Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Nov. 14, 2018 | |
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 | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 66,179,709 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash | $ 1,808,029 | $ 166,883 |
Restricted cash | 50,000 | 50,000 |
Accounts receivable, net of allowance for bad debt of $268,923 and $471,144, respectively | 2,130,476 | 2,692,636 |
Prepaid expenses and other assets | 330,455 | 548,343 |
Total current assets | 4,318,960 | 3,457,862 |
Property and equipment, net of accumulated depreciation of $788,587 and $775,152, respectively | 63,975 | 69,405 |
Intangible assets, net of accumulated amortization of $2,938,350 and $2,512,203, respectively | 4,624,377 | 3,925,523 |
Other assets | 109,777 | 123,124 |
Total assets | 9,117,089 | 7,575,914 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 2,278,096 | 2,479,083 |
Deferred revenues | 564,002 | 299,937 |
Credit facility, short term | 3,501,487 | 3,055,812 |
Other short-term loan, net of unamortized deferred financing cost of $0 and $0, respectively | 1,224,194 | |
Total current liabilities | 6,343,585 | 7,059,026 |
Credit facility, net of unamortized deferred financing cost of $1,745,491 and $245,584, respectively | 6,404,754 | 4,402,988 |
Other loan, related party net of unamortized deferred financing cost of $180,209 and $0, respectively | 369,791 | |
Other loan net of unamortized deferred financing cost of $744,205 and $82,868, respectively | 2,205,795 | 267,938 |
Other liabilities | 743,750 | 1,062,500 |
Total liabilities | 16,067,675 | 12,792,452 |
Stockholders' Deficit: | ||
Common stock; $0.001 par value; 100,000,000 shares authorized; 66,179,709 and 65,939,709 shares issued and outstanding, respectively | 66,178 | 65,938 |
Additional paid-in capital | 29,371,783 | 26,301,748 |
Accumulated deficit | (36,326,324) | (31,542,684) |
Accumulated other comprehensive loss | (62,223) | (41,540) |
Total stockholders’ deficit | (6,950,586) | (5,216,538) |
Total liabilities and stockholders’ deficit | 9,117,089 | 7,575,914 |
Series A Preferred Stock [Member] | ||
Stockholders' Deficit: | ||
Preferred stock | ||
Series B Preferred Stock [Member] | ||
Stockholders' Deficit: | ||
Preferred stock |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 | |
Accounts receivable, allowance for bad debt | $ 268,923 | $ 471,144 | |
Property and equipment, accumulated depreciation | [1] | 788,587 | 775,152 |
Intangible assets, accumulated amortization | 2,938,350 | 2,512,203 | |
Deferred financing cost, current | 0 | 0 | |
Deferred financing cost, credit facility | 1,745,491 | 245,584 | |
Deferred financing cost, noncurrent, related party | 180,209 | 0 | |
Deferred financing cost, noncurrent | $ 744,205 | $ 82,868 | |
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) | 66,179,709 | 66,179,709 | |
Common stock, shares outstanding (in shares) | 65,939,709 | 65,939,709 | |
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 | |
[1] | Includes (3,085) in foreign exchange translation |
Unaudited Condensed Consolidate
Unaudited Condensed Consolidated Statements of Operations - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Revenues: | $ 5,292,304 | $ 6,065,674 | $ 16,682,730 | $ 18,016,552 |
Cost of revenue | 2,042,435 | 2,749,975 | 6,865,431 | 6,660,684 |
Gross profit | 3,249,869 | 3,315,699 | 9,817,299 | 11,355,868 |
Operating expenses: | ||||
Research and development | 1,033,707 | 1,031,878 | 3,144,106 | 3,208,434 |
Sales and marketing | 1,127,055 | 1,119,302 | 3,359,247 | 3,419,095 |
General and administrative | 2,372,359 | 1,554,982 | 6,278,522 | 5,232,896 |
Total operating expenses | 4,533,121 | 3,706,162 | 12,781,875 | 11,860,425 |
Operating loss | (1,283,252) | (390,463) | (2,964,576) | (504,557) |
Other income (expense): | ||||
Other income (loss) | (222) | 2 | 564 | 744 |
Other expense | (679,663) | (305,284) | (1,819,628) | (863,865) |
Total other (expense) | (679,885) | (305,282) | (1,819,064) | (863,121) |
Net loss | $ (1,963,137) | $ (695,745) | $ (4,783,640) | $ (1,367,678) |
Loss per share: | ||||
Basic (in dollars per share) | $ (0.03) | $ (0.01) | $ (0.07) | $ (0.02) |
Diluted (in dollars per share) | $ (0.03) | $ (0.01) | $ (0.07) | $ (0.02) |
Basic weighted average common shares outstanding (in shares) | 66,177,101 | 65,520,434 | 66,019,709 | 65,356,201 |
Diluted weighted average common shares outstanding (in shares) | 66,177,101 | 65,520,434 | 66,019,709 | 65,356,201 |
Unaudited Condensed Consolida_2
Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net loss | $ (1,963,137) | $ (695,745) | $ (4,783,640) | $ (1,367,678) |
Foreign currency translation loss | (7,166) | 12,841 | (20,683) | 32,098 |
Total other comprehensive loss | (7,166) | 12,841 | (20,683) | 32,098 |
Comprehensive loss | $ (1,970,303) | $ (682,904) | $ (4,804,323) | $ (1,335,580) |
Unaudited Condensed Consolida_3
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash flows from operating activities: | ||
Net loss | $ (4,783,640) | $ (1,367,678) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation and amortization | 461,893 | 612,639 |
Amortization of debt discount and deferred financing cost | 636,125 | 180,204 |
Provision for bad debt | (202,221) | (48,586) |
Fair value of options and warrants | 342,698 | 633,997 |
Loss on sale of fixed assets | 997 | 902 |
Changes in operating assets and liabilities: | ||
Accounts receivable | 764,381 | (196,315) |
Prepaid expenses and other assets | 147,888 | (129,077) |
Accounts payable and accrued expenses | (415,072) | (641,049) |
Deferred revenues | 264,065 | 18,213 |
Other assets | 13,346 | (20,016) |
Net cash used in operating activities | (2,769,540) | (956,766) |
Cash flows from investing activities: | ||
Capitalized software for internal use | (1,125,000) | (1,347,075) |
Capital expenditures | (31,579) | (44,125) |
Proceeds from sale of assets | 750 | 795 |
Net cash used in investing activities | (1,155,829) | (1,390,405) |
Cash flows from financing activities: | ||
Principal repayments of credit facility and loan | (2,402,652) | (1,653,282) |
Proceeds from credit facility | 5,489,850 | 1,923,000 |
Proceeds from promissory notes | 3,500,000 | 1,000,000 |
Repayments of promissory notes | (1,000,000) | |
Net cash provided by financing activities | 5,587,198 | 1,269,718 |
Effect of exchange rate changes on cash | (20,683) | 32,098 |
Net increase (decrease) in cash | 1,641,146 | (1,045,355) |
Cash, beginning of period | 216,883 | 1,730,127 |
Cash, end of period | 1,858,029 | 684,772 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 1,133,678 | 613,240 |
Cash paid for income taxes | 0 | 0 |
Non-cash investing and financing activities: | ||
Fair value of warrants issued in connection with credit facility and promissory notes | 2,727,577 | 104,676 |
Repayment of Agility Loan, included in accounts payable | 25,000 | |
Capital expenditure included in account payable | 1,739 | |
Shares issued for cashless exercise of options and warrants | 1,868 | |
Accrued payables and short-term loan directly paid off by credit facility | 680,149 | |
Prepaid expenses reclassed to deferred financing cost | 70,000 | |
Deferred financing cost incurred in connection with promissory notes | 75,000 | |
Cash and cash equivalents at beginning of period | 166,883 | 1,680,127 |
Cash and cash equivalents at end of period | 1,808,029 | 634,772 |
Restricted cash at beginning of period | 50,000 | 50,000 |
Restricted cash at end of period | $ 50,000 | $ 50,000 |
Note 1 - Organization, Descript
Note 1 - Organization, Description of Business and Going Concern | 9 Months Ended |
Sep. 30, 2018 | |
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, 2017 2016, December 31, 2017 10 March 27, 2018. may three nine September 30, 2018 not December 31, 2018. The accompanying consolidated financial statements have been prepared on a going concern basis which implies the Company will continue to meet its obligations for the next 12 The Company had a working capital deficit of $2,024,625 $36,326,324 September 30, 2018. $4,783,640 $2,769,540 nine September 30, 2018. Management’s plan to continue as a going concern includes raising capital in the form of debt or equity, increased gross profit from revenue growth and managing and reducing operating and overhead costs. During the second 2018, twelve not not may 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 the Subsidiary have been eliminated in consolidation. |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2018 | |
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 intangible 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 September 30, 2018 December 31, 2017. Accounts Receivable The Company’s accounts receivable are due primarily from advertisers and marketers. Collateral is currently not may September 30, 2018 December 31, 2017 Allowance for doubtful accounts $ 268,923 $ 471,144 Long-Lived Assets The Company accounts for long-lived assets in accordance with Accounting Standards Codification (“ASC”) Topic 360 10 05, 360 10 05 may no 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. nine September 30, 2018, The Company's accounts receivable are due from customers, generally located in the United States, Europe, Asia, and Canada. None 10% September 30, 2018 December 31, 2017. not Revenue Recognition The Company recognizes revenue on arrangements in accordance with ASC 2014 09, 606, 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 not third third third not 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 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 months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Advertising expense $ 140,907 $ 84,302 $ 415,358 $ 254,446 Income Taxes Income taxes are accounted for in accordance with the provisions of ASC Topic 740, no 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 $1,125,000 nine September 30, 2018. $4,624,377 $3,925,523 September 30, 2018 December 31, 2017, $105,000 $426,146 three nine September 30, 2018, $193,935 $509,039 three nine September 30, 2017, 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 Common stock awards The Company has granted common stock awards to non-employees in exchange for services provided. The Company measures the fair value of these awards using the fair value of the services provided or the fair value of the awards granted, whichever is more reliably measurable. The fair value measurement date of these awards is generally the date the performance of services is complete. The fair value of the awards is recognized on a straight-line basis as services are rendered. The share-based payments related to common stock awards for the settlement of services provided by non-employees is recorded on the consolidated statement of comprehensive loss in the same manner and charged to the same account as if such settlements had been made in cash. Warrants In connection with certain financing, consulting and collaboration arrangements, the Company has issued warrants to purchase shares of its common stock. The outstanding warrants are standalone instruments that are not not 6, Segment Reporting The Company generated revenues from one three nine September 30, 2018 2017. Recent Accounting Pronouncements In January 2017, 2017 04, 350 2017 04 December 15, 2019. January 1, 2017. In July 2018, 2018 09 may December 15, 2018. In January 2016, No. 2016‑01, Financial Instruments — Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. first 2019. In February 2016, 2016 02, Leases (Topic 842 ) January 2017. December 15, 2018, In January 2017, No. 2017 01, 805 not not not no In November 2016, No. 2016 18, Statement of Cash Flows (Topic 230 ): Restricted Cash December 15, 2017. January 1, 2018, no In May 2017, 2017 09, Compensation - Stock Compensation (Topic 718 : Scope of Modification Accounting 2016 09 718. December 15, 2017. January 1, 2018 no Other accounting pronouncements have been issued but deemed by management to be outside the scope of relevance to the Company. 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 months ended September 30 Nine months ended September 30 2018 2017 2018 2017 Numerator: Net loss $ (1,963,137 ) $ (695,745 ) $ (4,783,640 ) $ (1,367,678 ) Denominator: Denominator for basic earnings per share--weighted average shares 66,177,101 65,520,434 66,019,709 65,356,201 Effect of dilutive securities- when applicable: Stock options - - - - Warrants - - - - Denominator for diluted earnings per share--adjusted weighted-average shares and assumed conversions 66,177,101 65,520,434 66,019,709 65,356,201 Loss per share: Basic $ (0.03 ) $ (0.01 ) $ (0.07 ) $ (0.02 ) Diluted $ (0.03 ) $ (0.01 ) $ (0.07 ) $ (0.02 ) Weighted-average anti-dilutive common share equivalents 29,229,427 17,091,949 26,043,047 16,579,396 Property and Equipment and Intangible Assets 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 and intangible assets consist of the following at: September 30, 2018 December 31, 2017 Computer equipment and software $ 437,302 $ 431,497 Office furniture and equipment 124,900 120,420 Leasehold improvements 290,360 292,640 Total (1) 852,562 844,557 Accumulated depreciation (2) (788,587 ) (775,152 ) Total $ 63,975 $ 69,405 (1) Includes 6,150 in foreign exchange translation (2) Includes (3,085) in foreign exchange translation Intangible assets $ 7,562,727 $ 6,437,726 Accumulated amortization (2,938,350 ) (2,512,203 ) Total $ 4,624,377 $ 3,925,523 Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Depreciation expense $ 10,035 $ 34,071 $ 35,747 $ 103,601 Amortization expense on intangible assets $ 105,000 $ 193,935 $ 426,146 $ 509,038 During the three nine September 30, 2018, $19,000 $2,000 $750 During the three nine September 30, 2017, $0 $7,500 $0 $1,700 $0 $800, |
Note 3 - Prepaid Expenses
Note 3 - Prepaid Expenses | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | NOTE 3: At September 30, 2018 December 31, 2017, |
Note 4 - Deferred Revenues
Note 4 - Deferred Revenues | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [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 customers when provided. September 30, 2018 December 31, 2017 Deferred revenues $ 564,002 $ 299,937 |
Note 5 - Credit Facility and Lo
Note 5 - Credit Facility and Loans | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 5: FACILITY AND LOANS Agility Loan September 30, 2018 December 31, 2017 Agility Loan $ 625,000 $ 625,000 Amendment, added to balance 400,000 400,000 Principal Payment of Agility Loan (450,000 ) (425,000 ) Less: Loan repayment (575,000 ) - Balance $ - $ 600,000 On March 11, 2016, $625,000 March 31, 2017. 12% $25,000 June 1, 2016. $130,000 $50,000 December 31, 2017, second In connection with the Agility Loan, on June 30, 2016, 69,444 $0.45 March 11, 2021. $15,880 $0 $3,970 three nine September 30, 2017, $0 2018. 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 $29,372 three nine September 30, 2017, $0 2018. On August 14, 2017, On November 8, 2017, third $300,000 November 9, 2017 $625,000. December 31, 2017 December 31, 2018. $125,000 470 50 470 50” 10% $606,034 $106,034 $625,000 not On January 26, 2018, $581,000 $0 $600,000 September 30, 2018 December 31, 2017, Credit Facility - SaaS Capital Loan September 30, 2018 December 31, 2017 SaaS Capital Loan, Total advances $ 10,253,000 $ 9,903,000 Principal Payment of SaaS Capital Loan (4,601,269 ) (2,198,616 ) Less: Deferred financing cost (151,649 ) (245,584 ) Less: SaaS Capital Loan, short term (3,501,487 ) (3,055,812 ) SaaS Capital Loan, long term $ 1,998,595 $ 4,402,988 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. $160,000 $13,333 $40,000 three nine September 30, 2018 2017, The SaaS Capital Loan contains customary covenants including, but not September 30, 2018, On May 5, 2016, 1,333,333 $0.45 May 5, 2026, 5 first $169,000 September 30, 2016. $383,128 $31,927 $95,781 three nine September 30, 2018 2017, On November 29, 2016, $120,000, $10,000 one 200,000 $0.36 November 29, 2026. $60,185 December 31, 2016. On May 10, 2017, second $0 $150,000 August 31, 2017 On June 16, 2017, third 6 36 On August 14, 2017, fourth On November 8, 2017, fifth $0 $170,000 October 31, 2017, $150,000 November 1, 2017 December 31, 2017, $100,000 January 1, 2018 May 31, 2018, $50,000 June 1, 2018 August 31, 2018, $0 $600,000 January 31, 2018. September 2017. $375,000 On January 25, 2018, sixth 470 50 470 50” 10% 200,000 $0.35 $56,834 $4,736 $12,629 three nine September 30, 2018, $0 2017. On May 31, 2018, seventh $120,000 $495,000, October 31, 2018. On June 13, 2018, eighth On August 31, 2018, ninth $555,000 During the nine September 30, 2018, $350,000 $2,402,653. The Company owed $5,651,731 $7,704,384 September 30, 2018 December 31, 2017, 2017 Promissory Notes September 30, 2018 December 31, 2017 Promissory Notes, Total $ 1,000,000 $ 1,000,000 Principal Payment of Promissory Notes (1,000,000 ) - Promissory Notes, Outstanding balance - 1,000,000 Less: Deferred Financing cost - (82,868 ) Less: Promissory Notes, short term - (649,194 ) Balance $ - $ 267,938 On August 14, 2017, $1,000,000 seven 2017 2017 2017 2017 one 2017 two 2017 2017 August 14, 2019 12% 2017 three 1,000,000 $0.35 $104,676 $0 $82,868 three nine September 30, 2018, $8,723 $8,723 three nine September 30, 2017. On January 26, 2018, $1,074,000 2017 $65,000 $0 $1,000,000 2017 September 30, 2018 December 31, 2017, Beedie Credit Agreement September 30, 2018 December 31, 2017 Total advances $ 6,000,000 $ - Principal Payment of Loan - - Less: Deferred financing cost (1,593,841 ) - Balance $ 4,406,159 $ - On January 25, 2018, $7,000,000. 12% 14% $175,000 0.325% may July 25, 2020 January 25, 2021. 24 January 25, 2020. $4,500,000 January 26, 2018. $581,000 March 11, 2016, $1,074,000 2017 $175,000 $14,583 $38,888 three nine September 30, 2018, $0 2017. The Beedie Credit Agreement contains customary covenants including, but not September 30, 2018, 18% In connection with the Beedie Credit Agreement, the Company issued to Beedie a warrant, or the Beedie Warrant, to purchase up to 4,500,000 $0.35 January 26, 2019. 2,500,000 2017 11 815 10 15 74 $1,099,861 $91,655 $244,413 three nine September 30, 2018, $0 2017. On May 31, 2018, first 500,000 $0.35 January 25, 2019. 470 50 470 50 10% $120,330 $10,027 $13,370 three nine September 30, 2018, $0 2017. On June 13, 2018, second 100,000 $0.35 January 25, 2019. 470 50 470 50 10% $24,053 $2,004 $2,672 three nine September 30, 2018, $0 2017. On August 31, 2018, third second $1,500,000, 1,500,000 835,000 $0.35 January 25, 2019. $412,484 $11,458 $11,458 three nine September 30, 2018, $0 2017. 2018 September 30, 2018 December 31, 2017 Promissory Notes, Total $ 2,000,000 $ - Principal Payment of Promissory Notes - - Promissory Notes, Outstanding Balance 2,000,000 - Less: Deferred Financing Cost (655,305 ) - Less: Related Party Portion (550,000 ) Balance $ 794,695 $ - On May 31, 2018, June 15, 2018, $1,500,000 $500,000, thirteen 2018 2018 2018 one 2018 one 2018 two 2018 two 2018 2018 May 30, 2021 12% 2018 six 3,000,000 $0.35 $737,218 $61,435 $81,913 three nine September 30, 2018, $0 2017. August 2018 September 30, 2018 December 31, 2017 Promissory Notes, Total $ 1,500,000 $ - Principal Payment of Promissory Notes - - Promissory Notes, Outstanding balance 1,500,000 - Less: Deferred financing cost (269,109 ) - Balance $ 1,230,891 $ - On August 31, 2018, $1,500,000 ten August 2018 August 2018 August 2018 August 2018 August 30, 2021 12% six 1,500,000 $0.35 $276,798 $7,689 $7,689 three nine September 30, 2018, $0 2017. The Company recognized amortization and interest expenses in connection with the credit facility and loans as follows. Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Amortization expense associated with credit facility and loan $ 251,718 $ 64,560 $ 636,125 $ 180,204 Interest expense associated with credit facility and loan $ 422,051 $ 217,695 $ 1,133,678 $ 613,240 Other finance fees associated with credit facility and loan $ 4,646 $ 24,125 $ 45,886 $ 72,375 |
Note 6- Stockholders' Deficit
Note 6- Stockholders' Deficit | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 6: Common Stock There were no three nine September 30, 2018. During the nine September 30, 2017, 1,707,692 2,400,000 As of September 30, 2018, December 31, 2017, 66,179,709 65,939,709 Restricted Stock During 2017, 120,000 $0.50 4 July 1, 2017, September 30, 2018, $30,000 $60,000 three nine September 30, 2018, $0 September 30, 2018. During the nine September 30, 2018, 120,000 $0.50 4 July 1, 2018, September 30, 2018, $30,000 three nine September 30, 2018. 90,000 September 30, 2018. Warrants There were no three nine September 30, 2018. three nine September 30, 2017, 0 160,096 225,000 During the three nine September 30, 2018, 3,835,000 12,135,000 $689,281 $2,727,577, three nine September 30, 2018, 1,000,000 1,500,000 $204,730 $335,891 58,824 During the three nine September 30, 2017, 46,875 1,000,000 2017 $0.35 August 14, 2020. $104,676, As of September 30, 2018, December 31, 2017, 25,045,517 11,469,341 $0.53 $0.74, During the three nine September 30, 2018 2017, $101,836 $229,400 $125,867 $377,600, Options The Company generally recognizes its share-based payment over the vesting terms of the underlying options. Nine-month periods ended September 30, 2018 2017 Weighted-average grant date fair value $ - $ - Fair value of options, recognized as selling, general, and administrative expenses $ 23,298 $ 166,397 Number of options granted - - As of September 30, 2018 December 31, 2017, 7,237,500 8,302,500 $0.40 $0.40 The total compensation cost related to non-vested awards not $18,457 September 30, 2018 24 |
Note 7 - Comprehensive Loss
Note 7 - Comprehensive Loss | 9 Months Ended |
Sep. 30, 2018 | |
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 nine September 30, 2017 2016: Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Net loss $ (1,963,137 ) $ (695,745 ) $ (4,783,640 ) $ (1,367,678 ) Other comprehensive loss: Foreign currency translation adjustment (7,166 ) 12,841 (20,683 ) 32,098 Comprehensive loss $ (1,970,303 ) $ (682,904 ) $ (4,804,323 ) $ (1,335,580 ) The following table sets forth the balance in accumulated other comprehensive loss as of September 30, 2018 December 31, 2017, September 30, 2018 December 31, 2017 Accumulated other comprehensive loss $ (62,223 ) $ (41,540 ) |
Note 8 - Segments
Note 8 - Segments | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 8: The Company operates in one three nine September 30, 2017 2016 Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 United States 64% 56% 62% 58% Europe 15% 18% 17% 20% Other 21% 26% 21% 22% |
Note 9 - Commitments and Contin
Note 9 - Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 9: During August 2017, January 2014 March 1, 2018, 1,332 11,728 June 30, 2023. March 1, 2018, $38,702 first $44,566 During October 2016, May 2014 21 June 1, 2016. $4,100 February 2018. September 30, 2018, During July 2014, five July 30, 2014. 89,667 $115,000 45,658 $56,000 Legal Proceedings From time to time, the Company may not 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. $1,168,750 $1,487,500 September 30, 2018 December 31, 2017, $425,000 September 30, 2018 December 31, 2017 $743,750 $1,062,500, |
Note 10 - Subsequent Events
Note 10 - Subsequent Events | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 10: None |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
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 intangible 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 September 30, 2018 December 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 may September 30, 2018 December 31, 2017 Allowance for doubtful accounts $ 268,923 $ 471,144 |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Long-Lived Assets The Company accounts for long-lived assets in accordance with Accounting Standards Codification (“ASC”) Topic 360 10 05, 360 10 05 may no |
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. nine September 30, 2018, The Company's accounts receivable are due from customers, generally located in the United States, Europe, Asia, and Canada. None 10% September 30, 2018 December 31, 2017. not |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition The Company recognizes revenue on arrangements in accordance with ASC 2014 09, 606, 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 not third third third not |
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 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 months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Advertising expense $ 140,907 $ 84,302 $ 415,358 $ 254,446 |
Income Tax, Policy [Policy Text Block] | Income Taxes Income taxes are accounted for in accordance with the provisions of ASC Topic 740, no |
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 $1,125,000 nine September 30, 2018. $4,624,377 $3,925,523 September 30, 2018 December 31, 2017, $105,000 $426,146 three nine September 30, 2018, $193,935 $509,039 three nine September 30, 2017, |
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 Common stock awards The Company has granted common stock awards to non-employees in exchange for services provided. The Company measures the fair value of these awards using the fair value of the services provided or the fair value of the awards granted, whichever is more reliably measurable. The fair value measurement date of these awards is generally the date the performance of services is complete. The fair value of the awards is recognized on a straight-line basis as services are rendered. The share-based payments related to common stock awards for the settlement of services provided by non-employees is recorded on the consolidated statement of comprehensive loss in the same manner and charged to the same account as if such settlements had been made in cash. Warrants In connection with certain financing, consulting and collaboration arrangements, the Company has issued warrants to purchase shares of its common stock. The outstanding warrants are standalone instruments that are not not 6, |
Segment Reporting, Policy [Policy Text Block] | Segment Reporting The Company generated revenues from one three nine September 30, 2018 2017. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements In January 2017, 2017 04, 350 2017 04 December 15, 2019. January 1, 2017. In July 2018, 2018 09 may December 15, 2018. In January 2016, No. 2016‑01, Financial Instruments — Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. first 2019. In February 2016, 2016 02, Leases (Topic 842 ) January 2017. December 15, 2018, In January 2017, No. 2017 01, 805 not not not no In November 2016, No. 2016 18, Statement of Cash Flows (Topic 230 ): Restricted Cash December 15, 2017. January 1, 2018, no In May 2017, 2017 09, Compensation - Stock Compensation (Topic 718 : Scope of Modification Accounting 2016 09 718. December 15, 2017. January 1, 2018 no Other accounting pronouncements have been issued but deemed by management to be outside the scope of relevance to the Company. |
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 months ended September 30 Nine months ended September 30 2018 2017 2018 2017 Numerator: Net loss $ (1,963,137 ) $ (695,745 ) $ (4,783,640 ) $ (1,367,678 ) Denominator: Denominator for basic earnings per share--weighted average shares 66,177,101 65,520,434 66,019,709 65,356,201 Effect of dilutive securities- when applicable: Stock options - - - - Warrants - - - - Denominator for diluted earnings per share--adjusted weighted-average shares and assumed conversions 66,177,101 65,520,434 66,019,709 65,356,201 Loss per share: Basic $ (0.03 ) $ (0.01 ) $ (0.07 ) $ (0.02 ) Diluted $ (0.03 ) $ (0.01 ) $ (0.07 ) $ (0.02 ) Weighted-average anti-dilutive common share equivalents 29,229,427 17,091,949 26,043,047 16,579,396 |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment and Intangible Assets 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 and intangible assets consist of the following at: September 30, 2018 December 31, 2017 Computer equipment and software $ 437,302 $ 431,497 Office furniture and equipment 124,900 120,420 Leasehold improvements 290,360 292,640 Total (1) 852,562 844,557 Accumulated depreciation (2) (788,587 ) (775,152 ) Total $ 63,975 $ 69,405 (1) Includes 6,150 in foreign exchange translation (2) Includes (3,085) in foreign exchange translation Intangible assets $ 7,562,727 $ 6,437,726 Accumulated amortization (2,938,350 ) (2,512,203 ) Total $ 4,624,377 $ 3,925,523 Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Depreciation expense $ 10,035 $ 34,071 $ 35,747 $ 103,601 Amortization expense on intangible assets $ 105,000 $ 193,935 $ 426,146 $ 509,038 During the three nine September 30, 2018, $19,000 $2,000 $750. During the three nine September 30, 2017, $0 $7,500 $0 $1,700 $0 $800, |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, 2018 December 31, 2017 Allowance for doubtful accounts $ 268,923 $ 471,144 |
Schedule of Advertising Expense [Table Text Block] | Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Advertising expense $ 140,907 $ 84,302 $ 415,358 $ 254,446 |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three months ended September 30 Nine months ended September 30 2018 2017 2018 2017 Numerator: Net loss $ (1,963,137 ) $ (695,745 ) $ (4,783,640 ) $ (1,367,678 ) Denominator: Denominator for basic earnings per share--weighted average shares 66,177,101 65,520,434 66,019,709 65,356,201 Effect of dilutive securities- when applicable: Stock options - - - - Warrants - - - - Denominator for diluted earnings per share--adjusted weighted-average shares and assumed conversions 66,177,101 65,520,434 66,019,709 65,356,201 Loss per share: Basic $ (0.03 ) $ (0.01 ) $ (0.07 ) $ (0.02 ) Diluted $ (0.03 ) $ (0.01 ) $ (0.07 ) $ (0.02 ) Weighted-average anti-dilutive common share equivalents 29,229,427 17,091,949 26,043,047 16,579,396 |
Property, Plant and Equipment [Table Text Block] | September 30, 2018 December 31, 2017 Computer equipment and software $ 437,302 $ 431,497 Office furniture and equipment 124,900 120,420 Leasehold improvements 290,360 292,640 Total (1) 852,562 844,557 Accumulated depreciation (2) (788,587 ) (775,152 ) Total $ 63,975 $ 69,405 (1) Includes 6,150 in foreign exchange translation (2) Includes (3,085) in foreign exchange translation Intangible assets $ 7,562,727 $ 6,437,726 Accumulated amortization (2,938,350 ) (2,512,203 ) Total $ 4,624,377 $ 3,925,523 |
Depreciation Expense [Member] | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Depreciation expense $ 10,035 $ 34,071 $ 35,747 $ 103,601 Amortization expense on intangible assets $ 105,000 $ 193,935 $ 426,146 $ 509,038 |
Note 4 - Deferred Revenues (Tab
Note 4 - Deferred Revenues (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Contract with Customer, Asset and Liability [Table Text Block] | September 30, 2018 December 31, 2017 Deferred revenues $ 564,002 $ 299,937 |
Note 5 - Credit Facility and _2
Note 5 - Credit Facility and Loans (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | September 30, 2018 December 31, 2017 Agility Loan $ 625,000 $ 625,000 Amendment, added to balance 400,000 400,000 Principal Payment of Agility Loan (450,000 ) (425,000 ) Less: Loan repayment (575,000 ) - Balance $ - $ 600,000 September 30, 2018 December 31, 2017 SaaS Capital Loan, Total advances $ 10,253,000 $ 9,903,000 Principal Payment of SaaS Capital Loan (4,601,269 ) (2,198,616 ) Less: Deferred financing cost (151,649 ) (245,584 ) Less: SaaS Capital Loan, short term (3,501,487 ) (3,055,812 ) SaaS Capital Loan, long term $ 1,998,595 $ 4,402,988 September 30, 2018 December 31, 2017 Promissory Notes, Total $ 1,000,000 $ 1,000,000 Principal Payment of Promissory Notes (1,000,000 ) - Promissory Notes, Outstanding balance - 1,000,000 Less: Deferred Financing cost - (82,868 ) Less: Promissory Notes, short term - (649,194 ) Balance $ - $ 267,938 September 30, 2018 December 31, 2017 Total advances $ 6,000,000 $ - Principal Payment of Loan - - Less: Deferred financing cost (1,593,841 ) - Balance $ 4,406,159 $ - September 30, 2018 December 31, 2017 Promissory Notes, Total $ 2,000,000 $ - Principal Payment of Promissory Notes - - Promissory Notes, Outstanding Balance 2,000,000 - Less: Deferred Financing Cost (655,305 ) - Less: Related Party Portion (550,000 ) Balance $ 794,695 $ - September 30, 2018 December 31, 2017 Promissory Notes, Total $ 1,500,000 $ - Principal Payment of Promissory Notes - - Promissory Notes, Outstanding balance 1,500,000 - Less: Deferred financing cost (269,109 ) - Balance $ 1,230,891 $ - |
Schedule of Interest and Amortization Expense Line of Credit [Table Text Block] | Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Amortization expense associated with credit facility and loan $ 251,718 $ 64,560 $ 636,125 $ 180,204 Interest expense associated with credit facility and loan $ 422,051 $ 217,695 $ 1,133,678 $ 613,240 Other finance fees associated with credit facility and loan $ 4,646 $ 24,125 $ 45,886 $ 72,375 |
Note 6- Stockholders' Deficit (
Note 6- Stockholders' Deficit (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Share-based Compensation, Activity [Table Text Block] | Nine-month periods ended September 30, 2018 2017 Weighted-average grant date fair value $ - $ - Fair value of options, recognized as selling, general, and administrative expenses $ 23,298 $ 166,397 Number of options granted - - |
Note 7 - Comprehensive Loss (Ta
Note 7 - Comprehensive Loss (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Comprehensive Income (Loss) [Table Text Block] | Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Net loss $ (1,963,137 ) $ (695,745 ) $ (4,783,640 ) $ (1,367,678 ) Other comprehensive loss: Foreign currency translation adjustment (7,166 ) 12,841 (20,683 ) 32,098 Comprehensive loss $ (1,970,303 ) $ (682,904 ) $ (4,804,323 ) $ (1,335,580 ) |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | September 30, 2018 December 31, 2017 Accumulated other comprehensive loss $ (62,223 ) $ (41,540 ) |
Note 8 - Segments (Tables)
Note 8 - Segments (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 United States 64% 56% 62% 58% Europe 15% 18% 17% 20% Other 21% 26% 21% 22% |
Note 1 - Organization, Descri_2
Note 1 - Organization, Description of Business and Going Concern (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Working Capital (Deficit) | $ 2,024,625 | $ 2,024,625 | |||
Retained Earnings (Accumulated Deficit), Ending Balance | (36,326,324) | (36,326,324) | $ (31,542,684) | ||
Net Income (Loss) Attributable to Parent, Total | $ (1,963,137) | $ (695,745) | (4,783,640) | $ (1,367,678) | |
Net Cash Provided by (Used in) Operating Activities, Total | $ (2,769,540) | $ (956,766) |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) | 3 Months Ended | 6 Months Ended | 9 Months Ended | |||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Jun. 30, 2018 | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Restricted Cash and Cash Equivalents, Current, Total | $ 50,000 | $ 50,000 | $ 50,000 | |||
Cash, FDIC Insured Amount | 250,000 | 250,000 | ||||
Payments to Develop Software | 1,125,000 | $ 1,347,075 | ||||
Capitalized Computer Software, Net, Ending Balance | 4,624,377 | 4,624,377 | $ 3,925,523 | |||
Capitalized Computer Software, Amortization | 105,000 | $ 193,935 | $ 426,146 | $ 509,039 | ||
Number of Reportable Segments | 1 | 1 | ||||
Property, Plant and Equipment, Useful Life | 3 years | |||||
Proceeds from Sale of Productive Assets, Total | $ 750 | $ 795 | ||||
Computer Equipment [Member] | ||||||
Property, Plant and Equipment, Disposals | 19,000 | 0 | 19,000 | 7,500 | ||
Property, Equipment and Equipment, Net, Disposals | 2,000 | 2,000 | 1,700 | |||
Proceeds from Sale of Productive Assets, Total | $ 750 | $ 0 | $ 750 | $ 800 | ||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | ||||||
Concentration Risk, Percentage | 0.00% |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Accounts Receivable (Details) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Allowance for doubtful accounts | $ 268,923 | $ 471,144 |
Note 2 - Summary of Significa_5
Note 2 - Summary of Significant Accounting Policies - Advertising Costs (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Advertising expense | $ 140,907 | $ 84,302 | $ 415,358 | $ 254,446 |
Note 2 - Summary of Significa_6
Note 2 - Summary of Significant Accounting Policies - Basic and Diluted Earnings Per Share (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Numerator: | ||||
Net loss | $ (1,963,137) | $ (695,745) | $ (4,783,640) | $ (1,367,678) |
Denominator: | ||||
Denominator for basic earnings per share--weighted average shares (in shares) | 66,177,101 | 65,520,434 | 66,019,709 | 65,356,201 |
Effect of dilutive securities- when applicable: | ||||
Denominator for diluted earnings per share--adjusted weighted-average shares and assumed conversions (in shares) | 66,177,101 | 65,520,434 | 66,019,709 | 65,356,201 |
Loss per share: | ||||
Basic (in dollars per share) | $ (0.03) | $ (0.01) | $ (0.07) | $ (0.02) |
Diluted (in dollars per share) | $ (0.03) | $ (0.01) | $ (0.07) | $ (0.02) |
Weighted-average anti-dilutive common share equivalents (in shares) | 29,229,427 | 17,091,949 | 26,043,047 | 16,579,396 |
Employee Stock Option [Member] | ||||
Effect of dilutive securities- when applicable: | ||||
Effect of dilutive securities (in shares) | ||||
Warrant [Member] | ||||
Effect of dilutive securities- when applicable: | ||||
Effect of dilutive securities (in shares) |
Note 2 - Summary of Significa_7
Note 2 - Summary of Significant Accounting Policies - Property and Equipment (Details) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 | |
Computer equipment and software | [1] | $ 852,562 | $ 844,557 |
Accumulated depreciation (2) | [2] | (788,587) | (775,152) |
Total | 63,975 | 69,405 | |
Intangible assets | 7,562,727 | 6,437,726 | |
Accumulated amortization | (2,938,350) | (2,512,203) | |
Total | 4,624,377 | 3,925,523 | |
Software Development [Member] | |||
Computer equipment and software | 437,302 | 431,497 | |
Furniture and Fixtures [Member] | |||
Computer equipment and software | 124,900 | 120,420 | |
Leasehold Improvements [Member] | |||
Computer equipment and software | $ 290,360 | $ 292,640 | |
[1] | Includes 3,944 in foreign exchange translation | ||
[2] | Includes (3,085) in foreign exchange translation |
Note 2 - Summary of Significa_8
Note 2 - Summary of Significant Accounting Policies - Property and Equipment (Details) (Parentheticals) | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Foreign exchange translation | $ 6,150 |
Foreign exchange translation | $ (3,085) |
Note 2 - Summary of Significa_9
Note 2 - Summary of Significant Accounting Policies - Property and Equipment, Depreciation Expense (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Depreciation expense | $ 10,035 | $ 34,071 | $ 35,747 | $ 103,601 |
Amortization expense on intangible assets | $ 105,000 | $ 193,935 | $ 426,146 | $ 509,039 |
Note 4 - Deferred Revenues - De
Note 4 - Deferred Revenues - Deferred Revenues (Details) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Deferred revenues | $ 564,002 | $ 299,937 |
Note 5 - Credit Facility and _3
Note 5 - Credit Facility and Loans (Details Textual) - USD ($) | Aug. 31, 2018 | Jun. 15, 2018 | May 31, 2018 | Jan. 26, 2018 | Jan. 25, 2018 | Nov. 08, 2017 | Oct. 31, 2017 | Oct. 30, 2017 | Aug. 31, 2017 | Aug. 14, 2017 | May 10, 2017 | May 05, 2017 | Nov. 29, 2016 | May 05, 2016 | Mar. 11, 2016 | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2018 | Aug. 31, 2018 | Sep. 30, 2017 | May 31, 2018 | Sep. 30, 2016 | Jun. 30, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Jun. 13, 2018 | Jan. 31, 2018 | Nov. 09, 2017 | Dec. 31, 2016 | Jun. 30, 2016 |
Subordinated Debt, Ending Balance | $ 625,000 | |||||||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | $ 251,718 | $ 64,560 | $ 636,125 | $ 180,204 | ||||||||||||||||||||||||||||
Proceeds from Notes Payable, Total | 3,500,000 | 1,000,000 | ||||||||||||||||||||||||||||||
Repayments of Notes Payable | 1,000,000 | |||||||||||||||||||||||||||||||
Interest Paid, Excluding Capitalized Interest, Operating Activities | 1,133,678 | 613,240 | ||||||||||||||||||||||||||||||
Beedie Credit Agreement [Member] | Beedie Investments Limited [Member] | ||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 6,000,000 | |||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||||||||||||||||||||||||||||||
Debt Instrument, Fee Amount | $ 175,000 | |||||||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 7,000,000 | |||||||||||||||||||||||||||||||
Proceeds from Long-term Lines of Credit | $ 4,500,000 | |||||||||||||||||||||||||||||||
Debt Issuance Costs, Net, Total | $ 1,593,841 | 1,593,841 | 1,593,841 | |||||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 14,583 | 38,888 | 0 | |||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage, If Gross Margin Falls Below Specified Amount | 14.00% | |||||||||||||||||||||||||||||||
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.325% | |||||||||||||||||||||||||||||||
Debt Instrument, Accrued Interest Fee, Period | 2 years | |||||||||||||||||||||||||||||||
Debt Instrument, Debt Default, Interest Rate, Percentage | 18.00% | |||||||||||||||||||||||||||||||
SaaS Capital Loan [Member] | ||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.25% | |||||||||||||||||||||||||||||||
Debt Instrument, Fee Amount | $ 555,000 | $ 495,000 | $ 375,000 | $ 555,000 | $ 495,000 | |||||||||||||||||||||||||||
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 | 95,781 | 31,927 | 95,781 | ||||||||||||||||||||||||||||
Long-term Debt, Gross | 5,651,731 | 7,704,384 | 5,651,731 | 5,651,731 | 7,704,384 | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 8,000,000 | |||||||||||||||||||||||||||||||
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% | |||||||||||||||||||||||||||||||
Proceeds from Long-term Lines of Credit | $ 5,000,000 | |||||||||||||||||||||||||||||||
Repayments of Long-term Lines of Credit | 4,572,223 | |||||||||||||||||||||||||||||||
Line of Credit Facility, Commitment Fee Amount | $ 80,000 | 80,000 | ||||||||||||||||||||||||||||||
Debt Issuance Costs, Net, Total | $ 160,000 | |||||||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 13,333 | 40,000 | 13,333 | 40,000 | ||||||||||||||||||||||||||||
Payments of Financing Costs, Total | $ 169,000 | |||||||||||||||||||||||||||||||
Debt Instrument, Minimum Adjusted EBITDA | $ (170,000) | $ 0 | $ (150,000) | $ 0 | 0 | (150,000) | $ (50,000) | (100,000) | ||||||||||||||||||||||||
Debt Instrument, Minimum Liquidity Covenant for Cash Balance | $ 600,000 | |||||||||||||||||||||||||||||||
Debt Instrument, Additional Fee Amount | $ 120,000 | $ 120,000 | ||||||||||||||||||||||||||||||
Proceeds from Issuance of Subordinated Long-term Debt | 350,000 | |||||||||||||||||||||||||||||||
Repayments of Subordinated Debt, Total | $ 2,402,653 | |||||||||||||||||||||||||||||||
SaaS Capital Loan [Member] | Loan Modification [Member] | ||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | $ 10,000 | |||||||||||||||||||||||||||||||
Debt Instrument, Fee Amount | 120,000 | |||||||||||||||||||||||||||||||
Agility Loan Warrants [Member] | ||||||||||||||||||||||||||||||||
Debt Instrument, Fee Amount | $ 100,000 | |||||||||||||||||||||||||||||||
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) | 0 | 0 | 3,970 | |||||||||||||||||||||||||||||
Agility Loan Warrants 2 [Member] | ||||||||||||||||||||||||||||||||
Amortization of Debt Discount (Premium) | 9,791 | 0 | 29,372 | |||||||||||||||||||||||||||||
SaaS Warrants [Member] | ||||||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 200,000 | 1,333,333 | ||||||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | $ 0.45 | ||||||||||||||||||||||||||||||
Warrants and Rights Outstanding | $ 56,834 | |||||||||||||||||||||||||||||||
Amortization of Debt Discount (Premium) | 4,736 | 12,629 | 0 | |||||||||||||||||||||||||||||
Beedie Warrant [Member] | ||||||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 4,500,000 | |||||||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | |||||||||||||||||||||||||||||||
Warrants and Rights Outstanding | 1,099,861 | 1,099,861 | 1,099,861 | |||||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 91,655 | 244,413 | 0 | |||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Additional Securities Called by Warrants or Rights | 2,500,000 | |||||||||||||||||||||||||||||||
Beedie Warrant Amendment 1 [Member] | ||||||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 500,000 | 500,000 | ||||||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | $ 0.35 | ||||||||||||||||||||||||||||||
Warrants and Rights Outstanding | $ 120,330 | $ 120,330 | ||||||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 10,027 | 13,370 | 0 | |||||||||||||||||||||||||||||
Beedie Warrant Amendment 2 [Member] | ||||||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 100,000 | |||||||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | |||||||||||||||||||||||||||||||
Warrants and Rights Outstanding | $ 24,053 | |||||||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 2,004 | 2,672 | 0 | |||||||||||||||||||||||||||||
Beedie Warrant Amendment 3 [Member] | ||||||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 835,000 | 835,000 | ||||||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | $ 0.35 | ||||||||||||||||||||||||||||||
Warrants and Rights Outstanding | 412,484 | 412,484 | 412,484 | |||||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 11,458 | 11,458 | 0 | |||||||||||||||||||||||||||||
Class of Warrants or Right, Issued | 1,500,000 | 1,500,000 | ||||||||||||||||||||||||||||||
The 2018 Warrants [Member] | ||||||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 3,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | $ 0.35 | ||||||||||||||||||||||||||||||
Warrants and Rights Outstanding | $ 737,218 | $ 737,218 | ||||||||||||||||||||||||||||||
Warrants and Rights Outstanding, Term | 6 years | 6 years | ||||||||||||||||||||||||||||||
The 2018 Promissory Notes [Member] | ||||||||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 61,435 | 81,913 | 0 | |||||||||||||||||||||||||||||
August 2018 Warrants [Member] | ||||||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 1,500,000 | 1,500,000 | ||||||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | $ 0.35 | ||||||||||||||||||||||||||||||
Warrants and Rights Outstanding | $ 276,798 | $ 276,798 | ||||||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 7,689 | 7,689 | 0 | |||||||||||||||||||||||||||||
Warrants and Rights Outstanding, Term | 6 years | 6 years | ||||||||||||||||||||||||||||||
Subordinated Debt [Member] | ||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 625,000 | 625,000 | 625,000 | 625,000 | 625,000 | 625,000 | ||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | $ 25,000 | |||||||||||||||||||||||||||||||
Debt Instrument, Fee Amount | 125,000 | 130,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | |||||||||||||||||||||||||
Debt Instrument, Minimum Aggregate Interest in the Event of Prepayment | $ 50,000 | |||||||||||||||||||||||||||||||
Proceeds from Issuance of Long-term Debt, Total | 300,000 | |||||||||||||||||||||||||||||||
Long-term Debt, Fair Value | 606,034 | |||||||||||||||||||||||||||||||
Gain (Loss) on Extinguishment of Debt, Total | $ (106,034) | |||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | 581,000 | |||||||||||||||||||||||||||||||
Long-term Debt, Gross | 600,000 | $ 0 | 600,000 | |||||||||||||||||||||||||||||
Repayments of Subordinated Debt, Total | 575,000 | |||||||||||||||||||||||||||||||
The 2017 Promissory Notes [Member] | ||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 1,000,000 | |||||||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | |||||||||||||||||||||||||||||||
Warrants and Rights Outstanding | 104,676 | 104,676 | 104,676 | |||||||||||||||||||||||||||||
Amortization of Debt Discount (Premium) | 0 | $ 8,723 | 82,868 | $ 8,723 | ||||||||||||||||||||||||||||
Long-term Debt, Gross | 0 | 1,000,000 | 0 | 0 | 1,000,000 | |||||||||||||||||||||||||||
Debt Issuance Costs, Net, Total | 82,868 | 82,868 | ||||||||||||||||||||||||||||||
Proceeds from Notes Payable, Total | $ 1,000,000 | |||||||||||||||||||||||||||||||
Warrants and Rights Outstanding, Term | 3 years | |||||||||||||||||||||||||||||||
Repayments of Notes Payable | 1,074,000 | |||||||||||||||||||||||||||||||
Interest Paid, Excluding Capitalized Interest, Operating Activities | $ 65,000 | |||||||||||||||||||||||||||||||
August 2018 Promissory Notes [Member] | ||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | 1,500,000 | 1,500,000 | 1,500,000 | |||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% | ||||||||||||||||||||||||||||||
Long-term Debt, Gross | 1,500,000 | 1,500,000 | 1,500,000 | |||||||||||||||||||||||||||||
Debt Issuance Costs, Net, Total | 269,109 | 269,109 | 269,109 | |||||||||||||||||||||||||||||
Proceeds from Notes Payable, Total | $ 1,500,000 | |||||||||||||||||||||||||||||||
August 2018 Promissory Notes [Member] | Brand Credit Agreement Amendment 3 [Member] | ||||||||||||||||||||||||||||||||
Proceeds from Notes Payable, Total | $ 1,500,000 | |||||||||||||||||||||||||||||||
The 2018 Promissory Notes [Member] | ||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | 2,000,000 | 2,000,000 | 2,000,000 | |||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% | ||||||||||||||||||||||||||||||
Long-term Debt, Gross | 2,000,000 | 2,000,000 | 2,000,000 | |||||||||||||||||||||||||||||
Debt Issuance Costs, Net, Total | $ 655,305 | $ 655,305 | $ 655,305 | |||||||||||||||||||||||||||||
Proceeds from Notes Payable, Total | $ 500,000 | $ 1,500,000 |
Note 5 - Credit Facility and _4
Note 5 - Credit Facility and Loans - Line of Credit and Loans (Details) - USD ($) | 8 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2018 | Sep. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2018 | Jan. 25, 2018 | Nov. 08, 2017 | Mar. 11, 2016 | |
Beedie Credit Agreement [Member] | Beedie Investments Limited [Member] | |||||||
Loans | $ 6,000,000 | ||||||
Amendment, added to balance | $ 175,000 | ||||||
Principal Payment | |||||||
Less: Deferred financing cost | $ (1,593,841) | (1,593,841) | |||||
Principal Payment of Loan | |||||||
Balance | 4,406,159 | 4,406,159 | |||||
Subordinated Debt [Member] | |||||||
Loans | 625,000 | 625,000 | 625,000 | $ 625,000 | |||
Amendment, added to balance | 400,000 | 400,000 | 400,000 | $ 125,000 | $ 130,000 | ||
Principal Payment | (450,000) | (425,000) | |||||
Less: Loan repayment | (575,000) | ||||||
Balance | 600,000 | ||||||
Outstanding balance | 600,000 | $ 0 | |||||
Principal Payment of Loan | 450,000 | 425,000 | |||||
SaaS Capital Loan [Member] | |||||||
Loans | 10,253,000 | 10,253,000 | 9,903,000 | ||||
Principal Payment | (4,601,269) | (2,198,616) | |||||
Balance | 1,998,595 | 1,998,595 | 4,402,988 | ||||
Less: Deferred financing cost | (151,649) | (151,649) | (245,584) | ||||
Less: short term | (3,501,487) | (3,501,487) | (3,055,812) | ||||
Principal Payment of Loan | 4,601,269 | 2,198,616 | |||||
The 2017 Promissory Notes [Member] | |||||||
Loans | 1,000,000 | 1,000,000 | 1,000,000 | ||||
Principal Payment | (1,000,000) | ||||||
Balance | 267,938 | ||||||
Less: Deferred financing cost | (82,868) | ||||||
Less: short term | (649,194) | ||||||
Outstanding balance | 0 | 0 | 1,000,000 | ||||
Principal Payment of Loan | 1,000,000 | ||||||
The 2018 Promissory Notes [Member] | |||||||
Loans | 2,000,000 | 2,000,000 | |||||
Principal Payment | |||||||
Balance | 794,695 | 794,695 | |||||
Less: Deferred financing cost | (655,305) | (655,305) | |||||
Outstanding balance | 2,000,000 | 2,000,000 | |||||
Principal Payment of Loan | |||||||
Less: Related Party Portion | (550,000) | (550,000) | |||||
Balance | 550,000 | 550,000 | |||||
August 2018 Promissory Notes [Member] | |||||||
Loans | 1,500,000 | 1,500,000 | |||||
Principal Payment | |||||||
Less: Deferred financing cost | (269,109) | (269,109) | |||||
Outstanding balance | 1,500,000 | 1,500,000 | |||||
Principal Payment of Loan | |||||||
Less: Related Party Portion | (1,230,891) | (1,230,891) | |||||
Balance | $ 1,230,891 | $ 1,230,891 |
Note 5 - Credit Facility and _5
Note 5 - Credit Facility and Loans - Estimated Future Amortization Expense (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Amortization expense associated with credit facility and loan | $ 251,718 | $ 64,560 | $ 636,125 | $ 180,204 |
Interest expense associated with credit facility and loan | 422,051 | 217,695 | 1,133,678 | 613,240 |
Other finance fees associated with credit facility and loan | $ 4,646 | $ 24,125 | $ 45,886 | $ 72,375 |
Note 6- Stockholders' Deficit_2
Note 6- Stockholders' Deficit (Details Textual) | 2 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2018USD ($)$ / sharesshares | Sep. 30, 2018USD ($)$ / sharesshares | Sep. 30, 2017USD ($)shares | Sep. 30, 2018USD ($)$ / sharesshares | Sep. 30, 2017USD ($)shares | Dec. 31, 2017USD ($)$ / sharesshares | Sep. 01, 2018USD ($) | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 0 | 0 | 2,400,000 | ||||
Stock Issued During Period, Shares, Stock Options Exercised, Noncash | 1,707,692 | ||||||
Common Stock, Shares, Issued, Total | 66,179,709 | 66,179,709 | 66,179,709 | 66,179,709 | |||
Common Stock, Shares, Outstanding, Ending Balance | 65,939,709 | 65,939,709 | 65,939,709 | 65,939,709 | |||
Allocated Share-based Compensation Expense, Total | $ | $ 101,836 | $ 125,867 | $ 229,400 | $ 377,600 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised | 225,000 | 225,000 | |||||
Stock Issued During Period, Shares, Warrants Exercised, Noncash | 0 | 160,096 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 46,875 | 46,875 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 7,237,500 | 7,237,500 | 7,237,500 | 8,302,500 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ / shares | $ 0.40 | $ 0.40 | $ 0.40 | $ 0.40 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total | $ | $ 18,457 | $ 18,457 | $ 18,457 | ||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 24 years | ||||||
Warrants Related to Loans 1 [Member] | |||||||
Class of Warrant or Right, Issued During Period | 3,835,000 | ||||||
Warrants and Rights Outstanding | $ | 689,281 | $ 689,281 | $ 689,281 | ||||
Warrants Related to Loans 2 [Member] | |||||||
Class of Warrant or Right, Issued During Period | 12,135,000 | ||||||
Warrants and Rights Outstanding | $ | 2,727,577 | $ 2,727,577 | $ 2,727,577 | ||||
Warrants Issued to Employees, 1 [Member] | |||||||
Class of Warrant or Right, Issued During Period | 1,000,000 | 1,500,000 | |||||
Warrants and Rights Outstanding | $ | $ 204,730 | ||||||
Warrants Issued to the 2017 Lenders [Member] | |||||||
Class of Warrant or Right, Issued During Period | 1,000,000 | 1,000,000 | |||||
Stock Warrants Issued to Employees [Member] | |||||||
Warrants and Rights Outstanding | $ | $ 104,676 | ||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 0.35 | ||||||
Warrants Issued to Employees, 2 [Member] | |||||||
Warrants and Rights Outstanding | $ | $ 204,730 | $ 204,730 | $ 204,730 | ||||
Warrant [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 58,824 | 58,824 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised | 0 | 0 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 335,891 | 335,891 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number, Ending Balance | 25,045,517 | 25,045,517 | 25,045,517 | 11,469,341 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance | $ / shares | $ 0.53 | $ 0.53 | $ 0.53 | $ 0.74 | |||
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 | 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 | $ 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 | 4 | |||||
Allocated Share-based Compensation Expense, Total | $ | $ 30,000 | $ 30,000 | |||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ | $ 0 | $ 0 | $ 0 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | 90,000 | 90,000 | 90,000 | ||||
Restricted Stock [Member] | Non-employee Directors [Member] | The 2017 Stock Award [Member] | |||||||
Allocated Share-based Compensation Expense, Total | $ | $ 30,000 | $ 60,000 |
Note 6 - Stockholders' Deficit
Note 6 - Stockholders' Deficit - Additional Information Stock Options (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Weighted-average grant date fair value (in dollars per share) | ||
Number of options granted (in shares) | ||
Selling, General and Administrative Expenses [Member] | ||
Fair value of options, recognized as selling, general, and administrative expenses | $ 23,298 | $ 166,397 |
Note 7 - Comprehensive Loss - R
Note 7 - Comprehensive Loss - Reconciliation From Net Loss to Comprehensive Loss (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net loss | $ (1,963,137) | $ (695,745) | $ (4,783,640) | $ (1,367,678) |
Other comprehensive loss: | ||||
Foreign currency translation adjustment | (7,166) | 12,841 | (20,683) | 32,098 |
Comprehensive loss | $ (1,970,303) | $ (682,904) | $ (4,804,323) | $ (1,335,580) |
Note 7 - Comprehensive Loss - A
Note 7 - Comprehensive Loss - Accumulated Other Comprehensive Loss (Details) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Accumulated other comprehensive loss | $ (62,223) | $ (41,540) |
Note 8 - Segments (Details Text
Note 8 - Segments (Details Textual) | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
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 | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
UNITED STATES | ||||
Percentage of sales | 64.00% | 56.00% | 62.00% | 58.00% |
Europe [Member] | ||||
Percentage of sales | 15.00% | 18.00% | 17.00% | 20.00% |
Other [Member] | ||||
Percentage of sales | 21.00% | 26.00% | 21.00% | 22.00% |
Note 9 - Commitments and Cont_2
Note 9 - Commitments and Contingencies (Details Textual) | Mar. 01, 2018USD ($)ft² | Nov. 29, 2016USD ($)$ / sharesshares | Oct. 31, 2016USD ($) | Jul. 31, 2014USD ($) | Jul. 31, 2014GBP (£) | Dec. 31, 2016USD ($) | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) | Jul. 30, 2014 |
Estimated Litigation Liability | $ 1,168,750 | $ 1,487,500 | |||||||
Common Stock Issued and Outstanding Percentage Decrease | 3.00% | ||||||||
Gain (Loss) Related to Litigation Settlement, Total | $ (2,200,000) | ||||||||
Accounts Payable and Accrued Liabilities [Member] | |||||||||
Estimated Litigation Liability | 425,000 | ||||||||
Other Noncurrent Liabilities [Member] | |||||||||
Estimated Litigation Liability | $ 743,750 | $ 1,062,500 | |||||||
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 | ||||||||
Payments For Legal Settlements, Installment Terms | 48 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period | shares | 6,600,000 | ||||||||
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] | |||||||||
Additional Area of Land | ft² | 1,332 | ||||||||
Area of Land | ft² | 11,728 | ||||||||
Office Space In Newport Beach California [Member] | Minimum [Member] | |||||||||
Operating Lease Monthly Rent | $ 38,702 | ||||||||
Office Space In Newport Beach California [Member] | Maximum [Member] | |||||||||
Operating Lease Monthly Rent | $ 44,566 | ||||||||
Sublease in Newport Beach [Member] | |||||||||
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 | $ 115,000 | £ 89,667 | |||||||
Lessee, Operating Lease, Term of Contract | 5 years | ||||||||
Operating Lease Service Charges | $ 56,000 | £ 45,658 |