Onvia (ONVI) 10-Q 8 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 28, 2017
Document Information [Line Items]
Entity Registrant Name	ONVIA INC
Entity Central Index Key	1,100,917
Trading Symbol	onvi
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		7,212,848
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 2,161	$ 2,306
Short-term investments, available-for-sale	4,302	4,817
Accounts receivable, net of allowance for doubtful accounts of $44 and $34	1,763	1,543
Prepaid expenses and other current assets	1,244	1,035
Total current assets	9,470	9,701
LONG TERM ASSETS:
Property and equipment, net of accumulated depreciation	749	844
Internal use software, net of accumulated amortization	5,592	5,480
Long-term investments, available-for-sale	92
Other long-term assets	248	263
Total long term assets	6,681	6,587
TOTAL ASSETS	16,151	16,288
CURRENT LIABILITIES:
Accounts payable	698	851
Accrued expenses	1,308	1,534
Unearned revenue, current portion	10,383	9,500
Other current liabilities	140	134
Total current liabilities	12,529	12,019
LONG TERM LIABILITIES:
Unearned revenue, net of current portion	32	41
Deferred rent, net of current portion	496	529
Other long-term liabilities	9	16
Total long term liabilities	537	586
TOTAL LIABILITIES	13,066	12,605
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS’ EQUITY:
Preferred stock; $.0001 par value: 2,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock; $.0001 par value: 11,000,000 shares authorized; 8,805,152 and 8,730,152 shares issued; and 7,212,848 and 7,137,848 shares outstanding	1	1
Treasury stock, at cost: 1,592,304 and 1,592,304 shares	(5,446)	(5,446)
Additional paid in capital	354,676	354,448
Accumulated deficit	(346,146)	(345,320)
Total stockholders’ equity	3,085	3,683
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 16,151	$ 16,288

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Accounts receivable, allowance for doubtful accounts	$ 44	$ 34
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	11,000,000	11,000,000
Common stock, shares issued (in shares)	8,805,152	8,730,152
Common stock, shares outstanding (in shares)	7,212,848	7,137,848
Treasury stock, shares (in shares)	1,592,304	1,592,304

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenue
Subscription	$ 5,910	$ 5,594
Content license	104	404
Management information reports	29	16
Other	52	48
Total revenue	6,095	6,062
Cost of revenue (exclusive of depreciation and amortization included below)	700	764
Gross margin	5,395	5,298
Operating expenses:
Sales and marketing	2,999	2,891
Technology and development	1,831	1,479
General and administrative	1,401	916
Total operating expenses	6,231	5,286
(Loss)/income from operations	(836)	12
Interest and other income, net	10	7
Net (loss)/income	(826)	19
Unrealized gain on available-for-sale securities		3
Comprehensive (loss)/income	$ (826)	$ 22
Basic net (loss)/income per common share (in dollars per share)	$ (0.11)	$ 0
Diluted net (loss)/income per common share (in dollars per share)	$ (0.11)	$ 0
Basic weighted average shares outstanding (in shares)	7,189	7,125
Diluted weighted average shares outstanding (in shares)	7,189	7,193

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)/income	$ (826)	$ 19
Adjustments to reconcile net (loss)/income to net cash provided by operating activities:
Depreciation and amortization	769	500
Stock-based compensation	117	48
Change in operating assets and liabilities:
Accounts receivable	(220)	(499)
Prepaid expenses and other assets	(194)	162
Accounts payable	(104)	171
Accrued expenses	(226)	(184)
Unearned revenue	874	1,373
Deferred rent	(27)	49
Net cash provided by operating activities	163	1,639
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property and equipment	(61)	(57)
Additions to internal use software	(781)	(341)
Purchases of investments	(868)	(1,878)
Maturities of investments	1,291	1,604
Net cash used in investing activities	(419)	(672)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of stock	111
Net cash provided by financing activities	111
Net (decrease)/increase in cash and cash equivalents	(145)	967
Cash and cash equivalents, beginning of period	2,306	1,483
Cash and cash equivalents, end of period	2,161	2,450
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Property and equipment additions in accounts payable	(2)	(18)
Internal use software additions in accounts payable	$ (259)	$ (161)

Note 1 - Accounting Policies

Note 1 - Accounting Policies	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	1. Accounting Policies Basis of Presentation In this report, when we refer to “Onvia,” the “Company” “we,” “our,” or “us,” we are referring to Onvia, Inc. The unaudited interim Condensed Consolidated Financial Statements and related notes thereto have been prepared pursuant to generally accepted accounting principles in the United States of America, (“GAAP”), and the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. The accompanying unaudited interim Condensed Consolidated Financial Statements and related notes thereto should be read in conjunction with the audited Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10 December 31, 2016 (“2016 The information furnished is unaudited, but reflects, in the opinion of management, all adjustments, consisting of only normal recurring items, necessary for a fair presentation of the results for the interim periods presented. Interim results are not necessarily indicative of results for a full year. Use of Estimates The preparation of financial statements in conformity with GAAP requires the Company’s management to make estimates and judgments that affect the reported amounts of assets and liabilities, the 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. Significant estimates include the fair value of stock-based compensation, allowance for doubtful accounts, capitalization of costs for internally developed software, recoverability of long-lived assets, including internally developed software, and the valuation allowance for Onvia’s net deferred tax assets. The Company bases its estimates on historical experience and on various other assumptions that it believes to be reasonable under the circumstances. Actual results may Recently Issued Accounting Pronouncements In May 2014, 2014 09 2014 09”) revenue from contracts with customers five 1) 2) 3) 4) 5) first 2018 first 2017. 2014 09, 2014 09, In February 2016, 12 December 15, 2018. may

Note 2 - Stock-based Compensati

Note 2 - Stock-based Compensation	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	2. Stock-Based Compensation The impact on Onvia’s results of operations of recording stock-based compensation was as follows for the three March 31, 2017 2016, Three Months Ended March 31, 2017 2016 Sales and marketing $ (14 ) $ 12 Technology and development 8 13 General and administrative 123 23 Total stock-based compensation $ 117 $ 48

Note 3 - Earnings (Loss) Per Sh

Note 3 - Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	3. Earnings/(Loss) per Share Basic net income/(loss) per share is calculated by dividing the net income/(loss) for the period by the weighted average shares of common stock outstanding for the period. Diluted net income/(loss) per share is calculated by dividing the net income/(loss) per share by the weighted average common stock outstanding for the period, plus dilutive potential common shares using the treasury stock method. In periods with a net loss, basic and diluted net loss per share are identical because inclusion of potentially dilutive common shares would be anti-dilutive. The following table sets forth the computation of basic and diluted net income/(loss) per share for the three March 31, 2017 2016, Three Months March 31, 2017 2016 Net income/(loss) $ (826 ) $ 19 Shares used to compute basic net income/(loss) per share 7,189 7,125 Dilutive potential common shares: Stock options - 68 Shares used to compute diluted net income/(loss) per share 7,189 7,193 Basic net income/(loss) per share $ (0.11 ) $ 0.00 Diluted net income/(loss) per share $ (0.11 ) $ 0.00 For the three March 31, 2017, 986,000 For the three March 31, 2016, 467,541

Note 4 - Investments

Note 4 - Investments	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	4. Investments Onvia classifies investments in debt securities as available-for-sale, stated at fair value as summarized in the following tables (in thousands): March 31, 2017 Amortized Gross Gross Fair Value Short-Term Investments Certificates of Deposit (1) $ 4,302 $ - $ - $ 4,302 Total Short-Term Investments 4,302 - - 4,302 Long-Term Investments Certificates of Deposit (1) $ 92 $ - $ - $ 92 Total Long-Term Investments 92 - - 92 Total Investments $ 4,394 $ - $ - $ 4,394 December 31, 2016 Amortized Gross Gross Fair Value U.S. Government backed securities $ 110 $ - $ - $ 110 Certificates of Deposit (1) 4,707 $ - $ - 4,707 Total Investments $ 4,817 $ - $ - $ 4,817 (1) March 31, 2017 December 31, 2016 . Onvia accounts for investments held as available for sale according to their fair values, which is defined as the exchange price that would be received for an asset, or paid to transfer a liability (an exit price), in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company utilizes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The following are the three may Level 1 Level 2 1 Level 3 Onvia uses the market approach to measure fair value for its financial assets and liabilities. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The following tables summarize, by major security type, investments classified as available-for-sale at March 31, 2017 December 31, 2016, Fair Value Measurements as of March 31, 2017 Level 1 Level 2 Level 3 Total Certificates of Deposit $ - $ 4,394 $ - $ 4,394 Total Investments $ - $ 4,394 $ - $ 4,394 Fair Value Measurements as of December 31, 2016 Level 1 Level 2 Level 3 Total U.S. Government backed securities $ - $ 110 $ - $ 110 Certificates of Deposit - 4,707 - 4,707 Total Investments $ - $ 4,817 $ - $ 4,817 There were no transfers in or out of Level 2 first 2017 fourth 2016, 3

Note 5 - Prepaid Expenses and O

Note 5 - Prepaid Expenses and Other Current Assets	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Other Current Assets [Text Block]	5. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following (in thousands): March 31, December 31, 2017 2016 Prepaid software maintenance agreements $ 541 $ 630 Other prepaid expenses 272 133 Prepaid insurance 259 107 Other receivables 83 78 Prepaid rent 76 76 Interest receivable 13 11 $ 1,244 $ 1,035

Note 6 - Property and Equipment

Note 6 - Property and Equipment	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	6. Property and Equipment Property and equipment to be held and used consist of the following (in thousands): March 31, December 31, 2017 2016 Computer equipment $ 3,765 $ 3,822 Software 1,805 1,805 Furniture and fixtures 119 119 Leasehold improvements 815 815 Total cost basis 6,504 6,561 Less accumulated depreciation and amortization (5,755 ) (5,717 ) Net book value $ 749 $ 844 Depreciation expense was $115,000 $142,000 three March 31, 2017 2016,

Note 7 - Internal Use Software

Note 7 - Internal Use Software	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Internal Use Software Disclosure [Text Block]	7. Internal Use Software Onvia capitalizes qualifying computer software costs incurred during the “application development stage” and other costs. Amortization of these costs begins once the product is ready for its intended use. These costs are amortized on a straight-line basis over the estimated useful life of the product, typically 3 5 Onvia periodically evaluates the remaining useful lives and carrying values of internal use software. If management determines that all or a portion of the asset will no longer be used, or the estimated remaining useful life differs from existing estimates, an abandonment will be recorded to reduce the carrying value or adjust the remaining useful life to reflect revised estimates. In addition, if the carrying value of the software exceeds the estimated future cash flows, an impairment will be recorded to reduce the carrying value to the expected realizable value. No impairment has been recorded during the three March 31, 2017 December 31, 2016. During 2016 $962,000 first 2017, $216,000 two 2017, $300,000 The following table presents a roll-forward of capitalized internal use software for the three March 31, 2017 Balance at Additions Balance at Capitalized internal use software $ 21,213 $ 766 $ 21,979 Accumulated amortization (15,733 ) (654 ) (16,387 ) $ 5,480 $ 112 $ 5,592 Amortization expense was $654,000 $358,000 three March 31, 2017 2016,

Note 8 - Accrued Expenses and O

Note 8 - Accrued Expenses and Other Current Liabilities	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	8. Accrued Expenses and Other Current Liabilities Accrued expenses consist of the following (in thousands): March 31, December 31, 2017 2016 Payroll and related liabilities $ 1,255 $ 1,430 Taxes payable and other 53 104 $ 1,308 $ 1,534 Other current liabilities consist of the following (in thousands): March 31, December 31, 2017 2016 Deferred rent, current portion $ 113 $ 107 Obligations under capital leases, current portion 27 27 $ 140 $ 134

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	9. Commitments and Contingencies Operating Leases Onvia has a lease agreement for its corporate offices located in Seattle, Washington that expires in April 2021. June 2019. The office lease contains rent escalation clauses and rent holidays. Rent expense is recorded on a straight-line basis over the lease term with the difference between the rent paid and the straight-line rent expense recorded as a deferred rent liability. Total rent expense associated with real estate operating leases was $197,000 $193,000 three March 31, 2017 2016, As of March 31, 2017, December 31 Real Estate Office Equipment Total Operating Leases Operating Lease Operating Leases 2017 655 14 669 2018 896 20 916 2019 918 10 928 2020 940 - 940 2021 320 - 320 $ 3,729 $ 44 $ 3,773 Purchase Obligations Onvia has non-cancellable purchase obligations for software development and license agreements, co-location hosting arrangements, telecom agreements, marketing agreements and third 2017 2019. December 31 Purchase Obligations 2017 $ 298 2018 364 $ 662 Employment Agreement with Current CEO and President On December 30, 2016 January 30, 2017. Under the terms of the Employment Agreement, Mr. Mann will have an annual base salary of $325,000 75% 50,000 first six 100,000 three 125,000 25,000 first first 50,000 two 50,000 140,000 25,000 The Employment Agreement provides that, if the Company terminates Mr. Mann’s employment without cause or he resigns for good reason, subject to his execution and non-revocation of a release of claims, the Company will pay him, in addition to his previously-accrued compensation, the following severance: (i) base salary for twelve twelve 2018 Transition Agreement for Former CEO On March 28, 2016, January 30, 2017 Under the terms of the Transition Agreement, Mr. Riner continued to serve as the Company’s President and Chief Executive Officer on a full-time basis through the Transition Date and, unless terminated for cause, will continue to (i) receive his full annual base salary through June 30, 2017; September 30, 2017; 2016 50% 2016 150 12 In exchange for Mr. Riner’s entry into the Transition Agreement, his covenants and promises described therein, and his entry into an additional Release of Claims Agreement on his last of date of employment with the Company, the Company has agreed to pay Mr. Riner a lump sum cash payment of $362,000 July 8, 2017. Costs related to the Transition Agreement are being accrued over the requisite service period and the expense is included in operating expenses in the interim unaudited Condensed Consolidated Statements of Operations. Legal Proceedings From time to time, legal proceedings may

Note 10 - Income Taxes

Note 10 - Income Taxes	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	10. Income Taxes As of March 31, 2017 December 31, 2016, may may Pursuant to Section 382 1986, 50 three As of March 31, 2017 December 31, 2016, $77.5 382 2021. 2035.

Note 11 - Security Deposits

Note 11 - Security Deposits	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Lease Security Deposit [Text Block]	11. Security Deposits Pursuant to Onvia’s lease for its current corporate office space, Onvia has established a stand by letter of credit as security to the lease in the amount of $150,000. April 2021, March 31, 2017, $150,000

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation In this report, when we refer to “Onvia,” the “Company” “we,” “our,” or “us,” we are referring to Onvia, Inc. The unaudited interim Condensed Consolidated Financial Statements and related notes thereto have been prepared pursuant to generally accepted accounting principles in the United States of America, (“GAAP”), and the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. The accompanying unaudited interim Condensed Consolidated Financial Statements and related notes thereto should be read in conjunction with the audited Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10 December 31, 2016 (“2016 The information furnished is unaudited, but reflects, in the opinion of management, all adjustments, consisting of only normal recurring items, necessary for a fair presentation of the results for the interim periods presented. Interim results are not necessarily indicative of results for a full year.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with GAAP requires the Company’s management to make estimates and judgments that affect the reported amounts of assets and liabilities, the 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. Significant estimates include the fair value of stock-based compensation, allowance for doubtful accounts, capitalization of costs for internally developed software, recoverability of long-lived assets, including internally developed software, and the valuation allowance for Onvia’s net deferred tax assets. The Company bases its estimates on historical experience and on various other assumptions that it believes to be reasonable under the circumstances. Actual results may
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements In May 2014, 2014 09 2014 09”) revenue from contracts with customers five 1) 2) 3) 4) 5) first 2018 first 2017. 2014 09, 2014 09, In February 2016, 12 December 15, 2018. may

Note 2 - Stock-based Compensa18

Note 2 - Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Three Months Ended March 31, 2017 2016 Sales and marketing $ (14 ) $ 12 Technology and development 8 13 General and administrative 123 23 Total stock-based compensation $ 117 $ 48

Note 3 - Earnings (Loss) Per 19

Note 3 - Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	Three Months March 31, 2017 2016 Net income/(loss) $ (826 ) $ 19 Shares used to compute basic net income/(loss) per share 7,189 7,125 Dilutive potential common shares: Stock options - 68 Shares used to compute diluted net income/(loss) per share 7,189 7,193 Basic net income/(loss) per share $ (0.11 ) $ 0.00 Diluted net income/(loss) per share $ (0.11 ) $ 0.00

Note 4 - Investments (Tables)

Note 4 - Investments (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	March 31, 2017 Amortized Gross Gross Fair Value Short-Term Investments Certificates of Deposit (1) $ 4,302 $ - $ - $ 4,302 Total Short-Term Investments 4,302 - - 4,302 Long-Term Investments Certificates of Deposit (1) $ 92 $ - $ - $ 92 Total Long-Term Investments 92 - - 92 Total Investments $ 4,394 $ - $ - $ 4,394 December 31, 2016 Amortized Gross Gross Fair Value U.S. Government backed securities $ 110 $ - $ - $ 110 Certificates of Deposit (1) 4,707 $ - $ - 4,707 Total Investments $ 4,817 $ - $ - $ 4,817
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Fair Value Measurements as of March 31, 2017 Level 1 Level 2 Level 3 Total Certificates of Deposit $ - $ 4,394 $ - $ 4,394 Total Investments $ - $ 4,394 $ - $ 4,394 Fair Value Measurements as of December 31, 2016 Level 1 Level 2 Level 3 Total U.S. Government backed securities $ - $ 110 $ - $ 110 Certificates of Deposit - 4,707 - 4,707 Total Investments $ - $ 4,817 $ - $ 4,817

Note 5 - Prepaid Expenses and21

Note 5 - Prepaid Expenses and Other Current Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	March 31, December 31, 2017 2016 Prepaid software maintenance agreements $ 541 $ 630 Other prepaid expenses 272 133 Prepaid insurance 259 107 Other receivables 83 78 Prepaid rent 76 76 Interest receivable 13 11 $ 1,244 $ 1,035

Note 6 - Property and Equipme22

Note 6 - Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Property, Plant and Equipment [Table Text Block]	March 31, December 31, 2017 2016 Computer equipment $ 3,765 $ 3,822 Software 1,805 1,805 Furniture and fixtures 119 119 Leasehold improvements 815 815 Total cost basis 6,504 6,561 Less accumulated depreciation and amortization (5,755 ) (5,717 ) Net book value $ 749 $ 844

Note 7 - Internal Use Software

Note 7 - Internal Use Software (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Capitalized Internal Use Software Roll Forward [Table Text Block]	Balance at Additions Balance at Capitalized internal use software $ 21,213 $ 766 $ 21,979 Accumulated amortization (15,733 ) (654 ) (16,387 ) $ 5,480 $ 112 $ 5,592

Note 8 - Accrued Expenses and24

Note 8 - Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	March 31, December 31, 2017 2016 Payroll and related liabilities $ 1,255 $ 1,430 Taxes payable and other 53 104 $ 1,308 $ 1,534
Schedule of Other Assets and Other Liabilities [Table Text Block]	March 31, December 31, 2017 2016 Deferred rent, current portion $ 113 $ 107 Obligations under capital leases, current portion 27 27 $ 140 $ 134

Note 9 - Commitments and Cont25

Note 9 - Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Real Estate Office Equipment Total Operating Leases Operating Lease Operating Leases 2017 655 14 669 2018 896 20 916 2019 918 10 928 2020 940 - 940 2021 320 - 320 $ 3,729 $ 44 $ 3,773
Long-term Purchase Commitment [Table Text Block]	Purchase Obligations 2017 $ 298 2018 364 $ 662

Note 2 - Stock-based Compensa26

Note 2 - Stock-based Compensation - Impact on Results of Operations for Recording Stock-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Stock-based compensation	$ 117	$ 48
Selling and Marketing Expense [Member]
Stock-based compensation	(14)	12
Technology and Development [Member]
Stock-based compensation	8	13
General and Administrative Expense [Member]
Stock-based compensation	$ 123	$ 23

Note 3 - Earnings (Loss) Per 27

Note 3 - Earnings (Loss) Per Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	986,000	467,541

Note 3 - Earnings (Loss) Per 28

Note 3 - Earnings (Loss) Per Share - Basic and Diluted Net Income (Loss) Per Share Calculation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net income/(loss)	$ (826)	$ 19
Shares used to compute basic net income/(loss) per share (in shares)	7,189	7,125
Stock options (in shares)		68
Shares used to compute diluted net income/(loss) per share (in shares)	7,189	7,193
Basic net income/(loss) per share (in dollars per share)	$ (0.11)	$ 0
Diluted net income/(loss) per share (in dollars per share)	$ (0.11)	$ 0

Note 4 - Investments - Availabl

Note 4 - Investments - Available-for-sale Debt Securities at Fair Value (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Amortized Cost		$ 4,394	$ 4,817
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value		4,394	4,817
Short-term Investments [Member]
Amortized Cost		4,302
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value		4,302
Short-term Investments [Member] | Certificate of Deposit [Member]
Amortized Cost	[1]	4,302	4,707
Gross Unrealized Gains	[1]
Gross Unrealized Losses	[1]
Fair Value	[1]	4,302	4,707
Short-term Investments [Member] | US Government Agencies Debt Securities [Member]
Amortized Cost			110
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value			$ 110
Long-term Investments [Member]
Amortized Cost		92
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value		92
Long-term Investments [Member] | Certificate of Deposit [Member]
Amortized Cost	[1]	92
Gross Unrealized Gains	[1]
Gross Unrealized Losses	[1]
Fair Value	[1]	$ 92
[1]	The Company evaluated certificates of deposits held as of March 31, 2017 and December 31, 2016 and concluded that they meet the definition of securities as available for sale.

Note 4 - Investments - Availa30

Note 4 - Investments - Available-for-sale Debt Securities, Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Available-for-sale securities	$ 4,394	$ 4,817
Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	4,394	4,817
Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
Certificate of Deposit [Member]
Available-for-sale securities	4,394	4,707
Certificate of Deposit [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
Certificate of Deposit [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	4,394	4,707
Certificate of Deposit [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
US Government Agencies Debt Securities [Member]
Available-for-sale securities		110
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities		110
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities

Note 5 - Prepaid Expenses and31

Note 5 - Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Prepaid software maintenance agreements	$ 541	$ 630
Other prepaid expenses	272	133
Prepaid insurance	259	107
Other receivables	83	78
Prepaid rent	76	76
Interest receivable	13	11
	$ 1,244	$ 1,035

Note 6 - Property and Equipme32

Note 6 - Property and Equipment (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating Expense [Member]
Depreciation	$ 115,000	$ 142,000

Note 6 - Property and Equipme33

Note 6 - Property and Equipment - Summary of Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Computer equipment	$ 3,765	$ 3,822
Software	1,805	1,805
Furniture and fixtures	119	119
Leasehold improvements	815	815
Total cost basis	6,504	6,561
Less accumulated depreciation and amortization	(5,755)	(5,717)
Net book value	$ 749	$ 844

Note 7 - Internal Use Softwar34

Note 7 - Internal Use Software (Details Textual) - USD ($)	3 Months Ended		6 Months Ended	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Sep. 30, 2017	Dec. 31, 2016
Finite-lived Computer Software, Net, Subject to Reduced Estimated Remaining Useful Life				$ 962,000
Computer Software, Intangible Asset [Member]
Impairment of Intangible Assets, Finite-lived	$ 0			$ 0
Additional Amortization from Reduction in Estimated Remaining Useful Life	216,000
Computer Software, Intangible Asset [Member] | Operating Expense [Member]
Amortization of Intangible Assets	$ 654,000	$ 358,000
Computer Software, Intangible Asset [Member] | Scenario, Forecast [Member]
Additional Amortization from Reduction in Estimated Remaining Useful Life			$ 300,000
Minimum [Member]
Capitalized Internal Use Software, Useful Life	3 years
Maximum [Member]
Capitalized Internal Use Software, Useful Life	5 years

Note 7 - Internal Use Softwar35

Note 7 - Internal Use Software - Roll-forward of Capitalized Internal Use Software (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Beginning balance, Capitalized internal use software	$ 21,213
Additions, Capitalized internal use software	766
Ending balance, Capitalized internal use software	21,979
Beginning balance, Accumulated amortization	(15,733)
Additions, Accumulated amortization	(654)
Ending balance, Accumulated amortization	(16,387)
Beginning balance, Internal use software, net	5,480
Additions, Internal use software, net	112
Ending balance, Internal use software, net	$ 5,592

Note 8 - Accrued Expenses and36

Note 8 - Accrued Expenses and Other Current Liabilities - Summary of Accrued Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Payroll and related liabilities	$ 1,255	$ 1,430
Taxes payable and other	53	104
	$ 1,308	$ 1,534

Note 8 - Accrued Expenses and37

Note 8 - Accrued Expenses and Other Current Liabilities - Summary of Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Deferred rent, current portion	$ 113	$ 107
Obligations under capital leases, current portion	27	27
	$ 140	$ 134

Note 9 - Commitments and Cont38

Note 9 - Commitments and Contingencies (Details Textual) - USD ($)	Jan. 30, 2018	Jan. 30, 2017	Dec. 30, 2016	Mar. 31, 2017	Mar. 31, 2016	Mar. 28, 2016
Operating Leases, Rent Expense				$ 197,000	$ 193,000
Chief Executive Officer [Member]
Annual Base Salary			$ 325,000
Annual Bonus, Target Percentage of Base Salary			75.00%
Stock Issued During Period, Shares, New Issues		25,000
Common Stock, Maximum Number of Shares Available for Purchase		140,000
Deferred Compensation Arrangement with Individual, Term for Base Salary			1 year
Deferred Compensation Arrangement with Individual, Term for Health Benefit Continuation			1 year
Chief Executive Officer [Member] | Subject to Forfeiture [Member]
Stock Issued During Period, Shares, New Issues		50,000
Stock Issued During Period, Shares, New Issues, Forfeiture Period		180 days
Chief Executive Officer [Member] | Nonqualified Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		100,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Chief Executive Officer [Member] | Nonqualified Stock Option [Member] | Based on Performance Criteria [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		125,000
Chief Executive Officer [Member] | Nonqualified Stock Option [Member] | Vesting in Two Tranches [Member] | Scenario, Forecast [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	50,000
Chief Executive Officer [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		25,000
Chief Executive Officer [Member] | Restricted Stock Units (RSUs) [Member] | Scenario, Forecast [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	50,000
Mr. Riner [Member]
Compensation Arrangement With Individual, Percent of Base Salary Earned if Performance Targets are Met						50.00%
Duration of Period Where Individual Will be Available to Company as a Consultant				1 year
Former Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount						$ 362,000

Note 9 - Commitments and Cont39

Note 9 - Commitments and Contingencies - Remaining Future Minimum Operating Lease Payments (Details) $ in Thousands	Mar. 31, 2017USD ($)
2,017	$ 669
2,018	916
2,019	928
2,020	940
2,021	320
	3,773
Real Estate Operating Leases [Member]
2,017	655
2,018	896
2,019	918
2,020	940
2,021	320
	3,729
Office Equipment Operating Lease [Member]
2,017	14
2,018	20
2,019	10
2,020
2,021
	$ 44

Note 9 - Commitments and Cont40

Note 9 - Commitments and Contingencies - Non-cancellable Purchase Obligations for Software Development and License Agreements (Details) $ in Thousands	Mar. 31, 2017USD ($)
2,017	$ 298
2,018	364
	$ 662

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Operating Loss Carryforwards	$ 77.5	$ 77.5

Note 11 - Security Deposits (De

Note 11 - Security Deposits (Details Textual)	Mar. 31, 2017USD ($)
Other Noncurrent Assets [Member]
Security Deposit	$ 150,000
Secured by Standby Letter of Credit [Member]
Letters of Credit Outstanding, Amount	$ 150,000