Firefly Neuroscience (AIFF) 10-Q 14 Nov 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 13, 2019
Document Information [Line Items]
Entity Registrant Name	INFORMATION ANALYSIS INC
Entity Central Index Key	0000803578
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)		11,211,760
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

Balance Sheets (Current Period

Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 1,093,809	$ 1,963,956
Accounts receivable, net	1,390,066	652,839
Prepaid expenses and other current assets	595,240	393,533
Contract assets	498,681	0
Total current assets	3,577,796	3,010,328
Right-of-use operating lease asset	173,487
Property and equipment, net of accumulated depreciation and amortization of $298,661 and $294,424	10,065	7,147
Other assets	6,281	6,281
Total assets	3,767,629	3,023,756
Current liabilities
Accounts payable	1,174,967	25,294
Contract liabilities	486,362	318,552
Accrued payroll and related liabilities	223,550	217,751
Other accrued liabilities	219,837	81,485
Commissions payable	188,278	508,083
Operating lease liability - current	101,744
Total current liabilities	2,394,738	1,151,165
Operating lease liability - non-current	72,458
Total liabilities	2,467,196	1,151,165
Stockholders' equity
Common stock, $0.01 par value, 30,000,000 shares authorized, 12,854,376 shares issued, 11,211,760 shares outstanding as of September 30, 2019, and 12,844,376 shares issued, 11,201,760 shares outstanding as of December 31, 2018	128,543	128,443
Additional paid-in capital	14,682,427	14,676,006
Accumulated deficit	(12,580,326)	(12,001,647)
Treasury stock, 1,642,616 shares at cost at September 30, 2019, and December 31, 2018	(930,211)	(930,211)
Total stockholders' equity	1,300,433	1,872,591
Total liabilities and stockholders' equity	$ 3,767,629	$ 3,023,756

Balance Sheets (Current Perio_2

Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Property and equipment, accumulated depreciation and amortization	$ 298,661	$ 294,424
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	12,854,376	12,844,376
Common stock, shares outstanding (in shares)	11,211,760	11,201,760
Treasury stock, shares (in shares)	1,642,616	1,642,616

Statements of Operations and Co

Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues
Total revenues	$ 3,182,597	$ 2,418,677	$ 8,065,837	$ 7,520,972
Cost of revenues
Total cost of revenues	2,798,280	1,849,571	7,001,920	5,846,091
Gross profit	384,317	569,106	1,063,917	1,674,881
Selling, general and administrative expenses	467,667	409,761	1,481,694	1,319,790
Commissions expense	98,394	134,255	169,155	374,815
(Loss) income from operations	(181,744)	25,090	(586,932)	(19,724)
Other income	2,520	2,874	8,253	8,530
(Loss) income before provision for income taxes	(179,224)	27,964	(578,679)	(11,194)
Provision for income taxes
Net (loss) income	(179,224)	27,964	(578,679)	(11,194)
Comprehensive (loss) income	$ (179,224)	$ 27,964	$ (578,679)	$ (11,194)
Net (loss) income per common share - basic (in dollars per share)	$ (0.02)	$ 0	$ (0.05)	$ 0
Net (loss) income per common share - diluted (in dollars per share)	$ (0.02)	$ 0	$ (0.05)	$ 0
Weighted average common shares outstanding
Basic (in shares)	11,211,760	11,201,760	11,207,145	11,201,760
Diluted (in shares)	11,211,760	11,593,183	11,207,145	11,201,760
Professional Fees [Member]
Revenues
Total revenues	$ 888,662	$ 1,111,358	$ 2,412,409	$ 3,429,153
Cost of revenues
Total cost of revenues	563,594	575,200	1,445,320	1,828,542
Software Sales [Member]
Revenues
Total revenues	2,293,935	1,307,319	5,653,428	4,091,819
Cost of revenues
Total cost of revenues	$ 2,234,686	$ 1,274,371	$ 5,556,600	$ 4,017,549

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net loss	$ (578,679)	$ (11,194)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	4,415	7,837
Stock option compensation	5,521	23,882
Changes in operating assets and liabilities:
Accounts receivable	(737,227)	(547,145)
Contract assets	(498,681)	(1,938)
Prepaid expenses and other current assets	(210,460)	(97,637)
Accounts payable	1,149,673	384,115
Commissions payable	(319,805)	(125,019)
Contract liabilities	167,810	66,593
Accrued payroll and related liabilities and other accrued liabilities	153,619	(374,957)
Net cash used in operating activities	(863,814)	(675,463)
Cash flows from investing activities
Acquisition of property and equipment	(7,333)	(4,075)
Payments received on notes receivable		1,719
Net cash used in investing activities	(7,333)	(2,356)
Cash flows from financing activities
Issuance of stock from exercise of options	1,000
Net cash provided by financing activities	1,000
Net decrease in cash and cash equivalents	(870,147)	(677,819)
Cash and cash equivalents, beginning of the period	1,963,956	2,731,510
Cash and cash equivalents, end of the period	1,093,809	2,053,691
Supplemental cash flow Information
Interest paid
Income taxes paid

Statements of Changes in Stockh

Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balances at Dec. 31, 2017	$ 128,443	$ 14,646,406	$ (11,950,613)	$ (930,211)	$ 1,894,025
Net loss			(33,276)		(33,276)
Stock option compensation		6,288			6,288
Balances at Mar. 31, 2018	128,443	14,652,694	(11,983,889)	(930,211)	1,867,037
Balances at Dec. 31, 2017	128,443	14,646,406	(11,950,613)	(930,211)	1,894,025
Net loss					(11,194)
Balances at Sep. 30, 2018	128,443	14,670,288	(11,961,807)	(930,211)	1,906,713
Balances at Mar. 31, 2018	128,443	14,652,694	(11,983,889)	(930,211)	1,867,037
Net loss			(5,882)		(5,882)
Stock option compensation		9,368			9,368
Balances at Jun. 30, 2018	128,443	14,662,062	(11,989,771)	(930,211)	1,870,523
Net loss			27,964		27,964
Stock option compensation		8,226			8,226
Balances at Sep. 30, 2018	128,443	14,670,288	(11,961,807)	(930,211)	1,906,713
Balances at Dec. 31, 2018	128,443	14,676,006	(12,001,647)	(930,211)	1,872,591
Net loss			(190,853)		(190,853)
Stock option compensation		4,454			4,454
Balances at Mar. 31, 2019	128,443	14,680,460	(12,192,500)	(930,211)	1,686,192
Balances at Dec. 31, 2018	128,443	14,676,006	(12,001,647)	(930,211)	1,872,591
Net loss					(578,679)
Balances at Sep. 30, 2019	128,543	14,682,427	(12,580,326)	(930,211)	1,300,433
Balances at Mar. 31, 2019	128,443	14,680,460	(12,192,500)	(930,211)	1,686,192
Net loss			(208,602)		(208,602)
Stock option compensation		482			482
Issuance of stock from exercise of options	100	900			1,000
Balances at Jun. 30, 2019	128,543	14,681,842	(12,401,102)	(930,211)	1,479,072
Net loss			(179,224)		(179,224)
Stock option compensation		585			585
Balances at Sep. 30, 2019	$ 128,543	$ 14,682,427	$ (12,580,326)	$ (930,211)	$ 1,300,433

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	1. Summary of Significant Accounting Policies Organization and Business Founded in 1979, Unaudited Interim Financial Statements The accompanying unaudited financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions for Form 10 8 03 X. not December 31, 2018 10 April 1, 2019 ( December 31, 2018, not There have been no September 30, 2019, 1, 10 December 31, 2018, April 1, 2019, 3 Use of Estimates and Assumptions The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results can, and in many cases will, differ from those estimates. Income Taxes As of September 30, 2019, no 8 2018 $7.4 $5.0 December 31, 2019.

Note 2 - Revenue from Contracts

Note 2 - Revenue from Contracts with Customers	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	2. Revenue from Contracts with Customers Revenue is recognized when all of the following steps have been taken and criteria met for each contract: • Identification of the contract, or contracts, with a customer - • Identification of the performance obligations in the contract - third not • Determination of the transaction price - • Allocation of the transaction price to the performance obligations in the contract - • Recognition of revenue when, or as, the Company satisf ies performance obligations - Nature of P roducts and S ervices The Company generates revenue from the sales of information technology professional services, sales of third third third 606, Professional services are offered through several arrangements – through time and materials arrangements, fixed-price-per-unit arrangements, fixed-price arrangements, or combinations of these arrangements within individual contracts. Revenue under time and materials arrangements is recognized over time in the period the hours are worked or the expenses are incurred, as control of the benefits of the work is deemed to have passed to the customer as the work is performed. Revenue under fixed-price-per-unit arrangements is recognized at a point in time when delivery of units have occurred and units are accepted by the customer or are reasonably expected to be accepted. Generally, revenue under fixed-price arrangements and mixed arrangements is recognized either over time or at a point in time based on the allocation of transaction pricing to each identified performance obligation as control of each is transferred to the customer. For fixed-price arrangements for which the Company is paid a fixed fee to make itself available to support a customer, with no Third-party software licenses are classified as enterprise server-based software licenses or desktop software licenses, and desktop licenses are further classified by the type of customer and whether the licenses are bulk licenses or individual licenses. The Company’s obligations as the seller for each class differ based on its reseller agreements and whether its customers are government or non-government customers. Revenue from enterprise server-based sales to either government or non-government customers is usually recognized in full at a point in time based on when the customer gains use of the full benefit of the licenses, after the licenses are implemented. If the transaction prices of the performance obligations related to implementation and customer support for the individual contract is material, these obligations are recognized separately over time, as performed. Revenue for desktop software licenses for government customers is usually recognized in full at a point in time, based on when the customer’s administrative contact gains training in and beneficial use of the administrative portal. If the transaction prices of the performance obligations related to implementing the government administrator’s use of the administrative portal and administrator support for the individual contract are material (rare), these obligations are recognized separately over time, as performed. Revenue for bulk desktop software licenses for non-government customers is usually recognized in full at a point in time, based on when the customer’s administrative contact gains training in and beneficial use of the administrative portal. For desktop software licenses sold on an individual license basis to non-government customers, where the Company has no third Third-party support and maintenance contracts for enterprise server-based software include a performance obligation under the Company’s reseller agreements for it to be the first second not Incentive payments are received under reseller agreements with software manufacturers and suppliers where the Company introduces and court a customer, but the sale occurs directly between the customer and the supplier or between the customer and the manufacturer. Since the transfer of control of the licenses cannot be measured from outside of these transactions, revenue is recognized when payment from the manufacturer or supplier is received. Disaggregation of Revenue from Contracts with Customers Contract 3 Months ended 09/30/2019 3 Months ended 09/30/2018 Type Amount Percentage Amount Percentage Services Time & Materials $ 643,047 20.2 % $ 694,524 28.7 % Services Fixed Price 96,255 3.0 % 328,214 13.6 % Services Combination 113,220 3.6 % 52,440 2.2 % Services Fixed Price per Unit 36,140 1.1 % 36,180 1.5 % Third-Party Software 2,138,815 67.2 % 1,086,780 44.9 % Software Support & Maintenance 149,570 4.7 % 212,843 8.8 % Incentive Payments 5,550 0.2 % 7,696 0.3 % Total Revenue $ 3,182,597 $ 2,418,677 Contract 9 Months ended 09/30/2019 9 Months ended 09/30/2018 Type Amount Percentage Amount Percentage Services Time & Materials $ 1,817,577 22.5 % $ 2,223,912 29.6 % Services Fixed Price 310,654 3.9 % 984,643 13.1 % Services Combination 185,867 2.3 % 174,348 2.3 % Services Fixed Price per Unit 98,311 1.2 % 46,250 0.6 % Third-Party Software 5,195,547 64.4 % 3,636,083 48.3 % Software Support & Maintenance 448,357 5.6 % 440,686 5.9 % Incentive Payments 9,524 0.1 % 15,050 0.2 % Total Revenue $ 8,065,837 $ 7,520,972 Contract Balances Accounts Receivable Trade accounts receivable are recorded at the billable amount where the Company has the unconditional right to bill, net of allowances for doubtful accounts. The allowance for doubtful accounts is based on the Company’s assessment of the collectability of accounts. Management regularly reviews the adequacy of the allowance for doubtful accounts by considering the age of each outstanding invoice, each customer's expected ability to pay and collection history, when applicable, to determine whether a specific allowance is appropriate. Accounts receivable deemed uncollectible are charged against the allowance for doubtful accounts when identified. Contract Assets Contract assets consist of assets typically resulting when revenue recognized exceeds the amount billed or billable to the customer due to allocation of transaction price. There were contract assets balances of $498,681 September 30, 2019, no December 31, 2018. Contract Liabilities Contract liabilities, to which the Company formerly referred as deferred revenue, consist of amounts that have been invoiced and for which the Company has the right to bill, but that have not not $486,362 $318,552 September 30, 2019, December 31, 2018, three nine September 30, 2019, $63,366 $318,552, Costs to Obtain or Fulfill a Contract When applicable, the Company recognizes an asset related to the costs incurred to obtain a contract only if it expects to recover those costs and it would not not $0 $3,480 September 30, 2019, December 31, 2018, Financing Components In instances where the timing of revenue recognition differs from the timing of invoicing, the Company has determined its contracts do not not Deferred Costs of Revenue Deferred costs of revenue consist of the costs of third $532,791 $294,115 September 30, 2019, December 31, 2018,

Note 3 - Recently-Adopted Accou

Note 3 - Recently-Adopted Accounting Pronouncements	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	3. Recently-Adopted Accounting Pronouncements In February 2016, 2016 02, “Leases: Topic 842,” No. 2018 10, No. 2018 11, No. 2018 20, No. 2019 01 842” We adopted Topic 842 January 1, 2019, January 1, 2019, January 1, 2019. not January 1, 2019, not January 1, 2019. not not no We have an operating lease which is a real estate lease for our headquarters in Fairfax, Virginia. This lease has a fixed lease term of 49 September 30, 2019. September 30, 2019, not Our operating lease asset represents our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Since our lease does not not We have lease agreements which may not 12 Upon adoption of Topic 842 January 1, 2019, $244,877 $242,696. Our lease agreement does not We do not third The following table provides supplemental balance sheet information related to IAI's operating lease: Balance Sheet Classification September 30, 2019 Assets: Right-to-use operating lease asset $ 173,487 Liabilities: Operating lease liability - current $ 101,744 Operating lease liability - non-current 72,458 Total lease liabilities $ 174,202 The following table reconciles the undiscounted cash flows to the operating lease liabilities recorded in our balance sheet. September 30, 2019 Remainder of 2019 $ 27,048 2020 110,086 2021 46,433 Total lease payments 183,567 Less: discount (9,365 ) Present value of lease liabilities $ 174,202 As of September 30, 2019, 1.8 5.5%. nine September 30, 2019, $78,365 nine September 30, 2018 $78,365. nine September 30, 2019, no 12

Note 4 - Stock-based Compensati

Note 4 - Stock-based Compensation	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	4 . Stock-Based Compensation The Company has two 2006 2006 “2006 April 12, 2016. June 1, 2016, 2016 “2016 April 4, 2016. The Company recognizes compensation costs only for those shares expected to vest on a straight-line basis over the requisite service period of the awards. Such options generally vest over periods of nine two three nine September 30, 2019 2018, Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Risk-free interest rate n/a 2.75% 2.31% 2.65% - 2.92% Dividend yield n/a 0% 0% 0% Expected term (in years) n/a 5 5 5 Expected volatility n/a 53.4% 57.9% 49.0% - 53.4% 2016 The 2016 June 1, 2016, April 4, 2026. 2016 may 2016 1,000,000. 2016 no ten September 30, 2019, 371,000 2016 343,500 2006 The 2006 May 18, 2006, April 12, 2016. 2006 2006 no ten three 2006 not 1,950,000. 978,000 2006 September 30, 2019, The status of the options issued under the foregoing option plans as of September 30, 2019, three nine September 30, 2019, Options outstanding Weighted average Weighted average Aggregate exercise price remaining intrinsic Incentive Options Shares per share contractual term value Outstanding at January 1, 2019 1,376,500 $ 0.23 Options granted - - Options exercised - - Options expired (4,500 ) 0.13 Options forfeited - - Outstanding at March 31, 2019 1,372,000 $ 0.23 Options granted 3,000 0.21 Options exercised (10,000 ) 0.10 Options expired (11,000 ) 0.08 Options forfeited (2,500 ) 0.46 Outstanding at June 30, 2019 1,351,500 $ 0.23 Options granted - - Options exercised - - Options expired - - Options forfeited (2,500 ) 0.46 Outstanding at September 30, 2019 1,349,000 $ 0.23 4 years, 2 months $ 11,443 Exercisable at September 30, 2019 1,321,500 $ 0.23 4 years $ 11,443 There were no three September 30, 2019, 3,000 nine September 30, 2019, none 3,000 three September 30, 2018, none 163,000 nine September 30, 2018, 5,000 nine September 30, 2019, $0.11. no 10,000 three nine September 30, 2019, no three nine September 30, 2018. September 30, 2019, $1,292 five Total compensation expense related to these plans was $585 $8,226 three September 30, 2019 2018, $0 $426, $5,521 $23,882 nine September 30, 2019 2018, $0 $644, $604 nine September 30, 2019, Nonvested option awards as of September 30, 2019 three nine September 30, 2019 Nonvested Weighted average grant date Shares fair value Nonvested at January 1, 2019 148,500 $ 0.20 Granted - - Vested (107,500 ) 0.21 Forfeited - - Nonvested at March 31, 2019 41,000 $ 0.17 Granted 3,000 0.11 Vested (12,500 ) 0.17 Forfeited (2,500 ) 0.21 Nonvested at June 30, 2019 29,000 $ 0.16 Granted - - Vested (1,500 ) 0.12 Forfeited - - Nonvested at September 30, 2019 27,500 $ 0.16

Note 5 - Revolving Line of Cred

Note 5 - Revolving Line of Credit	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Schedule of Line of Credit Facilities [Table Text Block]	5 . Revolving L ine of Credit The Company has a revolving line of credit with a bank providing for demand or short-term borrowings of up to $1,000,000. May 31, 2020. September 30, 2019, no not twelve

Note 6 - (Loss) Earnings per Sh

Note 6 - (Loss) Earnings per Share	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	6 . ( Loss ) Income Per Share Basic (loss) income per share excludes dilution and is computed by dividing loss available to common shareholders by the weighted-average number of shares outstanding for the period. Diluted (loss) income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, except for periods when the Company reports a net loss because the inclusion of such items would be antidilutive. The antidilutive effect of 121,422 three September 30, 2019, 215,595 511,118 nine September 30, 2019 2018, The following is a reconciliation of the amounts used in calculating basic and diluted net (loss) income per common share: Per share Net (loss) income Shares amount Basic net loss per common share for the three months ended September 30, 2019: Loss available to common shareholders $ (179,224 ) 11,211,760 $ (0.02 ) Effect of dilutive stock options - - - Diluted net loss per common share for the three months ended September 30, 2019 $ (179,224 ) 11,211,760 $ (0.02 ) Basic net income per common share for the three months ended September 30, 2018: Income available to common shareholders $ 27,964 11,201,760 $ - Effect of dilutive stock options - 391,423 - Diluted net income per common share for the three months ended September 30, 2018 $ 27,964 11,593,183 $ - Basic net loss per common share for the nine months ended September 30, 2019: Loss available to common shareholders $ (578,679 ) 11,207,145 $ (0.05 ) Effect of dilutive stock options - - - Diluted net loss per common share for the nine months ended September 30, 2019 $ (578,679 ) 11,207,145 $ (0.05 ) Basic net loss per common share for the nine months ended Septembere 30, 2018: Loss available to common shareholders $ (11,194 ) 11,201,760 $ - Effect of dilutive stock options - - - Diluted net loss per common share for the nine months ended September 30, 2018 $ (11,194 ) 11,201,760 $ -

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Organization and Business [Policy Text Block]	Organization and Business Founded in 1979,
Basis of Accounting, Policy [Policy Text Block]	Unaudited Interim Financial Statements The accompanying unaudited financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions for Form 10 8 03 X. not December 31, 2018 10 April 1, 2019 ( December 31, 2018, not There have been no September 30, 2019, 1, 10 December 31, 2018, April 1, 2019, 3
Use of Estimates, Policy [Policy Text Block]	Use of Estimates and Assumptions The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results can, and in many cases will, differ from those estimates.
Income Tax, Policy [Policy Text Block]	Income Taxes As of September 30, 2019, no 8 2018 $7.4 $5.0 December 31, 2019.

Note 2 - Revenue from Contrac_2

Note 2 - Revenue from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Disaggregation of Revenue [Table Text Block]	Contract 3 Months ended 09/30/2019 3 Months ended 09/30/2018 Type Amount Percentage Amount Percentage Services Time & Materials $ 643,047 20.2 % $ 694,524 28.7 % Services Fixed Price 96,255 3.0 % 328,214 13.6 % Services Combination 113,220 3.6 % 52,440 2.2 % Services Fixed Price per Unit 36,140 1.1 % 36,180 1.5 % Third-Party Software 2,138,815 67.2 % 1,086,780 44.9 % Software Support & Maintenance 149,570 4.7 % 212,843 8.8 % Incentive Payments 5,550 0.2 % 7,696 0.3 % Total Revenue $ 3,182,597 $ 2,418,677 Contract 9 Months ended 09/30/2019 9 Months ended 09/30/2018 Type Amount Percentage Amount Percentage Services Time & Materials $ 1,817,577 22.5 % $ 2,223,912 29.6 % Services Fixed Price 310,654 3.9 % 984,643 13.1 % Services Combination 185,867 2.3 % 174,348 2.3 % Services Fixed Price per Unit 98,311 1.2 % 46,250 0.6 % Third-Party Software 5,195,547 64.4 % 3,636,083 48.3 % Software Support & Maintenance 448,357 5.6 % 440,686 5.9 % Incentive Payments 9,524 0.1 % 15,050 0.2 % Total Revenue $ 8,065,837 $ 7,520,972

Note 3 - Recently-Adopted Acc_2

Note 3 - Recently-Adopted Accounting Pronouncements (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Assets and Liabilities, Lessee [Table Text Block]	Balance Sheet Classification September 30, 2019 Assets: Right-to-use operating lease asset $ 173,487 Liabilities: Operating lease liability - current $ 101,744 Operating lease liability - non-current 72,458 Total lease liabilities $ 174,202
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	September 30, 2019 Remainder of 2019 $ 27,048 2020 110,086 2021 46,433 Total lease payments 183,567 Less: discount (9,365 ) Present value of lease liabilities $ 174,202

Note 4 - Stock-based Compensa_2

Note 4 - Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Risk-free interest rate n/a 2.75% 2.31% 2.65% - 2.92% Dividend yield n/a 0% 0% 0% Expected term (in years) n/a 5 5 5 Expected volatility n/a 53.4% 57.9% 49.0% - 53.4%
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Options outstanding Weighted average Weighted average Aggregate exercise price remaining intrinsic Incentive Options Shares per share contractual term value Outstanding at January 1, 2019 1,376,500 $ 0.23 Options granted - - Options exercised - - Options expired (4,500 ) 0.13 Options forfeited - - Outstanding at March 31, 2019 1,372,000 $ 0.23 Options granted 3,000 0.21 Options exercised (10,000 ) 0.10 Options expired (11,000 ) 0.08 Options forfeited (2,500 ) 0.46 Outstanding at June 30, 2019 1,351,500 $ 0.23 Options granted - - Options exercised - - Options expired - - Options forfeited (2,500 ) 0.46 Outstanding at September 30, 2019 1,349,000 $ 0.23 4 years, 2 months $ 11,443 Exercisable at September 30, 2019 1,321,500 $ 0.23 4 years $ 11,443
Schedule of Nonvested Share Activity [Table Text Block]	Nonvested Weighted average grant date Shares fair value Nonvested at January 1, 2019 148,500 $ 0.20 Granted - - Vested (107,500 ) 0.21 Forfeited - - Nonvested at March 31, 2019 41,000 $ 0.17 Granted 3,000 0.11 Vested (12,500 ) 0.17 Forfeited (2,500 ) 0.21 Nonvested at June 30, 2019 29,000 $ 0.16 Granted - - Vested (1,500 ) 0.12 Forfeited - - Nonvested at September 30, 2019 27,500 $ 0.16

Note 6 - (Loss) Earnings per _2

Note 6 - (Loss) Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Per share Net (loss) income Shares amount Basic net loss per common share for the three months ended September 30, 2019: Loss available to common shareholders $ (179,224 ) 11,211,760 $ (0.02 ) Effect of dilutive stock options - - - Diluted net loss per common share for the three months ended September 30, 2019 $ (179,224 ) 11,211,760 $ (0.02 ) Basic net income per common share for the three months ended September 30, 2018: Income available to common shareholders $ 27,964 11,201,760 $ - Effect of dilutive stock options - 391,423 - Diluted net income per common share for the three months ended September 30, 2018 $ 27,964 11,593,183 $ - Basic net loss per common share for the nine months ended September 30, 2019: Loss available to common shareholders $ (578,679 ) 11,207,145 $ (0.05 ) Effect of dilutive stock options - - - Diluted net loss per common share for the nine months ended September 30, 2019 $ (578,679 ) 11,207,145 $ (0.05 ) Basic net loss per common share for the nine months ended Septembere 30, 2018: Loss available to common shareholders $ (11,194 ) 11,201,760 $ - Effect of dilutive stock options - - - Diluted net loss per common share for the nine months ended September 30, 2018 $ (11,194 ) 11,201,760 $ -

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Details Textual) $ in Millions	Sep. 30, 2019USD ($)
Operating Loss Carryforwards, Total	$ 7.4
Operating Loss Carryforward, Amount to Expire in Remainder of Fiscal Year	$ 5

Note 2 - Revenue from Contrac_3

Note 2 - Revenue from Contracts with Customers (Details Textual) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Dec. 31, 2018
Contract with Customer, Asset, Net, Current, Total	$ 498,681	$ 498,681	$ 0
Contract with Customer, Liability, Current	486,362	486,362	318,552
Contract with Customer, Liability, Revenue Recognized	63,366	318,552
Capitalized Contract Cost, Net, Total	0	0	3,480
Prepaid Expenses and Other Current Assets [Member]
Deferred Costs of Revenue	$ 532,791	$ 532,791	$ 294,115

Note 2 - Revenue from Contrac_4

Note 2 - Revenue from Contracts with Customers - Disaggregation of Revenue from Contracts with Customers (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue, Amount	$ 3,182,597	$ 2,418,677	$ 8,065,837	$ 7,520,972
Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage
Services Time and Materials [Member]
Revenue, Amount	$ 643,047	$ 694,524	$ 1,817,577	$ 2,223,912
Services Time and Materials [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage	20.20%	28.70%	22.50%	29.60%
Services Fixed Price [Member]
Revenue, Amount	$ 96,255	$ 328,214	$ 310,654	$ 984,643
Services Fixed Price [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage	3.00%	13.60%	3.90%	13.10%
Services Combination [Member]
Revenue, Amount	$ 113,220	$ 52,440	$ 185,867	$ 174,348
Services Combination [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage	3.60%	2.20%	2.30%	2.30%
Services Fixed Price per Unit [Member]
Revenue, Amount	$ 36,140	$ 36,180	$ 98,311	$ 46,250
Services Fixed Price per Unit [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage	1.10%	1.50%	1.20%	0.60%
Third-Party Software [Member]
Revenue, Amount	$ 2,138,815	$ 1,086,780	$ 5,195,547	$ 3,636,083
Third-Party Software [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage	67.20%	44.90%	64.40%	48.30%
Software Support and Maintenance [Member]
Revenue, Amount	$ 149,570	$ 212,843	$ 448,357	$ 440,686
Software Support and Maintenance [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage	4.70%	8.80%	5.60%	5.90%
Incentive Payments [Member]
Revenue, Amount	$ 5,550	$ 7,696	$ 9,524	$ 15,050
Incentive Payments [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Revenue, Percentage	0.20%	0.30%	0.10%	0.20%

Note 3 - Recently-Adopted Acc_3

Note 3 - Recently-Adopted Accounting Pronouncements (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jan. 01, 2019	Dec. 31, 2018
Lessee, Operating Lease, Term of Contract	4 years 30 days
Operating Lease, Right-of-Use Asset	$ 173,487
Operating Lease, Liability, Total	$ 174,202
Operating Lease, Weighted Average Remaining Lease Term	1 year 292 days
Operating Lease, Weighted Average Discount Rate, Percent	5.50%
Operating Lease, Expense	$ 78,365	$ 78,365
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset			$ 244,877
Operating Lease, Liability, Total			$ 242,696

Note 3 - Recently-Adopted Acc_4

Note 3 - Recently-Adopted Accounting Pronouncements - Balance Sheet Information on Operating Leases (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Right-of-use operating lease asset	$ 173,487
Operating lease liability - current	101,744
Operating lease liability - non-current	72,458
Total lease liabilities	$ 174,202

Note 3 - Recently-Adopted Acc_5

Note 3 - Recently-Adopted Accounting Pronouncements - Undiscounted Cash Flows to Operating Lease Liabilities (Details)	Sep. 30, 2019USD ($)
Remainder of 2019	$ 27,048
2020	110,086
2021	46,433
Total lease payments	183,567
Less: discount	(9,365)
Operating Lease, Liability, Total	$ 174,202

Note 4 - Stock-based Compensa_3

Note 4 - Stock-based Compensation (Details Textual) - USD ($)	Jun. 01, 2016	May 18, 2006	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance			1,349,000	1,351,500	1,372,000		1,349,000		1,376,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			0	3,000		3,000	3,000	163,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value				$ 0.11			$ 0.11
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period			0	10,000		0	10,000	0
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total			$ 1,292				$ 1,292
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition							150 days
Share-based Payment Arrangement, Expense			585			$ 8,226	$ 5,521	$ 23,882
Share-based Payment Arrangement, Compensation Expense Reversed							$ 604
Share-based Payment Arrangement, Nonemployee [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross						0	0	5,000
Share-based Payment Arrangement, Expense			$ 0			$ 426	$ 0	$ 644
The 2016 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	1,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance			371,000				371,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number			343,500				343,500
The 2006 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		1,950,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period		10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance			978,000				978,000

Note 4 - Stock-based Compensa_4

Note 4 - Stock-based Compensation - Assumptions (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Risk-free interest rate	2.75%	2.31%
Dividend yield		0.00%	0.00%
Expected term (Year)	5 years	5 years	5 years
Expected volatility	53.40%	57.90%
Minimum [Member]
Risk-free interest rate			2.65%
Expected volatility			49.00%
Maximum [Member]
Risk-free interest rate			2.92%
Expected volatility			53.40%

Note 4 - Stock-based Compensa_5

Note 4 - Stock-based Compensation - Stock Option Activity (Details) - USD ($)	3 Months Ended				9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Outstanding, shares, Beginning Balance (in shares)	1,351,500	1,372,000	1,376,500		1,376,500
Outstanding, weighted average exercise price (in dollars per share)	$ 0.23	$ 0.23	$ 0.23		$ 0.23
Options granted, shares (in shares)		3,000
Options granted, weighted average exercise price (in dollars per share)		$ 0.21
Options exercised, shares (in shares)	0	(10,000)		0	(10,000)	0
Options exercised, weighted average exercise price (in dollars per share)		$ 0.10
Options expired, shares (in shares)		(11,000)	(4,500)
Options expired, weighted average exercise price (in dollars per share)		$ 0.08	$ 0.13
Options forfeited, shares (in shares)	(2,500)	(2,500)
Options forfeited, weighted average exercise price (in dollars per share)	$ 0.46	$ 0.46
Outstanding, weighted average exercise price (in dollars per share)	$ 0.23	$ 0.23	$ 0.23		$ 0.23
Outstanding, weighted average remaining contractual term (Year)	4 years 62 days
Outstanding, aggregate intrinsic value	$ 11,443				$ 11,443
Exercisable, shares (in shares)	1,321,500				1,321,500
Exercisable, weighted average exercise price (in dollars per share)	$ 0.23				$ 0.23
Exercisable, weighted average remaining contractual term (Year)	4 years
Exercisable, aggregate intrinsic value	$ 11,443				$ 11,443

Note 4 - Stock-based Compensa_6

Note 4 - Stock-based Compensation - Nonvested Option Awards Activity (Details) - $ / shares	3 Months Ended				9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Nonvested, Shares, Balance (in shares)	29,000	41,000	148,500		148,500
Nonvested, weighted average grant date fair value (in dollars per share)	$ 0.16	$ 0.17	$ 0.20		$ 0.20
Granted, shares (in shares)	0	3,000		3,000	3,000	163,000
Granted, weighted average grant date fair value (in dollars per share)		$ 0.11			$ 0.11
Vested, shares (in shares)	(1,500)	(12,500)	(107,500)
Vested, weighted average grant date fair value (in dollars per share)	$ 0.12	$ 0.17	$ 0.21
Forfeited, shares (in shares)		(2,500)
Forfeited, weighted average grant date fair value (in dollars per share)		$ 0.21
Nonvested, shares (in shares)	27,500	29,000	41,000		27,500
Nonvested, weighted average grant date fair value (in dollars per share)	$ 0.16	$ 0.16	$ 0.17		$ 0.16

Note 5 - Revolving Line of Cr_2

Note 5 - Revolving Line of Credit (Details Textual)	Sep. 30, 2019USD ($)
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,000,000
Long-term Line of Credit, Total	$ 0

Note 6 - (Loss) Earnings per _3

Note 6 - (Loss) Earnings per Share (Details Textual) - shares	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	121,422	215,595	511,118

Note 6 - (Loss) Earnings per _4

Note 6 - (Loss) Earnings per Share - Reconciliation of the Amounts Used in Calculating Basic and Diluted Net Loss per Common Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Loss available to common shareholders	$ (179,224)	$ 27,964	$ (578,679)	$ (11,194)
Loss available to common shareholders, shares (in shares)	11,211,760	11,201,760	11,207,145	11,201,760
Loss available to common shareholders, per share amount (in dollars per share)	$ (0.02)	$ 0	$ (0.05)	$ 0
Effect of dilutive stock options, shares (in shares)		391,423
Diluted net loss per common share	$ (179,224)	$ 27,964	$ (578,679)	$ (11,194)
Diluted net loss per common share, shares (in shares)	11,211,760	11,593,183	11,207,145	11,201,760
Diluted net loss per common share, per share amount (in dollars per share)	$ (0.02)	$ 0	$ (0.05)	$ 0
Effect of dilutive stock options (in shares)		391,423