Table Trac (TBTC) 10-K 30 Mar 16 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Mar. 24, 2016	Jun. 30, 2015
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Entity Registrant Name	TABLE TRAC INC
Entity Central Index Key	1,090,396
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 2.4
Trading Symbol	TBTC
Entity Common Stock, Shares Outstanding		4,523,265

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Dec. 31, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash	$ 289,105	$ 1,208,201
Accounts receivable, net of allowance for doubtful accounts of $185,397 at December 31, 2015 and $101,079 at December 31, 2014	2,494,930	2,224,576
Inventory	656,137	893,743
Prepaid expenses and other current assets	88,180	98,607
Income taxes receivable	68,101	16,610
TOTAL CURRENT ASSETS	3,596,453	4,441,737
LONG-TERM ASSETS
Patent, net	1,638	3,003
Property and equipment, net	54,534	2,138
Other long-term assets	1,289,786	344,816
Deferred tax asset	331,000	19,000
Long-term accounts receivable - financed contracts	1,569,285	675,683
TOTAL LONG-TERM ASSETS	3,246,243	1,044,640
TOTAL ASSETS	6,842,696	5,486,377
CURRENT LIABILITIES
Accounts payable and accrued expenses	413,235	217,352
Payroll liabilities	29,444	60,726
Current portion of note payable	7,096	0
Deferred revenue - short-term	37,810	38,975
Income taxes payable	0	109,967
Deferred tax liability	797,000	766,947
TOTAL CURRENT LIABILITIES	1,284,585	1,193,967
LONG-TERM LIABILITIES
Note payable, net of current portion	26,215	0
Deferred revenue - long-term	2,890,467	1,090,746
TOTAL LIABILITIES	4,201,267	2,284,713
STOCKHOLDERS' EQUITY
Common stock, $0.001 par value; 25,000,000 shares authorized: 4,656,734 and 4,706,156 shares issued, and 4,533,265 and 4,705,734 shares outstanding at December 31, 2015 and 2014, respectively	4,534	4,706
Additional paid-in capital	1,806,526	1,845,198
Retained earnings	953,911	1,353,182
Stockholders' Equity before Treasury Stock	2,764,971	3,203,086
Treasury stock, 123,469 shares (at cost) at December 31, 2015 and 1,000 at December 31, 2014	(123,542)	(1,422)
TOTAL STOCKHOLDERS’ EQUITY	2,641,429	3,201,664
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 6,842,696	$ 5,486,377

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Allowance for doubtful accounts (in dollars)	$ 185,397	$ 101,079
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	4,656,734	4,706,156
Common stock, shares outstanding	4,533,265	4,705,734
Treasury stock, shares	123,469	1,000

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenues	$ 3,766,041	$ 3,478,580
Cost of sales	1,082,724	635,674
Gross profit	2,683,317	2,842,906
Operating Expenses:
Selling, general and administrative	3,393,688	2,865,759
Loss from operations	(710,371)	(22,853)
Loss on currency exchange	(22,486)	0
Interest income	53,586	63,155
Gain on sale of assets	6,000	0
Income (loss) before taxes	(673,271)	40,302
Income tax expense (benefit)	(274,000)	7,012
Net income (loss)	$ (399,271)	$ 33,290
Net income (loss) per share - basic and diluted (in dollar per share)	$ (0.09)	$ 0.01
Weighted-average shares outstanding - basic and diluted (in shares)	4,591,937	4,776,085

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, 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 awarded to employees and board member from treasury	11,625	$ 15	11,610	0	0
Common stock awarded to employees and board member from treasury (in shares)		15,000
Shares repurchased and retired	(51,913)	$ (84)	(51,829)	0	0
Shares repurchased and retired (in shares)		(84,071)
Net income (loss)	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
Common stock awarded to employees and board member from treasury	22,420	$ 19	5,278	0	17,123
Common stock awarded to employees and board member from treasury (in shares)		19,000
Shares repurchased and retired	$ (44,000)	$ (50)	(43,950)	0	0
Shares repurchased and retired (in shares)	(10,000)	(50,000)
Shares repurchased into treasury	$ (139,384)	$ (141)	0	0	(139,243)
Shares repurchased into treasury (in shares)		(141,469)
Net income (loss)	(399,271)	$ 0	0	(399,271)	0
BALANCE at Dec. 31, 2015	$ 2,641,429	$ 4,534	$ 1,806,526	$ 953,911	$ (123,542)
BALANCE (in shares) at Dec. 31, 2015		4,533,265

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
OPERATING ACTIVITIES
Net income (loss)	$ (399,271)	$ 33,290
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	10,089	14,938
Deferred income taxes	(281,947)	(189,800)
Allowance for doubtful accounts	84,318	(10,975)
Gain on disposal of asset	(6,000)	0
Stock issued for services	22,420	11,625
Changes in operating assets and liabilities:
Accounts receivable	(1,248,274)	1,255,538
Inventory	237,606	(418,965)
Prepaid expenses and other assets	(934,543)	131,810
Accounts payable and accrued expenses	204,633	(358,449)
Payroll liabilities	(31,282)	25,427
Deferred revenue	1,798,556	(452,091)
Income taxes receivable / payable	(161,458)	178,908
Net cash provided by (used in) operating activities	(705,153)	221,256
INVESTING ACTIVITIES
Capital expenditures	(20,540)	0
Net cash used in investing activities	(20,540)	0
FINANCING ACTIVITIES
Payments on note payable	(1,269)	(8,180)
Repurchase of common stock	(192,134)	(43,163)
Net cash used in financing activities	(193,403)	(51,343)
NET INCREASE (DECREASE) IN CASH	(919,096)	169,913
CASH
Beginning of year	1,208,201	1,038,288
End of year	289,105	1,208,201
Supplemental disclosure of cash flow information:
Cash paid for income taxes	0	8,955
Supplemental disclosure of non-cash investing and financing activities:
Repurchase of Common Stock in accrued expenses	0	8,750
Capital expenditure financed with note payable	$ 34,580	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	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. 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. On an on-going basis, the Company evaluates these estimates, including those related to revenue recognition, bad debts, valuation of inventory, intangible assets, and deferred income taxes. Actual results could differ from those estimates. 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 0 900,000 Major Customers For the Years Ended December 31 2015 2014 % Sales % AR % Sales % AR A 25.4 % 10.5 % 9.6 % 3.7 % B 2.8 % 1.5 % 15.9 % 11.3 % C 4.6 % 0.0 % 10.4 % 0.8 % D 6.2 % 6.5 % 5.9 % 16.0 % E 9.0 % 11.0 % 0.0 % 0.0 % F 9.7 % 34.1 % 0.0 % 0.0 % All Others 42.3 % 36.4 % 58.2 % 68.2 % Total 100.0 % 100.0 % 100.0 % 100.0 % 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 delivered, 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 the hierarchy of estimated selling price for the deliverables. The selling price for each deliverable will be based on vendor specific objective evidence (VSOE), Third Party Evidence (“TPE”) if VSOE is not available, or estimated selling price if neither VSOE or TPE is available. The Company 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 all elements, the Company would follow the selling price hierarchy to allocate arrangement consideration. 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 the selling 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 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 18-48 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. 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. 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, 2015 or 2014. Accounts Receivable / Allowance for Doubtful Accounts Accounts receivable are recorded at the invoiced amount. Accounts receivable are recorded at net realizable value, which includes foreign currency translation as of each balance sheet date. 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. Accounts receivable are recorded at net realizable value, which includes foreign currency translation into U.S. Dollars, as of each balance sheet date. 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, 2015 and 2014. 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. 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. 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 (FASB) 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. Expenditures for research and product development costs are expensed as incurred. Research and development expenses were $ 22,057 23,241 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 2015 and 2014. Grants under the stock option plan expired on May 16, 2011 Stock-based compensation expense related to options was $ 0 0 Transactions in foreign currencies are translated to the respective functional currencies of the Company at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are retranslated to the functional currency at the exchange rate at that date. Foreign currency differences arising on retranslation are recognized in profit or loss. 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) In May 2014, and amended in July 2015, 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 to 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, 2017, and interim periods within those annual periods. The Company will adopt the new provisions of this accounting standard at the beginning of 2018. The Company will further study the implications of this statement in order to evaluate the expected impact on its financial statements. In February 2016, FASB issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), which provides guidance for accounting for leases. The new guidance requires companies to recognize the assets and liabilities for the rights and obligations created by leased assets, initially measured at the present value of the lease payments. The accounting guidance for lessors is largely unchanged. The ASU is effective for annual and interim periods beginning after December 15, 2018 with early adoption permitted. It is to be adopted using a modified retrospective approach. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s financial statements and anticipates the new guidance will significantly impact its financial statements given the Company has a significant number of leases. In July 2015, FASB issued ASU No. 2015-11, which amended Inventory (Topic 330) Related to Simplifying the Measurement of Inventory of the Accounting Standards Codification. The amended guidance applies to all inventory except that which is measured using last-in, first-out (LIFO) or the retail inventory method. Inventory measured using first-in, first-out (FIFO) or average cost is included in the new amendments. Inventory within the scope of the new guidance should be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendments will take effect for the Company for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. The new guidance should be applied prospectively, and earlier application is permitted as of the beginning of an interim or annual reporting period. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s financial statements.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Accounts Receivable [Text Block]	NOTE 2. ACCOUNTS RECEIVABLE Accounts receivable consisted of the following at: December 31, 2015 December 31, 2014 Accounts receivable under normal 30 day terms $ 664,928 $ 1,406,665 Financed contracts: Short-term 0 22,754 Current portion of long-term 2,015,389 896,236 Long-term, net of current portion 1,569,285 675,683 Total accounts receivable 4,249,612 3,001,338 Less allowance for doubtful accounts (185,397) (101,079) Accounts receivable, net $ 4,064,215 $ 2,900,259 Presented on the balance sheet as: Accounts receivable, net $ 2,494,930 $ 2,224,576 Long-term accounts receivable - financed contracts 1,569,285 675,683 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 that have not been specifically identified. Included in accounts receivable - Financed contracts at December 31, 2015 and 2014 is $ 3,584,684 1,594,673 2,890,467 1,090,746 For the Year Ended For the Year Ended December 31, 2015 December 31, 2014 Accounts receivable allowance, beginning of year $ 101,079 $ 112,054 Provision adjustment during year 84,318 (10,975) Write-off 0 0 Accounts receivable allowance, end of year $ 185,397 $ 101,079 The allowance for doubtful accounts as of December 31, 2015 is $ 185,397 0 101,079 0

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 3. PROPERTY AND EQUIPMENT December 31, 2015 December 31, 2014 Office equipment $ 49,294 $ 29,175 Vehicles 118,375 77,374 Total 167,669 106,549 Less: accumulated depreciation (113,135) (104,411) Property and equipment, net $ 54,534 $ 2,138 Depreciation expense totaled $ 8,725 13,573

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 4. LONG-TERM DEBT The Company entered into a $ 34,580 monthly 677 5.89 September 2020 33,311 2016 $ 7,096 2017 6,697 2018 7,102 2019 7,532 2020 4,884 Total $ 33,311

OPERATING LEASES

OPERATING LEASES	12 Months Ended
	Dec. 31, 2015
Leases, Operating [Abstract]
Operating Leases of Lessor Disclosure [Text Block]	NOTE 5. OPERATING LEASES The Company has a lease on corporate office space in Minnetonka, Minnesota, which expires on June 30, 2016 2,727 3,103 2016 21,719 Total $ 21,719 Rent expense was $ 31,556

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 6. STOCKHOLDERS’ EQUITY Common Stock In August 2015, the Company transferred 7,500 1.18 11,500 1.18 22,420 As of December 31, 2015, the Company holds 123,469 123,542 In June 2014, the Company issued 7,500 90 6,750 6,750 In December 2014, the Company issued 7,500 65 4,875 4,875 Stock Repurchase Program In 2015, the Company repurchased and retired 50,000 44,000 141,469 139,384 99 On December 23, 2014, the Company’s Board of Directors approved the repurchase of its outstanding shares of up to $ 100,000 75,000 50,000 33,155 274,540 $ .95 Subsequent to year end, the Company has repurchased 10,000 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 five 1,000,000 In November 2010, the Company issued 70,000 1.75 Outstanding Weighted Average Aggregate and Exercisable Exercise Price Remaining Intrinsic Balance, December 31, 2013 60,000 1.75 2 $ - Granted 0 Exercised 0 Cancelled 50,000 Balance, December 31, 2014 10,000 1.75 1 $ - Granted 0 Exercised 0 Cancelled 10,000 1.75 Balance, December 31, 2015 0 1.75 0 $ - There were no stock options issued during 2015 and 2014. Grants under the stock option plan expired on May 16, 2011.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 7. INCOME TAXES – 2015 2014 Current tax expense $ 7,308 $ 196,812 Deferred tax (benefit) (281,308) (189,800) Total income tax expense (benefit) $ (274,000) $ 7,012 2015 2014 Amount Percent Amount Percent Expected federal tax (benefit) $ (228,900) 34.0 % $ 13,700 34.0 % Permanent differences 10,200 (1.5) % (7,900) (19.6) % State income tax, net of federal tax benefit (17,200) 2.6 % 1,300 3.2 % Foreign tax credit (19,100) 2.8 % 0 0.0 % Other (19,000) 2.8 % (88) (0.2) % Total $ (274,000) 40.7 % $ 7,012 17.4 % 2015 2014 Current deferred tax asset (liabilities): Accounts payable and accrued expenses $ 132,000 $ 61,000 Accounts receivable (1,572,000) (1,124,000) Allowance for doubtful accounts 69,000 38,000 Prepaid expenses (33,000) (36,000) Deferred revenue 607,000 294,053 Net current deferred tax liability (797,000) (766,947) Long-term deferred tax asset NOL - federal 265,000 0 NOL - State 38,000 7,000 Foreign tax credit 19,000 0 Book - Tax depreciation 9,000 12,000 Net long-term deferred tax asset 331,000 19,000 Net deferred tax liability $ (466,000) $ (747,947) The federal net operating loss carryforward at December 31, 2015 is approximately $ 777,000 682,000 expires between 2025 and 2035 if not used

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2015
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. For the Years Ended 2015 2014 Basic and diluted earnings per share calculation: Net income (loss) to common stockholders $ (399,271) $ 33,290 Weighted average number of common shares outstanding 4,591,937 4,776,085 Basic net income (loss) per share $ (0.09) $ 0.01 In 2014, stock options outstanding of 10,000

GEOGRAPHIC CONCENTRATIONS

GEOGRAPHIC CONCENTRATIONS	12 Months Ended
	Dec. 31, 2015
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 2015 and 2014, 82 88 2 3 1 1 16 8 78 83 1 3 1 2 20 12

FOREIGN CURRENCY EXCHANGE RATE

FOREIGN CURRENCY EXCHANGE RATE RISK	12 Months Ended
	Dec. 31, 2015
Foreign Currency [Abstract]
Foreign Currency Disclosure [Text Block]	NOTE 10. FOREIGN CURRENCY EXCHANGE RATE RISK The Company is exposed to foreign currency risks that arise from some of its foreign customers in Colombia, transacted in Colombia Pesos. As a result, exchange rate fluctuations may cause our international results to fluctuate when translated into U.S. dollars. These risks may change over time as business practices evolve and could have an impact on the Company’s financial results in the future due to the long term nature of our accounts receivable in Colombia which totaled approximately $443,000 at December 31, 2015. The Company monitors its risk associated with the volatility of certain foreign currencies against U.S. dollars. The Company recorded a realized loss on foreign currency of approximately $22,000 in 2015.

COMMITMENT AND CONTINGENCIES

COMMITMENT AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 11. COMMITMENT AND CONTINGENCIES During 2015, the Company entered into an Agreement with a contractor to design and execute on a sales and marketing strategy for the Company in key Latin American and Caribbean gaming jurisdictions. The Agreement expires July 14, 2016 unless terminated earlier in accordance with the terms of the Agreement. The remaining commitment as of December 31, 2015 is approximately $ 47,000

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
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. On an on-going basis, the Company evaluates these estimates, including those related to revenue recognition, bad debts, valuation of inventory, intangible assets, and deferred income taxes. Actual results could differ from those estimates.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	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 0 900,000 Major Customers For the Years Ended December 31 2015 2014 % Sales % AR % Sales % AR A 25.4 % 10.5 % 9.6 % 3.7 % B 2.8 % 1.5 % 15.9 % 11.3 % C 4.6 % 0.0 % 10.4 % 0.8 % D 6.2 % 6.5 % 5.9 % 16.0 % E 9.0 % 11.0 % 0.0 % 0.0 % F 9.7 % 34.1 % 0.0 % 0.0 % All Others 42.3 % 36.4 % 58.2 % 68.2 % Total 100.0 % 100.0 % 100.0 % 100.0 %
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 delivered, 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 the hierarchy of estimated selling price for the deliverables. The selling price for each deliverable will be based on vendor specific objective evidence (VSOE), Third Party Evidence (“TPE”) if VSOE is not available, or estimated selling price if neither VSOE or TPE is available. The Company 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 all elements, the Company would follow the selling price hierarchy to allocate arrangement consideration. 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 the selling 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 18-48 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, 2015 or 2014.
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 are recorded at net realizable value, which includes foreign currency translation as of each balance sheet date. 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. Accounts receivable are recorded at net realizable value, which includes foreign currency translation into U.S. Dollars, as of each balance sheet date.
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, 2015 and 2014.
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.
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.
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 (FASB) 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.
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 $ 22,057 23,241
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	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 2015 and 2014. Grants under the stock option plan expired on May 16, 2011 Stock-based compensation expense related to options was $ 0 0
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Transactions Transactions in foreign currencies are translated to the respective functional currencies of the Company at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are retranslated to the functional currency at the exchange rate at that date. Foreign currency differences arising on retranslation are recognized in profit or 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]	Recently Issued Accounting Pronouncements In May 2014, and amended in July 2015, 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 to 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, 2017, and interim periods within those annual periods. The Company will adopt the new provisions of this accounting standard at the beginning of 2018. The Company will further study the implications of this statement in order to evaluate the expected impact on its financial statements. In February 2016, FASB issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), which provides guidance for accounting for leases. The new guidance requires companies to recognize the assets and liabilities for the rights and obligations created by leased assets, initially measured at the present value of the lease payments. The accounting guidance for lessors is largely unchanged. The ASU is effective for annual and interim periods beginning after December 15, 2018 with early adoption permitted. It is to be adopted using a modified retrospective approach. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s financial statements and anticipates the new guidance will significantly impact its financial statements given the Company has a significant number of leases. In July 2015, FASB issued ASU No. 2015-11, which amended Inventory (Topic 330) Related to Simplifying the Measurement of Inventory of the Accounting Standards Codification. The amended guidance applies to all inventory except that which is measured using last-in, first-out (LIFO) or the retail inventory method. Inventory measured using first-in, first-out (FIFO) or average cost is included in the new amendments. Inventory within the scope of the new guidance should be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendments will take effect for the Company for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. The new guidance should be applied prospectively, and earlier application is permitted as of the beginning of an interim or annual reporting period. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s financial statements.

SUMMARY OF SIGNIFICANT ACCOUN19

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Revenue from External Customers by Geographic Areas [Table Text Block]	For the Years Ended December 31 2015 2014 % Sales % AR % Sales % AR A 25.4 % 10.5 % 9.6 % 3.7 % B 2.8 % 1.5 % 15.9 % 11.3 % C 4.6 % 0.0 % 10.4 % 0.8 % D 6.2 % 6.5 % 5.9 % 16.0 % E 9.0 % 11.0 % 0.0 % 0.0 % F 9.7 % 34.1 % 0.0 % 0.0 % All Others 42.3 % 36.4 % 58.2 % 68.2 % Total 100.0 % 100.0 % 100.0 % 100.0 %

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Accounts receivable consisted of the following at: December 31, 2015 December 31, 2014 Accounts receivable under normal 30 day terms $ 664,928 $ 1,406,665 Financed contracts: Short-term 0 22,754 Current portion of long-term 2,015,389 896,236 Long-term, net of current portion 1,569,285 675,683 Total accounts receivable 4,249,612 3,001,338 Less allowance for doubtful accounts (185,397) (101,079) Accounts receivable, net $ 4,064,215 $ 2,900,259 Presented on the balance sheet as: Accounts receivable, net $ 2,494,930 $ 2,224,576 Long-term accounts receivable - financed contracts 1,569,285 675,683
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, 2015 December 31, 2014 Accounts receivable allowance, beginning of year $ 101,079 $ 112,054 Provision adjustment during year 84,318 (10,975) Write-off 0 0 Accounts receivable allowance, end of year $ 185,397 $ 101,079

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property and equipment consists of the following at: December 31, 2015 December 31, 2014 Office equipment $ 49,294 $ 29,175 Vehicles 118,375 77,374 Total 167,669 106,549 Less: accumulated depreciation (113,135) (104,411) Property and equipment, net $ 54,534 $ 2,138

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Schedule of Maturities of Long-term Debt [Table Text Block]	Estimated annual maturities of debt are as follows: 2016 $ 7,096 2017 6,697 2018 7,102 2019 7,532 2020 4,884 Total $ 33,311

OPERATING LEASES (Tables)

OPERATING LEASES (Tables)	12 Months Ended
	Dec. 31, 2015
Leases, Operating [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Future minimum lease payments are as follows: 2016 21,719 Total $ 21,719

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2015
Stockholders' Equity Note [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [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 Intrinsic Balance, December 31, 2013 60,000 1.75 2 $ - Granted 0 Exercised 0 Cancelled 50,000 Balance, December 31, 2014 10,000 1.75 1 $ - Granted 0 Exercised 0 Cancelled 10,000 1.75 Balance, December 31, 2015 0 1.75 0 $ -

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
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: 2015 2014 Current tax expense $ 7,308 $ 196,812 Deferred tax (benefit) (281,308) (189,800) Total income tax expense (benefit) $ (274,000) $ 7,012
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: 2015 2014 Amount Percent Amount Percent Expected federal tax (benefit) $ (228,900) 34.0 % $ 13,700 34.0 % Permanent differences 10,200 (1.5) % (7,900) (19.6) % State income tax, net of federal tax benefit (17,200) 2.6 % 1,300 3.2 % Foreign tax credit (19,100) 2.8 % 0 0.0 % Other (19,000) 2.8 % (88) (0.2) % Total $ (274,000) 40.7 % $ 7,012 17.4 %
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: 2015 2014 Current deferred tax asset (liabilities): Accounts payable and accrued expenses $ 132,000 $ 61,000 Accounts receivable (1,572,000) (1,124,000) Allowance for doubtful accounts 69,000 38,000 Prepaid expenses (33,000) (36,000) Deferred revenue 607,000 294,053 Net current deferred tax liability (797,000) (766,947) Long-term deferred tax asset NOL - federal 265,000 0 NOL - State 38,000 7,000 Foreign tax credit 19,000 0 Book - Tax depreciation 9,000 12,000 Net long-term deferred tax asset 331,000 19,000 Net deferred tax liability $ (466,000) $ (747,947)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2015
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, 2015 and 2014: For the Years Ended 2015 2014 Basic and diluted earnings per share calculation: Net income (loss) to common stockholders $ (399,271) $ 33,290 Weighted average number of common shares outstanding 4,591,937 4,776,085 Basic net income (loss) per share $ (0.09) $ 0.01

SUMMARY OF SIGNIFICANT ACCOUN27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
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	25.40%	9.60%
Sales Revenue, Net [Member] | Customer B [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	2.80%	15.90%
Sales Revenue, Net [Member] | Customer C [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	4.60%	10.40%
Sales Revenue, Net [Member] | Customer D [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	6.20%	5.90%
Sales Revenue, Net [Member] | Customer E [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	9.00%	0.00%
Sales Revenue, Net [Member] | Customer F [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	9.70%	0.00%
Sales Revenue, Net [Member] | All Others [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	42.30%	58.20%
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	10.50%	3.70%
Accounts Receivable [Member] | Customer B [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	1.50%	11.30%
Accounts Receivable [Member] | Customer C [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	0.00%	0.80%
Accounts Receivable [Member] | Customer D [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	6.50%	16.00%
Accounts Receivable [Member] | Customer E [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	11.00%	0.00%
Accounts Receivable [Member] | Customer F [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	34.10%	0.00%
Accounts Receivable [Member] | All Others [Member]
Revenue, Major Customer [Line Items]
% Sales and % AR	36.40%	68.20%

SUMMARY OF SIGNIFICANT ACCOUN28

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Summary Of Significant Accounting Policies [Line Items]
Research and Development Expense	$ 22,057	$ 23,241
Cash, FDIC Insured Amount	250,000
Cash, Uninsured Amount	$ 0	900,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date	May 16, 2011
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.
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, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable under normal 30 day terms	$ 664,928	$ 1,406,665
Financed contracts:
Short-term	0	22,754
Current portion of long-term	2,015,389	896,236
Long-term, net of current portion	1,569,285	675,683
Total accounts receivable	4,249,612	3,001,338
Less allowance for doubtful accounts	(185,397)	(101,079)
Accounts receivable, net	4,064,215	2,900,259
Presented on the balance sheet as:
Accounts receivable, net	2,494,930	2,224,576
Long-term accounts receivable - financed contracts	$ 1,569,285	$ 675,683

ACCOUNTS RECEIVABLE (Details 1)

ACCOUNTS RECEIVABLE (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable allowance, beginning of year	$ 101,079	$ 112,054
Provision adjustment during year	84,318	(10,975)
Write-off	0	0
Accounts receivable allowance, end of year	$ 185,397	$ 101,079

ACCOUNTS RECEIVABLE (Details Te

ACCOUNTS RECEIVABLE (Details Textual) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for Doubtful Accounts Receivable, Current	$ 185,397	$ 101,079
Accounts Receivable, Net, Current, Total	2,494,930	2,224,576
Deferred Revenue, Noncurrent	2,890,467	1,090,746
Trade Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for Doubtful Accounts Receivable, Current	185,397
Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for Doubtful Accounts Receivable, Current	0	0
Accounts Receivable, Net, Current, Total	$ 3,584,684	$ 1,594,673

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment, Gross	$ 167,669	$ 106,549
Less: accumulated depreciation	(113,135)	(104,411)
Property, Plant and Equipment, Net	54,534	2,138
Office equipment [Member]
Property, Plant and Equipment, Gross	49,294	29,175
Vehicles [Member]
Property, Plant and Equipment, Gross	$ 118,375	$ 77,374

PROPERTY AND EQUIPMENT (Detai33

PROPERTY AND EQUIPMENT (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Depreciation	$ 8,725	$ 13,573

LONG-TERM DEBT(Details)

LONG-TERM DEBT(Details)	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
2,016	$ 7,096
2,017	6,697
2,018	7,102
2,019	7,532
2,020	4,884
Total	$ 33,311

LONG-TERM DEBT (Details Textual

LONG-TERM DEBT (Details Textual) - USD ($)	1 Months Ended
	Sep. 30, 2015	Dec. 31, 2015
Long-term Debt		$ 33,311
Nissan Motor Acceptance Company [Member] | Secured Debt [Member]
Long-term Debt		$ 33,311
Debt Instrument, Maturity Date, Description	September 2,020
Debt Instrument, Face Amount	$ 34,580
Debt Instrument, Interest Rate, Stated Percentage	5.89%
Debt Instrument, Periodic Payment, Total	$ 677
Debt Instrument, Frequency of Periodic Payment	monthly

OPERATING LEASES (Details)

OPERATING LEASES (Details)	Dec. 31, 2015USD ($)
2,016	$ 21,719
Total	$ 21,719

OPERATING LEASES (Details Textu

OPERATING LEASES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Operating Leases, Rent Expense, Net	$ 31,556	$ 31,556
Lease Expiration Date	Jun. 30, 2016
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, 2015	Dec. 31, 2014	Dec. 31, 2013
Outstanding and Exercisable Options, Beginning Balance	10,000	60,000
Outstanding and Exercisable Options, Granted	0	0
Outstanding and Exercisable Options, Exercised	0	0
Outstanding and Exercisable Options, Cancelled	10,000	50,000
Outstanding and Exercisable Options, Ending Balance	0	10,000	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	$ 1.75
Weighted Average Remaining Term	0 years	1 year	2 years
Aggregate Intrinsic Value	$ 0	$ 0	$ 0

STOCKHOLDERS' EQUITY (Details T

STOCKHOLDERS' EQUITY (Details Textual) - USD ($)	1 Months Ended				6 Months Ended	12 Months Ended
	Jan. 31, 2016	Aug. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Sep. 04, 2015	Mar. 17, 2015	Dec. 23, 2014	Nov. 30, 2010	Oct. 01, 2001
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury Stock, Shares			1,000			123,469	1,000
Treasury Stock, Value			$ 1,422			$ 123,542	$ 1,422
Stock Repurchased During Period Price Per Share						$ 0.92
Allocated Share-based Compensation Expense				$ 6,750
Stock Repurchased During Period, Shares						10,000
Stock Repurchased and Retired During Period, Shares						50,000
Stock Repurchased and Retired During Period, Value						$ 44,000
Treasury Stock Acquired, Average Cost Per Share						$ 99
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchased During Period, Shares						50,000	84,071
Stock Repurchase Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury Stock, Shares						141,469
Treasury Stock, Value						$ 139,384
Stock Repurchased During Period Price Per Share						$ 0.88
Stock Repurchase Program, Authorized Amount								$ 50,000	$ 75,000	$ 100,000
Stock Repurchased During Period, Shares						274,540
Stock Repurchase Program, Remaining Authorized Repurchase Amount						$ 33,155
Treasury Stock Acquired, Average Cost Per Share						$ 0.95
Stock Repurchase Program [Member] | Treasury Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury Stock Acquired, Average Cost Per Share						$ 0.99
Stock Repurchase Program [Member] | Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury Stock Acquired, Average Cost Per Share	$ 0
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
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number											70,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, 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
Stock Issued During Period, Value, Share-based Compensation, Gross			$ 4,875	$ 6,750
Allocated Share-based Compensation Expense			$ 4,875
Shares Issued, Price Per Share		$ 1.18	$ 65	$ 90			$ 65
Board of Directors Chairman [Member] | Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Gross			7,500
Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury Stock, Value						$ 123,542
Treasury Stock, Number of Shares Held						123,469
Employees [Member] | Bonuses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense					$ 22,420
Shares Issued, Price Per Share					$ 1.18
Stock Issued During Period, Shares, Treasury Stock Reissued					11,500

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Tax Contingency [Line Items]
Current tax expense	$ 7,308	$ 196,812
Deferred tax (benefit)	(281,947)	(189,800)
Total income tax expense (benefit)	$ (274,000)	$ 7,012

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Line Items]
Expected federal tax (benefit), Amount	$ (228,900)	$ 13,700
Permanent differences, Amount	10,200	(7,900)
State income tax, net of federal tax benefit, Amount	(17,200)	1,300
Foreign tax credit, Amount	(19,100)	0
Other, Amount	(19,000)	(88)
Total, Amount	$ (274,000)	$ 7,012
Expected federal tax (benefit), Percenage	34.00%	34.00%
Permanent differences, Percentage	(1.50%)	(19.60%)
State income tax, net of federal tax benefit, Percentage	2.60%	3.20%
Foreign tax credit, Percentage	2.80%	0.00%
Other, Percentage	2.80%	(0.20%)
Total, Percent	40.70%	17.40%

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current deferred tax asset (liabilities):
Accounts payable and accrued expenses	$ 132,000	$ 61,000
Accounts receivable	(1,572,000)	(1,124,000)
Allowance for doubtful accounts	69,000	38,000
Prepaid expenses	(33,000)	(36,000)
Deferred revenue	607,000	294,053
Net current deferred tax liability	(797,000)	(766,947)
Long-term deferred tax asset
NOL - federal	265,000	0
NOL - State	38,000	7,000
Foreign tax credit	19,000	0
Book - Tax depreciation	9,000	12,000
Net long-term deferred tax asset	331,000	19,000
Net deferred tax liability	$ (466,000)	$ (747,947)

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual)	12 Months Ended
	Dec. 31, 2015USD ($)
Income Tax Disclosure [Line Items]
Operating Loss Carryforwards Expiration Date1	expires between 2025 and 2035 if not used
State and Local Jurisdiction [Member]
Income Tax Disclosure [Line Items]
Operating Loss Carryforwards	$ 682,000
Domestic Tax Authority [Member]
Income Tax Disclosure [Line Items]
Operating Loss Carryforwards	$ 777,000

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Basic and diluted earnings per share calculation:
Net income (loss) to common stockholders	$ (399,271)	$ 33,290
Weighted average number of common shares outstanding	4,591,937	4,776,085
Basic net income (loss) per share	$ (0.09)	$ 0.01

EARNINGS PER SHARE (Details Tex

EARNINGS PER SHARE (Details Textual)	12 Months Ended
	Dec. 31, 2014shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	10,000

GEOGRAPHIC CONCENTRATIONS (Deta

GEOGRAPHIC CONCENTRATIONS (Details Textual)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
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	82.00%	88.00%
UNITED STATES | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	78.00%	83.00%
Caribbean [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	2.00%	3.00%
Caribbean [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	1.00%	3.00%
Central America [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	1.00%	1.00%
Central America [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	1.00%	2.00%
South America [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	16.00%	8.00%
South America [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	20.00%	12.00%

FOREIGN CURRENCY EXCHANGE RAT47

FOREIGN CURRENCY EXCHANGE RATE RISK (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Gross, Noncurrent	$ 1,569,285	$ 675,683
Foreign Currency Transaction Gain (Loss), Realized	22,000
Columbia [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Gross, Noncurrent	$ 443,000

COMMITMENT AND CONTINGENCIES (D

COMMITMENT AND CONTINGENCIES (Details Textual)	Dec. 31, 2015USD ($)
Other Commitments [Line Items]
Other Commitment, Total	$ 47,000