Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Mar. 09, 2015 | Jun. 30, 2014 | |
Document and Entity Information [Abstract] | |||
Entity Registrant Name | TOWERSTREAM CORP | ||
Document Type | 10-K | ||
Current Fiscal Year End Date | -19 | ||
Entity Common Stock, Shares Outstanding | 66,656,789 | ||
Entity Public Float | $116,231,063 | ||
Amendment Flag | FALSE | ||
Entity Central Index Key | 1349437 | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Accelerated Filer | ||
Entity Well-known Seasoned Issuer | No | ||
Document Period End Date | 31-Dec-14 | ||
Document Fiscal Year Focus | 2014 | ||
Document Fiscal Period Focus | FY |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Current Assets | ||
Cash and cash equivalents | $38,027,509 | $28,181,531 |
Accounts receivable, net | 1,310,647 | 611,548 |
Prepaid expenses and other current assets | 926,699 | 925,587 |
Total Current Assets | 40,264,855 | 29,718,666 |
Property and equipment, net | 33,905,286 | 38,484,858 |
Intangible assets, net | 2,199,858 | 3,088,827 |
Goodwill | 1,674,281 | 1,674,281 |
Other assets | 4,277,558 | 1,950,835 |
Total Assets | 82,321,838 | 74,917,467 |
Current Liabilities | ||
Accounts payable | 871,251 | 1,241,743 |
Accrued expenses | 2,038,696 | 2,532,679 |
Deferred revenues | 1,384,846 | 1,396,780 |
Current maturities of capital lease obligations | 845,668 | 783,051 |
Other | 57,242 | 67,255 |
Total Current Liabilities | 5,197,703 | 6,021,508 |
Long-Term Liabilities | ||
Long-term debt, net of debt discount of $3,194,147 | 32,101,409 | |
Capital lease obligations, net of current maturities | 1,285,858 | 1,805,336 |
Other | 1,774,841 | 996,682 |
Total Long-Term Liabilities | 35,162,108 | 2,802,018 |
Total Liabilities | 40,359,811 | 8,823,526 |
Commitments (Note 14) | ||
Stockholders' Equity | ||
Preferred stock, par value $0.001; 5,000,000 shares authorized; none issued | 0 | 0 |
Common stock, par value $0.001; 95,000,000 shares authorized; 66,656,789 and 66,424,561 shares issued and outstanding, respectively | 66,657 | 66,425 |
Additional paid-in-capital | 157,631,299 | 154,171,695 |
Accumulated deficit | -115,735,929 | -88,144,179 |
Total Stockholders' Equity | 41,962,027 | 66,093,941 |
Total Liabilities and Stockholders' Equity | $82,321,838 | $74,917,467 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
debt discount (in Dollars) | $3,194,147 | |
Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock, par value (in Dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 95,000,000 | 95,000,000 |
Common stock, shares issued | 66,656,789 | 66,424,561 |
Common stock, shares outstanding | 66,656,789 | 66,424,561 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Revenues | $33,036,153 | $33,433,284 | $32,279,430 |
Operating Expenses | |||
Cost of revenues (exclusive of depreciation) | 24,520,028 | 21,854,163 | 15,376,136 |
Depreciation and amortization | 13,639,415 | 15,351,441 | 13,634,294 |
Customer support services | 4,796,038 | 4,883,219 | 5,712,463 |
Sales and marketing | 5,570,191 | 5,779,500 | 6,134,020 |
General and administrative | 10,336,504 | 11,033,057 | 12,168,183 |
Total Operating Expenses | 58,862,176 | 58,901,380 | 53,025,096 |
Operating Loss | -25,826,023 | -25,468,096 | -20,745,666 |
Other Income/(Expense) | |||
Interest expense, net | -1,672,846 | -217,741 | -63,714 |
Gain on business acquisitions | 1,004,099 | -40,079 | |
Other income (expense), net | -14,349 | -15,020 | -13,860 |
Total Other Income/(Expense) | -1,687,195 | 771,338 | -117,653 |
Loss before income taxes | -27,513,218 | -24,696,758 | -20,863,319 |
Provision for income taxes | -78,532 | -78,531 | -126,256 |
Net Loss | ($27,591,750) | ($24,775,289) | ($20,989,575) |
Net loss per common share – basic and diluted (in Dollars per share) | ($0.41) | ($0.38) | ($0.39) |
Weighted average common shares outstanding – basic and diluted (in Shares) | 66,803,767 | 65,181,310 | 54,434,173 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (USD $) | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Employee Stock Option [Member] | Total |
Cashless Exercise of Options [Member] | Employee Stock Option [Member] | Cashless Exercise of Options [Member] | Employee Stock Option [Member] | ||||||
Balance at Dec. 31, 2011 | $54,256 | $119,469,969 | ($42,379,315) | $77,144,910 | |||||
Shares (in Shares) at Dec. 31, 2011 | 54,256,083 | ||||||||
Cashless exercise of options | 163 | 337 | -163 | 328,704 | 329,041 | ||||
Cashless exercise of options (in Shares) | 162,884 | 337,128 | 594,083 | ||||||
Exercise of options | 163 | 337 | -163 | 328,704 | 329,041 | ||||
Exercise of options (in Shares) | 162,884 | 337,128 | 594,083 | ||||||
Issuance of common stock under employee stock purchase plan | 29 | 117,222 | 117,251 | ||||||
Issuance of common stock under employee stock purchase plan (in Shares) | 28,723 | ||||||||
Issuance of common stock upon vesting of restricted stock awards | 30 | -30 | |||||||
Issuance of common stock upon vesting of restricted stock awards (in Shares) | 30,000 | ||||||||
Issuance of common stock for business acquisitions | -403,366 | ||||||||
Stock-based compensation for options | 1,532,282 | 1,532,282 | |||||||
Stock-based compensation for restricted stock | 108,350 | 108,350 | |||||||
Adjustment to common stock issued for business acquisitions | -144 | -403,222 | -403,366 | ||||||
Adjustment to common stock issued for business acquisitions (in Shares) | -144,106 | ||||||||
Fair value of options repurchased | -34,985 | -34,985 | |||||||
Net loss | -20,989,575 | -20,989,575 | |||||||
Balance at Dec. 31, 2012 | 54,671 | 121,118,127 | -63,368,890 | 57,803,908 | |||||
Shares (in Shares) at Dec. 31, 2012 | 54,670,712 | ||||||||
Cashless exercise of options | 38 | 285 | -38 | 292,104 | 292,389 | ||||
Cashless exercise of options (in Shares) | 37,770 | 284,688 | 420,159 | ||||||
Exercise of options | 38 | 285 | -38 | 292,104 | 292,389 | ||||
Exercise of options (in Shares) | 37,770 | 284,688 | 420,159 | ||||||
Issuance of common stock under employee stock purchase plan | 31 | 80,687 | 80,718 | ||||||
Issuance of common stock under employee stock purchase plan (in Shares) | 31,267 | ||||||||
Issuance of common stock upon vesting of restricted stock awards | 15 | -15 | |||||||
Issuance of common stock upon vesting of restricted stock awards (in Shares) | 15,000 | ||||||||
Net proceeds from issuance of common stock | 11,000 | 30,488,336 | 30,499,336 | ||||||
Net proceeds from issuance of common stock (in Shares) | 11,000,000 | ||||||||
Issuance of common stock for business acquisitions | 385 | 950,871 | 951,256 | ||||||
Issuance of common stock for business acquisitions (in Shares) | 385,124 | ||||||||
Stock-based compensation for options | 1,182,523 | 1,182,523 | |||||||
Stock-based compensation for restricted stock | 59,100 | 59,100 | |||||||
Net loss | -24,775,289 | -24,775,289 | |||||||
Balance at Dec. 31, 2013 | 66,425 | 154,171,695 | -88,144,179 | 66,093,941 | |||||
Shares (in Shares) at Dec. 31, 2013 | 66,424,561 | ||||||||
Cashless exercise of options | 192 | -192 | |||||||
Cashless exercise of options (in Shares) | 192,270 | 340,906 | |||||||
Exercise of options | 192 | -192 | |||||||
Exercise of options (in Shares) | 192,270 | 340,906 | |||||||
Issuance of common stock under employee stock purchase plan | 25 | 46,903 | 46,928 | ||||||
Issuance of common stock under employee stock purchase plan (in Shares) | 24,958 | ||||||||
Issuance of common stock upon vesting of restricted stock awards | 15 | -15 | |||||||
Issuance of common stock upon vesting of restricted stock awards (in Shares) | 15,000 | ||||||||
Stock-based compensation for options | 953,470 | 953,470 | |||||||
Fair value of options repurchased | -3,793 | -3,793 | |||||||
Debt discount associated with warrants issued in connection with issuance of debt | 2,463,231 | 2,463,231 | |||||||
Net loss | -27,591,750 | -27,591,750 | |||||||
Balance at Dec. 31, 2014 | $66,657 | $157,631,299 | ($115,735,929) | $41,962,027 | |||||
Shares (in Shares) at Dec. 31, 2014 | 66,656,789 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Cash Flows from Operating Activities | |||
Net Loss | ($27,591,750) | ($24,775,289) | ($20,989,575) |
Adjustments to reconcile net loss to net cash used in operating activities: | |||
Deferred income taxes | 78,532 | 78,531 | 126,256 |
Provision for doubtful accounts | 322,000 | 85,000 | 219,082 |
Depreciation for property, plant and equipment | 12,750,446 | 12,257,624 | 10,262,526 |
Amortization for customer based intangibles | 888,969 | 3,093,817 | 3,371,768 |
Amortization of debt issuance costs | 262,820 | ||
Amortization of debt discount | 319,084 | ||
Stock-based compensation | 960,490 | 1,253,661 | 1,658,200 |
Gain on business acquisitions | -1,004,099 | 40,079 | |
Loss on sale and disposition of property and equipment | 120,644 | 171,230 | |
Deferred rent | 376,860 | 575,541 | -104,207 |
Changes in operating assets and liabilities: | |||
Accounts receivable | -1,021,099 | -8,007 | -202,051 |
Prepaid expenses and other current assets | -1,112 | 17,834 | -537,609 |
Other assets | 346,765 | 302,780 | -1,289,698 |
Account payable | -370,492 | 48,766 | -280,477 |
Accrued expenses | -1,018,263 | -1,410,582 | -169,467 |
Deferred revenues | -11,934 | -120,659 | -354,550 |
Accrued interest | 295,556 | ||
Total Adjustments | 14,178,622 | 15,290,851 | 12,911,082 |
Net Cash Used In Operating Activities | -13,413,128 | -9,484,438 | -8,078,493 |
Cash Flows From Investing Activities | |||
Acquisitions of property and equipment | -7,306,942 | -7,143,376 | -20,722,510 |
Lease incentive payment from landlord | 380,000 | ||
Acquisition of a business, net of cash acquired | -222,942 | ||
Proceeds from sale of property and equipment | 18,365 | 12,850 | |
Payments of security deposits | -42,568 | -51,524 | -345,129 |
Deferred acquisition payments | -67,246 | -162,987 | -288,339 |
Net Cash Used In Investing Activities | -7,036,756 | -7,562,464 | -21,343,128 |
Cash Flows From Financing Activities | |||
Payments on capital leases | -796,513 | -784,198 | -492,479 |
Proceeds upon exercise of options | 292,389 | 329,041 | |
Issuance of common stock under employee stock purchase plan | 39,908 | 68,680 | 99,683 |
Net proceeds from debt financing | 31,056,260 | ||
Fair value of options repurchased | -3,793 | -34,985 | |
Net proceeds from sale of common stock | 30,499,336 | ||
Net Cash Provided By (Used In) Financing Activities | 30,295,862 | 30,076,207 | -98,740 |
Net Increase (Decrease) In Cash and Cash Equivalents | 9,845,978 | 13,029,305 | -29,520,361 |
Cash and Cash Equivalents b Beginning of year | 28,181,531 | 15,152,226 | 44,672,587 |
Cash and Cash Equivalents b Ending of year | 38,027,509 | 28,181,531 | 15,152,226 |
Cash paid during the periods for: | |||
Interest | 833,364 | 220,634 | 105,245 |
Taxes | 24,609 | 21,619 | 19,993 |
Non-cash investing and financing activities: | |||
Fair value of common stock (returned)/ issued in connection with acquisitions | 951,256 | -403,366 | |
Acquisition of property and equipment: | |||
Under capital leases | 339,652 | 80,894 | 2,915,580 |
Included in accrued expenses | 524,280 | 867,311 | 1,240,774 |
Other | $18,679 |
Note_1_Organization_and_Nature
Note 1 - Organization and Nature of Business | 12 Months Ended |
Dec. 31, 2014 | |
Disclosure Text Block [Abstract] | |
Nature of Operations [Text Block] | Note 1. Organization and Nature of Business |
Towerstream Corporation (referred to as “Towerstream” or the “Company”) was incorporated in Delaware in December 1999. During its first decade of operations, the Company's business activities were focused on delivering fixed wireless broadband services to commercial customers over a wireless network transmitting over both regulated and unregulated radio spectrum. The Company's fixed wireless service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data and video services. The Company provides services to business customers in New York City, Boston, Chicago, Los Angeles, San Francisco, Seattle, Miami, Dallas-Fort Worth, Houston, Philadelphia, Las Vegas-Reno and Providence-Newport. The Company's “Fixed Wireless business” has historically grown both organically and through the acquisition of five other fixed wireless broadband providers in various markets. | |
In January 2013, the Company incorporated a wholly-owned subsidiary, Hetnets Tower Corporation (“Hetnets”). Hetnets was formed to operate a new shared wireless infrastructure platform that emerged from the Company's efforts to identify opportunities to leverage its fixed wireless network in urban markets to provide other wireless technology solutions and services. Hetnets operates a carrier-class network which has been constructed on "street level rooftops" which are closer to the ground (where Wi-Fi and small cell can operate with less interference from the macro cell) than the Company's traditional fixed wireless network. The Company believes that the wireless communications industry is experiencing a fundamental shift from its traditional macro-cellular architecture to densified small cell architecture where existing cell sites will be supplemented by many smaller base stations operating near street level. Hetnets is structured to operate like a tower company and expects to generate rental income from four separate sources including (i) rental of space on street level rooftops for the installation of customer owned small cells which includes Wi-Fi antennae, Distributed Antenna System (“DAS”), and Metro and Pico cells, (ii) rental of a channel on Hetnets’ Wi-Fi network for Internet access and the offloading of mobile data, (iii) rental of a port for backhaul or transport, and (iv) power and other related services. The Company refers to the activities of Hetnets as its “Shared Wireless Infrastructure” (or “Shared Wireless”) business. | |
In June 2013, Hetnets entered into a Wi-Fi service agreement (the “Wi-Fi Agreement”) with a major cable operator (the “Cable Operator”). The Wi-Fi Agreement provides leased access to certain access points, primarily within New York City. The Cable Operator has a limited right to expand access in other Hetnets’ markets. The term of the Wi-Fi Agreement is for an initial three year period and provides for automatic annual renewals for two additional one year periods. | |
In August 2014, the Company executed a master licensing agreement ("MLA") with a carrier for small cell deployments. The MLA establishes the detailed terms and conditions under which individual orders are governed, and are generally designed to expedite the deployment process. The term of this agreement is for 25 years. |
Note_2_Summary_of_Significant_
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Accounting Policies [Abstract] | |||||||||||||
Significant Accounting Policies [Text Block] | Note 2. Summary of Significant Accounting Policies | ||||||||||||
Basis of Presentation. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. | |||||||||||||
Use of Estimates. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the amounts of revenues and expenses. Actual results could differ from those estimates. | |||||||||||||
Cash and Cash Equivalents. The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. | |||||||||||||
Concentration of Credit Risk. Financial instruments that potentially subject the Company to significant concentrations of credit risk consist of cash and cash equivalents. At times, the Company’s cash and cash equivalents may be uninsured or in deposit accounts that exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance limits. As of December 31, 2014, the Company had cash and cash equivalent balances of approximately $37,506,000 in excess of the federally insured limit of $250,000. | |||||||||||||
Accounts Receivable. Accounts receivable are stated at cost less an allowance for doubtful accounts which reflects the Company’s estimate of balances that will not be collected. The allowance is based on the history of past write-offs, the aging of balances, collections experience and current credit conditions. Additions include provisions for doubtful accounts and deductions include customer write-offs. Changes in the allowance for doubtful accounts were as follows: | |||||||||||||
Years Ended December 31, | |||||||||||||
2014 | 2013 | ||||||||||||
Beginning of period | $ | 81,009 | $ | 190,109 | |||||||||
Additions | 322,000 | 85,000 | |||||||||||
Deductions | (343,736 | ) | (194,100 | ) | |||||||||
End of period | $ | 59,273 | $ | 81,009 | |||||||||
Property and Equipment. Property and equipment are stated at cost and include equipment, installation costs and materials. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Leasehold improvements are amortized over the lesser of the useful lives or the term of the respective lease. Network, base station, shared wireless infrastructure and customer premise equipment are depreciated over estimated useful lives of 5 years; furniture, fixtures and other from 3 to 5 years and information technology from 3 to 5 years. | |||||||||||||
Expenditures for maintenance and repairs which do not extend the useful life of the assets are charged to expense as incurred. Gains or losses on disposals of property and equipment are reflected in general and administrative expenses in the statement of operations. | |||||||||||||
FCC Licenses. Federal Communications Commission (“FCC”) licenses are initially recorded at cost and are considered to be intangible assets with an indefinite life because the Company is able to maintain the license indefinitely as long as it complies with certain FCC requirements. The Company intends to and has demonstrated an ability to maintain compliance with such requirements. The Financial Accounting Standards Board’s (“FASB”) guidance on goodwill and other intangible assets states that an asset with an indefinite useful life is not amortized. However, as further described in the next paragraph, these assets are reviewed annually for impairment. | |||||||||||||
Long-Lived Assets. Long-lived assets with definitive lives consist primarily of property and equipment, and intangible assets. Long-lived assets are evaluated periodically for impairment, or whenever events or circumstances indicate their carrying value may not be recoverable. Conditions that would result in an impairment charge include a significant decline in the fair value of an asset, a significant change in the extent or manner in which an asset is used, or a significant adverse change that would indicate that the carrying amount of an asset or group of assets is not recoverable. When such events or circumstances arise, an estimate of the future undiscounted cash flows produced by the asset, or the appropriate grouping of assets, is compared to the asset’s carrying value to determine if impairment exists. If the asset is determined to be impaired, the impairment loss is measured based on the excess of its carrying value over its fair value. Assets to be disposed of are reported at the lower of their carrying value or net realizable value. | |||||||||||||
The Company has determined that there were no impairments of property and equipment or intangible assets during the years ended December 31, 2014 and 2013. | |||||||||||||
The FASB’s guidance on asset retirement obligations addresses financial accounting and reporting for obligations associated with the retirement of tangible long-lived assets and the associated costs. This guidance requires the recognition of an asset retirement obligation and an associated asset retirement cost when there is a legal obligation associated with the retirement of tangible long-lived assets. The Company’s network equipment is installed on both buildings in which the Company has a lease agreement (“Company Locations”) and at customer locations. In both instances, the installation and removal of the Company’s equipment is not complicated and does not require structural changes to the building where the equipment is installed. Costs associated with the removal of the Company’s equipment at company or customer locations are not material, and accordingly, the Company has determined that it does not presently have asset retirement obligations under the FASB’s accounting guidance. | |||||||||||||
Business Acquisitions. Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the fair value of the consideration transferred on the acquisition date. When the Company acquires a business, it assesses the acquired assets and liabilities assumed for the appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions at the acquisition date. The excess of the total consideration transferred over the net identifiable assets acquired and liabilities assumed is recognized as goodwill. If this consideration is lower than the fair value of the identifiable net assets acquired, the difference is recognized as a gain on business acquisition. Acquisition costs are expensed and included in general and administrative expenses in the Company’s consolidated statements of operations. | |||||||||||||
The highest level of judgment and estimation involved in accounting for business acquisitions relates to determining the fair value of the customer relationships and network assets acquired. In each of the five acquisitions completed over the past four years, the highest asset value has been allocated to the customer relationships acquired. Determining the fair value of customer relationships involves judgments and estimates regarding how long the customers will continue to contract services with the Company. During the course of completing five acquisitions, the Company has developed a database of historical experience from prior acquisitions to assist in preparing future estimates of cash flows. Similarly, the Company has used its historical experience in building networks to prepare estimates regarding the fair value of the network assets that it acquires. | |||||||||||||
Goodwill. Goodwill represents the excess of the purchase price over the estimated fair value of identifiable net assets acquired in an acquisition. Goodwill is not amortized but rather is reviewed annually for impairment, or whenever events or circumstances indicate that the carrying value may not be recoverable. The Company initially performs a qualitative assessment of goodwill which considers macro-economic conditions, industry and market trends, and the current and projected financial performance of the reporting unit. No further analysis is required if it is determined that there is a less than 50 percent likelihood that the carrying value is greater than the fair value. The Company completed a qualitative assessment and determined that there was no impairment of goodwill as of December 31, 2014 and 2013, respectively. | |||||||||||||
Fair Value of Financial Instruments. The Company has categorized its financial assets and liabilities measured at fair value into a three-level hierarchy in accordance with the FASB’s guidance. Fair value is defined as an exit price, the amount that would be received upon the sale of an asset or paid upon the transfer of a liability in an orderly transaction between market participants at the measurement date. The degree of judgment utilized in measuring the fair value of assets and liabilities generally correlates to the level of pricing observability. Financial assets and liabilities with readily available, actively quoted prices or for which fair value can be measured from actively quoted prices in active markets generally have more pricing observability and require less judgment in measuring fair value. Conversely, financial assets and liabilities that are rarely traded or not quoted have less price observability and are generally measured at fair value using valuation models that require more judgment. These valuation techniques involve some level of management estimation and judgment, the degree of which is dependent on the price transparency of the asset, liability or market and the nature of the asset or liability. | |||||||||||||
Income Taxes. Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period enacted. A valuation allowance is provided when it is more likely than not that a portion or all of a deferred tax asset will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income and the reversal of deferred tax liabilities during the period in which related temporary differences become deductible. The benefit of tax positions taken or expected to be taken in the Company’s income tax returns are recognized in the consolidated financial statements if such positions are more likely than not to be sustained upon examination. | |||||||||||||
Revenue Recognition. The Company normally enters into contractual agreements with its customers for periods ranging between one to three years. The Company recognizes the total revenue provided under a contract ratably over the contract period, including any periods under which the Company has agreed to provide services at no cost. The Company applies the revenue recognition principles set forth under the United States Securities and Exchange Commission Staff Accounting Bulletin 104, (“SAB 104”) which provides for revenue to be recognized when (i) persuasive evidence of an arrangement exists, (ii) delivery or installation has been completed, (iii) the customer accepts and verifies receipt, and (iv) collectability is reasonably assured. | |||||||||||||
Deferred Revenues. Customers are billed monthly in advance. Deferred revenues are recognized for that portion of monthly charges not yet earned as of the end of the reporting period. Deferred revenues are also recognized for certain customers who pay for their services in advance. | |||||||||||||
Advertising Costs. The Company charges advertising costs to expense as incurred. Advertising costs for the years ended December 31, 2014, 2013 and 2012 were approximately $1,133,000, $1,100,000 and $1,096,000, respectively, and are included in sales and marketing expenses in the Company’s consolidated statements of operations. | |||||||||||||
Intrinsic Value of Stock Options and Warrants. The Company calculates the intrinsic value of stock options and warrants as the difference between the closing price of the Company’s common stock at the end of the reporting period and the exercise price of the stock options and warrants. | |||||||||||||
Stock-Based Compensation. The Company accounts for stock-based awards issued to employees in accordance with FASB guidance. Such awards primarily consist of options to purchase shares of common stock. The fair value of stock-based awards is determined on the grant date using a valuation model. The fair value is recognized as compensation expense, net of estimated forfeitures, on a straight line basis over the service period which is normally the vesting period. | |||||||||||||
Basic and Diluted Net Loss Per Share. Basic and diluted net loss per share has been calculated by dividing net loss by the weighted average number of common shares outstanding during the period. All potentially dilutive common shares have been excluded since their inclusion would be anti-dilutive. | |||||||||||||
The following common stock equivalents were excluded from the computation of diluted net loss per common share because they were anti-dilutive. The exercise of these common stock equivalents would dilute earnings per shares if the Company becomes profitable in the future. The exercise of the stock options and warrants outstanding at December 31, 2014 would generate proceeds up to approximately $16,203,000. | |||||||||||||
Years Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||
Stock options | 3,997,695 | 4,055,016 | 3,916,045 | ||||||||||
Warrants | 2,850,000 | 450,000 | 450,000 | ||||||||||
Total | 6,847,695 | 4,505,016 | 4,366,045 | ||||||||||
Reclassifications. Certain accounts in the prior years’ consolidated financial statements have been reclassified for comparative purposes to conform to the presentation in the current year’s consolidated financial statements. These reclassifications have no effect on the previously reported net loss. | |||||||||||||
Recent Accounting Pronouncements. In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09 (“ASU 2014-09”), “Revenue from Contracts with Customers,” which requires an entity to recognize revenue representing the transfer of promised goods or services to customers in an amount that reflects the consideration which the company expects to receive in exchange for those goods or services. ASU 2014-09 is intended to establish principles for reporting useful information to users of financial statements about the nature, amount, timing and uncertainty of revenues and cash flows arising from the entity’s contracts with customers. ASU 2014-09 will replace most existing revenue recognition guidance in Generally Accepted Accounting Principles (“GAAP”) when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The Company is currently evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. | |||||||||||||
In June 2014, the FASB issued ASU No. 2014-12 (“ASU 2014-12”), “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period,” which requires a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. ASU 2014-12 states that the performance target should not be reflected in estimating the grant date fair value of the award. ASU 2014-12 clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the periods for which the requisite service has already been rendered. The new standard is effective for the Company on January 1, 2016. The Company does not expect adoption of ASU 2014-12 to have a significant impact on its consolidated financial statements. | |||||||||||||
In August 2014, the FASB issued ASU No. 2014–15 (“ASU 2014-15”), “Presentation of Financial Statements – Going Concern.” ASU 2014-15 provides GAAP guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and about related footnote disclosures. For each reporting period, management will be required to evaluate whether there are conditions or events that raise substantial doubt about a company’s ability to continue as a going concern within one year from the date the financial statements are issued. The new standard is effective for the Company on January 1, 2017. The Company does not expect the adoption of ASU 2014–15 to have a significant impact on its consolidated financial statements. | |||||||||||||
Subsequent Events. Subsequent events have been evaluated through the date of this filing. |
Note_3_Business_Acquisitions
Note 3 - Business Acquisitions | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Business Combinations [Abstract] | |||||||||||||
Business Combination Disclosure [Text Block] | Note 3. Business Acquisitions | ||||||||||||
Delos Internet | |||||||||||||
In February 2013, the Company completed the acquisition of Delos Internet (“Delos”). The Company obtained full control of Delos and determined that the acquisition was a business combination to be accounted for under the acquisition method. The following table summarizes the consideration transferred and the amounts of identified assets acquired and liabilities assumed at the acquisition date. The number of shares issued was based on the closing price of the Company's common stock on the February 28, 2013 closing date which was $2.47. | |||||||||||||
Original | Adjustments | Final | |||||||||||
Fair value of consideration transferred: | |||||||||||||
Cash | $ | 225,000 | $ | - | $ | 225,000 | |||||||
Common stock | 1,071,172 | (119,916 | ) | 951,256 | |||||||||
Other liabilities assumed | - | 36,733 | 36,733 | ||||||||||
Capital lease obligations assumed | 128,929 | - | 128,929 | ||||||||||
Total consideration transferred | 1,425,101 | (83,183 | ) | 1,341,918 | |||||||||
Fair value of identifiable assets acquired and liabilities assumed: | |||||||||||||
Cash | 2,058 | - | 2,058 | ||||||||||
Accounts receivable | 80,524 | 1,286 | 79,238 | ||||||||||
Property and equipment | 826,524 | 18,824 | 807,700 | ||||||||||
Security deposits | 1,993 | - | 1,993 | ||||||||||
Accounts payable | (26,970 | ) | 2,566 | (29,536 | ) | ||||||||
Deferred revenue | (62,110 | ) | (2,135 | ) | (59,975 | ) | |||||||
Other liabilities | (89,930 | ) | - | (89,930 | ) | ||||||||
Total identifiable net tangible assets | 732,089 | 20,541 | 711,548 | ||||||||||
Customer relationships | 1,634,469 | - | 1,634,469 | ||||||||||
Total identifiable net assets | 2,366,558 | 20,541 | 2,346,017 | ||||||||||
Gain on business acquisition | $ | 941,457 | $ | 62,642 | $ | 1,004,099 | |||||||
The Company recognized a gain on business acquisition of $1,004,099 which is included in other income (expense) in the Company’s consolidated statements of operations for the year ended December 31, 2013. The challenging economic environment during 2012 made it difficult for smaller companies like Delos to raise sufficient capital to sustain their growth. As a result, the Company was able to acquire the customer relationships and wireless network of Delos at a discounted price. | |||||||||||||
In May 2013, the Company finalized the purchase price of Delos which resulted in a reduction of approximately $21,000 of identifiable net assets and an increase in the gain on business acquisition of approximately $63,000. The purchase price adjustment resulted in a decrease in the number of shares of common stock issued to Delos of 48,549 from 433,673 to 385,124 shares. | |||||||||||||
The results of operations of Delos have been included in the Company’s consolidated statements of operations since the completion of the acquisition in February 2013. Revenues generated from customers acquired from Delos totaled approximately $517,000 for the year ended December 31, 2013. | |||||||||||||
During the years ended December 31, 2013 and 2012, respectively, the Company incurred approximately $99,000 and $59,000 of third-party costs in connection with the Delos acquisition. These expenses are included in the general and administrative expenses in the Company’s consolidated statements of operations. | |||||||||||||
Color Broadband Communications | |||||||||||||
In December 2011, the Company completed the acquisition of Color Broadband Communications (“Color Broadband”) and determined that it was a business combination to be accounted for under the acquisition method. The following table summarizes the consideration transferred and the amounts of identified assets acquired and liabilities assumed at the acquisition date. The number of shares issued was based on the closing price of the Company's common stock on the December 2, 2011 closing date which was $2.47. | |||||||||||||
Original | Adjustments | Final | |||||||||||
Fair value of consideration transferred: | |||||||||||||
Cash | $ | 2,800,000 | $ | - | $ | 2,800,000 | |||||||
Common stock | 2,286,567 | (243,309 | ) | 2,043,258 | |||||||||
Other liabilities assumed | 121,777 | - | 121,777 | ||||||||||
Capital lease obligations assumed | 111,537 | 22,424 | 133,961 | ||||||||||
Total consideration transferred | 5,319,881 | (220,885 | ) | 5,098,996 | |||||||||
Fair value of identifiable assets acquired and liabilities assumed: | |||||||||||||
Customer relationships | 4,584,756 | (39,816 | ) | 4,544,940 | |||||||||
Property and equipment | 1,976,852 | - | 1,976,852 | ||||||||||
Accounts receivable | 383,947 | (420 | ) | 383,527 | |||||||||
Security deposits | 7,506 | - | 7,506 | ||||||||||
Prepaid expenses and other current assets | 48,425 | - | 48,425 | ||||||||||
Accounts payable | (5,984 | ) | - | (5,984 | ) | ||||||||
Deferred revenue | (488,875 | ) | (4,106 | ) | (492,981 | ) | |||||||
Customer credits | (656 | ) | (216,622 | ) | (217,278 | ) | |||||||
Total identifiable net assets | 6,505,971 | (260,964 | ) | 6,245,007 | |||||||||
Gain on business acquisition | $ | 1,186,090 | $ | (40,079 | ) | $ | 1,146,011 | ||||||
The Company recognized a gain on business acquisition of $1,146,011 which is included in other income (expense) in the Company’s consolidated statements of operations of which $1,186,090 was recognized in the year ended December 31, 2011 and subsequently adjusted by $40,079 in the year ended December 31, 2012. The challenging economic environment during 2011 made it difficult for smaller companies like Color Broadband to raise sufficient capital to sustain their growth. As a result, the Company was able to acquire the customer relationships and wireless network of Color Broadband at a discounted price. | |||||||||||||
In May 2012, the Company finalized the purchase price of Color Broadband which resulted in a reduction of approximately $261,000 of identifiable net assets and a reduction in the gain on business acquisition of approximately $40,000. The purchase price adjustment resulted in a decrease in the number of shares of common stock issued to Color Broadband of 98,506 from 925,736 to 827,230 shares. In addition, 45,600 shares of common stock were returned to the Company principally representing accounts receivable collections retained by Color Broadband during the post-closing transition services period. | |||||||||||||
During the year ended December 31, 2012, the Company incurred approximately $359,000 of third-party costs in connection with the Color Broadband acquisition. These expenses are included in the general and administrative expenses in the Company’s consolidated statements of operations. | |||||||||||||
Pro Forma Information | |||||||||||||
The following table reflects the unaudited pro forma consolidated results of operations had the Delos acquisition taken place at the beginning of the 2013 and 2012 periods: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Revenues | $ | 33,545,854 | $ | 32,954,850 | |||||||||
Amortization expense | 3,159,196 | 3,764,041 | |||||||||||
Total operating expenses | 59,073,359 | 54,056,970 | |||||||||||
Net loss | (24,756,167 | ) | (21,219,773 | ) | |||||||||
Basic net loss per share | $ | (0.38 | ) | $ | (0.39 | ) | |||||||
The pro forma information presented above does not purport to present what actual results would have been had the Delos acquisition actually occurred at the beginning of 2013 and 2012 nor does the information project results for any future period. |
Note_4_Property_and_Equipment
Note 4 - Property and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | |||||||||
Property, Plant and Equipment Disclosure [Text Block] | Note 4. Property and Equipment | ||||||||
Property and equipment is comprised of: | |||||||||
As of December 31, | |||||||||
2014 | 2013 | ||||||||
Network and base station equipment | $ | 35,836,469 | $ | 32,233,262 | |||||
Customer premise equipment | 26,511,691 | 24,244,017 | |||||||
Shared wireless infrastructure | 21,044,189 | 19,128,064 | |||||||
Information technology | 4,628,555 | 4,417,869 | |||||||
Furniture, fixtures and other | 1,669,340 | 1,661,567 | |||||||
Leasehold improvements | 1,599,393 | 1,433,984 | |||||||
91,289,637 | 83,118,763 | ||||||||
Less: accumulated depreciation | 57,384,351 | 44,633,905 | |||||||
Property and equipment, net | $ | 33,905,286 | $ | 38,484,858 | |||||
Property acquired through capital leases included within the Company’s property and equipment consists of the following: | |||||||||
As of December 31, | |||||||||
2014 | 2013 | ||||||||
Network and base station equipment | $ | 1,003,875 | $ | 828,027 | |||||
Shared wireless infrastructure | 1,230,305 | 1,216,142 | |||||||
Customer premise equipment | 246,484 | 96,843 | |||||||
Information technology | 1,860,028 | 1,860,028 | |||||||
4,340,692 | 4,001,040 | ||||||||
Less: accumulated depreciation | 2,135,534 | 1,333,666 | |||||||
Property acquired through capital leases, net | $ | 2,205,158 | $ | 2,667,374 | |||||
Note_5_Intangible_Assets
Note 5 - Intangible Assets | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Disclosure Text Block [Abstract] | |||||||||
Intangible Assets Disclosure [Text Block] | Note 5. Intangible Assets | ||||||||
Intangible assets consist of the following: | |||||||||
As of December 31, | |||||||||
2014 | 2013 | ||||||||
Goodwill | $ | 1,674,281 | $ | 1,674,281 | |||||
Customer relationships | $ | 11,856,127 | $ | 11,856,127 | |||||
Less: accumulated amortization of customer relationships | 10,940,824 | 10,051,855 | |||||||
Customer relationships, net | 915,303 | 1,804,272 | |||||||
FCC licenses | 1,284,555 | 1,284,555 | |||||||
Intangible assets, net | $ | 2,199,858 | $ | 3,088,827 | |||||
Amortization expense for the years ended December 31, 2014, 2013 and 2012 was $888,969, $3,093,817 and $3,371,768, respectively. The customer contracts acquired in December 2010 for the Pipeline Wireless LLC acquisition were amortized over a 17 month period which ended May 2012. The customer contracts acquired in May 2011 for the One Velocity, Inc. acquisition were amortized over a 30 month period ending November 2013. The customer contracts acquired in the Color Broadband acquisition were amortized over a 28 month period ending April 2014. The customer contracts acquired in the Delos acquisition are being amortized over a 50 month period ending April 2017. As of December 31, 2014, the remaining amortization period for the Delos acquisition was 28 months. Balances related to the Company’s other acquisitions have been fully amortized. Future amortization expense is as follows: | |||||||||
Years Ending December 31, | |||||||||
2015 | $ | 392,272 | |||||||
2016 | 392,272 | ||||||||
2017 | 130,759 | ||||||||
$ | 915,303 | ||||||||
The Company’s licenses with the FCC are not subject to amortization as they have an indefinite useful life. |
Note_6_Accrued_Expenses
Note 6 - Accrued Expenses | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Accrued Liabilities Disclosure [Abstract] | |||||||||
Accrued Liabilities Disclosure [Text Block] | Note 6. Accrued Expenses | ||||||||
Accrued expenses consist of the following: | As of December 31, | ||||||||
2014 | 2013 | ||||||||
Payroll and related | $ | 726,917 | $ | 937,624 | |||||
Property and equipment | 524,280 | 867,311 | |||||||
Other | 280,413 | 293,402 | |||||||
Professional services | 256,534 | 186,917 | |||||||
Network | 187,440 | 138,684 | |||||||
Marketing | 63,112 | 108,741 | |||||||
Total | $ | 2,038,696 | $ | 2,532,679 | |||||
Network represents costs incurred to provide services to the Company’s customers including tower rentals, bandwidth, troubleshooting and gear removal. |
Note_7_Other_Liabilities
Note 7 - Other Liabilities | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract] | |||||||||
Other Liabilities Disclosure [Text Block] | Note 7. Other Liabilities | ||||||||
Other liabilities consist of the following: | As of December 31, | ||||||||
2014 | 2013 | ||||||||
Current | |||||||||
Deferred rent | $ | 46,058 | $ | - | |||||
Deferred acquisition payments | 11,184 | 67,255 | |||||||
Total | $ | 57,242 | $ | 67,255 | |||||
Long-Term | |||||||||
Deferred rent | $ | 1,373,163 | $ | 662,361 | |||||
Deferred acquisition payments | 341 | 11,516 | |||||||
Deferred taxes | 401,337 | 322,805 | |||||||
Total | $ | 1,774,841 | $ | 996,682 | |||||
Deferred acquisition payments related to Delos totaled $11,525 at December 31, 2014 and bear interest at a rate of 7%. In May 2014, the Company made its last deferred acquisition payment of $16,630 related to the acquisition of Pipeline Wireless LLC. |
Note_8_Longterm_Debt
Note 8 - Long-term Debt | 12 Months Ended |
Dec. 31, 2014 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | Note 8. Long-Term Debt |
In October 2014, the Company entered into a loan agreement (the "Loan Agreement") with Melody Business Finance, LLC (the "Lender") which provided the Company with a five-year $35 million term loan (the "Financing" or "Note"). The Note was issued at a 3% discount totaling $1,050,000 which is being amortized over the term of the Note. The Company recognized interest expense of $95,365 in connection with the amortization of this discount in 2014, and the unamortized balance totaled $954,635 at December 31, 2014. | |
The loan bears interest payable in cash at a rate equal to the greater of (i) the sum of the one month Libor rate on each payment date plus 7% or (ii) 8% per annum, and additional paid in kind (“PIK”), or deferred, interest that accrues at 4% per annum. The Company paid $591,111 of interest and accrued $295,556 of PIK interest for the year ended December 31, 2014. | |
In October 2019, the Company must repay the principal amount outstanding plus all accrued interest. The Company has the option of prepaying the loan (i) on or before October 16, 2016 (the “Second Anniversary”), but only in full, and (ii) at any time after the Second Anniversary, in the minimum principal amount of $5,000,000 or in full if the balance outstanding is less. All optional prepayments are subject to certain premiums. Mandatory prepayments are required upon the occurrence of certain events, including but not limited to the (i) sale, lease, conveyance or transfer of certain assets, (ii) issuance or incurrence of indebtedness other than certain permitted debt, (iii) issuance of capital stock redeemable for cash or convertible into debt securities and (iv) any change of control. As further set forth in a security agreement (the “Security Agreement”), repayment of the loan is secured by a first priority lien and security interest in all of the assets of the Company and its subsidiaries, excluding capital stock of the Company, and certain capital leases, contracts and assets secured by purchase money security interests. | |
The Loan Agreement also contains representations and warranties by the Company and the Lender, certain indemnification provisions in favor of the Lender and customary covenants (including limitations on other debt, liens, acquisitions, investments and dividends), and events of default (including payment defaults, breaches of covenants, a material impairment in the Lender’s security interest or in the collateral, and events relating to bankruptcy or insolvency). Upon the occurrence of an event of default, an additional 5% interest rate will be applied to the outstanding loan balances, and the Lender may terminate its lending commitment, declare all outstanding obligations immediately due and payable, and take such other actions as set forth in the Loan Agreement. As of December 31, 2014, the Company was in compliance with all of the debt covenants. | |
In connection with the Loan Agreement and pursuant to a Warrant and Registration Rights Agreement, the Company issued warrants (the “Warrants”) to purchase 3,600,000 shares of common stock of which two-thirds have an exercise price of $1.26 and one-third have an exercise price of $0.01, subject to customary adjustments under certain circumstances. The Warrants have a term of seven and a half years. The fair value of the warrants granted to the Lender of $2,463,231 was calculated using the Black-Scholes option pricing model and recorded as a debt discount. The debt discount is being amortized over the term of the Note using the effective interest rate. The Company recognized interest expense of $223,719 in connection with the amortization of this discount in 2014, and the unamortized balance totaled $2,239,512 at December 31, 2014. | |
The warrant holders have piggyback registration rights requiring the inclusion of the shares of common stock issuable upon exercise of the Warrants (the “Warrant Shares”) in any registration statement filed by the Company. In addition, the Company has agreed to file a registration statement to register for resale all of the Warrant Shares and cause the registration statement to become effective by October 16, 2015 (the “Required Registration Statement”). If the Required Registration Statement is not declared effective by the required date, then (i) the Warrants may be exercised on a cashless basis until the Required Registration Statement becomes effective and the Warrant Shares are listed for trading and (ii) the Company shall pay the holders liquidated damages in the aggregate amount of $5,000 per month, up to $50,000 in total, until both the Required Registration Statement has become effective and the Warrant Shares are listed. | |
The Company incurred costs, primarily professional services, of approximately $2,900,000 related to the Loan Agreement. These costs were recorded as other assets in the Company’s consolidated balance sheet and are being amortized over the term of the Loan Agreement using the effective interest rate. Amortization expense totaled $262,820 in 2014, and the unamortized balance totaled $2,630,919 at December 31, 2014. |
Note_9_Capital_Stock
Note 9 - Capital Stock | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Stockholders' Equity Note [Abstract] | |||||||||||||
Stockholders' Equity Note Disclosure [Text Block] | Note 9. Capital Stock | ||||||||||||
The Company is authorized to issue 5,000,000 shares of preferred stock at a par value of $0.001. There was no preferred stock outstanding as of December 31, 2014 and 2013, respectively. | |||||||||||||
The Company is authorized to issue 95,000,000 shares of common stock at a par value of $0.001. The holders of common stock are entitled to one vote per share. The holders of common stock are entitled to receive ratably such dividends, if any, as may be declared by the board of directors out of legally available funds. Upon liquidation, dissolution or winding-up, the holders of the Company’s common stock are entitled to share ratably in all assets that are legally available for distribution. The holders of the Company’s common stock have no preemptive, subscription, redemption or conversion rights. The rights, preferences and privileges of holders of the Company’s common stock are subject to, and may be adversely affected by, the rights of the holders of any series of preferred stock, which may be designated solely by action of the board of directors and issued in the future. | |||||||||||||
In November 2010, the Company adopted a shareholder rights plan (the “Rights Plan”). Under the Rights Plan, the Company issued one preferred share purchase right for each share of the Company's common stock held by shareholders of record as of the close of business on November 24, 2010. In general, the rights will become exercisable if a person or group acquires 15% or more of the Company’s common stock or announces a tender offer or exchange offer for 15% or more of the Company’s common stock. Each holder of a right will be allowed to purchase one one-hundredth of a share of a newly created series of the Company’s preferred shares at an exercise price of $18.00. The rights will expire on November 8, 2020. The Company may redeem the rights for $0.001 each at any time until the tenth business day following public announcement that a person or group has acquired 15% or more of its outstanding common stock. | |||||||||||||
Stock options were exercised by current or former employees as follows: | |||||||||||||
For the Years Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||
Cash basis: | |||||||||||||
Total options exercised | - | 284,688 | 337,128 | ||||||||||
Total proceeds received | $ | - | $ | 292,389 | $ | 329,041 | |||||||
Cashless basis: | |||||||||||||
Total options exercised | 340,906 | 135,471 | 256,955 | ||||||||||
Net issuance of common stock | 192,270 | 37,770 | 162,884 | ||||||||||
Under a cashless exercise, the holder uses a portion of the shares that would otherwise be issuable upon exercise, rather than cash, as consideration for the exercise. The amount of net shares issuable in connection with a cashless exercise will vary based on the exercise price of the option or warrant compared to the current market price of the Company’s common stock on the date of exercise. | |||||||||||||
In December 2011, the Company issued 925,736 shares of common stock to Color Broadband as part of the consideration paid for the acquisition. The fair value of the common stock issued was $2,286,567. In May 2012, the Company reduced the number of shares of common stock issued to Color Broadband by 98,506 as a result of an adjustment to the purchase price. In addition, 45,600 shares of common stock were returned to the Company principally representing accounts receivable collections retained by Color Broadband during the post-closing transition services period. The reduction of common stock had a fair value of $403,366. | |||||||||||||
In February and March 2013, the Company completed an underwritten offering at $3.00 per share which resulted in gross proceeds of $33,000,000 and the issuance of 11,000,000 shares. The Company incurred costs of approximately $2,501,000 related to the offering. | |||||||||||||
In February 2013, the Company issued 433,673 shares of common stock to Delos as part of the consideration paid for the acquisition. The fair value of the common stock issued was $1,071,172. In May 2013, the Company reduced the number of shares of common stock issued to Delos by 48,549 as a result of an adjustment to the purchase price. The reduction of common stock had a fair value of $119,916. |
Note_10_Stock_Option_Plans_and
Note 10 - Stock Option Plans and Warrants | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 10. Stock Option Plans and Warrants | ||||||||||||
Stock Options Plans | |||||||||||||
The 2007 Equity Compensation Plan (the “2007 Plan”) became effective in January 2007 and provides for the issuance of options, restricted stock and other stock-based instruments to officers and employees, consultants and directors of the Company. The total number of shares of common stock issuable under the 2007 Plan is 2,403,922. A total of 1,828,063 stock options or common stock have been issued under the 2007 Plan as of December 31, 2014. | |||||||||||||
The 2007 Incentive Stock Plan became effective in May 2007 and provides for the issuance of up to 2,500,000 shares of common stock in the form of options or restricted stock (the “2007 Incentive Stock Plan”). Shareholders approved an increase in the number of authorized shares of common stock issuable under the 2007 Incentive Stock Plan from 2,500,000 to 5,000,000 in November 2012. A total of 2,838,840 stock options, common stock or restricted stock have been issued under the 2007 Incentive Stock Plan as of December 31, 2014. | |||||||||||||
Options granted under both the 2007 Plan and the 2007 Incentive Plan have terms up to ten years and are exercisable at a price per share not less than the fair value of the underlying common stock on the date of grant. The total number of shares of common stock that remain available for issuance as of December 31, 2014 under the 2007 Plan and the 2007 Incentive Stock Plan combined is 2,737,019 shares. | |||||||||||||
The 2008 Non-Employee Directors Compensation Plan (the “2008 Directors Plan”) became effective in August 2008 and provides for the issuance of up to 1,000,000 shares of common stock in the form of options or restricted stock. In November 2013, shareholders approved an increase in the number of shares of common stock issuable under the 2008 Directors Plan to 2,000,000. A total of 1,200,000 stock options or common stock have been issued under the 2008 Directors Plan as of December 31, 2014. Options granted under the 2008 Directors Plan have terms of up to ten years and are exercisable at a price per share equal to the fair value of the underlying common stock on the date of grant. The total number of shares of common stock that remain available for issuance as of December 31, 2014 under the 2008 Directors Plan is 800,000 shares. | |||||||||||||
The Company uses the Black-Scholes model to value options granted to employees, directors and consultants. Compensation expense, including the effect of forfeitures, is recognized over the period of service, generally the vesting period. Stock-based compensation for the amortization of stock options granted under the Company’s stock option plans totaled $953,470, $1,182,523, and $1,532,282 for the years ended December 31, 2014, 2013, and 2012, respectively. Stock-based compensation is included in general and administrative expenses in the accompanying consolidated statements of operations. | |||||||||||||
The unamortized amount of stock options expense was $1,075,893 as of December 31, 2014 which will be recognized over a weighted-average period of 1.6 years. | |||||||||||||
The fair values of stock option grants were calculated on the dates of grant using the Black-Scholes option pricing model and the following weighted average assumptions: | |||||||||||||
Years Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||
Risk-free interest rate | 1.1% -1.8 | % | 0.8% - 1.9 | % | 0.6% - 1.0 | % | |||||||
Expected volatility | 47% - 60 | % | 65% - 68 | % | 65% - 74 | % | |||||||
Expected life (in years) | 4.1 - 5.3 | 5.0 - 6.5 | 5.0 - 5.3 | ||||||||||
Expected dividend yield | 0 | % | 0 | % | 0 | % | |||||||
The risk-free interest rate was based on rates established by the Federal Reserve. The Company’s expected volatility was based upon the historical volatility for its common stock. The expected life of the Company’s options was determined using the simplified method as a result of limited historical data regarding the Company’s activity. Beginning in the fourth quarter of 2014, the Company began utilizing its historical data regarding the Company’s activity as it relates to the expected life of stock options. The dividend yield is based upon the fact that the Company has not historically paid dividends, and does not expect to pay dividends in the foreseeable future. | |||||||||||||
During the first quarter of 2011, the Company issued 90,000 shares of restricted stock to two executives. The fair value of $354,600 was based on the closing market price of the Company’s common stock on the date of grant. The restricted stock vested over a three year period, of which 60,000 shares were vested and 30,000 shares of restricted stock were forfeited due to the resignation of an executive in November 2012. Stock-based compensation for restricted stock totaled zero, $59,100 and $108,350 for the years ended December 31, 2014, 2013 and 2012, respectively. There was no unrecognized compensation cost at December 31, 2014. | |||||||||||||
Option transactions under the stock option plans during the years ended December 31, 2014, 2013 and 2012 were as follows: | |||||||||||||
Number of Options | Weighted | ||||||||||||
Average Exercise Price | |||||||||||||
Outstanding as of January 1, 2012 | 4,635,624 | $ | 2.85 | ||||||||||
Granted during 2012 | 250,000 | 3.62 | |||||||||||
Exercised | (594,083 | ) | 1.19 | ||||||||||
Forfeited /expired | (375,496 | ) | 6.04 | ||||||||||
Outstanding as of December 31, 2012 | 3,916,045 | $ | 2.85 | ||||||||||
Granted during 2013 | 950,000 | 2.4 | |||||||||||
Exercised | (420,159 | ) | 1.23 | ||||||||||
Forfeited /expired | (390,870 | ) | 5.07 | ||||||||||
Outstanding as of December 31, 2013 | 4,055,016 | $ | 2.7 | ||||||||||
Granted during 2014 | 737,073 | 1.42 | |||||||||||
Exercised | (340,906 | ) | 0.74 | ||||||||||
Forfeited /expired | (453,488 | ) | 1.78 | ||||||||||
Outstanding as of December 31, 2014 | 3,997,695 | $ | 2.73 | ||||||||||
Exercisable as of December 31, 2014 | 2,724,763 | $ | 2.84 | ||||||||||
Grants under the stock option plans were as follows: | |||||||||||||
For the Years Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||
Annual grants to outside directors | 200,000 | 200,000 | 200,000 | ||||||||||
Executive grants | 172,073 | 125,000 | - | ||||||||||
Employee grants | 315,000 | 625,000 | - | ||||||||||
Non-employee grants | 50,000 | - | 50,000 | ||||||||||
Total | 737,073 | 950,000 | 250,000 | ||||||||||
All options granted during the reporting period had a ten year term and were issued at an exercise price equal to the fair value on the date of grant. Director grants vest over a one year period from the date of issuance. Executive grants vesting periods range from vesting immediately upon issuance to vesting monthly or quarterly over a two year period from the date of issuance. Employee grants vest over a two or three year period from the date of issuance. Non-employee grants vesting periods range from vesting immediately upon issuance to vesting over one year from the date of issuance. | |||||||||||||
Forfeited or expired options under the stock option plans were as follows: | |||||||||||||
For the Years Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||
Employee terminations | 185,208 | 390,870 | 281,746 | ||||||||||
Expired | 254,030 | - | 75,000 | ||||||||||
Repurchased | 14,250 | - | 18,750 | ||||||||||
Total | 453,488 | 390,870 | 375,496 | ||||||||||
The weighted-average fair values of the options granted during 2014, 2013, and 2012 were $0.67, $1.44, and $2.16, respectively. Outstanding options of 3,997,695 as of December 31, 2014 had exercise prices that ranged from $0.68 to $5.25 and had a weighted-average remaining contractual life of 6.3 years. Exercisable options of 2,724,763 as of December 31, 2014 had exercise prices that ranged from $0.68 to $5.25 and had a weighted-average remaining contractual life of 5.2 years. | |||||||||||||
The aggregate intrinsic value of outstanding and exercisable options totaled $683,423 and $361,785, respectively, as of December 31, 2014. The closing price of the Company’s common stock at December 31, 2014, was $1.85 per share. | |||||||||||||
Stock Warrants | |||||||||||||
Warrant transactions during the years ended December 31, 2014, 2013 and 2012 were as follows: | |||||||||||||
Number of | Weighted | ||||||||||||
Warrants | Average | ||||||||||||
Exercise Price | |||||||||||||
Outstanding as of December 31, 2012 and 2013 | 450,000 | $ | 5 | ||||||||||
Granted during 2014 | 3,600,000 | $ | 0.84 | ||||||||||
Outstanding as of December 31, 2014 | 4,050,000 | $ | 1.31 | ||||||||||
In October 2014, the Company issued 3,600,000 warrants to purchase shares of common stock under the Company’s Financing of which 1,200,000 warrants had an exercise price of $0.01 per share and 2,400,000 warrants had an exercise price of $1.26 per share. | |||||||||||||
As of December 31, 2014, all warrants were exercisable and had a weighted average remaining contractual life of 6.7 years. | |||||||||||||
The aggregate intrinsic value associated with the warrants outstanding and exercisable as of December 31, 2014 was $3,624,000. The closing price of the Company’s common stock at December 31, 2014 was $1.85 per share. |
Note_11_Employee_Benefit_Progr
Note 11 - Employee Benefit Programs | 12 Months Ended |
Dec. 31, 2014 | |
Postemployment Benefits [Abstract] | |
Postemployment Benefits Disclosure [Text Block] | Note 11. Employee Benefit Programs |
The Company has established a 401(k) retirement plan (“401(k) plan”) which covers all eligible employees who have attained the age of twenty-one and have completed 30 days of employment with the Company. The Company can elect to match up to a certain amount of employees’ contributions to the 401(k) plan. No employer contributions were made during the years ended December 31, 2014, 2013 and 2012. | |
Under the Company’s 2010 Employee Stock Purchase Plan (“ESPP Plan”), participants can purchase shares of the Company’s stock at a 15% discount. A maximum of 200,000 shares of common stock can be issued under the ESPP Plan of which 111,580 shares have been issued to date and 88,420 shares are available for future issuance. During the years ended December 31, 2014, 2013, and 2012 a total of 24,958, 31,267, and 28,723 shares were issued under the ESPP Plan with a fair value of $46,928, $80,718 and $117,251 respectively. The Company recognized $7,020, $12,038, and $17,568 of stock-based compensation related to the 15% discount for the years ended December 31, 2014, 2013, and 2012 respectively. |
Note_12_Income_Taxes
Note 12 - Income Taxes | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||
Income Tax Disclosure [Text Block] | Note 12. Income Taxes | ||||||||||||
The provision for income taxes consists of the following: | |||||||||||||
Years Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||
Current | |||||||||||||
Federal | $ | - | $ | - | $ | - | |||||||
State | - | - | - | ||||||||||
Total current | - | - | - | ||||||||||
Deferred | |||||||||||||
Federal | (9,325,074 | ) | (8,333,801 | ) | (7,017,749 | ) | |||||||
State | (1,645,601 | ) | (1,470,671 | ) | (1,238,426 | ) | |||||||
Change in valuation allowance | 11,049,207 | 9,883,003 | 8,382,431 | ||||||||||
Total deferred | 78,532 | 78,531 | 126,256 | ||||||||||
Provision for income taxes | $ | 78,532 | $ | 78,531 | $ | 126,256 | |||||||
The provision for income taxes using the U.S. Federal statutory tax rate as compared to the Company’s effective tax rate is summarized as follows: | |||||||||||||
Years Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||
U.S. Federal statutory rate | (34.0 | )% | (34.0 | )% | (34.0 | )% | |||||||
State taxes | (6.0 | )% | (6.0 | )% | (6.0 | )% | |||||||
Permanent differences | 0.1 | % | 0.3 | % | 0.2 | % | |||||||
Valuation allowance | 40.2 | % | 40 | % | 40.4 | % | |||||||
Effective tax rate | 0.3 | % | 0.3 | % | 0.6 | % | |||||||
The Company files income tax returns for Towerstream Corporation and its subsidiaries in the U.S. federal and various state jurisdictions. As of December 31, 2014, the tax returns for Towerstream Corporation for the years 2011 through 2014 remain open to examination by the Internal Revenue Service and various state authorities. | |||||||||||||
The Company’s deferred tax assets (liabilities) consisted of the effects of temporary differences attributable to the following: | |||||||||||||
Years Ended December 31, | |||||||||||||
2014 | 2013 | ||||||||||||
Deferred tax assets | |||||||||||||
Net operating loss carryforwards | $ | 43,362,260 | $ | 33,757,218 | |||||||||
Stock-based compensation | 2,094,946 | 1,802,488 | |||||||||||
Intangible assets | 2,583,348 | 2,441,722 | |||||||||||
Debt discount | 252,788 | - | |||||||||||
Allowance for doubtful accounts | 23,710 | 32,404 | |||||||||||
Other | 32,716 | 184,811 | |||||||||||
Total deferred tax assets | 48,349,768 | 38,218,643 | |||||||||||
Valuation allowance | (45,195,445 | ) | (34,146,238 | ) | |||||||||
Deferred tax assets, net of valuation allowance | 3,154,323 | 4,072,405 | |||||||||||
Deferred tax liabilities | |||||||||||||
Depreciation | (3,154,323 | ) | (4,072,405 | ) | |||||||||
Intangible assets | (401,337 | ) | (322,805 | ) | |||||||||
Total deferred tax liabilities | (3,555,660 | ) | (4,395,210 | ) | |||||||||
Net deferred tax liabilities | $ | (401,337 | ) | $ | (322,805 | ) | |||||||
Accounting for Uncertainty in Income Taxes | |||||||||||||
ASC Topic 740 clarifies the accounting and reporting for uncertainties in income tax law. ASC Topic 740 prescribes a comprehensive model for the financial statement recognition, measurement, presentation and disclosure of uncertain tax positions taken or expected to be taken in income tax returns. The guidance also provides direction on derecogntion, classification, interest and penalties, accounting in interim periods, disclosure and transition. | |||||||||||||
As of December 31, 2014 and 2013, the Company has evaluated and concluded that there were no material uncertain tax positions requiring recognition in the Company’s financial statements. The Company’s policy is to classify assessments, if any, for tax related interest as interest expense and penalties as general and administrative expenses. No interest and penalties were recorded during the years ended December 31, 2014, 2013, and 2012. The Company does not expect its unrecognized tax benefit position to change during the next twelve months. | |||||||||||||
NOL Limitations | |||||||||||||
The Company’s utilization of net operating loss (“NOL”) carryforwards is subject to an annual limitation due to ownership changes that have occurred previously or that could occur in the future as provided in Section 382 of the Internal Revenue Code, as well as similar state provisions. Section 382 limits the utilization of NOLs when there is a greater than 50% change of ownership as determined under the regulations. Since its formation, the Company has raised capital through the issuance of capital stock and various convertible instruments which, combined with the purchasing shareholders’ subsequent disposition of these shares, has resulted in an ownership change as defined by Section 382, and also could result in an ownership change in the future upon subsequent disposition. | |||||||||||||
As of December 31, 2014, 2013 and 2012, the Company had approximately $108,406,000, $84,417,000, and $60,388,000, respectively, of federal and state NOL carryovers. Federal NOLs will begin expiring in 2027. State NOLs began expiring in 2012. | |||||||||||||
Valuation Allowance | |||||||||||||
In assessing the realizability of deferred tax assets, the Company has considered whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. In making this determination, under the applicable financial reporting standards, the Company has considered the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies. Since both goodwill and the FCC licenses are considered to be assets with indefinite lives for financial reporting purposes, the related deferred tax liabilities cannot be used as a source of future taxable income for purposes of determining the need for a valuation allowance. Based upon this evaluation, a full valuation allowance has been recorded as of December 31, 2014 and 2013. The change in valuation allowance was $11,049,207 and $9,883,003, respectively for the years ended December 31, 2014 and 2013. |
Note_13_Fair_Value_Measurement
Note 13 - Fair Value Measurement | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||
Fair Value Disclosures [Text Block] | Note 13. Fair Value Measurement | ||||||||||||||||
Valuation Hierarchy | |||||||||||||||||
The FASB’s accounting standard for fair value measurements establishes a valuation hierarchy for disclosure of the inputs to valuation used to measure fair value. This hierarchy prioritizes the inputs into three broad levels. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 inputs are unobservable inputs based on the Company’s own assumptions used to measure assets and liabilities at fair value. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. | |||||||||||||||||
Cash and cash equivalents are measured at fair value using quoted market prices and are classified within Level 1 of the valuation hierarchy. The carrying amounts of accounts receivable, accounts payable and accrued liabilities approximate their fair value due to their short maturities. There were no changes in the valuation techniques during the year ended December 31, 2014. | |||||||||||||||||
Total Carrying Value | Quoted prices in active markets | Significant other observable inputs (Level 2) | Significant unobservable inputs (Level 3) | ||||||||||||||
(Level 1) | |||||||||||||||||
31-Dec-14 | $ | 38,027,509 | $ | 38,027,509 | $ | - | $ | - | |||||||||
31-Dec-13 | $ | 28,181,531 | $ | 28,181,531 | $ | - | $ | - | |||||||||
Note_14_Commitments
Note 14 - Commitments | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Disclosure Text Block Supplement [Abstract] | |||||||||||||
Commitments Disclosure [Text Block] | Note 14. Commitments | ||||||||||||
Operating Lease Obligations. | |||||||||||||
The Company has entered into operating leases related to roof rights, cellular towers, office space, and equipment leases under various non-cancelable agreements expiring through August 2023. Certain of these operating leases include extensions, at the Company's option, for additional terms ranging from 1 to 25 years. Amounts associated with the extension periods have not been included in the table below as it is not presently determinable which options, if any, the Company will elect to exercise. As of December 31, 2014, total future operating lease obligations were as follows: | |||||||||||||
Years Ending December 31, | |||||||||||||
2015 | $ | 20,885,399 | |||||||||||
2016 | 19,548,552 | ||||||||||||
2017 | 13,793,190 | ||||||||||||
2018 | 6,281,442 | ||||||||||||
2019 | 2,758,765 | ||||||||||||
Thereafter | 1,029,448 | ||||||||||||
$ | 64,296,796 | ||||||||||||
Rent expenses were as follows: | |||||||||||||
Year Ended December 31 , | |||||||||||||
2014 | 2013 | 2012 | |||||||||||
Points of Presence | $ | 7,746,573 | $ | 7,128,778 | $ | 5,823,961 | |||||||
Street level rooftops | 13,183,209 | 11,067,316 | 5,313,649 | ||||||||||
Corporate offices | 336,437 | 518,245 | 493,111 | ||||||||||
Other | 362,281 | 437,718 | 389,461 | ||||||||||
$ | 21,628,500 | $ | 19,152,057 | $ | 12,020,182 | ||||||||
Rent expenses related to Points of Presence, street level rooftops and other were included in cost of revenues in the Company’s consolidated statements of operations. Rent expense related to the Company’s corporate offices was included in general and administrative expenses in the Company’s consolidated statements of operations. | |||||||||||||
In September 2013, the Company entered into a new lease agreement for its corporate offices and new warehouse space. The lease commenced on January 1, 2014 and expires on December 31, 2019 with an option to renew for an additional five year term through December 31, 2024. The Company spent approximately $600,000 in leasehold improvements in connection with consolidating its corporate based employees from two buildings into one building. The Landlord agreed to contribute $380,000 in funding towards qualified leasehold improvements and made such payment to the Company in February 2014. Total annual rent payments begin at $359,750 for 2014 and escalate by 3% annually reaching $416,970 for 2019. | |||||||||||||
In December 2014, the Company entered into a new lease agreement in Florida, primarily for a second sales center. The lease commenced in February 2015 for 38 months with an option to renew for an additional 60 month period. Total annual rent payments begin at $53,130 and escalate by 3% annually. | |||||||||||||
Capital Lease Obligations | |||||||||||||
The Company has entered into capital leases to acquire property and equipment expiring through March 2018. As of December 31, 2014, total future capital lease obligations were as follows: | |||||||||||||
Years Ending December 31, | |||||||||||||
2015 | $ | 1,042,934 | |||||||||||
2016 | 790,345 | ||||||||||||
2017 | 517,727 | ||||||||||||
2018 | 53,922 | ||||||||||||
$ | 2,404,928 | ||||||||||||
Less: Interest expense | 273,402 | ||||||||||||
Total capital lease obligations | $ | 2,131,526 | |||||||||||
Current | $ | 845,668 | |||||||||||
Long-Term | $ | 1,285,858 | |||||||||||
Other. During the fourth quarter of 2013, the Company renewed a one year information technology infrastructure support agreement. The agreement becomes effective at the end of the first quarter of 2014. Payments of approximately $121,000 are due quarterly through the first quarter of 2015. |
Note_15_Segment_Information
Note 15 - Segment Information | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||
Segment Reporting Disclosure [Text Block] | Note 15. Segment Information | ||||||||||||||||||||
The Company has two reportable segments: Fixed Wireless and Shared Wireless Infrastructure. Management evaluates performance and allocates resources based on the operating performance of each segment as well as the long-term growth potential for each segment. Costs reported for each segment include costs directly associated with a segment’s operations. Intersegment revenues and expenses are eliminated in consolidation. | |||||||||||||||||||||
The balance of the Company’s operations is in the Corporate group which includes centralized operations. This group includes operations related to corporate overhead and centralized activities which support the Company’s overall operations. Corporate overhead includes administrative personnel, including executive management, and other support functions such as information technology and facilities. Centralized operations includes network operations, customer care, and the management of network assets. The Corporate group is treated as a separate segment consistent with how management monitors and analyzes financial results. Corporate costs are not allocated to the segments because such costs are managed and controlled on a functional basis that encompasses all markets, with centralized, functional management held accountable for corporate results. Management also believes that not allocating these centralized costs provides a better reflection of the direct operating performance of each segment. The table below presents information about the Company’s operating segments: | |||||||||||||||||||||
Three Months Ended December 31, 2014 (Unaudited) | |||||||||||||||||||||
Fixed | Shared Wireless Infrastructure | Corporate | Eliminations | Total | |||||||||||||||||
Wireless | |||||||||||||||||||||
Revenues | $ | 7,308,005 | $ | 827,289 | $ | - | $ | (45,499 | ) | $ | 8,089,795 | ||||||||||
Operating Expenses | |||||||||||||||||||||
Cost of revenues (exclusive of depreciation) | 2,684,310 | 3,708,024 | 4,417 | (45,499 | ) | 6,351,252 | |||||||||||||||
Depreciation and amortization | 2,098,737 | 1,025,192 | 220,614 | - | 3,344,543 | ||||||||||||||||
Customer support services | 326,465 | 180,866 | 725,136 | - | 1,232,467 | ||||||||||||||||
Sales and marketing | 1,274,405 | 51,139 | 70,944 | - | 1,396,488 | ||||||||||||||||
General and administrative | 226,276 | 101,695 | 2,282,010 | - | 2,609,981 | ||||||||||||||||
Total Operating Expenses | 6,610,193 | 5,066,916 | 3,303,121 | (45,499 | ) | 14,934,731 | |||||||||||||||
Operating Income (Loss) | $ | 697,812 | $ | (4,239,627 | ) | $ | (3,303,121 | ) | $ | - | $ | (6,844,936 | ) | ||||||||
Capital expenditures | $ | 1,523,831 | $ | 202,310 | $ | 43,473 | $ | - | $ | 1,769,614 | |||||||||||
Three Months Ended December 31, 2013 (Unaudited) | |||||||||||||||||||||
Fixed | Shared Wireless Infrastructure | Corporate | Eliminations | Total | |||||||||||||||||
Wireless | |||||||||||||||||||||
Revenues | $ | 7,917,411 | $ | 649,781 | $ | - | $ | (45,969 | ) | $ | 8,521,223 | ||||||||||
Operating Expenses | |||||||||||||||||||||
Cost of revenues (exclusive of depreciation) | 2,704,120 | 3,575,172 | 28,949 | (45,969 | ) | 6,262,272 | |||||||||||||||
Depreciation and amortization | 2,651,546 | 875,471 | 170,869 | - | 3,697,886 | ||||||||||||||||
Customer support services | 342,850 | 197,391 | 543,291 | - | 1,083,532 | ||||||||||||||||
Sales and marketing | 1,302,457 | 62,365 | 81,390 | - | 1,446,212 | ||||||||||||||||
General and administrative | 148,484 | 182,131 | 2,328,642 | - | 2,659,257 | ||||||||||||||||
Total Operating Expenses | 7,149,457 | 4,892,530 | 3,153,141 | (45,969 | ) | 15,149,159 | |||||||||||||||
Operating Income (Loss) | $ | 767,954 | $ | (4,242,749 | ) | $ | (3,153,141 | ) | $ | - | $ | (6,627,936 | ) | ||||||||
Capital expenditures | $ | 1,160,116 | $ | 1,264,893 | $ | 908,796 | $ | - | $ | 3,333,805 | |||||||||||
Year Ended December 31, 2014 | |||||||||||||||||||||
Fixed | Shared Wireless Infrastructure | Corporate | Eliminations | Total | |||||||||||||||||
Wireless | |||||||||||||||||||||
Revenues | $ | 30,119,587 | $ | 3,099,972 | $ | - | $ | (183,406 | ) | $ | 33,036,153 | ||||||||||
Operating Expenses | |||||||||||||||||||||
Cost of revenues (exclusive of depreciation) | 10,435,035 | 14,220,122 | 48,277 | (183,406 | ) | 24,520,028 | |||||||||||||||
Depreciation and amortization | 8,697,630 | 3,957,784 | 984,001 | - | 13,639,415 | ||||||||||||||||
Customer support services | 1,205,229 | 683,208 | 2,907,601 | - | 4,796,038 | ||||||||||||||||
Sales and marketing | 5,029,112 | 229,013 | 312,066 | - | 5,570,191 | ||||||||||||||||
General and administrative | 600,440 | 568,985 | 9,167,079 | - | 10,336,504 | ||||||||||||||||
Total Operating Expenses | 25,967,446 | 19,659,112 | 13,419,024 | (183,406 | ) | 58,862,176 | |||||||||||||||
Operating Income (Loss) | $ | 4,152,141 | $ | (16,559,140 | ) | $ | (13,419,024 | ) | $ | - | $ | (25,826,023 | ) | ||||||||
Capital expenditures | $ | 5,567,966 | $ | 2,220,644 | $ | 382,264 | $ | - | $ | 8,170,874 | |||||||||||
As of December 31, 2014 | |||||||||||||||||||||
Property and equipment, net | $ | 21,036,228 | $ | 10,758,309 | $ | 2,110,749 | $ | - | $ | 33,905,286 | |||||||||||
Total assets | $ | 25,809,743 | $ | 13,333,467 | $ | 43,178,628 | $ | - | $ | 82,321,838 | |||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||
Fixed | Shared Wireless Infrastructure | Corporate | Eliminations | Total | |||||||||||||||||
Wireless | |||||||||||||||||||||
Revenues | $ | 32,075,680 | $ | 1,540,700 | $ | - | $ | (183,096 | ) | $ | 33,433,284 | ||||||||||
Operating Expenses | |||||||||||||||||||||
Cost of revenues (exclusive of depreciation) | 9,933,588 | 11,980,098 | 123,573 | (183,096 | ) | 21,854,163 | |||||||||||||||
Depreciation and amortization | 11,062,809 | 3,508,646 | 779,986 | - | 15,351,441 | ||||||||||||||||
Customer support services | 1,243,201 | 784,779 | 2,855,239 | - | 4,883,219 | ||||||||||||||||
Sales and marketing | 5,127,756 | 301,578 | 350,166 | - | 5,779,500 | ||||||||||||||||
General and administrative | 592,347 | 668,627 | 9,772,083 | - | 11,033,057 | ||||||||||||||||
Total Operating Expenses | 27,959,701 | 17,243,728 | 13,881,047 | (183,096 | ) | 58,901,380 | |||||||||||||||
Operating Income (Loss) | $ | 4,115,979 | $ | (15,703,028 | ) | $ | (13,881,047 | ) | $ | - | $ | (25,468,096 | ) | ||||||||
Capital expenditures | $ | 4,518,874 | $ | 2,314,236 | $ | 1,258,469 | $ | - | $ | 8,091,579 | |||||||||||
As of December 31, 2013 | |||||||||||||||||||||
Property and equipment, net | $ | 23,069,396 | $ | 12,802,647 | $ | 2,612,815 | $ | - | $ | 38,484,858 | |||||||||||
Total assets | $ | 28,885,389 | $ | 15,130,388 | $ | 30,901,690 | $ | - | $ | 74,917,467 | |||||||||||
Note_16_Quarterly_Financial_In
Note 16 - Quarterly Financial Information (unaudited) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||
Quarterly Financial Information [Text Block] | Note 16. Quarterly Financial Information (unaudited) | ||||||||||||||||
Three Months Ended | |||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2014 | 2014 | 2014 | 2014 | ||||||||||||||
Revenues | $ | 8,379,906 | $ | 8,264,848 | $ | 8,301,604 | $ | 8,089,795 | |||||||||
Operating Expenses | 14,823,032 | 14,596,336 | 14,508,077 | 14,934,731 | |||||||||||||
Operating Loss | (6,443,126 | ) | (6,331,488 | ) | (6,206,473 | ) | (6,844,936 | ) | |||||||||
Net Loss | (6,509,807 | ) | (6,394,606 | ) | (6,254,073 | ) | (8,433,264 | ) | |||||||||
Net Loss per common share – basic and diluted | (0.10 | ) | (0.10 | ) | (0.09 | ) | (0.12 | ) | |||||||||
Weighted average number of shares outstanding – basic and diluted | 66,439,061 | 66,478,686 | 66,643,804 | 67,642,056 | |||||||||||||
Three Months Ended | |||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2013 | 2013 | 2013 | 2013 | ||||||||||||||
Revenues | $ | 8,299,223 | $ | 8,212,175 | $ | 8,400,664 | $ | 8,521,223 | |||||||||
Operating Expenses | 14,827,742 | 14,443,667 | 14,480,814 | 15,149,159 | |||||||||||||
Operating Loss | (6,528,519 | ) | (6,231,492 | ) | (6,080,150 | ) | (6,627,936 | ) | |||||||||
Net Loss | (5,626,306 | ) | (6,231,150 | ) | (6,143,393 | ) | (6,774,441 | ) | |||||||||
Net Loss per common share – basic and diluted | (0.09 | ) | (0.09 | ) | (0.09 | ) | (0.10 | ) | |||||||||
Weighted average number of shares outstanding – basic and diluted | 61,464,706 | 66,370,789 | 66,402,499 | 66,419,380 | |||||||||||||
Three Months Ended | |||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2012 | 2012 | 2012 | 2012 | ||||||||||||||
Revenues | $ | 7,819,059 | $ | 8,103,321 | $ | 8,127,507 | $ | 8,229,543 | |||||||||
Operating Expenses | 12,189,123 | 12,817,112 | 13,507,490 | 14,511,371 | |||||||||||||
Operating Loss | (4,370,064 | ) | (4,713,791 | ) | (5,379,983 | ) | (6,281,828 | ) | |||||||||
Net Loss | (4,380,132 | ) | (4,758,659 | ) | (5,408,234 | ) | (6,442,550 | ) | |||||||||
Net Loss per common share – basic and diluted | (0.08 | ) | (0.09 | ) | (0.10 | ) | (0.12 | ) | |||||||||
Weighted average number of shares outstanding – basic and diluted | 54,312,066 | 54,369,177 | 54,403,237 | 54,648,241 | |||||||||||||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Accounting Policies [Abstract] | |||||||||||||
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. | ||||||||||||
Use of Estimates, Policy [Policy Text Block] | Use of Estimates. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the amounts of revenues and expenses. Actual results could differ from those estimates. | ||||||||||||
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents. The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. | ||||||||||||
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk. Financial instruments that potentially subject the Company to significant concentrations of credit risk consist of cash and cash equivalents. At times, the Company’s cash and cash equivalents may be uninsured or in deposit accounts that exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance limits. As of December 31, 2014, the Company had cash and cash equivalent balances of approximately $37,506,000 in excess of the federally insured limit of $250,000. | ||||||||||||
Receivables, Policy [Policy Text Block] | Accounts Receivable. Accounts receivable are stated at cost less an allowance for doubtful accounts which reflects the Company’s estimate of balances that will not be collected. The allowance is based on the history of past write-offs, the aging of balances, collections experience and current credit conditions. Additions include provisions for doubtful accounts and deductions include customer write-offs. Changes in the allowance for doubtful accounts were as follows: | ||||||||||||
Years Ended December 31, | |||||||||||||
2014 | 2013 | ||||||||||||
Beginning of period | $ | 81,009 | $ | 190,109 | |||||||||
Additions | 322,000 | 85,000 | |||||||||||
Deductions | (343,736 | ) | (194,100 | ) | |||||||||
End of period | $ | 59,273 | $ | 81,009 | |||||||||
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment. Property and equipment are stated at cost and include equipment, installation costs and materials. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Leasehold improvements are amortized over the lesser of the useful lives or the term of the respective lease. Network, base station, shared wireless infrastructure and customer premise equipment are depreciated over estimated useful lives of 5 years; furniture, fixtures and other from 3 to 5 years and information technology from 3 to 5 years. | ||||||||||||
Expenditures for maintenance and repairs which do not extend the useful life of the assets are charged to expense as incurred. Gains or losses on disposals of property and equipment are reflected in general and administrative expenses in the statement of operations. | |||||||||||||
Goodwill and Intangible Assets, Intangible Assets, Indefinite-Lived, Policy [Policy Text Block] | FCC Licenses. Federal Communications Commission (“FCC”) licenses are initially recorded at cost and are considered to be intangible assets with an indefinite life because the Company is able to maintain the license indefinitely as long as it complies with certain FCC requirements. The Company intends to and has demonstrated an ability to maintain compliance with such requirements. The Financial Accounting Standards Board’s (“FASB”) guidance on goodwill and other intangible assets states that an asset with an indefinite useful life is not amortized. However, as further described in the next paragraph, these assets are reviewed annually for impairment. | ||||||||||||
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Long-Lived Assets. Long-lived assets with definitive lives consist primarily of property and equipment, and intangible assets. Long-lived assets are evaluated periodically for impairment, or whenever events or circumstances indicate their carrying value may not be recoverable. Conditions that would result in an impairment charge include a significant decline in the fair value of an asset, a significant change in the extent or manner in which an asset is used, or a significant adverse change that would indicate that the carrying amount of an asset or group of assets is not recoverable. When such events or circumstances arise, an estimate of the future undiscounted cash flows produced by the asset, or the appropriate grouping of assets, is compared to the asset’s carrying value to determine if impairment exists. If the asset is determined to be impaired, the impairment loss is measured based on the excess of its carrying value over its fair value. Assets to be disposed of are reported at the lower of their carrying value or net realizable value. | ||||||||||||
The Company has determined that there were no impairments of property and equipment or intangible assets during the years ended December 31, 2014 and 2013. | |||||||||||||
The FASB’s guidance on asset retirement obligations addresses financial accounting and reporting for obligations associated with the retirement of tangible long-lived assets and the associated costs. This guidance requires the recognition of an asset retirement obligation and an associated asset retirement cost when there is a legal obligation associated with the retirement of tangible long-lived assets. The Company’s network equipment is installed on both buildings in which the Company has a lease agreement (“Company Locations”) and at customer locations. In both instances, the installation and removal of the Company’s equipment is not complicated and does not require structural changes to the building where the equipment is installed. Costs associated with the removal of the Company’s equipment at company or customer locations are not material, and accordingly, the Company has determined that it does not presently have asset retirement obligations under the FASB’s accounting guidance. | |||||||||||||
Business Combinations Policy [Policy Text Block] | Business Acquisitions. Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the fair value of the consideration transferred on the acquisition date. When the Company acquires a business, it assesses the acquired assets and liabilities assumed for the appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions at the acquisition date. The excess of the total consideration transferred over the net identifiable assets acquired and liabilities assumed is recognized as goodwill. If this consideration is lower than the fair value of the identifiable net assets acquired, the difference is recognized as a gain on business acquisition. Acquisition costs are expensed and included in general and administrative expenses in the Company’s consolidated statements of operations. | ||||||||||||
The highest level of judgment and estimation involved in accounting for business acquisitions relates to determining the fair value of the customer relationships and network assets acquired. In each of the five acquisitions completed over the past four years, the highest asset value has been allocated to the customer relationships acquired. Determining the fair value of customer relationships involves judgments and estimates regarding how long the customers will continue to contract services with the Company. During the course of completing five acquisitions, the Company has developed a database of historical experience from prior acquisitions to assist in preparing future estimates of cash flows. Similarly, the Company has used its historical experience in building networks to prepare estimates regarding the fair value of the network assets that it acquires. | |||||||||||||
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Goodwill. Goodwill represents the excess of the purchase price over the estimated fair value of identifiable net assets acquired in an acquisition. Goodwill is not amortized but rather is reviewed annually for impairment, or whenever events or circumstances indicate that the carrying value may not be recoverable. The Company initially performs a qualitative assessment of goodwill which considers macro-economic conditions, industry and market trends, and the current and projected financial performance of the reporting unit. No further analysis is required if it is determined that there is a less than 50 percent likelihood that the carrying value is greater than the fair value. The Company completed a qualitative assessment and determined that there was no impairment of goodwill as of December 31, 2014 and 2013, respectively. | ||||||||||||
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments. The Company has categorized its financial assets and liabilities measured at fair value into a three-level hierarchy in accordance with the FASB’s guidance. Fair value is defined as an exit price, the amount that would be received upon the sale of an asset or paid upon the transfer of a liability in an orderly transaction between market participants at the measurement date. The degree of judgment utilized in measuring the fair value of assets and liabilities generally correlates to the level of pricing observability. Financial assets and liabilities with readily available, actively quoted prices or for which fair value can be measured from actively quoted prices in active markets generally have more pricing observability and require less judgment in measuring fair value. Conversely, financial assets and liabilities that are rarely traded or not quoted have less price observability and are generally measured at fair value using valuation models that require more judgment. These valuation techniques involve some level of management estimation and judgment, the degree of which is dependent on the price transparency of the asset, liability or market and the nature of the asset or liability. | ||||||||||||
Income Tax, Policy [Policy Text Block] | Income Taxes. Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period enacted. A valuation allowance is provided when it is more likely than not that a portion or all of a deferred tax asset will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income and the reversal of deferred tax liabilities during the period in which related temporary differences become deductible. The benefit of tax positions taken or expected to be taken in the Company’s income tax returns are recognized in the consolidated financial statements if such positions are more likely than not to be sustained upon examination. | ||||||||||||
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition. The Company normally enters into contractual agreements with its customers for periods ranging between one to three years. The Company recognizes the total revenue provided under a contract ratably over the contract period, including any periods under which the Company has agreed to provide services at no cost. The Company applies the revenue recognition principles set forth under the United States Securities and Exchange Commission Staff Accounting Bulletin 104, (“SAB 104”) which provides for revenue to be recognized when (i) persuasive evidence of an arrangement exists, (ii) delivery or installation has been completed, (iii) the customer accepts and verifies receipt, and (iv) collectability is reasonably assured. | ||||||||||||
Revenue Recognition, Deferred Revenue [Policy Text Block] | Deferred Revenues. Customers are billed monthly in advance. Deferred revenues are recognized for that portion of monthly charges not yet earned as of the end of the reporting period. Deferred revenues are also recognized for certain customers who pay for their services in advance. | ||||||||||||
Advertising Costs, Policy [Policy Text Block] | Advertising Costs. The Company charges advertising costs to expense as incurred. Advertising costs for the years ended December 31, 2014, 2013 and 2012 were approximately $1,133,000, $1,100,000 and $1,096,000, respectively, and are included in sales and marketing expenses in the Company’s consolidated statements of operations. | ||||||||||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Intrinsic Value of Stock Options and Warrants. The Company calculates the intrinsic value of stock options and warrants as the difference between the closing price of the Company’s common stock at the end of the reporting period and the exercise price of the stock options and warrants. | ||||||||||||
Stock-Based Compensation. The Company accounts for stock-based awards issued to employees in accordance with FASB guidance. Such awards primarily consist of options to purchase shares of common stock. The fair value of stock-based awards is determined on the grant date using a valuation model. The fair value is recognized as compensation expense, net of estimated forfeitures, on a straight line basis over the service period which is normally the vesting period. | |||||||||||||
Earnings Per Share, Policy [Policy Text Block] | Basic and Diluted Net Loss Per Share. Basic and diluted net loss per share has been calculated by dividing net loss by the weighted average number of common shares outstanding during the period. All potentially dilutive common shares have been excluded since their inclusion would be anti-dilutive. | ||||||||||||
The following common stock equivalents were excluded from the computation of diluted net loss per common share because they were anti-dilutive. The exercise of these common stock equivalents would dilute earnings per shares if the Company becomes profitable in the future. The exercise of the stock options and warrants outstanding at December 31, 2014 would generate proceeds up to approximately $16,203,000. | |||||||||||||
Years Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||
Stock options | 3,997,695 | 4,055,016 | 3,916,045 | ||||||||||
Warrants | 2,850,000 | 450,000 | 450,000 | ||||||||||
Total | 6,847,695 | 4,505,016 | 4,366,045 | ||||||||||
Reclassification, Policy [Policy Text Block] | Reclassifications. Certain accounts in the prior years’ consolidated financial statements have been reclassified for comparative purposes to conform to the presentation in the current year’s consolidated financial statements. These reclassifications have no effect on the previously reported net loss. | ||||||||||||
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements. In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09 (“ASU 2014-09”), “Revenue from Contracts with Customers,” which requires an entity to recognize revenue representing the transfer of promised goods or services to customers in an amount that reflects the consideration which the company expects to receive in exchange for those goods or services. ASU 2014-09 is intended to establish principles for reporting useful information to users of financial statements about the nature, amount, timing and uncertainty of revenues and cash flows arising from the entity’s contracts with customers. ASU 2014-09 will replace most existing revenue recognition guidance in Generally Accepted Accounting Principles (“GAAP”) when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The Company is currently evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. | ||||||||||||
In June 2014, the FASB issued ASU No. 2014-12 (“ASU 2014-12”), “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period,” which requires a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. ASU 2014-12 states that the performance target should not be reflected in estimating the grant date fair value of the award. ASU 2014-12 clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the periods for which the requisite service has already been rendered. The new standard is effective for the Company on January 1, 2016. The Company does not expect adoption of ASU 2014-12 to have a significant impact on its consolidated financial statements. | |||||||||||||
In August 2014, the FASB issued ASU No. 2014–15 (“ASU 2014-15”), “Presentation of Financial Statements – Going Concern.” ASU 2014-15 provides GAAP guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and about related footnote disclosures. For each reporting period, management will be required to evaluate whether there are conditions or events that raise substantial doubt about a company’s ability to continue as a going concern within one year from the date the financial statements are issued. The new standard is effective for the Company on January 1, 2017. The Company does not expect the adoption of ASU 2014–15 to have a significant impact on its consolidated financial statements. | |||||||||||||
Subsequent Events, Policy [Policy Text Block] | Subsequent Events. Subsequent events have been evaluated through the date of this filing. |
Note_2_Summary_of_Significant_1
Note 2 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Accounting Policies [Abstract] | |||||||||||||
Schedule of Allowance for Doubtful Accounts Receivable [Table Text Block] | Years Ended December 31, | ||||||||||||
2014 | 2013 | ||||||||||||
Beginning of period | $ | 81,009 | $ | 190,109 | |||||||||
Additions | 322,000 | 85,000 | |||||||||||
Deductions | (343,736 | ) | (194,100 | ) | |||||||||
End of period | $ | 59,273 | $ | 81,009 | |||||||||
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | Years Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | |||||||||||
Stock options | 3,997,695 | 4,055,016 | 3,916,045 | ||||||||||
Warrants | 2,850,000 | 450,000 | 450,000 | ||||||||||
Total | 6,847,695 | 4,505,016 | 4,366,045 |
Note_3_Business_Acquisitions_T
Note 3 - Business Acquisitions (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Business Combinations [Abstract] | |||||||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Original | Adjustments | Final | ||||||||||
Fair value of consideration transferred: | |||||||||||||
Cash | $ | 225,000 | $ | - | $ | 225,000 | |||||||
Common stock | 1,071,172 | (119,916 | ) | 951,256 | |||||||||
Other liabilities assumed | - | 36,733 | 36,733 | ||||||||||
Capital lease obligations assumed | 128,929 | - | 128,929 | ||||||||||
Total consideration transferred | 1,425,101 | (83,183 | ) | 1,341,918 | |||||||||
Fair value of identifiable assets acquired and liabilities assumed: | |||||||||||||
Cash | 2,058 | - | 2,058 | ||||||||||
Accounts receivable | 80,524 | 1,286 | 79,238 | ||||||||||
Property and equipment | 826,524 | 18,824 | 807,700 | ||||||||||
Security deposits | 1,993 | - | 1,993 | ||||||||||
Accounts payable | (26,970 | ) | 2,566 | (29,536 | ) | ||||||||
Deferred revenue | (62,110 | ) | (2,135 | ) | (59,975 | ) | |||||||
Other liabilities | (89,930 | ) | - | (89,930 | ) | ||||||||
Total identifiable net tangible assets | 732,089 | 20,541 | 711,548 | ||||||||||
Customer relationships | 1,634,469 | - | 1,634,469 | ||||||||||
Total identifiable net assets | 2,366,558 | 20,541 | 2,346,017 | ||||||||||
Gain on business acquisition | $ | 941,457 | $ | 62,642 | $ | 1,004,099 | |||||||
Original | Adjustments | Final | |||||||||||
Fair value of consideration transferred: | |||||||||||||
Cash | $ | 2,800,000 | $ | - | $ | 2,800,000 | |||||||
Common stock | 2,286,567 | (243,309 | ) | 2,043,258 | |||||||||
Other liabilities assumed | 121,777 | - | 121,777 | ||||||||||
Capital lease obligations assumed | 111,537 | 22,424 | 133,961 | ||||||||||
Total consideration transferred | 5,319,881 | (220,885 | ) | 5,098,996 | |||||||||
Fair value of identifiable assets acquired and liabilities assumed: | |||||||||||||
Customer relationships | 4,584,756 | (39,816 | ) | 4,544,940 | |||||||||
Property and equipment | 1,976,852 | - | 1,976,852 | ||||||||||
Accounts receivable | 383,947 | (420 | ) | 383,527 | |||||||||
Security deposits | 7,506 | - | 7,506 | ||||||||||
Prepaid expenses and other current assets | 48,425 | - | 48,425 | ||||||||||
Accounts payable | (5,984 | ) | - | (5,984 | ) | ||||||||
Deferred revenue | (488,875 | ) | (4,106 | ) | (492,981 | ) | |||||||
Customer credits | (656 | ) | (216,622 | ) | (217,278 | ) | |||||||
Total identifiable net assets | 6,505,971 | (260,964 | ) | 6,245,007 | |||||||||
Gain on business acquisition | $ | 1,186,090 | $ | (40,079 | ) | $ | 1,146,011 | ||||||
Business Acquisition, Pro Forma Information [Table Text Block] | Years Ended December 31, | ||||||||||||
2013 | 2012 | ||||||||||||
Revenues | $ | 33,545,854 | $ | 32,954,850 | |||||||||
Amortization expense | 3,159,196 | 3,764,041 | |||||||||||
Total operating expenses | 59,073,359 | 54,056,970 | |||||||||||
Net loss | (24,756,167 | ) | (21,219,773 | ) | |||||||||
Basic net loss per share | $ | (0.38 | ) | $ | (0.39 | ) |
Note_4_Property_and_Equipment_
Note 4 - Property and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | |||||||||
Property, Plant and Equipment [Table Text Block] | As of December 31, | ||||||||
2014 | 2013 | ||||||||
Network and base station equipment | $ | 35,836,469 | $ | 32,233,262 | |||||
Customer premise equipment | 26,511,691 | 24,244,017 | |||||||
Shared wireless infrastructure | 21,044,189 | 19,128,064 | |||||||
Information technology | 4,628,555 | 4,417,869 | |||||||
Furniture, fixtures and other | 1,669,340 | 1,661,567 | |||||||
Leasehold improvements | 1,599,393 | 1,433,984 | |||||||
91,289,637 | 83,118,763 | ||||||||
Less: accumulated depreciation | 57,384,351 | 44,633,905 | |||||||
Property and equipment, net | $ | 33,905,286 | $ | 38,484,858 | |||||
Schedule of Capital Leased Assets [Table Text Block] | As of December 31, | ||||||||
2014 | 2013 | ||||||||
Network and base station equipment | $ | 1,003,875 | $ | 828,027 | |||||
Shared wireless infrastructure | 1,230,305 | 1,216,142 | |||||||
Customer premise equipment | 246,484 | 96,843 | |||||||
Information technology | 1,860,028 | 1,860,028 | |||||||
4,340,692 | 4,001,040 | ||||||||
Less: accumulated depreciation | 2,135,534 | 1,333,666 | |||||||
Property acquired through capital leases, net | $ | 2,205,158 | $ | 2,667,374 |
Note_5_Intangible_Assets_Table
Note 5 - Intangible Assets (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Disclosure Text Block [Abstract] | |||||||||
Schedule of Intangible Assets and Goodwill [Table Text Block] | As of December 31, | ||||||||
2014 | 2013 | ||||||||
Goodwill | $ | 1,674,281 | $ | 1,674,281 | |||||
Customer relationships | $ | 11,856,127 | $ | 11,856,127 | |||||
Less: accumulated amortization of customer relationships | 10,940,824 | 10,051,855 | |||||||
Customer relationships, net | 915,303 | 1,804,272 | |||||||
FCC licenses | 1,284,555 | 1,284,555 | |||||||
Intangible assets, net | $ | 2,199,858 | $ | 3,088,827 | |||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Years Ending December 31, | ||||||||
2015 | $ | 392,272 | |||||||
2016 | 392,272 | ||||||||
2017 | 130,759 | ||||||||
$ | 915,303 |
Note_6_Accrued_Expenses_Tables
Note 6 - Accrued Expenses (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Accrued Liabilities Disclosure [Abstract] | |||||||||
Schedule of Accrued Liabilities [Table Text Block] | Accrued expenses consist of the following: | As of December 31, | |||||||
2014 | 2013 | ||||||||
Payroll and related | $ | 726,917 | $ | 937,624 | |||||
Property and equipment | 524,280 | 867,311 | |||||||
Other | 280,413 | 293,402 | |||||||
Professional services | 256,534 | 186,917 | |||||||
Network | 187,440 | 138,684 | |||||||
Marketing | 63,112 | 108,741 | |||||||
Total | $ | 2,038,696 | $ | 2,532,679 |
Note_7_Other_Liabilities_Table
Note 7 - Other Liabilities (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract] | |||||||||
Schedule of Other Liabilities [Table Text Block] | Other liabilities consist of the following: | As of December 31, | |||||||
2014 | 2013 | ||||||||
Current | |||||||||
Deferred rent | $ | 46,058 | $ | - | |||||
Deferred acquisition payments | 11,184 | 67,255 | |||||||
Total | $ | 57,242 | $ | 67,255 | |||||
Long-Term | |||||||||
Deferred rent | $ | 1,373,163 | $ | 662,361 | |||||
Deferred acquisition payments | 341 | 11,516 | |||||||
Deferred taxes | 401,337 | 322,805 | |||||||
Total | $ | 1,774,841 | $ | 996,682 |
Note_9_Capital_Stock_Tables
Note 9 - Capital Stock (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Stockholders' Equity Note [Abstract] | |||||||||||||
Schedule of Stock Option Exercised [Table Text Block] | For the Years Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | |||||||||||
Cash basis: | |||||||||||||
Total options exercised | - | 284,688 | 337,128 | ||||||||||
Total proceeds received | $ | - | $ | 292,389 | $ | 329,041 | |||||||
Cashless basis: | |||||||||||||
Total options exercised | 340,906 | 135,471 | 256,955 | ||||||||||
Net issuance of common stock | 192,270 | 37,770 | 162,884 |
Note_10_Stock_Option_Plans_and1
Note 10 - Stock Option Plans and Warrants (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Years Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | |||||||||||
Risk-free interest rate | 1.1% -1.8 | % | 0.8% - 1.9 | % | 0.6% - 1.0 | % | |||||||
Expected volatility | 47% - 60 | % | 65% - 68 | % | 65% - 74 | % | |||||||
Expected life (in years) | 4.1 - 5.3 | 5.0 - 6.5 | 5.0 - 5.3 | ||||||||||
Expected dividend yield | 0 | % | 0 | % | 0 | % | |||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | Number of Options | Weighted | |||||||||||
Average Exercise Price | |||||||||||||
Outstanding as of January 1, 2012 | 4,635,624 | $ | 2.85 | ||||||||||
Granted during 2012 | 250,000 | 3.62 | |||||||||||
Exercised | (594,083 | ) | 1.19 | ||||||||||
Forfeited /expired | (375,496 | ) | 6.04 | ||||||||||
Outstanding as of December 31, 2012 | 3,916,045 | $ | 2.85 | ||||||||||
Granted during 2013 | 950,000 | 2.4 | |||||||||||
Exercised | (420,159 | ) | 1.23 | ||||||||||
Forfeited /expired | (390,870 | ) | 5.07 | ||||||||||
Outstanding as of December 31, 2013 | 4,055,016 | $ | 2.7 | ||||||||||
Granted during 2014 | 737,073 | 1.42 | |||||||||||
Exercised | (340,906 | ) | 0.74 | ||||||||||
Forfeited /expired | (453,488 | ) | 1.78 | ||||||||||
Outstanding as of December 31, 2014 | 3,997,695 | $ | 2.73 | ||||||||||
Exercisable as of December 31, 2014 | 2,724,763 | $ | 2.84 | ||||||||||
Schedule of Grants Under Stock Option Plan Details [Table Text Block] | For the Years Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | |||||||||||
Annual grants to outside directors | 200,000 | 200,000 | 200,000 | ||||||||||
Executive grants | 172,073 | 125,000 | - | ||||||||||
Employee grants | 315,000 | 625,000 | - | ||||||||||
Non-employee grants | 50,000 | - | 50,000 | ||||||||||
Total | 737,073 | 950,000 | 250,000 | ||||||||||
Schedule of Forfeited or Expired Options Under Stock Option Plans [Table Text Block] | For the Years Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | |||||||||||
Employee terminations | 185,208 | 390,870 | 281,746 | ||||||||||
Expired | 254,030 | - | 75,000 | ||||||||||
Repurchased | 14,250 | - | 18,750 | ||||||||||
Total | 453,488 | 390,870 | 375,496 | ||||||||||
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Number of | Weighted | |||||||||||
Warrants | Average | ||||||||||||
Exercise Price | |||||||||||||
Outstanding as of December 31, 2012 and 2013 | 450,000 | $ | 5 | ||||||||||
Granted during 2014 | 3,600,000 | $ | 0.84 | ||||||||||
Outstanding as of December 31, 2014 | 4,050,000 | $ | 1.31 |
Note_12_Income_Taxes_Tables
Note 12 - Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Years Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | |||||||||||
Current | |||||||||||||
Federal | $ | - | $ | - | $ | - | |||||||
State | - | - | - | ||||||||||
Total current | - | - | - | ||||||||||
Deferred | |||||||||||||
Federal | (9,325,074 | ) | (8,333,801 | ) | (7,017,749 | ) | |||||||
State | (1,645,601 | ) | (1,470,671 | ) | (1,238,426 | ) | |||||||
Change in valuation allowance | 11,049,207 | 9,883,003 | 8,382,431 | ||||||||||
Total deferred | 78,532 | 78,531 | 126,256 | ||||||||||
Provision for income taxes | $ | 78,532 | $ | 78,531 | $ | 126,256 | |||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Years Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | |||||||||||
U.S. Federal statutory rate | (34.0 | )% | (34.0 | )% | (34.0 | )% | |||||||
State taxes | (6.0 | )% | (6.0 | )% | (6.0 | )% | |||||||
Permanent differences | 0.1 | % | 0.3 | % | 0.2 | % | |||||||
Valuation allowance | 40.2 | % | 40 | % | 40.4 | % | |||||||
Effective tax rate | 0.3 | % | 0.3 | % | 0.6 | % | |||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | Years Ended December 31, | ||||||||||||
2014 | 2013 | ||||||||||||
Deferred tax assets | |||||||||||||
Net operating loss carryforwards | $ | 43,362,260 | $ | 33,757,218 | |||||||||
Stock-based compensation | 2,094,946 | 1,802,488 | |||||||||||
Intangible assets | 2,583,348 | 2,441,722 | |||||||||||
Debt discount | 252,788 | - | |||||||||||
Allowance for doubtful accounts | 23,710 | 32,404 | |||||||||||
Other | 32,716 | 184,811 | |||||||||||
Total deferred tax assets | 48,349,768 | 38,218,643 | |||||||||||
Valuation allowance | (45,195,445 | ) | (34,146,238 | ) | |||||||||
Deferred tax assets, net of valuation allowance | 3,154,323 | 4,072,405 | |||||||||||
Deferred tax liabilities | |||||||||||||
Depreciation | (3,154,323 | ) | (4,072,405 | ) | |||||||||
Intangible assets | (401,337 | ) | (322,805 | ) | |||||||||
Total deferred tax liabilities | (3,555,660 | ) | (4,395,210 | ) | |||||||||
Net deferred tax liabilities | $ | (401,337 | ) | $ | (322,805 | ) |
Note_13_Fair_Value_Measurement1
Note 13 - Fair Value Measurement (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Total Carrying Value | Quoted prices in active markets | Significant other observable inputs (Level 2) | Significant unobservable inputs (Level 3) | |||||||||||||
(Level 1) | |||||||||||||||||
31-Dec-14 | $ | 38,027,509 | $ | 38,027,509 | $ | - | $ | - | |||||||||
31-Dec-13 | $ | 28,181,531 | $ | 28,181,531 | $ | - | $ | - |
Note_14_Commitments_Tables
Note 14 - Commitments (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Disclosure Text Block Supplement [Abstract] | |||||||||||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Years Ending December 31, | ||||||||||||
2015 | $ | 20,885,399 | |||||||||||
2016 | 19,548,552 | ||||||||||||
2017 | 13,793,190 | ||||||||||||
2018 | 6,281,442 | ||||||||||||
2019 | 2,758,765 | ||||||||||||
Thereafter | 1,029,448 | ||||||||||||
$ | 64,296,796 | ||||||||||||
Schedule of Rent Expense [Table Text Block] | Year Ended December 31 , | ||||||||||||
2014 | 2013 | 2012 | |||||||||||
Points of Presence | $ | 7,746,573 | $ | 7,128,778 | $ | 5,823,961 | |||||||
Street level rooftops | 13,183,209 | 11,067,316 | 5,313,649 | ||||||||||
Corporate offices | 336,437 | 518,245 | 493,111 | ||||||||||
Other | 362,281 | 437,718 | 389,461 | ||||||||||
$ | 21,628,500 | $ | 19,152,057 | $ | 12,020,182 | ||||||||
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block] | Years Ending December 31, | ||||||||||||
2015 | $ | 1,042,934 | |||||||||||
2016 | 790,345 | ||||||||||||
2017 | 517,727 | ||||||||||||
2018 | 53,922 | ||||||||||||
$ | 2,404,928 | ||||||||||||
Less: Interest expense | 273,402 | ||||||||||||
Total capital lease obligations | $ | 2,131,526 | |||||||||||
Current | $ | 845,668 | |||||||||||
Long-Term | $ | 1,285,858 |
Note_15_Segment_Information_Ta
Note 15 - Segment Information (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three Months Ended December 31, 2014 (Unaudited) | ||||||||||||||||||||
Fixed | Shared Wireless Infrastructure | Corporate | Eliminations | Total | |||||||||||||||||
Wireless | |||||||||||||||||||||
Revenues | $ | 7,308,005 | $ | 827,289 | $ | - | $ | (45,499 | ) | $ | 8,089,795 | ||||||||||
Operating Expenses | |||||||||||||||||||||
Cost of revenues (exclusive of depreciation) | 2,684,310 | 3,708,024 | 4,417 | (45,499 | ) | 6,351,252 | |||||||||||||||
Depreciation and amortization | 2,098,737 | 1,025,192 | 220,614 | - | 3,344,543 | ||||||||||||||||
Customer support services | 326,465 | 180,866 | 725,136 | - | 1,232,467 | ||||||||||||||||
Sales and marketing | 1,274,405 | 51,139 | 70,944 | - | 1,396,488 | ||||||||||||||||
General and administrative | 226,276 | 101,695 | 2,282,010 | - | 2,609,981 | ||||||||||||||||
Total Operating Expenses | 6,610,193 | 5,066,916 | 3,303,121 | (45,499 | ) | 14,934,731 | |||||||||||||||
Operating Income (Loss) | $ | 697,812 | $ | (4,239,627 | ) | $ | (3,303,121 | ) | $ | - | $ | (6,844,936 | ) | ||||||||
Capital expenditures | $ | 1,523,831 | $ | 202,310 | $ | 43,473 | $ | - | $ | 1,769,614 | |||||||||||
Three Months Ended December 31, 2013 (Unaudited) | |||||||||||||||||||||
Fixed | Shared Wireless Infrastructure | Corporate | Eliminations | Total | |||||||||||||||||
Wireless | |||||||||||||||||||||
Revenues | $ | 7,917,411 | $ | 649,781 | $ | - | $ | (45,969 | ) | $ | 8,521,223 | ||||||||||
Operating Expenses | |||||||||||||||||||||
Cost of revenues (exclusive of depreciation) | 2,704,120 | 3,575,172 | 28,949 | (45,969 | ) | 6,262,272 | |||||||||||||||
Depreciation and amortization | 2,651,546 | 875,471 | 170,869 | - | 3,697,886 | ||||||||||||||||
Customer support services | 342,850 | 197,391 | 543,291 | - | 1,083,532 | ||||||||||||||||
Sales and marketing | 1,302,457 | 62,365 | 81,390 | - | 1,446,212 | ||||||||||||||||
General and administrative | 148,484 | 182,131 | 2,328,642 | - | 2,659,257 | ||||||||||||||||
Total Operating Expenses | 7,149,457 | 4,892,530 | 3,153,141 | (45,969 | ) | 15,149,159 | |||||||||||||||
Operating Income (Loss) | $ | 767,954 | $ | (4,242,749 | ) | $ | (3,153,141 | ) | $ | - | $ | (6,627,936 | ) | ||||||||
Capital expenditures | $ | 1,160,116 | $ | 1,264,893 | $ | 908,796 | $ | - | $ | 3,333,805 | |||||||||||
Year Ended December 31, 2014 | |||||||||||||||||||||
Fixed | Shared Wireless Infrastructure | Corporate | Eliminations | Total | |||||||||||||||||
Wireless | |||||||||||||||||||||
Revenues | $ | 30,119,587 | $ | 3,099,972 | $ | - | $ | (183,406 | ) | $ | 33,036,153 | ||||||||||
Operating Expenses | |||||||||||||||||||||
Cost of revenues (exclusive of depreciation) | 10,435,035 | 14,220,122 | 48,277 | (183,406 | ) | 24,520,028 | |||||||||||||||
Depreciation and amortization | 8,697,630 | 3,957,784 | 984,001 | - | 13,639,415 | ||||||||||||||||
Customer support services | 1,205,229 | 683,208 | 2,907,601 | - | 4,796,038 | ||||||||||||||||
Sales and marketing | 5,029,112 | 229,013 | 312,066 | - | 5,570,191 | ||||||||||||||||
General and administrative | 600,440 | 568,985 | 9,167,079 | - | 10,336,504 | ||||||||||||||||
Total Operating Expenses | 25,967,446 | 19,659,112 | 13,419,024 | (183,406 | ) | 58,862,176 | |||||||||||||||
Operating Income (Loss) | $ | 4,152,141 | $ | (16,559,140 | ) | $ | (13,419,024 | ) | $ | - | $ | (25,826,023 | ) | ||||||||
Capital expenditures | $ | 5,567,966 | $ | 2,220,644 | $ | 382,264 | $ | - | $ | 8,170,874 | |||||||||||
As of December 31, 2014 | |||||||||||||||||||||
Property and equipment, net | $ | 21,036,228 | $ | 10,758,309 | $ | 2,110,749 | $ | - | $ | 33,905,286 | |||||||||||
Total assets | $ | 25,809,743 | $ | 13,333,467 | $ | 43,178,628 | $ | - | $ | 82,321,838 | |||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||
Fixed | Shared Wireless Infrastructure | Corporate | Eliminations | Total | |||||||||||||||||
Wireless | |||||||||||||||||||||
Revenues | $ | 32,075,680 | $ | 1,540,700 | $ | - | $ | (183,096 | ) | $ | 33,433,284 | ||||||||||
Operating Expenses | |||||||||||||||||||||
Cost of revenues (exclusive of depreciation) | 9,933,588 | 11,980,098 | 123,573 | (183,096 | ) | 21,854,163 | |||||||||||||||
Depreciation and amortization | 11,062,809 | 3,508,646 | 779,986 | - | 15,351,441 | ||||||||||||||||
Customer support services | 1,243,201 | 784,779 | 2,855,239 | - | 4,883,219 | ||||||||||||||||
Sales and marketing | 5,127,756 | 301,578 | 350,166 | - | 5,779,500 | ||||||||||||||||
General and administrative | 592,347 | 668,627 | 9,772,083 | - | 11,033,057 | ||||||||||||||||
Total Operating Expenses | 27,959,701 | 17,243,728 | 13,881,047 | (183,096 | ) | 58,901,380 | |||||||||||||||
Operating Income (Loss) | $ | 4,115,979 | $ | (15,703,028 | ) | $ | (13,881,047 | ) | $ | - | $ | (25,468,096 | ) | ||||||||
Capital expenditures | $ | 4,518,874 | $ | 2,314,236 | $ | 1,258,469 | $ | - | $ | 8,091,579 | |||||||||||
As of December 31, 2013 | |||||||||||||||||||||
Property and equipment, net | $ | 23,069,396 | $ | 12,802,647 | $ | 2,612,815 | $ | - | $ | 38,484,858 | |||||||||||
Total assets | $ | 28,885,389 | $ | 15,130,388 | $ | 30,901,690 | $ | - | $ | 74,917,467 |
Note_16_Quarterly_Financial_In1
Note 16 - Quarterly Financial Information (unaudited) (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||
Schedule of Quarterly Financial Information [Table Text Block] | Three Months Ended | ||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2014 | 2014 | 2014 | 2014 | ||||||||||||||
Revenues | $ | 8,379,906 | $ | 8,264,848 | $ | 8,301,604 | $ | 8,089,795 | |||||||||
Operating Expenses | 14,823,032 | 14,596,336 | 14,508,077 | 14,934,731 | |||||||||||||
Operating Loss | (6,443,126 | ) | (6,331,488 | ) | (6,206,473 | ) | (6,844,936 | ) | |||||||||
Net Loss | (6,509,807 | ) | (6,394,606 | ) | (6,254,073 | ) | (8,433,264 | ) | |||||||||
Net Loss per common share – basic and diluted | (0.10 | ) | (0.10 | ) | (0.09 | ) | (0.12 | ) | |||||||||
Weighted average number of shares outstanding – basic and diluted | 66,439,061 | 66,478,686 | 66,643,804 | 67,642,056 | |||||||||||||
Three Months Ended | |||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2013 | 2013 | 2013 | 2013 | ||||||||||||||
Revenues | $ | 8,299,223 | $ | 8,212,175 | $ | 8,400,664 | $ | 8,521,223 | |||||||||
Operating Expenses | 14,827,742 | 14,443,667 | 14,480,814 | 15,149,159 | |||||||||||||
Operating Loss | (6,528,519 | ) | (6,231,492 | ) | (6,080,150 | ) | (6,627,936 | ) | |||||||||
Net Loss | (5,626,306 | ) | (6,231,150 | ) | (6,143,393 | ) | (6,774,441 | ) | |||||||||
Net Loss per common share – basic and diluted | (0.09 | ) | (0.09 | ) | (0.09 | ) | (0.10 | ) | |||||||||
Weighted average number of shares outstanding – basic and diluted | 61,464,706 | 66,370,789 | 66,402,499 | 66,419,380 | |||||||||||||
Three Months Ended | |||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2012 | 2012 | 2012 | 2012 | ||||||||||||||
Revenues | $ | 7,819,059 | $ | 8,103,321 | $ | 8,127,507 | $ | 8,229,543 | |||||||||
Operating Expenses | 12,189,123 | 12,817,112 | 13,507,490 | 14,511,371 | |||||||||||||
Operating Loss | (4,370,064 | ) | (4,713,791 | ) | (5,379,983 | ) | (6,281,828 | ) | |||||||||
Net Loss | (4,380,132 | ) | (4,758,659 | ) | (5,408,234 | ) | (6,442,550 | ) | |||||||||
Net Loss per common share – basic and diluted | (0.08 | ) | (0.09 | ) | (0.10 | ) | (0.12 | ) | |||||||||
Weighted average number of shares outstanding – basic and diluted | 54,312,066 | 54,369,177 | 54,403,237 | 54,648,241 |
Note_2_Summary_of_Significant_2
Note 2 - Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | |||
Cash, Uninsured Amount | $37,506,000 | ||
Cash, FDIC Insured Amount | 250,000 | ||
Impairment of Long-Lived Assets Held-for-use | 0 | 0 | |
Impairment of Intangible Assets (Excluding Goodwill) | 0 | 0 | |
Carrying Value Of Goodwill Greater Than Fair Value Likelihood Maximum Percentage | 50.00% | ||
Goodwill, Impairment Loss | 0 | 0 | |
Advertising Expense | 1,133,000 | 1,100,000 | 1,096,000 |
Maximum Potential Proceeds from Stock Option and Warrant Exercises | $16,203,000 | ||
Leasehold Improvements [Member] | |||
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | |||
Property, Plant and Equipment, Useful Life | 5 years | ||
Furniture and Fixtures [Member] | Minimum [Member] | |||
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | |||
Property, Plant and Equipment, Useful Life | 3 years | ||
Furniture and Fixtures [Member] | Maximum [Member] | |||
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | |||
Property, Plant and Equipment, Useful Life | 5 years | ||
Information Technology [Member] | Minimum [Member] | |||
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | |||
Property, Plant and Equipment, Useful Life | 3 years | ||
Information Technology [Member] | Maximum [Member] | |||
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | |||
Property, Plant and Equipment, Useful Life | 5 years |
Note_2_Summary_of_Significant_3
Note 2 - Summary of Significant Accounting Policies (Details) - Changes in Allowance for Doubtful Accounts (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Changes in Allowance for Doubtful Accounts [Abstract] | ||
Beginning of period | $81,009 | $190,109 |
Additions | 322,000 | 85,000 |
Deductions | -343,736 | -194,100 |
End of period | $59,273 | $81,009 |
Note_2_Summary_of_Significant_4
Note 2 - Summary of Significant Accounting Policies (Details) - Anti-dilutive Shares Excluded From Computation of EPS | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount | 6,847,695 | 4,505,016 | 4,366,045 |
Equity Option [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount | 3,997,695 | 4,055,016 | 3,916,045 |
Warrant [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount | 2,850,000 | 450,000 | 450,000 |
Note_3_Business_Acquisitions_D
Note 3 - Business Acquisitions (Details) (USD $) | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | |||
31-May-13 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | 31-May-12 | Dec. 31, 2014 | Feb. 28, 2013 | |
Note 3 - Business Acquisitions (Details) [Line Items] | ||||||||
Share Price (in Dollars per share) | $1.85 | $2.47 | ||||||
Business Combination, Bargain Purchase, Gain Recognized, Amount | $1,004,099 | ($40,079) | ||||||
Business Acquisition Purchase Price Allocation Change In Assets Acquired Liabilities Assumed Net | 21,000 | |||||||
Business Combination Bargain Purchase Increase Of Gain Recognized | 63,000 | |||||||
Other Income Expense [Member] | Color Broadband Communications [Member] | ||||||||
Note 3 - Business Acquisitions (Details) [Line Items] | ||||||||
Business Combination, Bargain Purchase, Gain Recognized, Amount | 1,146,011 | 1,186,090 | ||||||
Before Adjustment to Common Stock [Member] | Color Broadband Communications [Member] | ||||||||
Note 3 - Business Acquisitions (Details) [Line Items] | ||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | 925,736 | |||||||
After Adjustment To Common Stock [Member] | Color Broadband Communications [Member] | ||||||||
Note 3 - Business Acquisitions (Details) [Line Items] | ||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | 827,230 | |||||||
Common Stock Adjustment [Member] | Delos Internet [Member] | ||||||||
Note 3 - Business Acquisitions (Details) [Line Items] | ||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | 48,549 | |||||||
Before Adjustment to Common Stock [Member] | Delos Internet [Member] | ||||||||
Note 3 - Business Acquisitions (Details) [Line Items] | ||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | 433,673 | |||||||
After Adjustment To Common Stock [Member] | Delos Internet [Member] | ||||||||
Note 3 - Business Acquisitions (Details) [Line Items] | ||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | 385,124 | |||||||
Delos Internet [Member] | ||||||||
Note 3 - Business Acquisitions (Details) [Line Items] | ||||||||
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | 517,000 | |||||||
Business Combination, Acquisition Related Costs | 99,000 | 59,000 | ||||||
Color Broadband Communications [Member] | ||||||||
Note 3 - Business Acquisitions (Details) [Line Items] | ||||||||
Business Combination, Bargain Purchase, Gain Recognized, Amount | -40,079 | |||||||
Business Acquisition Purchase Price Allocation Change In Assets Acquired Liabilities Assumed Net | 261,000 | |||||||
Business Combination Bargain Purchase Increase Of Gain Recognized | 40,000 | |||||||
Decrease in Stock Issued During Period, Value, Acquisition (in Shares) | 98,506 | |||||||
Shares Returned During Peirod as Payment for Receivable (in Shares) | 45,600 | |||||||
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed | $359,000 |
Note_3_Business_Acquisitions_D1
Note 3 - Business Acquisitions (Details) - Consideration Transferred and the Amounts of Identified Assets Acquired and Liabilities Assumed (USD $) | 12 Months Ended | 0 Months Ended | 1 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 02, 2011 | Feb. 28, 2013 | |
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Gain on business acquisition | $1,004,099 | ($40,079) | ||
Other Liabilities Assumed [Member] | Scenario, Previously Reported [Member] | Color Broadband Communications [Member] | ||||
Fair value of consideration transferred: | ||||
Fair value of liabilies transferred | 121,777 | |||
Other Liabilities Assumed [Member] | Scenario, Adjustment [Member] | Delos Internet [Member] | ||||
Fair value of consideration transferred: | ||||
Fair value of liabilies transferred | 36,733 | |||
Other Liabilities Assumed [Member] | Scenario, Actual [Member] | Delos Internet [Member] | ||||
Fair value of consideration transferred: | ||||
Fair value of liabilies transferred | 36,733 | |||
Other Liabilities Assumed [Member] | Scenario, Actual [Member] | Color Broadband Communications [Member] | ||||
Fair value of consideration transferred: | ||||
Fair value of liabilies transferred | 121,777 | |||
Capital Lease Obligations Assumed [Member] | Scenario, Previously Reported [Member] | Delos Internet [Member] | ||||
Fair value of consideration transferred: | ||||
Fair value of liabilies transferred | 128,929 | |||
Total consideration transferred | 1,425,101 | |||
Capital Lease Obligations Assumed [Member] | Scenario, Previously Reported [Member] | Color Broadband Communications [Member] | ||||
Fair value of consideration transferred: | ||||
Fair value of liabilies transferred | 111,537 | |||
Capital Lease Obligations Assumed [Member] | Scenario, Adjustment [Member] | Delos Internet [Member] | ||||
Fair value of consideration transferred: | ||||
Total consideration transferred | -83,183 | |||
Capital Lease Obligations Assumed [Member] | Scenario, Adjustment [Member] | Color Broadband Communications [Member] | ||||
Fair value of consideration transferred: | ||||
Fair value of liabilies transferred | 22,424 | |||
Capital Lease Obligations Assumed [Member] | Scenario, Actual [Member] | Delos Internet [Member] | ||||
Fair value of consideration transferred: | ||||
Fair value of liabilies transferred | 128,929 | |||
Total consideration transferred | 1,341,918 | |||
Capital Lease Obligations Assumed [Member] | Scenario, Actual [Member] | Color Broadband Communications [Member] | ||||
Fair value of consideration transferred: | ||||
Fair value of liabilies transferred | 133,961 | |||
Scenario, Previously Reported [Member] | Delos Internet [Member] | ||||
Fair value of consideration transferred: | ||||
Cash | 225,000 | |||
Common stock | 1,071,172 | |||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Cash | 2,058 | |||
Accounts receivable | 80,524 | |||
Property and equipment | 826,524 | |||
Security deposits | 1,993 | |||
Accounts payable and accrued expenses | -26,970 | |||
Deferred revenue | -62,110 | |||
Other liabilities | -89,930 | |||
Total identifiable net tangible assets | 732,089 | |||
Customer relationships | 1,634,469 | |||
Total identifiable net assets | 2,366,558 | |||
Gain on business acquisition | 941,457 | |||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Customer credits | -89,930 | |||
Total identifiable net tangible assets | 732,089 | |||
Scenario, Previously Reported [Member] | Color Broadband Communications [Member] | ||||
Fair value of consideration transferred: | ||||
Cash | 2,800,000 | |||
Common stock | 2,286,567 | |||
Total consideration transferred | 5,319,881 | |||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Accounts receivable | 383,947 | |||
Property and equipment | 1,976,852 | |||
Security deposits | 7,506 | |||
Accounts payable and accrued expenses | -5,984 | |||
Deferred revenue | -488,875 | |||
Other liabilities | -656 | |||
Customer relationships | 4,584,756 | |||
Total identifiable net assets | 6,505,971 | |||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Prepaid expenses and other current assets | 48,425 | |||
Customer credits | -656 | |||
Scenario, Previously Reported [Member] | ||||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Gain on business acquisition | 1,186,090 | |||
Scenario, Adjustment [Member] | Delos Internet [Member] | ||||
Fair value of consideration transferred: | ||||
Common stock | -119,916 | |||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Accounts receivable | 1,286 | |||
Property and equipment | 18,824 | |||
Accounts payable and accrued expenses | 2,566 | |||
Deferred revenue | -2,135 | |||
Total identifiable net tangible assets | 20,541 | |||
Total identifiable net assets | 20,541 | |||
Gain on business acquisition | 62,642 | |||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Total identifiable net tangible assets | 20,541 | |||
Scenario, Adjustment [Member] | Color Broadband Communications [Member] | ||||
Fair value of consideration transferred: | ||||
Common stock | -243,309 | |||
Total consideration transferred | -220,885 | |||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Accounts receivable | -420 | |||
Deferred revenue | -4,106 | |||
Other liabilities | -216,622 | |||
Customer relationships | -39,816 | |||
Total identifiable net assets | -260,964 | |||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Customer credits | -216,622 | |||
Scenario, Adjustment [Member] | ||||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Gain on business acquisition | -40,079 | |||
Scenario, Actual [Member] | Delos Internet [Member] | ||||
Fair value of consideration transferred: | ||||
Cash | 225,000 | |||
Common stock | 951,256 | |||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Cash | 2,058 | |||
Accounts receivable | 79,238 | |||
Property and equipment | 807,700 | |||
Security deposits | 1,993 | |||
Accounts payable and accrued expenses | -29,536 | |||
Deferred revenue | -59,975 | |||
Other liabilities | -89,930 | |||
Total identifiable net tangible assets | 711,548 | |||
Customer relationships | 1,634,469 | |||
Total identifiable net assets | 2,346,017 | |||
Gain on business acquisition | 1,004,099 | |||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Customer credits | -89,930 | |||
Total identifiable net tangible assets | 711,548 | |||
Scenario, Actual [Member] | Color Broadband Communications [Member] | ||||
Fair value of consideration transferred: | ||||
Cash | 2,800,000 | |||
Common stock | 2,043,258 | |||
Total consideration transferred | 5,098,996 | |||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Accounts receivable | 383,527 | |||
Property and equipment | 1,976,852 | |||
Security deposits | 7,506 | |||
Accounts payable and accrued expenses | -5,984 | |||
Deferred revenue | -492,981 | |||
Other liabilities | -217,278 | |||
Customer relationships | 4,544,940 | |||
Total identifiable net assets | 6,245,007 | |||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Prepaid expenses and other current assets | 48,425 | |||
Customer credits | -217,278 | |||
Scenario, Actual [Member] | ||||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Gain on business acquisition | 1,146,011 | |||
Color Broadband Communications [Member] | ||||
Fair value of identifiable assets acquired and liabilities assumed: | ||||
Gain on business acquisition | ($40,079) |
Note_3_Business_Acquisitions_D2
Note 3 - Business Acquisitions (Details) - Unaudited Pro Forma Consolidated Results of Operations (Delos Internet [Member], USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Delos Internet [Member] | ||
Note 3 - Business Acquisitions (Details) - Unaudited Pro Forma Consolidated Results of Operations [Line Items] | ||
Revenues | $33,545,854 | $32,954,850 |
Amortization expense | 3,159,196 | 3,764,041 |
Total operating expenses | 59,073,359 | 54,056,970 |
Net loss | ($24,756,167) | ($21,219,773) |
Basic net loss per share (in Dollars per share) | ($0.38) | ($0.39) |
Note_4_Property_and_Equipment_1
Note 4 - Property and Equipment (Details) - Property and Equipment (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | $91,289,637 | $83,118,763 |
Less: accumulated depreciation | 57,384,351 | 44,633,905 |
Property and equipment, net | 33,905,286 | 38,484,858 |
Network and Base Station Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | 35,836,469 | 32,233,262 |
Customer Premise Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | 26,511,691 | 24,244,017 |
Shared Wireless Infrastructure [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | 21,044,189 | 19,128,064 |
Information Technology [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | 4,628,555 | 4,417,869 |
Furniture and Fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | 1,669,340 | 1,661,567 |
Leasehold Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | $1,599,393 | $1,433,984 |
Note_4_Property_and_Equipment_2
Note 4 - Property and Equipment (Details) - Property Acquired Through Capital Leases (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Capital Leased Assets [Line Items] | ||
Capital Leased Assets, Gross | $4,340,692 | $4,001,040 |
Less: accumulated depreciation | 2,135,534 | 1,333,666 |
Property acquired through capital leases, net | 2,205,158 | 2,667,374 |
Network and Base Station Equipment [Member] | ||
Capital Leased Assets [Line Items] | ||
Capital Leased Assets, Gross | 1,003,875 | 828,027 |
Shared Wireless Infrastructure [Member] | ||
Capital Leased Assets [Line Items] | ||
Capital Leased Assets, Gross | 1,230,305 | 1,216,142 |
Customer Premise Equipment [Member] | ||
Capital Leased Assets [Line Items] | ||
Capital Leased Assets, Gross | 246,484 | 96,843 |
Information Technology [Member] | ||
Capital Leased Assets [Line Items] | ||
Capital Leased Assets, Gross | $1,860,028 | $1,860,028 |
Note_5_Intangible_Assets_Detai
Note 5 - Intangible Assets (Details) (USD $) | 12 Months Ended | 18 Months Ended | 30 Months Ended | 29 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | 31-May-12 | Nov. 30, 2013 | Apr. 30, 2014 | |
Note 5 - Intangible Assets (Details) [Line Items] | ||||||
Amortization of Intangible Assets (in Dollars) | $888,969 | $3,093,817 | $3,371,768 | |||
Pipeline Wireless [Member] | ||||||
Note 5 - Intangible Assets (Details) [Line Items] | ||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 17 months | |||||
One Velocity, Inc. [Member] | ||||||
Note 5 - Intangible Assets (Details) [Line Items] | ||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 30 months | |||||
Color Broadband Communications [Member] | ||||||
Note 5 - Intangible Assets (Details) [Line Items] | ||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 28 months | |||||
Delos Internet [Member] | ||||||
Note 5 - Intangible Assets (Details) [Line Items] | ||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 50 months | |||||
Finite-Lived Intangible Assets, Remaining Amortization Period | 28 months |
Note_5_Intangible_Assets_Detai1
Note 5 - Intangible Assets (Details) - Intangible Assets (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Intangible Assets [Abstract] | ||
Goodwill | $1,674,281 | $1,674,281 |
Customer relationships | 11,856,127 | 11,856,127 |
Less: accumulated amortization of customer relationships | 10,940,824 | 10,051,855 |
Customer relationships, net | 915,303 | 1,804,272 |
FCC licenses | 1,284,555 | 1,284,555 |
Intangible assets, net | $2,199,858 | $3,088,827 |
Note_5_Intangible_Assets_Detai2
Note 5 - Intangible Assets (Details) - Future Amortization Expense (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Future Amortization Expense [Abstract] | ||
2015 | $392,272 | |
2016 | 392,272 | |
2017 | 130,759 | |
$915,303 | $1,804,272 |
Note_6_Accrued_Expenses_Detail
Note 6 - Accrued Expenses (Details) - Accrued Expenses (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Note 6 - Accrued Expenses (Details) - Accrued Expenses [Line Items] | ||
Accrued Liabilities, Current | $2,038,696 | $2,532,679 |
Payroll and Related [Member] | ||
Note 6 - Accrued Expenses (Details) - Accrued Expenses [Line Items] | ||
Accrued Liabilities, Current | 726,917 | 937,624 |
Property and Equipment [Member] | ||
Note 6 - Accrued Expenses (Details) - Accrued Expenses [Line Items] | ||
Accrued Liabilities, Current | 524,280 | 867,311 |
Other Accrued Liabilities [Member] | ||
Note 6 - Accrued Expenses (Details) - Accrued Expenses [Line Items] | ||
Accrued Liabilities, Current | 280,413 | 293,402 |
Professional Services [Member] | ||
Note 6 - Accrued Expenses (Details) - Accrued Expenses [Line Items] | ||
Accrued Liabilities, Current | 256,534 | 186,917 |
Network [Member] | ||
Note 6 - Accrued Expenses (Details) - Accrued Expenses [Line Items] | ||
Accrued Liabilities, Current | 187,440 | 138,684 |
Marketing [Member] | ||
Note 6 - Accrued Expenses (Details) - Accrued Expenses [Line Items] | ||
Accrued Liabilities, Current | $63,112 | $108,741 |
Note_7_Other_Liabilities_Detai
Note 7 - Other Liabilities (Details) (USD $) | 12 Months Ended | 1 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2014 | 31-May-14 | |
Note 7 - Other Liabilities (Details) [Line Items] | |||
Payments to Acquire Businesses, Net of Cash Acquired | $222,942 | ||
Delos Internet [Member] | |||
Note 7 - Other Liabilities (Details) [Line Items] | |||
Deferred Acquisition Payments, Gross | 11,525 | ||
Delos Interest Rate | 7.00% | ||
Pipeline Wireless [Member] | |||
Note 7 - Other Liabilities (Details) [Line Items] | |||
Payments to Acquire Businesses, Net of Cash Acquired | $16,630 |
Note_7_Other_Liabilities_Detai1
Note 7 - Other Liabilities (Details) - Other Liabilities (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Current | ||
Deferred rent | $46,058 | |
Deferred acquisition payments | 11,184 | 67,255 |
Total | 57,242 | 67,255 |
Long-Term | ||
Deferred rent | 1,373,163 | 662,361 |
Deferred acquisition payments | 341 | 11,516 |
Deferred taxes | 401,337 | 322,805 |
Total | $1,774,841 | $996,682 |
Note_8_Longterm_Debt_Details
Note 8 - Long-term Debt (Details) (USD $) | 0 Months Ended | 12 Months Ended | |
Oct. 16, 2014 | Dec. 31, 2014 | Oct. 16, 2014 | |
Note 8 - Long-term Debt (Details) [Line Items] | |||
Debt Instrument, Unamortized Discount | $3,194,147 | ||
Increase (Decrease) in Interest Payable, Net | 295,556 | ||
Amortization of Financing Costs | 262,820 | ||
Warrant [Member] | Secured Debt [Member] | Melody Business Finance, LLC [Member] | |||
Note 8 - Long-term Debt (Details) [Line Items] | |||
Interest Expense, Debt | 223,719 | ||
Warrant [Member] | Secured Debt [Member] | Melody Business Finance, LLC [Member] | |||
Note 8 - Long-term Debt (Details) [Line Items] | |||
Debt Instrument, Unamortized Discount | 2,239,512 | ||
If Rate is Greater than LIBOR Rate [Member] | Secured Debt [Member] | Melody Business Finance, LLC [Member] | |||
Note 8 - Long-term Debt (Details) [Line Items] | |||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ||
First Two-thirds of Shares Under Warrants [Member] | Secured Debt [Member] | Melody Business Finance, LLC [Member] | |||
Note 8 - Long-term Debt (Details) [Line Items] | |||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | 2,400,000 | 2,400,000 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $1.26 | $1.26 | $1.26 |
Remaining One-Third of Shares Under Warrants [Member] | Secured Debt [Member] | Melody Business Finance, LLC [Member] | |||
Note 8 - Long-term Debt (Details) [Line Items] | |||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | 1,200,000 | 1,200,000 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $0.01 | $0.01 | $0.01 |
Secured Debt [Member] | London Interbank Offered Rate (LIBOR) [Member] | Melody Business Finance, LLC [Member] | |||
Note 8 - Long-term Debt (Details) [Line Items] | |||
Debt Instrument, Basis Spread on Variable Rate | 7.00% | ||
Secured Debt [Member] | Other Assets [Member] | Melody Business Finance, LLC [Member] | |||
Note 8 - Long-term Debt (Details) [Line Items] | |||
Debt Issuance Cost | 2,900,000 | ||
Secured Debt [Member] | Melody Business Finance, LLC [Member] | |||
Note 8 - Long-term Debt (Details) [Line Items] | |||
Debt Instrument, Term | 5 years | ||
Debt Instrument, Face Amount | 35,000,000 | 35,000,000 | |
Debt Instrument, Discount Rate | 3.00% | 3.00% | |
Debt Instrument, Unamortized Discount | 1,050,000 | 954,635 | 1,050,000 |
Interest Expense, Debt | 95,365 | ||
Paid-in-Kind Interest, Stated Rate | 4.00% | ||
Interest Paid | 591,111 | ||
Increase (Decrease) in Interest Payable, Net | 295,556 | ||
Debt Instrument, Prepayment, Minimum Principal Amount | 5,000,000 | ||
Debt Instrument, Additional Interest Rate in the Event of Default | 5.00% | ||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | 3,600,000 | 3,600,000 | 3,600,000 |
Warrants and Rights Outstanding | 2,463,231 | ||
Class of Warrant or Right, Monthly Liquidated Damages | 5,000 | ||
Class of Warrant or Right, Maximum Liquidated Damages | 50,000 | ||
Amortization of Financing Costs | 262,820 | ||
Deferred Finance Costs, Net | $2,630,919 |
Note_9_Capital_Stock_Details
Note 9 - Capital Stock (Details) (USD $) | 2 Months Ended | 12 Months Ended | 1 Months Ended | |||||
Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | 31-May-12 | Dec. 31, 2011 | 31-May-13 | Feb. 28, 2013 | |
Note 9 - Capital Stock (Details) [Line Items] | ||||||||
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 | ||||||
Preferred Stock, Par or Stated Value Per Share (in Dollars per share) | $0.00 | 0.001 | ||||||
Preferred Stock, Shares Outstanding | 0 | 0 | ||||||
Common Stock, Shares Authorized | 95,000,000 | 95,000,000 | ||||||
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $0.00 | 0.001 | ||||||
Stock Issued During Period, Value, Acquisitions (in Dollars) | $951,256 | ($403,366) | ||||||
(in Dollars) | 403,366 | |||||||
Sale of Stock, Price Per Share (in Dollars per share) | $3 | |||||||
Proceeds from Issuance of Common Stock (in Dollars) | 33,000,000 | 30,499,336 | ||||||
Stock Issued During Period, Shares, New Issues | 11,000,000 | |||||||
Payments of Stock Issuance Costs (in Dollars) | 2,501,000 | |||||||
Rights [Member] | Minimum [Member] | ||||||||
Note 9 - Capital Stock (Details) [Line Items] | ||||||||
Common Stock, Stock Acquisition Rate | 15.00% | |||||||
Exchange Offer of Common Stock | 15.00% | |||||||
Rights [Member] | ||||||||
Note 9 - Capital Stock (Details) [Line Items] | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | 18 | |||||||
Preferred Stock, Redemption Price Per Share (in Dollars per share) | 0.001 | |||||||
Color Broadband Communications [Member] | ||||||||
Note 9 - Capital Stock (Details) [Line Items] | ||||||||
Stock Issued During Period, Shares, Acquisitions | 925,736 | |||||||
Stock Issued During Period, Value, Acquisitions (in Dollars) | 2,286,567 | |||||||
Decrease in Stock Issued During Period, Value, Acquisition | 98,506 | |||||||
Shares Returned During Peirod as Payment for Receivable | 45,600 | |||||||
(in Dollars) | 403,366 | |||||||
Delos Internet [Member] | ||||||||
Note 9 - Capital Stock (Details) [Line Items] | ||||||||
Stock Issued During Period, Shares, Acquisitions | 433,673 | |||||||
Stock Issued During Period, Value, Acquisitions (in Dollars) | 1,071,172 | |||||||
(in Dollars) | $119,916 | |||||||
48,549 |
Note_9_Capital_Stock_Details_O
Note 9 - Capital Stock (Details) - Options Exercised (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Cash basis: | |||
Total options exercised | 340,906 | 420,159 | 594,083 |
Total proceeds received (in Dollars) | $292,389 | $329,041 | |
Cash Basis [Member] | |||
Cash basis: | |||
Total options exercised | 284,688 | 337,128 | |
Total proceeds received (in Dollars) | $292,389 | $329,041 | |
Cashless Basis [Member] | |||
Cash basis: | |||
Total options exercised | 340,906 | 135,471 | 256,955 |
Net issuance of common stock | 192,270 | 37,770 | 162,884 |
Note_10_Stock_Option_Plans_and2
Note 10 - Stock Option Plans and Warrants (Details) (USD $) | 12 Months Ended | 95 Months Ended | 91 Months Ended | 3 Months Ended | 76 Months Ended | ||||||||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2014 | Mar. 31, 2011 | Dec. 31, 2014 | Feb. 28, 2013 | Dec. 31, 2011 | Jan. 31, 2007 | Nov. 30, 2012 | 31-May-07 | Oct. 16, 2014 | Nov. 30, 2013 | Aug. 31, 2008 | |
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | $0.67 | $1.44 | $2.16 | ||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 3,997,695 | 4,055,016 | 3,916,045 | 3,997,695 | 3,997,695 | 3,997,695 | 4,635,624 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price (in Dollars per share) | $2.73 | $2.70 | $2.85 | 2.73 | 2.73 | 2.73 | $2.85 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 6 years 109 days | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number | 2,724,763 | 2,724,763 | 2,724,763 | 2,724,763 | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in Dollars per share) | $2.84 | 2.84 | 2.84 | 2.84 | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term | 5 years 73 days | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value (in Dollars) | $683,423 | 683,423 | 683,423 | 683,423 | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value (in Dollars) | 361,785 | 361,785 | 361,785 | 361,785 | |||||||||||
Share Price (in Dollars per share) | $1.85 | 1.85 | 1.85 | 1.85 | $2.47 | ||||||||||
Class of Warrant or Right, Warrants Exercisable, Weighted Average Remaining Contractual Life | 6 years 255 days | ||||||||||||||
General and Administrative Expense [Member] | Employee Stock Option [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Allocated Share-based Compensation Expense (in Dollars) | 953,470 | 1,182,523 | 1,532,282 | ||||||||||||
Warrant [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding (in Dollars) | 3,624,000 | 3,624,000 | 3,624,000 | 3,624,000 | |||||||||||
Employee Stock Option [Member] | Minimum [Member] | Employee [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 2 years | ||||||||||||||
Employee Stock Option [Member] | Maximum [Member] | Employee [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||||||||||||||
Employee Stock Option [Member] | Director [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 1 year | ||||||||||||||
Employee Stock Option [Member] | Executives [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 2 years | ||||||||||||||
Employee Stock Option [Member] | Non-employee [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 1 year | ||||||||||||||
Employee Stock Option [Member] | The 2007 Plan [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 2,403,922 | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 1,828,063 | ||||||||||||||
Employee Stock Option [Member] | The 2007 Incentive Stock Plan [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 5,000,000 | 2,500,000 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 2,838,840 | ||||||||||||||
Employee Stock Option [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 2,737,019 | 2,737,019 | 2,737,019 | 2,737,019 | |||||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | 1,075,893 | 1,075,893 | 1,075,893 | 1,075,893 | |||||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year 219 days | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||||||||||||||
Restricted Stock [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Allocated Share-based Compensation Expense (in Dollars) | 0 | 59,100 | 108,350 | ||||||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | 0 | 0 | 0 | 0 | |||||||||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 90,000 | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Total Fair Value (in Dollars) | $354,600 | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 60,000 | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 30,000 | ||||||||||||||
Remaining One-Third of Shares Under Warrants [Member] | Secured Debt [Member] | Melody Business Finance, LLC [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 1,200,000 | ||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $0.01 | 0.01 | 0.01 | 0.01 | $0.01 | ||||||||||
First Two-thirds of Shares Under Warrants [Member] | Secured Debt [Member] | Melody Business Finance, LLC [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 2,400,000 | ||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $1.26 | 1.26 | 1.26 | 1.26 | $1.26 | ||||||||||
Secured Debt [Member] | Melody Business Finance, LLC [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 3,600,000 | 3,600,000 | 3,600,000 | 3,600,000 | 3,600,000 | ||||||||||
Minimum [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price (in Dollars per share) | $0.68 | 0.68 | 0.68 | 0.68 | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in Dollars per share) | $0.68 | 0.68 | 0.68 | 0.68 | |||||||||||
Maximum [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price (in Dollars per share) | $5.25 | 5.25 | 5.25 | 5.25 | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in Dollars per share) | $5.25 | 5.25 | 5.25 | 5.25 | |||||||||||
The 2008 Directors Plan [Member] | |||||||||||||||
Note 10 - Stock Option Plans and Warrants (Details) [Line Items] | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 2,000,000 | 1,000,000 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 1,200,000 | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 800,000 | 800,000 | 800,000 | 800,000 |
Note_10_Stock_Option_Plans_and3
Note 10 - Stock Option Plans and Warrants (Details) - Black-Scholes Option Pricing Model Assumptions | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Note 10 - Stock Option Plans and Warrants (Details) - Black-Scholes Option Pricing Model Assumptions [Line Items] | |||
Expected dividend yield | 0.00% | 0.00% | 0.00% |
Minimum [Member] | |||
Note 10 - Stock Option Plans and Warrants (Details) - Black-Scholes Option Pricing Model Assumptions [Line Items] | |||
Risk-free interest rate | 1.10% | 0.80% | 0.60% |
Expected volatility | 47.00% | 65.00% | 65.00% |
Expected life (in years) | 4 years 36 days | 5 years | 5 years |
Maximum [Member] | |||
Note 10 - Stock Option Plans and Warrants (Details) - Black-Scholes Option Pricing Model Assumptions [Line Items] | |||
Risk-free interest rate | 1.80% | 1.90% | 1.00% |
Expected volatility | 60.00% | 68.00% | 74.00% |
Expected life (in years) | 5 years 109 days | 6 years 6 months | 5 years 109 days |
Note_10_Stock_Option_Plans_and4
Note 10 - Stock Option Plans and Warrants (Details) - Option Transactions Under the Stock Option Plans (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Option Transactions Under the Stock Option Plans [Abstract] | |||
Outstanding | 4,055,016 | 3,916,045 | 4,635,624 |
Weighted average exercise price | $2.70 | $2.85 | $2.85 |
Exercisable as of December 31, 2014 | 2,724,763 | ||
Exercisable as of December 31, 2014 | $2.84 | ||
Granted | 737,073 | 950,000 | 250,000 |
Granted | $1.42 | $2.40 | $3.62 |
Exercised | -340,906 | -420,159 | -594,083 |
Exercised | $0.74 | $1.23 | $1.19 |
Forfeited /expired | -453,488 | -390,870 | -375,496 |
Forfeited /expired | $1.78 | $5.07 | $6.04 |
Outstanding | 3,997,695 | 4,055,016 | 3,916,045 |
Weighted average exercise price | $2.73 | $2.70 | $2.85 |
Note_10_Stock_Option_Plans_and5
Note 10 - Stock Option Plans and Warrants (Details) - Grants Under Stock Option Plans | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Note 10 - Stock Option Plans and Warrants (Details) - Grants Under Stock Option Plans [Line Items] | |||
Options granted | 737,073 | 950,000 | 250,000 |
Director [Member] | |||
Note 10 - Stock Option Plans and Warrants (Details) - Grants Under Stock Option Plans [Line Items] | |||
Options granted | 200,000 | 200,000 | 200,000 |
Executive Officer [Member] | |||
Note 10 - Stock Option Plans and Warrants (Details) - Grants Under Stock Option Plans [Line Items] | |||
Options granted | 172,073 | 125,000 | |
Employee [Member] | |||
Note 10 - Stock Option Plans and Warrants (Details) - Grants Under Stock Option Plans [Line Items] | |||
Options granted | 315,000 | 625,000 | |
Non-employee [Member] | |||
Note 10 - Stock Option Plans and Warrants (Details) - Grants Under Stock Option Plans [Line Items] | |||
Options granted | 50,000 | 50,000 |
Note_10_Stock_Option_Plans_and6
Note 10 - Stock Option Plans and Warrants (Details) - Forfeited or Expired Options Under Stock Option Plans | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Forfeited or Expired Options Under Stock Option Plans [Abstract] | |||
Employee terminations | 185,208 | 390,870 | 281,746 |
Expired | 254,030 | 75,000 | |
Repurchased | 14,250 | 18,750 | |
Total | 453,488 | 390,870 | 375,496 |
Note_10_Stock_Option_Plans_and7
Note 10 - Stock Option Plans and Warrants (Details) - Warrant Transactions (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Warrant Transactions [Abstract] | ||
Outstanding as of December 31, 2012 and 2013 | 450,000 | |
Outstanding as of December 31, 2012 and 2013 | $1.31 | $5 |
Granted during 2014 | 3,600,000 | |
Granted during 2014 | $0.84 | |
Outstanding as of December 31, 2014 | 4,050,000 | |
Outstanding as of December 31, 2014 | $1.31 | $5 |
Note_11_Employee_Benefit_Progr1
Note 11 - Employee Benefit Programs (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | |
Note 11 - Employee Benefit Programs (Details) [Line Items] | ||||
Defined Contribution Plan, Employer Discretionary Contribution Amount | $0 | $0 | $0 | |
Percentage Of Discount Allowed For Shares Issued Under Employee Stock Purchase Plan | 15.00% | |||
Common Stock, Shares, Issued (in Shares) | 66,656,789 | 66,424,561 | ||
Stock Issued During Period, Value, Employee Stock Purchase Plan | 46,928 | 80,718 | 117,251 | |
2010 Employee Stock Purchase Plan [Member] | ||||
Note 11 - Employee Benefit Programs (Details) [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares) | 200,000 | |||
Common Stock, Shares, Issued (in Shares) | 111,580 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares) | 88,420 | |||
Stock Issued During Period, Shares, Employee Stock Purchase Plans (in Shares) | 24,958 | 31,267 | 28,723 | |
Stock Issued During Period, Value, Employee Stock Purchase Plan | 46,928 | 80,718 | 117,251 | |
Defined Contribution Plan, Cost Recognized | $7,020 | $12,038 | $17,568 |
Note_12_Income_Taxes_Details
Note 12 - Income Taxes (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Note 12 - Income Taxes (Details) [Line Items] | |||
Unrecognized Tax Benefits | $0 | $0 | |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense | 0 | 0 | 0 |
Operating Loss Carryforwards | 108,406,000 | 84,417,000 | 60,388,000 |
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $11,049,207 | $9,883,003 | $8,382,431 |
Earliest Tax Year [Member] | Domestic Tax Authority [Member] | |||
Note 12 - Income Taxes (Details) [Line Items] | |||
Open Tax Year | 2011 | ||
Earliest Tax Year [Member] | State and Local Jurisdiction [Member] | |||
Note 12 - Income Taxes (Details) [Line Items] | |||
Open Tax Year | 2011 | ||
Latest Tax Year [Member] | Domestic Tax Authority [Member] | |||
Note 12 - Income Taxes (Details) [Line Items] | |||
Open Tax Year | 2014 | ||
Latest Tax Year [Member] | State and Local Jurisdiction [Member] | |||
Note 12 - Income Taxes (Details) [Line Items] | |||
Open Tax Year | 2014 |
Note_12_Income_Taxes_Details_P
Note 12 - Income Taxes (Details) - Provision for Income Taxes (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Deferred | |||
Federal | ($9,325,074) | ($8,333,801) | ($7,017,749) |
State | -1,645,601 | -1,470,671 | -1,238,426 |
Change in valuation allowance | 11,049,207 | 9,883,003 | 8,382,431 |
Total deferred | 78,532 | 78,531 | 126,256 |
Provision for income taxes | $78,532 | $78,531 | $126,256 |
Note_12_Income_Taxes_Details_E
Note 12 - Income Taxes (Details) - Effective Tax Rate Reconciliation | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Effective Tax Rate Reconciliation [Abstract] | |||
U.S. Federal statutory rate | -34.00% | -34.00% | -34.00% |
State taxes | -6.00% | -6.00% | -6.00% |
Permanent differences | 0.10% | 0.30% | 0.20% |
Valuation allowance | 40.20% | 40.00% | 40.40% |
Effective tax rate | 0.30% | 0.30% | 0.60% |
Note_12_Income_Taxes_Details_D
Note 12 - Income Taxes (Details) - Deferred Tax Assets (Liabilities) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Deferred tax assets | ||
Net operating loss carryforwards | $43,362,260 | $33,757,218 |
Stock-based compensation | 2,094,946 | 1,802,488 |
Intangible assets | 2,583,348 | 2,441,722 |
Debt discount | 252,788 | |
Allowance for doubtful accounts | 23,710 | 32,404 |
Other | 32,716 | 184,811 |
Total deferred tax assets | 48,349,768 | 38,218,643 |
Valuation allowance | -45,195,445 | -34,146,238 |
Deferred tax assets, net of valuation allowance | 3,154,323 | 4,072,405 |
Deferred tax liabilities | ||
Depreciation | -3,154,323 | -4,072,405 |
Intangible assets | -401,337 | -322,805 |
Total deferred tax liabilities | -3,555,660 | -4,395,210 |
Net deferred tax liabilities | ($401,337) | ($322,805) |
Note_13_Fair_Value_Measurement2
Note 13 - Fair Value Measurement (Details) - Fair Value of Assets and Liabilities (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Note 13 - Fair Value Measurement (Details) - Fair Value of Assets and Liabilities [Line Items] | ||
Balance | $38,027,509 | $28,181,531 |
Fair Value, Inputs, Level 1 [Member] | ||
Note 13 - Fair Value Measurement (Details) - Fair Value of Assets and Liabilities [Line Items] | ||
Balance | $38,027,509 | $28,181,531 |
Note_14_Commitments_Details
Note 14 - Commitments (Details) (USD $) | 9 Months Ended | 12 Months Ended | 1 Months Ended | ||||
Sep. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Feb. 28, 2014 | Sep. 30, 2013 | |
Note 14 - Commitments (Details) [Line Items] | |||||||
Operating Leases, Rent Expense | $21,628,500 | $19,152,057 | $12,020,182 | ||||
Other Obligations Quarterly Payments | 121,000 | ||||||
Due in 2014 [Member] | Corporate Offices [Member] | |||||||
Note 14 - Commitments (Details) [Line Items] | |||||||
Operating Leases, Rent Expense | 359,750 | ||||||
Due in 2019 [Member] | Corporate Offices [Member] | |||||||
Note 14 - Commitments (Details) [Line Items] | |||||||
Operating Leases, Rent Expense | 416,970 | ||||||
Due in 2019 [Member] | Sales Center [Member] | |||||||
Note 14 - Commitments (Details) [Line Items] | |||||||
Operating Leases, Rent Expense | 53,130 | ||||||
Corporate Offices [Member] | |||||||
Note 14 - Commitments (Details) [Line Items] | |||||||
Leasehold Improvements, Gross | 600,000 | ||||||
Operating Lease, Leasehold Improvements to be Made by Lessor | 380,000 | ||||||
Operating Leases, Rent Expense | $336,437 | $518,245 | $493,111 | ||||
Annual Increase in Operating Lease Rent Expense | 3.00% | ||||||
Sales Center [Member] | |||||||
Note 14 - Commitments (Details) [Line Items] | |||||||
Annual Increase in Operating Lease Rent Expense | 3.00% | ||||||
Minimum [Member] | |||||||
Note 14 - Commitments (Details) [Line Items] | |||||||
Lessee Leasing Arrangements, Operating Leases, Renewal Term | 1 year | ||||||
Maximum [Member] | |||||||
Note 14 - Commitments (Details) [Line Items] | |||||||
Lessee Leasing Arrangements, Operating Leases, Renewal Term | 25 years |
Note_14_Commitments_Details_To
Note 14 - Commitments (Details) - Total Future Operating Lease Obligations (USD $) | Dec. 31, 2014 |
Total Future Operating Lease Obligations [Abstract] | |
2015 | $20,885,399 |
2016 | 19,548,552 |
2017 | 13,793,190 |
2018 | 6,281,442 |
2019 | 2,758,765 |
Thereafter | 1,029,448 |
$64,296,796 |
Note_14_Commitments_Details_Re
Note 14 - Commitments (Details) - Rent Expenses (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Note 14 - Commitments (Details) - Rent Expenses [Line Items] | |||
Lease and Rental Expense | $21,628,500 | $19,152,057 | $12,020,182 |
Points of Presence [Member] | |||
Note 14 - Commitments (Details) - Rent Expenses [Line Items] | |||
Lease and Rental Expense | 7,746,573 | 7,128,778 | 5,823,961 |
Street Level Rooftops [Member] | |||
Note 14 - Commitments (Details) - Rent Expenses [Line Items] | |||
Lease and Rental Expense | 13,183,209 | 11,067,316 | 5,313,649 |
Corporate Offices [Member] | |||
Note 14 - Commitments (Details) - Rent Expenses [Line Items] | |||
Lease and Rental Expense | 336,437 | 518,245 | 493,111 |
Other Leased Property [Member] | |||
Note 14 - Commitments (Details) - Rent Expenses [Line Items] | |||
Lease and Rental Expense | $362,281 | $437,718 | $389,461 |
Note_14_Commitments_Details_To1
Note 14 - Commitments (Details) - Total Future Capital Lease Obligations (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Total Future Capital Lease Obligations [Abstract] | ||
2015 | $1,042,934 | |
2016 | 790,345 | |
2017 | 517,727 | |
2018 | 53,922 | |
2,404,928 | ||
Less: Interest expense | 273,402 | |
Total capital lease obligations | 2,131,526 | |
Current | 845,668 | 783,051 |
Long-Term | $1,285,858 | $1,805,336 |
Note_15_Segment_Information_De
Note 15 - Segment Information (Details) | 12 Months Ended |
Dec. 31, 2014 | |
Segment Reporting [Abstract] | |
Number of Reportable Segments | 2 |
Note_15_Segment_Information_De1
Note 15 - Segment Information (Details) - Segment Information (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Segment Reporting Information [Line Items] | |||||||||||||||
Revenues | $8,089,795 | $8,521,223 | $33,036,153 | $33,433,284 | |||||||||||
Operating Expenses | |||||||||||||||
Cost of revenues (exclusive of depreciation) | 6,351,252 | 6,262,272 | 24,520,028 | 21,854,163 | 15,376,136 | ||||||||||
Depreciation and amortization | 3,344,543 | 3,697,886 | 13,639,415 | 15,351,441 | 13,634,294 | ||||||||||
Customer support services | 1,232,467 | 1,083,532 | 4,796,038 | 4,883,219 | 5,712,463 | ||||||||||
Sales and marketing | 1,396,488 | 1,446,212 | 5,570,191 | 5,779,500 | 6,134,020 | ||||||||||
General and administrative | 2,609,981 | 2,659,257 | 10,336,504 | 11,033,057 | 12,168,183 | ||||||||||
Total Operating Expenses | 14,934,731 | 15,149,159 | 58,862,176 | 58,901,380 | 53,025,096 | ||||||||||
Operating Income (Loss) | -6,844,936 | -6,206,473 | -6,331,488 | -6,443,126 | -6,627,936 | -6,080,150 | -6,231,492 | -6,528,519 | -6,281,828 | -5,379,983 | -4,713,791 | -4,370,064 | -25,826,023 | -25,468,096 | -20,745,666 |
Capital expenditures | 1,769,614 | 3,333,805 | 8,170,874 | 8,091,579 | |||||||||||
As of December 31, 2014 | |||||||||||||||
Property and equipment, net | 33,905,286 | 38,484,858 | 33,905,286 | 38,484,858 | |||||||||||
Total assets | 82,321,838 | 74,917,467 | 82,321,838 | 74,917,467 | |||||||||||
Fixed Wireless [Member] | Operating Segments [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Revenues | 7,308,005 | 7,917,411 | 30,119,587 | 32,075,680 | |||||||||||
Operating Expenses | |||||||||||||||
Cost of revenues (exclusive of depreciation) | 2,684,310 | 2,704,120 | 10,435,035 | 9,933,588 | |||||||||||
Depreciation and amortization | 2,098,737 | 2,651,546 | 8,697,630 | 11,062,809 | |||||||||||
Customer support services | 326,465 | 342,850 | 1,205,229 | 1,243,201 | |||||||||||
Sales and marketing | 1,274,405 | 1,302,457 | 5,029,112 | 5,127,756 | |||||||||||
General and administrative | 226,276 | 148,484 | 600,440 | 592,347 | |||||||||||
Total Operating Expenses | 6,610,193 | 7,149,457 | 25,967,446 | 27,959,701 | |||||||||||
Operating Income (Loss) | 697,812 | 767,954 | 4,152,141 | 4,115,979 | |||||||||||
Capital expenditures | 1,523,831 | 1,160,116 | 5,567,966 | 4,518,874 | |||||||||||
As of December 31, 2014 | |||||||||||||||
Property and equipment, net | 21,036,228 | 23,069,396 | 21,036,228 | 23,069,396 | |||||||||||
Total assets | 25,809,743 | 28,885,389 | 25,809,743 | 28,885,389 | |||||||||||
Shared Wireless Infrastructure [Member] | Operating Segments [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Revenues | 827,289 | 649,781 | 3,099,972 | 1,540,700 | |||||||||||
Operating Expenses | |||||||||||||||
Cost of revenues (exclusive of depreciation) | 3,708,024 | 3,575,172 | 14,220,122 | 11,980,098 | |||||||||||
Depreciation and amortization | 1,025,192 | 875,471 | 3,957,784 | 3,508,646 | |||||||||||
Customer support services | 180,866 | 197,391 | 683,208 | 784,779 | |||||||||||
Sales and marketing | 51,139 | 62,365 | 229,013 | 301,578 | |||||||||||
General and administrative | 101,695 | 182,131 | 568,985 | 668,627 | |||||||||||
Total Operating Expenses | 5,066,916 | 4,892,530 | 19,659,112 | 17,243,728 | |||||||||||
Operating Income (Loss) | -4,239,627 | -4,242,749 | -16,559,140 | -15,703,028 | |||||||||||
Capital expenditures | 202,310 | 1,264,893 | 2,220,644 | 2,314,236 | |||||||||||
As of December 31, 2014 | |||||||||||||||
Property and equipment, net | 10,758,309 | 12,802,647 | 10,758,309 | 12,802,647 | |||||||||||
Total assets | 13,333,467 | 15,130,388 | 13,333,467 | 15,130,388 | |||||||||||
Corporate, Non-Segment [Member] | |||||||||||||||
Operating Expenses | |||||||||||||||
Cost of revenues (exclusive of depreciation) | 4,417 | 28,949 | 48,277 | 123,573 | |||||||||||
Depreciation and amortization | 220,614 | 170,869 | 984,001 | 779,986 | |||||||||||
Customer support services | 725,136 | 543,291 | 2,907,601 | 2,855,239 | |||||||||||
Sales and marketing | 70,944 | 81,390 | 312,066 | 350,166 | |||||||||||
General and administrative | 2,282,010 | 2,328,642 | 9,167,079 | 9,772,083 | |||||||||||
Total Operating Expenses | 3,303,121 | 3,153,141 | 13,419,024 | 13,881,047 | |||||||||||
Operating Income (Loss) | -3,303,121 | -3,153,141 | -13,419,024 | -13,881,047 | |||||||||||
Capital expenditures | 43,473 | 908,796 | 382,264 | 1,258,469 | |||||||||||
As of December 31, 2014 | |||||||||||||||
Property and equipment, net | 2,110,749 | 2,612,815 | 2,110,749 | 2,612,815 | |||||||||||
Total assets | 43,178,628 | 30,901,690 | 43,178,628 | 30,901,690 | |||||||||||
Consolidation, Eliminations [Member] | |||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||
Revenues | -45,499 | -45,969 | -183,406 | -183,096 | |||||||||||
Operating Expenses | |||||||||||||||
Cost of revenues (exclusive of depreciation) | -45,499 | -45,969 | -183,406 | -183,096 | |||||||||||
Total Operating Expenses | ($45,499) | ($45,969) | ($183,406) | ($183,096) |
Note_16_Quarterly_Financial_In2
Note 16 - Quarterly Financial Information (unaudited) (Details) - Quaterly Financial Reports (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Quaterly Financial Reports [Abstract] | |||||||||||||||
Revenues | $8,089,795 | $8,301,604 | $8,264,848 | $8,379,906 | $8,521,223 | $8,400,664 | $8,212,175 | $8,299,223 | $8,229,543 | $8,127,507 | $8,103,321 | $7,819,059 | |||
Operating Expenses | 14,934,731 | 14,508,077 | 14,596,336 | 14,823,032 | 15,149,159 | 14,480,814 | 14,443,667 | 14,827,742 | 14,511,371 | 13,507,490 | 12,817,112 | 12,189,123 | |||
Operating Loss | -6,844,936 | -6,206,473 | -6,331,488 | -6,443,126 | -6,627,936 | -6,080,150 | -6,231,492 | -6,528,519 | -6,281,828 | -5,379,983 | -4,713,791 | -4,370,064 | -25,826,023 | -25,468,096 | -20,745,666 |
Net Loss | ($8,433,264) | ($6,254,073) | ($6,394,606) | ($6,509,807) | ($6,774,441) | ($6,143,393) | ($6,231,150) | ($5,626,306) | ($6,442,550) | ($5,408,234) | ($4,758,659) | ($4,380,132) | ($27,591,750) | ($24,775,289) | ($20,989,575) |
Net Loss per common share b basic and diluted (in Dollars per share) | ($0.12) | ($0.09) | ($0.10) | ($0.10) | ($0.10) | ($0.09) | ($0.09) | ($0.09) | ($0.12) | ($0.10) | ($0.09) | ($0.08) | ($0.41) | ($0.38) | ($0.39) |
Weighted average number of shares outstanding b basic and diluted (in Shares) | 67,642,056 | 66,643,804 | 66,478,686 | 66,439,061 | 66,419,380 | 66,402,499 | 66,370,789 | 61,464,706 | 54,648,241 | 54,403,237 | 54,369,177 | 54,312,066 | 66,803,767 | 65,181,310 | 54,434,173 |