Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | May 11, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | ACCELERIZE INC. | |
Entity Central Index Key | 1,352,952 | |
Trading Symbol | aclz | |
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) | 65,283,042 | |
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 | $ 513,641 | $ 1,680,127 |
Restricted cash | 50,000 | 50,000 |
Accounts receivable, net of allowance for bad debt of $351,921 and $349,535, respectively | 2,322,942 | 2,229,610 |
Prepaid expenses and other assets | 538,302 | 398,187 |
Total current assets | 3,424,885 | 4,357,924 |
Property and equipment, net of accumulated depreciation of $2,749,985 and $2,585,072, respectively | 3,287,533 | 2,933,126 |
Other assets | 103,387 | 102,574 |
Total assets | 6,815,805 | 7,393,624 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 1,910,041 | 2,639,008 |
Deferred revenues | 94,033 | 53,450 |
Credit facility, short term | 2,221,312 | 2,038,946 |
Other short term loan, net of unamortized deferred financing cost of $29,372 and $43,133, respectively | 445,628 | 506,867 |
Total current liabilities | 4,671,014 | 5,238,271 |
Credit facility, net of unamortized deferred financing cost of $383,723 and $429,769, respectively | 4,515,359 | 4,588,227 |
Other Liabilities | 1,381,250 | 1,487,500 |
Total liabilities | 10,567,623 | 11,313,998 |
Stockholders' Deficit: | ||
Common stock; $0.001 par value; 100,000,000 shares authorized; 65,283,042 and 63,415,254 shares issued and outstanding, respectively | 65,282 | 63,414 |
Additional paid-in capital | 25,429,569 | 25,211,737 |
Accumulated deficit | (29,173,420) | (29,118,196) |
Accumulated other comprehensive loss | (73,249) | (77,329) |
Total stockholders’ deficit | (3,751,818) | (3,920,374) |
Total liabilities and stockholders’ deficit | 6,815,805 | 7,393,624 |
Series A Preferred Stock [Member] | ||
Stockholders' Deficit: | ||
Preferred stock | ||
Series B Preferred Stock [Member] | ||
Stockholders' Deficit: | ||
Preferred stock |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Accounts receivable, allowance for bad debt | $ 351,921 | $ 349,535 |
Property and equipment, accumulated depreciation | 2,749,985 | 2,585,072 |
Deferred financing cost, current | 29,372 | 43,133 |
Deferred financing cost, noncurrrent | $ 383,723 | $ 429,769 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, shares issued (in shares) | 65,283,042 | 63,415,254 |
Common stock, shares outstanding (in shares) | 65,283,042 | 63,415,254 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 54,000 | 54,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Series B Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 1,946,000 | 1,946,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Unaudited Condensed Consolidate
Unaudited Condensed Consolidated Statements of Operations - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Revenues: | $ 5,956,724 | $ 5,864,018 |
Cost of revenue | 1,545,345 | 1,932,123 |
Gross profit | 4,411,379 | 3,931,895 |
Operating expenses: | ||
Research and development | 1,043,119 | 1,030,456 |
Sales and marketing | 1,216,490 | 992,878 |
General and administrative | 1,926,242 | 2,288,712 |
Total operating expenses | 4,185,851 | 4,312,046 |
Operating income (loss) | 225,528 | (380,151) |
Other income (expense): | ||
Other (loss) income | (300) | 9,459 |
Other expense | (280,452) | (212,549) |
Total other (expenses) | (280,752) | (203,090) |
Net loss | $ (55,224) | $ (583,241) |
Net loss per share: | ||
Basic (in dollars per share) | $ 0 | $ (0.01) |
Diluted (in dollars per share) | $ 0 | $ (0.01) |
Basic weighted average common shares outstanding (in shares) | 65,262,289 | 65,069,327 |
Diluted weighted average common shares outstanding (in shares) | 65,262,289 | 65,069,327 |
Unaudited Condensed Consolidat5
Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Net loss: | $ (55,224) | $ (583,241) |
Foreign currency translation loss | 4,080 | (7,188) |
Total other comprehensive loss | 4,080 | (7,188) |
Comprehensive loss | $ (51,144) | $ (590,429) |
Unaudited Condensed Consolidat6
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Cash flows from operating activities: | ||
Net loss | $ (55,224) | $ (583,241) |
Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
Depreciation and amortization | 169,028 | 264,080 |
Amortization of deferred financing cost | 59,807 | 138,366 |
Provision for bad debt | 2,386 | 20,929 |
Fair value of options and warrants | 219,700 | 441,159 |
Loss on sale and disposal of fixed assets | 902 | |
Changes in operating assets and liabilities: | ||
Accounts receivable | (95,718) | (281,831) |
Prepaid expenses | (140,115) | 22,243 |
Accounts payable and accrued expenses | (860,096) | 178,075 |
Deferred revenues | 40,583 | 9,201 |
Other assets | (813) | 9,418 |
Net cash (used in) provided by operating activities | (659,560) | 218,399 |
Cash flows from investing activities: | ||
Capitalized software for internal use | (515,454) | (475,000) |
Capital expenditures | (9,799) | |
Proceeds from sale of assets | 795 | 4,692 |
Net cash used in investing activities | (524,458) | (470,308) |
Cash flows from financing activities: | ||
Principal repayment of credit facility and loan | (486,548) | (62,777) |
Proceeds from credit facility | 500,000 | 625,000 |
Payment of financing costs | (130,000) | |
Net cash provided by financing activities | 13,452 | 432,223 |
Effect of exchange rate changes on cash | 4,080 | (7,188) |
Net (decrease) increase in cash | (1,166,486) | 173,126 |
Cash, beginning of period | 1,680,127 | 908,095 |
Cash, end of period | 513,641 | 1,081,221 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 196,590 | 67,403 |
Cash paid for income taxes | 0 | 0 |
Non-cash investing and financing activities: | ||
Principal loan payments included in accounts payable | 25,000 | |
Capital expenditure included in accounts payable | 3,762 | |
Shares issued for cashless exercise of options and warrants | $ 1,868 |
Note 1 - Organization and Descr
Note 1 - Organization and Description of Business | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | NOTE 1: Accelerize Inc., a Delaware corporation, incorporated on November 22, 2005, The Company provides software solutions for businesses interested in expanding their online advertising spend. These unaudited condensed consolidated financial statements reflect all adjustments including normal recurring adjustments, which, in the opinion of management, are necessary to present fairly the financial position, results of operations, and cash flows for the periods presented in accordance with accounting principles generally accepted in the United States of America, or GAAP. These unaudited condensed consolidated financial statements and notes included herein should be read in conjunction with the Company’s consolidated financial statements and notes thereto for the years ended December 31, 2016 2015, December 31, 2016 10 March 22, 2017. may three March 31, 2017 December 31, 2017. Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the results of operations of Cake Marketing UK Ltd., or the Subsidiary. All material intercompany accounts and transactions between the Company and its Subsidiary have been eliminated in consolidation. |
Note 2 - Summary Of Significant
Note 2 - Summary Of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 2: Use of Estimates The preparation of unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reporting amounts of revenues and expenses during the reported period. Actual results will differ from those estimates. Included in these estimates are assumptions about collection of accounts receivable, useful life of fixed assets, and assumptions used in Black-Scholes-Merton, or BSM, valuation methods, such as expected volatility, risk-free interest rate, and expected dividend rate. Cash and Cash Equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three $50,000 March 31, 2017. Accounts Receivable The Company’s accounts receivable are due primarily from advertisers and marketers. Collateral is currently not required. The Company also maintains allowances for doubtful accounts for estimated losses resulting from the inability of the Company’s customers to make payments. The Company periodically reviews these estimated allowances, including an analysis of the customers’ payment history and creditworthiness, the age of the trade receivable balances and current economic conditions that may March 31, 2017 December 31, 2016 Allowance for doubtful accounts $ 351,921 $ 349,535 Concentration of Credit Risks The Company is subject to concentrations of credit risk primarily from cash and cash equivalents and accounts receivable. The Company’s cash and cash equivalents accounts are held at a financial institution and are insured by the Federal Deposit Insurance Corporation, or the FDIC, up to $250,000 three March 31, 2017, The Company's accounts receivable are due from customers, generally located in the United States, Europe, Asia, and Canada. None of the Company’s customers accounted for more than 10% March 31, 2017 December 31, 2016. Revenue Recognition The Company recognizes revenue on arrangements in accordance with ASC Topic 605, The Company’s SaaS revenues are generated from implementation and training fees and a monthly license fee, supplemented by per transaction fees paid by customers for monthly platform usage. The initial term of the customer contract is generally one one two may 30 third third third Product Concentration The Company generates its revenues from software licensing, usage, and related transaction fees. Fair Value of Financial Instruments The Company accounts for assets and liabilities measured at fair value on a recurring basis in accordance with ASC Topic 820, 820. 820 ASC 820 820 Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions. Additional Disclosures Regarding Fair Value Measurements The carrying value of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, and lines of credit approximate their fair value due to the short-term maturity of these items. Advertising The Company expenses advertising costs as incurred. Three-month periods ended March 31, 2017 2016 Advertising expense $ 86,416 $ 37,326 Income Taxes Income taxes are accounted for in accordance with the provisions of ASC Topic 740, Foreign Currency Translation The Company’s reporting currency is U.S. Dollars. The functional currency of the Company’s Subsidiary in the United Kingdom is British Pounds. The translation from British Pounds to U.S. dollars is performed for asset and liability accounts using exchange rates in effect at the balance sheet date, equity accounts using historical exchange rates or rates in effect at the balance sheet date, and for revenue and expense accounts using the average exchange rate in effect during the period. The resulting translation adjustments are recorded as a component of Accumulated Other Comprehensive Income (Loss). Foreign currency translation gains and losses arising from exchange rate fluctuation on transactions denominated in a currency other than the functional currency are included in the consolidated statements of operations. Software Development Costs Costs incurred in the research and development of software products and significant upgrades and enhancements thereto during the preliminary project stage and the post-implementation operation stage are expensed as incurred. Costs incurred for maintenance and relatively minor upgrades and enhancements are expensed as incurred. Costs associated with the application development stage of new software products and significant upgrades and enhancements thereto are capitalized when 1) 2) $515,000 three March 31, 2017. $3,166,000 $2,784,000 March 31, 2017 December 31, 2016, $134,000 $189,000 three March 31, 2017 2016, Share-Based Payment The Company accounts for stock-based compensation in accordance with ASC Topic 718, 718. The Company has elected to use the BSM option-pricing model to estimate the fair value of its options, which incorporates various subjective assumptions including volatility, risk-free interest rate, expected life, and dividend yield to calculate the fair value of stock option awards. Compensation expense recognized in the statements of operations is based on awards ultimately expected to vest and reflects estimated forfeitures. ASC 718 Segment Reporting The Company generated revenues from one three March 31, 2017 2016. Recent Accounting Pronouncements In January 2017, 2017 04, 350), 2017 04 December 15, 2019. January 1, 2017. 2017 04 In January 2017, 2017 01, 805): January 1, 2018; 2017 04 The Company applied ASU 2015 03: Basic and Diluted Earnings Per Share Basic earnings per share are calculated by dividing income available to stockholders by the weighted-average number of common shares outstanding during each period. Diluted earnings per share are computed using the weighted average number of common and dilutive common share equivalents outstanding during the period. Dilutive common share equivalents consist of shares issuable upon the exercise of stock options and warrants (calculated using the modified-treasury stock method). Three-month periods ended March 31, 2017 2016 Numerator: Net loss $ (55,224 ) $ (583,241 ) Denominator: Denominator for basic earnings per share-weighted average shares 65,262,289 65,069,327 Effect of dilutive securities-when applicable: Stock options - - Warrants - - Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions 65,262,289 65,069,327 Loss per share: Basic $ (0.00 ) $ (0.01 ) Diluted $ (0.00 ) $ (0.01 ) Weighted-average anti-dilutive common share equivalents 16,275,714 18,869,637 Property and Equipment Property and equipment are recorded at cost and are depreciated on a straight-line basis over their estimated useful lives of three Property and equipment consist of the following at: March 31, 2017 December 31, 2016 Internal use software costs $ 5,239,422 $ 4,723,968 Computer equipment and software 392,649 387,472 Office furniture and equipment 117,719 119,768 Leasehold improvements 287,728 286,990 6,037,518 5,518,198 Accumulated depreciation (2,749,985 ) (2,585,072 ) $ 3,287,533 $ 2,933,126 Three-month periods ended March 31, 2017 2016 Depreciation expense $ 35,455 $ 77,313 Amortization expense on internal software $ 133,573 $ 189,360 During the three March 31, 2017, $7,500 $1,700 $800. During the three March 31, 2016, $10,000 $5,000 $5,000. |
Note 3 - Prepaid Expenses
Note 3 - Prepaid Expenses | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | NOTE 3: At March 31, 2017 December 31, 2016, |
Note 4 - Deferred Revenues
Note 4 - Deferred Revenues | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Deferred Revenue Disclosure [Text Block] | NOTE 4: The Company’s deferred revenues consist of prepayments made by certain of the Company’s customers and undelivered implementation and training fees. The Company decreases the deferred revenues by the amount of the services it renders to such clients when provided. March 31, 2017 December 31, 2016 Deferred revenues $ 94,033 $ 53,450 |
Note 5 - Line of Credit and Loa
Note 5 - Line of Credit and Loan | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 5: Line of Credit On September 30, 2014, 1 $6,000,000 $3,000,000 March 17, 2014. As of March 31, 2017 December 31, 2016, Agility Loan March 31, 2017 December 31, 2016 Agility Loan 625,000 625,000 Amendment, loan modification fee added to balance 100,000 100,000 Principal Payment of Agility Loan (250,000 ) (175,000 ) Agility Loan, Outstanding balance 475,000 550,000 Less: Deferred financing cost (29,372 ) (43,133 ) $ 445,628 $ 506,867 On March 11, 2016, $625,000 March 31, 2017. 12% $25,000 June 1, 2016. $130,000 $50,000 March 31, 2017, second In connection with the Agility Loan, on June 30, 2016, 69,444 $0.45 March 11, 2021. $15,880 $3,970 $0 three March 31, 2017 2016, On November 29, 2016, November 2016, $100,000, December 31, 2017. November 29, 2016, 187,500 $0.40 November 29, 2021. $42,427 $9,791 $0 three March 31, 2017 2016, The Company owed $475,000 $550,000 March 31, 2017 December 31, 2016, Credit Facility - SaaS Capital Loan March 31, 2017 December 31, 2016 SaaS Capital Loan, Total advances 7,700,000 7,200,000 Principal Payment of SaaS Capital Loan (579,606 ) (143,058 ) SaaS Capital Loan, Outstanding balance 7,120,394 7,056,942 Less: Deferred financing cost (383,723 ) (429,769 ) Less: SaaS Capital Loan, short term (1) (2,221,312 ) (2,038,946 ) $ 4,515,359 $ 4,588,227 (1) Short-term portion constitutes scheduled amortization payments for the next 12 On May 5, 2016, $8,000,000. 10.25% 10.25% 9.21% three first six 36 10%, 6% 3% 12 12 24 24 may May 5, 2018. $5,000,000, May 5, 2016, $4,572,223. $80,000 $80,000 May 5, 2017. The SaaS Capital Loan contains customary covenants including, but not limited to, covenants to achieve specified Adjusted EBITDA levels and revenue renewal levels, limiting capital expenditures and restricting the Company's ability to pay dividends, purchase and sell assets outside the ordinary course and incur additional indebtedness. As of March 31, 2017, On May 5, 2016, 1,333,333 $0.45 May 5, 2026, 5 first $383,128 $31,927 $0 three March 31, 2017 2016, On November 29, 2016, $120,000, $10,000 one 200,000 $0.36 November 29, 2026. $60,185 December 31, 2016. During the three March 31, 2017, $500,000 $486,548. The Company owed $7,120,394 $7,056,942 March 31, 2017 December 31, 2016, The Company recognized amortization and interest expenses in connection with the line of credit and loans as follows. Three-month periods ended March 31, 2017 2016 Amortization expense associated with Line of Credit and loan $ 59,807 $ 13,366 Interest expense associated with the Line of Credit and loan $ 196,590 $ 67,403 Other finance fees associated with the Line of Credit and loan $ 24,125 $ 136,155 |
Note 6 - Stockholders' Equity
Note 6 - Stockholders' Equity | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 6: Common Stock During the three March 31, 2017, 1,707,692 2,400,000 three March 31, 2016. As of March 31, 2017, December 31, 2016, 65,283,042 63,415,254 Restricted Stock During 2016, 120,000 $0.50 4 July 1, 2016, December 31, 2016, $30,000 $0 three March 31, 2017 2016, $30,000 March 31, 2017. Warrants During the three March 31, 2017, 160,096 225,000 three March 31, 2016. During the three March 31, 2017, 46,875 As of March 31, 2017, December 31, 2016, 7,719,341 7,991,216 $0.87 $0.64, The Company recorded expenses of $125,867 $284,093 three March 31, 2017 2016, Options The Company generally recognizes its share-based payment over the vesting terms of the underlying options. Three-month periods ended March 31, 2017 2016 Weighted-average grant date fair value $ 0.43 $ 0.45 Fair value of options, recognized as selling, general, and administrative expenses $ 63,832 $ 157,067 Number of options granted - 20,000 Number of options expired or forfeited (257,500 ) (25,000 ) As of March 31, 2017 December 31, 2016, 10,467,500 13,125,000 $0.43 $0.38 The total compensation cost related to non-vested awards not yet recognized amounted to $381,693 March 31, 2017 42 |
Note 7 - Comprehensive Loss
Note 7 - Comprehensive Loss | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | NOTE 7: Comprehensive loss includes changes in equity related to foreign currency translation adjustments. The following table sets forth the reconciliation from net loss to comprehensive loss for the three March 31, 2017 2016: Three-month periods ended March 31, 2017 2016 Net loss $ (55,224 ) $ (583,241 ) Other comprehensive loss: Foreign currency translation adjustment 4,080 (7,188 ) Comprehensive loss $ (51,144 ) $ (590,429 ) The following table sets forth the balance in accumulated other comprehensive loss as of March 31, 2017 December 31, 2016, March 31, 2017 December 31, 2016 Accumulated other comprehensive loss $ (73,249 ) $ (77,329 ) |
Note 8 - Segments
Note 8 - Segments | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 8: The Company operates in one three March 31, 2017 2016 Three-month periods ended March 31, 2017 2016 United States 59% 68% Europe 21% 19% Other 20% 13% |
Note 9 - Commitments and Contin
Note 9 - Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 9: During January 2014, 4 February 1, 2014. $22,000 $25,000. During October 2016, May 2014 21 June 1, 2016. $4,100 During July 2014, five July 30, 2014. 89,667 $129,000) 45,658 $66,000) 60,000 $86,000) Legal Proceedings From time to time, the Company may On November 29, 2016, September 8, 2014. 1,890,000 $2,700,000. $1,000,000 January 18, 2017, $500,000. $1,700,000 48 July 1, 2017. 6,600,000 $0.15 $0.31 1,890,000 3%. 2016, $2,200,000, $500,000, December 2016. $1,700,000 March 31, 2017 $318,750 $1,381,250 |
Note 10 - Subsequent Events
Note 10 - Subsequent Events | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 10: On May 9, 2017, second 6.17 $0 ($150,000) August 31, 2017 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2017 | |
Accounting Policies [Abstract] | |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reporting amounts of revenues and expenses during the reported period. Actual results will differ from those estimates. Included in these estimates are assumptions about collection of accounts receivable, useful life of fixed assets, and assumptions used in Black-Scholes-Merton, or BSM, valuation methods, such as expected volatility, risk-free interest rate, and expected dividend rate. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three $50,000 March 31, 2017. |
Receivables, Policy [Policy Text Block] | Accounts Receivable The Company’s accounts receivable are due primarily from advertisers and marketers. Collateral is currently not required. The Company also maintains allowances for doubtful accounts for estimated losses resulting from the inability of the Company’s customers to make payments. The Company periodically reviews these estimated allowances, including an analysis of the customers’ payment history and creditworthiness, the age of the trade receivable balances and current economic conditions that may March 31, 2017 December 31, 2016 Allowance for doubtful accounts $ 351,921 $ 349,535 |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risks The Company is subject to concentrations of credit risk primarily from cash and cash equivalents and accounts receivable. The Company’s cash and cash equivalents accounts are held at a financial institution and are insured by the Federal Deposit Insurance Corporation, or the FDIC, up to $250,000 three March 31, 2017, The Company's accounts receivable are due from customers, generally located in the United States, Europe, Asia, and Canada. None of the Company’s customers accounted for more than 10% March 31, 2017 December 31, 2016. |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition The Company recognizes revenue on arrangements in accordance with ASC Topic 605, The Company’s SaaS revenues are generated from implementation and training fees and a monthly license fee, supplemented by per transaction fees paid by customers for monthly platform usage. The initial term of the customer contract is generally one one two may 30 third third third |
Product Concentration Policy [Policy Text Block] | Product Concentration The Company generates its revenues from software licensing, usage, and related transaction fees. |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments The Company accounts for assets and liabilities measured at fair value on a recurring basis in accordance with ASC Topic 820, 820. 820 ASC 820 820 Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions. Additional Disclosures Regarding Fair Value Measurements The carrying value of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, and lines of credit approximate their fair value due to the short-term maturity of these items. |
Advertising Cost, Policy, Expensed Advertising Cost [Policy Text Block] | Advertising The Company expenses advertising costs as incurred. Three-month periods ended March 31, 2017 2016 Advertising expense $ 86,416 $ 37,326 |
Income Tax, Policy [Policy Text Block] | Income Taxes Income taxes are accounted for in accordance with the provisions of ASC Topic 740, |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency Translation The Company’s reporting currency is U.S. Dollars. The functional currency of the Company’s Subsidiary in the United Kingdom is British Pounds. The translation from British Pounds to U.S. dollars is performed for asset and liability accounts using exchange rates in effect at the balance sheet date, equity accounts using historical exchange rates or rates in effect at the balance sheet date, and for revenue and expense accounts using the average exchange rate in effect during the period. The resulting translation adjustments are recorded as a component of Accumulated Other Comprehensive Income (Loss). Foreign currency translation gains and losses arising from exchange rate fluctuation on transactions denominated in a currency other than the functional currency are included in the consolidated statements of operations. |
Research, Development, and Computer Software, Policy [Policy Text Block] | Software Development Costs Costs incurred in the research and development of software products and significant upgrades and enhancements thereto during the preliminary project stage and the post-implementation operation stage are expensed as incurred. Costs incurred for maintenance and relatively minor upgrades and enhancements are expensed as incurred. Costs associated with the application development stage of new software products and significant upgrades and enhancements thereto are capitalized when 1) 2) $515,000 three March 31, 2017. $3,166,000 $2,784,000 March 31, 2017 December 31, 2016, $134,000 $189,000 three March 31, 2017 2016, |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Share-Based Payment The Company accounts for stock-based compensation in accordance with ASC Topic 718, 718. The Company has elected to use the BSM option-pricing model to estimate the fair value of its options, which incorporates various subjective assumptions including volatility, risk-free interest rate, expected life, and dividend yield to calculate the fair value of stock option awards. Compensation expense recognized in the statements of operations is based on awards ultimately expected to vest and reflects estimated forfeitures. ASC 718 |
Segment Reporting, Policy [Policy Text Block] | Segment Reporting The Company generated revenues from one three March 31, 2017 2016. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements In January 2017, 2017 04, 350), 2017 04 December 15, 2019. January 1, 2017. 2017 04 In January 2017, 2017 01, 805): January 1, 2018; 2017 04 The Company applied ASU 2015 03: |
Earnings Per Share, Policy [Policy Text Block] | Basic and Diluted Earnings Per Share Basic earnings per share are calculated by dividing income available to stockholders by the weighted-average number of common shares outstanding during each period. Diluted earnings per share are computed using the weighted average number of common and dilutive common share equivalents outstanding during the period. Dilutive common share equivalents consist of shares issuable upon the exercise of stock options and warrants (calculated using the modified-treasury stock method). Three-month periods ended March 31, 2017 2016 Numerator: Net loss $ (55,224 ) $ (583,241 ) Denominator: Denominator for basic earnings per share-weighted average shares 65,262,289 65,069,327 Effect of dilutive securities-when applicable: Stock options - - Warrants - - Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions 65,262,289 65,069,327 Loss per share: Basic $ (0.00 ) $ (0.01 ) Diluted $ (0.00 ) $ (0.01 ) Weighted-average anti-dilutive common share equivalents 16,275,714 18,869,637 |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment Property and equipment are recorded at cost and are depreciated on a straight-line basis over their estimated useful lives of three Property and equipment consist of the following at: March 31, 2017 December 31, 2016 Internal use software costs $ 5,239,422 $ 4,723,968 Computer equipment and software 392,649 387,472 Office furniture and equipment 117,719 119,768 Leasehold improvements 287,728 286,990 6,037,518 5,518,198 Accumulated depreciation (2,749,985 ) (2,585,072 ) $ 3,287,533 $ 2,933,126 Three-month periods ended March 31, 2017 2016 Depreciation expense $ 35,455 $ 77,313 Amortization expense on internal software $ 133,573 $ 189,360 During the three March 31, 2017, $7,500 $1,700 $800. During the three March 31, 2016, $10,000 $5,000 $5,000. |
Note 2 - Summary Of Significa18
Note 2 - Summary Of Significant Accounting Policies (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, 2017 December 31, 2016 Allowance for doubtful accounts $ 351,921 $ 349,535 |
Schedule of Advertising Expense [Table Text Block] | Three-month periods ended March 31, 2017 2016 Advertising expense $ 86,416 $ 37,326 |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three-month periods ended March 31, 2017 2016 Numerator: Net loss $ (55,224 ) $ (583,241 ) Denominator: Denominator for basic earnings per share-weighted average shares 65,262,289 65,069,327 Effect of dilutive securities-when applicable: Stock options - - Warrants - - Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions 65,262,289 65,069,327 Loss per share: Basic $ (0.00 ) $ (0.01 ) Diluted $ (0.00 ) $ (0.01 ) Weighted-average anti-dilutive common share equivalents 16,275,714 18,869,637 |
Property, Plant and Equipment [Table Text Block] | March 31, 2017 December 31, 2016 Internal use software costs $ 5,239,422 $ 4,723,968 Computer equipment and software 392,649 387,472 Office furniture and equipment 117,719 119,768 Leasehold improvements 287,728 286,990 6,037,518 5,518,198 Accumulated depreciation (2,749,985 ) (2,585,072 ) $ 3,287,533 $ 2,933,126 |
Depreciation Expense [Member] | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | Three-month periods ended March 31, 2017 2016 Depreciation expense $ 35,455 $ 77,313 Amortization expense on internal software $ 133,573 $ 189,360 |
Note 4 - Deferred Revenues (Tab
Note 4 - Deferred Revenues (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Deferred Revenue, by Arrangement, Disclosure [Table Text Block] | March 31, 2017 December 31, 2016 Deferred revenues $ 94,033 $ 53,450 |
Note 5 - Line of Credit and L20
Note 5 - Line of Credit and Loan (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | March 31, 2017 December 31, 2016 Agility Loan 625,000 625,000 Amendment, loan modification fee added to balance 100,000 100,000 Principal Payment of Agility Loan (250,000 ) (175,000 ) Agility Loan, Outstanding balance 475,000 550,000 Less: Deferred financing cost (29,372 ) (43,133 ) $ 445,628 $ 506,867 March 31, 2017 December 31, 2016 SaaS Capital Loan, Total advances 7,700,000 7,200,000 Principal Payment of SaaS Capital Loan (579,606 ) (143,058 ) SaaS Capital Loan, Outstanding balance 7,120,394 7,056,942 Less: Deferred financing cost (383,723 ) (429,769 ) Less: SaaS Capital Loan, short term (1) (2,221,312 ) (2,038,946 ) $ 4,515,359 $ 4,588,227 |
Schedule of Interest and Amortization Expense Line of Credit [Table Text Block] | Three-month periods ended March 31, 2017 2016 Amortization expense associated with Line of Credit and loan $ 59,807 $ 13,366 Interest expense associated with the Line of Credit and loan $ 196,590 $ 67,403 Other finance fees associated with the Line of Credit and loan $ 24,125 $ 136,155 |
Note 6 - Stockholders' Equity (
Note 6 - Stockholders' Equity (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Share-based Compensation, Activity [Table Text Block] | Three-month periods ended March 31, 2017 2016 Weighted-average grant date fair value $ 0.43 $ 0.45 Fair value of options, recognized as selling, general, and administrative expenses $ 63,832 $ 157,067 Number of options granted - 20,000 Number of options expired or forfeited (257,500 ) (25,000 ) |
Note 7 - Comprehensive Loss (Ta
Note 7 - Comprehensive Loss (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Comprehensive Income (Loss) [Table Text Block] | Three-month periods ended March 31, 2017 2016 Net loss $ (55,224 ) $ (583,241 ) Other comprehensive loss: Foreign currency translation adjustment 4,080 (7,188 ) Comprehensive loss $ (51,144 ) $ (590,429 ) |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | March 31, 2017 December 31, 2016 Accumulated other comprehensive loss $ (73,249 ) $ (77,329 ) |
Note 8 - Segments (Tables)
Note 8 - Segments (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | Three-month periods ended March 31, 2017 2016 United States 59% 68% Europe 21% 19% Other 20% 13% |
Note 2 - Summary Of Significa24
Note 2 - Summary Of Significant Accounting Policies (Details Textual) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | Dec. 31, 2016USD ($) | |
Restricted Cash and Cash Equivalents, Current | $ 50,000 | $ 50,000 | |
Cash, FDIC Insured Amount | 250,000 | ||
Payments to Develop Software | 515,454 | $ 475,000 | |
Capitalized Computer Software, Net | 3,166,000 | 2,784,000 | |
Amortization of Intangible Assets | $ 133,573 | $ 189,360 | |
Number of Reportable Segments | 1 | 1 | |
Property, Plant and Equipment, Net | $ 3,287,533 | 2,933,126 | |
Proceeds from Sale of Productive Assets | 795 | $ 4,692 | |
Computer Equipment [Member] | |||
Gross Proceeds From Sale of Property, Plant and Equipment | 7,500 | 10,000 | |
Property, Plant and Equipment, Net | 1,700 | 5,000 | |
Proceeds from Sale of Productive Assets | $ 800 | $ 5,000 | |
Estimated [Member] | |||
Property, Plant and Equipment, Useful Life | 3 years |
Note 2 - Summary of Significa25
Note 2 - Summary of Significant Accounting Policies - Accounts Receivable (Details) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Allowance for doubtful accounts | $ 351,921 | $ 349,535 |
Note 2 - Summary of Significa26
Note 2 - Summary of Significant Accounting Policies - Advertising Costs (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Advertising expense | $ 86,416 | $ 37,326 |
Note 2 - Summary of Significa27
Note 2 - Summary of Significant Accounting Policies - Basic and Diluted Earnings Per Share (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Numerator: | ||
Net loss | $ (55,224) | $ (583,241) |
Denominator: | ||
Denominator for basic earnings per share-weighted average shares (in shares) | 65,262,289 | 65,069,327 |
Effect of dilutive securities-when applicable: | ||
Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions (in shares) | 65,262,289 | 65,069,327 |
Basic (in dollars per share) | $ 0 | $ (0.01) |
Diluted (in dollars per share) | $ 0 | $ (0.01) |
Weighted-average anti-dilutive common share equivalents (in shares) | 16,275,714 | 18,869,637 |
Employee Stock Option [Member] | ||
Effect of dilutive securities-when applicable: | ||
Effect of dilutive securities | ||
Warrant [Member] | ||
Effect of dilutive securities-when applicable: | ||
Effect of dilutive securities |
Note 2 - Summary of Significa28
Note 2 - Summary of Significant Accounting Policies - Property and Equipment (Details) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Property, plant, and equipment, gross | $ 6,037,518 | $ 5,518,198 |
Accumulated depreciation | (2,749,985) | (2,585,072) |
3,287,533 | 2,933,126 | |
Software Development [Member] | ||
Property, plant, and equipment, gross | 5,239,422 | 4,723,968 |
Computer Equipment [Member] | ||
Property, plant, and equipment, gross | 392,649 | 387,472 |
1,700 | 5,000 | |
Furniture and Fixtures [Member] | ||
Property, plant, and equipment, gross | 117,719 | 119,768 |
Leasehold Improvements [Member] | ||
Property, plant, and equipment, gross | $ 287,728 | $ 286,990 |
Note 2 - Summary of Significa29
Note 2 - Summary of Significant Accounting Policies - Property and Equipment, Depreciation Expense (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Depreciation expense | $ 35,455 | $ 77,313 |
Amortization expense on internal software | $ 133,573 | $ 189,360 |
Note 4 - Deferred Revenues - De
Note 4 - Deferred Revenues - Deferred Revenues (Details) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Deferred revenues | $ 94,033 | $ 53,450 |
Note 5 - Line of Credit and L31
Note 5 - Line of Credit and Loan (Details Textual) - USD ($) | Nov. 29, 2016 | May 05, 2016 | Mar. 11, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Sep. 30, 2014 | Mar. 17, 2014 |
Line of Credit Facility, Maximum Borrowing Capacity | $ 6,000,000 | $ 3,000,000 | ||||||||
Amortization of Debt Discount (Premium) | $ 59,807 | $ 138,366 | ||||||||
Proceeds from Lines of Credit | 500,000 | 625,000 | ||||||||
Repayments of Lines of Credit | 486,548 | 62,777 | ||||||||
SaaS Captial Loan [Member] | ||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.25% | |||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 200,000 | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.36 | |||||||||
Warrants and Rights Outstanding | $ 383,128 | $ 60,185 | ||||||||
Amortization of Debt Discount (Premium) | 31,927 | 0 | ||||||||
Long-term Debt | 7,120,394 | 7,056,942 | ||||||||
Debt Instrument, Reference Rate | 9.21% | |||||||||
Prepayment Fee, Percentage Period One | 10.00% | |||||||||
Prepayment Fee, Percentage, Period Two | 6.00% | |||||||||
Prepayment Fee, Percentage, Period Three | 3.00% | |||||||||
Line of Credit Facility, Commitment Fee Amount | $ 80,000 | |||||||||
Line of Credit Facility, Additional Commitment Fee Amount | $ 80,000 | |||||||||
Proceeds from Lines of Credit | 500,000 | |||||||||
Repayments of Lines of Credit | 486,548 | |||||||||
SaaS Captial Loan [Member] | Loan Modification [Member] | ||||||||||
Debt Instrument, Fee Amount | $ 120,000 | |||||||||
Debt Instrument, Periodic Payment | $ 10,000 | |||||||||
Line of Credit [Member] | ||||||||||
Long-term Line of Credit | 0 | 0 | ||||||||
Agility Loan Warrants [Member] | ||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 187,500 | 69,444 | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.40 | $ 0.45 | ||||||||
Warrants and Rights Outstanding | $ 42,427 | $ 15,880 | ||||||||
Amortization of Debt Discount (Premium) | 3,970 | 0 | ||||||||
Debt Instrument, Fee Amount Included in Principal Balance | $ 100,000 | |||||||||
Long-term Debt | 475,000 | 550,000 | ||||||||
Agility Loan Warrants 2 [Member] | ||||||||||
Amortization of Debt Discount (Premium) | 9,791 | $ 0 | ||||||||
SaaS Warrants [Member] | ||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 1,333,333 | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.45 | |||||||||
Subordinated Debt [Member] | ||||||||||
Debt Instrument, Face Amount | $ 625,000 | 625,000 | 625,000 | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||||||||
Debt Instrument, Periodic Payment, Monthly Amortization | $ 25,000 | |||||||||
Debt Instrument, Aggregate Fees to Be Paid | 130,000 | |||||||||
Debt Instrument, Minimum Aggregate Interest in the Event of Prepayment | $ 50,000 | |||||||||
Debt Instrument, Fee Amount Included in Principal Balance | 100,000 | 100,000 | ||||||||
Long-term Debt | $ 445,628 | $ 506,867 |
Note 5 - Line of Credit and L32
Note 5 - Line of Credit and Loans - Line of Credit and Loans (Details) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2017 | Dec. 31, 2016 | Mar. 11, 2016 | ||
Subordinated Debt [Member] | ||||
Debt Instrument, Face Amount | $ 625,000 | $ 625,000 | $ 625,000 | |
Amendment, loan modification fee added to balance | 100,000 | 100,000 | ||
Principal Payment | (250,000) | (175,000) | ||
Debt Instrument, Carrying Amount | 475,000 | 550,000 | ||
Less: Deferred financing cost | (29,372) | (43,133) | ||
Long-term Debt | 445,628 | 506,867 | ||
SaaS Captial Loan [Member] | ||||
Debt Instrument, Face Amount | 7,700,000 | 7,200,000 | ||
Principal Payment | (579,606) | (143,058) | ||
Debt Instrument, Carrying Amount | 7,120,394 | 7,056,942 | ||
Less: Deferred financing cost | (383,723) | (429,769) | ||
Long-term Debt | 4,515,359 | 4,588,227 | ||
Less: SaaS Capital Loan, short term (1) | [1] | $ (2,221,312) | $ (2,038,946) | |
[1] | Short-term portion constitutes scheduled amortization payments for the next 12 months which create immediate access to additional borrowing availability equal to the amount of amortization payments |
Note 5 - Line of Credit and L33
Note 5 - Line of Credit and Loan - Estimated Future Amortization Expense (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Amortization expense associated with Line of Credit and loan | $ 59,807 | $ 138,366 |
Interest expense associated with the Line of Credit and loan | 196,590 | 67,403 |
Other finance fees associated with the Line of Credit and loan | $ 24,125 | $ 136,155 |
Note 6 - Stockholders' Equity34
Note 6 - Stockholders' Equity (Details Textual) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017USD ($)$ / sharesshares | Mar. 31, 2016USD ($)shares | Dec. 31, 2016$ / sharesshares | |
Stock Issued During Period Shares Stock Options Exercised Noncash | 1,707,692 | ||
Cashless Exercise Of Options | 2,400,000 | 0 | |
Common Stock, Shares, Issued | 65,283,042 | 63,415,254 | 63,415,254 |
Allocated Share-based Compensation Expense | $ | $ 125,867 | $ 284,093 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 10,467,500 | 13,125,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares | $ 0.43 | $ 0.38 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ | $ 381,693 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 3 years 180 days | ||
Common Stock, Shares, Outstanding | 65,283,042 | 63,415,254 | 63,415,254 |
Warrant [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 0 | ||
Stock Issued During Period Shares Warrants Exercised Noncash | 160,096 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised | 225,000 | 0 | |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Expirations | 46,875 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number | 7,719,341 | 7,991,216 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares | $ 0.87 | $ 0.64 | |
Restricted Stock [Member] | Non-employee Directors [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 120,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares | $ 0.50 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Vesting, Number of Equal Quarterly Increments | 4 | ||
Allocated Share-based Compensation Expense | $ | $ 30,000 | $ 0 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ | $ 30,000 |
Note 6 - Stockholders' Equity -
Note 6 - Stockholders' Equity - Additional Stock Option Information (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Weighted-average grant date fair value (in dollars per share) | $ 0.43 | $ 0.45 |
Number of options granted (in shares) | 20,000 | |
Number of options expired or forfeited (in shares) | (257,500) | (25,000) |
Selling, General and Administrative Expenses [Member] | ||
Fair value of options, recognized as selling, general, and administrative expenses | $ 63,832 | $ 157,067 |
Note 7 - Comprehensive Loss - R
Note 7 - Comprehensive Loss - Reconciliation From Net Loss to Comprehensive Income (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Net loss | $ (55,224) | $ (583,241) |
Other comprehensive loss: | ||
Foreign currency translation adjustment | 4,080 | (7,188) |
Comprehensive loss | $ (51,144) | $ (590,429) |
Note 7 - Comprehensive Loss - A
Note 7 - Comprehensive Loss - Accumulated Other Comprehensive Loss (Details) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Accumulated other comprehensive loss | $ (73,249) | $ (77,329) |
Note 8 - Segments (Details Text
Note 8 - Segments (Details Textual) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Number of Reportable Segments | 1 | 1 |
Note 8 - Segments - Sales by Ge
Note 8 - Segments - Sales by Geographic Region (Details) - Sales Revenue, Segment [Member] - Geographic Concentration Risk [Member] | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
UNITED STATES | ||
Percentage of sales | 59.00% | 68.00% |
Europe [Member] | ||
Percentage of sales | 21.00% | 19.00% |
Other [Member] | ||
Percentage of sales | 20.00% | 13.00% |
Note 9 - Commitments and Cont40
Note 9 - Commitments and Contingencies (Details Textual) | Nov. 29, 2016USD ($)$ / sharesshares | Oct. 31, 2016USD ($) | Jul. 31, 2014USD ($) | Jul. 31, 2014GBP (£) | Jul. 30, 2014 | Jan. 31, 2014USD ($) | Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | Dec. 31, 2016USD ($) |
Payments to Acquire Property, Plant, and Equipment | $ 9,799 | ||||||||
Estimated Litigation Liability | $ 1,700,000 | ||||||||
Common Stock Issued and Outstanding Percentage Decrease | 3.00% | ||||||||
Gain (Loss) Related to Litigation Settlement | 2,200,000 | ||||||||
Accounts Payable and Accrued Liabilities [Member] | |||||||||
Estimated Litigation Liability | 318,750 | ||||||||
Other Noncurrent Liabilities [Member] | |||||||||
Estimated Litigation Liability | $ 1,381,250 | ||||||||
Executive Officer [Member] | |||||||||
Stock Cancelled During Period, Shares | shares | 1,890,000 | ||||||||
Litigation Settlement, Amount Awarded to Other Party | $ 2,700,000 | ||||||||
Payments for Legal Settlements | 1,000,000 | ||||||||
Payments for Legal Settlements by Insurance Carrier | 500,000 | ||||||||
Estimated Litigation Liability | $ 1,700,000 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period | shares | 6,600,000 | ||||||||
Payments For Legal Settlements, Installment Terms | 48 | ||||||||
Minimum [Member] | Executive Officer [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price | $ / shares | $ 0.15 | ||||||||
Maximum [Member] | Executive Officer [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price | $ / shares | $ 0.31 | ||||||||
Office Space In Newport Beach California [Member] | |||||||||
Lessee, Operating Lease, Term of Contract | 4 years | ||||||||
Office Space In Newport Beach California [Member] | Minimum [Member] | |||||||||
Operating Lease Monthly Rent | $ 22,000 | ||||||||
Office Space In Newport Beach California [Member] | Maximum [Member] | |||||||||
Operating Lease Monthly Rent | $ 25,000 | ||||||||
Sublease in Newport Beach [Member] | |||||||||
Lessee, Operating Lease, Term of Contract | 5 years | ||||||||
Operating Lease Monthly Rent | $ 4,100 | ||||||||
Lessor, Operating Lease, Term of Contract | 1 year 270 days | ||||||||
Office Space in London England [Member] | |||||||||
Operating Lease Monthly Rent | $ 129,000 | £ 89,667 | |||||||
Operating Lease Service Charges | 66,000 | 45,658 | |||||||
Office Space in London England [Member] | Leasehold Improvements [Member] | |||||||||
Payments to Acquire Property, Plant, and Equipment | $ 86,000 | £ 60,000 |
Note 10 - Subsequent Events (De
Note 10 - Subsequent Events (Details Textual) - SaaS Captial Loan [Member] - USD ($) | May 09, 2017 | Mar. 31, 2017 |
Debt Instrument, Minimum Adjusted EBITDA | $ 0 | |
Subsequent Event [Member] | ||
Debt Instrument, Minimum Adjusted EBITDA | $ 150,000 |