Innodata (INOD) 10-Q 15 May 18 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares shares in Thousands	3 Months Ended
	Mar. 31, 2018	May 01, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Entity Registrant Name	INNODATA INC
Entity Central Index Key	903,651
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	INOD
Entity Common Stock, Shares Outstanding		25,877,454

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 12,179	$ 11,407
Accounts receivable, net	9,249	10,291
Prepaid expenses and other current assets	3,006	3,630
Total current assets	24,434	25,328
Property and equipment, net	7,027	7,189
Other assets	3,285	3,159
Deferred income taxes	1,617	1,757
Intangibles, net	7,358	7,606
Goodwill	2,834	2,832
Total assets	46,555	47,871
Current liabilities:
Accounts payable	1,125	1,258
Accrued expenses	5,387	5,571
Accrued salaries, wages and related benefits	4,948	5,539
Income and other taxes	1,778	1,098
Current portion of long-term obligations	2,110	2,133
Total current liabilities	15,348	15,599
Deferred income taxes	592	614
Long-term obligations, net of current portion	4,188	4,477
Non-controlling interests	(3,946)	(3,938)
Commitments and contingencies
STOCKHOLDERS’ EQUITY:
Serial preferred stock; 5,000,000 shares authorized, none outstanding	0	0
Common stock, $.01 par value; 75,000,000 shares authorized; 27,559,000 shares issued and 25,878,000 outstanding at March 31, 2018 and December 31, 2017	275	275
Additional paid-in capital	27,415	27,275
Retained earnings	7,077	7,345
Accumulated other comprehensive income	228	846
Stockholders' Equity before Treasury Stock, Total	34,995	35,741
Less: treasury stock, 1,681,000 shares at March 31, 2018 and December 31, 2017, at cost	(4,622)	(4,622)
Total stockholders’ equity	30,373	31,119
Total liabilities and stockholders’ equity	$ 46,555	$ 47,871

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Serial preferred stock, shares authorized	5,000,000	5,000,000
Serial preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	27,559,000	27,559,000
Common stock, shares outstanding	25,878,000	25,878,000
Treasury stock, shares	1,681,000	1,681,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues	$ 14,120	$ 14,953
Operating costs and expenses:
Direct operating costs	9,894	11,723
Selling and administrative expenses	3,916	4,625
Interest expense (income), net	4	(12)
Totals	13,814	16,336
Income (loss) before provision for income taxes	306	(1,383)
Provision for income taxes	582	445
Net loss	(276)	(1,828)
Loss attributable to non-controlling interests	8	98
Net loss attributable to Innodata Inc. and Subsidiaries	$ (268)	$ (1,730)
Loss per share attributable to Innodata Inc. and Subsidiaries:
Basic and diluted (in dollars per share)	$ (0.01)	$ (0.07)
Weighted average shares outstanding:
Basic and diluted	25,878	25,627
Comprehensive loss:
Net loss	$ (276)	$ (1,828)
Pension liability adjustment, net of taxes	(59)	(62)
Change in fair value of derivatives, net of taxes	(531)	311
Foreign currency translation adjustment, net of taxes	(28)	24
Other comprehensive income (loss)	(618)	273
Total comprehensive loss	(894)	(1,555)
Comprehensive loss attributed to non-controlling interest	8	98
Comprehensive loss attributable to Innodata Inc. and Subsidiaries	$ (886)	$ (1,457)

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flow from operating activities:
Net loss	$ (276)	$ (1,828)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	884	943
Stock-based compensation	140	288
Deferred income taxes	143	(102)
Pension cost	(1)	82
Changes in operating assets and liabilities:
Accounts receivable	952	502
Prepaid expenses and other current assets	241	248
Other assets	44	(94)
Accounts payable and accrued expenses	(371)	1,272
Accrued salaries, wages and related benefits	(582)	(94)
Income and other taxes	478	(102)
Net cash provided by operating activities	1,652	1,115
Cash flow from investing activities:
Capital expenditures	(625)	(1,049)
Net cash used in investing activities	(625)	(1,049)
Cash flow from financing activities:
Payment of long-term obligations	(301)	(31)
Net cash used in financing activities	(301)	(31)
Effect of exchange rate changes on cash and cash equivalents	46	(8)
Net increase in cash and cash equivalents	772	27
Cash and cash equivalents, beginning of period	11,407	14,172
Cash and cash equivalents, end of period	12,179	14,199
Supplemental disclosures of cash flow information:
Cash paid for income taxes	71	106
Vendor financed software licenses acquired	0	1,213
Common stock issued for MediaMiser acquisition	$ 0	$ 525

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - 3 months ended Mar. 31, 2018 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]
Balance at Dec. 31, 2017	$ 31,119	$ 275	$ 27,275	$ 7,345	$ 846	$ (4,622)
Balance (in shares) at Dec. 31, 2017		25,878
Net loss attributable to Innodata Inc. and subsidiaries	(268)	$ 0	0	(268)	0	0
Stock-based compensation	140	0	140	0	0	0
Pension liability adjustments, net of taxes	(59)	0	0	0	(59)	0
Foreign currency translation adjustment, net of taxes	(28)	0	0	0	(28)	0
Change in fair value of derivatives, net of taxes	(531)	0	0	0	(531)	0
Balance at Mar. 31, 2018	$ 30,373	$ 275	$ 27,415	$ 7,077	$ 228	$ (4,622)
Balance (in shares) at Mar. 31, 2018		25,878

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Business Description and Accounting Policies [Text Block]	1. Description of Business and Summary of Significant Accounting Policies - Innodata Inc. and Subsidiaries (“we”, the “Company”, or “Innodata”) is a global services and technology company focused on data transformation, enrichment, and management. Through Innodata’s data refinery platform and related products and services, we enable the world’s preeminent media, publishing and information services companies, as well as data-driven enterprises, to improve operational efficiency, drive growth, and bring new data-enabled products to market. Innodata Labs, the Company’s technology incubator, focuses on applied machine learning and emerging artificial intelligence. Founded in 1988, we comprise a team of over 3,500 diverse people in eight countries. The Company operates in three reporting segments: Digital Data Solutions (DDS), which is the Company’s core business; Agility PR Solutions (Agility); and Synodex. Agility and Synodex are venture businesses that utilize the Company’s capabilities and assets to provide digital workflow products to new markets Prior to the first quarter of 2018 the Company referred to the Agility segment as Media Intelligence Solutions (MIS) and the Synodex segment as Innodata Advanced Data Solutions (IADS), and reported the results of the Innodata docGenix, LLC subsidiary (docGenix) within the IADS segment. Effective with the first quarter of 2018 the results for docGenix are reported within the DDS segment. As of March 31, 2018 Innodata Inc. owned 94 The Company’s DDS segment provides solutions to digital retailers, information services companies, publishers and enterprises that have one or more of the following broad business requirements: development of digital content; development of new digital information products; or operational support of existing digital information products and systems. By blending consulting, technology and global operations with deep domain expertise, we provide measurable outcomes for publishing companies, information services companies, and enterprises through digital business transformation, accelerating innovation and efficiency of operations. The Company’s Synodex segment designs and develops new capabilities to enable clients in the insurance and healthcare sectors to transform medical records into useable digital data and to apply technologies to the data to augment decision support. The Company’s Synodex segment operates through the Company’s Innodata Synodex, LLC subsidiary. As of March 31, 2018 Innodata Inc. owned 91 The Company’s Agility segment provides public relations (“PR”) tools and related managed services that enable PR and communications professionals to identify influencers, amplify messages, monitor coverage, and measure the impact of campaigns. Agility’s software-as-a-service (SaaS) tools include: · Media contact database and email distribution capabilities to help PR professionals to find and connect with journalists and influencers. The Agility media contact database includes detailed contact information of over 800,000 journalists, outlets, bloggers and influencers around the globe. · Media monitoring to help PR professionals track what is being said about their brand, industry or competitors. Users can monitor and report on coverage across print, broadcast, online and social media sources. With Agility’s self-service monitoring tool Agility Plus, users can create topic alerts, email news briefs/clipbooks and pre-made executive reports to help analyze PR campaign reach and effectiveness. Agility’s managed services include: · Full-service media monitoring and PR analytic services. Our team of media analysts use our SaaS monitoring solution to pull coverage and hand curate daily news briefs to eliminate noise and duplicates and add context and sentiment. This enterprise-grade media monitoring solution is for clients with complex monitoring or reporting requirements. · Advanced PR reporting and analysis services including custom reports, PR measurement and social media / influencer analysis. Agility also owns Bulldog Reporter, a publisher of PR-related news and insights and the Daily Dog, a well-known daily e-newsletter, and the Bulldog Awards, the only PR awards program judged exclusively by working journalists. The Bulldog Awards program recognizes overall outstanding performance among PR and communications professionals as well as accomplishments in diverse categories including corporate social responsibility, media relations, digital and social marketing, and not-for-profit activity. - The condensed consolidated financial statements for the interim periods included herein are unaudited; however, they contain all adjustments (consisting of only normal recurring adjustments) which, in the opinion of management, are necessary to present fairly the consolidated financial position of the Company as of March 31, 2018 and the results of its operations and comprehensive loss, cash flows and stockholders’ equity for the three months ended March 31, 2018. The results of operations for the interim periods are not necessarily indicative of results that may be expected for any other interim period or for the full year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2017, included in the Company's Annual Report on Form 10-K. Unless otherwise noted, the accounting policies used in preparing these condensed consolidated financial statements are the same as those described in the December 31, 2017 consolidated financial statements - The consolidated financial statements include the accounts of Innodata Inc. and its wholly-owned subsidiaries, Agility PR Solutions Canada, a corporation in which the Company owns substantially all of the economic interest, and the Synodex and docGenix limited liability companies that are majority-owned by the Company. The non-controlling interests in the Synodex and docGenix limited liability companies are accounted for in accordance with Financial Accounting Standards Board (FASB) non-controlling interest guidance. All significant intercompany transactions and balances have been eliminated in consolidation. Use of Estimate s - I - The functional currency of the Company’s production operations located in the Philippines, India, Sri Lanka and Israel is the U.S. dollar. Transactions denominated in Philippine pesos, Indian and Sri Lankan rupees or Israeli shekels are translated to U.S. dollars at rates which approximate those in effect on the transaction dates. The functional currency for the Company’s subsidiaries in Germany, the United Kingdom and Canada are the Euro, the Pound Sterling and the Canadian dollar, respectively. The financial statements of these subsidiaries are reported in these respective currencies. Financial information is translated from the applicable functional currency to the U.S. dollar (the reporting currency) for inclusion in its consolidated financial statements. Income, expenses and cash flows are translated at weighted average exchange rates prevailing during the fiscal period, and assets and liabilities are translated at fiscal period-end exchange rates. Resulting translation adjustments are included as a component of accumulated other comprehensive income in stockholders' equity. Foreign exchange transaction gains or losses are included in direct operating costs in the accompanying consolidated statements of operations and comprehensive loss. – Revenue is recognized when control of the promised services is transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those services as per agreed contract. The Company generates all its revenue from contracts with customers. In case there are contracts with multiple performance obligations, it identifies each performance obligation and evaluates whether the performance obligations are distinct within the context of the agreement at the contract inception. Performance obligations that are not distinct at contract inception are combined. The Company allocates the transaction price to each distinct performance obligation proportionately based on the estimated standalone selling price for each performance obligation, if any, then evaluates how the services are transferred to the customer to determine the timing of revenue recognition. The services provided for under the Company’s existing agreements with current customers, although comprised of several tasks, all form part of one performance obligation, there is an identifiable price for each service and any result transfers the control to the customer as the performance obligation is delivered. For the DDS segment, revenue is recognized based on the quantity delivered or resources utilized and in the period in which services are performed and delivery has occurred. Revenues for contracts billed on a time-and-materials basis are recognized as services are performed. Revenues under fixed-fee contracts, which are not significant to the overall revenues, are recognized on the percentage of completion method of accounting, as services are performed, or milestones are achieved. For the Synodex segment, revenue is recognized primarily based on the quantity delivered and the period in which services are performed and deliverables are made as per contracts. A portion of our Synodex segment revenue is derived from licensing ou r The Agility segment derives its revenues primarily from subscription arrangements and provision of enriched media analysis services. Revenue from subscriptions is recognized monthly when access to the service is provided to the end user; all parties to the contract have agreed to the contract; each party’s rights are identifiable; the payment terms are identifiable; the contract has commercial substance; and collection is probable. Revenue from enriched media analysis services is recognized when the services are performed and delivered to the client. Revenues include reimbursement of out-of-pocket expenses, with the corresponding out-of-pocket expenses included in direct operating costs. - In May 2014 the FASB issued guidance on revenue from contracts with clients. This update is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. It also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. This accounting guidance is effective prospectively for annual reporting periods, and interim periods within those periods, beginning after December 15, 2017. The Company adopted the new standard and related updates effective January 1, 2018 and used the modified retrospective method of adoption. The Company reviewed the terms and conditions of the existing customer contracts and applied the five discrete criteria required for recognizing revenues as set forth in ASU 2014-09. Based upon its analysis, the new revenue recognition guidance had no material impact on the Company’s consolidated condensed financial statements. In February 2016 the FASB issued guidance related to leases. This new guidance requires lessees to recognize on the balance sheet a right-of-use asset, representing its right to use the underlying asset for the lease term, and a lease liability for all leases with terms greater than 12 months. The guidance also requires qualitative and quantitative disclosures designed to assess the amount, timing, and uncertainty of cash flows arising from leases. The standard requires the use of a modified retrospective transition approach, which includes a number of optional practical expedients that entities may elect to apply. This new guidance is effective for annual periods beginning after December 15, 2018. Early application is permitted. The Company is in the process of evaluating the effect the guidance will have on its existing accounting policies and consolidated financial statements but expects there will be an increase in assets and liabilities on the consolidated balance sheets at adoption due to the recording of right-of-use assets and corresponding lease liabilities, which may be significant. In January 2017 the FASB issued guidance simplifying the accounting for goodwill impairment by removing Step 2 of the goodwill impairment test. Under current guidance, Step 2 of the goodwill impairment test requires entities to calculate the implied fair value of goodwill in the same manner as the amount of goodwill recognized in a business combination by assigning the fair value of a reporting unit to all of the assets and liabilities of the reporting unit. The carrying value in excess of the implied fair value is recognized as goodwill impairment. Under the new standard, goodwill impairment is recognized based on Step 1 of the current guidance, which calculates the carrying value in excess of the reporting unit’s fair value. The new standard is effective beginning in January 2020, with early adoption permitted. We do not anticipate that the adoption of this guidance will have a material impact on our consolidated financial segments. In March 2017 the FASB issued guidance on Compensation - Retirement Benefits relating to improvements in the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. Under existing U.S. GAAP, an entity is required to present all components of net periodic pension cost and net periodic postretirement benefit cost aggregated as a net amount in the income statement, and this net amount may be capitalized as part of an asset where appropriate. The amendments in the guidance require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period and requires the other components of net periodic pension cost and net periodic postretirement benefit cost to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations if one is presented. Additionally, only the service cost component is eligible for capitalization, when applicable. The amendments in the guidance will be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement and prospectively, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit in assets. The guidance was effective for interim and annual periods beginning after December 15, 2017. We adopted this standard on January 1, 2018 and it had no material impact on the consolidated financial statements. In August 2017 the FASB amended the requirements of the Derivatives and Hedging Topic of the Accounting Standards Codification to improve the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements. The amendments will be effective for the Company for interim and annual periods beginning after December 15, 2018. Early adoption is permitted. The Company does not anticipate that the adoption of this guidance will have a material impact on its consolidated financial statements.

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	2. Property and Equipment March 31, December 31, 2018 2017 Equipment $ 13,559 $ 13,574 Software 7,700 7,291 Furniture and equipment 2,267 2,276 Leasehold improvements 5,331 5,342 Total 28,857 28,483 Less: accumulated depreciation and amortization (21,830) (21,294) $ 7,027 $ 7,189 Depreciation and amortization expense of property and equipment was approximately $ 0.6

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	3. Goodwill and Intangible Assets The changes in the carrying amount of goodwill for the three months ended March 31, 2018 and 2017 were as follows (in thousands): Goodwill Balance as of January 1, 2018 $ 2,832 Foreign currency translation adjustment 2 Balance as of March 31, 2018 $ 2,834 Balance as of January 1, 2017 $ 2,734 Foreign currency translation adjustment 13 Balance as of March 31, 2017 $ 2,747 Trademarks Media and Contact Developed technology Customer relationships trade names Patents Database Total Gross carrying amounts: Balance as of January 1, 2018 $ 3,204 $ 2,264 $ 884 $ 46 $ 3,647 $ 10,045 Foreign currency translation (33) (53) - (1) 67 (20) Balance as of March 31, 2018 $ 3,171 $ 2,211 $ 884 $ 45 $ 3,714 $ 10,025 Trademarks Media and Contact Developed technology Customer relationships trade names Patents Database Total Gross carrying amounts: Balance as of January 1, 2017 $ 3,019 $ 2,112 $ 865 $ 43 $ 3,510 $ 9,549 Foreign currency translation 20 16 (6) - 18 48 Balance as of March 31, 2017 $ 3,039 $ 2,128 $ 859 $ 43 $ 3,528 $ 9,597 Trademarks Media and Contact Developed technology Customer relationships trade names Patents Database Total Accumulated amortization: Balance as of January 1, 2018 $ 902 $ 645 $ 330 $ 15 $ 547 $ 2,439 Amortization expense 80 47 31 1 90 249 Foreign currency translation (15) (17) (2) 1 12 (21) Balance as of March 31, 2018 $ 967 $ 675 $ 359 $ 17 $ 649 $ 2,667 Trademarks Media and Contact Developed technology Customer relationships trade names Patents Database Total Accumulated amortization: Balance as of January 1, 2017 $ 545 $ 425 $ 203 $ 10 $ 175 $ 1,358 Amortization expense 77 45 30 1 90 243 Foreign currency translation 2 3 - 1 - 6 Balance as of March 31, 2017 $ 624 $ 473 $ 233 $ 12 $ 265 $ 1,607 Amortization expense relating to acquisition-related intangible assets was $ 0.2 Year Amortization 2018 $ 999 2019 983 2020 934 2021 934 2022 934 Thereafter 2,574 $ 7,358

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	4. Income Taxes In December 2017 the President signed the U.S. Tax Cuts and Jobs Act (2017 Tax Act) which includes a broad range of provisions, many of which significantly differ from those contained in previous U.S. tax law. The 2017 Tax Act contains several key provisions including, among other things: · A one-time tax on the mandatory deemed repatriation of post-1986 untaxed foreign earnings and profits (“E&P”), referred to as the “toll charge”; · A reduction in the maximum Corporate tax rate from 35 21 · An introduction of a new U.S. tax on certain off-shore earnings referred to as Global Intangible Low-Taxed Income (GILTI) at an effective tax rate of 10.5 13.125 Pursuant to the 2017 Tax Act, in the fourth quarter of 2017 the Company incurred a toll charge on the Company’s post-1986 untaxed foreign E&P which was offset against the Company’s net loss carryforwards. In addition, the Company remeasured its deferred tax assets and adjusted its deferred tax valuation allowance to reflect the new U.S. Federal tax rate of 21%. Based on the Company’s calculations, the Company will not have any liability for taxes with respect to repatriated foreign earnings under IRS Reg 956 until its cumulative exposure for unrepatriated foreign earnings reaches a threshold of $24.8 million. Nevertheless, the Company currently intends to reinvest the foreign earnings in its foreign subsidiaries and not repatriate them to the U.S. until needed because of the foreign jurisdiction withholding taxes that the Company would incur on repatriation. In the first quarter of 2018 we performed a calculation of the GILTI provisions and concluded that it has no impact on account of the net losses of our foreign subsidiaries. The Company had unrecognized tax benefits of approximately $ 0.9 0.4 In assessing the realization of deferred tax assets, management considers whether it is more likely than not that all or some portion of the deferred tax assets will not be realizable. The ultimate realization of the deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences are deductible and net operating losses are available. As of March 31, 2018, the Company continues to maintain a valuation allowance on all U.S. and Canadian deferred tax assets. Unrecognized tax benefits Balance - January 1, 2018 $ 911 Interest accrual 9 Foreign currency revaluation (14) Balance - March 31, 2018 $ 906 The Company is subject to Federal income tax, as well as income tax in various states and foreign jurisdictions. The Company is no longer subject to examination by Federal tax authorities for years prior to 2006 and by New Jersey tax authorities for years prior to 2012. Various foreign subsidiaries currently have open tax years from 2003 through 2016. In October 2010 the Company’s Indian subsidiary received an assessment from the Indian Income Tax Department for the fiscal year ended March 31, 2006. Management disagrees with the basis of this tax assessment, has filed an appeal against the assessment and is contesting it. Management believes that its recorded tax liability of $ 353,000 In January 2012 the Company’s Indian subsidiary received an assessment from the Indian Income Tax Department for the fiscal year ended March 31, 2008. Management disagrees with the basis of this tax assessment, and successfully appealed the assessment. The income tax assessing officer has filed an appeal against the decision entered in favor of the subsidiary. Management is contesting the appeal filed by the assessing officer. Management believes that its recorded tax liability of $ 369,000 Management believes that the Company’s recorded tax liabilities are adequate in the aggregate for its income tax exposures. In September 2015 the Company’s Indian subsidiary was subject to an inquiry by the Service Tax Department in India regarding the classification of services provided by this subsidiary, asserting that the services provided by this subsidiary fall under the category of online information and database access or retrieval services (OID Services), and not under the category of business support services (BS Services) that are exempt from service tax as historically indicated in the subsidiary’s service tax filings. The Company disagrees with the Service Tax Department’s position and is vigorously contesting these assertions. In the event the Service Tax Department is successful in proving that the services fall under the category of OID Services the revenues earned by the Company’s Indian subsidiary for the period July 2012 through November 2016 would be subject to a service tax of between 12.36 15 72.4 In October 2016 the Company’s Indian subsidiary received notices of appeal from the Indian Service Tax Department in India seeking to reverse service tax refunds of approximately $ 160,000 1.0 From time to time the Company is subject to various other tax proceedings and claims for its Philippines subsidiaries. The Company has recorded a tax provision amounting to $ 184,000

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	5. Commitments and Contingencies Litigation 6.2 plus legal interest that accrued at 12% per annum from August 13, 2008 to June 30, 2013, and thereafter accrued and continues to accrue at 6% per annum The Company is also subject to various other legal proceedings and claims which arise in the ordinary course of business. While management currently believes that the ultimate outcome of these proceedings will not have a material adverse effect on the Company’s consolidated financial position or overall trends in consolidated results of operations, litigation is subject to inherent uncertainties. Substantial recovery against the Company in the above-referenced Philippines action could have a material adverse impact on the Company, and unfavorable rulings or recoveries in the other proceedings could have a material adverse impact on the consolidated operating results of the period in which the ruling or recovery occurs. In addition, the Company’s estimate of potential impact on the Company’s consolidated financial position or overall consolidated results of operations for the above referenced legal proceedings could change in the future. The Company’s legal reserves related to legal proceedings and claims are based on a determination of whether or not a loss is probable. The Company reviews outstanding proceedings and claims with external counsel to assess probability and estimates of loss. The reserves are adjusted if necessary. While the Company intends to defend these matters vigorously, adverse outcomes that it estimates could reach approximately $ 100,000 Foreign Currency - To the extent that the currencies of the Company’s production facilities located in the Philippines, India, Sri Lanka and Israel fluctuate, the Company is subject to risks of changing costs of production after pricing is established for certain client projects. In addition, the Company is exposed to the risk on foreign currency fluctuation on the non-U.S. dollar denominated revenues, and on the monetary assets and liabilities held by its foreign subsidiaries that are denominated in local currency. Indemnifications - The Company is obligated under certain circumstances to indemnify directors, certain officers and employees against costs and liabilities incurred in actions or threatened actions brought against such individuals because such individuals acted in the capacity of director and/or officer or fiduciary of the Company. In addition, the Company has contracts with certain clients pursuant to which the Company has agreed to indemnify the client for certain specified and limited claims. These indemnification obligations occur in the ordinary course of business and, in many cases, do not include a limit on potential maximum future payments. As of March 31, 2018, the Company has not recorded a liability for any obligations arising as a result of these indemnifications.

Stock Options

Stock Options	3 Months Ended
	Mar. 31, 2018
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	6. Stock Options On June 7, 2016 stockholders of the Company approved amendments to the Innodata Inc. 2013 Stock Plan. The Innodata Inc. 2013 Stock Plan as amended and restated effective June 7, 2016 is referred to herein as the “Plan.” The number of shares of common stock of Innodata Inc. (“Stock”) that may be delivered, purchased or used for reference purposes (with respect to stock appreciation rights or stock units) for awards granted under the Plan after June 7, 2016 is 5,858,892 Weighted - Remaining Aggregate Number of Average Exercise Contractual Term Intrinsic Options Price (years) Value Outstanding at January 1, 2018 4,241,799 $ 2.82 Granted - - Exercised - - Forfeited/Expired (2,824) 3.39 Outstanding at March 31, 2018 4,238,975 $ 2.82 4.55 $ - Exercisable at March 31, 2018 3,680,870 $ 2.86 3.98 $ - Vested and Expected to Vest at March 31, 2018 4,238,975 $ 2.82 4.55 $ - The were no options granted for the three months ended March 31, 2018 and 2017. The total compensation cost related to non-vested stock awards not yet recognized as of March 31, 2018 totaled approximately $ 0.6 Three months ended March 31, 2018 2017 Direct operating costs $ 54 $ 92 Selling and administrative expenses 86 196 Total stock-based compensation $ 140 $ 288

Long-term Obligations

Long-term Obligations	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	7. Long-term Obligations March 31, December 31, 2018 2017 Capital lease obligations $ 739 $ 829 Deferred lease payments (1) 691 731 Microsoft licenses (2) 608 751 Acquisition related liability (3) 781 800 Lease incentive liability (4) 640 664 Pension obligations - accrued pension liability 2,839 2,835 6,298 6,610 Less: Current portion of long-term obligations 2,110 2,133 Totals $ 4,188 $ 4,477 (1) Deferred lease payments represent the effect of straight-lining operating lease payments over the respective lease terms. (2) In March 2017, the Company renewed a vendor agreement to acquire certain additional software licenses and to receive support and subsequent software upgrades on these and other currently owned software licenses through February 2020. Pursuant to this agreement, the Company is obligated to pay approximately $ 0.4 Prepaid expenses and other current assets $ 404 Other assets 809 $ 1,213 (3) On September 30, 2016, the Company and the other parties to the transaction in which the Company acquired MediaMiser amended the terms on which a subsidiary of the Company is required to make a supplemental purchase price payment for MediaMiser. Prior to the amendment, the amount of the supplemental purchase price payment was to be determined by the achievement of certain financial thresholds and was in no event to exceed $ 3.8 5 1.5 2 70 253,622 30 (4) In the second quarter of 2017, the Company relocated its U.S. and Canadian headquarters to new premises. As a financial incentive for the Company to lease office space in each of the new locations, the respective lessor for each of the locations offered to partially defray the construction cost for the new office space by offering tenant improvement allowances, subject to the refund of any unamortized portion of the allowance under specified circumstances as set forth in each lease. These amounts will be amortized based on the contractual lease

Comprehensive Loss

Comprehensive Loss	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Comprehensive Income (Loss) Note [Text Block]	8. Comprehensive Loss Accumulated other comprehensive loss, as reflected in the consolidated balance sheets, consists of pension liability adjustments, net of taxes, foreign currency translation adjustment, net of taxes and changes in fair value of derivatives, net of taxes. The components of accumulated other comprehensive income (loss) as of March 31, 2018, and reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2018 and 2017, were as follows (net of tax) (in thousands): Foreign Currency Accumulated Other Pension Liability Fair Value of Translation Comprehensive Adjustment Derivatives Adjustment Income (Loss) Balance at January 1, 2018 $ 1,191 $ 342 $ (687) $ 846 Other comprehensive income before reclassifications, net of taxes - (536) (28) (564) Total other comprehensive income (loss) before reclassifications, net of taxes 1,191 (194) (715) 282 Net amount reclassified to earnings (59) 5 - (54) Balance at March 31, 2018 $ 1,132 $ (189) $ (715) $ 228 Foreign Currency Accumulated Other Pension Liability Fair Value of Translation Comprehensive Adjustment Derivatives Adjustment Income (Loss) Balance at January 1, 2017 $ 1,387 $ (318) $ (1,393) $ (324) Other comprehensive income before reclassifications, net of taxes - 233 24 257 Total other comprehensive income (loss) before reclassifications, net of taxes 1,387 (85) (1,369) (67) Net amount reclassified to earnings (62) 78 - 16 Balance at March 31, 2017 $ 1,325 $ (7) $ (1,369) $ (51) All reclassifications out of accumulated other comprehensive income (loss) had an impact on direct operating costs in the condensed consolidated statements of operations and comprehensive loss.

Segment Reporting and Concentra

Segment Reporting and Concentrations	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	9. Segment Reporting and Concentrations The Company’s operations are classified in three reporting segments: Digital Data Solutions (DDS), Agility PR Solutions (Agility); and Synodex. Prior to the first quarter of 2018 the Company referred to the Agility segment as Media Intelligence Solutions (MIS) and the Synodex segment as Innodata Advanced Data Solutions (IADS), and reported the results of the Innodata docGenix, LLC subsidiary (docGenix) within the IADS segment. Effective with the first quarter of 2018 the results for docGenix are reported within the DDS segment. The DDS segment provides solutions to digital retailers, information services companies, publishers and enterprises that have one or more of the following broad business requirements: development of digital content; development of new digital information products; or operational support of existing digital information products and systems. By blending consulting, technology and global operations with deep domain expertise, we provide measurable outcomes for publishing companies, information services companies, and enterprises through digital business transformation, accelerating innovation and efficiency of operations. The Synodex segment designs and develops new capabilities to enable clients in the insurance and healthcare sectors to transform medical records into useable digital data and to apply technologies to the data to augment decision support. The Agility segment provides PR tools and related managed services that enable PR and communications professionals to identify influencers, amplify messages, monitor coverage, and measure the impact of campaigns. Agility also owns Bulldog Reporter, a publisher of PR-related news and insights and the Daily Dog, a well-known daily e-newsletter, and the Bulldog Awards, the only PR awards program judged exclusively by working journalists. A significant portion of the Company’s revenues is generated from its production facilities in the Philippines, India, Sri Lanka, Canada, Germany, the United Kingdom and Israel. The results below for the three months ended March 31, 2017 are presented on a reclassified basis as if for the first quarter of 2017 docGenix had been included in the DDS segment and the Synodex segment had solely included the results of Synodex. docGenix revenue was $ 132,000 278,000 . Three Months Ended March 31, Revenues: 2018 2017 DDS $ 10,477 $ 11,633 Synodex 981 724 Agility 2,662 2,596 Total Consolidated $ 14,120 $ 14,953 Income (loss) before provision for income taxes (1) DDS $ 656 $ (179) Synodex (35) (1,042) Agility (315) (162) Total Consolidated $ 306 $ (1,383) Income (loss) before provision for income taxes (2) DDS $ 590 $ (725) Synodex 7 (506) Agility (291) (152) Total Consolidated $ 306 $ (1,383) March 31, 2018 December 31, 2017 Total assets: DDS $ 23,120 $ 26,173 Synodex 466 678 Agility 22,969 21,020 Total Consolidated $ 46,555 $ 47,871 March 31, 2018 December 31, 2017 Goodwill: DDS $ 675 $ 675 Agility 2,159 2,157 Total Consolidated $ 2,834 $ 2,832 (1) Before elimination of inter-segment profits (2) After elimination of inter-segment profits Three months ended March 31, 2018 2017 United States $ 5,979 $ 6,621 United Kingdom 2,955 3,285 The Netherlands 1,762 1,894 Canada 1,469 1,475 Other - principally Europe 1,955 1,678 $ 14,120 $ 14,953 March 31, December 31, 2018 2017 United States $ 5,223 $ 5,321 Foreign countries: Canada 6,901 6,888 United Kingdom 2,444 2,388 Philippines 1,259 1,446 India 915 1,042 Sri Lanka 443 504 Israel 32 36 Germany 2 2 Total foreign 11,996 12,306 $ 17,219 $ 17,627 Two clients in the DDS segment generated approximately 32 30 10 58 56 As of March 31, 2018, approximately 64 47 61 51

Loss Per Share

Loss Per Share	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	10. Loss Per Share Three months ended March 31, 2018 2017 (in thousands) Net loss attributable to Innodata Inc. and Subsidiaries $ (268) $ (1,730) Weighted average common shares outstanding 25,878 25,627 Dilutive effect of outstanding options - - Adjusted for dilutive effects 25,878 25,627 Basic net loss per share is computed using the weighted-average number of common shares outstanding during the period. For those securities that are not convertible into a class of common stock, the “two-class” method of computing income (loss) per share is used. Options to purchase 4.2 5.1

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	11. Derivatives The Company conducts a large portion of its operations in international markets that subject it to foreign currency fluctuations. The most significant foreign currency exposures occur when revenue and associated accounts receivable are collected in one currency and expenses to generate that revenue are incurred in another currency. The Company’s primary exchange rate exposure relates to payroll, other payroll costs and operating expenses in the Philippines, India, Sri Lanka and Israel. In addition, although most of the Company’s revenues are denominated in U.S. dollars, a significant portion of the total revenues is denominated in Canadian dollars, Pound Sterling and Euros. To manage its exposure to fluctuations in foreign currency exchange rates, the Company enters into foreign currency forward contracts, authorized under Company policies, with counterparties that are highly rated financial institutions. The Company utilizes non-deliverable forward contracts expiring within twelve months to reduce its foreign currency risk. The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk management objective and strategy for undertaking hedge transactions. The Company does not hold or issue derivatives for trading purposes. All derivatives are recognized at their fair value and classified based on the instrument’s maturity date. The total notional amount for outstanding derivatives as of March 31, 2018 and December 31, 2017 was $ 11.3 15.9 Balance Sheet Location Fair Value 2018 2017 Derivatives designated as hedging instruments: Foreign currency forward contracts Prepaid expenses and other current assets $ - $ 342 Foreign currency forward contracts Accrued expenses $ 189 $ - Three Months Ended March 31, 2018 2017 Net gain (loss) recognized in OCI (1) $ (536) $ 233 Net gain (loss) reclassified from accumulated OCI into income (2) $ (5) $ (78) Net gain recognized in income (3) $ - $ - (1) Net change in fair value of the effective portion classified into other comprehensive income (loss) ("OCI"). (2) Effective portion classified within direct operating costs. (3) There were no ineffective portions for the periods presented.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2018
Investments, All Other Investments [Abstract]
Financial Instruments Disclosure [Text Block]	12. Financial Instruments The carrying amounts of financial instruments, including cash and cash equivalents, accounts receivable and accounts payable approximated their fair value as of March 31, 2018 and December 31, 2017, because of the relative short maturity of these instruments. “ Fair Value Measurements and Disclosures The accounting standard establishes a fair value hierarchy that prioritizes the inputs used to measure fair value into three levels. The three levels are defined as follows: · Level 1 · Level 2: · Level 3: The following tables set forth the liabilities as of March 31, 2018 and December 31, 2017 that the Company measured at fair value, on a recurring basis by level, within the fair value hierarchy (in thousands). As required by the standard, liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement (in thousands): March 31, 2018 Level 1 Level 2 Level 3 Liabilities Derivatives $ - $ 189 $ - December 31, 2017 Level 1 Level 2 Level 3 Assets Derivatives $ - $ 342 $ - The Level 2 liabilities contain foreign currency forward contracts. Fair value is determined based on the observable market transactions of spot and forward rates. The fair value of these contracts as of March 31, 2018 is included in accrued expenses in the accompanying condensed consolidated balance sheets. The fair value of these contracts as of December 31, 2017 is included in prepaid and other current assets in the accompanying condensed consolidated balance sheets.

Description of Business and S19

Description of Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Business Combinations Policy [Policy Text Block]	Description of Business - Innodata Inc. and Subsidiaries (“we”, the “Company”, or “Innodata”) is a global services and technology company focused on data transformation, enrichment, and management. Through Innodata’s data refinery platform and related products and services, we enable the world’s preeminent media, publishing and information services companies, as well as data-driven enterprises, to improve operational efficiency, drive growth, and bring new data-enabled products to market. Innodata Labs, the Company’s technology incubator, focuses on applied machine learning and emerging artificial intelligence. Founded in 1988, we comprise a team of over 3,500 diverse people in eight countries. The Company operates in three reporting segments: Digital Data Solutions (DDS), which is the Company’s core business; Agility PR Solutions (Agility); and Synodex. Agility and Synodex are venture businesses that utilize the Company’s capabilities and assets to provide digital workflow products to new markets Prior to the first quarter of 2018 the Company referred to the Agility segment as Media Intelligence Solutions (MIS) and the Synodex segment as Innodata Advanced Data Solutions (IADS), and reported the results of the Innodata docGenix, LLC subsidiary (docGenix) within the IADS segment. Effective with the first quarter of 2018 the results for docGenix are reported within the DDS segment. As of March 31, 2018 Innodata Inc. owned 94 The Company’s DDS segment provides solutions to digital retailers, information services companies, publishers and enterprises that have one or more of the following broad business requirements: development of digital content; development of new digital information products; or operational support of existing digital information products and systems. By blending consulting, technology and global operations with deep domain expertise, we provide measurable outcomes for publishing companies, information services companies, and enterprises through digital business transformation, accelerating innovation and efficiency of operations. The Company’s Synodex segment designs and develops new capabilities to enable clients in the insurance and healthcare sectors to transform medical records into useable digital data and to apply technologies to the data to augment decision support. The Company’s Synodex segment operates through the Company’s Innodata Synodex, LLC subsidiary. As of March 31, 2018 Innodata Inc. owned 91 The Company’s Agility segment provides public relations (“PR”) tools and related managed services that enable PR and communications professionals to identify influencers, amplify messages, monitor coverage, and measure the impact of campaigns. Agility’s software-as-a-service (SaaS) tools include: · Media contact database and email distribution capabilities to help PR professionals to find and connect with journalists and influencers. The Agility media contact database includes detailed contact information of over 800,000 journalists, outlets, bloggers and influencers around the globe. · Media monitoring to help PR professionals track what is being said about their brand, industry or competitors. Users can monitor and report on coverage across print, broadcast, online and social media sources. With Agility’s self-service monitoring tool Agility Plus, users can create topic alerts, email news briefs/clipbooks and pre-made executive reports to help analyze PR campaign reach and effectiveness. Agility’s managed services include: · Full-service media monitoring and PR analytic services. Our team of media analysts use our SaaS monitoring solution to pull coverage and hand curate daily news briefs to eliminate noise and duplicates and add context and sentiment. This enterprise-grade media monitoring solution is for clients with complex monitoring or reporting requirements. · Advanced PR reporting and analysis services including custom reports, PR measurement and social media / influencer analysis. Agility also owns Bulldog Reporter, a publisher of PR-related news and insights and the Daily Dog, a well-known daily e-newsletter, and the Bulldog Awards, the only PR awards program judged exclusively by working journalists. The Bulldog Awards program recognizes overall outstanding performance among PR and communications professionals as well as accomplishments in diverse categories including corporate social responsibility, media relations, digital and social marketing, and not-for-profit activity.
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation - The condensed consolidated financial statements for the interim periods included herein are unaudited; however, they contain all adjustments (consisting of only normal recurring adjustments) which, in the opinion of management, are necessary to present fairly the consolidated financial position of the Company as of March 31, 2018 and the results of its operations and comprehensive loss, cash flows and stockholders’ equity for the three months ended March 31, 2018. The results of operations for the interim periods are not necessarily indicative of results that may be expected for any other interim period or for the full year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2017, included in the Company's Annual Report on Form 10-K. Unless otherwise noted, the accounting policies used in preparing these condensed consolidated financial statements are the same as those described in the December 31, 2017 consolidated financial statements
Consolidation, Policy [Policy Text Block]	- The consolidated financial statements include the accounts of Innodata Inc. and its wholly-owned subsidiaries, Agility PR Solutions Canada, a corporation in which the Company owns substantially all of the economic interest, and the Synodex and docGenix limited liability companies that are majority-owned by the Company. The non-controlling interests in the Synodex and docGenix limited liability companies are accounted for in accordance with Financial Accounting Standards Board (FASB) non-controlling interest guidance. All significant intercompany transactions and balances have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimate s - I
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation - The functional currency of the Company’s production operations located in the Philippines, India, Sri Lanka and Israel is the U.S. dollar. Transactions denominated in Philippine pesos, Indian and Sri Lankan rupees or Israeli shekels are translated to U.S. dollars at rates which approximate those in effect on the transaction dates. The functional currency for the Company’s subsidiaries in Germany, the United Kingdom and Canada are the Euro, the Pound Sterling and the Canadian dollar, respectively. The financial statements of these subsidiaries are reported in these respective currencies. Financial information is translated from the applicable functional currency to the U.S. dollar (the reporting currency) for inclusion in its consolidated financial statements. Income, expenses and cash flows are translated at weighted average exchange rates prevailing during the fiscal period, and assets and liabilities are translated at fiscal period-end exchange rates. Resulting translation adjustments are included as a component of accumulated other comprehensive income in stockholders' equity. Foreign exchange transaction gains or losses are included in direct operating costs in the accompanying consolidated statements of operations and comprehensive loss.
Revenue Recognition, Policy [Policy Text Block]	– Revenue is recognized when control of the promised services is transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those services as per agreed contract. The Company generates all its revenue from contracts with customers. In case there are contracts with multiple performance obligations, it identifies each performance obligation and evaluates whether the performance obligations are distinct within the context of the agreement at the contract inception. Performance obligations that are not distinct at contract inception are combined. The Company allocates the transaction price to each distinct performance obligation proportionately based on the estimated standalone selling price for each performance obligation, if any, then evaluates how the services are transferred to the customer to determine the timing of revenue recognition. The services provided for under the Company’s existing agreements with current customers, although comprised of several tasks, all form part of one performance obligation, there is an identifiable price for each service and any result transfers the control to the customer as the performance obligation is delivered. For the DDS segment, revenue is recognized based on the quantity delivered or resources utilized and in the period in which services are performed and delivery has occurred. Revenues for contracts billed on a time-and-materials basis are recognized as services are performed. Revenues under fixed-fee contracts, which are not significant to the overall revenues, are recognized on the percentage of completion method of accounting, as services are performed, or milestones are achieved. For the Synodex segment, revenue is recognized primarily based on the quantity delivered and the period in which services are performed and deliverables are made as per contracts. A portion of our Synodex segment revenue is derived from licensing ou r The Agility segment derives its revenues primarily from subscription arrangements and provision of enriched media analysis services. Revenue from subscriptions is recognized monthly when access to the service is provided to the end user; all parties to the contract have agreed to the contract; each party’s rights are identifiable; the payment terms are identifiable; the contract has commercial substance; and collection is probable. Revenue from enriched media analysis services is recognized when the services are performed and delivered to the client. Revenues include reimbursement of out-of-pocket expenses, with the corresponding out-of-pocket expenses included in direct operating costs.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements - In May 2014 the FASB issued guidance on revenue from contracts with clients. This update is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. It also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. This accounting guidance is effective prospectively for annual reporting periods, and interim periods within those periods, beginning after December 15, 2017. The Company adopted the new standard and related updates effective January 1, 2018 and used the modified retrospective method of adoption. The Company reviewed the terms and conditions of the existing customer contracts and applied the five discrete criteria required for recognizing revenues as set forth in ASU 2014-09. Based upon its analysis, the new revenue recognition guidance had no material impact on the Company’s consolidated condensed financial statements. In February 2016 the FASB issued guidance related to leases. This new guidance requires lessees to recognize on the balance sheet a right-of-use asset, representing its right to use the underlying asset for the lease term, and a lease liability for all leases with terms greater than 12 months. The guidance also requires qualitative and quantitative disclosures designed to assess the amount, timing, and uncertainty of cash flows arising from leases. The standard requires the use of a modified retrospective transition approach, which includes a number of optional practical expedients that entities may elect to apply. This new guidance is effective for annual periods beginning after December 15, 2018. Early application is permitted. The Company is in the process of evaluating the effect the guidance will have on its existing accounting policies and consolidated financial statements but expects there will be an increase in assets and liabilities on the consolidated balance sheets at adoption due to the recording of right-of-use assets and corresponding lease liabilities, which may be significant. In January 2017 the FASB issued guidance simplifying the accounting for goodwill impairment by removing Step 2 of the goodwill impairment test. Under current guidance, Step 2 of the goodwill impairment test requires entities to calculate the implied fair value of goodwill in the same manner as the amount of goodwill recognized in a business combination by assigning the fair value of a reporting unit to all of the assets and liabilities of the reporting unit. The carrying value in excess of the implied fair value is recognized as goodwill impairment. Under the new standard, goodwill impairment is recognized based on Step 1 of the current guidance, which calculates the carrying value in excess of the reporting unit’s fair value. The new standard is effective beginning in January 2020, with early adoption permitted. We do not anticipate that the adoption of this guidance will have a material impact on our consolidated financial segments. In March 2017 the FASB issued guidance on Compensation - Retirement Benefits relating to improvements in the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. Under existing U.S. GAAP, an entity is required to present all components of net periodic pension cost and net periodic postretirement benefit cost aggregated as a net amount in the income statement, and this net amount may be capitalized as part of an asset where appropriate. The amendments in the guidance require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period and requires the other components of net periodic pension cost and net periodic postretirement benefit cost to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations if one is presented. Additionally, only the service cost component is eligible for capitalization, when applicable. The amendments in the guidance will be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement and prospectively, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit in assets. The guidance was effective for interim and annual periods beginning after December 15, 2017. We adopted this standard on January 1, 2018 and it had no material impact on the consolidated financial statements. In August 2017 the FASB amended the requirements of the Derivatives and Hedging Topic of the Accounting Standards Codification to improve the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements. The amendments will be effective for the Company for interim and annual periods beginning after December 15, 2018. Early adoption is permitted. The Company does not anticipate that the adoption of this guidance will have a material impact on its consolidated financial statements.

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	March 31, December 31, 2018 2017 Equipment $ 13,559 $ 13,574 Software 7,700 7,291 Furniture and equipment 2,267 2,276 Leasehold improvements 5,331 5,342 Total 28,857 28,483 Less: accumulated depreciation and amortization (21,830) (21,294) $ 7,027 $ 7,189

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	The changes in the carrying amount of goodwill for the three months ended March 31, 2018 and 2017 were as follows (in thousands): Goodwill Balance as of January 1, 2018 $ 2,832 Foreign currency translation adjustment 2 Balance as of March 31, 2018 $ 2,834 Balance as of January 1, 2017 $ 2,734 Foreign currency translation adjustment 13 Balance as of March 31, 2017 $ 2,747
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Trademarks Media and Contact Developed technology Customer relationships trade names Patents Database Total Gross carrying amounts: Balance as of January 1, 2018 $ 3,204 $ 2,264 $ 884 $ 46 $ 3,647 $ 10,045 Foreign currency translation (33) (53) - (1) 67 (20) Balance as of March 31, 2018 $ 3,171 $ 2,211 $ 884 $ 45 $ 3,714 $ 10,025 Trademarks Media and Contact Developed technology Customer relationships trade names Patents Database Total Gross carrying amounts: Balance as of January 1, 2017 $ 3,019 $ 2,112 $ 865 $ 43 $ 3,510 $ 9,549 Foreign currency translation 20 16 (6) - 18 48 Balance as of March 31, 2017 $ 3,039 $ 2,128 $ 859 $ 43 $ 3,528 $ 9,597 Trademarks Media and Contact Developed technology Customer relationships trade names Patents Database Total Accumulated amortization: Balance as of January 1, 2018 $ 902 $ 645 $ 330 $ 15 $ 547 $ 2,439 Amortization expense 80 47 31 1 90 249 Foreign currency translation (15) (17) (2) 1 12 (21) Balance as of March 31, 2018 $ 967 $ 675 $ 359 $ 17 $ 649 $ 2,667 Trademarks Media and Contact Developed technology Customer relationships trade names Patents Database Total Accumulated amortization: Balance as of January 1, 2017 $ 545 $ 425 $ 203 $ 10 $ 175 $ 1,358 Amortization expense 77 45 30 1 90 243 Foreign currency translation 2 3 - 1 - 6 Balance as of March 31, 2017 $ 624 $ 473 $ 233 $ 12 $ 265 $ 1,607
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Estimated amortization expense for intangible assets after March 31, 2018 is as follows (in thousands): Year Amortization 2018 $ 999 2019 983 2020 934 2021 934 2022 934 Thereafter 2,574 $ 7,358

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	The following presents a roll-forward of the Company’s unrecognized tax benefits and associated interest for the three months ended March 31, 2018 (amounts in thousands): Unrecognized tax benefits Balance - January 1, 2018 $ 911 Interest accrual 9 Foreign currency revaluation (14) Balance - March 31, 2018 $ 906

Stock Options (Tables)

Stock Options (Tables)	3 Months Ended
	Mar. 31, 2018
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Weighted - Remaining Aggregate Number of Average Exercise Contractual Term Intrinsic Options Price (years) Value Outstanding at January 1, 2018 4,241,799 $ 2.82 Granted - - Exercised - - Forfeited/Expired (2,824) 3.39 Outstanding at March 31, 2018 4,238,975 $ 2.82 4.55 $ - Exercisable at March 31, 2018 3,680,870 $ 2.86 3.98 $ - Vested and Expected to Vest at March 31, 2018 4,238,975 $ 2.82 4.55 $ -
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	The stock-based compensation expense related to the Company’s various stock awards was allocated as follows (in thousands): Three months ended March 31, 2018 2017 Direct operating costs $ 54 $ 92 Selling and administrative expenses 86 196 Total stock-based compensation $ 140 $ 288

Long-term Obligations (Tables)

Long-term Obligations (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Total long-term obligations as of March 31, 2018 and December 31, 2017 consist of the following (in thousands): March 31, December 31, 2018 2017 Capital lease obligations $ 739 $ 829 Deferred lease payments (1) 691 731 Microsoft licenses (2) 608 751 Acquisition related liability (3) 781 800 Lease incentive liability (4) 640 664 Pension obligations - accrued pension liability 2,839 2,835 6,298 6,610 Less: Current portion of long-term obligations 2,110 2,133 Totals $ 4,188 $ 4,477 (1) Deferred lease payments represent the effect of straight-lining operating lease payments over the respective lease terms. (2) In March 2017, the Company renewed a vendor agreement to acquire certain additional software licenses and to receive support and subsequent software upgrades on these and other currently owned software licenses through February 2020. Pursuant to this agreement, the Company is obligated to pay approximately $ 0.4 Prepaid expenses and other current assets $ 404 Other assets 809 $ 1,213 (3) On September 30, 2016, the Company and the other parties to the transaction in which the Company acquired MediaMiser amended the terms on which a subsidiary of the Company is required to make a supplemental purchase price payment for MediaMiser. Prior to the amendment, the amount of the supplemental purchase price payment was to be determined by the achievement of certain financial thresholds and was in no event to exceed $ 3.8 5 1.5 2 70 253,622 30 (4) In the second quarter of 2017, the Company relocated its U.S. and Canadian headquarters to new premises. As a financial incentive for the Company to lease office space in each of the new locations, the respective lessor for each of the locations offered to partially defray the construction cost for the new office space by offering tenant improvement allowances, subject to the refund of any unamortized portion of the allowance under specified circumstances as set forth in each lease. These amounts will be amortized based on the contractual lease

Comprehensive Loss (Tables)

Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The components of accumulated other comprehensive income (loss) as of March 31, 2018, and reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2018 and 2017, were as follows (net of tax) (in thousands): Foreign Currency Accumulated Other Pension Liability Fair Value of Translation Comprehensive Adjustment Derivatives Adjustment Income (Loss) Balance at January 1, 2018 $ 1,191 $ 342 $ (687) $ 846 Other comprehensive income before reclassifications, net of taxes - (536) (28) (564) Total other comprehensive income (loss) before reclassifications, net of taxes 1,191 (194) (715) 282 Net amount reclassified to earnings (59) 5 - (54) Balance at March 31, 2018 $ 1,132 $ (189) $ (715) $ 228 Foreign Currency Accumulated Other Pension Liability Fair Value of Translation Comprehensive Adjustment Derivatives Adjustment Income (Loss) Balance at January 1, 2017 $ 1,387 $ (318) $ (1,393) $ (324) Other comprehensive income before reclassifications, net of taxes - 233 24 257 Total other comprehensive income (loss) before reclassifications, net of taxes 1,387 (85) (1,369) (67) Net amount reclassified to earnings (62) 78 - 16 Balance at March 31, 2017 $ 1,325 $ (7) $ (1,369) $ (51)

Segment Reporting and Concent26

Segment Reporting and Concentrations (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Revenues from external clients and segment operating profit (loss), and other reportable segment information are as follows (in thousands): Three Months Ended March 31, Revenues: 2018 2017 DDS $ 10,477 $ 11,633 Synodex 981 724 Agility 2,662 2,596 Total Consolidated $ 14,120 $ 14,953 Income (loss) before provision for income taxes (1) DDS $ 656 $ (179) Synodex (35) (1,042) Agility (315) (162) Total Consolidated $ 306 $ (1,383) Income (loss) before provision for income taxes (2) DDS $ 590 $ (725) Synodex 7 (506) Agility (291) (152) Total Consolidated $ 306 $ (1,383) March 31, 2018 December 31, 2017 Total assets: DDS $ 23,120 $ 26,173 Synodex 466 678 Agility 22,969 21,020 Total Consolidated $ 46,555 $ 47,871 March 31, 2018 December 31, 2017 Goodwill: DDS $ 675 $ 675 Agility 2,159 2,157 Total Consolidated $ 2,834 $ 2,832 (1) Before elimination of inter-segment profits (2) After elimination of inter-segment profits
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]	The following table summarizes revenues by geographic region (determined and based upon customer’s domicile) (in thousands): Three months ended March 31, 2018 2017 United States $ 5,979 $ 6,621 United Kingdom 2,955 3,285 The Netherlands 1,762 1,894 Canada 1,469 1,475 Other - principally Europe 1,955 1,678 $ 14,120 $ 14,953
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Long-lived assets as of March 31, 2018 and December 31, 2017, respectively, by geographic region, are comprised of (in thousands): March 31, December 31, 2018 2017 United States $ 5,223 $ 5,321 Foreign countries: Canada 6,901 6,888 United Kingdom 2,444 2,388 Philippines 1,259 1,446 India 915 1,042 Sri Lanka 443 504 Israel 32 36 Germany 2 2 Total foreign 11,996 12,306 $ 17,219 $ 17,627

Loss Per Share (Tables)

Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended March 31, 2018 2017 (in thousands) Net loss attributable to Innodata Inc. and Subsidiaries $ (268) $ (1,730) Weighted average common shares outstanding 25,878 25,627 Dilutive effect of outstanding options - - Adjusted for dilutive effects 25,878 25,627

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	The following table presents the fair value of derivative instruments included within the consolidated balance sheets as of March 31, 2018 and December 31, 2017 (in thousands): Balance Sheet Location Fair Value 2018 2017 Derivatives designated as hedging instruments: Foreign currency forward contracts Prepaid expenses and other current assets $ - $ 342 Foreign currency forward contracts Accrued expenses $ 189 $ -
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]	The effects of foreign currency forward contracts designated as cash flow hedges on the Company’s condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2018 and 2017, respectively, were as follows (in thousands): Three Months Ended March 31, 2018 2017 Net gain (loss) recognized in OCI (1) $ (536) $ 233 Net gain (loss) reclassified from accumulated OCI into income (2) $ (5) $ (78) Net gain recognized in income (3) $ - $ - (1) Net change in fair value of the effective portion classified into other comprehensive income (loss) ("OCI"). (2) Effective portion classified within direct operating costs. (3) There were no ineffective portions for the periods presented.

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2018
Investments, All Other Investments [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	As required by the standard, liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement (in thousands): March 31, 2018 Level 1 Level 2 Level 3 Liabilities Derivatives $ - $ 189 $ - December 31, 2017 Level 1 Level 2 Level 3 Assets Derivatives $ - $ 342 $ -

Description of Business and S30

Description of Business and Summary of Significant Accounting Policies (Details Textual)	Mar. 31, 2018
Innodata Synodex, LLC [Member]
Description of Business and Summary of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage By Parent	91.00%
DocGenix [Member]
Description of Business and Summary of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage By Parent	94.00%

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Total	$ 28,857	$ 28,483
Less: accumulated depreciation and amortization	(21,830)	(21,294)
Property, Plant and Equipment, Net	7,027	7,189
Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	13,559	13,574
Software [Member]
Property, Plant and Equipment [Line Items]
Total	7,700	7,291
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Total	2,267	2,276
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Total	$ 5,331	$ 5,342

Property and Equipment (Detai32

Property and Equipment (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Property, Plant and Equipment [Line Items]
Depreciation, Depletion and Amortization	$ 884	$ 943
Property, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation, Depletion and Amortization	$ 600	$ 600

Goodwill and Intangible Asset33

Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Goodwill [Line Items]
Balance	$ 2,832	$ 2,734
Foreign currency translation adjustment	2	13
Balance	$ 2,834	$ 2,747

Goodwill and Intangible Asset34

Goodwill and Intangible Assets (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Gross carrying amounts:
Balance	$ 10,045	$ 9,549
Foreign currency translation	(20)	48
Balance	10,025	9,597
Accumulated amortization:
Balance	2,439	1,358
Amortization expense	249	243
Foreign currency translation	(21)	6
Balance	2,667	1,607
Developed Technology Rights [Member]
Gross carrying amounts:
Balance	3,204	3,019
Foreign currency translation	(33)	20
Balance	3,171	3,039
Accumulated amortization:
Balance	902	545
Amortization expense	80	77
Foreign currency translation	(15)	2
Balance	967	624
Customer Relationships [Member]
Gross carrying amounts:
Balance	2,264	2,112
Foreign currency translation	(53)	16
Balance	2,211	2,128
Accumulated amortization:
Balance	645	425
Amortization expense	47	45
Foreign currency translation	(17)	3
Balance	675	473
Trademarks and TradeNames [Member]
Gross carrying amounts:
Balance	884	865
Foreign currency translation	0	(6)
Balance	884	859
Accumulated amortization:
Balance	330	203
Amortization expense	31	30
Foreign currency translation	(2)	0
Balance	359	233
Patents [Member]
Gross carrying amounts:
Balance	46	43
Foreign currency translation	(1)	0
Balance	45	43
Accumulated amortization:
Balance	15	10
Amortization expense	1	1
Foreign currency translation	1	1
Balance	17	12
Media Contact Database [Member]
Gross carrying amounts:
Balance	3,647	3,510
Foreign currency translation	67	18
Balance	3,714	3,528
Accumulated amortization:
Balance	547	175
Amortization expense	90	90
Foreign currency translation	12	0
Balance	$ 649	$ 265

Goodwill and Intangible Asset35

Goodwill and Intangible Assets (Details 2) $ in Thousands	Mar. 31, 2018USD ($)
Finite-Lived Intangible Assets [Line Items]
2,018	$ 999
2,019	983
2,020	934
2,021	934
2,022	934
Thereafter	2,574
Finite-Lived Intangible Assets, Net	$ 7,358

Goodwill and Intangible Asset36

Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 249	$ 243

Income Taxes (Details)

Income Taxes (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Income Tax Contingency [Line Items]
Balance - January 1, 2018	$ 911
Interest accrual	9
Foreign currency revaluation	(14)
Balance - March 31, 2018	$ 906

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	1 Months Ended				3 Months Ended		12 Months Ended
	Oct. 31, 2016	Sep. 30, 2015	Jan. 31, 2012	Oct. 31, 2010	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2026	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Line Items]
Unrecognized Tax Benefits					$ 906,000				$ 911,000
Income Tax Examination, Penalties and Interest Accrued					400,000				$ 400,000
Tax Adjustments, Settlements, and Unusual Provisions			$ 369,000	$ 353,000
Income Tax Expense (Benefit)					$ 582,000	$ 445,000
Subsidiary Revenue		$ 72,400,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent									35.00%
Reversal of Service Tax Refund	$ 160,000
Service Tax Credit Receivable	$ 1,000,000
Maximum cumulative exposure for unrepatriated foreign earnings									$ 24,800,000
Global Intangible Low-Taxed Income [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent					10.50%
Scenario, Plan [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent								21.00%
Scenario, Plan [Member] | Global Intangible Low-Taxed Income [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent							13.125%
Maximum [Member]
Income Taxes [Line Items]
Percentage for Subsidiary Service Tax		15.00%
Minimum [Member]
Income Taxes [Line Items]
Percentage for Subsidiary Service Tax		12.36%
Philippine Bureau Of Taxation [Member]
Income Taxes [Line Items]
Income Tax Expense (Benefit)					$ 184,000

Commitments and Contingencies (

Commitments and Contingencies (Details Textual)	3 Months Ended
	Mar. 31, 2018USD ($)
Commitments and Contingencies [Line Items]
Estimated Litigation Liability	$ 6,200,000
Litigation Settlement, Expense	$ 100,000
Interest Rate Description Litigation	plus legal interest that accrued at 12% per annum from August 13, 2008 to June 30, 2013, and thereafter accrued and continues to accrue at 6% per annum

Stock Options (Details)

Stock Options (Details) - Employee Stock Option [Member]	3 Months Ended
	Mar. 31, 2018USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding at January 1, 2018 (in shares) | shares	4,241,799
Number of Options, Granted (in shares) | shares	0
Number of Options, Exercised (in shares) | shares	0
Number of Options, Forfeited/Expired (in shares) | shares	(2,824)
Number of Options, Outstanding at March 31, 2018 (in shares) | shares	4,238,975
Number of Options Exercisable at March 31, 2018 (in shares) | shares	3,680,870
Number of Options, Vested and Expected to Vest at March 31, 2018 (in shares) | shares	4,238,975
Weighted - Average Exercise Price, Outstanding at January 1, 2018 (in dollars per share) | $ / shares	$ 2.82
Weighted - Average Exercise Price, Granted (in dollars per shares) | $ / shares	0
Weighted - Average Exercise Price, Exercised (in dollars per share) | $ / shares	0
Weighted - Average Exercise Price, Forfeited/Expired (in dollars per share) | $ / shares	3.39
Weighted - Average Exercise Price, Outstanding at March 31, 2018 (in dollars per share) | $ / shares	2.82
Weighted - Average Exercise Price, Exercisable atMarch 31, 2018 (in dollars per share) | $ / shares	2.86
Weighted - Average Exercise Price, Vested and Expected to Vest at March 31, 2018 (in dollars per share) | $ / shares	$ 2.82
Weighted - Average Remaining Contractual Term, Outstanding at March 31, 2018 (in years)	4 years 6 months 18 days
Weighted - Average Remaining Contractual Term, Exercisable at March 31, 2018 (in years)	3 years 11 months 23 days
Weighted - Average Remaining Contractual Term, Vested and Expected to Vest at March 31, 2018 (in years)	4 years 6 months 18 days
Aggregate Intrinsic Value, Outstanding at March 31, 2018 | $	$ 0
Aggregate Intrinsic Value, Exercisable at March 31, 2018 | $	0
Aggregate Intrinsic Value, Vested and Expected to Vest at March 31, 2018 | $	$ 0

Stock Options (Details 1)

Stock Options (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 140	$ 288
Direct Operating Costs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	54	92
Selling and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 86	$ 196

Stock Options (Details Textual)

Stock Options (Details Textual) - USD ($) $ in Millions	Mar. 31, 2018	Jun. 07, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized	$ 0.6
2013 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Number Of Shares Authorized		5,858,892

Long-term Obligations (Details)

Long-term Obligations (Details) - USD ($) $ in Thousands		Mar. 31, 2018	Dec. 31, 2017
Vendor obligations
Capital lease obligations		$ 739	$ 829
Deferred lease payments	[1]	691	731
Microsoft licenses	[2]	608	751
Acquisition related liability	[3]	781	800
Lease incentive liability	[4]	640	664
Pension obligations
Pension obligations - accrued pension liability		2,839	2,835
Long-term Debt		6,298	6,610
Less: Current portion of long-term obligations		2,110	2,133
Totals		$ 4,188	$ 4,477
[1]	Deferred lease payments represent the effect of straight-lining operating lease payments over the respective lease terms.
[2]	In March 2017, the Company renewed a vendor agreement to acquire certain additional software licenses and to receive support and subsequent software upgrades on these and other currently owned software licenses through February 2020. Pursuant to this agreement, the Company is obligated to pay approximately $0.4 million annually over the term of the agreement.
[3]	On September 30, 2016, the Company and the other parties to the transaction in which the Company acquired MediaMiser amended the terms on which a subsidiary of the Company is required to make a supplemental purchase price payment for MediaMiser. Prior to the amendment, the amount of the supplemental purchase price payment was to be determined by the achievement of certain financial thresholds and was in no event to exceed $3.8 million (C$5 million). The amendment fixed the amount of the supplemental purchase price payment at $1.5 million (C$2 million) payable in two equal installments on March 31, 2017 and 2018 to designated recipients, except that no payments will be made to designated recipients who fail to satisfy specified conditions. The Company had the option to pay up to 70% of the supplemental amount in shares of Innodata Inc. stock. In March 2017, the Company paid 70% of the first installment by issuing 253,622 shares of Innodata Inc.’s common stock and paid 30% of the first installment in cash in April 2017. The Company paid the entire second installment in cash in April 2018.
[4]	In the second quarter of 2017, the Company relocated its U.S. and Canadian headquarters to new premises. As a financial incentive for the Company to lease office space in each of the new locations, the respective lessor for each of the locations offered to partially defray the construction cost for the new office space by offering tenant improvement allowances, subject to the refund of any unamortized portion of the allowance under specified circumstances as set forth in each lease. These amounts will be amortized based on the contractual lease term and recognized as a reduction in rent expense for the periods covered.

Long-term Obligations (Details

Long-term Obligations (Details 1) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Debt Instrument [Line Items]
Finite-lived Intangible Assets Acquired	$ 1,213
Prepaid expenses and other current assets [Member]
Debt Instrument [Line Items]
Finite-lived Intangible Assets Acquired	404
Other assets [Member]
Debt Instrument [Line Items]
Finite-lived Intangible Assets Acquired	$ 809

Long-term Obligations (Detail45

Long-term Obligations (Details Textual) $ in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)shares	Mar. 31, 2018CAD ($)	Mar. 31, 2017CAD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2016CAD ($)
Debt Instrument [Line Items]
Supplemental Deferred Purchase Price Percentage		70.00%
Stock Issued During Period, Shares, Acquisitions | shares		253,622
MediaMiser [Member]
Debt Instrument [Line Items]
Business Combination, Contingent Consideration, Liability	$ 1.5	$ 1.5	$ 2	$ 2	$ 3.8	$ 5
Supplemental Deferred Purchase Price Percentage		30.00%
Vendor Agreement [Member]
Debt Instrument [Line Items]
License Costs | $	$ 0.4

Comprehensive Loss (Details)

Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Pension Liability Adjustment, Other comprehensive income (loss):
Pension Liability Adjustment, Balance at Beginning of the Period	$ 1,191	$ 1,387
Pension Liability Adjustment, Other comprehensive income (loss) before reclassifications, net of taxes	0	0
Pension Liability Adjustment, Total other comprehensive income (loss) before reclassifications, net of taxes	1,191	1,387
Pension Liability Adjustment, Net amount reclassified to earnings	(59)	(62)
Pension Liability Adjustment, Balance at End of the Period	1,132	1,325
Fair Value of Derivatives, Other comprehensive income (loss):
Fair Value of Derivatives, Balance at Beginning of the Period	342	(318)
Fair Value of Derivatives, Other comprehensive income (loss) before reclassifications, net of taxes	(536)	233
Fair Value of Derivatives, Total other comprehensive income (loss) before reclassifications, net of taxes	(194)	(85)
Fair Value of Derivatives, Net amount reclassified to earnings	5	78
Fair Value of Derivatives, Balance at End of the Period	(189)	(7)
Foreign Currency Translation Adjustment, Other comprehensive income (loss):
Foreign Currency Translation Adjustment, Balance at Beginning of the Period	(687)	(1,393)
Foreign Currency Translation Adjustment, Other comprehensive income (loss) before reclassifications, net of taxes	(28)	24
Foreign Currency Translation Adjustment, Total other comprehensive income (loss) before reclassifications, net of taxes	(715)	(1,369)
Foreign Currency Translation Adjustment, Net amount reclassified to earnings	0	0
Foreign Currency Translation Adjustment, Balance at End of the period	(715)	(1,369)
Accumulated Other Comprehensive Income (Loss), Other comprehensive income (loss):
Accumulated Other Comprehensive Income (Loss), Balance at Beginning of the period	846	(324)
Accumulated Other Comprehensive Income (Loss), Other comprehensive income (loss) before reclassifications, net of taxes	(564)	257
Accumulated Other Comprehensive Income (Loss), Total other comprehensive income (loss) before reclassifications, net of taxes	282	(67)
Accumulated Other Comprehensive Income (Loss), Net amount reclassified to earnings	(54)	16
Accumulated Other Comprehensive Income (Loss), Balance at End of the period	$ 228	$ (51)

Segment Reporting and Concent47

Segment Reporting and Concentrations (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Revenues		$ 14,120	$ 14,953
Income (loss) before provision for income taxes		306	(1,383)
Total assets		46,555		$ 47,871
Goodwill		2,834	2,747	2,832	$ 2,734
Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[1]	306	(1,383)
After Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[2]	306	(1,383)
DDS [Member]
Segment Reporting Information [Line Items]
Revenues		10,477	11,633
Total assets		23,120		26,173
Goodwill		675		675
DDS [Member] | Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[1]	656	(179)
DDS [Member] | After Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[2]	590	(725)
Synodex [Member]
Segment Reporting Information [Line Items]
Revenues		981	724
Total assets		466		678
Synodex [Member] | Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[1]	(35)	(1,042)
Synodex [Member] | After Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[2]	7	(506)
Agility [Member]
Segment Reporting Information [Line Items]
Revenues		2,662	2,596
Total assets		22,969		21,020
Goodwill		2,159		$ 2,157
Agility [Member] | Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[1]	(315)	(162)
Agility [Member] | After Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[2]	$ (291)	$ (152)
[1]	Before elimination of inter-segment profits
[2]	After elimination of inter-segment profits

Segment Reporting and Concent48

Segment Reporting and Concentrations (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Revenues	$ 14,120	$ 14,953
United States
Segment Reporting Information [Line Items]
Revenues	5,979	6,621
United Kingdom
Segment Reporting Information [Line Items]
Revenues	2,955	3,285
The Netherlands
Segment Reporting Information [Line Items]
Revenues	1,762	1,894
Canada
Segment Reporting Information [Line Items]
Revenues	1,469	1,475
Other - principally Europe
Segment Reporting Information [Line Items]
Revenues	$ 1,955	$ 1,678

Segment Reporting and Concent49

Segment Reporting and Concentrations (Details 2) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	$ 17,219	$ 17,627
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	5,223	5,321
Canada [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	6,901	6,888
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	2,444	2,388
Philippines [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	1,259	1,446
India [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	915	1,042
Sri Lanka [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	443	504
Israel [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	32	36
Germany [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	2	2
Foreign Countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	$ 11,996	$ 12,306

Segment Reporting and Concent50

Segment Reporting and Concentrations (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Revenues	$ 14,120,000	$ 14,953,000
Accounts Receivable [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	10.00%		51.00%
Doc Genix [Member]
Segment Reporting Information [Line Items]
Revenues	$ 132,000	$ 278,000
Foreign Customer [Member] | Sales Revenue, Net [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	58.00%	56.00%
Foreign Customer [Member] | Accounts Receivable [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	64.00%		61.00%
Two clients [Member] | Sales Revenue, Net [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	32.00%	30.00%
Four Clients [Member] | Accounts Receivable [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	47.00%

Loss Per Share (Details)

Loss Per Share (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share Basic and Diluted [Line Items]
Net loss attributable to Innodata Inc. and Subsidiaries	$ (268)	$ (1,730)
Weighted average common shares outstanding	25,878	25,627
Dilutive effect of outstanding options	0	0
Adjusted for dilutive effects	25,878	25,627

Loss Per Share (Details Textual

Loss Per Share (Details Textual) - shares shares in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded From Computation Of Earnings Per Share, Amount	4.2	5.1

Derivatives (Details)

Derivatives (Details) - Foreign currency forward contracts [Member] - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives designated as hedging instruments	$ 0	$ 342
Accrued expenses [Member]
Derivatives, Fair Value [Line Items]
Derivatives designated as hedging instruments	$ 189	$ 0

Derivatives (Details 1)

Derivatives (Details 1) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) recognized in OCI	[1]	$ (536)	$ 233
Net gain (loss) reclassified from accumulated OCI into income	[2]	(5)	(78)
Net gain recognized in income	[3]	$ 0	$ 0
[1]	Net change in fair value of the effective portion classified into other comprehensive income (loss) ("OCI").
[2]	Effective portion classified within direct operating costs.
[3]	There were no ineffective portions for the periods presented.

Derivatives (Details Textual)

Derivatives (Details Textual) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Derivative [Line Items]
Derivative, Notional Amount	$ 11.3	$ 15.9

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Inputs, Level 1 [Member]
Liabilities
Derivatives	$ 0	$ 0
Fair Value, Inputs, Level 2 [Member]
Liabilities
Derivatives	189	342
Fair Value, Inputs, Level 3 [Member]
Liabilities
Derivatives	$ 0	$ 0