended December 31, 2016 2015, $51,500 $20,901 On December 27, 2016, 246,717 December 27, 2016 $431,755. |
Note 9 - Income Taxes
Note 9 - Income Taxes | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 9. Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows at December 31 2016 2015 Deferred tax assets: Net operating loss carryforwards $ 13,676,000 $ 13,500,000 Depreciation 313,000 90,000 Non-cash compensation 279,000 370,000 Other 23,000 - Valuation Allowance (12,670,000 ) (12,339,000 ) Deferred tax asset $ 1,621,000 $ 1,621,000 Management has reviewed its net deferred asset position, and due to the history of operating losses has determined that the application of a valuation allowance at December 31, 2016 December 31, 2015 December 31, 2016, The Company has net operating loss carryforwards for tax purposes of approximately $40.2 2020. $0.1 382 1999. The tax provision for federal and state income tax is as follows for the year ended December 31: 2016 2015 Current provision: Federal $ - $ 32,369 State 32,668 42,916 32,668 75,285 Deferred provision: Federal (benefit) - - (Benefit) expense for income taxes $ 32,668 $ 75,285 The reconciliation of federal income tax computed at the U.S. federal statutory tax rates to total income tax expense (benefit) is as follows for the year ended December 31: 2016 2015 Income tax expense (benefit) at 34% $ (407,000) $ 361,000 Change in valuation allowance 331,000 93,000 Permanent and other differences 76,000 (454,000 ) Alternative minimum tax and Texas margin tax 32,668 75,285 Income tax expense (benefit) $ 32,668 $ 75,285 |
Note 10 - Stock Options, Incent
Note 10 - Stock Options, Incentive Plans, Stock Awards, and Employee Benefit Plan | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Shareholders' Equity and Share-based Payments [Text Block] | Note 10. Stock Option Plans The Company’s 2015 422 5,000,000 1 15 July 23, 2015) 2015 2015 2025. 2015 first January 1, 2016, 5% 2016, 133,334 2015, 117,666 66,666 51,000 Treasury Stock 2016, 246,717 $431,705 December 27, 2016. Stock Awards: 2005 2015. 10 The Company entered into two 2016 66,667 2015 22,223 January 1, 2017. two 22,222 January 1, 2018, 22,222 January 1, 2019. one January 1, 2018 January 1, 2019 January 6, 2017. The Company also had an employment agreement that granted 266,667 2015 March 2, 2025 December 31, 2016. The Company entered into one 33,333 2015 2015 11,112 April 24, 2015 11,112 January 1, 2016. 11,109 January 1, 2017 2016. During 2016 2016. $1,314,778 2016 $1,275,130 2015. December 31, 2016. 1 15 July 23, 2015. Stock Awards Shares Weighted Average Weighted Average Aggregate Intrinsic Outstanding, December 31, 2015 4,324,102 $ 1.98 Granted - - Vested 696,159 - Forfeited 266,667 - Outstanding, December 31, 2016 3,361,276 $ 1.85 4.17 $ - Expected to Vest after December 31, 2016 3,361,276 $ 1.85 4.17 $ - As of December 31, 2016, $4,082,025 4.17 The aggregate intrinsic value represents the difference between the weighted average exercise price and the closing price of the Company’s stock on December 31, 2016, $1.85. Employee Stock Purchase Plan 1999 423 may 85% 0 2016 2015, Stock Warrants: December 31, 2016 December 31, 2015. |
Note 11 - Earnings (Loss) Per S
Note 11 - Earnings (Loss) Per Share | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 11. Basic earnings (loss) per share (EPS) were computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted EPS differs from basic EPS due to the assumed conversion of potentially dilutive options that were outstanding during the period. The following is a reconciliation of the numerators and the denominators of the basic and diluted per share computations for net income (loss). Share numbers have been adjusted for the 1 15 July 23, 2015. 2016 2015 Numerator: Numerator for basic and diluted earnings per share, net income (loss) available to common shareholders $ (1,196,642 ) $ 1,016,088 Denominator: Denominator for basic earnings per share, weighted average shares outstanding 7,838,197 7,389,177 Effect of dilutive securities-stock options and restricted awards - 4,599,003 Denominator for diluted earnings per share, adjusted weighted average shares and assumed conversion 7,838,197 11,988,180 Basic earnings (loss) per common share $ (0.15 ) $ 0.14 Diluted earnings (loss) per common share and common share equivalent $ (0.15 ) $ 0.08 The awards and options to purchase shares of common stock that were outstanding at December 31, 2016 2015 Year Ended 2016 2015 Anti-dilutive awards and options 3,361,276 - |
Note 12 - Reverse Stock Split
Note 12 - Reverse Stock Split | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Reverse Stock Split [Text Block] | Note 12. On July 23, 2015, 1 15 200,000,000 $0.001 10,000,000 $0.01 |
Note 13 - Concentration of Cred
Note 13 - Concentration of Credit Risk and Significant Customers | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | Note 13. The Company has no significant off-balance sheet or concentrations of credit risk such as foreign exchange contracts, option contracts or other foreign hedging arrangements. The Company currently maintains the majority of its Cash and cash equivalent balance with one |
Note 14 - Legal Proceedings
Note 14 - Legal Proceedings | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Legal Matters and Contingencies [Text Block] | Note 14. The Company was involved in a lawsuit with a customer that alleged it did not warn or stop the processing of $181,709 March 24, 2016, March 28, 2016, April 4, 2016. On April 26, 2016, 2013 2014. July 2016, January 2017, On March 1, 2016, July 5, 2016, $97,493 The Company believes the claims are without merit and it is unlikely that a loss will be incurred; therefore the Company has not accrued for a potential loss. However, the outcomes of the disputes are still uncertain and it is possible the Company may Aside from the lawsuits described above, the Company may |
Note 15 - Subsequent Events
Note 15 - Subsequent Events | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 15. On March 7, 2017, $500,000 May 31, 2017, ten 15% November 1, 2019. If the Singular Payments acquisition closes before interest accrues any unpaid principal amount will be offset against the cash portion of the purchase price. If the acquisition does not close on or before interest accrues, any unpaid principal amount plus interest will have to be paid in 30 may The line of credit is secured by a security agreement of the same date granting a first 100% |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Organization [Policy Text Block] | Organization: |
Basis of Accounting, Policy [Policy Text Block] | Principles of Consolidation and Basis of Presentation: |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates: |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition: 605 45 45 may may third |
Cash and Cash Equivalents, Unrestricted Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents 90 |
Credit Card Origination Costs, Policy [Policy Text Block] | Settlement Processing Assets and Obligations |
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] | Restricted Cash may may third may may may 90 180 |
Receivables, Policy [Policy Text Block] | Accounts Receivable/Allowance for Estimated Losses: $26,556 $35,033 December 31, 2016 2015, We maintain an allowance for doubtful accounts for estimated losses resulting from the inability or failure of our customers to make required payments. We determine the allowance based on an account-by-account review, taking into consideration such factors as the age of the outstanding balance, historical pattern of collections and financial condition of the customer. Past losses incurred by us due to bad debts have been within our expectations. If the financial conditions of our customers were to deteriorate, resulting in an impairment of their ability to make contractual payments, additional allowances might be required. Estimates for bad debt losses are variable based on the volume of transactions processed and could increase or decrease accordingly. The Company normally does not charge interest on accounts receivable. |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment three ten |
Internal Use Software, Policy [Policy Text Block] | Accounting for Internal Use Software: |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk: ($250,000). 10% 2016 2015. |
Fair Value Measurement, Policy [Policy Text Block] | Fair Value of Financial Instruments |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Impairment of Long-Lived Assets and Intangible Assets may |
Contingent Liability Reserve Estimate, Policy [Policy Text Block] | Reserve for Processing Losses: one may may December 31, 2016 2015, $172,832 $248,868, |
Advertising Costs, Policy [Policy Text Block] | Advertising Costs: $46,329 $14,178 2016 2015, |
Income Tax, Policy [Policy Text Block] | Income Taxes 15 As with all businesses, the Company’s tax returns are subject to periodic examination. The Company’s federal returns for the past four We have approximately $40.2 $1.6 6 June 30, 2017, may On November 20, 2015, 2015 17, Income Taxes (Topic 740): December 31, 2015 $773,000 |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-Based Compensation |
Pension and Other Postretirement Plans, Nonpension Benefits, Policy [Policy Text Block] | 401(k) “401(k) 401(k) may 401(k) may 1% 15% 401(k) 2016, 100% 3% 50% 3% 5%. $52,905 $49,636 2016 2015, |
Earnings Per Share, Policy [Policy Text Block] | Earnings (Loss) Per Share |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncement: May 2014, ASU 2014 09 “Revenue from Contracts with Customers (Topic 606) March 2016, ASU 2016 08 five December 15, 2017, first 2018. In February 2016, Leases (Topic 842), 12 December 15, 2018, |
Note 3 - Property and Equipme23
Note 3 - Property and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | 2016 2015 Software $ 3,692,474 $ 3,549,968 Equipment 812,049 799,005 Furniture and fixtures 214,450 214,450 Leasehold improvements 25,353 25,353 Total property and equipment 4,744,326 4,588,776 Less: accumulated depreciation (2,249,816 ) (1,511,355 ) Net property and equipment $ 2,494,510 $ 3,077,421 |
Note 5 - Valuation Accounts (Ta
Note 5 - Valuation Accounts (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Summary of Valuation Allowance [Table Text Block] | Balance Net Charged to Transfers Net Write-Off Balance End of 2016 Allowance for doubtful accounts $ 35,033 $ - $ - $ (8,477 ) $ 26,556 Reserve for processing losses 248,868 - - (76,036 ) 172,832 2015 Allowance for doubtful accounts $ 45,663 $ - $ - $ (10,630 ) $ 35,033 Reserve for processing losses 272,365 - - (23,497 ) 248,868 |
Note 6 - Accrued Expenses (Tabl
Note 6 - Accrued Expenses (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | 2016 2015 Indemnification liability $ - $ 450,000 Accrued commissions 221,837 440,232 Reserve for merchant losses 172,832 248,868 Other accrued expenses 192,769 112,414 Accrued taxes 38,469 54,077 Accrued salaries 77,415 23,147 Total accrued expenses $ 703,322 $ 1,328,738 |
Note 7 - Operating Leases (Tabl
Note 7 - Operating Leases (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Year ending December 31 2017 $ 231,100 2018 125,400 2019 28,000 |
Note 9 - Income Taxes (Tables)
Note 9 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 2016 2015 Deferred tax assets: Net operating loss carryforwards $ 13,676,000 $ 13,500,000 Depreciation 313,000 90,000 Non-cash compensation 279,000 370,000 Other 23,000 - Valuation Allowance (12,670,000 ) (12,339,000 ) Deferred tax asset $ 1,621,000 $ 1,621,000 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | 2016 2015 Current provision: Federal $ - $ 32,369 State 32,668 42,916 32,668 75,285 Deferred provision: Federal (benefit) - - (Benefit) expense for income taxes $ 32,668 $ 75,285 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 2016 2015 Income tax expense (benefit) at 34% $ (407,000) $ 361,000 Change in valuation allowance 331,000 93,000 Permanent and other differences 76,000 (454,000 ) Alternative minimum tax and Texas margin tax 32,668 75,285 Income tax expense (benefit) $ 32,668 $ 75,285 |
Note 10 - Stock Options, Ince28
Note 10 - Stock Options, Incentive Plans, Stock Awards, and Employee Benefit Plan (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | Stock Awards Shares Weighted Average Weighted Average Aggregate Intrinsic Outstanding, December 31, 2015 4,324,102 $ 1.98 Granted - - Vested 696,159 - Forfeited 266,667 - Outstanding, December 31, 2016 3,361,276 $ 1.85 4.17 $ - Expected to Vest after December 31, 2016 3,361,276 $ 1.85 4.17 $ - |
Note 11 - Earnings (Loss) Per29
Note 11 - Earnings (Loss) Per Share (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | 2016 2015 Numerator: Numerator for basic and diluted earnings per share, net income (loss) available to common shareholders $ (1,196,642 ) $ 1,016,088 Denominator: Denominator for basic earnings per share, weighted average shares outstanding 7,838,197 7,389,177 Effect of dilutive securities-stock options and restricted awards - 4,599,003 Denominator for diluted earnings per share, adjusted weighted average shares and assumed conversion 7,838,197 11,988,180 Basic earnings (loss) per common share $ (0.15 ) $ 0.14 Diluted earnings (loss) per common share and common share equivalent $ (0.15 ) $ 0.08 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | Year Ended 2016 2015 Anti-dilutive awards and options 3,361,276 - |
Note 1 - Description of Busin30
Note 1 - Description of Business and Summary of Significant Accounting Policies (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Allowance for Doubtful Accounts Receivable, Current | $ 26,556 | $ 35,033 |
Cash, FDIC Insured Amount | 250,000 | |
Valuation Allowances and Reserves, Balance | 172,832 | 248,868 |
Advertising Expense | 46,329 | 14,178 |
Operating Loss Carryforwards | 40,200,000 | |
Deferred Tax Assets, Net, Noncurrent | 1,621,000 | 1,621,000 |
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 52,905 | 49,636 |
First 3% Matched [Member] | ||
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 100.00% | |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 3.00% | |
Over 3% Matched [Member] | ||
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 50.00% | |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 3.00% | |
Maximum Matched [Member] | ||
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 5.00% | |
Reclassification from Current Deferred Tax Assets to Noncurrent Deferred Tax Assets [Member] | Year Ended December 31, 2014 [Member] | ||
Prior Period Reclassification Adjustment | $ 773,000 | |
Akimbo [Member] | ||
Goodwill Amortization Period | 15 years | |
Minimum [Member] | ||
Property, Plant and Equipment, Useful Life | 3 years | |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 1.00% | |
Maximum [Member] | ||
Property, Plant and Equipment, Useful Life | 10 years | |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 15.00% |
Note 2 - Note Receivable (Detai
Note 2 - Note Receivable (Details Textual) - USD ($) | Feb. 02, 2016 | Dec. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Net | $ 200,000 | ||
C2Go Loan [Member] | |||
Financing Receivable, Net | $ 200,000 | ||
Notes Receivable, Stated Interest Rate | 10.00% | ||
Notes Receivable, Term | 1 year 180 days | ||
Notes Receivable Repayment, Shares of Payee Issued to Company, Percent | 5.00% | ||
Notes Receivable, Interest Rate in Event of Default | 18.00% | ||
Loans and Leases Receivable, Allowance | $ 0 |
Note 3 - Property and Equipme32
Note 3 - Property and Equipment (Details Textual) - Software and Software Development Costs [Member] - Akimbo [Member] - USD ($) | Dec. 22, 2014 | Dec. 31, 2015 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | $ 2,585,385 | |
Property, Plant and Equipment, Useful Life | 10 years | 5 years |
Note 3 - Property and Equipme33
Note 3 - Property and Equipment - Property and Equipment, Net (Details) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Property and equipment | $ 4,744,326 | $ 4,588,776 |
Less: accumulated depreciation | (2,249,816) | (1,511,355) |
Net property and equipment | 2,494,510 | 3,077,421 |
Software and Software Development Costs [Member] | ||
Property and equipment | 3,692,474 | 3,549,968 |
Equipment [Member] | ||
Property and equipment | 812,049 | 799,005 |
Furniture and Fixtures [Member] | ||
Property and equipment | 214,450 | 214,450 |
Leasehold Improvements [Member] | ||
Property and equipment | $ 25,353 | $ 25,353 |
Note 4 - Intangibles (Details T
Note 4 - Intangibles (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Finite-Lived Intangible Assets, Net | $ 172,899 | $ 341,816 |
Finite-Lived Intangible Asset, Useful Life | 3 years | |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | 132,275 | |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 132,275 | |
Finite-Lived Intangible Assets, Amortization Expense, Year Three | $ 132,275 | |
Akimbo [Member] | ||
Goodwill | $ 9,759 | |
Customer List and Contracts [Member] | ||
Finite-Lived Intangible Assets, Net | $ 396,824 |
Note 5 - Valuation Accounts - V
Note 5 - Valuation Accounts - Valuation and Allowance Accounts (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Balance Beginning of Year | $ 248,868 | |
Balance End of Year | 172,832 | $ 248,868 |
Allowance for Doubtful Accounts [Member] | ||
Balance Beginning of Year | 35,033 | 45,663 |
Net Charged to Costs and Expenses | ||
Transfers | ||
Net Write-Off | (8,477) | (10,630) |
Balance End of Year | 26,556 | 35,033 |
Legal Reserve [Member] | ||
Balance Beginning of Year | 248,868 | 272,365 |
Net Charged to Costs and Expenses | ||
Transfers | ||
Net Write-Off | (76,036) | (23,497) |
Balance End of Year | $ 172,832 | $ 248,868 |
Note 6 - Accrued Expenses - Acc
Note 6 - Accrued Expenses - Accrued Expenses (Details) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Indemnification liability | $ 450,000 | |
Accrued commissions | 221,837 | 440,232 |
Reserve for merchant losses | 172,832 | 248,868 |
Other accrued expenses | 192,769 | 112,414 |
Accrued taxes | 38,469 | 54,077 |
Accrued salaries | 77,415 | 23,147 |
Total accrued expenses | $ 703,322 | $ 1,328,738 |
Note 7 - Operating Leases (Deta
Note 7 - Operating Leases (Details Textual) | 12 Months Ended | |
Dec. 31, 2016USD ($)ft² | Dec. 31, 2015USD ($) | |
Office Space, Executive Offices and Operations [Member] | ||
Operating Leases, Area Leased | ft² | 7,200 | |
Operating Leases, Rent Expense, Net | $ 158,200 | $ 142,000 |
Lease of Select Computer Equipment [Member] | ||
Operating Leases, Rent Expense, Net | $ 45,500 | |
Lessor Leasing Arrangements, Operating Leases, Term of Contract | 3 years |
Note 7 - Operating Leases - Fut
Note 7 - Operating Leases - Future Minimum Lease Payments (Details) | Dec. 31, 2016USD ($) |
2,017 | $ 231,100 |
2,018 | 125,400 |
2,019 | $ 28,000 |
Note 8 - Related Party Transa39
Note 8 - Related Party Transactions (Details Textual) - USD ($) | Dec. 27, 2016 | Dec. 31, 2016 | Dec. 31, 2015 |
Treasury Stock, Shares, Acquired | 246,717 | 246,717 | |
Treasury Stock, Value, Acquired, Cost Method | $ 431,755 | $ 431,705 | $ 48,237 |
Angry Pug Sportswear [Member] | |||
Related Party Transaction, Purchases from Related Party | 2,250 | 857 | |
Club Rio Maroc Bar, Lush Rooftop, and Nirvana Bar and Rock [Member] | |||
Revenue from Related Parties | $ 51,500 | $ 20,901 |
Note 9 - Income Taxes (Details
Note 9 - Income Taxes (Details Textual) | Dec. 31, 2016USD ($) |
Operating Loss Carryforwards | $ 40,200,000 |
Portion Subject to an IRS Section 382 Limitation [Member] | |
Operating Loss Carryforwards | $ 100,000 |
Note 9 - Income Taxes - Deferre
Note 9 - Income Taxes - Deferred Tax Assets (Details) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Deferred tax assets: | ||
Net operating loss carryforwards | $ 13,676,000 | $ 13,500,000 |
Depreciation | 313,000 | 90,000 |
Non-cash compensation | 279,000 | 370,000 |
Other | 23,000 | |
Valuation Allowance | (12,670,000) | (12,339,000) |
Deferred tax asset | $ 1,621,000 | $ 1,621,000 |
Note 9 - Income Taxes - Provisi
Note 9 - Income Taxes - Provision for Federal and State Income Tax (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Current provision: | ||
Federal | $ 32,369 | |
State | 32,668 | 42,916 |
Current tax provision | 32,668 | 75,285 |
Deferred provision: | ||
Federal (benefit) | ||
(Benefit) expense for income taxes | $ 32,668 | $ 75,285 |
Note 9 - Income Taxes - Reconci
Note 9 - Income Taxes - Reconciliation of Federal Income Tax (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Income tax expense (benefit) at 34% | $ (407,000) | $ 361,000 |
Change in valuation allowance | 331,000 | 93,000 |
Permanent and other differences | 76,000 | (454,000) |
Alternative minimum tax and Texas margin tax | 32,668 | 75,285 |
(Benefit) expense for income taxes | $ 32,668 | $ 75,285 |
Note 9 - Income Taxes - Recon44
Note 9 - Income Taxes - Reconciliation of Federal Income Tax (Details) (Parentheticals) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Income tax rate | 34.00% | 34.00% |
Note 10 - Stock Options, Ince45
Note 10 - Stock Options, Incentive Plans, Stock Awards, and Employee Benefit Plan (Details Textual) | Jan. 01, 2019shares | Jan. 01, 2018shares | Jan. 01, 2017shares | Dec. 31, 2016USD ($)$ / sharesshares | Dec. 27, 2016USD ($)shares | Jan. 01, 2016shares | Jul. 23, 2015 | Apr. 24, 2015shares | Dec. 31, 2016USD ($)$ / sharesshares | Dec. 31, 2015USD ($)shares |
Treasury Stock, Shares, Acquired | 246,717 | 246,717 | ||||||||
Treasury Stock, Value, Acquired, Cost Method | $ | $ 431,755 | $ 431,705 | $ 48,237 | |||||||
Allocated Share-based Compensation Expense | $ | 1,314,778 | $ 1,275,130 | ||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ | $ 4,082,025 | $ 4,082,025 | ||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 4 years 62 days | |||||||||
Share Price | $ / shares | $ 1.85 | $ 1.85 | ||||||||
Restricted Stock [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 10 years | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 266,667 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 696,159 | |||||||||
Reverse Stock Split [Member] | ||||||||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 15 | |||||||||
Equity Incentive Plan 2025 [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 5,000,000 | 5,000,000 | ||||||||
Increase in Capital Shares Reserved for Future Issuance Per Year | 5.00% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 117,666 | |||||||||
Equity Incentive Plan 2025 [Member] | Director [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 133,334 | 66,666 | ||||||||
Equity Incentive Plan 2025 [Member] | Employees [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 51,000 | |||||||||
Equity Incentive Plan 2025 [Member] | Director 1 [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 66,667 | |||||||||
Equity Incentive Plan 2025 [Member] | Director 1 [Member] | Subsequent Event [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 22,223 | |||||||||
Equity Incentive Plan 2025 [Member] | Director 1 [Member] | Scenario, Forecast [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 22,222 | 22,222 | ||||||||
Equity Incentive Plan 2025 [Member] | Director 2 [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 66,667 | |||||||||
Equity Incentive Plan 2025 [Member] | Director 2 [Member] | Subsequent Event [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 22,223 | |||||||||
Equity Incentive Plan 2025 [Member] | Director 2 [Member] | Scenario, Forecast [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 22,222 | 22,222 | ||||||||
Employment Agreement [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 266,667 | |||||||||
Director Plan [Member] | Director 1 [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 11,112 | 11,112 | 33,333 | |||||||
Director Plan [Member] | Director 1 [Member] | Subsequent Event [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 11,109 | |||||||||
Employee Stock Purchase Plan [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 85.00% | |||||||||
Stock Issued During Period, Shares, Employee Stock Purchase Plans | 0 | 0 |
Note 10 - Stock Options, Ince46
Note 10 - Stock Options, Incentive Plans, Stock Awards, and Employee Benefit Plan - Restricted Stock Activity (Details) - Restricted Stock [Member] | 12 Months Ended |
Dec. 31, 2016USD ($)$ / sharesshares | |
Outstanding, December 31, 2015 (in shares) | shares | 4,324,102 |
Outstanding, December 31, 2015 (in dollars per share) | $ / shares | $ 1.98 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares | |
Granted (in dollars per share) | $ / shares | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares | 696,159 |
Vested (in dollars per share) | $ / shares | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | shares | 266,667 |
Forfeited (in dollars per share) | $ / shares | |
Outstanding, December 31, 2016 (in shares) | shares | 3,361,276 |
Outstanding, December 31, 2016 (in dollars per share) | $ / shares | $ 1.85 |
Outstanding, December 31, 2016 (Year) | 4 years 62 days |
Outstanding, December 31, 2016 | $ | |
Expected to Vest after December 31, 2016 (in shares) | shares | 3,361,276 |
Expected to Vest after December 31, 2016 (in dollars per share) | $ / shares | $ 1.85 |
Expected to Vest after December 31, 2016 (Year) | 4 years 62 days |
Expected to Vest after December 31, 2016 | $ |
Note 11 - Earnings (Loss) Per47
Note 11 - Earnings (Loss) Per Share (Details Textual) | Jul. 23, 2015 |
Reverse Stock Split [Member] | |
Stockholders' Equity Note, Stock Split, Conversion Ratio | 15 |
Note 11 - Earnings (Loss) Per48
Note 11 - Earnings (Loss) Per Share - Earnings Per Share Numerator and Denominator (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Numerator: | ||
Numerator for basic and diluted earnings per share, net income (loss) available to common shareholders | $ (1,196,642) | $ 1,016,088 |
Denominator: | ||
Denominator for basic earnings per share, weighted average shares outstanding (in shares) | 7,838,197 | 7,389,177 |
Effect of dilutive securities-stock options and restricted awards (in shares) | 4,599,003 | |
Denominator for diluted earnings per share, adjusted weighted average shares and assumed conversion (in shares) | 7,838,197 | 11,988,180 |
Basic earnings (loss) per common share (in dollars per share) | $ (0.15) | $ 0.14 |
Diluted earnings (loss) per common share and common share equivalent (in dollars per share) | $ (0.15) | $ 0.08 |
Note 11 - Earnings (Loss) Per49
Note 11 - Earnings (Loss) Per Share - Antidilutive Securities Excluded from Calculation of EPS (Details) - shares | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Anti-dilutive awards and options (in shares) | 3,361,276 |
Note 12 - Reverse Stock Split (
Note 12 - Reverse Stock Split (Details Textual) | Jul. 23, 2015$ / sharesshares | Dec. 31, 2016$ / sharesshares | Dec. 31, 2015$ / sharesshares |
Common Stock, Shares Authorized | shares | 200,000,000 | 200,000,000 | 200,000,000 |
Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Authorized | shares | 10,000,000 | 10,000,000 | 10,000,000 |
Preferred Stock, Par or Stated Value Per Share | $ / shares | $ 0.01 | $ 0.01 | $ 0.01 |
Reverse Stock Split [Member] | |||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 15 |
Note 14 - Legal Proceedings (De
Note 14 - Legal Proceedings (Details Textual) - USD ($) | Jul. 05, 2016 | Dec. 31, 2016 |
Shelby Systems [Member] | ||
Litigation Settlement, Amount | $ 97,493 | |
Fraudulent Credit Transactions on a Customer Account [Member] | Maximum [Member] | ||
Loss Contingency, Estimate of Possible Loss, Dismissal Amount | $ 181,709 |
Note 15 - Subsequent Events (De
Note 15 - Subsequent Events (Details Textual) - Singular Payments, LLC [Member] - Subsequent Event [Member] | Mar. 07, 2017USD ($) |
Line of Credit Facility, Maximum Borrowing Capacity | $ 500,000 |
Line of Credit Facility, Interest Rate at Period End | 10.00% |
Line of Credit Facility, Default Interest Rate | 15.00% |
Line of Credit Facility, Collateral, Membership Interest Pledge | 100.00% |