Towerstream (TWER) 10-Q 15 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 12, 2017
Document Information [Line Items]
Entity Registrant Name	TOWERSTREAM CORP
Entity Central Index Key	1,349,437
Trading Symbol	twer
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		21,779,503
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 11,068,153	$ 12,272,444
Accounts receivable, net of reserves for uncollectible accounts of $45,542 and $64,824, respectively	612,964	505,074
Prepaid expenses and other current assets	383,477	434,444
Current assets of discontinued operations	231,978	231,978
Total Current Assets	12,296,572	13,443,940
Property and equipment, net	13,829,221	15,252,357
Intangible assets, net	3,234,606	3,652,490
Goodwill	1,674,281	1,674,281
Other assets	380,493	369,769
Total Assets	31,415,173	34,392,837
Current Liabilities
Accounts payable	174,767	323,625
Accrued expenses	1,330,909	911,210
Deferred revenues	1,114,660	1,161,520
Current maturities of capital lease obligations	665,874	791,009
Current liabilities of discontinued operations	1,168,747	1,240,000
Deferred rent	130,154	110,738
Total Current Liabilities	4,585,111	4,538,102
Long-Term Liabilities
Long-term debt, net of debt discount and deferred financing costs of $1,513,042 and $1,803,742, respectively	32,099,766	31,487,253
Capital lease obligations, net of current maturities	29,038	158,703
Other	1,015,137	1,062,237
Total Long-Term Liabilities	33,143,941	32,708,193
Total Liabilities	37,729,052	37,246,295
Commitments (Note 15)
Stockholders' Deficit
Common stock, par value $0.001; 200,000,000 shares authorized; 20,779,503 and 18,327,263 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively	20,779	18,327
Additional paid-in-capital	174,133,626	173,782,939
Accumulated deficit	(180,468,287)	(176,655,227)
Total Stockholders' Deficit	(6,313,879)	(2,853,458)
Total Liabilities and Stockholders' Deficit	31,415,173	34,392,837
Series A Preferred Stock [Member]
Stockholders' Deficit
Preferred stock
Series B Convertible Preferred Stock [Member]
Stockholders' Deficit
Preferred stock
Series C Convertible Preferred Stock [Member]
Stockholders' Deficit
Preferred stock
Series D Convertible Preferred Stock [Member]
Stockholders' Deficit
Preferred stock	2	2
Series E Convertible Preferred Stock [Member]
Stockholders' Deficit
Preferred stock		500
Series F Convertible Preferred Stock [Member]
Stockholders' Deficit
Preferred stock	$ 1	$ 1

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Accounts receivable, reserves for uncollectable accounts	$ 45,542	$ 64,824
Debt discount	$ 1,513,042	$ 1,803,742
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized (in shares)	200,000,000	200,000,000
Common stock, issued (in shares)	20,779,503	18,327,263
Common stock, outstanding (in shares)	20,779,503	18,327,263
Series A Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Series B Convertible Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Series C Convertible Preferred Stock [Member]
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Series D Convertible Preferred Stock [Member]
Preferred stock, shares issued (in shares)	1,233	1,233
Preferred stock, shares outstanding (in shares)	1,233	1,233
Preferred stock, liquidation value	$ 1,233,000	$ 1,233,000
Series E Convertible Preferred Stock [Member]
Preferred stock, shares issued (in shares)	0	500,000
Preferred stock, shares outstanding (in shares)	0	500,000
Preferred stock, liquidation value	$ 0	$ 500
Series F Convertible Preferred Stock [Member]
Preferred stock, shares issued (in shares)	843	1,233
Preferred stock, shares outstanding (in shares)	843	1,233
Preferred stock, liquidation value	$ 843,000	$ 1,233,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues	$ 6,572,317	$ 6,734,090
Operating Expenses
Infrastructure and access	2,708,311	2,570,747
Depreciation and amortization	2,433,501	2,527,647
Network operations	1,200,907	1,272,168
Customer support	367,682	543,191
Sales and marketing	864,976	1,494,920
General and administrative	1,537,728	1,979,792
Total Operating Expenses	9,113,105	10,388,465
Operating Loss	(2,540,788)	(3,654,375)
Other Income/(Expense)
Interest expense, net	1,273,901	1,607,120
Other income, net	1,629
Total Other Income/(Expense)	(1,272,272)	(1,607,120)
Loss from continuing operations	(3,813,060)	(5,261,495)
Loss from discontinued operations
Operating loss		(2,909,567)
Gain on sale of assets		1,177,742
Total		(1,731,825)
Net Loss	$ (3,813,060)	$ (6,993,320)
(Loss) gain per share – basic and diluted
Continuing (in dollars per share)	$ (0.19)	$ (1.55)
Discontinued
Operating (in dollars per share)		(0.86)
Non-operating (in dollars per share)		0.35
Total (in dollars per share)		(0.51)
Net loss per common share – basic and diluted (in dollars per share)	$ (0.19)	$ (2.06)
Weighted average common shares outstanding – basic and diluted (in shares)	19,717,264	3,402,540

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Deficit (Unaudited) - 3 months ended Mar. 31, 2017 - USD ($)	Series E Convertible Preferred Stock [Member]Preferred Stock [Member]	Series E Convertible Preferred Stock [Member]Common Stock [Member]	Series F Convertible Preferred Stock [Member]Preferred Stock [Member]	Series F Convertible Preferred Stock [Member]Common Stock [Member]	Series F Convertible Preferred Stock [Member]Additional Paid-in Capital [Member]	Series D Convertible Preferred Stock [Member]Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings, Appropriated [Member]	Total
Balance (in shares) at Dec. 31, 2016	500,000		1,233			1,233	18,327,263
Balance at Dec. 31, 2016	$ 500		$ 1			$ 2	$ 18,327	$ 173,782,939	$ (176,655,227)	$ (2,853,458)
Conversion of convertible preferred stock into common shares (in shares)	(500,000)	500,000	(390)	1,950,000
Conversion of convertible preferred stock into common shares	$ (500)	$ 500		$ 1,950	$ (1,950)
Stock-based compensation for options								352,281		352,281
Issuance of common stock under employee stock purchase plan (in shares)							2,240
Issuance of common stock under employee stock purchase plan							$ 2	356		358
Net loss									(3,813,060)	(3,813,060)
Balance (in shares) at Mar. 31, 2017			843			1,233	20,779,503
Balance at Mar. 31, 2017			$ 1			$ 2	$ 20,779	$ 174,133,626	$ (180,468,287)	$ (6,313,879)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows From Operating Activities
Net loss	$ (3,813,060)	$ (6,993,320)
Loss from discontinued operations		1,731,825
Loss from continuing operations	(3,813,060)	(5,261,495)
Adjustments to reconcile loss from continuing operations to net cash used in continuing operating activities:
Provision for doubtful accounts	7,000
Depreciation for property, plant and equipment	2,015,617	2,322,974
Amortization for intangible assets	417,884	204,673
Amortization of Debt Issuance Costs	290,700	451,924
Accrued interest added to principal	321,813	371,572
Loss on property and equipment		528,364
Stock-based compensation - Options	352,281	296,385
Stock-based compensation - Stock issued for services		20,000
Stock-based compensation - Employee stock purchase plan	54	1,784
Deferred rent	(27,684)	(548,161)
Changes in operating assets and liabilities:
Accounts receivable	(114,890)	(57,875)
Prepaid expenses and other current assets	50,967	(390,252)
Other assets	(191)	(6,588)
Accounts payable	(148,858)	(369,104)
Accrued expenses	383,748	51,203
Deferred revenues	(46,860)	(275,926)
Total Adjustments	3,501,581	2,600,973
Net Cash Used In Continuing Operating Activities	(311,479)	(2,660,522)
Net Cash Used In Discontinued Operating Activities	(71,253)	(2,094,260)
Net Cash Used In Operating Activities	(382,732)	(4,754,782)
Cash Flows From Investing Activities
Acquisitions of property and equipment	(556,530)	(625,976)
Change in security deposits	(10,533)	15,639
Net Cash Used In Continuing Investing Activities	(567,063)	(610,337)
Net Cash Provided By Discontinued Investing Activities		124,130
Net Cash Used In Investing Activities	(567,063)	(486,207)
Cash Flows From Financing Activities
Repayment of capital leases	(254,800)	(243,738)
Issuance of common stock under employee stock purchase plan	304	8,916
Net Cash Used In Continuing Financing Activities	(254,496)	(234,822)
Net Decrease In Cash and Cash Equivalents
Continuing Operations	(1,133,038)	(3,505,681)
Discontinued Operations	(71,253)	(1,970,130)
Net Decrease In Cash and Cash Equivalents	(1,204,291)	(5,475,811)
Cash and Cash Equivalents – Beginning	12,272,444	15,116,531
Cash and Cash Equivalents – Ending	11,068,153	9,640,720
Interest	661,419	778,971
Taxes	730	11,780
Acquisition of property and equipment - Included in accrued expenses	154,093	148,712
Exchange of intangible assets - discontinued operations (Note 4)		$ 3,837,783

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Business	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Nature of Operations [Text Block]	Note 1. Towerstream Corporation (referred to as “Towerstream” or the “Company”) was incorporated in Delaware in December 1999. first five In January 2013, fourth 2015, fourth 2015 first 2016 On March 9, 2016, three two one sixty first 2016,

Note 2 - Liquidity and Manageme

Note 2 - Liquidity and Management Plans	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Liquidity and Management Plans [Text Block]	Note 2. The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of March 31, 2017, $11.1 $7.7 March 31, 2017, $180.5 one During the year ended December 31, 2016, $9,130,000 $5,000,000 2016 first 2017. may

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note 3. Basis of Presentation. 10 10 March 31, 2017 three March 31, 2017 These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in the Company’s Annual Report on Form 10 December 31, 2016. 10 December 31, 2016, 10 Retroactive Adjustment for Reverse Stock Split. July 7, 2016, one twenty Use of Estimates. Concentration of Credit Risk . may March 31, 2017, $10.8 $250,000. Revenue Recognition. one three 104, 104”) Deferred Revenues. Intrinsic Value of Stock Options and Warrants Reclassifications. Subsequent Events

Note 4 - Discontinued Operation

Note 4 - Discontinued Operations	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Note 4 . Discontinued Operations During the fourth 2015, fourth 2015 first 2016 March 9, 2016, three two one sixty $2,660,041 $3,837,783. first 2016, $1,177,742 The Company determined that it will not be able to sell the remaining network locations in New York City. As a result, the Company recognized charges totaling $1,585,319 first 2016 $453,403 $528,364 $110,500 $493,052 $1,244,284 fourth 2015. first 2016 Discontinued Operations A more detailed presentation of loss from discontinued operations is set forth below. There has been no allocation of consolidated interest expense to discontinued operations. Three Months Ended March 31, 2017 2016 Revenues $ - $ 553,302 Operating expenses: Infrastructure and access - 2,523,222 Depreciation - 638,681 Network operations - 183,583 Customer support - 69,804 Sales and marketing - 246 General and administrative - 47,333 Total operating expenses - 3,462,869 Net operating loss - (2,909,567 ) Gain on sale of assets - 1,177,742 Net Loss $ - $ (1,731,825 ) The components of the balance sheet accounts presented as discontinued operations were as follows: March 31 , 2017 December 31, 2016 Assets: Prepaid expenses and other current assets 231,978 231,978 Total Current Assets $ 231,978 $ 231,978 Liabilities: Accrued expenses - leases 1,168,747 1,240,000 Total Current Liabilities $ 1,168,747 $ 1,240,000

Note 5 - Property and Equipment

Note 5 - Property and Equipment	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 5. Property and equipment is comprised of: March 31, 2017 December 31, 2016 Network and base station equipment $ 42,434,071 $ 42,098,570 Customer premise equipment 33,855,343 33,617,085 Information technology 4,878,311 4,859,875 Furniture, fixtures and other 1,713,430 1,713,430 Leasehold improvements 1,631,608 1,631,322 84,512,763 83,920,282 Less: accumulated depreciation 70,683,542 68,667,925 Property and equipment, net $ 13,829,221 $ 15,252,357 Depreciation expense for the three March 31, 2017 2016 $2,015,617 $2,322,974, March 31 , 2017 December 31, 2016 Network and base station equipment $ 2,620,898 $ 2,620,898 Customer premise equipment 669,792 669,792 Information technology 1,860,028 1,860,028 5,150,718 5,150,718 Less: accumulated depreciation 4,307,297 4,083,274 Property acquired through capital leases, net $ 843,421 $ 1,067,444 Property acquired through capital leases included within the Company’s property and equipment consists of the following:

Note 6 - Intangible Assets

Note 6 - Intangible Assets	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	Note 6. Intangible assets consist of the following: March 31, 2017 December 31, 2016 Goodwill $ 1,674,281 $ 1,674,281 Customer relationships $ 11,856,126 $ 11,856,126 Less: accumulated amortization 11,823,436 11,725,369 Customer relationships, net 32,690 130,757 Backhaul agreement 3,837,783 3,837,783 Less: accumulated amortization 1,385,867 1,066,050 Backhaul agreement, net 2,451,916 2,771,733 FCC licenses 750,000 750,000 Intangible assets, net $ 3,234,606 $ 3,652,490 Amortization expense for the three March 31, 2017 2016 $417,884 $204,673, 4, three 50 April 2017.

Note 7 - Accrued Expenses

Note 7 - Accrued Expenses	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Accrued Liabilities Disclosure [Text Block]	Note 7. Accrued expenses consist of the following: March 31, 2017 December 31, 2016 Professional services $ 508,084 $ 263,928 Payroll and related 406,032 294,006 Property and equipment 154,093 118,139 Network 120,836 92,645 Other 141,864 142,492 Total $ 1,330,909 $ 911,210 Network represents costs incurred to provide services to the Company’s customers including tower rentals, bandwidth, troubleshooting and gear removal.

Note 8 - Other Long-term Liabil

Note 8 - Other Long-term Liabilities	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	Note 8. Other liabilities consist of the following: March 31, 2017 December 31, 2016 Deferred rent $ 594,699 $ 641,799 Deferred taxes 420,438 420,438 Total $ 1,015,137 $ 1,062,237

Note 9 - Long-term Debt

Note 9 - Long-term Debt	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 9. Long-term debt consists of the following: March 31, 2017 December 31, 2016 Principal $ 33,612,808 $ 33,290,995 Unamortized debt discount (1,513,042 ) (1,803,742 ) Total $ 32,099,766 $ 31,487,253 In October 2014, $35,000,000 $33,950,000 3% This Note matures on October 16, 2019 360 a) A rate equal to the greater of: i) the sum of the one 7% 8% one 0.98% March 31, 2017. b) A rate of 4% This Note is secured by a first The Note 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). The Note contains several restrictive covenants and the most significant of which requires the Company to maintain a minimum cash balance of $6,500,000 March 31, 2017. 5% may The Company has the option to prepay the Note in the minimum principal amount of $5,000,000 $1,000,000 A discount of $6,406,971 a) $2,463,231 120,000 60,000 $25.20 $0.20 April 2022. b) $2,893,739 c) $1,050,000 3% On November 8, 2016 $5,000,000 $4,935,834 $64,166, 1,000 4,000,000 a) Wrote-off the portion of the unamortized debt discount and deferred financing costs associated with the exchanged principal and recorded a charge to interest expense of $331,609. b) Recorded a non-cash loss on extinguishment of debt charge of $500,000. $5,500,000 $5,000,000 The Company recorded interest expense of $965,439 $1,114,716 three March 31, 2017 2016, $643,626 $743,144 $321,813 $371,572 three March 31, 2017 2016, The Company recorded amortization expense of $290,700 $451,924 three March 31, 2017 2016,

Note 10 - Capital Stock

Note 10 - Capital Stock	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	Note 10. On January 9, 2017, 500,000 500,000 On various dates from January 26, 2017 March 23, 2017, 390 1,950,000

Note 11 - Stock Options and War

Note 11 - Stock Options and Warrants	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 11. Stock Options Plans The Company uses the Black-Scholes option pricing model to value options issued to employees, directors and consultants. Compensation expense, including the estimated effect of forfeitures, is recognized over the period of service, generally the vesting period. Stock compensation expense and the weighted average assumptions used to calculate the fair values of stock options granted during the periods indicated were as follows: Three Months Ended March 31, 2017 2016 Risk-free interest rate 1.7 % 1.2% to 1.4% Expected volatility 110 % 77% to 82% Expected life (in years) 4.2 4.2 Expected dividend yield - - Estimated forfeiture rates 20 % 1% to 7% Weighted average per share grant date fair value $ 0.13 $ 0.14 Stock-based compensation $ 352,281 $ 296,385 The risk-free interest rate was based on rates established by the Federal Reserve. The expected volatility was based upon the historical volatility for the Company’s common stock. The Company utilized historical data to determine the expected life of stock options. The dividend yield reflected the fact that the Company has not historically paid dividends, and does not expect to pay dividends in the foreseeable future. Stock-based compensation is included in general and administrative expenses in the accompanying condensed consolidated statements of operations. The unamortized amount of stock options expense totaled $906,778 March 31, 2017 4.6 Option transactions under the stock option plans during the three March 31, 2017 Number Weighted Average Exercise Price Outstanding as of January 1, 2017 2,106,889 $ 5.30 Granted during 2017 3,252,072 0.17 Cancelled /expired (64,945) 22.62 Outstanding as of March 31, 2017 5,294,016 $ 1.94 Exercisable as of March 31, 2017 1,750,287 $ 4.96 Grants under the stock option plans during the three March 31, 2017 Number Consultant grants 25,000 Executive grants 3,227,072 Total 3,252,072 Options granted during the reporting period had a term of ten six two one two $426,701 three March 31, 2017. On January 24, 2017, 2,037,085 $0.17 ten 940,193 January 24, 2018; 626,795 eight twenty four January 24, 2020; 548,446 three 548,446 $15,000,000. Certain stock options awarded to Ernest Ortega in conjunction with his 2017 $140,708 three March 31, 2017. three March 31, 2017. On February 3, 2017, 1,189,987 $0.18 ten 500,653 439,008 250,326 100% eight Cancellations for the three March 31, 2017 57,445 7,500 The weighted average remaining contractual life of the outstanding options as of March 31, 2017 9.6 There was no March 31, 2017. March 31, 2017 $0.16 Stock Warrants There were 180,000 March 31, 2017 December 31, 2016, $16.87 five There was no March 31, 2017.

Note 12 - Employee Stock Purcha

Note 12 - Employee Stock Purchase Plan	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Employee Stock Purchase Plan Disclosure [Text Block]	Note 12. Under the Company’s 2010 15% 25,000 March 31, 2017. three March 31, 2017 2016, 2,240 4,459 $358 $10,700, $54 $1,784 15% three March 31, 2017 2016,

Note 13 - Fair Value Measuremen

Note 13 - Fair Value Measurement	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 13. 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 1 2 3 The carrying amounts of cash and cash equivalents, 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 three March 31, 2017.

Note 14 - Net Loss Per Common S

Note 14 - Net Loss Per Common Share	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 14. 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. The following common stock equivalents were excluded from the computation of diluted net loss per common share because they were anti-dilutive. The exercise or issuance of these common stock equivalents would dilute earnings per share if the Company becomes profitable in the future. Three Months Ended March 31, 2017 2016 Stock options 5,294,016 253,777 Warrants 180,000 142,500 Series D Convertible Preferred Stock 3,082,500 - Series F Convertible Preferred Stock 4,215,000 - Total 12,771,516 396,277

Note 15 - Commitments

Note 15 - Commitments	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Commitments Disclosure [Text Block]	Note 15. 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 June 2024. one fifteen March 31, 2017, Remainder of 2017 $ 5,742,994 2018 6,318,665 2019 4,846,377 2020 2,627,912 2021 667,892 Thereafter 231,105 Total $ 20,434,945 Rent expenses were as follows: Three Months Ended March 31 , 201 7 201 6 Points of Presence $ 2,106,103 $ 2,075,658 Corporate offices 81,524 149,147 Other 97,256 121,489 Total $ 2,284,884 $ 2,346,294 TOWERSTREAM CORPORATION AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED Rent expenses related to Points of Presence were included in infrastructure and access in the Company’s condensed consolidated statements of operations. Rent expense related to our corporate offices was allocated between general and administrative, sales and marketing, customer support, and network operations expense in the Company’s condensed consolidated statements of operations. Other rent expenses were included in network operations within the Company’s condensed consolidated statements of operations. In September 2013, January 1, 2014 December 31, 2019 five December 31, 2024. $600,000 two one $380,000 February 2014. $359,750 2014 3% $416,970 2019. In December 2014, second February 2015 38 60 $53,130 3% April 2016, $26,648 $25,000. Capital Lease Obligations The Company has entered into capital leases to acquire property and equipment expiring through June 2018. March 31, 2017, Total Capital lease obligation: Remainder of 2017 $ 564,851 2018 161,770 Subtotal 726,621 Less: Interest Expense (31,709 ) Total $ 694,912 Total Capital lease obligation: Current $ 665,874 Long-term 29,038 Total $ 694,912

Note 16 - Subsequent Events

Note 16 - Subsequent Events	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	Note 16 On various dates from April 4, 2017 April 13, 2017, 200 1,000,000

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation. 10 10 March 31, 2017 three March 31, 2017 These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in the Company’s Annual Report on Form 10 December 31, 2016. 10 December 31, 2016, 10
Stockholders' Equity, Policy [Policy Text Block]	Retroactive Adjustment for Reverse Stock Split. July 7, 2016, one twenty
Use of Estimates, Policy [Policy Text Block]	Use of Estimates.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk . may March 31, 2017, $10.8 $250,000.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition. one three 104, 104”)
Revenue Recognition, Deferred Revenue [Policy Text Block]	Deferred Revenues.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Intrinsic Value of Stock Options and Warrants
Reclassification, Policy [Policy Text Block]	Reclassifications.
Subsequent Events, Policy [Policy Text Block]	Subsequent Events

Note 4 - Discontinued Operati24

Note 4 - Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule Of Components Of Loss From Discontinued Operations [Table Text Block]	Three Months Ended March 31, 2017 2016 Revenues $ - $ 553,302 Operating expenses: Infrastructure and access - 2,523,222 Depreciation - 638,681 Network operations - 183,583 Customer support - 69,804 Sales and marketing - 246 General and administrative - 47,333 Total operating expenses - 3,462,869 Net operating loss - (2,909,567 ) Gain on sale of assets - 1,177,742 Net Loss $ - $ (1,731,825 )
Discontinued Operation, Schedule of Amounts Recognized in Balance Sheet [Table Text Block]	March 31 , 2017 December 31, 2016 Assets: Prepaid expenses and other current assets 231,978 231,978 Total Current Assets $ 231,978 $ 231,978 Liabilities: Accrued expenses - leases 1,168,747 1,240,000 Total Current Liabilities $ 1,168,747 $ 1,240,000

Note 5 - Property and Equipme25

Note 5 - Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Property, Plant and Equipment [Table Text Block]	March 31, 2017 December 31, 2016 Network and base station equipment $ 42,434,071 $ 42,098,570 Customer premise equipment 33,855,343 33,617,085 Information technology 4,878,311 4,859,875 Furniture, fixtures and other 1,713,430 1,713,430 Leasehold improvements 1,631,608 1,631,322 84,512,763 83,920,282 Less: accumulated depreciation 70,683,542 68,667,925 Property and equipment, net $ 13,829,221 $ 15,252,357
Schedule of Capital Leased Assets [Table Text Block]	March 31 , 2017 December 31, 2016 Network and base station equipment $ 2,620,898 $ 2,620,898 Customer premise equipment 669,792 669,792 Information technology 1,860,028 1,860,028 5,150,718 5,150,718 Less: accumulated depreciation 4,307,297 4,083,274 Property acquired through capital leases, net $ 843,421 $ 1,067,444

Note 6 - Intangible Assets (Tab

Note 6 - Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	March 31, 2017 December 31, 2016 Goodwill $ 1,674,281 $ 1,674,281 Customer relationships $ 11,856,126 $ 11,856,126 Less: accumulated amortization 11,823,436 11,725,369 Customer relationships, net 32,690 130,757 Backhaul agreement 3,837,783 3,837,783 Less: accumulated amortization 1,385,867 1,066,050 Backhaul agreement, net 2,451,916 2,771,733 FCC licenses 750,000 750,000 Intangible assets, net $ 3,234,606 $ 3,652,490

Note 7 - Accrued Expenses (Tabl

Note 7 - Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	March 31, 2017 December 31, 2016 Professional services $ 508,084 $ 263,928 Payroll and related 406,032 294,006 Property and equipment 154,093 118,139 Network 120,836 92,645 Other 141,864 142,492 Total $ 1,330,909 $ 911,210

Note 8 - Other Long-term Liab28

Note 8 - Other Long-term Liabilities (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Other Liabilities [Table Text Block]	March 31, 2017 December 31, 2016 Deferred rent $ 594,699 $ 641,799 Deferred taxes 420,438 420,438 Total $ 1,015,137 $ 1,062,237

Note 9 - Long-term Debt (Tables

Note 9 - Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	March 31, 2017 December 31, 2016 Principal $ 33,612,808 $ 33,290,995 Unamortized debt discount (1,513,042 ) (1,803,742 ) Total $ 32,099,766 $ 31,487,253

Note 11 - Stock Options and W30

Note 11 - Stock Options and Warrants (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Three Months Ended March 31, 2017 2016 Risk-free interest rate 1.7 % 1.2% to 1.4% Expected volatility 110 % 77% to 82% Expected life (in years) 4.2 4.2 Expected dividend yield - - Estimated forfeiture rates 20 % 1% to 7% Weighted average per share grant date fair value $ 0.13 $ 0.14 Stock-based compensation $ 352,281 $ 296,385
Share-based Compensation, Stock Options, Activity [Table Text Block]	Number Weighted Average Exercise Price Outstanding as of January 1, 2017 2,106,889 $ 5.30 Granted during 2017 3,252,072 0.17 Cancelled /expired (64,945) 22.62 Outstanding as of March 31, 2017 5,294,016 $ 1.94 Exercisable as of March 31, 2017 1,750,287 $ 4.96
Schedule Of Grants Under Stock Option Plan Details [Table Text Block]	Number Consultant grants 25,000 Executive grants 3,227,072 Total 3,252,072

Note 14 - Net Loss Per Common31

Note 14 - Net Loss Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended March 31, 2017 2016 Stock options 5,294,016 253,777 Warrants 180,000 142,500 Series D Convertible Preferred Stock 3,082,500 - Series F Convertible Preferred Stock 4,215,000 - Total 12,771,516 396,277

Note 15 - Commitments (Tables)

Note 15 - Commitments (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Remainder of 2017 $ 5,742,994 2018 6,318,665 2019 4,846,377 2020 2,627,912 2021 667,892 Thereafter 231,105 Total $ 20,434,945
Schedule of Rent Expense [Table Text Block]	Three Months Ended March 31 , 201 7 201 6 Points of Presence $ 2,106,103 $ 2,075,658 Corporate offices 81,524 149,147 Other 97,256 121,489 Total $ 2,284,884 $ 2,346,294
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	Total Capital lease obligation: Remainder of 2017 $ 564,851 2018 161,770 Subtotal 726,621 Less: Interest Expense (31,709 ) Total $ 694,912 Total Capital lease obligation: Current $ 665,874 Long-term 29,038 Total $ 694,912

Note 1 - Organization and Nat33

Note 1 - Organization and Nature of Business (Details Textual) - Shared Wireless Business [Member]	Mar. 09, 2016
Asset Purchase Agreement, Term	3 years
Asset Purchase Agreement, Number of One Year Renewals	2
Asset Purchase Agreement, Renewal Term	1 year
Asset Purchase Agreement, Cancellation Notice	60 days

Note 2 - Liquidity and Manage34

Note 2 - Liquidity and Management Plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2015
Cash and Cash Equivalents, at Carrying Value	$ 12,272,444	$ 11,068,153	$ 9,640,720	$ 15,116,531
Working Capital		7,700,000
Retained Earnings (Accumulated Deficit)	(176,655,227)	$ (180,468,287)
Proceeds from Issuance or Sale of Equity	9,130,000
Debt Conversion, Original Debt, Amount	$ 5,000,000

Note 3 - Summary of Significa35

Note 3 - Summary of Significant Accounting Policies (Details Textual)	3 Months Ended
	Mar. 31, 2017USD ($)
Cash, Uninsured Amount	$ 10,800,000
Cash, FDIC Insured Amount	$ 250,000
Minimum [Member]
Contractual Agreements, Term	1 year
Maximum [Member]
Contractual Agreements, Term	3 years
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	20

Note 4 - Discontinued Operati36

Note 4 - Discontinued Operations (Details Textual)	Mar. 09, 2016USD ($)	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Disposal Group, Including Discontinued Operation, Consideration			$ 3,837,783
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax			1,177,742
Shared Wireless Business [Member]
Asset Purchase Agreement, Term	3 years
Asset Purchase Agreement, Number of One Year Renewals	2
Asset Purchase Agreement, Renewal Term	1 year
Asset Purchase Agreement, Cancellation Notice	60 days
Disposal Group, Including Discontinued Operation, Assets	$ 2,660,041
Disposal Group, Including Discontinued Operation, Consideration	$ 3,837,783
Asset Impairment and Other Charges			1,585,319
Estimated Costs to Settle Lease Obligations			453,403
Impairment of Long-Lived Assets Held-for-use			528,364
Write off of Security Deposits			110,500
Accelerated Expensing of Deferred Acquistion Costs			$ 493,052
Reduction in Accrual for Terminated Lease Obligations				$ 1,244,284

Note 4 - Discontinued Operati37

Note 4 - Discontinued Operations - Loss From Discontinued Operations (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues		$ 553,302
Infrastructure and access		2,523,222
Depreciation		638,681
Network operations		183,583
Customer support		69,804
Sales and marketing		246
General and administrative		47,333
Total operating expenses		3,462,869
Net operating loss		(2,909,567)
Gain on sale of assets		1,177,742
Net Loss		$ (1,731,825)

Note 4 - Discontinued Operati38

Note 4 - Discontinued Operations - Components of Balance Sheet Accounts (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Assets:
Prepaid expenses and other current assets	$ 231,978	$ 231,978
Total Current Assets	231,978	231,978
Liabilities:
Total Current Liabilities	1,168,747	1,240,000
Network [Member]
Liabilities:
Accrued expenses - leases	$ 1,168,747	$ 1,240,000

Note 5 - Property and Equipme39

Note 5 - Property and Equipment (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Depreciation	$ 2,015,617	$ 2,322,974

Note 5 - Property and Equipme40

Note 5 - Property and Equipment - Property and Equipment (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Property, Plant, and Equipment, Gross	$ 84,512,763	$ 83,920,282
Less: accumulated depreciation	70,683,542	68,667,925
Property and equipment, net	13,829,221	15,252,357
Network and Base Station Equipment [Member]
Property, Plant, and Equipment, Gross	42,434,071	42,098,570
Customer Premise Equipment [Member]
Property, Plant, and Equipment, Gross	33,855,343	33,617,085
Information Technology [Member]
Property, Plant, and Equipment, Gross	4,878,311	4,859,875
Furniture and Fixtures [Member]
Property, Plant, and Equipment, Gross	1,713,430	1,713,430
Leasehold Improvements [Member]
Property, Plant, and Equipment, Gross	$ 1,631,608	$ 1,631,322

Note 5 - Property and Equipme41

Note 5 - Property and Equipment - Property Acquired Through Capital Leases (Details) - USD ($)	Mar. 01, 2017	Dec. 31, 2016
Capital Leased Assets, Gross	$ 5,150,718	$ 5,150,718
Less: accumulated depreciation	4,307,297	4,083,274
Property acquired through capital leases, net	843,421	1,067,444
Network and Base Station Equipment [Member]
Capital Leased Assets, Gross	2,620,898	2,620,898
Customer Premise Equipment [Member]
Capital Leased Assets, Gross	669,792	669,792
Information Technology [Member]
Capital Leased Assets, Gross	$ 1,860,028	$ 1,860,028

Note 6 - Intangible Assets (Det

Note 6 - Intangible Assets (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Amortization of Intangible Assets	$ 417,884	$ 204,673
Delos Internet [Member] | Customer Relationships [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	4 years 60 days
Time Warner Cable [Member] | Backhaul Agreement [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 years

Note 6 - Intangible Assets - In

Note 6 - Intangible Assets - Intangible Assets and Goodwill (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Goodwill	$ 1,674,281	$ 1,674,281
FCC licenses	750,000	750,000
Intangible assets, net	3,234,606	3,652,490
Customer Relationships [Member]
Customer relationships	11,856,126	11,856,126
Less: accumulated amortization	11,823,436	11,725,369
Customer relationships, net	32,690	130,757
Backhaul Agreement [Member]
Less: accumulated amortization	1,385,867	1,066,050
Customer relationships, net	2,451,916	2,771,733
Backhaul agreement	$ 3,837,783	$ 3,837,783

Note 7 - Accrued Expenses - Acc

Note 7 - Accrued Expenses - Accrued Expenses (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Accrued Liabilities, Current	$ 1,330,909	$ 911,210
Professional Services [Member]
Accrued Liabilities, Current	508,084	263,928
Payroll and Related [Member]
Accrued Liabilities, Current	406,032	294,006
Property and Equipment [Member]
Accrued Liabilities, Current	154,093	118,139
Network [Member]
Accrued Liabilities, Current	120,836	92,645
Other Accrued Liabilities [Member]
Accrued Liabilities, Current	$ 141,864	$ 142,492

Note 8 - Other Long-term Liab45

Note 8 - Other Long-term Liabilities - Other Liabilities, Current and Noncurrent (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Deferred rent	$ 594,699	$ 641,799
Deferred taxes	420,438	420,438
Total	$ 1,015,137	$ 1,062,237

Note 9 - Long-term Debt (Detail

Note 9 - Long-term Debt (Details Textual) - USD ($)	Nov. 08, 2016	Oct. 31, 2014	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Debt Instrument, Unamortized Discount			$ 1,513,042		$ 1,803,742
Debt Conversion, Original Debt, Amount					$ 5,000,000
Increase (Decrease) in Interest Payable, Net			321,813	$ 371,572
Amortization of Debt Issuance Costs			290,700	451,924
Melody Business Finance LLC [Member]
Debt Conversion, Original Debt, Amount	$ 5,000,000
Melody Business Finance LLC [Member] | Towerstream Investor [Member]
Proceeds from Collection of Notes Receivable	$ 5,500,000
Melody Business Finance LLC [Member] | Series D Convertible Preferred Stock [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	4,000,000
Debt Conversion, Converted Instrument, Shares Issued	1,000
Interest Expense, Write-off of Unamortized Debt Discount	$ 331,609
Gain (Loss) on Extinguishment of Debt	(500,000)
Secured Debt [Member] | Melody Business Finance LLC [Member]
Debt Instrument, Face Amount		$ 35,000,000
Proceeds from Issuance of Long-term Debt		$ 33,950,000
Debt Instrument Discount Rate		3.00%
Paid In Kind Interest Stated Rate		4.00%
Debt Covenant, Cash and Cash Equivalents, Minimum Balance		$ 6,500,000
Debt Instrument Additional Interes Rate In The Event Of Default		5.00%
Debt Instrument Prepayment Minimum Principal Amount		$ 5,000,000
Debt Instrument, Prepayment, Integral Amounts Beyond the Minimum Principal Amount		1,000,000
Debt Instrument, Unamortized Discount		6,406,971
Warrants and Rights Outstanding		2,463,231
Debt Issuance Costs, Gross		2,893,739
Debt Instrument, Original Issue Discount		$ 1,050,000
Debt Instrument, Original Issue Discount Rate		3.00%
Debt Conversion, Original Debt, Amount	5,000,000
Debt Conversion, Original Debt, Amount, Principal Portion	4,935,834
Debt Conversion, Original Debt, Amount, Interest Portion	$ 64,166
Interest Expense			965,439	1,114,716
Interest Paid			643,626	743,144
Increase (Decrease) in Interest Payable, Net			321,813	371,572
Amortization of Debt Issuance Costs			$ 290,700	$ 451,924
Secured Debt [Member] | Melody Business Finance LLC [Member] | Warrant One [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		120,000
Secured Debt [Member] | Melody Business Finance LLC [Member] | Warrant Two [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		60,000
Secured Debt [Member] | Melody Business Finance LLC [Member] | If Rate Is Greater Than LIBOR Rate [Member]
Debt Instrument, Interest Rate, Stated Percentage		8.00%
Debt Instrument, Reference Rate			0.98%
Secured Debt [Member] | Melody Business Finance LLC [Member] | First Two Thirds Of Shares Under Warrants [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 25.20
Secured Debt [Member] | Melody Business Finance LLC [Member] | Remaining One Third Of Shares Under Warrants [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 0.20
Secured Debt [Member] | Melody Business Finance LLC [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		7.00%

Note 9 - Long-term Debt - Summa

Note 9 - Long-term Debt - Summary of Long-term Debt (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Principal	$ 33,612,808	$ 33,290,995
Unamortized debt discount	(1,513,042)	(1,803,742)
Total	$ 32,099,766	$ 31,487,253

Note 10 - Capital Stock (Detail

Note 10 - Capital Stock (Details Textual) - shares	Jan. 09, 2017	Mar. 23, 2017
Conversion of Series E Convertible Preferred Stock into Shares of Common Stock [Member]
Conversion of Stock, Shares Converted	500,000
Conversion of Stock, Shares Issued	500,000
Conversion of Series F Convertible Preferred Stock into Common Stock [Member]
Conversion of Stock, Shares Converted		390
Conversion of Stock, Shares Issued		1,950,000

Note 11 - Stock Options and W49

Note 11 - Stock Options and Warrants (Details Textual) - USD ($)	Feb. 03, 2017	Jan. 24, 2017	Mar. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	1,189,987		3,252,072
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 0.18		$ 0.17
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	100.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period			57,445
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period			7,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term			9 years 219 days
Share Price			$ 0.16
Class of Warrant or Right, Outstanding			180,000	180,000
Class Of Warrant Or Right, Outstanding, Weighted Average Exercise Price			$ 16.87	$ 16.87
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value			$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value			$ 0
Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term			5 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding			$ 0
Consultant [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			25,000
Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			3,227,072
Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	500,653
Chief Operating Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	439,008
Chief Financial Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	250,326
Employee Stock Option [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			$ 906,778
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			4 years 219 days
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period			10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Granted in Period, Fair Value			$ 426,701
Employee Stock Option [Member] | Consultant [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			180 days
Employee Stock Option [Member] | Executive Officer [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			2 years
Employee Stock Option [Member] | Executive Officer [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			1 year
Stock Options, Employment Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period		10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		2,037,085
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price		$ 0.17
Stock Options, Employment Agreement [Member] | Vest on January 24, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		940,193
Stock Options, Employment Agreement [Member] | Vest in Eight Quarterly Installments During the Twenty-four Months Ending January 24, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		626,795
Stock Options, Employment Agreement [Member] | Vest Upon the Achievement of Three Consecutive Quarters of Positive Cash Flow [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		548,446
Stock Options, Employment Agreement [Member] | Vest Upon Sale of Earth Station Assets in Miami, Florida for Gross Proceeds Equal to or Greater than $15,000,000 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		548,446
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Granted in Period, Fair Value			$ 140,708

Note 11 - Stock Options and W50

Note 11 - Stock Options and Warrants - Black-Scholes Option Pricing Model Assumptions (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Risk-free interest rate	1.70%
Expected volatility	110.00%
Expected life (in years) (Year)	4 years 73 days	4 years 73 days
Expected dividend yield
Estimated forfeiture rates	20.00%
Weighted average per share grant date fair value (in dollars per share)	$ 0.13	$ 0.14
Stock-based compensation	$ 352,281	$ 296,385
Minimum [Member]
Risk-free interest rate		1.20%
Expected volatility		77.00%
Estimated forfeiture rates		1.00%
Maximum [Member]
Risk-free interest rate		1.40%
Expected volatility		82.00%
Estimated forfeiture rates		7.00%

Note 11 - Stock Options and W51

Note 11 - Stock Options and Warrants - Option Transactions Under the Stock Option Plans (Details) - $ / shares	Feb. 03, 2017	Mar. 31, 2017
Outstanding (in shares)		2,106,889
Outstanding (in dollars per share)		$ 5.30
Granted (in shares)	1,189,987	3,252,072
Granted (in dollars per share)	$ 0.18	$ 0.17
Cancelled /expired (in shares)		(64,945)
Cancelled /expired (in dollars per share)		$ 22.62
Outstanding (in shares)		5,294,016
Outstanding (in dollars per share)		$ 1.94
Exercisable as of March 31, 2017 (in shares)		1,750,287
Exercisable as of March 31, 2017 (in dollars per share)		$ 4.96

Note 11 - Stock Options and W52

Note 11 - Stock Options and Warrants - Grants Under Stock Option Plans (Details) - shares	Feb. 03, 2017	Mar. 31, 2017
Granted (in shares)	1,189,987	3,252,072
Consultant [Member]
Granted (in shares)		25,000
Executive Officer [Member]
Granted (in shares)		3,227,072

Note 12 - Employee Stock Purc53

Note 12 - Employee Stock Purchase Plan (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Sep. 30, 2016
Stock Issued During Period, Value, Employee Stock Purchase Plan	$ 358
2010 Employee Stock Purchase Plan [Member]
Percentage Of Discount Allowed For Shares Issued Under Employee Stock Purchase Plan			15.00%
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	25,000
Stock Issued During Period, Shares, Employee Stock Purchase Plans	2,240	4,459
Stock Issued During Period, Value, Employee Stock Purchase Plan	$ 358	$ 10,700
Defined Contribution Plan, Cost	$ 54	$ 1,784

Note 14 - Net Loss Per Common54

Note 14 - Net Loss Per Common Share - Antidilutive Shares Excluded from Computation of EPS (Details) - shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares)	12,771,516	396,277
Employee Stock Option [Member]
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares)	5,294,016	253,777
Warrant [Member]
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares)	180,000	142,500
Series D Convertible Preferred Stock [Member]
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares)	3,082,500
Series F Convertible Preferred Stock [Member]
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares)	4,215,000

Note 15 - Commitments (Details

Note 15 - Commitments (Details Textual) - USD ($)	1 Months Ended			3 Months Ended
	Apr. 30, 2016	Dec. 31, 2014	Sep. 30, 2013	Mar. 31, 2017	Feb. 28, 2014
Corporate Offices [Member]
Lessee, Operating Lease, Renewal Term			5 years
Leasehold Improvements, Gross			$ 600,000
Operating Lease, Leasehold Improvements to be Made by Lessor					$ 380,000
Operating Lease, Annual Rent Two Years Ago			$ 359,750
Annual Increase in Operating Lease Rent Expense			3.00%
Operating Lease Annual Rent in Three Years			$ 416,970
Sales Center [Member]
Lessee, Operating Lease, Renewal Term		5 years
Annual Increase in Operating Lease Rent Expense		3.00%
Lessee, Operating Lease, Term of Contract		3 years 60 days
Operating Lease, Annual Rent		$ 53,130
Security Deposit Forfeited	$ 26,648
Termination Payment of Lease	$ 25,000
Minimum [Member]
Lessee, Operating Lease, Renewal Term				1 year
Maximum [Member]
Lessee, Operating Lease, Renewal Term				15 years

Note 15 - Commitments - Total F

Note 15 - Commitments - Total Future Operating Lease Obligations (Details)	Mar. 31, 2017USD ($)
Remainder of 2017	$ 5,742,994
2,018	6,318,665
2,019	4,846,377
2,020	2,627,912
2,021	667,892
Thereafter	231,105
Total	$ 20,434,945

Note 15 - Commitments - Rent Ex

Note 15 - Commitments - Rent Expenses (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Lease and Rental Expense	$ 2,284,884	$ 2,346,294
Points of Presence [Member]
Lease and Rental Expense	2,106,103	2,075,658
Corporate Offices [Member]
Lease and Rental Expense	81,524	149,147
Other Leased Property [Member]
Lease and Rental Expense	$ 97,256	$ 121,489

Note 15 - Commitments - Total58

Note 15 - Commitments - Total Future Capital Lease Obligations (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Remainder of 2017	$ 564,851
2,018	161,770
Subtotal	726,621
Less: Interest Expense	(31,709)
Total	694,912
Current	665,874	$ 791,009
Long-term	$ 29,038	$ 158,703

Note 16 - Subsequent Events (De

Note 16 - Subsequent Events (Details Textual) - Subsequent Event [Member] - Series F Convertible Preferred Stock Convert to Common Stock [Member]	Apr. 13, 2017shares
Conversion of Stock, Shares Converted	200
Conversion of Stock, Shares Issued	1,000,000