Document And Entity Information
Document And Entity Information - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Feb. 28, 2019 | Jun. 30, 2018 | |
Document Information [Line Items] | |||
Entity Registrant Name | Intrusion Inc | ||
Entity Central Index Key | 0000736012 | ||
Trading Symbol | intz | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | true | ||
Entity Common Stock, Shares Outstanding (in shares) | 13,515,236 | ||
Entity Public Float | $ 15,043 | ||
Entity Shell Company | false | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2018 | ||
Document Fiscal Year Focus | 2018 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Current Assets: | ||
Cash and cash equivalents | $ 1,652,000 | $ 224,000 |
Accounts receivable | 1,967,000 | 962,000 |
Inventories | 15,000 | |
Prepaid expenses | 91,000 | 89,000 |
Total current assets | 3,710,000 | 1,290,000 |
Property and Equipment: | ||
Equipment | 2,043,000 | 1,721,000 |
Furniture and fixtures | 43,000 | 43,000 |
Leasehold improvements | 63,000 | 55,000 |
2,149,000 | 1,819,000 | |
Accumulated depreciation and amortization | (1,828,000) | (1,695,000) |
321,000 | 124,000 | |
Other assets | 38,000 | 38,000 |
TOTAL ASSETS | 4,069,000 | 1,452,000 |
Current Liabilities: | ||
Accounts payable, trade | 193,000 | 194,000 |
Accrued expenses | 1,403,000 | 988,000 |
Dividends payable | 594,000 | 447,000 |
Obligations under capital lease, current portion | 58,000 | 44,000 |
Deferred revenue | 1,004,000 | 406,000 |
Total current liabilities | 3,252,000 | 2,079,000 |
Loan payable to officer | 1,815,000 | 2,865,000 |
Obligations under capital lease, noncurrent portion | 64,000 | 17,000 |
Commitments and contingencies | ||
Stockholders’ Deficit: | ||
Common stock | 133,000 | 128,000 |
Common stock held in treasury, at cost—10 shares | (362,000) | (362,000) |
Additional paid-in-capital | 56,609,000 | 56,518,000 |
Accumulated deficit | (59,242,000) | (61,529,000) |
Accumulated other comprehensive loss | (43,000) | (107,000) |
Total stockholders’ deficit | (1,062,000) | (3,509,000) |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | 4,069,000 | 1,452,000 |
Series 1 Preferred Stock [Member] | ||
Stockholders’ Deficit: | ||
Preferred stock | 707,000 | 707,000 |
Series 2 Preferred Stock [Member] | ||
Stockholders’ Deficit: | ||
Preferred stock | 724,000 | 724,000 |
Series 3 Preferred Stock [Member] | ||
Stockholders’ Deficit: | ||
Preferred stock | $ 412,000 | $ 412,000 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares shares in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized (in shares) | 5,000 | 5,000 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 80,000 | 80,000 |
Common stock, shares issued (in shares) | 13,259 | 12,808 |
Common stock, shares outstanding (in shares) | 13,249 | 12,798 |
Common stock held in treasury, at cost, shares (in shares) | 10 | 10 |
Series 1 Preferred Stock [Member] | ||
Preferred stock, shares issued (in shares) | 200 | 200 |
Preferred stock, shares outstanding (in shares) | 200 | 200 |
Preferred stock, liquidation preference (in dollars per share) | $ 1,213 | $ 1,163 |
Series 2 Preferred Stock [Member] | ||
Preferred stock, shares issued (in shares) | 460 | 460 |
Preferred stock, shares outstanding (in shares) | 460 | 460 |
Preferred stock, liquidation preference (in dollars per share) | $ 1,385 | $ 1,328 |
Series 3 Preferred Stock [Member] | ||
Preferred stock, shares issued (in shares) | 289 | 289 |
Preferred stock, shares outstanding (in shares) | 289 | 289 |
Preferred stock, liquidation preference (in dollars per share) | $ 760 | $ 728 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) shares in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Net product revenue | $ 10,276,000 | $ 6,862,000 |
Cost of revenue | 3,847,000 | 2,824,000 |
Gross profit | 6,429,000 | 4,038,000 |
Operating expenses: | ||
Sales and marketing | 1,604,000 | 1,531,000 |
Research and development | 1,237,000 | 2,162,000 |
General and administrative | 1,112,000 | 1,094,000 |
Operating income (loss) | 2,476,000 | (749,000) |
Interest expense, net | (189,000) | (209,000) |
Other income | 928,000 | |
Income (loss) from operations before income taxes | 2,287,000 | (30,000) |
Income tax provision | ||
Net income (loss) | 2,287,000 | (30,000) |
Preferred stock dividends accrued | (139,000) | (139,000) |
Net income (loss) attributable to common stockholders | $ 2,148,000 | $ (169,000) |
Net income (loss) per share attributable to common stockholders, basic (in dollars per share) | $ 0.16 | $ (0.01) |
Net income (loss) per share attributable to common stockholders, diluted (in dollars per share) | $ 0.14 | $ (0.01) |
Weighted average common shares outstanding: | ||
Basic (in shares) | 13,049 | 12,836 |
Diluted (in shares) | 15,063 | 12,836 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Deficit - USD ($) shares in Thousands | Preferred Stock [Member] | Common Stock [Member] | Treasury Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance, beginning of year and end of year (in shares) | 949 | 12,758 | |||||
Balance, beginning of year and end of year (in shares) at Dec. 31, 2016 | 949 | 12,758 | |||||
Balance, beginning of year and end of year at Dec. 31, 2016 | $ 1,843,000 | $ 128,000 | $ 56,595,000 | $ (61,499,000) | $ (107,000) | ||
Stock-based compensation | 18,000 | ||||||
Exercise of stock options (in shares) | 50 | 50 | |||||
Exercise of stock options | $ 11,000 | ||||||
Balance, end of year (in shares) at Dec. 31, 2017 | 949 | 12,808 | (362) | 56,518 | |||
Preferred stock dividends declared, net of waived penalties by shareholders | $ (106,000) | ||||||
Balance, end of year at Dec. 31, 2017 | $ 1,843,000 | $ 128,000 | $ 56,518,000 | (61,529,000) | (107,000) | $ (3,509,000) | |
Balance, beginning of year and end of year (in shares) | 949 | 12,808 | (362) | 56,518 | |||
Net income (loss) | (30,000) | (30,000) | |||||
Extinguishment of U.K. cumulative translation adjustment | |||||||
Balance, beginning of year and end of year (in shares) | 949 | 12,808 | (362) | 56,518 | |||
Stock-based compensation | $ 20,000 | ||||||
Exercise of stock options (in shares) | 451 | 451 | |||||
Exercise of stock options | $ 5,000 | $ 163,000 | |||||
Balance, end of year (in shares) at Dec. 31, 2018 | 13,259 | (362) | 56,609 | ||||
Preferred stock dividends declared, net of waived penalties by shareholders | $ (92,000) | ||||||
Balance, end of year at Dec. 31, 2018 | $ 133,000 | (59,242,000) | (43,000) | $ (1,062,000) | |||
Balance, beginning of year and end of year (in shares) | 949 | 12,808 | (362) | 56,609 | |||
Net income (loss) | $ 2,287,000 | 2,287,000 | |||||
Extinguishment of U.K. cumulative translation adjustment | $ 64,000 | $ 64,000 | |||||
Balance, beginning of year and end of year (in shares) | 13,259 | (362) | 56,609 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Operating Activities: | ||
Net income (loss) | $ 2,287,000 | $ (30,000) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Depreciation and amortization | 133,000 | 206,000 |
Stock-based compensation | 20,000 | 18,000 |
Penalties and waived penalties on dividends | 47,000 | 33,000 |
Extinguishment of U.K. cumulative translation adjustment | 64,000 | |
Gain on sale of investment | (56,000) | |
Changes in operating assets and liabilities: | ||
Accounts receivable | (1,005,000) | (217,000) |
Inventories | 15,000 | 30,000 |
Prepaid expenses and other assets | (2,000) | (14,000) |
Accounts payable and accrued expenses | 421,000 | 291,000 |
Deferred revenue | 598,000 | 11,000 |
Net cash provided by operating activities | 2,578,000 | 272,000 |
Investing Activities: | ||
Proceeds from sale of investments | 56,000 | |
Purchases of property and equipment | (202,000) | (20,000) |
Net cash provided by (used in) investing activities | (202,000) | 36,000 |
Financing Activities: | ||
Borrowings on loan from officer | 150,000 | 1,870,000 |
Payments on loans from officer | (1,200,000) | (1,890,000) |
Principal payments on capital lease equipment | (66,000) | (139,000) |
Proceeds from stock options exercised | 168,000 | 11,000 |
Net cash used in financing activities | (948,000) | (148,000) |
Net increase in cash and cash equivalents | 1,428,000 | 160,000 |
Cash and cash equivalents at beginning of year | 224,000 | 64,000 |
Cash and cash equivalents at end of year | 1,652,000 | 224,000 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Interest paid on leased assets | 3,000 | 6,000 |
Income taxes paid | ||
SUPPLEMENTAL DISCLOSURE OF NON CASH FINANCING ACTIVITIES: | ||
Preferred stock dividends accrued | 139,000 | 139,000 |
Purchase of equipment through capital lease | $ 128,000 |
Note 1 - Description of Busines
Note 1 - Description of Business | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | 1. We develop, market, and support a family of entity identification, data mining, regulated information compliance and data privacy protection. Our product families include: TraceCop for identity identification, Savant for data mining and advanced persistent threat detection and Compliance Commander for regulated information and data privacy protection. Intrusion’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks. We market and distribute our products through a direct sales force to end-users, distributors and numerous system integrators, managed service providers and value-added resellers. Our end-user customers include banks, credit unions, other financial institutions, U.S. federal government entities, foreign government entities, hospitals and other healthcare providers. Essentially, our end-users can be defined as end-users requiring network security solutions for protecting their mission critical data. References to the “Company”, “we”, “us”, “our”, “Intrusion” or “Intrusion Inc.” refer to Intrusion Inc. and its subsidiaries. Compliance Commander™ and TraceCop™ are registered trademarks of Intrusion Inc. As of December 31, 2018, $1,652,000, $224,000 December 31, 2017. $2,287,000 December 31, 2018 $30,000 December 31, 2017. 2017 928,000, $872,000 $56,000 February 28, 2019, $885,000 $2.7 March 31, 2020. may not may not not may |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | 2. Principles of Consolidation Our consolidated financial statements include our accounts and those of our wholly owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. Cash and Cash Equivalents Cash and all highly liquid investments purchased with an original maturity of less than three Risk Concentration Financial instruments, which potentially subject us to concentrations of credit risk, are primarily cash and cash equivalents, investments and accounts receivable. Cash and cash equivalent deposits are at risk to the extent that they exceed Federal Deposit Insurance Corporation insured amounts. To minimize risk, we place our investments in U.S. government obligations, corporate securities and money market funds. Substantially all of our cash, cash equivalents and investments are maintained with two not not We sell our products to customers primarily in the United States. In the future, we may no Accounts Receivable and Allowance for Doubtful Accounts Trade accounts receivable are stated at the amount we expect to collect. We maintain allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. Management considers the following factors when determining the collectability of specific customer accounts: customer credit-worthiness, past transaction history with the customer, current economic industry trends, and changes in customer payment terms. If the financial condition of our customers were to deteriorate, adversely affecting their ability to make payments, additional allowances would be required. Based on management’s assessment, we provide for estimated uncollectible amounts through a charge to earnings and an increase to a valuation allowance. Balances that remain outstanding after we have used reasonable collection efforts are written off through a charge to the valuation allowance. There was no December 31, 2018 2017. Property and Equipment Equipment and furniture and fixtures are stated at cost less accumulated depreciation and depreciated on a straight-line basis over the estimated useful lives of the assets. Such lives vary from 1 5 2 5 $133,000 $206,000 December 31, 2018 2017, Long-Lived Assets We review long-lived assets, including property and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not December 31, 2018 2017, no Foreign Currency All assets and liabilities in the balance sheets of foreign subsidiaries whose functional currency is other than the U.S. dollar are translated at year-end exchange rates. All revenues and expenses in the statement of operations of these foreign subsidiaries are translated at average exchange rates for the year. Translation gains and losses are not not Accounting for Stock Options We account for stock options using the guidance in Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) Topic 718. 718 Stock-based compensation expense recognized in the statements of operations for the years ended 2018 2017 718 Valuation Assumptions The fair values of option awards were estimated at the date of grant using a Black-Scholes option-pricing model with the following assumptions for fiscal years ended December 31, 2018 2017, 201 8 2017 Weighted average grant date fair value $ 0.49 $ 0.26 Weighted average assumptions used: Expected dividend yield 0.00 % 0.00 % Risk-free interest rate 0.83 % 1.77 % Expected volatility 225.21 % 75.46 % Expected life (in years) 4.91 5.00 Expected volatility is based on historical volatility and in part on implied volatility. The expected term considers the contractual term of the option as well as historical exercise and forfeiture behavior. The risk-free interest rate is based on the rates in effect on the grant date for U.S. Treasury instruments with maturities matching the relevant expected term of the award. Net Loss Per Share We report two December 31, 2018 2017 December 31, 2018 2017 zero 2,941,861, Revenue Recognition On January 1, 2018 No. 2014 09, Revenue from Contracts with Customers no No. 2014 09 not December 31, 2018. We generally recognize product revenue upon shipment or after meeting certain performance obligations. These products can include hardware, perpetual software licenses and data sets. Data set updates are the majority of our sales. We do not not We recognize sales of our data sets in accordance with FASB ASC Topic 606 not five i) identify the contract with a customer; ii) identify the performance obligations in the contract; iii) determine the transaction price; iv) allocate the transaction price to the separate performance obligations; and v) recognize revenue upon satisfaction of a performance obligation. Data updates are typically done monthly and revenue will be matched accordingly. Product sales may may one Service revenue, primarily including maintenance, training and installation are recognized upon delivery of the service and typically are unrelated to product sales. To date, training and installation revenue has not Our normal payment terms offered to customers, distributors and resellers are net 30 45 not one not Shipping and handling costs are billed to the customer and included in product revenue. Shipping and handling expenses are included in cost of product revenue. We have elected to account for shipping and handling costs as fulfillment costs after the customer obtains control of the goods. Research and Development Costs We incur research and development costs that relate primarily to the development of new security software, appliances and integrated solutions, and major enhancements to existing services and products. Research and development costs are comprised primarily of salaries and related benefits expenses, contract labor and prototype and other related expenses. Software development costs are included in research and development and are expensed as incurred. FASB ASC Topic 350 Intangibles—Goodwill and Other not Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Estimates are used for, but not Fair Value of Financial Instruments We calculate the fair value of our assets and liabilities which qualify as financial instruments and include additional information in the notes to consolidated financial statements when the fair value is different than the carrying value of these financial instruments. The estimated fair value of accounts receivable, accounts payable and accrued expenses, and dividends payable approximate their carrying amounts due to the relatively short maturity of these instruments. Loans payable to officer are with a related party and as a result do not not third None Income Taxes Deferred income taxes are determined using the liability method in accordance with FASB ASC 740, Accounting for Income Taxes not not FASB ASC 740 740 no We file income tax returns in the United States federal jurisdiction. At December 31, 2018, December 31, 2015 December 31, 2017 No not December 31, 2018 2017. December 22, 2017, 39% 21% January 1, 2018. Recent Accounting Pronouncements In February 2016, No. 2016 02, Leases (Topic 842 2016 02 first 2019 not |
Note 3 - Accrued Expenses (In T
Note 3 - Accrued Expenses (In Thousands) | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | 3. Accrued Expenses (in thousands) December 31, 201 8 201 7 Accrued payroll $ 154 $ 131 Accrued vacation 310 284 Rent payable 191 139 Accrued interest, related party 479 348 Other 269 86 $ 1,403 $ 988 |
Note 4 - Commitments and Contin
Note 4 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 4. Leases We lease office space for our corporate headquarters in Richardson, Texas under an operating lease, the base term of which expires in November 2024. two one two The Company’s lease for the headquarters facility contains escalation provisions. The Company records rent expense on facility leases on a straight-line basis. Rent expense totaled approximately $316,000 $350,000 December 31, 2018 2017, Future minimum rental payments under these leases as of December 31, 2018 Year ending December 31, Minimum 2019 $ 284 2020 354 2021 358 2022 and thereafter 1,100 $ 2,096 We have capital lease obligations that consist primarily of computer equipment. Future minimum payments under these leases as of December 31, 2018 Year ending December 31, Capital Lease 2019 $ 62 2020 45 2021 21 2022 and thereafter — 128 Less amounts representing interest (6 ) $ 122 Legal Proceedings We are subject to legal proceedings and claims that arise in the ordinary course of business. We do not no not We are not December 31, 2018. |
Note 5 - Employee Benefit Plan
Note 5 - Employee Benefit Plan | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Pension and Other Postretirement Benefits Disclosure [Text Block] | 5. Employee 401 We have a plan known as the Intrusion Inc. 401 401 Employees may 1% 25% 50 may $0.25 $1.00 first 4% $30,000 $30,000, December 31, 2018 2017. |
Note 6 - Borrowings From Office
Note 6 - Borrowings From Officer | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 6 . Borrowings from Officer On February 9, 2017, $3,400,000 may $3,400,000 March 2019. On March 2, 2017, $3,700,000 March 2019. On February 8, 2018, $3,700,000 may $3,700,000 March 2020. On February 7, 2019, $2,700,000 may $2,700,000 March 2021. Amounts borrowed under the CEO Note officer accrue interest at a floating rate per annum equal to Silicon Valley Bank’s (“SVB”) prime rate plus 1% 6.5% December 31, 2018). March 31, 2021. December 31, 2018, $1,815,000 $479,000. |
Note 7 - Income Taxes
Note 7 - Income Taxes | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 7 . Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of our deferred tax assets (liabilities) as of December 31, 2018 2017 December 31 201 8 201 7 Net operating loss carryforwards $ 20,720 $ 21,175 Net operating loss carryforwards of foreign subsidiaries 374 374 Depreciation expense 4 (14 ) Stock-based compensation expense 28 25 Other 78 94 Deferred tax assets 21,204 21,654 Valuation allowance for deferred tax assets (21,204 ) (21,654 ) Deferred tax assets, net of allowance $ — $ — Deferred tax assets are required to be reduced by a valuation allowance if it is more likely than not not 2018 2017. The differences between the provision for income taxes and income taxes computed using the federal statutory rate for the years ended December 31, 2018 2017 201 8 201 7 Reconciliation of income tax benefit to statutory rate: Income benefit at statutory rate $ 480 $ (10 ) State income taxes (benefit), net of federal income tax benefit 57 1 RTP (ISO expense) 3 — Permanent differences (91 ) 11 Change in valuation allowance (450 ) (11,478 ) Remeasurment of Deferreds — 11,476 Other 1 — $ — $ — At December 31, 2018, $86.0 2022 382. |
Note 8 - Stock Options
Note 8 - Stock Options | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 8 . Stock Options At December 31, 2018, two On March 17, 2005, 2005 “2005 June 14, 2005. 2005 750,000 2005 May 30, 2007, 2005 750,000 1,500,000 may 2005 May 29, 2008 May 21, 2009, 500,000 may 2005 2,500,000 May 20, 2010, 500,000 may 2005 3,000,000 May 19, 2011, 400,000 may 2005 3,400,000 May 17, 2012, 300,000 may 2005 3,700,000 December 31, 2018, 1,269,735 1,117,600 3,892,000 2005 1,504,665 2005 June 14, 2015, no On March 19, 2015, 2015 “2015 May 14, 2015. 2015 2005 June 14, 2015. 2015 no 2005 2005 not 2005 2015 600,000 2015 The 2015 three 10,000 not three 3 8,000 three December 31, 2018, no 117,000 120,000 2015 3,000 483,000 No Common shares reserved for future issuance, including conversions of preferred stock, outstanding options and options available for future grant under all of the stock option plans totaled 2,785,042 December 31, 2018 (In thousands) Common Shares Preferred Stock 1,067 2015 Plan 600 2005 Plan 1,118 Total 2,785 The Compensation Committee of our Board of Directors determines for all employee options, the term of each option, option exercise price within limits set forth in the plans, number of shares for which each option is granted and the rate at which each option is exercisable (generally ratably over one three five may not 110% 10% ten five 10% Stock Incentive Plan Summary A summary of our stock option activity and related information for the years ended December 31, 2018 2017 201 8 201 7 Number of Weighted Number of Weighted Outstanding at beginning of year 1,746 $ 0.68 2,254 $ 0.64 Granted at price = market value 24 1.15 24 0.42 Granted at price > market value — — — — Exercised (451 ) 0.37 (50 ) 0.22 Forfeited — — — — Expired (84 ) 0.22 (482 ) 0.55 Outstanding at end of year 1,235 $ 0.83 1,746 $ 0.68 Options exercisable at end of year 1,172 $ 0.84 1,662 $ 0.68 Stock Options Outstanding and Exercisable Information related to stock options outstanding at December 31, 2018, Options Outstanding Options Exercisable Range of Exercise Prices Outstanding at 8 (in Weighted Weighted Exercisable at 8 (in Weighted $ 0.28 - $0.50 572 2.79 $ 0.39 533 $ 0.39 $ 0.51 - $1.00 361 2.52 $ 0.68 361 $ 0.68 $ 1.01 - $2.73 302 4.36 $ 1.86 278 $ 1.92 1,235 3.09 $ 0.83 1,172 $ 0.84 Summarized information about outstanding stock options as of December 31, 2018, Outstanding Stock Options that are As of December 31, 201 8 Number of outstanding options (in thousands) 1,229 1,172 Weighted average remaining contractual life 3.07 2.80 Weighted average exercise price per share $ 0.83 $ 0.84 Intrinsic value (in thousands) $ 3,092 $ 2,940 * Includes effects of expected forfeitures As of December 31, 2018, not $16 1.01 |
Note 9 - Preferred Stock
Note 9 - Preferred Stock | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Preferred Stock [Text Block] | 9. 5% On March 25, 2004, $5.0 5% 1,000,000 5% $5.00 $5.0 $275,000 5% 1,590,331 $3.144 5% 140,000 60,000 The 5% 5% March September September 2004. 5% 1.5903 5% $5.00 5% All warrants previously issued to 5% We have the right to redeem any or all of the outstanding 5% $5.00 At December 31, 2018, 200,000 1 318,065 Series 2 5% On March 28, 2005, $2.7 2 5% 1,065,200 $2.50 $2.7 $173,000 2 5% 1,065,200 $2.50 2 5% 260,000 100,000 60,000 The 5% 2 5% first March, June, September December June 2005. $2.50 2 5% 5% 2 5% not All warrants previously issued to Series 2 5% Holders of Series 2 5% 1 $3.25 $2.50 2 2 5% 3 2 5% At December 31, 2018 460,000 2 460,000 Series 3 5% On December 2, 2005, $1.2 3 5% 564,607 $2.18 $1.2 $100,000 3 5% 564,607 $2.18 3 5% 123,853 68,808 27,523 The 5% 3 5% first March, June, September December March 1, 2006. $2.18 3 5% 5% 2 5% 3 5% not All warrants previously issued to Series 3 5% Holders of Series 3 5% 1 $2.834 $2.18 2 3 5% 3 3 5% At December 31, 2018 289,377 3 289,377 Dividends Payable During the year ended December 31, 2018, $50,000 5% $57,000 2 5% $32,000 3 5% December 31, 2018 2017, $594,000 $447,000 may no December 31, 2014. December 31, 2018, 18% 2 3 |
Note 10 - Concentrations
Note 10 - Concentrations | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | 10. Our operations are concentrated in one 83.9% 2018 81.6% 2017. 2018 61.4% four 2017 58.8% three December 31, 2018 four December 31, 2017 10% 48.9% 65.2% 2018 2017 14.1% one December 31, 2018 one December 31, 2017 10% 10.1% 15% not not |
Note 11 - Contract Assets and C
Note 11 - Contract Assets and Contract Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 11. Contract Assets and Contract Liabilities Contract assets represent contract billings for sales per contracts with customers and are classified as current. Our contract assets include our accounts receivables. For the year ended December 31, 2018, $1,967,000, $1,005,000 December 31, 2017, $962,000, $217,000 Contract liabilities consist of cash payments in advance of the Company satisfying performance obligations and recognizing revenue. The Company currently classifies deferred revenue as a contract liablility. For the year ended December 31, 2018, $1,004,000. December 31, 2017, $406,000. |
Note 12 - Other Income
Note 12 - Other Income | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Other Nonoperating Income and Expense [Text Block] | 1 2 . Other Income On July 7, 2017, not not $872,000 August 9, 2017. $56,000 August 3, 2017 |
Note 13 - Subsequent Events
Note 13 - Subsequent Events | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 1 3 . Subsequent Events On February 7, 2019, $2,700,000 may $2,700,000 March 2021. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation Our consolidated financial statements include our accounts and those of our wholly owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents Cash and all highly liquid investments purchased with an original maturity of less than three |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Risk Concentration Financial instruments, which potentially subject us to concentrations of credit risk, are primarily cash and cash equivalents, investments and accounts receivable. Cash and cash equivalent deposits are at risk to the extent that they exceed Federal Deposit Insurance Corporation insured amounts. To minimize risk, we place our investments in U.S. government obligations, corporate securities and money market funds. Substantially all of our cash, cash equivalents and investments are maintained with two not not We sell our products to customers primarily in the United States. In the future, we may no |
Trade and Other Accounts Receivable, Policy [Policy Text Block] | Accounts Receivable and Allowance for Doubtful Accounts Trade accounts receivable are stated at the amount we expect to collect. We maintain allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. Management considers the following factors when determining the collectability of specific customer accounts: customer credit-worthiness, past transaction history with the customer, current economic industry trends, and changes in customer payment terms. If the financial condition of our customers were to deteriorate, adversely affecting their ability to make payments, additional allowances would be required. Based on management’s assessment, we provide for estimated uncollectible amounts through a charge to earnings and an increase to a valuation allowance. Balances that remain outstanding after we have used reasonable collection efforts are written off through a charge to the valuation allowance. There was no December 31, 2018 2017. |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment Equipment and furniture and fixtures are stated at cost less accumulated depreciation and depreciated on a straight-line basis over the estimated useful lives of the assets. Such lives vary from 1 5 2 5 $133,000 $206,000 December 31, 2018 2017, |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Long-Lived Assets We review long-lived assets, including property and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not December 31, 2018 2017, no |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency All assets and liabilities in the balance sheets of foreign subsidiaries whose functional currency is other than the U.S. dollar are translated at year-end exchange rates. All revenues and expenses in the statement of operations of these foreign subsidiaries are translated at average exchange rates for the year. Translation gains and losses are not not |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Accounting for Stock Options We account for stock options using the guidance in Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) Topic 718. 718 Stock-based compensation expense recognized in the statements of operations for the years ended 2018 2017 718 Valuation Assumptions The fair values of option awards were estimated at the date of grant using a Black-Scholes option-pricing model with the following assumptions for fiscal years ended December 31, 2018 2017, 201 8 2017 Weighted average grant date fair value $ 0.49 $ 0.26 Weighted average assumptions used: Expected dividend yield 0.00 % 0.00 % Risk-free interest rate 0.83 % 1.77 % Expected volatility 225.21 % 75.46 % Expected life (in years) 4.91 5.00 Expected volatility is based on historical volatility and in part on implied volatility. The expected term considers the contractual term of the option as well as historical exercise and forfeiture behavior. The risk-free interest rate is based on the rates in effect on the grant date for U.S. Treasury instruments with maturities matching the relevant expected term of the award. |
Earnings Per Share, Policy [Policy Text Block] | Net Loss Per Share We report two December 31, 2018 2017 December 31, 2018 2017 zero 2,941,861, |
Revenue from Contract with Customer [Policy Text Block] | Revenue Recognition On January 1, 2018 No. 2014 09, Revenue from Contracts with Customers no No. 2014 09 not December 31, 2018. We generally recognize product revenue upon shipment or after meeting certain performance obligations. These products can include hardware, perpetual software licenses and data sets. Data set updates are the majority of our sales. We do not not We recognize sales of our data sets in accordance with FASB ASC Topic 606 not five i) identify the contract with a customer; ii) identify the performance obligations in the contract; iii) determine the transaction price; iv) allocate the transaction price to the separate performance obligations; and v) recognize revenue upon satisfaction of a performance obligation. Data updates are typically done monthly and revenue will be matched accordingly. Product sales may may one Service revenue, primarily including maintenance, training and installation are recognized upon delivery of the service and typically are unrelated to product sales. To date, training and installation revenue has not Our normal payment terms offered to customers, distributors and resellers are net 30 45 not one not Shipping and handling costs are billed to the customer and included in product revenue. Shipping and handling expenses are included in cost of product revenue. We have elected to account for shipping and handling costs as fulfillment costs after the customer obtains control of the goods. |
Research and Development Expense, Policy [Policy Text Block] | Research and Development Costs We incur research and development costs that relate primarily to the development of new security software, appliances and integrated solutions, and major enhancements to existing services and products. Research and development costs are comprised primarily of salaries and related benefits expenses, contract labor and prototype and other related expenses. Software development costs are included in research and development and are expensed as incurred. FASB ASC Topic 350 Intangibles—Goodwill and Other not |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Estimates are used for, but not |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments We calculate the fair value of our assets and liabilities which qualify as financial instruments and include additional information in the notes to consolidated financial statements when the fair value is different than the carrying value of these financial instruments. The estimated fair value of accounts receivable, accounts payable and accrued expenses, and dividends payable approximate their carrying amounts due to the relatively short maturity of these instruments. Loans payable to officer are with a related party and as a result do not not third None |
Income Tax, Policy [Policy Text Block] | Income Taxes Deferred income taxes are determined using the liability method in accordance with FASB ASC 740, Accounting for Income Taxes not not FASB ASC 740 740 no We file income tax returns in the United States federal jurisdiction. At December 31, 2018, December 31, 2015 December 31, 2017 No not December 31, 2018 2017. December 22, 2017, 39% 21% January 1, 2018. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements In February 2016, No. 2016 02, Leases (Topic 842 2016 02 first 2019 not |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 201 8 2017 Weighted average grant date fair value $ 0.49 $ 0.26 Weighted average assumptions used: Expected dividend yield 0.00 % 0.00 % Risk-free interest rate 0.83 % 1.77 % Expected volatility 225.21 % 75.46 % Expected life (in years) 4.91 5.00 |
Note 3 - Accrued Expenses (In_2
Note 3 - Accrued Expenses (In Thousands) (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | December 31, 201 8 201 7 Accrued payroll $ 154 $ 131 Accrued vacation 310 284 Rent payable 191 139 Accrued interest, related party 479 348 Other 269 86 $ 1,403 $ 988 |
Note 4 - Commitments and Cont_2
Note 4 - Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Year ending December 31, Minimum 2019 $ 284 2020 354 2021 358 2022 and thereafter 1,100 $ 2,096 |
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block] | Year ending December 31, Capital Lease 2019 $ 62 2020 45 2021 21 2022 and thereafter — 128 Less amounts representing interest (6 ) $ 122 |
Note 7 - Income Taxes (Tables)
Note 7 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | December 31 201 8 201 7 Net operating loss carryforwards $ 20,720 $ 21,175 Net operating loss carryforwards of foreign subsidiaries 374 374 Depreciation expense 4 (14 ) Stock-based compensation expense 28 25 Other 78 94 Deferred tax assets 21,204 21,654 Valuation allowance for deferred tax assets (21,204 ) (21,654 ) Deferred tax assets, net of allowance $ — $ — |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 201 8 201 7 Reconciliation of income tax benefit to statutory rate: Income benefit at statutory rate $ 480 $ (10 ) State income taxes (benefit), net of federal income tax benefit 57 1 RTP (ISO expense) 3 — Permanent differences (91 ) 11 Change in valuation allowance (450 ) (11,478 ) Remeasurment of Deferreds — 11,476 Other 1 — $ — $ — |
Note 8 - Stock Options (Tables)
Note 8 - Stock Options (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Common Shares Reserved for Future Issuance [Table text Block] | (In thousands) Common Shares Preferred Stock 1,067 2015 Plan 600 2005 Plan 1,118 Total 2,785 |
Share-based Compensation, Stock Options, Activity [Table Text Block] | 201 8 201 7 Number of Weighted Number of Weighted Outstanding at beginning of year 1,746 $ 0.68 2,254 $ 0.64 Granted at price = market value 24 1.15 24 0.42 Granted at price > market value — — — — Exercised (451 ) 0.37 (50 ) 0.22 Forfeited — — — — Expired (84 ) 0.22 (482 ) 0.55 Outstanding at end of year 1,235 $ 0.83 1,746 $ 0.68 Options exercisable at end of year 1,172 $ 0.84 1,662 $ 0.68 |
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | Options Outstanding Options Exercisable Range of Exercise Prices Outstanding at 8 (in Weighted Weighted Exercisable at 8 (in Weighted $ 0.28 - $0.50 572 2.79 $ 0.39 533 $ 0.39 $ 0.51 - $1.00 361 2.52 $ 0.68 361 $ 0.68 $ 1.01 - $2.73 302 4.36 $ 1.86 278 $ 1.92 1,235 3.09 $ 0.83 1,172 $ 0.84 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block] | Outstanding Stock Options that are As of December 31, 201 8 Number of outstanding options (in thousands) 1,229 1,172 Weighted average remaining contractual life 3.07 2.80 Weighted average exercise price per share $ 0.83 $ 0.84 Intrinsic value (in thousands) $ 3,092 $ 2,940 |
Note 1 - Description of Busin_2
Note 1 - Description of Business (Details Textual) - USD ($) | Aug. 09, 2017 | Aug. 03, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Feb. 28, 2019 | Feb. 07, 2019 | Feb. 08, 2018 | Mar. 02, 2017 | Feb. 09, 2017 | Dec. 31, 2016 |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | $ 1,652,000 | $ 224,000 | $ 64,000 | |||||||
Net Income (Loss) Attributable to Parent, Total | 2,287,000 | (30,000) | ||||||||
Other Nonoperating Income | 928,000 | |||||||||
Proceeds from Sale of Short-term Investments | $ 56,000 | 56,000 | ||||||||
Revolving Credit Facility [Member] | Chief Executive Officer [Member] | ||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 3,700,000 | $ 3,700,000 | $ 3,400,000 | |||||||
Revolving Credit Facility [Member] | Chief Executive Officer [Member] | Subsequent Event [Member] | ||||||||||
Line of Credit Facility, Current Borrowing Capacity | $ 885,000 | |||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 2,700,000 | $ 2,700,000 | ||||||||
IP Addresses [Member] | ||||||||||
Proceeds from Sale of Intangible Assets | $ 872,000 | $ 872,000 |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) | 12 Months Ended | |
Dec. 31, 2018USD ($)shares | Dec. 31, 2017USD ($)shares | |
Number of Major United States Financial Institutions | 2 | |
Allowance for Doubtful Accounts Receivable, Ending Balance | $ 0 | $ 0 |
Depreciation, Depletion and Amortization, Total | 133,000 | 206,000 |
Impairment of Long-Lived Assets Held-for-use | $ 0 | $ 0 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares | 0 | 2,941,861 |
Period of Payment Terms Offered to Customers Distributions and Resellers Domestically | 30 days | |
Period of Payment Terms Offered to Customers Distributors and Resllers Internationally | 45 days | |
Unrecognized Tax Benefits, Ending Balance | $ 0 | $ 0 |
Income Tax Examination, Penalties and Interest Accrued, Total | $ 0 | $ 0 |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 39.00% |
Equipment and Furniture and Fixtures [Member] | Minimum [Member] | ||
Property, Plant and Equipment, Useful Life | 1 year | |
Equipment and Furniture and Fixtures [Member] | Maximum [Member] | ||
Property, Plant and Equipment, Useful Life | 5 years | |
Leasehold Improvements [Member] | Minimum [Member] | ||
Property, Plant and Equipment, Useful Life | 2 years | |
Leasehold Improvements [Member] | Maximum [Member] | ||
Property, Plant and Equipment, Useful Life | 5 years |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Valuation Assumptions (Details) - $ / shares | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Weighted average grant date fair value (in dollars per share) | $ 0.49 | $ 0.26 |
Expected dividend yield | 0.00% | 0.00% |
Risk-free interest rate | 0.83% | 1.77% |
Expected volatility | 225.21% | 75.46% |
Expected life (in years) (Year) | 4 years 332 days | 5 years |
Note 3 - Accrued Expenses (in_3
Note 3 - Accrued Expenses (in thousands) - Accrued Expenses (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Accrued payroll | $ 154 | $ 131 |
Accrued vacation | 310 | 284 |
Rent payable | 191 | 139 |
Accrued interest, related party | 479 | 348 |
Other | 269 | 86 |
Total accrued expenses | $ 1,403 | $ 988 |
Note 4 - Commitments and Cont_3
Note 4 - Commitments and Contingencies (Details Textual) | 12 Months Ended | |
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Number of Operating Leases | 2 | |
Operating Leases, Rent Expense, Net, Total | $ 316,000 | $ 350,000 |
Minimum [Member] | ||
Lessee, Operating Lease, Renewal Term | 1 year | |
Maximum [Member] | ||
Lessee, Operating Lease, Renewal Term | 2 years |
Note 4 - Commitments and Cont_4
Note 4 - Commitments and Contingencies - Future Minimum Payments for Operating Leases (Details) $ in Thousands | Dec. 31, 2018USD ($) |
2019 | $ 284 |
2020 | 354 |
2021 | 358 |
2022 and thereafter | 1,100 |
Future minimum operating lease obligations | $ 2,096 |
Note 4 - Commitments and Cont_5
Note 4 - Commitments and Contingencies - Future Minimum Payments for Capital Leases (Details) $ in Thousands | Dec. 31, 2018USD ($) |
2019 | $ 62 |
2020 | 45 |
2021 | 21 |
2022 and thereafter | |
Capital lease obligations, total | 128 |
Less amounts representing interest | (6) |
Future minimum capital lease obligations | $ 122 |
Note 5 - Employee Benefit Plan
Note 5 - Employee Benefit Plan (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Defined Contribution Plan, Minimum age Required for Contribution of Additional Amount of Salary Per Year | 50 years | |
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 0.25% | |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 4.00% | |
Defined Contribution Plan, Cost | $ 30,000 | $ 30,000 |
Minimum [Member] | ||
Define Contribution Plan, Percentage of Contribution by Employees | 1.00% | |
Maximum [Member] | ||
Define Contribution Plan, Percentage of Contribution by Employees | 25.00% |
Note 6 - Borrowings From Offi_2
Note 6 - Borrowings From Officer (Details Textual) - USD ($) | 12 Months Ended | ||||||
Dec. 31, 2018 | Feb. 28, 2019 | Feb. 07, 2019 | Feb. 08, 2018 | Dec. 31, 2017 | Mar. 02, 2017 | Feb. 09, 2017 | |
Interest Payable, Current | $ 479,000 | $ 348,000 | |||||
Revolving Credit Facility [Member] | Chief Executive Officer [Member] | |||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 3,700,000 | $ 3,700,000 | $ 3,400,000 | ||||
Line of Credit Facility, Interest Rate at Period End | 6.50% | ||||||
Long-term Line of Credit, Total | $ 1,815,000 | ||||||
Interest Payable, Current | $ 479,000 | ||||||
Revolving Credit Facility [Member] | Chief Executive Officer [Member] | Prime Rate [Member] | |||||||
Debt Instrument, Basis Spread on Variable Rate | 1.00% | ||||||
Revolving Credit Facility [Member] | Chief Executive Officer [Member] | Subsequent Event [Member] | |||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 2,700,000 | $ 2,700,000 |
Note 7 - Income Taxes (Details
Note 7 - Income Taxes (Details Textual) $ in Millions | Dec. 31, 2018USD ($) |
Domestic Tax Authority [Member] | |
Operating Loss Carryforwards, Total | $ 86 |
Note 7 - Income Taxes - Deferre
Note 7 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Net operating loss carryforwards | $ 20,720 | $ 21,175 |
Net operating loss carryforwards of foreign subsidiaries | 374 | 374 |
Depreciation expense, asset | 4 | |
Depreciation expense, liability | (14) | |
Stock-based compensation expense | 28 | 25 |
Other | 78 | 94 |
Deferred tax assets | 21,204 | 21,654 |
Valuation allowance for deferred tax assets | (21,204) | (21,654) |
Deferred tax assets, net of allowance |
Note 7 - Income Taxes - Income
Note 7 - Income Taxes - Income Tax Reconciliation (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Reconciliation of income tax benefit to statutory rate: | ||
Income benefit at statutory rate | $ 480 | $ (10) |
State income taxes (benefit), net of federal income tax benefit | 57 | 1 |
RTP (ISO expense) | 3 | |
Permanent differences | (91) | 11 |
Change in valuation allowance | (450) | (11,478) |
Remeasurment of Deferreds | 11,476 | |
Other | $ 1 |
Note 8 - Stock Options (Details
Note 8 - Stock Options (Details Textual) $ in Thousands | May 17, 2012shares | May 19, 2011shares | May 20, 2010shares | May 21, 2009shares | May 29, 2008shares | May 30, 2007shares | Dec. 31, 2018USD ($)shares | Dec. 31, 2017shares | Dec. 31, 2016shares | Mar. 19, 2015shares |
Number of Stock-based Compensation Plans | 2 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 1,235,000 | 1,746,000 | 2,254,000 | |||||||
Common Stock, Capital Shares Reserved for Future Issuance | 2,785,042 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Exercisable Period 2 | 3 years | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Exercisable Period 3 | 5 years | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | |||||||||
Share-based Compensation Arrangements By Share-based Payment Award, Options Expiration Term For Options Granted To Holders Of More Than Specified Percentage Of Voting Stock | 5 years | |||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | $ | $ 16 | |||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year 3 days | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Exercisable Period 1 | 1 year | |||||||||
Maximum [Member] | ||||||||||
Share-based Compensation Arrangement By Share-based Payment Award Of Exercise Price Of Common Stock Percentage In Case Of Optionees Holding More Than Specified Percentage Of Voting Stock | 110.00% | |||||||||
Minimum [Member] | ||||||||||
Share-based Compensation Arrangement By Share-based Payment Award Voting Stock Percentage To Be Held By Optionees | 10.00% | |||||||||
The 2005 Stock Incentive Plan [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 3,700,000 | 3,400,000 | 3,000,000 | 2,500,000 | 1,500,000 | 750,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | 300,000 | 400,000 | 500,000 | 500,000 | 500,000 | 750,000 | ||||
Aggregate Stock Options Exercised for the Plan | 1,269,735 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 1,117,600 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants Aggregate | 3,892,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options Forfeitures Aggregate | 1,504,665 | |||||||||
Common Stock, Capital Shares Reserved for Future Issuance | 1,118,000 | |||||||||
The 2015 Stock Incentive Plan [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 483,000 | 600,000 | ||||||||
Aggregate Stock Options Exercised for the Plan | 0 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 117,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants Aggregate | 120,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options Forfeitures Aggregate | 3,000 | |||||||||
Number of Equity Incentive Programs | 3 | |||||||||
Stock Issued During Period, Shares, Share-based Compensation, Gross | 0 | |||||||||
Common Stock, Capital Shares Reserved for Future Issuance | 600,000 | |||||||||
The 2015 Stock Incentive Plan [Member] | Non-employee Board Member [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options That Will Be Granted Upon Initial Election Or Appointment to Board | 10,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Preceding Period With in Which Individual Should Not Be Employed | 90 days | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Option That Will Be Granted to Purchase Shares On Date of Each Annual Stockholders Meeting | 8,000 |
Note 8 - Stock Options - Common
Note 8 - Stock Options - Common Shares Reserved for Future Issuance (Details) | Dec. 31, 2018shares |
Common shares reserved for future issuance (in shares) | 2,785,042 |
The 2015 Stock Incentive Plan [Member] | |
Common shares reserved for future issuance (in shares) | 600,000 |
The 2005 Stock Incentive Plan [Member] | |
Common shares reserved for future issuance (in shares) | 1,118,000 |
Preferred Stock [Member] | |
Common shares reserved for future issuance (in shares) | 1,067,000 |
Note 8 - Stock Options - Number
Note 8 - Stock Options - Number & Weighted Average Exercise Price (Details) - $ / shares shares in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Outstanding at beginning of year (in shares) | 1,746 | 2,254 |
Outstanding at beginning of year (in dollars per share) | $ 0.68 | $ 0.64 |
Granted at price = market value (in shares) | 24 | 24 |
Granted at price = market value (in dollars per share) | $ 1.15 | $ 0.42 |
Granted at price > market value (in shares) | ||
Granted at price > market value (in dollars per share) | ||
Exercised (in shares) | (451) | (50) |
Exercised (in dollars per share) | $ 0.37 | $ 0.22 |
Forfeited (in shares) | ||
Forfeited (in dollars per share) | ||
Expired (in shares) | (84) | (482) |
Expired (in dollars per share) | $ 0.22 | $ 0.55 |
Outstanding at end of year (in shares) | 1,235 | 1,746 |
Outstanding at end of year (in dollars per share) | $ 0.83 | $ 0.68 |
Options exercisable at end of year (in shares) | 1,172 | 1,662 |
Options exercisable at end of year (in dollars per share) | $ 0.84 | $ 0.68 |
Note 8 - Stock Options - Exerci
Note 8 - Stock Options - Exercise Price (Details) shares in Thousands | 12 Months Ended |
Dec. 31, 2018$ / sharesshares | |
Outstanding at the end of the period (in shares) | shares | 1,235 |
Options outstanding weighted average remaining contractual life (Year) | 3 years 32 days |
Options outstanding weighted average exercise price (in dollars per share) | $ 0.83 |
Options exercisable (in shares) | shares | 1,172 |
Options exercisable weighted average exercise price (in dollars per share) | $ 0.84 |
Range 1 [Member] | |
Exercise price, low end of range (in dollars per share) | 0.28 |
Exercise price, high end of range (in dollars per share) | $ 0.50 |
Outstanding at the end of the period (in shares) | shares | 572 |
Options outstanding weighted average remaining contractual life (Year) | 2 years 288 days |
Options outstanding weighted average exercise price (in dollars per share) | $ 0.39 |
Options exercisable (in shares) | shares | 533 |
Options exercisable weighted average exercise price (in dollars per share) | $ 0.39 |
Range 2 [Member] | |
Exercise price, low end of range (in dollars per share) | 0.51 |
Exercise price, high end of range (in dollars per share) | $ 1 |
Outstanding at the end of the period (in shares) | shares | 361 |
Options outstanding weighted average remaining contractual life (Year) | 2 years 189 days |
Options outstanding weighted average exercise price (in dollars per share) | $ 0.68 |
Options exercisable (in shares) | shares | 361 |
Options exercisable weighted average exercise price (in dollars per share) | $ 0.68 |
Range 3 [Member] | |
Exercise price, low end of range (in dollars per share) | 1.01 |
Exercise price, high end of range (in dollars per share) | $ 2.73 |
Outstanding at the end of the period (in shares) | shares | 302 |
Options outstanding weighted average remaining contractual life (Year) | 4 years 131 days |
Options outstanding weighted average exercise price (in dollars per share) | $ 1.86 |
Options exercisable (in shares) | shares | 278 |
Options exercisable weighted average exercise price (in dollars per share) | $ 1.92 |
Note 8 - Stock Options - Outsta
Note 8 - Stock Options - Outstanding (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Number of outstanding options (in thousands) (in shares) | [1] | 1,229 | |
Number of outstanding options (in thousands) (in shares) | 1,172 | 1,662 | |
Weighted average remaining contractual life (Year) | [1] | 3 years 25 days | |
Weighted average remaining contractual life (Year) | 2 years 292 days | ||
Weighted average exercise price per share (in dollars per share) | [1] | $ 0.83 | |
Weighted average exercise price per share (in dollars per share) | $ 0.84 | $ 0.68 | |
Intrinsic value (in thousands) | [1] | $ 3,092 | |
Intrinsic value (in thousands) | $ 2,940 | ||
[1] | Includes effects of expected forfeitures |
Note 9 - Preferred Stock (Detai
Note 9 - Preferred Stock (Details Textual) | Dec. 02, 2005USD ($)$ / sharesshares | Mar. 28, 2005USD ($)$ / sharesshares | Mar. 25, 2004USD ($)$ / sharesshares | Dec. 31, 2018USD ($)shares | Dec. 31, 2017USD ($) |
Preferred Stock Dividends, Income Statement Impact | $ | $ 139,000 | $ 139,000 | |||
Dividends Payable, Current | $ | 594,000 | 447,000 | |||
Other Current Liabilities [Member] | |||||
Dividends Payable, Current | $ | $ 594,000 | $ 447,000 | |||
Series A Preferred Stock [Member] | |||||
Stock Issued During Period, Value, New Issues | $ | $ 5,000,000 | ||||
Preferred Stock, Dividend Rate, Percentage | 5.00% | ||||
Stock Issued During Period, Shares, New Issues | 1,000,000 | ||||
Share Price | $ / shares | $ 5 | ||||
Proceeds from Issuance of Preferred Stock and Preference Stock | $ | $ 5,000,000 | ||||
Preferred Stock Issuance Costs | $ | $ 275,000 | ||||
Convertible Preferred Stock, Shares Issued upon Conversion | 1,590,331 | 318,065 | |||
Preferred Stock, Conversion Price Per Share | $ / shares | $ 3.144 | ||||
Preferred Stock, Voting Rights Number | 1.5903 | ||||
Preferred Stock, Liquidation Preference Per Share | $ / shares | $ 5 | ||||
Preferred Stock, Redemption Price Per Share | $ / shares | $ 5 | ||||
Preferred Stock, Shares Outstanding, Ending Balance | 200,000 | ||||
Preferred Stock Dividends, Income Statement Impact | $ | $ 50,000 | ||||
Series A Preferred Stock [Member] | Chief Executive Officer [Member] | |||||
Stock Issued During Period, Shares, New Issues | 140,000 | ||||
Series A Preferred Stock [Member] | Director [Member] | |||||
Stock Issued During Period, Shares, New Issues | 60,000 | ||||
Series B Preferred Stock [Member] | |||||
Stock Issued During Period, Value, New Issues | $ | $ 2,700,000 | ||||
Preferred Stock, Dividend Rate, Percentage | 5.00% | ||||
Stock Issued During Period, Shares, New Issues | 1,065,200 | ||||
Share Price | $ / shares | $ 2.50 | ||||
Proceeds from Issuance of Preferred Stock and Preference Stock | $ | $ 2,700,000 | ||||
Preferred Stock Issuance Costs | $ | $ 173,000 | ||||
Convertible Preferred Stock, Shares Issued upon Conversion | 1,065,200 | 460,000 | |||
Preferred Stock, Conversion Price Per Share | $ / shares | $ 2.50 | ||||
Preferred Stock, Liquidation Preference Per Share | $ / shares | 2.50 | ||||
Preferred Stock, Shares Outstanding, Ending Balance | 460,000 | ||||
Preferred Stock Dividends, Income Statement Impact | $ | $ 57,000 | ||||
Series B Preferred Stock [Member] | Minimum [Member] | |||||
Preferred Stock, Redemption Price Per Share | $ / shares | $ 3.25 | ||||
Series B Preferred Stock [Member] | Chief Executive Officer [Member] | |||||
Stock Issued During Period, Shares, New Issues | 260,000 | ||||
Series B Preferred Stock [Member] | Director [Member] | |||||
Stock Issued During Period, Shares, New Issues | 60,000 | ||||
Series B Preferred Stock [Member] | Chief Financial Officer [Member] | |||||
Stock Issued During Period, Shares, New Issues | 100,000 | ||||
Series C Preferred Stock [Member] | |||||
Stock Issued During Period, Value, New Issues | $ | $ 1,200,000 | ||||
Preferred Stock, Dividend Rate, Percentage | 5.00% | ||||
Stock Issued During Period, Shares, New Issues | 564,607 | ||||
Share Price | $ / shares | $ 2.18 | ||||
Proceeds from Issuance of Preferred Stock and Preference Stock | $ | $ 1,200,000 | ||||
Preferred Stock Issuance Costs | $ | $ 100,000 | ||||
Convertible Preferred Stock, Shares Issued upon Conversion | 564,607 | 289,377 | |||
Preferred Stock, Conversion Price Per Share | $ / shares | $ 2.18 | ||||
Preferred Stock, Liquidation Preference Per Share | $ / shares | 2.18 | ||||
Preferred Stock, Shares Outstanding, Ending Balance | 289,377 | ||||
Preferred Stock Dividends, Income Statement Impact | $ | $ 32,000 | ||||
Series C Preferred Stock [Member] | Minimum [Member] | |||||
Preferred Stock, Redemption Price Per Share | $ / shares | $ 2.834 | ||||
Series C Preferred Stock [Member] | Chief Executive Officer [Member] | |||||
Stock Issued During Period, Shares, New Issues | 123,853 | ||||
Series C Preferred Stock [Member] | Director [Member] | |||||
Stock Issued During Period, Shares, New Issues | 27,523 | ||||
Series C Preferred Stock [Member] | Chief Financial Officer [Member] | |||||
Stock Issued During Period, Shares, New Issues | 68,808 | ||||
Series 2 Preferred Stock and Series 3 Preferred Stock [Member] | |||||
Preferred Stock Unpaid Dividends Additional Late Fee Penalty Percentage | 18.00% |
Note 10 - Concentrations (Detai
Note 10 - Concentrations (Details Textual) - Customer Concentration Risk [Member] | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Sales Revenue, Net [Member] | U.S. Government [Member] | ||
Concentration Risk, Percentage | 83.90% | 81.60% |
Sales Revenue, Net [Member] | Four Government Customers [Member] | ||
Concentration Risk, Percentage | 61.40% | |
Number of Major Customers | 4 | |
Sales Revenue, Net [Member] | Three Government Customers [Member] | ||
Concentration Risk, Percentage | 58.80% | |
Number of Major Customers | 3 | |
Sales Revenue, Net [Member] | One Commercial Customer [Member] | ||
Concentration Risk, Percentage | 14.10% | 14.10% |
Number of Major Customers | 1 | 1 |
Accounts Receivable [Member] | Four Government Customers [Member] | ||
Concentration Risk, Percentage | 48.90% | 65.20% |
Number of Major Customers | 4 | 4 |
Accounts Receivable [Member] | One Commercial Customer [Member] | ||
Concentration Risk, Percentage | 10.10% | 15.00% |
Number of Major Customers | 1 | 1 |
Note 11 - Contract Assets and_2
Note 11 - Contract Assets and Contract Liabilities (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Contract with Customer, Asset, Net, Current, Total | $ 1,967,000 | $ 962,000 |
Increase (Decrease) in Contract with Customer, Asset | 1,005,000 | 217,000 |
Contract with Customer, Liability, Current | $ 1,004,000 | $ 406,000 |
Note 12 - Other Income (Details
Note 12 - Other Income (Details Textual) - USD ($) | Aug. 09, 2017 | Aug. 03, 2017 | Dec. 31, 2018 | Dec. 31, 2017 |
Proceeds from Sale of Short-term Investments | $ 56,000 | $ 56,000 | ||
IP Addresses [Member] | ||||
Proceeds from Sale of Intangible Assets | $ 872,000 | $ 872,000 |
Note 13 - Subsequent Events (De
Note 13 - Subsequent Events (Details Textual) - Revolving Credit Facility [Member] - Chief Executive Officer [Member] - USD ($) | Feb. 07, 2019 | Feb. 28, 2019 | Feb. 08, 2018 | Mar. 02, 2017 | Feb. 09, 2017 |
Line of Credit Facility, Maximum Borrowing Capacity | $ 3,700,000 | $ 3,700,000 | $ 3,400,000 | ||
Subsequent Event [Member] | |||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 2,700,000 | $ 2,700,000 | |||
Line of Credit Facility, Expiration Date | Mar. 31, 2021 |