Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2014 | Mar. 20, 2015 | Jun. 30, 2014 |
Document Information [Line Items] | |||
Entity Registrant Name | TABLE TRAC INC | ||
Entity Central Index Key | 1090396 | ||
Current Fiscal Year End Date | -19 | ||
Entity Filer Category | Smaller Reporting Company | ||
Trading Symbol | TBTC | ||
Entity Common Stock, Shares Outstanding | 4,656,734 | ||
Document Type | 10-K | ||
Amendment Flag | FALSE | ||
Document Period End Date | 31-Dec-14 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2014 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Public Float | $2.40 |
BALANCE_SHEETS
BALANCE SHEETS (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
CURRENT ASSETS | ||
Cash | $1,208,201 | $1,038,288 |
Accounts receivable, net of allowance for doubtful accounts of $101,079 at December 31, 2014 and $112,054 at December 31, 2013 | 2,224,576 | 3,240,412 |
Inventory | 893,743 | 474,778 |
Prepaid expenses and other current assets | 98,607 | 146,733 |
Income taxes receivable | 16,610 | 85,551 |
TOTAL CURRENT ASSETS | 4,441,737 | 4,985,762 |
LONG-TERM ASSETS | ||
Patent, net | 3,003 | 4,367 |
Property and equipment, net | 2,138 | 10,953 |
System under rental program, net | 0 | 4,759 |
Other long-term assets | 344,816 | 428,500 |
Deferred tax asset | 19,000 | 20,000 |
Long-term accounts receivable - financed contracts | 675,683 | 904,410 |
TOTAL LONG-TERM ASSETS | 1,044,640 | 1,372,989 |
TOTAL ASSETS | 5,486,377 | 6,358,751 |
CURRENT LIABILITIES | ||
Accounts payable and accrued expenses | 217,352 | 567,051 |
Payroll liabilities | 60,726 | 35,299 |
Current portion of note payable | 0 | 8,180 |
Deferred revenue - short-term | 38,975 | 44,950 |
Income taxes payable | 109,967 | 0 |
Deferred tax liability | 766,947 | 957,747 |
TOTAL CURRENT LIABILITIES | 1,193,967 | 1,613,227 |
LONG-TERM LIABILITIES | ||
Deferred revenue - long-term | 1,090,746 | 1,536,862 |
TOTAL LIABILITIES | 2,284,713 | 3,150,089 |
STOCKHOLDERS' EQUITY | ||
Common stock, 0.001 par value; 25,000,000 shares authorized: 4,705,734 shares issued and outstanding at December 31, 2014 and 4,774,805 at December 31, 2013 | 4,706 | 4,775 |
Additional paid-in capital | 1,845,198 | 1,885,417 |
Retained earnings | 1,353,182 | 1,319,892 |
Stockholders' Equity before Treasury Stock | 3,203,086 | 3,210,084 |
Treasury stock, 1,000 shares (at cost) at December 31, 2014 and December 31, 2013 | -1,422 | -1,422 |
TOTAL STOCKHOLDERS’ EQUITY | 3,201,664 | 3,208,662 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $5,486,377 | $6,358,751 |
BALANCE_SHEETS_Parenthetical
BALANCE SHEETS (Parenthetical) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Allowance for doubtful accounts (in dollars) | $101,079 | $112,054 |
Common stock, par value (in dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 25,000,000 | 25,000,000 |
Common stock, shares issued | 4,705,734 | 4,774,805 |
Common stock, shares outstanding | 4,705,734 | 4,774,805 |
Treasury stock, shares | 1,000 | 1,000 |
STATEMENTS_OF_OPERATIONS
STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Revenues | $3,478,580 | $5,322,364 |
Cost of sales | 635,674 | 1,553,101 |
Gross profit | 2,842,906 | 3,769,263 |
Operating Expenses: | ||
Selling, general and administrative | 2,865,759 | 2,965,006 |
Income (loss) from operations | -22,853 | 804,257 |
Interest income | 63,155 | 95,561 |
Income before taxes | 40,302 | 899,818 |
Income tax expense | 7,012 | 319,455 |
Net income | $33,290 | $580,363 |
Basic earnings per common share (in dollars per share) | $0.01 | $0.12 |
Weighted-average basic shares outstanding (in shares) | 4,776,085 | 4,764,120 |
Diluted earnings per common share (in dollars per share) | $0.01 | $0.12 |
Weighted-average diluted shares outstanding (in shares) | 4,776,085 | 4,764,120 |
STATEMENTS_OF_STOCKHOLDERS_EQU
STATEMENTS OF STOCKHOLDERS' EQUITY (USD $) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Treasury Stock [Member] |
BALANCE at Dec. 31, 2012 | $2,617,724 | $4,760 | $1,874,857 | $739,529 | ($1,422) |
BALANCE (in shares) at Dec. 31, 2012 | 4,759,805 | ||||
Common stock issued to board of directors for 2014 compensation | 10,575 | 15 | 10,560 | 0 | 0 |
Common stock issued to board of directors for 2014 compensation (in shares) | 15,000 | ||||
Net Income | 580,363 | 0 | 0 | 580,363 | 0 |
BALANCE at Dec. 31, 2013 | 3,208,662 | 4,775 | 1,885,417 | 1,319,892 | -1,422 |
BALANCE (in shares) at Dec. 31, 2013 | 4,774,805 | ||||
Common stock issued to board of directors for 2014 compensation | 11,625 | 15 | 11,610 | 0 | 0 |
Common stock issued to board of directors for 2014 compensation (in shares) | 15,000 | ||||
2014 Shares Repurchased | -51,913 | -84 | -51,829 | 0 | 0 |
2014 Shares Repurchased (in shares) | -84,071 | ||||
Net Income | 33,290 | 0 | 0 | 33,290 | 0 |
BALANCE at Dec. 31, 2014 | $3,201,664 | $4,706 | $1,845,198 | $1,353,182 | ($1,422) |
BALANCE (in shares) at Dec. 31, 2014 | 4,705,734 |
STATEMENTS_OF_CASH_FLOWS
STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
OPERATING ACTIVITIES | ||
Net Income | $33,290 | $580,363 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 14,938 | 48,168 |
Deferred income taxes | -189,800 | 318,800 |
Allowance for doubtful accounts and bad debt write off | -10,975 | 551,457 |
Stock issued for services | 11,625 | 10,575 |
Changes in operating assets and liabilities: | ||
Accounts receivable | 1,255,538 | -1,017,435 |
Inventory | -418,965 | -280,126 |
Prepaid expenses and other assets | 131,810 | -83,229 |
Accounts payable and accrued expenses | -358,449 | 208,033 |
Payroll liabilities | 25,427 | 4,184 |
Deferred revenue | -452,091 | 101,610 |
Income taxes receivable / payable | 178,908 | -2,895 |
Net cash provided by operating activities | 221,256 | 439,505 |
FINANCING ACTIVITIES | ||
Payments on note payable | -8,180 | -10,907 |
Repurchase of common stock | -43,163 | 0 |
Net cash used in financing activities | -51,343 | -10,907 |
NET INCREASE IN CASH | 169,913 | 428,598 |
CASH | ||
Beginning of year | 1,038,288 | 609,690 |
End of year | 1,208,201 | 1,038,288 |
Cash (paid for) income taxes | 8,955 | 3,550 |
Non-cash investing and financing activities | ||
Repurchase of Common Stock in accrued expenses | $8,750 | $0 |
SUMMARY_OF_SIGNIFICANT_ACCOUNT
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Accounting Policies [Abstract] | ||||||||||||||
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |||||||||||||
Company | ||||||||||||||
Table Trac, Inc. (the Company) was formed under the laws of the State of Nevada in June 1995. The Company has its offices in Minnetonka, Minnesota. The Company has developed and patented a proprietary information and management system that automates and monitors the operations of casino games. | ||||||||||||||
The Company provides system sales and technical support to casinos. System sales include installation, custom casino system configuration and training. In addition, license and technical support are provided under an annual license and service contract. | ||||||||||||||
Use of Estimates | ||||||||||||||
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | ||||||||||||||
Concentrations of Risk | ||||||||||||||
Cash Deposits in Excess of Federally Insured Limits | ||||||||||||||
The Company maintains its cash balances at two financial institutions. Accounts are insured by the Federal Deposit Insurance Corporation up to $250,000. The Company had approximately $900,000 and $630,000 of uninsured cash balances at December 31, 2014 and 2013, respectively. | ||||||||||||||
Major Customers | ||||||||||||||
The following table summarizes significant customer information for the years ended December 31, 2014 and 2013: | ||||||||||||||
For the Years Ended December 31 | ||||||||||||||
2014 | 2013 | |||||||||||||
% Sales | % AR | % Sales | % AR | |||||||||||
A | 9.6 | % | 3.7 | % | 27.2 | % | 21.4 | % | ||||||
B | 15.9 | % | 11.3 | % | 0 | % | 0 | % | ||||||
C | 10.4 | % | 0.8 | % | 10.3 | % | 6.4 | % | ||||||
D | 5.9 | % | 16 | % | 2.3 | % | 13.4 | % | ||||||
All Others | 58.2 | % | 68.2 | % | 60.2 | % | 58.8 | % | ||||||
Total | 100 | % | 100 | % | 100 | % | 100 | % | ||||||
Revenue Recognition | ||||||||||||||
The Company derives revenues from the sales of systems, licenses and maintenance fees, and services. | ||||||||||||||
System Sales and Licenses | ||||||||||||||
Revenue from systems that have been demonstrated to meet customer specifications during installation is recognized when evidence of an arrangement exists, the product has been installed, title and risk of loss have transferred to the customer and collection of the resulting receivable is reasonably assured. System sales, which are accounted for as multiple-element arrangements, include multiple products and/or services. For multiple-element arrangements, the Company allocates the revenue to each element based on their relative fair estimated value based on vendor specific objective evidence (VSOE) and recognizes the associated revenue when all revenue recognition criteria have been met for each element. If there are contracts the Company does not have VSOE of fair value of all elements, revenue is deferred until the earlier of VSOE being determined or when all elements have been delivered. | ||||||||||||||
The Company does offer its customers contracts with extended payment terms. The Company must evaluate if any extended payment terms in the contract is an indicator of the revenue not being fixed or determinable. Provided all other revenue recognition criteria have been satisfied, the Company recognizes the revenue if payment of a significant portion of the systems sales is due within 12 months of the delivery of the product. The Company also analyzes its standard business practice of using long-term contracts and the history of collecting on extended payment term contracts without making concessions for determining if revenue should be recognized. Revenue and associated set-up costs are deferred if contract terms exceed historical collection results or if a substantial portion of the contract is not due within 12 months after delivery of the product. The Company analyzes each contract for proper revenue recognition based on that contract’s facts and circumstances. Interest is recorded upon receipt to “other income” on the statements of operations. | ||||||||||||||
Maintenance revenue | ||||||||||||||
Maintenance revenue is recognized ratably over the contract period. The VSOE for maintenance is based upon the renewal rate for contracted services. | ||||||||||||||
Service revenue | ||||||||||||||
Service revenue is recognized after the services are performed and collection of the resulting receivable is reasonably assured. The VSOE for service revenue is established based upon prices for the services. | ||||||||||||||
Rental revenue | ||||||||||||||
The Company offers certain new customers a rental contract. Revenues are billed monthly based on a per-game per-day basis. There is an option to purchase the system after the rental agreement at a pre-determined residual value. | ||||||||||||||
Deferred System Sales Costs | ||||||||||||||
Deferred system sales costs consist of installed system costs incurred on participation-based contracts. These costs are recognized on a straight-line basis over the term of the contract which is generally 18-105 months beginning when revenues are generated. At the end of the contract period, the customer will typically receive title to the system. These costs are included in other long-term assets on the balance sheet. | ||||||||||||||
Fair Value of Financial Instruments | ||||||||||||||
The Company’s financial instruments consist of cash, accounts receivable, accounts payable and accrued expenses. Fair value estimates are at a specific point in time, based on relevant market information about the financial instrument. These estimates are subjective in nature and matters of significant judgment and therefore cannot be determined with precision. The Company considers the carrying values of its financial instruments to approximate fair value due to their short-term nature. | ||||||||||||||
Cash and Cash Equivalents | ||||||||||||||
For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. The Company held no cash equivalents at December 31, 2014 or 2013. | ||||||||||||||
Accounts Receivable / Allowance for Doubtful Accounts | ||||||||||||||
Accounts receivable are recorded at the invoiced amount. Accounts receivable include unsecured regular customer receivables and unsecured amounts from financed contracts coming due within 12 months. Amounts from financed contracts due beyond 12 months are recorded as "Long-term accounts receivable – financed contracts." Interest is recorded upon receipt to other income on the statements of operations. An allowance for doubtful accounts is recorded when the Company believes the amounts may not be collected. Management believes that receivables, net of the allowance for doubtful accounts, are fully collectible. Accounts receivable are written off when management determines collection is no longer likely. While the ultimate result may differ, management believes that any write-off not allowed for will not have a material impact on the Company's financial position. | ||||||||||||||
Inventory | ||||||||||||||
Inventory, consisting of finished goods, is stated at the lower of cost or market. The average cost method (which appropriates the first in, first out method) is used to value inventory. Inventory is reviewed annually for the lower of cost or market and obsolescence. Any material cost found to be above market value or considered obsolete is written down accordingly. The Company had no obsolescence reserve at December 31, 2014 and 2013. | ||||||||||||||
Property and Equipment | ||||||||||||||
Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets which range from two to five years. Repair and maintenance costs are expensed as incurred; major renewals and improvements are capitalized. As items of property or equipment are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is included in operating income. | ||||||||||||||
Intangible Asset | ||||||||||||||
The Company has a patent number 5,957,776 relating to its table game management system. Expenses incurred in obtaining this patent are carried at cost and are being amortized over seventeen years using the straight-line method. Total patent costs were $23,472 with a net book value of $3,003 and $4,367 as of December 31, 2014 and 2013, respectively. The amortization expense was $1,365 for each of the years ended December 31, 2014 and 2013. Future amortization is $1,365 for the year ending 2015 and $1,638 for the year ending 2016. | ||||||||||||||
Long-lived Assets | ||||||||||||||
The Company periodically assesses the recoverability of long-lived assets and certain identifiable intangible assets by reviewing for potential impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. | ||||||||||||||
Income Taxes | ||||||||||||||
Income taxes are provided for using the liability method of accounting. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. | ||||||||||||||
The Company accounts for income taxes pursuant to Financial Accounting Standards Board guidance. This guidance prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than not (a greater than 50 percent likelihood of being realized) to be sustained upon examination by taxing authorities. The Company believes its income tax filing positions and deductions will be sustained upon examination and, accordingly, no reserves, or related accruals for interest and penalties have been recorded at December 31, 2014 and 2013. In accordance with the guidance, the Company has adopted a policy under which, if required to be recognized in the future, interest and penalties related to the underpayment of income taxes will be classified in income taxes in the statements of operations. The Company has three open years of tax returns subject to examination starting with 2011. | ||||||||||||||
Research and Development | ||||||||||||||
Expenditures for research and product development costs are expensed as incurred. Research and development expenses were $23,241 and $24,527 for the years ended December 31, 2014 and 2013, respectively, and is included in selling, general and administrative expenses on the statements of operations. | ||||||||||||||
Stock-based Compensation | ||||||||||||||
The Company recognizes the cost of stock-based compensation plans and awards in operations on a straight-line basis over the vesting period of the awards. The Company measures and recognizes compensation expense for all stock-based payment awards made to employees and directors. The compensation expense for the Company’s stock-based payments is based on estimated fair values at the time of the grant. | ||||||||||||||
The Company estimates the fair value of stock-based payment awards on the date of grant using an option pricing model. These option pricing models involve a number of assumptions, including the expected lives of stock options, the volatility of the public market price for the Company’s common stock and interest rates. Stock-based compensation expense recognized during the period is based on the value of the portion of stock-based payment awards that are ultimately expected to vest. | ||||||||||||||
There were no stock options issued during 2014 and 2013. The stock option plan expired on May 16, 2011. | ||||||||||||||
Stock-based compensation expense related to options was $0 for the years ended December 31, 2014 and 2013. The Company estimates the amount of future stock-based compensation expense related to outstanding options to be $0. | ||||||||||||||
Segment Reporting | ||||||||||||||
The Company operates as one reporting segment. | ||||||||||||||
Comprehensive Income (Loss) | ||||||||||||||
Comprehensive income (loss) includes net income (loss) and items defined as other comprehensive income (loss). Items defined as other comprehensive income (loss) include such items as foreign currency translation adjustments and unrealized gains (losses) on certain marketable securities. For the year ended December 31, 2014 and 2013, the Company had no items defined as other comprehensive income (loss). | ||||||||||||||
Basic and Diluted Earnings Per Share | ||||||||||||||
Basic earnings per share is computed by dividing net income by the weighted average shares outstanding during the reporting period. Diluted earnings per share is computed similar to basic earnings per share except that the weighted average shares outstanding are increased to include additional shares from the assumed exercise of stock options or warrants, if dilutive. The number of additional shares is calculated by assuming that outstanding stock options or warrants were exercised and that the proceeds from the exercise were used to acquire shares of common stock at the average market price during the reporting period. (See Note 8) | ||||||||||||||
Accounting Pronouncement | ||||||||||||||
In May 2014, the Financial Accounting Standards Board (FASB) issued guidance creating Accounting Standards Codification (“ASC”) Section 606, “Revenue from Contracts with Customers”. The new section will replace Section 605, “Revenue Recognition” and creates modifications to various other revenue accounting standards for specialized transactions and industries. The section is intended to conform revenue accounting principles with a concurrently issued International Financial Reporting Standards with previously differing treatment between United States practice and those of much of the rest of the world, as well as, to enhance disclosures related to disaggregated revenue information. The updated guidance is effective for annual reporting periods beginning on or after December 15, 2016, and interim periods within those annual periods. The Company will adopt the new provisions of this accounting standard at the beginning of 2017, since early adoption is not an option. The Company will further study the implications of this statement in order to evaluate the expected impact on the consolidated financial statements. | ||||||||||||||
Reclassifications | ||||||||||||||
Reclassifications to prior year presentations have been made to conform to current period classifications. There was no impact to net income or stockholders’ equity | ||||||||||||||
ACCOUNTS_RECEIVABLE
ACCOUNTS RECEIVABLE | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Receivables [Abstract] | ||||||||
Accounts Receivable [Text Block] | NOTE 2. ACCOUNTS RECEIVABLE | |||||||
Accounts receivable consisted of the following at: | ||||||||
December 31, 2014 | December 31, 2013 | |||||||
Accounts receivable under normal 30 day terms | $ | 1,406,665 | $ | 1,322,680 | ||||
Financed contracts: | ||||||||
Short-term | 22,754 | 332,209 | ||||||
Current portion of long-term | 896,236 | 1,697,577 | ||||||
Long-term, net of current portion | 675,683 | 904,410 | ||||||
Total accounts receivable | 3,001,338 | 4,256,876 | ||||||
Less allowance for doubtful accounts | -101,079 | -112,054 | ||||||
Accounts receivable, net | $ | 2,900,259 | $ | 4,144,822 | ||||
The allowance for financed and trade receivable represents management’s estimate of probable losses in our trade and financed receivables as of the date of the financial statements. The allowance provides for probable losses that have been identified with specific customer relationships and for probable losses believed to be inherent of the trade and financed receivables but have not been specifically identified. | ||||||||
Included in Accounts receivable - Financed contracts at December 31, 2014 and 2013 is $1,594,673 and $2,934,196 with an offset to deferred revenues on the balance sheet of $1,090,746 and $1,536,862 at December 31, 2014 and 2013. | ||||||||
A roll-forward of the Company’s allowance for doubtful accounts for the years ended is as follows: | ||||||||
For the Year Ended | For the Year Ended | |||||||
December 31, 2013 | December 31, 2013 | |||||||
Accounts receivable allowance, beginning of year | $ | 112,054 | $ | 663,511 | ||||
Provision adjustment during year | -10,975 | -18,315 | ||||||
Write-off | 0 | -533,142 | ||||||
Accounts receivable allowance, end of year | $ | 101,079 | $ | 112,054 | ||||
The allowance for doubtful accounts as of December 31, 2014 is $101,079 for the trade receivables and $0 for the financed contracts. The allowance for doubtful accounts as of December 31, 2013 is $112,054 for the trade receivables and $0 for the financed contracts. | ||||||||
PROPERTY_AND_EQUIPMENT
PROPERTY AND EQUIPMENT | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Property, Plant and Equipment [Abstract] | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | NOTE 3. PROPERTY AND EQUIPMENT | |||||||
Property and equipment consists of the following at: | ||||||||
December 31, 2014 | December 31, 2013 | |||||||
Office equipment | $ | 29,175 | $ | 26,990 | ||||
Vehicles | 77,374 | 77,374 | ||||||
106,549 | 104,364 | |||||||
Less: accumulated depreciation | -104,411 | -93,411 | ||||||
Property and equipment, net | $ | 2,138 | $ | 10,953 | ||||
Rental Equipment | $ | 90,044 | $ | 90,044 | ||||
Less: accumulated depreciation | -90,044 | -85,285 | ||||||
Systems under rental program, net | $ | - | $ | 4,759 | ||||
Depreciation expense totaled $13,573 and $46,803 for the years ended December 31, 2014 and 2013, respectively. | ||||||||
LONGTERM_DEBT
LONG-TERM DEBT | 12 Months Ended |
Dec. 31, 2014 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | NOTE 4. LONG-TERM DEBT |
The Company entered into a $32,720 term note agreement with Nissan Motor Acceptance Company in September 2012. The note was payable in monthly installments of $909 and is non-interest bearing. The note was secured by the vehicle, and expired in September 2014. The outstanding balance of the note was $0 and $8,180 at December 31, 2014 and 2013, respectively. | |
OPERATING_LEASES
OPERATING LEASES | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Leases, Operating [Abstract] | |||||
Operating Leases of Lessor Disclosure [Text Block] | NOTE 5. OPERATING LEASES | ||||
The Company has on corporate office space in Minnetonka, Minnesota, which expires in June 30, 2016. This lease has rent escalations from $2,727 to $3,103 per month, excluding operating expenses. Future minimum lease payments are as follows: | |||||
2015 | 36,305 | ||||
2016 | 21,719 | ||||
Total | $ | 58,024 | |||
Rent expense was $31,556 and $31,356 for the years ended December 31, 2014 and 2013, respectively. | |||||
STOCKHOLDERS_EQUITY
STOCKHOLDERS' EQUITY | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Equity [Abstract] | ||||||||||||||
Stockholders' Equity Note Disclosure [Text Block] | NOTE 6. STOCKHOLDERS’ EQUITY | |||||||||||||
Common Stock | ||||||||||||||
In June 2013, the Company issued 7,500 shares of common stock to directors at $.51 for a total director compensation expense of $3,825. The expense is for services rendered in 2013, with $3,825 total expense in 2013. | ||||||||||||||
In December 2013, the Company issued 7,500 shares of common stock to directors at $.90 for a total director compensation expense of $6,750. The expense is for services rendered in 2013, with $6,750 total expense in 2013. | ||||||||||||||
In June 2014, the Company issued 7,500 shares of common stock to directors at $.90 for a total director compensation expense of $6,750. The expense is for services rendered in 2014, with $6,750 total expense in 2014. | ||||||||||||||
In December 2014, the Company issued 7,500 shares of common stock to directors at $.65 for a total director compensation expense of $4,875. The expense is for services rendered in 2014, with $4,875 total expense in 2014. | ||||||||||||||
As of December 31, 2014, the Company holds 1,000 common stock shares in treasury at a total cost of $1,422 for future employee issuances under the bonus program which was part of the 2009 repurchase of shares. | ||||||||||||||
Stock Repurchase Program | ||||||||||||||
On December 23, 2014, the Company’s Board of Directors approved up to $100,000 for the repurchase of its outstanding shares of common stock in private unsolicited sellers paper certificate blocks (non-street name) in the open market until March 31, 2015 if not extended by the Board of Directors. Company insiders are prohibited from participating in the stock repurchase program. The Company repurchased 13,500 shares at an average price of $.71 per share through December 31, 2014. The remaining approved authorization is approximately $90,000 as of December 31, 2014. | ||||||||||||||
Subsequent to year end, the Company has repurchased 89,517 shares at an average price of $0.91 . | ||||||||||||||
Resignation of Chief Executive Officer (CEO) | ||||||||||||||
On December 15, 2014, the Company’s CEO resigned and was replaced by the CFO, Brian Hinchley, as interim CEO. As part of the resignation the Company repurchased 70,571 shares of common stock for a value of $42,343. The Company also paid severance of $50,000 as of December 31, 2014. | ||||||||||||||
Stock Options | ||||||||||||||
In October 2001, the Company implemented an Employee Stock Incentive Plan, which was approved by the shareholders at the annual meeting held in September 2001. This plan provides for the issuance of options to employees to purchase shares of the Company’s common stock at an exercise price at least equal to the fair value of the Company’s common stock at the grant date. Options may be exercisable for a period of up to six years from the date of grant. The Company has reserved 1,000,000 shares of its common stock for potential issuance under this plan. Due to expiration of the plan, there are no stock options available for grants. | ||||||||||||||
In November 2010, the Company issued 70,000 fully vested five-year employee stock options with an exercise price of $1.75 per share. | ||||||||||||||
The following is a summary of all activity involving options for the years ended December 31: | ||||||||||||||
Outstanding | Weighted Average | Aggregate | ||||||||||||
and Exercisable | Exercise Price | Remaining Term | Intrinsic | |||||||||||
Options | Value | |||||||||||||
Balance, December 31, 2012 | 60,000 | 1.75 | 3 | $ | - | |||||||||
Granted | 0 | |||||||||||||
Exercised | 0 | |||||||||||||
Cancelled | 0 | |||||||||||||
Balance, December 31, 2013 | 60,000 | 1.75 | 2 | $ | - | |||||||||
Granted | 0 | |||||||||||||
Exercised | 0 | |||||||||||||
Cancelled | 50,000 | 1.75 | ||||||||||||
Balance, December 31, 2014 | 10,000 | 1.75 | 1 | $ | - | |||||||||
The aggregate intrinsic value in the table represents the difference between the closing stock price on December 31, 2014 and 2013 and the exercise price, multiplied by the number of in-the-money options that would have been received by the option holders had all option holders exercised their options on December 31, 2014 and 2013. Total fair value of options vested during the years ended December 31, 2014 and 2013 was $0. | ||||||||||||||
The Company issues new shares when stock options are exercised. | ||||||||||||||
INCOME_TAXES
INCOME TAXES | 12 Months Ended | ||||||||||||||
Dec. 31, 2014 | |||||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||||
Income Tax Disclosure [Text Block] | NOTE 7. INCOME TAXES – | ||||||||||||||
The income tax provision consists of the following for the years ended December 31: | |||||||||||||||
2014 | 2013 | ||||||||||||||
Current tax expense (benefit) | $ | 196,812 | $ | 655 | |||||||||||
Deferred tax expense (benefit) | $ | -189,800 | 318,800 | ||||||||||||
Total income tax expense (benefit) | $ | 7,012 | $ | 319,455 | |||||||||||
The reconciliation between expected federal income tax rates and the Company’s effective federal tax rates is as follows: | |||||||||||||||
2014 | 2013 | ||||||||||||||
Amount | Percent | Amount | Percent | ||||||||||||
Expected federal tax | $ | 13,700 | 34 | % | $ | 305,900 | 34 | % | |||||||
Permanent timing differences | -7,900 | -19.6 | % | 8,900 | 1 | % | |||||||||
State income tax, net of federal tax benefit | 1,300 | 3.2 | % | 11,600 | 1.3 | % | |||||||||
Other | -88 | -0.2 | % | -6,945 | -0.8 | % | |||||||||
Total | $ | 7,012 | 17.4 | % | $ | 319,455 | 35.5 | % | |||||||
The following table summarizes the Company’s deferred tax assets and liabilities at December 31, 2014 and 2013: | |||||||||||||||
2014 | 2013 | ||||||||||||||
Current deferred tax asset (liabilities): | |||||||||||||||
Accounts payable and accrued expenses | $ | 61,000 | $ | 78,000 | |||||||||||
Accounts receivable | -1,124,000 | -1,573,000 | |||||||||||||
Allowance for doubtful accounts | 38,000 | 41,000 | |||||||||||||
Prepaid expenses | -36,000 | -54,000 | |||||||||||||
Deferred revenue | 294,053 | 427,000 | |||||||||||||
NOL - federal | 123,253 | ||||||||||||||
Net current deferred tax liability | -766,947 | -957,747 | |||||||||||||
Long-term deferred tax asset (liability): | |||||||||||||||
NOL - State | 7,000 | 10,000 | |||||||||||||
Book - Tax depreciation | 12,000 | 10,000 | |||||||||||||
Net long-term deferred tax asset (liability) | 19,000 | 20,000 | |||||||||||||
Net deferred tax liability | $ | -747,947 | $ | -937,747 | |||||||||||
The state net operating loss carryforward at December 31, 2014 is approximately $214,000 which starts expiring in 2025. An allowance for net operating loss carryforward is recorded when the Company believes the amount may not be collected or fully utilized. Management believes the net operating loss carryforward, net of the allowance, is fully collectible or fully utilized. | |||||||||||||||
EARNINGS_PER_SHARE
EARNINGS PER SHARE | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Earnings Per Share [Abstract] | ||||||||
Earnings Per Share [Text Block] | NOTE 8. EARNINGS PER SHARE | |||||||
Earnings per share is computed under two different methods, basic and diluted, and is presented for all periods in which statements of operations are presented. Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing net income by the weighted average number of shares of common stock and common stock equivalents outstanding. | ||||||||
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for years ended December 31, 2014 and 2013: | ||||||||
For the Years Ended | ||||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Basic earnings per share calculation: | ||||||||
Net income to common stockholders | $ | 33,290 | $ | 580,363 | ||||
Weighted average number of common shares outstanding | 4,776,085 | 4,764,120 | ||||||
Basic net income per share | $ | 0.01 | $ | 0.12 | ||||
Diluted earnings per share calculation: | ||||||||
Net income | $ | 33,290 | $ | 580,363 | ||||
Weighted average number of common shares outstanding | 4,776,085 | 4,764,120 | ||||||
Common stock equivalents: | ||||||||
Stock options | -1 | -2 | ||||||
Weighted average diluted shares outstanding | 4,776,085 | 4,764,120 | ||||||
Diluted net income per share | $ | 0.01 | $ | 0.12 | ||||
Stock options outstanding of (1) 10,000 and (2) 60,000 were not included in the calculation as they would have been anti-dilutive. | ||||||||
GEOGRAPHIC_CONCENTRATIONS
GEOGRAPHIC CONCENTRATIONS | 12 Months Ended |
Dec. 31, 2014 | |
Segment Reporting [Abstract] | |
Segment Reporting Disclosure [Text Block] | NOTE 9. GEOGRAPHIC CONCENTRATIONS |
The Company sells its technologies and services to casinos in the United States, the Caribbean and countries in both Central and South America. For 2014 and 2013, 88% and 93% of the Company’s revenues were from the United States, 3% and 1% from the Caribbean, 1% and 1% from Central America, and 8% and 5% from South America, respectively. For 2014 and 2013, 83% and 87% of the Company’s accounts receivable were from the United States, 3% and 1% from the Caribbean, 2% and 1% from Central America, and 12% and 11% from South America, respectively. | |
SUMMARY_OF_SIGNIFICANT_ACCOUNT1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Accounting Policies [Abstract] | ||||||||||||||
Use of Estimates, Policy [Policy Text Block] | Use of Estimates | |||||||||||||
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | ||||||||||||||
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations of Risk | |||||||||||||
Cash Deposits in Excess of Federally Insured Limits | ||||||||||||||
The Company maintains its cash balances at two financial institutions. Accounts are insured by the Federal Deposit Insurance Corporation up to $250,000. The Company had approximately $900,000 and $630,000 of uninsured cash balances at December 31, 2014 and 2013, respectively. | ||||||||||||||
Major Customers | ||||||||||||||
The following table summarizes significant customer information for the years ended December 31, 2014 and 2013: | ||||||||||||||
For the Years Ended December 31 | ||||||||||||||
2014 | 2013 | |||||||||||||
% Sales | % AR | % Sales | % AR | |||||||||||
A | 9.6 | % | 3.7 | % | 27.2 | % | 21.4 | % | ||||||
B | 15.9 | % | 11.3 | % | 0 | % | 0 | % | ||||||
C | 10.4 | % | 0.8 | % | 10.3 | % | 6.4 | % | ||||||
D | 5.9 | % | 16 | % | 2.3 | % | 13.4 | % | ||||||
All Others | 58.2 | % | 68.2 | % | 60.2 | % | 58.8 | % | ||||||
Total | 100 | % | 100 | % | 100 | % | 100 | % | ||||||
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition | |||||||||||||
The Company derives revenues from the sales of systems, licenses and maintenance fees, and services. | ||||||||||||||
System Sales and Licenses | ||||||||||||||
Revenue from systems that have been demonstrated to meet customer specifications during installation is recognized when evidence of an arrangement exists, the product has been installed, title and risk of loss have transferred to the customer and collection of the resulting receivable is reasonably assured. System sales, which are accounted for as multiple-element arrangements, include multiple products and/or services. For multiple-element arrangements, the Company allocates the revenue to each element based on their relative fair estimated value based on vendor specific objective evidence (VSOE) and recognizes the associated revenue when all revenue recognition criteria have been met for each element. If there are contracts the Company does not have VSOE of fair value of all elements, revenue is deferred until the earlier of VSOE being determined or when all elements have been delivered. | ||||||||||||||
The Company does offer its customers contracts with extended payment terms. The Company must evaluate if any extended payment terms in the contract is an indicator of the revenue not being fixed or determinable. Provided all other revenue recognition criteria have been satisfied, the Company recognizes the revenue if payment of a significant portion of the systems sales is due within 12 months of the delivery of the product. The Company also analyzes its standard business practice of using long-term contracts and the history of collecting on extended payment term contracts without making concessions for determining if revenue should be recognized. Revenue and associated set-up costs are deferred if contract terms exceed historical collection results or if a substantial portion of the contract is not due within 12 months after delivery of the product. The Company analyzes each contract for proper revenue recognition based on that contract’s facts and circumstances. Interest is recorded upon receipt to “other income” on the statements of operations. | ||||||||||||||
Maintenance revenue | ||||||||||||||
Maintenance revenue is recognized ratably over the contract period. The VSOE for maintenance is based upon the renewal rate for contracted services. | ||||||||||||||
Service revenue | ||||||||||||||
Service revenue is recognized after the services are performed and collection of the resulting receivable is reasonably assured. The VSOE for service revenue is established based upon prices for the services. | ||||||||||||||
Rental revenue | ||||||||||||||
The Company offers certain new customers a rental contract. Revenues are billed monthly based on a per-game per-day basis. There is an option to purchase the system after the rental agreement at a pre-determined residual value. | ||||||||||||||
Deferred System Sales Costs [Policy Text Block] | Deferred System Sales Costs | |||||||||||||
Deferred system sales costs consist of installed system costs incurred on participation-based contracts. These costs are recognized on a straight-line basis over the term of the contract which is generally 18-105 months beginning when revenues are generated. At the end of the contract period, the customer will typically receive title to the system. These costs are included in other long-term assets on the balance sheet. | ||||||||||||||
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments | |||||||||||||
The Company’s financial instruments consist of cash, accounts receivable, accounts payable and accrued expenses. Fair value estimates are at a specific point in time, based on relevant market information about the financial instrument. These estimates are subjective in nature and matters of significant judgment and therefore cannot be determined with precision. The Company considers the carrying values of its financial instruments to approximate fair value due to their short-term nature. | ||||||||||||||
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents | |||||||||||||
For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. The Company held no cash equivalents at December 31, 2014 or 2013. | ||||||||||||||
Trade and Other Accounts Receivable, Policy [Policy Text Block] | Accounts Receivable / Allowance for Doubtful Accounts | |||||||||||||
Accounts receivable are recorded at the invoiced amount. Accounts receivable include unsecured regular customer receivables and unsecured amounts from financed contracts coming due within 12 months. Amounts from financed contracts due beyond 12 months are recorded as "Long-term accounts receivable – financed contracts." Interest is recorded upon receipt to other income on the statements of operations. An allowance for doubtful accounts is recorded when the Company believes the amounts may not be collected. Management believes that receivables, net of the allowance for doubtful accounts, are fully collectible. Accounts receivable are written off when management determines collection is no longer likely. While the ultimate result may differ, management believes that any write-off not allowed for will not have a material impact on the Company's financial position. | ||||||||||||||
Inventory, Policy [Policy Text Block] | Inventory | |||||||||||||
Inventory, consisting of finished goods, is stated at the lower of cost or market. The average cost method (which appropriates the first in, first out method) is used to value inventory. Inventory is reviewed annually for the lower of cost or market and obsolescence. Any material cost found to be above market value or considered obsolete is written down accordingly. The Company had no obsolescence reserve at December 31, 2014 and 2013. | ||||||||||||||
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment | |||||||||||||
Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets which range from two to five years. Repair and maintenance costs are expensed as incurred; major renewals and improvements are capitalized. As items of property or equipment are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is included in operating income. | ||||||||||||||
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block] | Intangible Asset | |||||||||||||
The Company has a patent number 5,957,776 relating to its table game management system. Expenses incurred in obtaining this patent are carried at cost and are being amortized over seventeen years using the straight-line method. Total patent costs were $23,472 with a net book value of $3,003 and $4,367 as of December 31, 2014 and 2013, respectively. The amortization expense was $1,365 for each of the years ended December 31, 2014 and 2013. Future amortization is $1,365 for the year ending 2015 and $1,638 for the year ending 2016. | ||||||||||||||
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Long-lived Assets | |||||||||||||
The Company periodically assesses the recoverability of long-lived assets and certain identifiable intangible assets by reviewing for potential impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. | ||||||||||||||
Income Tax, Policy [Policy Text Block] | Income Taxes | |||||||||||||
Income taxes are provided for using the liability method of accounting. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. | ||||||||||||||
The Company accounts for income taxes pursuant to Financial Accounting Standards Board guidance. This guidance prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than not (a greater than 50 percent likelihood of being realized) to be sustained upon examination by taxing authorities. The Company believes its income tax filing positions and deductions will be sustained upon examination and, accordingly, no reserves, or related accruals for interest and penalties have been recorded at December 31, 2014 and 2013. In accordance with the guidance, the Company has adopted a policy under which, if required to be recognized in the future, interest and penalties related to the underpayment of income taxes will be classified in income taxes in the statements of operations. The Company has three open years of tax returns subject to examination starting with 2011. | ||||||||||||||
Research and Development Expense, Policy [Policy Text Block] | Research and Development | |||||||||||||
Expenditures for research and product development costs are expensed as incurred. Research and development expenses were $23,241 and $24,527 for the years ended December 31, 2014 and 2013, respectively, and is included in selling, general and administrative expenses on the statements of operations. | ||||||||||||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-based Compensation | |||||||||||||
The Company recognizes the cost of stock-based compensation plans and awards in operations on a straight-line basis over the vesting period of the awards. The Company measures and recognizes compensation expense for all stock-based payment awards made to employees and directors. The compensation expense for the Company’s stock-based payments is based on estimated fair values at the time of the grant. | ||||||||||||||
The Company estimates the fair value of stock-based payment awards on the date of grant using an option pricing model. These option pricing models involve a number of assumptions, including the expected lives of stock options, the volatility of the public market price for the Company’s common stock and interest rates. Stock-based compensation expense recognized during the period is based on the value of the portion of stock-based payment awards that are ultimately expected to vest. | ||||||||||||||
There were no stock options issued during 2014 and 2013. The stock option plan expired on May 16, 2011. | ||||||||||||||
Stock-based compensation expense related to options was $0 for the years ended December 31, 2014 and 2013. The Company estimates the amount of future stock-based compensation expense related to outstanding options to be $0. | ||||||||||||||
Segment Reporting, Policy [Policy Text Block] | Segment Reporting | |||||||||||||
The Company operates as one reporting segment. | ||||||||||||||
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Income (Loss) | |||||||||||||
Comprehensive income (loss) includes net income (loss) and items defined as other comprehensive income (loss). Items defined as other comprehensive income (loss) include such items as foreign currency translation adjustments and unrealized gains (losses) on certain marketable securities. For the year ended December 31, 2014 and 2013, the Company had no items defined as other comprehensive income (loss). | ||||||||||||||
Earnings Per Share, Policy [Policy Text Block] | Basic and Diluted Earnings Per Share | |||||||||||||
Basic earnings per share is computed by dividing net income by the weighted average shares outstanding during the reporting period. Diluted earnings per share is computed similar to basic earnings per share except that the weighted average shares outstanding are increased to include additional shares from the assumed exercise of stock options or warrants, if dilutive. The number of additional shares is calculated by assuming that outstanding stock options or warrants were exercised and that the proceeds from the exercise were used to acquire shares of common stock at the average market price during the reporting period. (See Note 8) | ||||||||||||||
New Accounting Pronouncements, Policy [Policy Text Block] | Accounting Pronouncement | |||||||||||||
In May 2014, the Financial Accounting Standards Board (FASB) issued guidance creating Accounting Standards Codification (“ASC”) Section 606, “Revenue from Contracts with Customers”. The new section will replace Section 605, “Revenue Recognition” and creates modifications to various other revenue accounting standards for specialized transactions and industries. The section is intended to conform revenue accounting principles with a concurrently issued International Financial Reporting Standards with previously differing treatment between United States practice and those of much of the rest of the world, as well as, to enhance disclosures related to disaggregated revenue information. The updated guidance is effective for annual reporting periods beginning on or after December 15, 2016, and interim periods within those annual periods. The Company will adopt the new provisions of this accounting standard at the beginning of 2017, since early adoption is not an option. The Company will further study the implications of this statement in order to evaluate the expected impact on the consolidated financial statements. | ||||||||||||||
Reclassification, Policy [Policy Text Block] | Reclassifications | |||||||||||||
Reclassifications to prior year presentations have been made to conform to current period classifications. There was no impact to net income or stockholders’ equity | ||||||||||||||
SUMMARY_OF_SIGNIFICANT_ACCOUNT2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Accounting Policies [Abstract] | ||||||||||||||
Revenue from External Customers by Geographic Areas [Table Text Block] | The following table summarizes significant customer information for the years ended December 31, 2014 and 2013: | |||||||||||||
For the Years Ended December 31 | ||||||||||||||
2014 | 2013 | |||||||||||||
% Sales | % AR | % Sales | % AR | |||||||||||
A | 9.6 | % | 3.7 | % | 27.2 | % | 21.4 | % | ||||||
B | 15.9 | % | 11.3 | % | 0 | % | 0 | % | ||||||
C | 10.4 | % | 0.8 | % | 10.3 | % | 6.4 | % | ||||||
D | 5.9 | % | 16 | % | 2.3 | % | 13.4 | % | ||||||
All Others | 58.2 | % | 68.2 | % | 60.2 | % | 58.8 | % | ||||||
Total | 100 | % | 100 | % | 100 | % | 100 | % | ||||||
ACCOUNTS_RECEIVABLE_Tables
ACCOUNTS RECEIVABLE (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Receivables [Abstract] | ||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Accounts receivable consisted of the following at: | |||||||
December 31, 2014 | December 31, 2013 | |||||||
Accounts receivable under normal 30 day terms | $ | 1,406,665 | $ | 1,322,680 | ||||
Financed contracts: | ||||||||
Short-term | 22,754 | 332,209 | ||||||
Current portion of long-term | 896,236 | 1,697,577 | ||||||
Long-term, net of current portion | 675,683 | 904,410 | ||||||
Total accounts receivable | 3,001,338 | 4,256,876 | ||||||
Less allowance for doubtful accounts | -101,079 | -112,054 | ||||||
Accounts receivable, net | $ | 2,900,259 | $ | 4,144,822 | ||||
Schedule of Allowance Accounts Receivable [Table Text Block] | A roll-forward of the Company’s allowance for doubtful accounts for the years ended is as follows: | |||||||
For the Year Ended | For the Year Ended | |||||||
December 31, 2013 | December 31, 2013 | |||||||
Accounts receivable allowance, beginning of year | $ | 112,054 | $ | 663,511 | ||||
Provision adjustment during year | -10,975 | -18,315 | ||||||
Write-off | 0 | -533,142 | ||||||
Accounts receivable allowance, end of year | $ | 101,079 | $ | 112,054 | ||||
PROPERTY_AND_EQUIPMENT_Tables
PROPERTY AND EQUIPMENT (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Property, Plant and Equipment [Abstract] | ||||||||
Property, Plant and Equipment [Table Text Block] | Property and equipment consists of the following at: | |||||||
December 31, 2014 | December 31, 2013 | |||||||
Office equipment | $ | 29,175 | $ | 26,990 | ||||
Vehicles | 77,374 | 77,374 | ||||||
106,549 | 104,364 | |||||||
Less: accumulated depreciation | -104,411 | -93,411 | ||||||
Property and equipment, net | $ | 2,138 | $ | 10,953 | ||||
Rental Equipment | $ | 90,044 | $ | 90,044 | ||||
Less: accumulated depreciation | -90,044 | -85,285 | ||||||
Systems under rental program, net | $ | - | $ | 4,759 | ||||
OPERATING_LEASES_Tables
OPERATING LEASES (Tables) | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Leases, Operating [Abstract] | |||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Future minimum lease payments are as follows: | ||||
2015 | 36,305 | ||||
2016 | 21,719 | ||||
Total | $ | 58,024 | |||
STOCKHOLDERS_EQUITY_Tables
STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Stockholders' Equity Note [Abstract] | ||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | The following is a summary of all activity involving options for the years ended December 31: | |||||||||||||
Outstanding | Weighted Average | Aggregate | ||||||||||||
and Exercisable | Exercise Price | Remaining Term | Intrinsic | |||||||||||
Options | Value | |||||||||||||
Balance, December 31, 2012 | 60,000 | 1.75 | 3 | $ | - | |||||||||
Granted | 0 | |||||||||||||
Exercised | 0 | |||||||||||||
Cancelled | 0 | |||||||||||||
Balance, December 31, 2013 | 60,000 | 1.75 | 2 | $ | - | |||||||||
Granted | 0 | |||||||||||||
Exercised | 0 | |||||||||||||
Cancelled | 50,000 | 1.75 | ||||||||||||
Balance, December 31, 2014 | 10,000 | 1.75 | 1 | $ | - | |||||||||
INCOME_TAXES_Tables
INCOME TAXES (Tables) | 12 Months Ended | ||||||||||||||
Dec. 31, 2014 | |||||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The income tax provision consists of the following for the years ended December 31: | ||||||||||||||
2014 | 2013 | ||||||||||||||
Current tax expense (benefit) | $ | 196,812 | $ | 655 | |||||||||||
Deferred tax expense (benefit) | $ | -189,800 | 318,800 | ||||||||||||
Total income tax expense (benefit) | $ | 7,012 | $ | 319,455 | |||||||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The reconciliation between expected federal income tax rates and the Company’s effective federal tax rates is as follows: | ||||||||||||||
2014 | 2013 | ||||||||||||||
Amount | Percent | Amount | Percent | ||||||||||||
Expected federal tax | $ | 13,700 | 34 | % | $ | 305,900 | 34 | % | |||||||
Permanent timing differences | -7,900 | -19.6 | % | 8,900 | 1 | % | |||||||||
State income tax, net of federal tax benefit | 1,300 | 3.2 | % | 11,600 | 1.3 | % | |||||||||
Other | -88 | -0.2 | % | -6,945 | -0.8 | % | |||||||||
Total | $ | 7,012 | 17.4 | % | $ | 319,455 | 35.5 | % | |||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | The following table summarizes the Company’s deferred tax assets and liabilities at December 31, 2014 and 2013: | ||||||||||||||
2014 | 2013 | ||||||||||||||
Current deferred tax asset (liabilities): | |||||||||||||||
Accounts payable and accrued expenses | $ | 61,000 | $ | 78,000 | |||||||||||
Accounts receivable | -1,124,000 | -1,573,000 | |||||||||||||
Allowance for doubtful accounts | 38,000 | 41,000 | |||||||||||||
Prepaid expenses | -36,000 | -54,000 | |||||||||||||
Deferred revenue | 294,053 | 427,000 | |||||||||||||
NOL - federal | 123,253 | ||||||||||||||
Net current deferred tax liability | -766,947 | -957,747 | |||||||||||||
Long-term deferred tax asset (liability): | |||||||||||||||
NOL - State | 7,000 | 10,000 | |||||||||||||
Book - Tax depreciation | 12,000 | 10,000 | |||||||||||||
Net long-term deferred tax asset (liability) | 19,000 | 20,000 | |||||||||||||
Net deferred tax liability | $ | -747,947 | $ | -937,747 | |||||||||||
EARNINGS_PER_SHARE_Tables
EARNINGS PER SHARE (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Earnings Per Share [Abstract] | ||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for years ended December 31, 2014 and 2013: | |||||||
For the Years Ended | ||||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Basic earnings per share calculation: | ||||||||
Net income to common stockholders | $ | 33,290 | $ | 580,363 | ||||
Weighted average number of common shares outstanding | 4,776,085 | 4,764,120 | ||||||
Basic net income per share | $ | 0.01 | $ | 0.12 | ||||
Diluted earnings per share calculation: | ||||||||
Net income | $ | 33,290 | $ | 580,363 | ||||
Weighted average number of common shares outstanding | 4,776,085 | 4,764,120 | ||||||
Common stock equivalents: | ||||||||
Stock options | -1 | -2 | ||||||
Weighted average diluted shares outstanding | 4,776,085 | 4,764,120 | ||||||
Diluted net income per share | $ | 0.01 | $ | 0.12 | ||||
Stock options outstanding of (1) 10,000 and (2) 60,000 were not included in the calculation as they would have been anti-dilutive. | ||||||||
SUMMARY_OF_SIGNIFICANT_ACCOUNT3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Sales Revenue, Net [Member] | ||
Revenue, Major Customer [Line Items] | ||
% Sales and % AR | 100.00% | 100.00% |
Sales Revenue, Net [Member] | Customer A [Member] | ||
Revenue, Major Customer [Line Items] | ||
% Sales and % AR | 9.60% | 27.20% |
Sales Revenue, Net [Member] | Customer B [Member] | ||
Revenue, Major Customer [Line Items] | ||
% Sales and % AR | 15.90% | 0.00% |
Sales Revenue, Net [Member] | Customer C [Member] | ||
Revenue, Major Customer [Line Items] | ||
% Sales and % AR | 10.40% | 10.30% |
Sales Revenue, Net [Member] | Customer D [Member] | ||
Revenue, Major Customer [Line Items] | ||
% Sales and % AR | 5.90% | 2.30% |
Sales Revenue, Net [Member] | All Others [Member] | ||
Revenue, Major Customer [Line Items] | ||
% Sales and % AR | 58.20% | 60.20% |
Accounts Receivable [Member] | ||
Revenue, Major Customer [Line Items] | ||
% Sales and % AR | 100.00% | 100.00% |
Accounts Receivable [Member] | Customer A [Member] | ||
Revenue, Major Customer [Line Items] | ||
% Sales and % AR | 3.70% | 21.40% |
Accounts Receivable [Member] | Customer B [Member] | ||
Revenue, Major Customer [Line Items] | ||
% Sales and % AR | 11.30% | 0.00% |
Accounts Receivable [Member] | Customer C [Member] | ||
Revenue, Major Customer [Line Items] | ||
% Sales and % AR | 0.80% | 6.40% |
Accounts Receivable [Member] | Customer D [Member] | ||
Revenue, Major Customer [Line Items] | ||
% Sales and % AR | 16.00% | 13.40% |
Accounts Receivable [Member] | All Others [Member] | ||
Revenue, Major Customer [Line Items] | ||
% Sales and % AR | 68.20% | 58.80% |
SUMMARY_OF_SIGNIFICANT_ACCOUNT4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Summary Of Significant Accounting Policies [Line Items] | ||
Research and Development Expense | $23,241 | $24,527 |
Cash, FDIC Insured Amount | 250,000 | |
Cash, Uninsured Amount | 900,000 | 630,000 |
Finite-Lived Patents, Gross | 23,472 | |
Intangible Assets, Net (Excluding Goodwill), Total | 3,003 | 4,367 |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 1,638 | |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | 1,365 | |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date | 16-May-11 | |
Property, Plant and Equipment, Estimated Useful Lives | two to five years | |
Income Tax Examination, Description | tax position must be more-likely-than not (a greater than 50 percent likelihood of being realized) to be sustained upon examination by taxing authorities | |
Amortization of Intangible Assets | 1,365 | 1,365 |
Employee Stock Option [Member] | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Future Share Based Compensation Expense Related To Outstanding Options | 0 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value | $0 | $0 |
ACCOUNTS_RECEIVABLE_Details
ACCOUNTS RECEIVABLE (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable under normal 30 day terms | $1,406,665 | $1,322,680 |
Financed contracts: | ||
Short-term | 22,754 | 332,209 |
Current portion of long-term | 896,236 | 1,697,577 |
Long-term, net of current portion | 675,683 | 904,410 |
Total accounts receivable | 3,001,338 | 4,256,876 |
Less allowance for doubtful accounts | -101,079 | -112,054 |
Accounts receivable, net | $2,900,259 | $4,144,822 |
ACCOUNTS_RECEIVABLE_Details_1
ACCOUNTS RECEIVABLE (Details 1) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable allowance, beginning of year | $112,054 | $663,511 |
Provision adjustment during year | -10,975 | -18,315 |
Write-off | 0 | -533,142 |
Accounts receivable allowance, end of year | $101,079 | $112,054 |
ACCOUNTS_RECEIVABLE_Details_Te
ACCOUNTS RECEIVABLE (Details Textual) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financed Contracts | $1,594,673 | $2,934,196 |
Deferred Revenue | 1,090,746 | 1,536,862 |
Allowance for Doubtful Accounts Receivable, Current | 101,079 | 112,054 |
Financed Contracts [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for Doubtful Accounts Receivable, Current | $0 | $0 |
PROPERTY_AND_EQUIPMENT_Details
PROPERTY AND EQUIPMENT (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Property, Plant and Equipment, Gross | $106,549 | $104,364 |
Less: accumulated depreciation | -104,411 | -93,411 |
Property, Plant and Equipment, Net | 2,138 | 10,953 |
System under rental program, net | 0 | 4,759 |
Office Equipment [Member] | ||
Property, Plant and Equipment, Gross | 29,175 | 26,990 |
Vehicles [Member] | ||
Property, Plant and Equipment, Gross | 77,374 | 77,374 |
Equipment [Member] | ||
Less: accumulated depreciation | -90,044 | -85,285 |
Rental Equipment | $90,044 | $90,044 |
PROPERTY_AND_EQUIPMENT_Details1
PROPERTY AND EQUIPMENT (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Depreciation | $13,573 | $46,803 |
LONGTERM_DEBT_Details_Textual
LONG-TERM DEBT (Details Textual) (Nissan Motor Acceptance Company [Member], USD $) | 1 Months Ended | 12 Months Ended | |
Sep. 30, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | |
Capital Expenditures Incurred but Not yet Paid | $32,720 | ||
Long-term Debt | 0 | 8,180 | |
Debt Instrument, Maturity Date, Description | Sep-14 | ||
Notes Payable, Other Payables [Member] | |||
Secured Debt | $909 |
OPERATING_LEASES_Details
OPERATING LEASES (Details) (USD $) | Dec. 31, 2014 |
2015 | $36,305 |
2016 | 21,719 |
Total | $58,024 |
OPERATING_LEASES_Details_Textu
OPERATING LEASES (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Operating Leases, Rent Expense, Net | $31,556 | $31,356 |
Lease Expiration Date | 30-Jun-16 | |
Maximum [Member] | ||
Lease And Rental Expense Per Month | 3,103 | |
Minimum [Member] | ||
Lease And Rental Expense Per Month | $2,727 |
STOCKHOLDERS_EQUITY_Details
STOCKHOLDERS' EQUITY (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Outstanding and Exercisable Options, Beginning Balance | 60,000 | 60,000 | |
Outstanding and Exercisable Options, Granted | 0 | 0 | |
Outstanding and Exercisable Options, Exercised | 0 | 0 | |
Outstanding and Exercisable Options, Cancelled | 50,000 | 0 | |
Outstanding and Exercisable Options, Ending Balance | 10,000 | 60,000 | 60,000 |
Weighted Average Excercise price, Beginning Balance | $1.75 | $1.75 | |
Weighted Average Excercise price, Cancelled | $1.75 | ||
Weighted Average Excercise price, Ending Balance | $1.75 | $1.75 | |
Weighted Average Remaining Term | 1 year | 2 years | 3 years |
Aggregate Intrinsic Value | $0 | $0 | $0 |
STOCKHOLDERS_EQUITY_Details_Te
STOCKHOLDERS' EQUITY (Details Textual) (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | ||||
Dec. 31, 2014 | Nov. 30, 2010 | Dec. 31, 2013 | Dec. 31, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Oct. 01, 2001 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Treasury Stock, Shares | 1,000 | 1,000 | 1,000 | 1,000 | ||||
Treasury Stock, Value | $1,422 | $1,422 | $1,422 | $1,422 | ||||
Stock Repurchased During Period, Value | 51,913 | |||||||
Stock Repurchase Program [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Stock Repurchased During Period Price Per Share | $0.71 | |||||||
Stock Repurchase Program, Authorized Amount | 100,000 | 100,000 | ||||||
Stock Repurchased During Period, Shares | 13,500 | |||||||
Stock Repurchase Program, Remaining Authorized Repurchase Amount | 90,000 | 90,000 | ||||||
Stock Repurchase Program [Member] | Subsequent Event [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Stock Repurchased During Period Price Per Share | $0.91 | |||||||
Stock Repurchased During Period, Shares | 89,517 | |||||||
Employee Stock Option [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Common Stock, Capital Shares Reserved for Future Issuance | 1,000,000 | |||||||
Stockholders' Equity Note, Changes in Capital Structure, Subsequent Changes to Number of Common Shares | 70,000 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value | 0 | 0 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | |||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $1.75 | |||||||
Board of Directors Chairman [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Stock Issued During Period, Shares, Share-based Compensation, Gross | 7,500 | 7,500 | 7,500 | |||||
Development Stage Entities, Equity Issuance, Per Share Amount | $0.65 | $0.90 | $0.90 | $0.51 | ||||
Stock Issued During Period, Value, Share-based Compensation, Gross | 4,875 | 6,750 | 6,750 | 3,825 | ||||
Allocated Share-based Compensation Expense | 4,875 | 6,750 | 6,750 | 3,825 | ||||
Chief Executive Officer [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Stock Repurchased During Period, Shares | 70,571 | |||||||
Stock Repurchased During Period, Value | 42,343 | |||||||
Severance Costs | $50,000 |
INCOME_TAXES_Details
INCOME TAXES (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Income Tax Contingency [Line Items] | ||
Current tax expense (benefit) | $196,812 | $655 |
Deferred tax expense (benefit) | -189,800 | 318,800 |
Total income tax expense (benefit) | $7,012 | $319,455 |
INCOME_TAXES_Details_1
INCOME TAXES (Details 1) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Income Tax Disclosure [Line Items] | ||
Expected federal tax, Amount | $13,700 | $305,900 |
Permanent timing differences, Amount | -7,900 | 8,900 |
State income tax, net of federal tax benefit, Amount | 1,300 | 11,600 |
Other, Amount | -88 | -6,945 |
Total, Amount | $7,012 | $319,455 |
Expected federal tax, Percentage | 34.00% | 34.00% |
Permanent timing differences,Percentage | -19.60% | 1.00% |
State income tax, net of federal tax benefit, Percentage | 3.20% | 1.30% |
Other, Percentage | -0.20% | -0.80% |
Total, Percent | 17.40% | 35.50% |
INCOME_TAXES_Details_2
INCOME TAXES (Details 2) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Current deferred tax asset (liabilities): | ||
Accounts payable and accrued expenses | $61,000 | $78,000 |
Accounts receivable | -1,124,000 | -1,573,000 |
Allowance for doubtful accounts | 38,000 | 41,000 |
Prepaid expenses | -36,000 | -54,000 |
Deferred revenue | 294,053 | 427,000 |
NOL - federal | 123,253 | |
Net current deferred tax liability | -766,947 | -957,747 |
Long-term deferred tax asset (liability): | ||
NOL - State | 7,000 | 10,000 |
Book - Tax depreciation | 12,000 | 10,000 |
Net long-term deferred tax asset (liability) | 19,000 | 20,000 |
Net deferred tax liability | ($747,947) | ($937,747) |
INCOME_TAXES_Details_Textual
INCOME TAXES (Details Textual) (State and Local Jurisdiction [Member], USD $) | 12 Months Ended |
Dec. 31, 2014 | |
State and Local Jurisdiction [Member] | |
Income Tax Disclosure [Line Items] | |
Operating Loss Carryforwards Expiration Date1 | 2025 |
Operating Loss Carryforwards | $214,000 |
EARNINGS_PER_SHARE_Details
EARNINGS PER SHARE (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2014 | Dec. 31, 2013 | |||
Basic earnings per share calculation: | ||||
Net income to common stockholders | $33,290 | $580,363 | ||
Weighted average number of common shares outstanding (in shares) | 4,776,085 | 4,764,120 | ||
Basic net income per share (in dollars per share) | $0.01 | $0.12 | ||
Diluted earnings per share calculation: | ||||
Net income | $33,290 | $580,363 | ||
Weighted average number of common shares outstanding (in shares) | 4,776,085 | 4,764,120 | ||
Common stock equivalents: | ||||
Stock options | [1] | [1] | ||
Weighted average diluted shares outstanding (in shares) | 4,776,085 | 4,764,120 | ||
Diluted net income per share (in dollars per share) | $0.01 | $0.12 | ||
[1] | Stock options outstanding of (1) 10,000 and (2) 60,000 were not included in the calculation as they would have been anti-dilutive. |
EARNINGS_PER_SHARE_Details_Tex
EARNINGS PER SHARE (Details Textual) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 10,000 | 60,000 |
GEOGRAPHIC_CONCENTRATIONS_Deta
GEOGRAPHIC CONCENTRATIONS (Details Textual) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Sales Revenue, Net [Member] | ||
Concentration Risk [Line Items] | ||
Concentration Risk, Percentage | 100.00% | 100.00% |
Accounts Receivable [Member] | ||
Concentration Risk [Line Items] | ||
Concentration Risk, Percentage | 100.00% | 100.00% |
UNITED STATES | Sales Revenue, Net [Member] | ||
Concentration Risk [Line Items] | ||
Concentration Risk, Percentage | 88.00% | 93.00% |
UNITED STATES | Accounts Receivable [Member] | ||
Concentration Risk [Line Items] | ||
Concentration Risk, Percentage | 83.00% | 87.00% |
Caribbean [Member] | Sales Revenue, Net [Member] | ||
Concentration Risk [Line Items] | ||
Concentration Risk, Percentage | 3.00% | 1.00% |
Caribbean [Member] | Accounts Receivable [Member] | ||
Concentration Risk [Line Items] | ||
Concentration Risk, Percentage | 3.00% | 1.00% |
Central America [Member] | Accounts Receivable [Member] | ||
Concentration Risk [Line Items] | ||
Concentration Risk, Percentage | 1.00% | 1.00% |
South America [Member] | Sales Revenue, Net [Member] | ||
Concentration Risk [Line Items] | ||
Concentration Risk, Percentage | 8.00% | 5.00% |
South America [Member] | Accounts Receivable [Member] | ||
Concentration Risk [Line Items] | ||
Concentration Risk, Percentage | 12.00% | 11.00% |