Towerstream (TWER) 10-Q 14 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 08, 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)		394,399
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 8,282,771	$ 12,272,444
Accounts receivable, net	721,600	505,074
Prepaid expenses and other current assets	592,566	434,444
Current assets of discontinued operations		231,978
Total Current Assets	9,596,937	13,443,940
Property and equipment, net	12,436,040	15,252,357
Intangible assets, net	2,562,287	3,652,490
Goodwill	1,674,281	1,674,281
Other assets	381,660	369,769
Total Assets	26,651,205	34,392,837
Current Liabilities
Accounts payable	219,366	323,625
Accrued expenses	1,103,340	911,210
Accrued interest	709,233
Deferred revenues	975,089	1,161,520
Current maturities of capital lease obligations	411,309	791,009
Current liabilities of discontinued operations	1,030,535	1,240,000
Deferred rent	168,985	110,738
Long-term debt, net of debt discount of $1,803,742	0	31,487,253
Total Current Liabilities	4,617,857	36,025,355
Long-Term Liabilities
Long-term debt, net of debt discount of $1,005,292	33,301,998
Capital lease obligations, net of current maturities	204,752	158,703
Other	920,937	1,062,237
Total Long-Term Liabilities	34,427,687	1,220,940
Total Liabilities	39,045,544	37,246,295
Commitments (Note 15)
Stockholders' Deficit
Common stock, par value $0.001; 200,000,000 shares authorized; 394,399 and 244,369 shares issued and outstanding, respectively	394	244
Additional paid-in-capital	174,676,619	173,801,022
Accumulated deficit	(187,071,354)	(176,655,227)
Total Stockholders' Deficit	(12,394,339)	(2,853,458)
Total Liabilities and Stockholders' Deficit	26,651,205	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
Series E Convertible Preferred Stock [Member]
Stockholders' Deficit
Preferred stock		500
Series F Convertible Preferred Stock [Member]
Stockholders' Deficit
Preferred stock		1
Series G Convertible Preferred Stock [Member]
Stockholders' Deficit
Preferred stock	1
Series H Convertible Preferred Stock [Member]
Stockholders' Deficit
Preferred stock	$ 1

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Debt discount, current		$ 1,803,742
Debt discount, noncurrent	$ 1,005,292
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
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)	394,339	244,369
Common stock, outstanding (in shares)	394,339	244,369
Series A Preferred Stock [Member]
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Series B Convertible Preferred Stock [Member]
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)	0	1,233
Preferred stock, shares outstanding (in shares)	0	1,233
Preferred stock, liquidation value	$ 0	$ 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)	0	1,233
Preferred stock, shares outstanding (in shares)	0	1,233
Preferred stock, liquidation value		$ 1,233,000
Series G Convertible Preferred Stock [Member]
Preferred stock, shares issued (in shares)	538	0
Preferred stock, shares outstanding (in shares)	538	0
Preferred stock, liquidation value	$ 538,000	$ 0
Series H Convertible Preferred Stock [Member]
Preferred stock, shares issued (in shares)	501	0
Preferred stock, shares outstanding (in shares)	501	0
Preferred stock, liquidation value	$ 501,000	$ 0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues	$ 6,555,009	$ 6,664,183	$ 19,645,143	$ 20,270,615
Operating Expenses
Infrastructure and access	2,637,055	2,608,505	7,968,089	7,829,386
Depreciation and amortization	1,953,519	2,992,758	6,487,301	8,564,537
Network operations	1,043,979	1,231,650	3,330,135	3,748,925
Customer support	428,672	417,265	1,187,689	1,479,580
Sales and marketing	1,130,855	757,316	2,972,621	3,136,198
General and administrative	1,181,481	2,266,838	4,233,350	5,851,175
Total Operating Expenses	8,375,561	10,274,332	26,179,185	30,609,801
Operating Loss	(1,820,552)	(3,610,149)	(6,534,042)	(10,339,186)
Other (Expense) / Income
Interest expense, net	(1,314,761)	(1,580,444)	(3,887,582)	(4,775,855)
Other (Expense) income, net	(11)		5,497
Total Other (Expense)/Income	(1,314,772)	(1,580,444)	(3,882,085)	(4,775,855)
Loss from continuing operations	(3,135,324)	(5,190,593)	(10,416,127)	(15,115,041)
Loss from discontinued operations
Operating loss				(2,977,143)
Gain on sale of assets				1,177,742
Total loss from discontinued operations				(1,799,401)
Net Loss	(3,135,324)	(5,190,593)	(10,416,127)	(16,914,442)
Deemed dividend to Series D and Series F preferred stockholders			(1,905,570)
Net loss attributable to common stockholders	$ (3,135,324)	$ (5,190,593)	$ (12,321,697)	$ (16,914,442)
(Loss) gain per share – basic and diluted
Continuing (in dollars per share)	$ (8.30)	$ (75)	$ (39.25)	$ (283.91)
Discontinued
Operating loss (in dollars per share)				(55.92)
Gain on sale of assets (in dollars per share)				22.12
Total discontinued (in dollars per share)				(33.80)
Net loss per common share – basic and diluted (in dollars per share)	$ (8.30)	$ (75)	$ (39.25)	$ (317.71)
Weighted average common shares outstanding – basic and diluted (in shares)	377,727	69,206	313,958	53,238

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Deficit (Unaudited) - 9 months ended Sep. 30, 2017 - USD ($)	Series E Convertible Preferred Stock [Member]January 9, 2017 [Member]Preferred Stock [Member]	Series E Convertible Preferred Stock [Member]January 9, 2017 [Member]Common Stock [Member]	Series E Convertible Preferred Stock [Member]January 9, 2017 [Member]Additional Paid-in Capital [Member]	Series E Convertible Preferred Stock [Member]Preferred Stock [Member]	Series F Convertible Preferred Stock [Member]January 26 to April 13, 2017 [Member]Preferred Stock [Member]	Series F Convertible Preferred Stock [Member]January 26 to April 13, 2017 [Member]Common Stock [Member]	Series F Convertible Preferred Stock [Member]January 26 to April 13, 2017 [Member]Additional Paid-in Capital [Member]	Series F Convertible Preferred Stock [Member]May 26, 2017 [Member]Preferred Stock [Member]	Series F Convertible Preferred Stock [Member]Preferred Stock [Member]	Series H Convertible Preferred Stock [Member]May 26, 2017 [Member]Preferred Stock [Member]	Series H Convertible Preferred Stock [Member]May 30 to June 29, 2017 [Member]Preferred Stock [Member]	Series H Convertible Preferred Stock [Member]May 30 to June 29, 2017 [Member]Common Stock [Member]	Series H Convertible Preferred Stock [Member]May 30 to June 29, 2017 [Member]Additional Paid-in Capital [Member]	Series H Convertible Preferred Stock [Member]Preferred Stock [Member]	Series G Convertible Preferred Stock [Member]May 26, 2017 [Member]Preferred Stock [Member]	Series G Convertible Preferred Stock [Member]June 30 to August 22, 2017 [Member]Preferred Stock [Member]	Series G Convertible Preferred Stock [Member]June 30 to August 22, 2017 [Member]Common Stock [Member]	Series G Convertible Preferred Stock [Member]June 30 to August 22, 2017 [Member]Additional Paid-in Capital [Member]	Series G Convertible Preferred Stock [Member]Preferred Stock [Member]	Series D Convertible Preferred Stock [Member]May 26, 2017 [Member]Preferred Stock [Member]	Series D Convertible Preferred Stock [Member]Preferred Stock [Member]	May 26, 2017 [Member]Additional Paid-in Capital [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2016				500,000					1,233												1,233		244,369
Balance at Dec. 31, 2016				$ 500					$ 1												$ 2		$ 244	$ 173,801,022	$ (176,655,227)	$ (2,853,458)
Conversion of convertible securities, shares (in shares)	(500,000)	6,667			(590)	39,334		(643)		938	(437)	46,614			938	(400)	53,335			(1,233)
Conversion of convertible securities	$ (500)	$ 7	$ 493			$ 39	$ (39)	$ (1)		$ 1		$ 47	$ (47)		$ 1		$ 53	$ (53)		$ (2)		$ 1
Additional common shares issued due to the rounding provisions of the reverse stock split on September 29, 2017 (in shares)																							4,050
Additional common shares issued due to the rounding provisions of the reverse stock split on September 29, 2017																							$ 4	(4)
Stock-based compensation for options																								874,888		874,888
Issuance of common stock under employee stock purchase plan (in shares)																							30
Issuance of common stock under employee stock purchase plan																								358		358
Net loss																									(10,416,127)	(10,416,127)
Balance (in shares) at Sep. 30, 2017														501					538				394,399
Balance at Sep. 30, 2017														$ 1					$ 1				$ 394	$ 174,676,619	$ (187,071,354)	$ (12,394,339)

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Cash Flows Used In Operating Activities:
Net loss	$ (3,135,324)	$ (5,190,593)	$ (10,416,127)	$ (16,914,442)
Loss from discontinued operations				(1,799,401)
Loss from continuing operations	(3,135,324)	(5,190,593)	(10,416,127)	(15,115,041)
Adjustments to reconcile loss from continuing operations to net cash used in continuing operating activities:
Provision for doubtful accounts			87,000	15,000
Depreciation for property and equipment	1,633,704	2,574,875	5,397,098	7,524,097
Amortization of intangible assets	319,815	417,883	1,090,203	1,040,440
Amortization of debt discount and deferred financing costs			798,450	1,272,648
Accrued interest			1,725,528	1,130,192
Stock-based compensation - Options			874,888	629,671
Stock-based compensation - Stock issued for services				488,656
Stock-based compensation - Employee stock purchase plan			53	4,017
Deferred rent			(83,053)	(596,310)
Changes in operating assets and liabilities:
Accounts receivable			(303,526)	(117,449)
Prepaid expenses and other current assets			(158,122)	(104,436)
Other assets			1,034	28,602
Accounts payable			(104,259)	(674,421)
Accrued expenses			23,612	(262,914)
Deferred revenues			(186,431)	(390,022)
Total Adjustments			9,162,475	9,987,771
Net Cash Used In Continuing Operating Activities			(1,253,652)	(5,127,270)
Net Cash Provided By (Used In) Discontinued Operating Activities			22,513	(1,479,792)
Net Cash Used In Operating Activities			(1,231,139)	(6,607,062)
Cash Flows Used In Investing Activities:
Acquisitions of property and equipment			(2,089,657)	(1,692,895)
Payments of security deposits			(12,925)
Net Cash Used In Continuing Investing Activities			(2,102,582)	(1,692,895)
Cash Flows (Used In) Provided By Financing Activities:
Payments on capital lease obligations			(656,257)	(741,155)
Net proceeds from the issuance of common stock and warrants				6,802,823	$ 9,130,000
Proceeds from the issuance of common stock under employee stock purchase plan			305	21,570
Net Cash (Used In) Provided By Continuing Financing Activities			(655,952)	6,083,238
Net (Decrease) Increase In Cash and Cash Equivalents
Continuing Operations			(4,012,186)	(736,927)
Discontinued Operations			22,513	(1,479,792)
Net Decrease In Cash and Cash Equivalents			(3,989,673)	(2,216,719)
Cash and Cash Equivalents - Beginning			12,272,444	15,116,531	15,116,531
Cash and Cash Equivalents - End of Period	8,282,771	12,899,812	8,282,771	12,899,812	$ 12,272,444
Supplemental Disclosures of Cash Flow Information:
Interest			1,323,353	2,354,401
Income taxes			15,547	13,909
Included in accrued expenses			286,657	174,732
Under capital leases			322,606
Exchange of intangible assets - discontinued operations (Note 4)		$ 3,837,783		$ 3,837,783

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Business	9 Months Ended
	Sep. 30, 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 business has historically grown both organically and through the acquisition of five In January 2013, fourth 2015,

Note 2 - Liquidity, Going Conce

Note 2 - Liquidity, Going Concern, and Management Plans	9 Months Ended
	Sep. 30, 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 September 30, 2017, $8.3 $5.0 September 30, 2017, $187.1 one not During the year ended December 31, 2016, $9,130,000 $5,000,000 2016 first three 2017. ’s ability to fund its longer term cash requirements is subject to multiple risks, many of which are beyond its control. The Company intends to raise additional capital, either through debt or equity financings or through the potential sale of the Company’s assets in order to achieve its business plan objectives. Management believes that it can be successful in obtaining additional capital; however, no no may no

Note 3 - Basis of Presentation

Note 3 - Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note 3. Basis of Presentation. The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and with Form 10 10 X not September 30, 2017 three nine September 30, 2017 not 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 No. 2 December 31, 2016. 10 No. 2 December 31, 2016, 10 Retroactive Adjustment for Reverse Stock Splits. On July 7, 2016, one twenty On September 29, 2017, one seventy-five Use of Estimates. The preparation of financial statements in conformity with GAAP 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. Key estimates include fair value of certain financial instruments, carrying value of intangible assets, reserves for accounts receivable and accruals for liabilities. 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, our cash and cash equivalents may September 30, 2017, $8.0 $250,000. Revenue Recognition. The Company generally enters into contractual agreements with its customers for periods ranging between one three no 104, 104” Deferred Revenues. Customers are billed monthly in advance. Deferred revenues are recognized for that portion of monthly charges not 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. 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 fourth may not No 50 no three nine September 30, 2017. Recent Accounting Standards. In May 2014, No. 2014 09, 2014 09” 2014 09 2014 09 2019 2015 14, 606 August 2015 one not not may There have been four 2014 09, 2016 08, March 2016 2014 09. 2016 10, April 2016, 2014 09 2016 12, — Narrow Scope Improvements and Practical Expedients” provides amendments and practical expedients to the guidance in ASU 2014 09 2014 09. 2016 20, 606, December 2016, 2014 09, four In May 2017, 2017 09: – Stock Compensation (Topic 718 December 15, 2017; not In July 2017, No. 2017 11, 260 480 815 2017 11 two no ’s own stock. The amendments also clarify existing disclosure requirements for equity-classified instruments. As a result, a freestanding equity-linked financial instrument (or embedded conversion option) no 260 470 20, 260 480 not December 15, 2018. December 15, 2019, December 15, 2020. not not not Reclassifications. Certain accounts in the prior year’s condensed consolidated financial statements have been reclassified for comparative purposes to conform to the presentation in the current year’s condensed consolidated financial statements. These reclassifications have no Subsequent Events . Subsequent events have been evaluated through the date of this filing.

Note 4 - Discontinued Operation

Note 4 - Discontinued Operations	9 Months Ended
	Sep. 30, 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 ’ notice. In connection with the Agreement, the Company transferred to the Buyer a net book value of network assets aggregating $2,660,041 $3,837,783. first 2016, $1,177,742 The Company had determined that it would not $1,585,319 first 2016 $453,403 $528,364 not $110,500 not $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 Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Revenues $ - $ - $ - $ 553,302 Operating Expenses: Infrastructure and access - - - 2,523,222 Depreciation - - - 638,681 Network operations - - - 192,947 Customer support - - - 69,804 Sales and marketing - - - 246 General and administrative - - - 105,545 Total Operating Expenses - - - 3,530,445 Operating Loss - - - (2,977,143 ) Gain on sale of assets - - - 1,177,742 Net Loss $ - $ - $ - $ (1,799,401 ) The components of the balance sheet accounts presented as discontinued operations were as follows: September 30, 2017 December 31, 2016 Assets: Prepaid expenses and other current assets - 231,978 Total Current Assets $ - $ 231,978 Liabilities: Accrued expenses - leases 1,030,535 1,240,000 Total Current Liabilities $ 1,030,535 $ 1,240,000

Note 5 - Property and Equipment

Note 5 - Property and Equipment	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 5. Property and equipment is comprised of: September 30, 2017 December 31, 2016 Network and base station equipment $ 43,240,042 $ 42,098,570 Customer premise equipment 35,032,54 8 33,617,085 Information technology 4,879,952 4,859,875 Furniture, fixtures and other 1,713,43 1 1,713,430 Leasehold improvements 1,635,09 0 1,631,322 86,501,063 83,920,282 Less: accumulated depreciation 74,065,023 68,667,925 Property and equipment, net $ 12,436,040 $ 15,252,357 Depreciation expense for the three September 30, 2017 2016 $1,633,704 $2,574,875, nine September 30, 2017 2016 $5,397,098 $7,524,097, Property acquired through capital leases included within the Company ’s property and equipment consists of the following: September 30, 2017 December 31, 2016 Network and base station equipment $ 2,629,526 $ 2,620,898 Customer premise equipment 983,770 669,792 Information technology 1,860,028 1,860,028 5,473,324 5,150,718 Less: accumulated depreciation 4,580,960 4,083,274 Property acquired through capital leases, net $ 892,364 $ 1,067,444

Note 6 - Intangible Assets

Note 6 - Intangible Assets	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	Note 6. Intangible assets consist of the following: September 30, 2017 December 31, 2016 Goodwill $ 1,674,281 $ 1,674,281 Customer relationships $ 11,856,126 $ 11,856,126 Less: accumulated amortization 11,856,126 11,725,369 Customer relationships, net - 130,757 Backhaul agreement 3,837,783 3,837,783 Less: accumulated amortization 2,025,496 1,066,050 Backhaul agreement, net 1,812,287 2,771,733 FCC licenses 750,000 750,000 Intangible assets, net $ 2,562,287 $ 3,652,490 Amortization expense for the three September 30, 2017 2016 $319,815 $417,883, nine September 30, 2017 2016 $1,090,203 $1,040,440, 4, three not Remainder of 2017 319,816 2018 1,279,261 2019 213,210 Total $ 1,812,287

Note 7 - Accrued Expenses

Note 7 - Accrued Expenses	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Accrued Liabilities Disclosure [Text Block]	Note 7. Accrued expenses consist of the following: September 30, 2017 December 31, 2016 Professional services $ 169,510 $ 263,928 Payroll and related 394,598 294,006 Property and equipment 286,657 118,139 Network 175,16 8 92,645 Other 77,407 142,492 Total $ 1,103,340 $ 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	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	Note 8. Other long-term liabilities consist of the following: September 30, 2017 December 31, 2016 Deferred rent $ 500,499 $ 641,799 Deferred taxes 420,438 420,438 Total $ 920,937 $ 1,062,237

Note 9 - Long-term Debt

Note 9 - Long-term Debt	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 9. Long-Term Debt Long-term debt (callable) consists of the following: September 30, 2017 December 31, 2016 Principal $ 34,307,290 $ 33,290,995 Unamortized debt discount (1,005,292 ) (1,803,742 ) Total $ 33,301,998 $ 31,487,253 In October 2014, $35,000,000 $33,950,000 3% This Note (the “Note”) matures on October 16, 2019 360 a) A rate equal to the greater of: i) the sum of the one 7% 8% one 1.23% September 30, 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 not one March 31, 2017 December 31, 2016, June 14, 2017 March 31, 2017. September 30, 2017. 5% may not The Company has the option to prepay the Note in the minimum principal amount of $5,000,000, $1,000,000, not A discount of $6,406,971 a) $2,463,23 2 1,600 800 $1,890.00 $15.00 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 shares of the Company's Series D Convertible Preferred Stock (the “Series D Preferred Stock”) and warrants for the purchase of up to 53,334 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 $ 1,063,851 $1,149,871 three September 30, 2017 2016, $3,048,881 $3,390,576 nine September 30, 2017 2016, $1,323,353 $2,260,384 $1,016,295 $1,130,192 nine September 30, 2017 2016, The Company recorded amortization expense of $ 241,428 $396,414 three September 30, 2017 2016, $798,450 $1,272,648 nine September 30, 2017 2016,

Note 10 - Capital Stock

Note 10 - Capital Stock	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	Note 10. On January 9, 2017, 500,000 6,667 On various dates from January 26, 2017 March 23, 2017, 390 26,000 On April 4, 2017 April 13, 2017, 200 1 3,334 On May 26, 2017, 1,233 643 938 938 The key preferences, rights, and limitations of the Series G Preferred Stock and Series H Preferred Stock, are as follows: a) The stated value of each share of Series G Preferred Stock and Series H Preferred Stock is $1,000, b) Series G Preferred Stock and Series H Preferred Stock may $1,000 7.50 $1,000 $9.38 c) In the event of a liquidation event, each share of Series G Preferred Stock and Series H Preferred Stock will be entitled to a per share preferential payment equal to 100 ’s record holders of its common stock, each holder will be entitled to acquire such securities applicable to the granted purchase rights as if the holder had held the number of shares of common stock acquirable upon complete conversion of all Series G Preferred Stock and Series H Preferred Stock then held. d) The Company is prohibited from effecting a conversion of the Series G Preferred Stock and Series H Preferred Stock to the extent that, as a result of such conversion, the holder would beneficially own more than 9.99 may ’s Series G Preferred Stock and Series H Preferred Stock, but not Additionally, upon the issuance of the Series G Preferred Stock and Series H Preferred Stock in the second 2017, $1,905,570. On various dates from May 30, 2017 June 29, 2017, 437 ed Stock, the Company issued 46,614 On various dates from June 30, 2017 August 22, 2017, 400 53,335

Note 11 - Stock Options and War

Note 11 - Stock Options and Warrants	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 11. Stock Options 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 September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Risk-free interest rate -% - -% 0.9% - 1.0% 1.6% - 1.7% 0.9% - 1.4% Expected volatility -% 78% - 79% 110% - 113% 78% - 83% Expected life (in years) - 4.2 4.2 4.2 Expected dividend yield - - - - Estimated forfeiture rates 20% 1% - 7% 20% 1% - 7% Weighted average per share grant date fair value $- $99.75 $9.65 $110.25 Stock-based compensation $207,064 $192,812 $874,888 $629,671 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 not $292,737 September 30, 2017 2.4 Option transactions under the stock option plans during the nine September 30, 2017 Number Weighted Average Exercise Price Outstanding as of January 1, 2017 28,232 $ 404.82 Granted during 2017 51,090 12.77 Exercised - - Cancelled /expired (2,146 ) 1,409.58 Outstanding as of September 30, 2017 77,176 $ 117.34 Exercisable as of September 30, 2017 35,887 $ 233.48 Grants under the stock option plans during the nine September 30, 2017 Number Consultant grants 334 Executive grants 50,586 Annual grants to outside directors 170 Total 51,090 Options granted during the reporting period had a term of ten All options were issued at an exercise price equal to the fair value on the date of grant. Consultant grants vest six two one two one three one $493,090 nine September 30, 2017. On January 24, 2017, the purchase of up to 27,162 $12.75 ten 4,178 January 24, 2018; 8,358 eight twenty-four January 24, 2020; 7,313 three 7,313 $15,000,000. Certain stock options awarded to Ernest Ortega, Chief Executive Officer, in conjunction with his 2017 $140,708 nine September 30, 2017. not nine September 30, 2017. On February 3, 2017, for the purchase of up to 15,868 $13.50 ten 6,676 5,854 3,338 100% eight May 15, 2017 May 15, 2018, On May 15, 2017, 2% ’s common stock on a fully diluted basis as of May 15, 2017, 7,556 25% one three Cancellations for the nine September 30, 2017 2,044 102 The weighted average remaining contractual life of the outstanding options as of September 30, 2017 9.2 There was no September 30, 2017. September 30, 2017 $6.10 Stock Warrants There were 2 ,400 September 30, 2017 December 31, 2016, $1,265.00 September 30, 2017. 4.6 There was no September 30, 2017.

Note 12 - Employee Stock Purcha

Note 12 - Employee Stock Purchase Plan	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Employee Stock Purchase Plan Disclosure [Text Block]	Note 12. Under the Company ’s 2010 15% 334 September 30, 2017. three nine September 30, 2017, 0 30 $0 $358, $0 $53 15% three nine September 30, 2017, $902 $4,017 15% three nine September 30, 2016,

Note 13 - Fair Value Measuremen

Note 13 - Fair Value Measurement	9 Months Ended
	Sep. 30, 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 three nine September 30, 2017.

Note 14 - Net Loss Per Common S

Note 14 - Net Loss Per Common Share	9 Months Ended
	Sep. 30, 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 . As of September 30, 2017 2016 Stock options 77,176 13,203 Warrants 2,400 2,400 Series G Preferred Stock 71,734 - Series H Preferred Stock 53,440 - Total 204,750 15,603

Note 15 - Commitments

Note 15 - Commitments	9 Months Ended
	Sep. 30, 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 not not September 30, 2017, Remainder of 2017 $ 1,789,648 2018 6,318,665 2019 4,846,377 2020 2,627,912 2021 667,892 Thereafter 231,105 Total $ 16,481,599 Rent expenses were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Points of Presence $ 2,161,038 $ 2,160,592 $ 6,472,499 $ 6,402,312 Corporate offices 105,359 79,647 281,513 250,567 Other 233,779 107,718 695,943 342,273 Total $ 2,500,176 $ 2,347,957 $ 7,449,955 $ 6,995,152 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 five $53,130 3% April 2016, Under the terms of the agreement, the Company forfeited its security deposit of $26,648 $25,000. In April 2017, April 15, 2017 December 31, 2017 $32,021 June 2017, second June 1, 2017 December 31, 2017 $20,734 Capital Lease Obligations The Company has entered into capital leases to acquire property and equipment expiring through June 2018. September 30, 2017, Total Capital lease obligation: Remainder of 2017 $ 189,947 2018 283,864 2019 122,094 2020 72,000 Subtotal 667,905 Less: interest expense 51,844 Total $ 616,061 Total Capital lease obligation: Current $ 411,309 Long-term 204,752 Total $ 616,061

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation. The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and with Form 10 10 X not September 30, 2017 three nine September 30, 2017 not 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 No. 2 December 31, 2016. 10 No. 2 December 31, 2016, 10
Stockholders' Equity, Policy [Policy Text Block]	Retroactive Adjustment for Reverse Stock Splits. On July 7, 2016, one twenty On September 29, 2017, one seventy-five
Use of Estimates, Policy [Policy Text Block]	Use of Estimates. The preparation of financial statements in conformity with GAAP 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. Key estimates include fair value of certain financial instruments, carrying value of intangible assets, reserves for accounts receivable and accruals for liabilities.
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, our cash and cash equivalents may September 30, 2017, $8.0 $250,000.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition. The Company generally enters into contractual agreements with its customers for periods ranging between one three no 104, 104”
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
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.
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 fourth may not No 50 no three nine September 30, 2017.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Standards. In May 2014, No. 2014 09, 2014 09” 2014 09 2014 09 2019 2015 14, 606 August 2015 one not not may There have been four 2014 09, 2016 08, March 2016 2014 09. 2016 10, April 2016, 2014 09 2016 12, — Narrow Scope Improvements and Practical Expedients” provides amendments and practical expedients to the guidance in ASU 2014 09 2014 09. 2016 20, 606, December 2016, 2014 09, four In May 2017, 2017 09: – Stock Compensation (Topic 718 December 15, 2017; not In July 2017, No. 2017 11, 260 480 815 2017 11 two no ’s own stock. The amendments also clarify existing disclosure requirements for equity-classified instruments. As a result, a freestanding equity-linked financial instrument (or embedded conversion option) no 260 470 20, 260 480 not December 15, 2018. December 15, 2019, December 15, 2020. not not not
Reclassification, Policy [Policy Text Block]	Reclassifications. Certain accounts in the prior year’s condensed consolidated financial statements have been reclassified for comparative purposes to conform to the presentation in the current year’s condensed consolidated financial statements. These reclassifications have no
Subsequent Events, Policy [Policy Text Block]	Subsequent Events . Subsequent events have been evaluated through the date of this filing.

Note 4 - Discontinued Operati23

Note 4 - Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule Of Components Of Loss From Discontinued Operations [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Revenues $ - $ - $ - $ 553,302 Operating Expenses: Infrastructure and access - - - 2,523,222 Depreciation - - - 638,681 Network operations - - - 192,947 Customer support - - - 69,804 Sales and marketing - - - 246 General and administrative - - - 105,545 Total Operating Expenses - - - 3,530,445 Operating Loss - - - (2,977,143 ) Gain on sale of assets - - - 1,177,742 Net Loss $ - $ - $ - $ (1,799,401 )
Discontinued Operation, Schedule of Amounts Recognized in Balance Sheet [Table Text Block]	September 30, 2017 December 31, 2016 Assets: Prepaid expenses and other current assets - 231,978 Total Current Assets $ - $ 231,978 Liabilities: Accrued expenses - leases 1,030,535 1,240,000 Total Current Liabilities $ 1,030,535 $ 1,240,000

Note 5 - Property and Equipme24

Note 5 - Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Property, Plant and Equipment [Table Text Block]	September 30, 2017 December 31, 2016 Network and base station equipment $ 43,240,042 $ 42,098,570 Customer premise equipment 35,032,54 8 33,617,085 Information technology 4,879,952 4,859,875 Furniture, fixtures and other 1,713,43 1 1,713,430 Leasehold improvements 1,635,09 0 1,631,322 86,501,063 83,920,282 Less: accumulated depreciation 74,065,023 68,667,925 Property and equipment, net $ 12,436,040 $ 15,252,357
Schedule of Capital Leased Assets [Table Text Block]	September 30, 2017 December 31, 2016 Network and base station equipment $ 2,629,526 $ 2,620,898 Customer premise equipment 983,770 669,792 Information technology 1,860,028 1,860,028 5,473,324 5,150,718 Less: accumulated depreciation 4,580,960 4,083,274 Property acquired through capital leases, net $ 892,364 $ 1,067,444

Note 6 - Intangible Assets (Tab

Note 6 - Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	September 30, 2017 December 31, 2016 Goodwill $ 1,674,281 $ 1,674,281 Customer relationships $ 11,856,126 $ 11,856,126 Less: accumulated amortization 11,856,126 11,725,369 Customer relationships, net - 130,757 Backhaul agreement 3,837,783 3,837,783 Less: accumulated amortization 2,025,496 1,066,050 Backhaul agreement, net 1,812,287 2,771,733 FCC licenses 750,000 750,000 Intangible assets, net $ 2,562,287 $ 3,652,490
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Remainder of 2017 319,816 2018 1,279,261 2019 213,210 Total $ 1,812,287

Note 7 - Accrued Expenses (Tabl

Note 7 - Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	September 30, 2017 December 31, 2016 Professional services $ 169,510 $ 263,928 Payroll and related 394,598 294,006 Property and equipment 286,657 118,139 Network 175,16 8 92,645 Other 77,407 142,492 Total $ 1,103,340 $ 911,210

Note 8 - Other Long-term Liab27

Note 8 - Other Long-term Liabilities (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Other Liabilities [Table Text Block]	September 30, 2017 December 31, 2016 Deferred rent $ 500,499 $ 641,799 Deferred taxes 420,438 420,438 Total $ 920,937 $ 1,062,237

Note 9 - Long-term Debt (Tables

Note 9 - Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	September 30, 2017 December 31, 2016 Principal $ 34,307,290 $ 33,290,995 Unamortized debt discount (1,005,292 ) (1,803,742 ) Total $ 33,301,998 $ 31,487,253

Note 11 - Stock Options and W29

Note 11 - Stock Options and Warrants (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Risk-free interest rate -% - -% 0.9% - 1.0% 1.6% - 1.7% 0.9% - 1.4% Expected volatility -% 78% - 79% 110% - 113% 78% - 83% Expected life (in years) - 4.2 4.2 4.2 Expected dividend yield - - - - Estimated forfeiture rates 20% 1% - 7% 20% 1% - 7% Weighted average per share grant date fair value $- $99.75 $9.65 $110.25 Stock-based compensation $207,064 $192,812 $874,888 $629,671
Share-based Compensation, Stock Options, Activity [Table Text Block]	Number Weighted Average Exercise Price Outstanding as of January 1, 2017 28,232 $ 404.82 Granted during 2017 51,090 12.77 Exercised - - Cancelled /expired (2,146 ) 1,409.58 Outstanding as of September 30, 2017 77,176 $ 117.34 Exercisable as of September 30, 2017 35,887 $ 233.48
Schedule Of Grants Under Stock Option Plan Details [Table Text Block]	Number Consultant grants 334 Executive grants 50,586 Annual grants to outside directors 170 Total 51,090

Note 14 - Net Loss Per Common30

Note 14 - Net Loss Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	As of September 30, 2017 2016 Stock options 77,176 13,203 Warrants 2,400 2,400 Series G Preferred Stock 71,734 - Series H Preferred Stock 53,440 - Total 204,750 15,603

Note 15 - Commitments (Tables)

Note 15 - Commitments (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Remainder of 2017 $ 1,789,648 2018 6,318,665 2019 4,846,377 2020 2,627,912 2021 667,892 Thereafter 231,105 Total $ 16,481,599
Schedule of Rent Expense [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Points of Presence $ 2,161,038 $ 2,160,592 $ 6,472,499 $ 6,402,312 Corporate offices 105,359 79,647 281,513 250,567 Other 233,779 107,718 695,943 342,273 Total $ 2,500,176 $ 2,347,957 $ 7,449,955 $ 6,995,152
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	Total Capital lease obligation: Remainder of 2017 $ 189,947 2018 283,864 2019 122,094 2020 72,000 Subtotal 667,905 Less: interest expense 51,844 Total $ 616,061 Total Capital lease obligation: Current $ 411,309 Long-term 204,752 Total $ 616,061

Note 2 - Liquidity, Going Con32

Note 2 - Liquidity, Going Concern, and Management Plans (Details Textual) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Cash and Cash Equivalents, at Carrying Value	$ 8,282,771	$ 12,899,812	$ 12,272,444	$ 15,116,531
Working Capital	5,000,000
Retained Earnings (Accumulated Deficit)	(187,071,354)		(176,655,227)
Proceeds from Issuance or Sale of Equity		$ 6,802,823	9,130,000
Debt Conversion, Original Debt, Amount			$ 5,000,000

Note 3 - Basis of Presentatio33

Note 3 - Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) $ in Thousands	Sep. 27, 2017	Jul. 07, 2016	Sep. 30, 2017USD ($)	Sep. 30, 2017USD ($)
Cash, Uninsured Amount			$ 8,000	$ 8,000
Goodwill, Impairment Loss			$ 0	$ 0
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	75	20

Note 4 - Discontinued Operati34

Note 4 - Discontinued Operations (Details Textual)	Mar. 09, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)
Disposal Group, Including Discontinued Operation, Consideration			$ 3,837,783				$ 3,837,783
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax				$ 1,177,742			$ 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, 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
Asset Purchase Agreement, Renewal Term	1 year

Note 4 - Discontinued Operati35

Note 4 - Discontinued Operations - Loss From Discontinued Operations (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues				$ 553,302
Infrastructure and access				2,523,222
Depreciation				638,681
Network operations				192,947
Customer support				69,804
Sales and marketing				246
General and administrative				105,545
Total Operating Expenses				3,530,445
Operating Loss				(2,977,143)
Gain on sale of assets				1,177,742
Loss from discontinued operations				$ (1,799,401)

Note 4 - Discontinued Operati36

Note 4 - Discontinued Operations - Components of Balance Sheet Accounts (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Assets:
Prepaid expenses and other current assets		$ 231,978
Total Current Assets		231,978
Liabilities:
Total Current Liabilities	1,030,535	1,240,000
Network [Member]
Liabilities:
Accrued expenses - leases	$ 1,030,535	$ 1,240,000

Note 5 - Property and Equipme37

Note 5 - Property and Equipment (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Depreciation	$ 1,633,704	$ 2,574,875	$ 5,397,098	$ 7,524,097

Note 5 - Property and Equipme38

Note 5 - Property and Equipment - Property and Equipment (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Property, Plant, and Equipment, Gross	$ 86,501,063	$ 83,920,282
Less: accumulated depreciation	74,065,023	68,667,925
Property and equipment, net	12,436,040	15,252,357
Network and Base Station Equipment [Member]
Property, Plant, and Equipment, Gross	43,240,042	42,098,570
Customer Premise Equipment [Member]
Property, Plant, and Equipment, Gross	35,032,548	33,617,085
Information Technology [Member]
Property, Plant, and Equipment, Gross	4,879,952	4,859,875
Furniture and Fixtures [Member]
Property, Plant, and Equipment, Gross	1,713,431	1,713,430
Leasehold Improvements [Member]
Property, Plant, and Equipment, Gross	$ 1,635,090	$ 1,631,322

Note 5 - Property and Equipme39

Note 5 - Property and Equipment - Property Acquired Through Capital Leases (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Capital Leased Assets, Gross	$ 5,473,324	$ 5,150,718
Less: accumulated depreciation	4,580,960	4,083,274
Property acquired through capital leases, net	892,364	1,067,444
Network and Base Station Equipment [Member]
Capital Leased Assets, Gross	2,629,526	2,620,898
Customer Premise Equipment [Member]
Capital Leased Assets, Gross	983,770	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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Amortization of Intangible Assets	$ 319,815	$ 417,883	$ 1,090,203	$ 1,040,440
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 ($)	Sep. 30, 2017	Dec. 31, 2016
Goodwill	$ 1,674,281	$ 1,674,281
Customer relationships, net	1,812,287
FCC licenses	750,000	750,000
Intangible assets, net	2,562,287	3,652,490
Customer Relationships [Member]
Customer relationships	11,856,126	11,856,126
Less: accumulated amortization	11,856,126	11,725,369
Customer relationships, net		130,757
Backhaul Agreement [Member]
Customer relationships	3,837,783	3,837,783
Less: accumulated amortization	2,025,496	1,066,050
Customer relationships, net	$ 1,812,287	$ 2,771,733

Note 6 - Intangible Assets - Fu

Note 6 - Intangible Assets - Future Amortization Expense (Details)	Sep. 30, 2017USD ($)
Remainder of 2017	$ 319,816
2,018	1,279,261
2,019	213,210
Total	$ 1,812,287

Note 7 - Accrued Expenses - Acc

Note 7 - Accrued Expenses - Accrued Expenses (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Accrued Liabilities, Current	$ 1,103,340	$ 911,210
Professional Services [Member]
Accrued Liabilities, Current	169,510	263,928
Payroll and Related [Member]
Accrued Liabilities, Current	394,598	294,006
Property and Equipment [Member]
Accrued Liabilities, Current	286,657	118,139
Network [Member]
Accrued Liabilities, Current	175,168	92,645
Other Accrued Liabilities [Member]
Accrued Liabilities, Current	$ 77,407	$ 142,492

Note 8 - Other Long-term Liab44

Note 8 - Other Long-term Liabilities - Other Liabilities, Current and Noncurrent (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Deferred rent	$ 500,499	$ 641,799
Deferred taxes	420,438	420,438
Total	$ 920,937	$ 1,062,237

Note 9 - Long-term Debt (Detail

Note 9 - Long-term Debt (Details Textual) - USD ($)	Nov. 08, 2016	Oct. 31, 2014	Oct. 31, 2014	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Debt Instrument, Unamortized Discount				$ 1,005,292		$ 1,005,292		$ 1,803,742
Debt Conversion, Original Debt, Amount								$ 5,000,000
Increase (Decrease) in Interest Payable, Net						1,725,528	$ 1,130,192
Amortization of Debt Issuance Costs						798,450	1,272,648
Melody Business Finance LLC [Member]
Debt Conversion, Original Debt, Amount	$ 5,000,000
Melody Business Finance LLC [Member] | Series D Convertible Preferred Stock [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	53,334
Debt Conversion, Converted Instrument, Shares Issued	1,000
Towerstream Investor [Member] | Melody Business Finance LLC [Member]
Proceeds from Collection of Notes Receivable	$ 5,500,000
Melody Business Finance LLC [Member] | Secured Debt [Member]
Debt Instrument, Face Amount		$ 35,000,000	$ 35,000,000
Proceeds from Issuance of Long-term Debt			$ 33,950,000
Debt Instrument, Original Issue Discount Rate		3.00%	3.00%
Paid In Kind Interest Stated Rate		4.00%	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%	5.00%
Debt Instrument Prepayment Minimum Principal Amount		$ 5,000,000	$ 5,000,000
Debt Instrument, Prepayment, Integral Amounts Beyond the Minimum Principal Amount		1,000,000	1,000,000
Debt Instrument, Unamortized Discount		6,406,971	6,406,971
Warrants and Rights Outstanding		2,463,232	2,463,232
Debt Issuance Costs, Gross		2,893,739	2,893,739
Debt Instrument, Original Issue Discount		$ 1,050,000	$ 1,050,000
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, Write-off of Unamortized Debt Discount	331,609
Gain (Loss) on Extinguishment of Debt	$ (500,000)
Interest Expense				1,063,851	$ 1,149,871	3,048,881	3,390,576
Interest Paid						1,323,353	2,260,384
Increase (Decrease) in Interest Payable, Net						1,016,295	1,130,192
Amortization of Debt Issuance Costs				$ 241,428	$ 396,414	$ 798,450	$ 1,272,648
Melody Business Finance LLC [Member] | Secured Debt [Member] | Warrant One [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		1,600	1,600
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 1,890	$ 1,890
Melody Business Finance LLC [Member] | Secured Debt [Member] | Warrant Two [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		800	800
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 15	$ 15
Melody Business Finance LLC [Member] | Secured Debt [Member] | If Rate Is Greater Than LIBOR Rate [Member]
Debt Instrument, Interest Rate, Stated Percentage		8.00%	8.00%
Melody Business Finance LLC [Member] | Secured Debt [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		7.00%
Debt Instrument, Reference Rate						1.23%

Note 9 - Long-Term Debt - Summa

Note 9 - Long-Term Debt - Summary of Long-term Debt (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Principal	$ 34,307,290	$ 33,290,995
Unamortized debt discount	(1,005,292)	(1,803,742)
Total	$ 33,301,998	$ 31,487,253

Note 10 - Capital Stock (Detail

Note 10 - Capital Stock (Details Textual) - USD ($)	May 26, 2017	Apr. 13, 2017	Jan. 09, 2017	Jun. 29, 2017	Aug. 22, 2017	Mar. 23, 2017	Sep. 30, 2017	Dec. 31, 2016
Preferred Stock, Par or Stated Value Per Share							$ 0.001	$ 0.001
Series G Convertible Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 1,000
Preferred Stock Conversion, Price Per Share	$ 7.50
Preferred Stock, Liquidation Preference Percentage, Per Share	100.00%
Convertible Preferred Stock, Maximum Beneficial Ownership Percentage of Common Stock Upon Conversion	9.99%
Convertible Preferred Stock, Beneficial Conversion Feature	$ 1,905,570
Series H Convertible Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 1,000
Convertible Preferred Stock, Conversion Price, Minimum Volume-weighted Average Price Used in Computation	$ 9.38
Preferred Stock, Liquidation Preference Percentage, Per Share	100.00%
Convertible Preferred Stock, Maximum Beneficial Ownership Percentage of Common Stock Upon Conversion	9.99%
Convertible Preferred Stock, Beneficial Conversion Feature	$ 1,905,570
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			6,667
Conversion of Series F Convertible Preferred Stock into Common Stock [Member]
Conversion of Stock, Shares Converted		200				390
Conversion of Stock, Shares Issued		13,334				26,000
Conversion of Series D Convertible Preferred Stock into Shares of Series G Convertible Preferred Stock [Member]
Conversion of Stock, Shares Converted	1,233
Conversion of Stock, Shares Issued	938
Conversion of Series F Convertible Preferred Stock into Shares of Series H Convertible Preferred Stock [Member]
Conversion of Stock, Shares Converted	643
Conversion of Stock, Shares Issued	938
Series H Convertible Preferred Stock [Member]
Conversion of Stock, Shares Converted				437
Conversion of Stock, Shares Issued				46,614
Series G Convertible Preferred Stock [Member]
Conversion of Stock, Shares Converted					400
Conversion of Stock, Shares Issued					53,335

Note 11 - Stock Options and W48

Note 11 - Stock Options and Warrants (Details Textual) - USD ($)	May 15, 2017	Feb. 03, 2017	Jan. 24, 2017	Sep. 30, 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		15,868		51,090
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price		$ 13.50		$ 12.77
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				2,044
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period				102
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term				9 years 73 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding				$ 0
Share Price				$ 6.10
Class of Warrant or Right, Outstanding				2,400	2,400
Class Of Warrant Or Right, Outstanding, Weighted Average Exercise Price				$ 1,265
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term				4 years 219 days
Warrant [Member]
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				334
Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				50,586
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				170
Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		6,676
Chief Operating Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		5,854
Chief Financial Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		3,338
Employee Stock Option [Member]
Fair Value Assumptions, Expected Dividend Rate				0.00%
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized				$ 292,737
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				2 years 146 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				$ 493,090
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]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				1 year
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] | Maximum [Member] | Vest Quarterly Over Next Three Years [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				3 years
Employee Stock Option [Member] | Executive Officer [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				1 year
Employee Stock Option [Member] | Director [Member] | Maximum [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	7,556		27,162
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price			$ 12.75
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross Percentage of Common Stock	2.00%
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			4,178
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			8,358
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			7,313
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			7,313
Stock Options, Employment Agreement [Member] | Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	25.00%
Stock Options, Employment Agreement [Member] | Share Based Compensation Award Tranches Two Three and Four [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Granted in Period, Fair Value				$ 140,708

Note 11 - Stock Option and Warr

Note 11 - Stock Option and Warrants - Black-Scholes Option Pricing Model Assumptions (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Expected volatility
Expected life (in years) (Year)		4 years 73 days	4 years 73 days	4 years 73 days
Estimated forfeiture rates	20.00%		20.00%
Weighted average per share grant date fair value (in dollars per share)		$ 99.75	$ 9.65	$ 110.25
Stock-based compensation	$ 207,064	$ 192,812	$ 874,888	$ 629,671
Maximum [Member]
Risk-free interest rate		1.00%	1.70%	1.40%
Expected volatility		79.00%	113.00%	83.00%
Estimated forfeiture rates		7.00%		7.00%
Minimum [Member]
Risk-free interest rate		0.90%	1.60%	0.90%
Expected volatility		78.00%	110.00%	78.00%
Estimated forfeiture rates		1.00%		1.00%

Note 11 - Stock Options and W50

Note 11 - Stock Options and Warrants - Option Transactions Under the Stock Option Plans (Details) - $ / shares	Feb. 03, 2017	Sep. 30, 2017
Outstanding (in shares)		28,232
Outstanding, weighted average exercise price (in dollars per share)		$ 404.82
Granted (in shares)	15,868	51,090
Granted, weighted average exercise price (in dollars per share)	$ 13.50	$ 12.77
Exercised (in shares)
Exercised, weighted average exercise price (in dollars per share)
Cancelled /expired (in shares)		(2,146)
Cancelled /expired (in dollars per share)		$ 1,409.58
Outstanding (in shares)		77,176
Outstanding, weighted average exercise price (in dollars per share)		$ 117.34
Exercisable (in shares)		35,887
Exercisable, weighted average exercise price (in dollars per share)		$ 233.48

Note 11 - Stock Option and Wa51

Note 11 - Stock Option and Warrants - Grants Under Stock Option Plans (Details) - shares	Feb. 03, 2017	Sep. 30, 2017
Granted (in shares)	15,868	51,090
Consultant [Member]
Granted (in shares)		334
Executive Officer [Member]
Granted (in shares)		50,586
Director [Member]
Granted (in shares)		170

Note 12 - Employee Stock Purc52

Note 12 - Employee Stock Purchase Plan (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	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	334		334
Stock Issued During Period, Shares, Employee Stock Purchase Plans	0		30
Stock Issued During Period, Value, Employee Stock Purchase Plan	$ 0		$ 358
Defined Contribution Plan, Cost	$ 0	$ 902	$ 53	$ 4,017

Note 14 - Net Loss Per Common53

Note 14 - Net Loss Per Common Share - Antidilutive Shares Excluded from Computation of EPS (Details) - shares	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares)	204,750	15,603
Employee Stock Option [Member]
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares)	77,176	13,203
Warrant [Member]
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares)	2,400	2,400
Series G Convertible Preferred Stock [Member]
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares)	71,734
Series H Convertible Preferred Stock [Member]
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares)	53,440

Note 15 - Commitments (Details

Note 15 - Commitments (Details Textual) - USD ($)	Jun. 30, 2017	Apr. 30, 2017	Apr. 30, 2016	Dec. 31, 2014	Sep. 30, 2013	Sep. 30, 2017	Dec. 31, 2019	Dec. 31, 2014	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								$ 359,750
Annual Increase in Operating Lease Rent Expense						3.00%
Corporate Offices [Member] | Scenario, Forecast [Member]
Operating Lease, Annual Rent							$ 416,970
Sales Center [Member]
Lessee, Operating Lease, Renewal Term				5 years
Operating Lease, Annual Rent				$ 53,130
Annual Increase in Operating Lease Rent Expense				3.00%
Lessee, Operating Lease, Term of Contract				3 years 60 days
Security Deposit Forfeited			$ 26,648
Termination Payment of Lease			$ 25,000
Virginia Sales Office [Member]
Operating Lease, Annual Rent		$ 32,021
Virginia Second Sales Office [Member]
Operating Lease, Annual Rent	$ 20,734
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)	Sep. 30, 2017USD ($)
Remainder of 2017	$ 1,789,648
2,018	6,318,665
2,019	4,846,377
2,020	2,627,912
2,021	667,892
Thereafter	231,105
Total	$ 16,481,599

Note 15 - Commitments - Rent Ex

Note 15 - Commitments - Rent Expenses (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Lease and Rental Expense	$ 2,500,176	$ 2,347,957	$ 7,449,955	$ 6,995,152
Points of Presence [Member]
Lease and Rental Expense	2,161,038	2,160,592	6,472,499	6,402,312
Corporate Offices [Member]
Lease and Rental Expense	105,359	79,647	281,513	250,567
Other Leased Property [Member]
Lease and Rental Expense	$ 233,779	$ 107,718	$ 695,943	$ 342,273

Note 15 - Commitments - Total57

Note 15 - Commitments - Total Future Capital Lease Obligations (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Remainder of 2017	$ 189,947
2,018	283,864
2,019	122,094
2,020	72,000
Subtotal	667,905
Less: interest expense	51,844
Total	616,061
Current	411,309	$ 791,009
Long-term	204,752	$ 158,703
Total	$ 616,061