Tucows (TCX) 10-Q 6 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 02, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	TUCOWS INC /PA/
Trading Symbol	tcx
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		10,727,380
Amendment Flag	false
Entity Central Index Key	909,494
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 11,898,360	$ 8,271,377
Accounts receivable, net of allowance for doubtful accounts of $123,032 as of September 30, 2015 and $125,766 as of December 31, 2014	7,946,089	6,789,685
Inventory	742,460	393,774
Prepaid expenses and deposits	4,677,841	3,697,292
Prepaid domain name registry and ancillary services fees, current portion	47,060,627	44,614,858
Other assets (note 5)		8,199,000
Deferred tax asset, current portion (note 9)	3,767,702	2,498,196
Income taxes recoverable	15,611	997
Total current assets	76,108,690	74,465,179
Prepaid domain name registry and ancillary services fees, long-term portion	11,387,867	11,764,765
Property and equipment	6,472,226	1,609,787
Deferred tax asset, long-term portion (note 9)	5,151,914	4,880,423
Intangible assets (note 7)	14,678,989	14,202,585
Goodwill (note 7)	21,005,143	18,873,127
Total assets	134,804,829	125,795,866
Current liabilities:
Accounts payable	3,965,083	3,579,920
Accrued liabilities	5,681,783	3,941,549
Customer deposits	4,714,950	4,461,727
Derivative instrument liability, current portion (note 6)	2,005,634	1,115,805
Deferred rent, current portion	15,139
Loan payable (note 8)	3,500,000
Deferred revenue, current portion	59,077,575	55,495,566
Accreditation fees payable, current portion	485,491	466,201
Income taxes payable (note 9)	2,423,520	473,480
Total current liabilities	81,869,175	69,534,248
Derivative instrument liability, long-term portion (note 6)	175,734
Deferred revenue, long-term portion	15,336,127	15,610,753
Accreditation fees payable, long-term portion	120,378	128,243
Deferred rent, long-term portion	95,656	92,878
Other liabilities (note 10)	1,545,832
Deferred tax liability, long-term portion (note 9)	4,974,814	4,787,351
Redeemable non-controlling interest (note 4)	3,024,349
Stockholders' equity (note 14)
Preferred stock - no par value, 1,250,000 shares authorized; none issued and outstanding	0	0
Common stock - no par value, 250,000,000 shares authorized;10,727,380 shares issued and outstanding as of September 30, 2015 and 11,329,732 shares issued and outstanding as of December 31, 2014	14,160,189	14,130,059
Additional paid-in capital	13,397,142	29,090,058
Deficit	1,298,763	(6,955,283)
Accumulated other comprehensive loss	(1,193,330)	(622,441)
Total stockholders' equity	27,662,764	35,642,393
Total liabilities and stockholders' equity	$ 134,804,829	$ 125,795,866

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Allowance for doubtful accounts (in Dollars)	$ 123,032	$ 125,766
Preferred stock, shares authorized	1,250,000	1,250,000
Preferred stock - shares issued	0	0
Preferred stock - shares outstanding	0	0
Preferred stock - no par value (in Dollars per share)	$ 0	$ 0
Common stock shares authorized	250,000,000	250,000,000
Common stock shares issued	10,727,380	11,329,732
Common stock shares outstanding	10,727,380	11,329,732
Common stock - no par value (in Dollars per share)	$ 0	$ 0

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net revenues (note 12)	$ 44,551,909	$ 38,874,183	$ 127,908,962	$ 108,864,578
Cost of revenues (note 12):
Cost of revenues	28,779,882	25,985,875	83,851,928	75,038,518
Network expenses	1,421,279	1,139,515	4,138,213	3,427,856
Depreciation of property and equipment	324,166	172,019	803,737	528,956
Amortization of intangible assets (note 7)	11,532		26,988
Total cost of revenues	30,536,859	27,297,409	88,820,866	78,995,330
Gross profit	14,015,050	11,576,774	39,088,096	29,869,248
Expenses:
Sales and marketing	4,740,662	3,593,486	13,387,800	11,377,701
Technical operations and development	1,101,581	1,041,136	3,405,052	3,238,566
General and administrative	2,607,916	2,727,626	7,826,405	6,959,984
Depreciation of property and equipment	63,790	58,685	185,074	167,527
Amortization of intangible assets (note 7)	56,997	107,230	167,209	545,290
Impairment of indefinite life intangible assets (note 7)	18,550		68,848	577,145
Loss on currency forward contracts (note 6)	352,738	150,227	681,988	219,904
Total expenses	8,942,234	7,678,390	25,722,376	23,086,117
Income from operations	5,072,816	3,898,384	13,365,720	6,783,131
Other income (expense):
Interest expense, net	(78,959)	(63,498)	(161,136)	(206,679)
Total other income (expense)	(78,959)	(63,498)	(161,136)	(206,679)
Income before provision for income taxes	4,993,857	3,834,886	13,204,584	6,576,452
Provision for income taxes (note 9)	1,834,400	1,143,981	4,926,189	2,061,526
Net income before redeemable non-controlling interest	3,159,457	2,690,905	8,278,395	4,514,926
Redeemable non-controlling interest	(91,283)		(162,750)
Net (earnings) loss attributable to redeemable non-controlling interest	91,283		162,750
Net income	3,159,457	2,690,905	8,278,395	4,514,926
Other comprehensive income (loss), net of tax
Loss on hedging activities	(724,336)	(437,519)	(1,723,248)	(602,901)
Net amount reclassified to earnings	364,330	57,701	1,152,359	437,893
Other comprehensive income (loss) net of tax of $198,664 and $197,852 for the three months ended September 30, 2015 and September 30, 2014 and $334,280 and $85,955 for the nine months ended September 30, 2015 and September 30, 2014	(360,006)	(379,818)	(570,889)	(165,008)
Comprehensive income for the period	$ 2,799,451	$ 2,311,087	$ 7,707,506	$ 4,349,918
Basic earnings per common share (note 11) (in Dollars per share)	$ 0.29	$ 0.24	$ 0.75	$ 0.40
Shares used in computing basic earnings per common share (note 11) (in Shares)	10,984,869	11,321,175	11,057,634	11,190,684
Diluted earnings per common share (note 11) (in Dollars per share)	$ 0.28	$ 0.23	$ 0.72	$ 0.39
Shares used in computing diluted earnings per common share (note 11) (in Shares)	11,372,682	11,787,749	11,469,657	11,718,910

Consolidated Statements of Ope5

Consolidated Statements of Operations and Comprehensive Income (Unaudited) (Parentheticals) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Other comprehensive income (loss), tax	$ 198,664	$ 197,852	$ 334,280	$ 85,955

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Operating activities:
Net income for the period	$ 3,159,457	$ 2,690,905	$ 8,278,395	$ 4,514,926
Items not involving cash:
Depreciation of property and equipment	387,956	230,704	988,811	696,483
Amortization of intangible assets	68,529	107,230	194,197	545,290
Impairment of indefinite life intangible asset	18,550		68,848	577,145
Deferred income taxes recovery	(53,085)	(49,214)	(1,019,254)	(807,691)
Excess tax benefits from share-based compensation expense		168,346		(250,555)
Amortization of deferred rent	7,370	1,832	17,917	14,212
Disposal of domain names	2,866	10,708	20,551	19,577
Loss on change in the fair value of forward contracts	99,052	125,305	160,394	19,991
Stock-based compensation	128,575	230,712	378,228	417,046
Change in non-cash operating working capital:
Accounts receivable	262,149	4,440	(994,889)	(1,609,287)
Inventory	(123,047)	90,114	(281,491)	(81,340)
Prepaid expenses and deposits	1,000,287	613,342	(892,105)	(13,192)
Prepaid domain name registry and ancillary services fees	149,905	573,727	(2,068,871)	(1,848,171)
Income taxes recoverable	1,152,410	(227,558)	1,935,426	(794,101)
Accounts payable	195,002	326,610	202,578	1,130,552
Accrued liabilities	406,920	1,214,237	1,517,453	1,044,866
Customer deposits	(199,695)	(418,539)	253,223	(431,614)
Deferred revenue	140,850	(656,430)	3,185,946	2,959,948
Accreditation fees payable	(20,621)	(22,510)	11,425	5,822
Net cash provided by operating activities	6,783,430	5,013,961	11,956,782	6,109,907
Financing activities:
Proceeds received on exercise of stock options	189,914	343,953	737,369	1,385,816
Excess tax benefits from share-based compensation expense	312,091	741,512	1,400,793	1,755,312
Repurchase of common stock	(9,977,495)	(1,099,571)	(18,179,176)	(1,181,857)
Proceeds received on loan payable			3,500,000
Repayment of loan payable		(5,358,333)		(6,300,000)
Net cash used in financing activities	(9,475,490)	(5,372,439)	(12,541,014)	(4,340,729)
Investing activities:
Additions to property and equipment	(710,342)	(216,794)	(2,051,124)	(598,820)
Gross proceeds from the waiver of rights to .online registry			6,619,832
Net cash provided by (used in) investing activities	(710,342)	(216,794)	4,211,215	(598,820)
Increase (decrease) in cash and cash equivalents	(3,402,402)	(575,272)	3,626,983	1,170,358
Cash and cash equivalents, beginning of period	15,300,762	14,164,518	8,271,377	12,418,888
Cash and cash equivalents, end of period	11,898,360	13,589,246	11,898,360	13,589,246
Supplemental cash flow information:
Interest paid	78,988	64,248	175,290	207,634
Income taxes paid, net	512,954	469,248	2,457,225	1,724,976
Supplementary disclosure of non-cash investing and financing activities:
Property and equipment acquired during the period not yet paid for	$ 63,499	$ 82,132	63,499	$ 82,132
Ting Virginia, LLC [Member]
Investing activities:
Additional cost of acquisition of Ting Virginia, LLC., net of cash of $21,423			$ (357,493)

Consolidated Statements of Cas7

Consolidated Statements of Cash Flows (Unaudited) (Parentheticals)	9 Months Ended
	Sep. 30, 2015USD ($)
Ting Virginia, LLC [Member]
Net Cash	$ 21,423

Note 1 - Organization of the Co

Note 1 - Organization of the Company	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. ORGANIZATION OF THE COMPANY: Tucows Inc., a Pennsylvania corporation (referred to throughout this report as the “Company”, “Tucows”, “we”, “us” or through similar expressions), together with our consolidated subsidiaries, is a provider of retail mobile phone service and fixed Internet access as well as a global distributor of Internet Services, such as domain name registration, digital certificates and email. The Company’s Internet Services are distributed through its global Internet-based distribution network of Internet service providers, web hosting companies and other companies that provide services to end-users. We were incorporated under the laws of the Commonwealth of Pennsylvania in November 1992 under the name Infonautics, Inc. In August 2001, we completed our acquisition of Tucows Inc., a Delaware corporation, and we changed our name from Infonautics, Inc. to Tucows Inc. Our principal executive office is located in Toronto, Ontario and we have other offices in the Netherlands, Germany and the United States. Our common stock is listed on NASDAQ under the symbol “TCX” and on the Toronto Stock Exchange under the symbol “TC”.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Basis of Accounting [Text Block]	2. BASIS OF PRESENTATION: The accompanying unaudited interim consolidated balance sheets, and the related consolidated statements of operations and comprehensive income and cash flows reflect all adjustments, consisting of normal recurring adjustments, that are, in the opinion of management, necessary for a fair presentation of the financial position of Tucows and its subsidiaries as at September 30, 2015 and the results of operations and cash flows for the interim periods ended September 30, 2015 and 2014. The results of operations presented in this Quarterly Report on Form 10-Q are not necessarily indicative of the results of operations that may be expected for future periods. The accompanying unaudited interim consolidated financial statements have been prepared by Tucows in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosure normally included in the Company's annual audited consolidated financial statements and accompanying notes have been condensed or omitted. These interim consolidated financial statements and accompanying notes follow the same accounting policies and methods of application used in the annual financial statements and should be read in conjunction with the Company's audited consolidated financial statements and notes thereto for the year ended December 31, 2014 included in Tucows' 2014 Annual Report on Form 10-K filed with the SEC on March 11, 2015. In the prior period, the Company recorded the effective portion of the gain or loss upon settlement of hedged currency forward contracts in “Loss on currency forward contracts” and reclassified the same amount from “General and administrative expense” to the income statement line item for the hedged item. The Company has determined that the reclassification of the effective portion of gain or loss upon settlement amounts are more appropriately reclassified from “Loss on currency forward contracts” to the income statement line item for the hedged item. As a result a loss of $0.1 million for the three months ended September 30, 2014 has been reclassified to “General and administrative expense” from “Loss on currency forward contracts”, and a loss of $0.7 million for the nine months ended September 30, 2014 has been reclassified to “General and administrative expense” from “Loss on currency forward contracts”. As a result of this reclassification, there was no change to previously reported net income, income from operations, net revenues, gross profit, reported cash flows or the amounts recorded in the consolidated balance sheets. There have been no material changes to our significant accounting policies during the three months ended September 30, 2015 as compared to the significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014. For purposes of clarification, significant accounting policies regarding revenue recognition, property and equipment and derivative financial instruments are included below: (a) Revenue recognition The Company derives revenues from the provisioning of mobile phone and fixed Internet access services through its Ting website. These revenues are recognized once services have been provided. Revenues for wireless services are billed based on the actual amount of monthly services utilized by each customer during their billing cycle on a postpaid basis. The Company’s billing cycle for each customer is computed based on the customer’s activation date. As a result, the Company estimates the amount of revenues earned but not billed from the end of each billing cycle to the end of each reporting period. In addition, revenues associated with the sale of wireless devices and accessories to subscribers is recognized when title and risk of loss is transferred to the subscriber and shipment has occurred. Incentive marketing credits given to customers are recorded as a reduction of revenue. The Company’s revenues are also derived from domain name registration fees on both a wholesale and retail basis, the sale of domain names, the provisioning of other Internet services, advertising, and other revenue. Amounts received in advance of meeting the revenue recognition criteria described below are recorded as deferred revenue. The Company earns registration fees in connection with each new, renewed and transferred-in domain name registration and from provisioning other Internet services to resellers and registrars on a monthly basis. Service has been provided in connection with registration fees once the Company has confirmed that the requested domain name has been appropriately recorded in the registry under contractual performance standards. Domain names are generally purchased for terms of one to ten years. Registration fees charged for domain name registration and provisioning services are recognized on a straight-line basis over the life of the contracted term. Other Internet services that are provisioned for annual periods or longer, are recognized on a straight-line basis over the life of the contracted term. Other Internet services that are provisioned on a monthly basis are recognized as services are provided. Revenue generated from the sale of domain names, earned from transferring the rights to domain names under the Company’s control, are recognized once the rights have been transferred and payment has been received in full. For arrangements with multiple deliverables, the Company allocates revenue to each deliverable if the delivered item(s) has value to the customer on a standalone basis and, if the arrangement includes a general right of return relative to the delivered item, delivery or performance of the undelivered item(s) is considered probable and substantially in the control of the Company. The fair value of the selling price for a deliverable is determined using a hierarchy of (1) Company specific objective and reliable evidence, then (2) third-party evidence, then (3) best estimate of selling price. The Company allocates any arrangement fee to each of the elements based on their relative selling prices. In those cases where payment is not received at the time of sale, additional conditions for recognition of revenue are that the collection of the related accounts receivable is reasonably assured and the Company has no further performance obligations. The Company records costs that reflect expected refunds, rebates and credit card charge-backs as a reduction of revenues at the time of the sale based on historical experiences and current expectations. The Company establishes provisions for possible uncollectible accounts receivable and other contingent liabilities which may arise in the normal course of business. Historically, credit losses have been within the Company’s expectations and the provisions the Company has established have been appropriate. However, the Company has, on occasion, experienced issues which have led to accounts receivable not being fully collected. Should these issues occur more frequently, additional provisions may be required. (b) Property and equipment Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided on a straight-line basis so as to depreciate the cost of depreciable assets over their estimated useful lives at the following rates: Asset Rate Computer equipment 30 % Computer software 100 % Furniture and equipment 20 % Vehicles and tools 20 % Fiber network (years) 15 Customer equipment and installations (years) 3 Leasehold improvements Over term of lease The Company reviews the carrying values of its property and equipment for potential impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the estimated undiscounted future cash flows expected to result from the use of the group of assets and its eventual disposition is less than its carrying amount, it is considered to be impaired. The amount of the impairment loss recognized is measured as the amount by which the carrying value of the asset exceeds the fair value of the asset, with fair value being determined based upon discounted cash flows or appraised values, depending on the nature of the assets. Additions to the fiber network are recorded at cost, including all material, labor, vehicle and installation and construction costs and certain indirect costs associated with the construction of cable transmission and distribution facilities. While the Company’s capitalization is based on specific activities, once capitalized, costs are tracked by fixed asset category at the fiber network level and not on a specific asset basis. For assets that are retired, the estimated historical cost and related accumulated depreciation is removed. (c) Derivative Financial Instruments During the three and nine months ended September 30, 2015 and the year ended December 31, 2014 ("Fiscal 2014"), we used derivative financial instruments to manage foreign currency exchange risk. We account for these instruments in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 815, “Derivatives and Hedging” ("Topic 815"), which requires that every derivative instrument be recorded on the balance sheet as either an asset or liability measured at its fair value as of the reporting date. Topic 815 also requires that changes in our derivative financial instruments’ fair values be recognized in earnings, unless specific hedge accounting and documentation criteria are met (i.e. the instruments are accounted for as hedges). We recorded the effective portions of the gain or loss on derivative financial instruments that were designated as cash flow hedges in accumulated other comprehensive income in our accompanying Consolidated Balance Sheets. Any ineffective or excluded portion of a designated cash flow hedge, if applicable, is recognized in net income. For certain contracts, the Company has not complied with the documentation standards required for its forward foreign exchange contracts to be accounted for as hedges and has, therefore, accounted for such forward foreign exchange contracts at their fair values with the changes in fair value recorded in net income. The fair value of the forward exchange contracts are determined using an estimated credit adjusted mark-to-market valuation which takes into consideration the Company's and the counterparty's credit risk. The valuation technique used to measure the fair values of the derivative instruments is a discounted cash flow technique, with all significant inputs derived from or corroborated by observable market data, as no quoted market prices exist for the derivative instruments. Our discounted cash flow techniques use observable market inputs, such as foreign currency spot and forward rates.

Note 3 - Recent Accounting Pron

Note 3 - Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	3. RECENT ACCOUNTING PRONOUNCEMENTS: In September 2015, the FASB issued Accounting Standards Update ("ASU") No. 2015-16, Business Combinations (Topic 805) In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest In April 2015, the FASB issued ASU No. 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory

Note 4 - Acquisitions

Note 4 - Acquisitions	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	4. Acquisitions: On February 27, 2015, Ting Fiber, Inc., one of our wholly owned subsidiaries, acquired a 70% ownership interest in the newly formed Ting Virginia, LLC and its acquired subsidiaries, Blue Ridge Websoft, LLC (doing business as Blue Ridge Internet Works), Fiber Roads, LLC and Navigator Network Services, LLC (the “BRI Group”) for consideration of approximately $3.5 million. Ting Virginia, LLC is an independent Internet service provider in Charlottesville, Virginia, doing business primarily as Blue Ridge Internet Works. The BRI Group provides high speed internet access, Internet hosting and network consulting services to over 3,000 customers in central Virginia. The purchase price was primarily satisfied through an advance under our 2012 DLR Loan facility. Ting Fiber Inc. and the selling shareholders (the “Minority Shareholders”) also agreed to certain put and call options with regard to the remaining 30% interest in Ting Virginia, LLC retained by the Minority Shareholders. On the second anniversary of the closing date, Ting Fiber, Inc. may exercise a call option to purchase an additional 20% ownership interest in Ting Virginia, LLC. Contingent upon the exercise of the call option by Ting Fiber, Inc. the Minority Shareholders may exercise a put option within 7 days following the exercise of the call option by Ting Fiber, Inc., to sell their remaining 10% ownership interest in Ting Virginia, LLC. The consideration to be exchanged for the shares acquired or sold under the options shall be $100,000 per percentage point of the additional equity interest acquired. In addition, on the fourth anniversary of the closing date, the Minority Shareholders may exercise a put option under which Ting Fiber, Inc. shall be obligated to purchase the Minority Shareholders’ remaining interest for $120,000 per percentage point of the additional equity interest acquired. The Company has determined that the put options described above are embedded within the non-controlling interest shares that are subject to the put options. The redemption feature requires classification of the Minority Shareholders’ Interest in the Consolidated Balance Sheets outside of equity under the caption “Redeemable non-controlling interest”. The present value of the liability at the acquisition date was $3,000,000 and is being accreted to the estimated liability amount using a discount rate of 5% over the periods of up to four years from the acquisition date. Subsequently, this amount was increased by $12,199 and by $24,349 during the three and nine months ended September 30, 2015, respectively, to $3,024,349 to reflect the present value of this Redeemable non-controlling interest as at September 30, 2015. The purchase consideration is comprised as follows: Cash $ 3,135,140 Less refund from working capital adjustment (50,000 ) Repayment of debt 418,775 Redeemable non-controlling interest 3,000,000 $ 6,503,915 The following table represents the purchase price allocation based on the estimated fair values of the assets Current assets (including cash of $21,423) $ 338,577 Current liabilities (529,702 ) Property and equipment, including: Fiber network 3,456,024 Computer equipment 200,000 Furniture and equipment 5,000 Vehicles 92,000 Leasehold improvements 50,000 Intangible assets, including:x Network rights 692,000 Customer relationships 68,000 Goodwill 2,132,016 Net assets acquired $ 6,503,915 The goodwill recorded on the acquisition is expected to be deductible for tax purposes. The fair value of current assets acquired includes accounts receivable with a fair value of $0.2 million. All accounts receivable acquired at acquisition are expected to be collectable. During the three and nine months ended September 30, 2015 this acquisition resulted in additional revenues of $0.9 million and $2.4 million respectively. The acquisition had no significant impact on net income for the three and nine months ended September 30, 2015. The Company acquired new classes of assets in this acquisition, namely fiber network and vehicles. The Company has accordingly, in connection with its depreciation policies, added additional disclosure in note 2 (b) above.

Note 5 - Other Assets

Note 5 - Other Assets	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block Supplement [Abstract]
Other Assets Disclosure [Text Block]	5. Other assets: Other assets are comprised of the following: September 30, 2015 December 31, 2014 Amounts in escrow advanced to acquire a controlling ownership interest in Ting Virginia, LLC (see note 4) $ — $ 3,125,000 Amounts advanced to the joint venture with Radix FZC and NameCheap Inc. which was terminated in February 2015 (note 10) — 5,074,000 $ — $ 8,199,000

Note 6 - Derivative Instruments

Note 6 - Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	6. Derivative instruments and hedging activities: Foreign currency forward contracts In October 2012, the Company entered into a hedging program with a Canadian chartered bank to limit the potential foreign exchange fluctuations incurred on its future cash flows related to a portion of payroll, rent and payments to Canadian domain name registry suppliers that are denominated in Canadian dollars and are expected to be paid by its Canadian operating subsidiary. As part of its risk management strategy, the Company uses derivative instruments to hedge a portion of the foreign exchange risk associated with these costs. The Company does not use these forward contracts for trading or speculative purposes. These forward contracts typically mature between one and eighteen months. The Company has designated certain of these transactions as cash flow hedges of forecasted transactions under ASC Topic 815. As the critical terms of the hedging instrument, and of the entire hedged forecasted transaction, are the same, in accordance with ASC Topic 815, the Company has been able to conclude that changes in fair value or cash flows attributable to the risk of being hedged are expected to completely offset at inception and on an ongoing basis. Accordingly, unrealized gains or losses on the effective portion of these contracts have been included within other comprehensive income. The fair value of the contracts, as of September 30, 2015, is recorded as derivative instrument liabilities. As of September 30, 2015, the notional amount of forward contracts that the Company held to sell U.S. dollars in exchange for Canadian dollars was $31.0 million, of which $26.4 million met the requirements of ASC Topic 815 and were designated as hedges (September 30, 2014 - $22.8 million of which $19.0 million were designated as hedges). Fair value of derivative instruments and effect of derivative instruments on financial performance The effect of these derivative instruments on our consolidated financial statements as of, and for the nine months ended September 30, 2015, were as follows (amounts presented do not include any income tax effects). Fair value of derivative instruments in the consolidated balance sheets Derivatives Balance Sheet As of September 30, 2015 Asset (Liability) As of December 31, 2014 Asset (Liability) Foreign currency forward contracts not designated as cash flow hedges Derivative instruments $ (329,523 ) $ (169,129 ) Foreign currency forward contracts designated as cash flow hedges Derivative instruments $ (1,851,845 ) $ (946,676 ) Total foreign currency forward contracts Derivative instruments $ (2,181,368 ) $ (1,115,805 ) Movement in Accumulated Other Comprehensive Income ("AOCI") balance for the three months ended September 30, 2015: Gains and losses on cash flow hedges Tax impact Total AOCI Opening AOCI balance – June 30, 2015 $ (1,293,175 ) $ 459,851 $ (833,324 ) Other comprehensive income (loss) before reclassifications (1,124,049 ) 399,713 (724,336 ) Amount reclassified from accumulated other comprehensive income 565,379 (201,049 ) 364,330 Other comprehensive income (loss) for the three months ended September 30, 2015 (558,670 ) 198,664 (360,006 ) Ending AOCI balance – September 30, 2015 $ (1,851,845 ) $ 658,515 $ (1,193,330 ) Movement in Accumulated Other Comprehensive Income ("AOCI") balance for the nine months ended September 30, 2015: Gains and losses on cash flow hedges Tax impact Total AOCI Opening AOCI balance – December 31, 2014 $ (946,676 ) $ 324,235 $ (622,441 ) Other comprehensive income (loss) before reclassifications (2,693,436 ) 970,188 (1,723,248 ) Amount reclassified from accumulated other comprehensive income 1,788,267 (635,908 ) 1,152,359 Other comprehensive income (loss) for the nine months ended September 30, 2015 (905,169 ) 334,280 (570,889 ) Ending AOCI balance – September 30, 2015 $ (1,851,845 ) $ 658,515 $ (1,193,330 ) Effects of derivative instruments on income and other comprehensive income (OCI) for the three months ended September 30, 2015 and September 30, 2014 are as follows: Derivatives in Cash Flow Hedging Relationship Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion) Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Location of Gain or (Loss) Recognized in Income on Derivative (ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain or (Loss) Recognized in Income on Derivative (ineffective Portion and Amount Excluded from Effectiveness Testing) Foreign currency forward contracts for the three months ended September 30, 2015 Operating expenses $ (314,841 ) Operating expenses (84,312 ) $ (360,006 ) Cost of revenues (49,489 ) Cost of revenues $ — Foreign currency forward contracts for the three months ended September 30, 2014 Operating expenses $ (40,112 ) Operating expenses — $ (437,519 ) Cost of revenues (17,589 ) Cost of revenues $ — Effects of derivative instruments on income and other comprehensive income (OCI) for the nine months ended September 30, 2015 and September 30, 2014 are as follows: Derivatives in Cash Flow Hedging Relationship Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion) Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Location of Gain or (Loss) Recognized in Income on Derivative (ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain or (Loss) Recognized in Income on Derivative (ineffective Portion and Amount Excluded from Effectiveness Testing) Foreign currency forward contracts for the nine months ended September 30, 2015 Operating expenses $ (886,076 ) Operating expenses (115,635 ) $ (570,889 ) Cost of revenues (266,284 ) Cost of revenues $ — Foreign currency forward contracts for the nine months ended September 30, 2014 Operating expenses $ (321,136 ) Operating expenses — $ (602,901 ) Cost of revenues (116,757 ) Cost of revenues $ — In addition to the above, for those foreign currency forward contracts not designated as hedges, the Company has recorded a loss of $0.1 million upon settlement and a loss of $0.1 million for the change in fair value of outstanding contracts for the three months ended September 30, 2015, in the consolidated statement of operations and comprehensive income. The Company has recorded a loss of $25,000 upon settlement and a loss of $0.1 million for the change in fair value of outstanding contracts for the three months ended September 30, 2014, in the consolidated statement of operations and comprehensive income. The Company has recorded a loss of $0.3 million upon settlement and a loss of $0.2 million for the change in fair value of outstanding contracts for the nine months ended September 30, 2015, in the consolidated statement of operations and comprehensive income. The Company has recorded a loss of $0.2 million upon settlement and a loss of $20,000 for the change in fair value of outstanding contracts for the nine months ended September 30, 2014, in the consolidated statement of operations and comprehensive income.

Note 7 - Goodwill and Other Int

Note 7 - Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	7. Goodwill and Other Intangible Assets: Goodwill Goodwill represents the excess of purchase price over the fair value of tangible or identifiable intangible assets acquired and liabilities assumed in our acquisitions. Goodwill consists of the following: Boardtown Corporation Hosted Messaging Assets of Critical Path Innerwise Inc. Mailbank.com Inc. EPAG Domainservices GmbH BRI Group Total Balances, December 31, 2014 $ 2,044,847 $ 4,072,297 $ 5,801,040 $ 6,072,623 $ 882,320 $ - $ 18,873,127 Acquisition of Ting Virginia, February 2015 - - - - - 2,182,016 2,182,016 Balances, March 31, 2015 2,044,847 4,072,297 5,801,040 6,072,623 882,320 2,182,016 21,055,143 Less refund on finalization of working capital adjustment - - - - - (50,000 ) (50,000 ) Balances, June 30, 2015 and September 30, 2015 $ 2,044,847 $ 4,072,297 $ 5,801,040 $ 6,072,623 $ 882,320 $ 2,132,016 $ 21,005,143 The Company’s goodwill relates 90% to its Domain Services operating segment and 10% to its Network Access Services operating segment. On February 27, 2015, Ting Fiber, Inc., one of our wholly owned subsidiaries, acquired a 70% ownership interest in the BRI Group. Goodwill is not amortized, but is subject to an annual impairment test. Other Intangible Assets: Intangible assets consist of network rights, brand, customer relationships, surname domain names, non-competition agreements and our portfolio of domain names. As reflected in the table below, these balances are being amortized on a straight-line basis over the life of the intangible assets, except for the surname domain names and portfolio domain names, which have been determined to have an indefinite life and which are tested annually for impairment. A summary of acquired intangible assets for the three months ended September 30, 2015 is as follows: Brand Customer relationships Network rights Surname domain names Direct navigation domain names Total Net book value, June 30, 2015 $ 95,090 $ 598,428 $ 676,544 $ 11,481,166 $ 1,917,706 $ 14,768,934 Sales of domain names - - - (1,298 ) (1,568 ) (2,866 ) Impairment of domain names - - - (1,298 ) (17,252 ) (18,550 ) Amortization expense (7,710 ) (49,287 ) (11,532 ) - - (68,529 ) Net book value,September 30, 2015 $ 87,380 $ 549,141 $ 665,012 $ 11,478,570 $ 1,898,886 $ 14,678,989 A summary of acquired intangible assets for the nine months ended September 30, 2015 is as follows: Brand Customer relationships Network rights Surname domain names Direct navigation domain names Total Net book value, December 31, 2014 $ 110,510 $ 625,220 $ - $ 11,525,624 $ 1,941,231 $ 14,202,585 Acquisition of BRI Group, February 2015 - 68,000 692,000 - - 760,000 Sales of domain names - - - (4,868 ) (15,683 ) (20,551 ) Impairment of domain names - - - (42,186 ) (26,662 ) (68,848 ) Amortization expense (23,130 ) (144,079 ) (26,988 ) - - (194,197 ) Net book value,September 30, 2015 $ 87,380 $ 549,141 $ 665,012 $ 11,478,570 $ 1,898,886 $ 14,678,989 As of September 30, 2015, the accumulated amortization for the definite life intangibles was $5.9 million. With regard to indefinite life intangible assets, as part of our normal renewal process we assessed that certain domain names that were acquired in the June 2006 acquisition of Mailbank.com Inc. that were up for renewal should not be renewed. Accordingly, for the three months ended September 30, 2015, domain names, with a book value of $18,550 were not renewed and were recorded as an impairment of indefinite life intangible assets. For the three months ended September 30, 2014, no impairment on indefinite life assets was recorded. For the nine months ended September 30, 2015, domain names, with a book value of $68,848 (nine months ended September 30, 2014 - $0.6 million), were not renewed and were recorded as an impairment of indefinite life intangible assets.

Note 8 - Loan Payable

Note 8 - Loan Payable	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	8. LOAN PAYABLE: The Company has credit agreements (collectively the “Amended Credit Facility”) with the Bank of Montreal (the “Bank” or “BMO”) that were amended on November 19, 2012, and which provide it with access to two revolving demand loan facilities (the “2012 Demand Loan Facilities”), a treasury risk management facility and an operating demand loan. Two Revolving Demand Loan Facilities. The 2012 Demand Loan Facilities are governed by the terms of the Offer Letter, dated as of November 19, 2012, by and between the Company and the Bank and filed with the SEC on November 21, 2012. Under the terms of the Amended Credit Facility, our prior demand loan facilities have been amended to provide an aggregate of $14 million in funds available through the 2012 Demand Loan Facilities, which consist of a demand loan revolving facility (the “2012 DLR Loan”) and a demand loan revolving reducing facility (the “2012 DLRR Loan”). The 2012 DLR Loan accrues interest at the Bank’s U.S. Base Rate plus 1.25%. The Company may elect to pay interest on the 2012 DLRR Loan either at the Bank’s U.S. Base Rate plus 1.25% or LIBOR plus 2.50%. Aggregate advances under the 2012 Demand Loan Facilities may not exceed $14 million and no more than $2 million of such advances may be used to finance repurchases of Company common stock. The 2012 Demand Loan Facilities are subject to an undrawn aggregate standby fee of 0.20% following the first draw, which such fee is payable quarterly in arrears. Repayment of advances under the 2012 DLR Loan consist of interest only payments made monthly in arrears and prepayment is permitted without penalty. The outstanding balance under the 2012 DLR Loan as of December 31st of each year is to be fully repaid within 30 days of December 31st through an equivalent advance made under the 2012 DLRR Loan. Advances under the 2012 DLRR Loan will be made annually and solely for such purpose. Each advance under the 2012 DLRR Loan is to be repaid in equal monthly principal payments plus interest, over a period of four years from the date of such advance. At September 30, 2015, the outstanding balance under the 2012 DLR Loan was $3.5 million (December 31, 2014 - Nil). During the three months ended September 30, 2015 no amounts were drawn down on the 2012 DLRR Loan. At September 30, 2015, the 2012 DLRR Loan was fully repaid. This financing arrangement remain available to fund future operations of the Company, with no set expiry date. Treasury Risk Management Facility The Amended Credit Facility also provides for a $3.5 million settlement risk line to assist the Company with hedging Canadian dollar exposure through foreign exchange forward contracts and/or currency options. Under the terms of the Amended Credit Facility, the Company may enter into such agreements at market rates with terms not to exceed 18 months. As of September 30, 2015, the Company held contracts in the amount of $31.0 million to trade U.S. dollars in exchange for Canadian dollars. Operating Demand Loan The Amended Credit Facility also provides the Company with a $1.0 million operating demand loan facility to assist in meeting its operational needs (the “Operating Demand Loan”). The Operating Demand Loan accrues interest at the Bank’s U.S. Base Rate plus 1.25%. Interest is payable monthly in arrears with any borrowing under the Operating Demand Loan fluctuating widely with periodic clean-up, at a minimum on an annual basis. The Company has also agreed to pay to the Bank a monthly monitoring fee of US$500 with respect to this loan. The Operating Demand Loan is payable on demand at any time, at the sole discretion of the Bank, with or without cause, and the Bank may terminate the Operating Demand Loan at any time. As of September 30, 2015, the Company had no amounts outstanding under its Operating Demand Loan. General Terms The Company’s Amended Credit Facility contains customary representations and warranties, affirmative and negative covenants, and events of default. The Company’s obligations under the Amended Credit Facility are guaranteed and secured by a security interest in substantially all of its assets. The Amended Credit Facility also requires that the Company comply with certain customary non-financial covenants and restrictions. In addition, the Company has agreed to comply with the following financial covenants at all times, which are to be calculated on a rolling four quarter basis: (i) Maximum Total Funded Debt to EBITDA of 2.00:1; and (ii) Minimum Fixed Charge Coverage of 1.20:1. Further, its Maximum Annual Capital Expenditures cannot exceed $3.6 million per year, which limit will be reviewed on an annual basis. As at and for the period ended, September 30, 2015, the Company was in compliance with these covenants.

Note 9 - Income Taxes

Note 9 - Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	9. INCOME TAXES For the three months ended September 30, 2015, the Company recorded a provision for income taxes of $1.8 million on income before income taxes of $5.0 million, using an estimated effective tax rate for the fiscal year ending December 31, 2015 (“Fiscal 2015”) adjusted for certain minimum state taxes. Comparatively, for the three months ended September 30, 2014, the Company recorded a provision for income taxes of $1.1 million on income before taxes of $3.8 million, using an estimated effective tax rate for the 2014 fiscal year. For the nine months ended September 30, 2015, the Company recorded a provision for income taxes of $4.9 million on income before income taxes of $13.2 million, using an estimated effective tax rate for Fiscal 2015 adjusted for certain minimum state taxes. Comparatively, for the nine months ended September 30, 2014, the Company recorded a provision for income taxes of $2.1 million on income before taxes of $6.6 million, using an estimated effective tax rate for its fiscal year ending December 31, 2014. In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the years in which those temporary differences become deductible. The Company considers projected future taxable income, uncertainties related to the industry in which we operate, and tax planning strategies in making this assessment. The Company follows the provisions of FASB ASC Topic 740, Income Taxes to account for income tax exposures. The application of this interpretation requires a two-step process that separates recognition of uncertain tax benefits from measurement thereof. The Company had approximately $0.1 million of total gross unrecognized tax benefit as of September 30, 2015 and as of December 31, 2014, which if recognized would favorably affect its income tax rate in future periods. The unrecognized tax benefit relates primarily to prior year Pennsylvania state franchise taxes. The Company recognizes accrued interest and penalties related to income taxes in income tax expense. The Company did not have significant interest and penalties accrued at September 30, 2015 and December 31, 2014, respectively.

Note 10 - Other Liabilities

Note 10 - Other Liabilities	9 Months Ended
	Sep. 30, 2015
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]
Other Liabilities Disclosure [Text Block]	10. OTHER LIABILITIES: In February 2015, the Company waived its rights under the formerly proposed joint venture to operate the .online registry and instead entered into a Joint Marketing agreement with its venture partners under which its original capital contributions have been returned and a set of go-forward marketing arrangements have been created instead. These marketing arrangements have resulted in the Company recognizing a gain of $1.5 million, which will be recognized evenly over the three-year term of the marketing agreement commencing in November 2015.

Note 11 - Basic and Diluted Ear

Note 11 - Basic and Diluted Earnings Per Common Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	11. BASIC AND DILUTED EARNINGS PER COMMON SHARE: Basic earnings per common share has been calculated by dividing net income for the period by the weighted average number of common shares outstanding during each period. Diluted earnings per share has been calculated by dividing net income for the period by the weighted average number of common shares and potentially dilutive common shares outstanding during the period. In computing diluted earnings per share, the treasury stock method is used to determine the number of shares assumed to be purchased from the conversion of common shares equivalents or the proceeds of option exercises. The following table is a summary of the basic and diluted earnings per common share: Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 Numerator for basic and diluted earnings per common share: Net income for the period $ 3,159,457 $ 2,690,905 $ 8,278,395 $ 4,514,926 Denominator for basic and diluted earnings per common share: Basic weighted average number of common shares outstanding 10,984,869 11,321,175 11,057,634 11,190,684 Effect of outstanding stock options 387,813 466,574 412,023 528,226 Diluted weighted average number of shares outstanding $ 11,372,682 $ 11,787,749 $ 11,469,657 $ 11,718,910 Basic earnings per common share $ 0.29 $ 0.24 $ 0.75 $ 0.40 Diluted earnings per common share $ 0.28 $ 0.23 $ 0.72 $ 0.39 For the three months ended September 30, 2015, outstanding options to purchase 23,000 common shares were not included in the computation of diluted income per common share because all such options had exercise prices greater than the average market price of the common shares. For the nine months ended September 30, 2015, outstanding options to purchase 69,000 common shares were not included in the computation of diluted income per common share because all such options had exercise prices greater than the average market price of the common shares. During the nine months ended September 30, 2015, 193,907 common shares were repurchased and cancelled under the terms of the Tender Offer announced in December 2014. During the three and nine months ended September 30, 2015, 398,000 and 637,502 common shares respectively were repurchased and cancelled under the terms of our stock repurchase program announced in February 2015. During the nine months ended September 30, 2014, 79,392 common shares were repurchased and cancelled under the terms of our stock repurchase program announced in March 2014, 73,300 of which occurred during the quarter ended September 30, 2014. The computation of earnings per share and diluted earnings per share for the three and nine months ended September 30, 2015 and 2014 include reductions in the number of shares outstanding due to these repurchases.

Note 12 - Segment Reporting

Note 12 - Segment Reporting	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	12. SEGMENT REPORTING: (a) We are organized and managed based on two segments, which are differentiated primarily by their services, the markets they serve and the regulatory environments in which they operate. The two segments are Network Access Services and Domain Services are described as follows: 1. Network Access Services - This segment derives revenue from the sale of retail mobile phones and services to individuals and small businesses through the Ting website, as well as provides high speed Internet access, Internet hosting and network consulting to customers in Central Virginia through its acquisition of a 70% share in Ting Virginia, LLC. Revenues are generated in the United States. 2. Domain Services – This segment includes wholesale and retail domain name registration services, value added services and portfolio services. The Company primarily earns revenues from the registration fees charged to resellers in connection with new, renewed and transferred domain name registrations; the sale of retail Internet domain name registration and email services to individuals and small businesses; and by making its portfolio of domain names available for sale or lease. Domain Services revenues are attributed to the country in which the contract originates, primarily Canada. The Chief Executive Officer is the chief operating decision maker and regularly reviews the operations and performance by segment. The chief operating decision maker reviews gross margin as a key measure of performance for each segment and to make decisions about the allocation of resources. Sales and marketing expenses, technical operations and development expenses, general and administrative expenses, depreciation of property and equipment, loss on disposition of property and equipment, amortization of intangibles, loss (gain) on currency forward contracts, other income (expense), and provision for income taxes, are organized along functional lines and are not included in the measurement of segment profitability. Total assets and total liabilities are centrally managed and are not reviewed at the segment level by the chief operating decision maker. Information by reportable segments, which is regularly reported to the chief operating decision maker is as follows: Domain Name Services Network Access Services Consolidated Totals Three months ended September 30, 2015 Net Revenue $ 28,011,427 $ 16,540,482 $ 44,551,909 Cost of Revenues 19,568,741 9,211,141 28,779,882 Gross Profit before network expenses 8,442,686 7,329,341 15,772,027 Network expenses 1,756,977 Gross Profit 14,015,050 Expenses: Sales and marketing 4,740,662 Technical operations and development 1,101,581 General and administrative 2,607,916 Depreciation of property and equipment 63,790 Amortization of intangibles 56,997 Impairment of indefinite life intangible assets 18,550 Loss on currency forward contracts 352,738 Income from operations 5,072,816 Other expenses, net 78,959 Income before provision for income taxes $ 4,993,857 Domain Name Services Network Access Services Consolidated Totals Nine months ended September 30, 2015 Net Revenue $ 83,023,497 $ 44,885,465 $ 127,908,962 Cost of Revenues 58,796,993 25,054,935 83,851,928 Gross Profit before network expenses 24,226,504 19,830,530 44,057,034 Network expenses 4,968,938 Gross Profit 39,088,096 Expenses: Sales and marketing 13,387,800 Technical operations and development 3,405,052 General and administrative 7,826,405 Depreciation of property and equipment 185,074 Amortization of intangibles 167,209 Impairment of indefinite life intangible assets 68,848 Loss on currency forward contracts 681,988 Income from operations 13,365,720 Other expenses, net 161,136 Income before provision for income taxes $ 13,204,584 Domain Name Services Network Access Services Consolidated Totals Three months ended September 30, 2014 Net Revenue $ 29,125,494 $ 9,748,689 $ 38,874,183 Cost of Revenues 20,191,680 5,794,195 25,985,875 Gross Profit before network expenses 8,933,814 3,954,494 12,888,308 Network expenses 1,311,534 Gross Profit 11,576,774 Expenses: Sales and marketing 3,593,486 Technical operations and development 1,041,136 General and administrative 2,727,626 Depreciation of property and equipment 58,685 Amortization of intangibles 107,230 Impairment of indefinite life intangible assets - Loss on currency forward contracts 150,227 Income from operations 3,898,384 Other expenses, net 63,498 Income before provision for income taxes $ 3,834,886 Domain Name Services Network Access Services Consolidated Totals Nine months ended September 30, 2014 Net Revenue $ 84,143,913 $ 24,720,665 $ 108,864,578 Cost of Revenues 59,922,918 15,115,600 75,038,518 Gross Profit before network expenses 24,220,995 9,605,065 33,826,060 Network expenses 3,956,812 Gross Profit 29,869,248 Expenses: Sales and marketing 11,377,701 Technical operations and development 3,238,566 General and administrative 6,959,984 Depreciation of property and equipment 167,527 Amortization of intangibles 545,290 Impairment of indefinite life intangible assets 577,145 Loss on currency forward contracts 219,904 Income from operations 6,783,131 Other expenses, net 206,679 Income before provision for income taxes $ 6,576,452 (b) The following is a summary of the Company’s revenue earned from each significant revenue stream: Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 Domain Services: Wholesale Domain Services $ 21,137,420 $ 21,880,181 $ 63,599,414 $ 65,032,221 Value Added Services 2,404,449 2,350,195 7,002,284 7,349,527 Total Wholesale 23,541,869 24,230,376 70,601,698 72,381,748 Retail 3,153,992 2,687,478 9,039,185 7,612,079 Portfolio 1,315,566 2,207,640 3,382,614 4,150,086 Total Domain Services 28,011,427 29,125,494 83,023,497 84,143,913 Network Access Services: Ting 16,540,482 9,748,689 44,885,465 24,720,665 Total Network Access Services 16,540,482 9,748,689 44,885,465 24,720,665 $ 44,551,909 $ 38,874,183 $ 127,908,962 $ 108,864,578 During the three and nine months ended September 30, 2015 and 2014, no customer accounted for more than 10% of total revenue. As at September 30, 2015 and 2014 no customer accounted for more than 10% of accounts receivable. (c) The following is a summary of the Company’s cost of revenues from each significant revenue stream: Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 Domain Services: Wholesale Domain Services $ 17,612,791 $ 18,229,841 $ 52,904,084 $ 54,274,382 Value Added Services 357,058 575,813 1,394,708 1,679,546 Total Wholesale 17,969,849 18,805,654 54,298,792 55,953,928 Retail 1,427,267 1,196,875 3,970,387 3,322,950 Portfolio 171,625 189,151 527,814 646,040 Total Domain Services 19,568,741 20,191,680 58,796,993 59,922,918 Network Access Services: Ting 9,211,141 5,794,195 25,054,935 15,115,600 Total Network Access Services 9,211,141 5,794,195 25,054,935 15,115,600 Network Expenses: Network, other costs 1,421,279 1,139,515 4,138,213 3,427,856 Network, depreciation and amortization costs 335,698 172,019 830,725 528,956 Total Network Expenses 1,756,977 1,311,534 4,968,938 3,956,812 $ 30,536,859 $ 27,297,409 $ 88,820,866 $ 78,995,330 (d) The following is a summary of the Company’s property and equipment by geographic region: September 30, 2015 December 31, 2014 Canada $ 1,150,695 $ 1,131,883 United States 5,256,958 379,891 Germany 64,573 98,013 $ 6,472,226 $ 1,609,787 (e) The following is a summary of the Company’s amortizable intangible assets by geographic region: September 30, 2015 December 31, 2014 United States $ 719,793 $ - Germany 581,740 735,730 $ 1,301,533 $ 735,730 (f) The following is a summary of the Company’s deferred tax asset, net of valuation allowance, by geographic region: September 30, 2015 December 31, 2014 Canada $ 8,919,616 $ 7,378,619 $ 8,919,616 $ 7,378,619 (g) Valuation and qualifying accounts: Balance at beginning of period Charged to (recovered) costs and expenses Write-offs during period Balance at end of period Allowance for doubtful accounts, excluding provision for credit notes Nine months ended September 30, $ 125,766 $ (2,734 ) $ - $ 123,032 Year ended December 31, 2014 $ 91,226 $ 34,540 $ - $ 125,766

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	13. COMMITMENTS AND CONTINGENCIES: The Company is involved in various legal claims and lawsuits in connection with its ordinary business operations. The Company intends to vigorously defend these claims. While the final outcome with respect to any actions or claims outstanding or pending as of September 30, 2015 cannot be predicted with certainty, management does not believe that the resolution of these claims, individually or in the aggregate, will have a material adverse effect on the Company's financial position.

Note 14 - Stockholders' Equity

Note 14 - Stockholders' Equity	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	14. STOCKHOLDERS' EQUITY: The following unaudited table summarizes stockholders' equity transactions for the three month period ended September 30, 2015: Common stock Additional paid in Accumulated other comprehensive Total stockholders Number Amount capital Deficit income equity Balance, June 30, 2015 11,083,976 $ 14,411,616 $ 22,492,630 $ (1,848,495 ) $ (833,324 ) $ 34,222,427 Exercise of stock options 41,404 272,269 (82,356 ) - - 189,913 Repurchase and retirement of shares (398,000 ) (523,696 ) (9,453,799 ) - - (9,977,495 ) Stock-based compensation - - 128,575 - - 128,575 Income tax effect related to stock options exercised - - 312,092 - - 312,092 Net income for the period - - - 3,159,457 - 3,159,457 Increase to reflect the present value of Redeemable non-controlling interest - - - (12,199 ) - (12,199 ) Unrealized loss on foreign currency forward contracts treated as hedges - - - - (724,336 ) (724,336 ) Reclassification to net income due to settlement of foreign currency forward contracts treated as hedges - - - - 364,330 364,330 Balance, September 30, 2015 10,727,380 $ 14,160,189 $ 13,397,142 $ 1,298,763 $ (1,193,330 ) $ 27,662,764 The following unaudited table summarizes stockholders' equity transactions for the nine month period ended September 30, 2015: Common stock Additional paid in Accumulated other comprehensive Total stockholders Number Amount capital Deficit income equity Balance, December 31, 2014 11,329,732 $ 14,130,059 $ 29,090,058 $ (6,955,283 ) $ (622,441 ) $ 35,642,393 Exercise of stock options 229,057 1,102,612 (365,244 ) - - 737,368 Repurchase and retirement of shares (831,409 ) (1,072,482 ) (17,106,694 ) - - (18,179,176 ) Stock-based compensation - - 378,228 - - 378,228 Income tax effect related to stock options exercised - - 1,400,794 - - 1,400,794 Net income for the period - - - 8,278,395 - 8,278,395 Increase to reflect the present value of Redeemable non-controlling interest - - - (24,349 ) - (24,349 ) Unrealized loss on foreign currency forward contracts treated as hedges - - - - (1,723,248 ) (1,723,248 ) Reclassification to net income due to settlement of foreign currency forward contracts treated as hedges - - - - 1,152,359 1,152,359 Balance, September 30, 2015 10,727,380 $ 14,160,189 $ 13,397,142 $ 1,298,763 $ (1,193,330 ) $ 27,662,764 On January 8, 2015, the Company announced that it successfully concluded the Tender Offer that was previously announced on December 8, 2014. Under the terms of the offer, the Company repurchased an aggregate of 193,907 shares of its common stock at a purchase price of $18.50 per share, for a total of $3,587,280, excluding transaction costs of approximately $70,000. The purchase price and all transaction costs were funded from available cash. All shares purchased in the Tender Offer received the same price and all shares repurchased were immediately retired. As a result of the completion of the Tender Offer, as of January 7, 2015, the Company had 11,135,825 shares issued and outstanding. On February 11, 2015, the Company announced that its Board of Directors had approved a stock buyback program to repurchase up to $20 million of its common stock in the open market. Purchases will be made exclusively through the facilities of the NASDAQ Capital Market. The stock buyback program commenced on February 16, 2015 and will terminate on or before February 15, 2016. The Company repurchased 398,000 and 637,502 shares under this program during the three and nine months ended September 30, 2015 for a total of $9,977,495 and $14,522,087, respectively. On March 5, 2014, the Company announced a stock buyback program to repurchase up to $20 million of the Company's common stock over the 12-month period that commenced on March 4, 2014. The Company repurchased 73,300 shares under this program during the three months ended September 30, 2014 for a total of $1.1 million. The Company repurchased 79,392 shares under this program during the nine months ended September 30, 2014 for a total of $1.2 million.

Note 15 - Share-based Payments

Note 15 - Share-based Payments	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	15. SHARE-BASED PAYMENTS (a) Stock options The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model, consistent with the guidance on stock compensation. Because option-pricing models require the use of subjective assumptions, changes in these assumptions can materially affect the fair value of the options. The assumptions presented in the table below represent the weighted average of the applicable assumption used to value stock options at their grant date. The Company calculates expected volatility based on historical volatility of the Company's common shares. The expected term, which represents the period of time that options granted are expected to be outstanding, is estimated based on historical exercise experience. The Company evaluated historical exercise behavior when determining the expected term assumptions. The risk-free rate assumed in valuing the options is based on the U.S. Treasury yield curve in effect at the time of grant for the expected term of the option. The Company determines the expected dividend yield percentage by dividing the expected annual dividend by the market price of our common shares at the date of grant. Details of stock option transactions for the three months ended September 30, 2015 and September 30, 2014 are as follows: Three months ended September 30, 2015 Three months ended September 30, 2014 Number of Shares Weighted Average exercise price per share Number of Shares Weighted Average exercise price per share Outstanding, beginning of period 827,076 $ 6.69 1,052,308 $ 4.01 Granted 22,500 24.96 98,100 15.83 Exercised (41,404 ) 4.59 (134,199 ) 2.56 Forfeited (3,677 ) 9.63 (8,938 ) 6.15 Expired - - - - Outstanding, end of period 804,495 $ 7.30 1,007,271 $ 5.34 Options exercisable, end of period 580,721 $ 4.85 732,683 $ 3.84 Details of stock option transactions for the nine months ended September 30, 2015 and September 30, 2014 are as follows: Nine months ended September 30, 2015 Nine months ended September 30, 2014 Number of Shares Weighted Average exercise price per share Number of Shares Weighted Average exercise price per share Outstanding, beginning of period 976,062 $ 6.23 1,407,639 $ 3.80 Granted 67,500 21.26 98,100 15.83 Exercised (229,057 ) 3.22 (474,220 ) 2.92 Forfeited (8,135 ) 11.43 (20,623 ) 5.86 Expired (1,875 ) 2.40 (3,625 ) 3.36 Outstanding, end of period 804,495 $ 7.30 1,007,271 $ 5.34 Options exercisable, end of period 580,721 $ 4.85 732,683 $ 3.84 As of September 30, 2015, the exercise prices, weighted average remaining contractual life and intrinsic values of outstanding options were as follows: Options outstanding Options exercisable Exercise price Outstanding Number Weighted average exercise price per share Weighted average remaining contractual life (years Aggregate intrinsic value Number exercisable Weighted average exercise price per share Aggregate intrinsic value $ 2.80 - $ 2.92 326,190 $ 2.83 2.0 $ 6,624,395 326,190 $ 2.83 $ 6,624,395 $ 3.00 - $ 5.76 208,940 5.08 2.9 3,773,918 161,997 4.94 2,947,569 $ 8.56 - $ 10.16 110,815 9.15 4.6 1,550,282 52,559 8.95 745,913 $ 14.67 - $ 24.96 158,550 18.11 5.6 837,708 39,975 15.60 301,607 804,495 $ 7.30 3.3 $ 12,786,303 580,721 $ 4.85 $ 10,619,484 Total unrecognized compensation cost relating to unvested stock options at September 30, 2015, prior to the consideration of expected forfeitures, was approximately $1,082,822 and is expected to be recognized over a weighted average period of 2.1 years. The Company recorded stock-based compensation of $128,575 and $378,228 for the three and nine months ended September 30, 2015 and $230,712 and $417,046 for the three and nine months ended September 30, 2014, respectively. The Company has not capitalized any stock-based compensation expense as part of the cost of an asset.

Note 16 - Fair Value Measuremen

Note 16 - Fair Value Measurement	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	16. FAIR VALUE MEASUREMENT ASC Topic 820, “ Fair Value Measurements and Disclosures” The following table provides a summary of the fair values of the Company's derivative instrument assets and liabilities measured at fair value on a recurring basis at September 30, 2015: September 30, 2015 Fair Value Measurements Using Liabilities at Level 1 Level 2 Level 3 Fair value Derivative instrument liability $ - $ 2,181,368 $ - $ 2,181,368 Total liabilities $ - $ 2,181,368 $ - $ 2,181,368 The following table provides a summary of the fair values of the Company's derivative instrument assets measured at fair value on a recurring basis as at December 31, 2014: December 31, 2014 Fair Value Measurements Using Liabilities at Level 1 Level 2 Level 3 Fair value Derivative instrument liability $ - $ 1,115,805 $ - $ 1,115,805 Total liabilities $ - $ 1,115,805 $ - $ 1,115,805 The carrying values of cash and cash equivalents, accounts receivable, accounts payable, accreditation fees payable, customer deposits, loan payable and accrued liabilities approximate their fair values due to the relatively short periods to maturity of the instruments.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Revenue Recognition, Policy [Policy Text Block]	(a) Revenue recognition The Company derives revenues from the provisioning of mobile phone and fixed Internet access services through its Ting website. These revenues are recognized once services have been provided. Revenues for wireless services are billed based on the actual amount of monthly services utilized by each customer during their billing cycle on a postpaid basis. The Company’s billing cycle for each customer is computed based on the customer’s activation date. As a result, the Company estimates the amount of revenues earned but not billed from the end of each billing cycle to the end of each reporting period. In addition, revenues associated with the sale of wireless devices and accessories to subscribers is recognized when title and risk of loss is transferred to the subscriber and shipment has occurred. Incentive marketing credits given to customers are recorded as a reduction of revenue. The Company’s revenues are also derived from domain name registration fees on both a wholesale and retail basis, the sale of domain names, the provisioning of other Internet services, advertising, and other revenue. Amounts received in advance of meeting the revenue recognition criteria described below are recorded as deferred revenue. The Company earns registration fees in connection with each new, renewed and transferred-in domain name registration and from provisioning other Internet services to resellers and registrars on a monthly basis. Service has been provided in connection with registration fees once the Company has confirmed that the requested domain name has been appropriately recorded in the registry under contractual performance standards. Domain names are generally purchased for terms of one to ten years. Registration fees charged for domain name registration and provisioning services are recognized on a straight-line basis over the life of the contracted term. Other Internet services that are provisioned for annual periods or longer, are recognized on a straight-line basis over the life of the contracted term. Other Internet services that are provisioned on a monthly basis are recognized as services are provided. Revenue generated from the sale of domain names, earned from transferring the rights to domain names under the Company’s control, are recognized once the rights have been transferred and payment has been received in full. For arrangements with multiple deliverables, the Company allocates revenue to each deliverable if the delivered item(s) has value to the customer on a standalone basis and, if the arrangement includes a general right of return relative to the delivered item, delivery or performance of the undelivered item(s) is considered probable and substantially in the control of the Company. The fair value of the selling price for a deliverable is determined using a hierarchy of (1) Company specific objective and reliable evidence, then (2) third-party evidence, then (3) best estimate of selling price. The Company allocates any arrangement fee to each of the elements based on their relative selling prices. In those cases where payment is not received at the time of sale, additional conditions for recognition of revenue are that the collection of the related accounts receivable is reasonably assured and the Company has no further performance obligations. The Company records costs that reflect expected refunds, rebates and credit card charge-backs as a reduction of revenues at the time of the sale based on historical experiences and current expectations. The Company establishes provisions for possible uncollectible accounts receivable and other contingent liabilities which may arise in the normal course of business. Historically, credit losses have been within the Company’s expectations and the provisions the Company has established have been appropriate. However, the Company has, on occasion, experienced issues which have led to accounts receivable not being fully collected. Should these issues occur more frequently, additional provisions may be required.
Property, Plant and Equipment, Policy [Policy Text Block]	(b) Property and equipment Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided on a straight-line basis so as to depreciate the cost of depreciable assets over their estimated useful lives at the following rates: Asset Rate Computer equipment 30 % Computer software 100 % Furniture and equipment 20 % Vehicles and tools 20 % Fiber network (years) 15 Customer equipment and installations (years) 3 Leasehold improvements Over term of lease The Company reviews the carrying values of its property and equipment for potential impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the estimated undiscounted future cash flows expected to result from the use of the group of assets and its eventual disposition is less than its carrying amount, it is considered to be impaired. The amount of the impairment loss recognized is measured as the amount by which the carrying value of the asset exceeds the fair value of the asset, with fair value being determined based upon discounted cash flows or appraised values, depending on the nature of the assets. Additions to the fiber network are recorded at cost, including all material, labor, vehicle and installation and construction costs and certain indirect costs associated with the construction of cable transmission and distribution facilities. While the Company’s capitalization is based on specific activities, once capitalized, costs are tracked by fixed asset category at the fiber network level and not on a specific asset basis. For assets that are retired, the estimated historical cost and related accumulated depreciation is removed.
Derivatives, Policy [Policy Text Block]	(c) Derivative Financial Instruments During the three and nine months ended September 30, 2015 and the year ended December 31, 2014 ("Fiscal 2014"), we used derivative financial instruments to manage foreign currency exchange risk. We account for these instruments in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 815, “Derivatives and Hedging” ("Topic 815"), which requires that every derivative instrument be recorded on the balance sheet as either an asset or liability measured at its fair value as of the reporting date. Topic 815 also requires that changes in our derivative financial instruments’ fair values be recognized in earnings, unless specific hedge accounting and documentation criteria are met (i.e. the instruments are accounted for as hedges). We recorded the effective portions of the gain or loss on derivative financial instruments that were designated as cash flow hedges in accumulated other comprehensive income in our accompanying Consolidated Balance Sheets. Any ineffective or excluded portion of a designated cash flow hedge, if applicable, is recognized in net income. For certain contracts, the Company has not complied with the documentation standards required for its forward foreign exchange contracts to be accounted for as hedges and has, therefore, accounted for such forward foreign exchange contracts at their fair values with the changes in fair value recorded in net income. The fair value of the forward exchange contracts are determined using an estimated credit adjusted mark-to-market valuation which takes into consideration the Company's and the counterparty's credit risk. The valuation technique used to measure the fair values of the derivative instruments is a discounted cash flow technique, with all significant inputs derived from or corroborated by observable market data, as no quoted market prices exist for the derivative instruments. Our discounted cash flow techniques use observable market inputs, such as foreign currency spot and forward rates.
New Accounting Pronouncements, Policy [Policy Text Block]	In September 2015, the FASB issued Accounting Standards Update ("ASU") No. 2015-16, Business Combinations (Topic 805) In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest In April 2015, the FASB issued ASU No. 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Schedule of Depreciation Rates [Table Text Block]	Asset Rate Computer equipment 30 % Computer software 100 % Furniture and equipment 20 % Vehicles and tools 20 % Fiber network (years) 15 Customer equipment and installations (years) 3 Leasehold improvements Over term of lease

Note 4 - Acquisitions (Tables)

Note 4 - Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Business Acquisition Purchase Consideration [Table Text Block]	Cash $ 3,135,140 Less refund from working capital adjustment (50,000 ) Repayment of debt 418,775 Redeemable non-controlling interest 3,000,000 $ 6,503,915
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Current assets (including cash of $21,423) $ 338,577 Current liabilities (529,702 ) Property and equipment, including: Fiber network 3,456,024 Computer equipment 200,000 Furniture and equipment 5,000 Vehicles 92,000 Leasehold improvements 50,000 Intangible assets, including:x Network rights 692,000 Customer relationships 68,000 Goodwill 2,132,016 Net assets acquired $ 6,503,915

Note 5 - Other Assets (Tables)

Note 5 - Other Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block Supplement [Abstract]
Schedule of Other Assets [Table Text Block]	September 30, 2015 December 31, 2014 Amounts in escrow advanced to acquire a controlling ownership interest in Ting Virginia, LLC (see note 4) $ — $ 3,125,000 Amounts advanced to the joint venture with Radix FZC and NameCheap Inc. which was terminated in February 2015 (note 10) — 5,074,000 $ — $ 8,199,000

Note 6 - Derivative Instrumen28

Note 6 - Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Derivatives Balance Sheet As of September 30, 2015 Asset (Liability) As of December 31, 2014 Asset (Liability) Foreign currency forward contracts not designated as cash flow hedges Derivative instruments $ (329,523 ) $ (169,129 ) Foreign currency forward contracts designated as cash flow hedges Derivative instruments $ (1,851,845 ) $ (946,676 ) Total foreign currency forward contracts Derivative instruments $ (2,181,368 ) $ (1,115,805 )
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Gains and losses on cash flow hedges Tax impact Total AOCI Opening AOCI balance – June 30, 2015 $ (1,293,175 ) $ 459,851 $ (833,324 ) Other comprehensive income (loss) before reclassifications (1,124,049 ) 399,713 (724,336 ) Amount reclassified from accumulated other comprehensive income 565,379 (201,049 ) 364,330 Other comprehensive income (loss) for the three months ended September 30, 2015 (558,670 ) 198,664 (360,006 ) Ending AOCI balance – September 30, 2015 $ (1,851,845 ) $ 658,515 $ (1,193,330 ) Gains and losses on cash flow hedges Tax impact Total AOCI Opening AOCI balance – December 31, 2014 $ (946,676 ) $ 324,235 $ (622,441 ) Other comprehensive income (loss) before reclassifications (2,693,436 ) 970,188 (1,723,248 ) Amount reclassified from accumulated other comprehensive income 1,788,267 (635,908 ) 1,152,359 Other comprehensive income (loss) for the nine months ended September 30, 2015 (905,169 ) 334,280 (570,889 ) Ending AOCI balance – September 30, 2015 $ (1,851,845 ) $ 658,515 $ (1,193,330 )
Derivative Instruments, Gain (Loss) [Table Text Block]	Derivatives in Cash Flow Hedging Relationship Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion) Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Location of Gain or (Loss) Recognized in Income on Derivative (ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain or (Loss) Recognized in Income on Derivative (ineffective Portion and Amount Excluded from Effectiveness Testing) Foreign currency forward contracts for the three months ended September 30, 2015 Operating expenses $ (314,841 ) Operating expenses (84,312 ) $ (360,006 ) Cost of revenues (49,489 ) Cost of revenues $ — Foreign currency forward contracts for the three months ended September 30, 2014 Operating expenses $ (40,112 ) Operating expenses — $ (437,519 ) Cost of revenues (17,589 ) Cost of revenues $ — Derivatives in Cash Flow Hedging Relationship Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion) Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Location of Gain or (Loss) Recognized in Income on Derivative (ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain or (Loss) Recognized in Income on Derivative (ineffective Portion and Amount Excluded from Effectiveness Testing) Foreign currency forward contracts for the nine months ended September 30, 2015 Operating expenses $ (886,076 ) Operating expenses (115,635 ) $ (570,889 ) Cost of revenues (266,284 ) Cost of revenues $ — Foreign currency forward contracts for the nine months ended September 30, 2014 Operating expenses $ (321,136 ) Operating expenses — $ (602,901 ) Cost of revenues (116,757 ) Cost of revenues $ —

Note 7 - Goodwill and Other I29

Note 7 - Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	Boardtown Corporation Hosted Messaging Assets of Critical Path Innerwise Inc. Mailbank.com Inc. EPAG Domainservices GmbH BRI Group Total Balances, December 31, 2014 $ 2,044,847 $ 4,072,297 $ 5,801,040 $ 6,072,623 $ 882,320 $ - $ 18,873,127 Acquisition of Ting Virginia, February 2015 - - - - - 2,182,016 2,182,016 Balances, March 31, 2015 2,044,847 4,072,297 5,801,040 6,072,623 882,320 2,182,016 21,055,143 Less refund on finalization of working capital adjustment - - - - - (50,000 ) (50,000 ) Balances, June 30, 2015 and September 30, 2015 $ 2,044,847 $ 4,072,297 $ 5,801,040 $ 6,072,623 $ 882,320 $ 2,132,016 $ 21,005,143
Schedule of Intangible Assets and Goodwill [Table Text Block]	Brand Customer relationships Network rights Surname domain names Direct navigation domain names Total Net book value, June 30, 2015 $ 95,090 $ 598,428 $ 676,544 $ 11,481,166 $ 1,917,706 $ 14,768,934 Sales of domain names - - - (1,298 ) (1,568 ) (2,866 ) Impairment of domain names - - - (1,298 ) (17,252 ) (18,550 ) Amortization expense (7,710 ) (49,287 ) (11,532 ) - - (68,529 ) Net book value,September 30, 2015 $ 87,380 $ 549,141 $ 665,012 $ 11,478,570 $ 1,898,886 $ 14,678,989 Brand Customer relationships Network rights Surname domain names Direct navigation domain names Total Net book value, December 31, 2014 $ 110,510 $ 625,220 $ - $ 11,525,624 $ 1,941,231 $ 14,202,585 Acquisition of BRI Group, February 2015 - 68,000 692,000 - - 760,000 Sales of domain names - - - (4,868 ) (15,683 ) (20,551 ) Impairment of domain names - - - (42,186 ) (26,662 ) (68,848 ) Amortization expense (23,130 ) (144,079 ) (26,988 ) - - (194,197 ) Net book value,September 30, 2015 $ 87,380 $ 549,141 $ 665,012 $ 11,478,570 $ 1,898,886 $ 14,678,989

Note 11 - Basic and Diluted E30

Note 11 - Basic and Diluted Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 Numerator for basic and diluted earnings per common share: Net income for the period $ 3,159,457 $ 2,690,905 $ 8,278,395 $ 4,514,926 Denominator for basic and diluted earnings per common share: Basic weighted average number of common shares outstanding 10,984,869 11,321,175 11,057,634 11,190,684 Effect of outstanding stock options 387,813 466,574 412,023 528,226 Diluted weighted average number of shares outstanding $ 11,372,682 $ 11,787,749 $ 11,469,657 $ 11,718,910 Basic earnings per common share $ 0.29 $ 0.24 $ 0.75 $ 0.40 Diluted earnings per common share $ 0.28 $ 0.23 $ 0.72 $ 0.39

Note 12 - Segment Reporting (Ta

Note 12 - Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Condensed Income Statement [Table Text Block]	Domain Name Services Network Access Services Consolidated Totals Three months ended September 30, 2015 Net Revenue $ 28,011,427 $ 16,540,482 $ 44,551,909 Cost of Revenues 19,568,741 9,211,141 28,779,882 Gross Profit before network expenses 8,442,686 7,329,341 15,772,027 Network expenses 1,756,977 Gross Profit 14,015,050 Expenses: Sales and marketing 4,740,662 Technical operations and development 1,101,581 General and administrative 2,607,916 Depreciation of property and equipment 63,790 Amortization of intangibles 56,997 Impairment of indefinite life intangible assets 18,550 Loss on currency forward contracts 352,738 Income from operations 5,072,816 Other expenses, net 78,959 Income before provision for income taxes $ 4,993,857 Domain Name Services Network Access Services Consolidated Totals Nine months ended September 30, 2015 Net Revenue $ 83,023,497 $ 44,885,465 $ 127,908,962 Cost of Revenues 58,796,993 25,054,935 83,851,928 Gross Profit before network expenses 24,226,504 19,830,530 44,057,034 Network expenses 4,968,938 Gross Profit 39,088,096 Expenses: Sales and marketing 13,387,800 Technical operations and development 3,405,052 General and administrative 7,826,405 Depreciation of property and equipment 185,074 Amortization of intangibles 167,209 Impairment of indefinite life intangible assets 68,848 Loss on currency forward contracts 681,988 Income from operations 13,365,720 Other expenses, net 161,136 Income before provision for income taxes $ 13,204,584 Domain Name Services Network Access Services Consolidated Totals Three months ended September 30, 2014 Net Revenue $ 29,125,494 $ 9,748,689 $ 38,874,183 Cost of Revenues 20,191,680 5,794,195 25,985,875 Gross Profit before network expenses 8,933,814 3,954,494 12,888,308 Network expenses 1,311,534 Gross Profit 11,576,774 Expenses: Sales and marketing 3,593,486 Technical operations and development 1,041,136 General and administrative 2,727,626 Depreciation of property and equipment 58,685 Amortization of intangibles 107,230 Impairment of indefinite life intangible assets - Loss on currency forward contracts 150,227 Income from operations 3,898,384 Other expenses, net 63,498 Income before provision for income taxes $ 3,834,886 Domain Name Services Network Access Services Consolidated Totals Nine months ended September 30, 2014 Net Revenue $ 84,143,913 $ 24,720,665 $ 108,864,578 Cost of Revenues 59,922,918 15,115,600 75,038,518 Gross Profit before network expenses 24,220,995 9,605,065 33,826,060 Network expenses 3,956,812 Gross Profit 29,869,248 Expenses: Sales and marketing 11,377,701 Technical operations and development 3,238,566 General and administrative 6,959,984 Depreciation of property and equipment 167,527 Amortization of intangibles 545,290 Impairment of indefinite life intangible assets 577,145 Loss on currency forward contracts 219,904 Income from operations 6,783,131 Other expenses, net 206,679 Income before provision for income taxes $ 6,576,452
Schedule Of Operating Income By Revenue Stream [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 Domain Services: Wholesale Domain Services $ 21,137,420 $ 21,880,181 $ 63,599,414 $ 65,032,221 Value Added Services 2,404,449 2,350,195 7,002,284 7,349,527 Total Wholesale 23,541,869 24,230,376 70,601,698 72,381,748 Retail 3,153,992 2,687,478 9,039,185 7,612,079 Portfolio 1,315,566 2,207,640 3,382,614 4,150,086 Total Domain Services 28,011,427 29,125,494 83,023,497 84,143,913 Network Access Services: Ting 16,540,482 9,748,689 44,885,465 24,720,665 Total Network Access Services 16,540,482 9,748,689 44,885,465 24,720,665 $ 44,551,909 $ 38,874,183 $ 127,908,962 $ 108,864,578
Schedule of Cost of Revenues by Revenue Stream [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 Domain Services: Wholesale Domain Services $ 17,612,791 $ 18,229,841 $ 52,904,084 $ 54,274,382 Value Added Services 357,058 575,813 1,394,708 1,679,546 Total Wholesale 17,969,849 18,805,654 54,298,792 55,953,928 Retail 1,427,267 1,196,875 3,970,387 3,322,950 Portfolio 171,625 189,151 527,814 646,040 Total Domain Services 19,568,741 20,191,680 58,796,993 59,922,918 Network Access Services: Ting 9,211,141 5,794,195 25,054,935 15,115,600 Total Network Access Services 9,211,141 5,794,195 25,054,935 15,115,600 Network Expenses: Network, other costs 1,421,279 1,139,515 4,138,213 3,427,856 Network, depreciation and amortization costs 335,698 172,019 830,725 528,956 Total Network Expenses 1,756,977 1,311,534 4,968,938 3,956,812 $ 30,536,859 $ 27,297,409 $ 88,820,866 $ 78,995,330
Schedule Of Property, Plant, and Equipment By Geographic Region [TableText Block]	September 30, 2015 December 31, 2014 Canada $ 1,150,695 $ 1,131,883 United States 5,256,958 379,891 Germany 64,573 98,013 $ 6,472,226 $ 1,609,787
Schedule of Acquired Intangible Assets by Major Class [Table Text Block]	September 30, 2015 December 31, 2014 United States $ 719,793 $ - Germany 581,740 735,730 $ 1,301,533 $ 735,730
Schedule of Deferred Tax asset, Net by Geographic Region [Table Text Block]	September 30, 2015 December 31, 2014 Canada $ 8,919,616 $ 7,378,619 $ 8,919,616 $ 7,378,619
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Balance at beginning of period Charged to (recovered) costs and expenses Write-offs during period Balance at end of period Allowance for doubtful accounts, excluding provision for credit notes Nine months ended September 30, $ 125,766 $ (2,734 ) $ - $ 123,032 Year ended December 31, 2014 $ 91,226 $ 34,540 $ - $ 125,766

Note 14 - Stockholders' Equity

Note 14 - Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity [Table Text Block]	Common stock Additional paid in Accumulated other comprehensive Total stockholders Number Amount capital Deficit income equity Balance, June 30, 2015 11,083,976 $ 14,411,616 $ 22,492,630 $ (1,848,495 ) $ (833,324 ) $ 34,222,427 Exercise of stock options 41,404 272,269 (82,356 ) - - 189,913 Repurchase and retirement of shares (398,000 ) (523,696 ) (9,453,799 ) - - (9,977,495 ) Stock-based compensation - - 128,575 - - 128,575 Income tax effect related to stock options exercised - - 312,092 - - 312,092 Net income for the period - - - 3,159,457 - 3,159,457 Increase to reflect the present value of Redeemable non-controlling interest - - - (12,199 ) - (12,199 ) Unrealized loss on foreign currency forward contracts treated as hedges - - - - (724,336 ) (724,336 ) Reclassification to net income due to settlement of foreign currency forward contracts treated as hedges - - - - 364,330 364,330 Balance, September 30, 2015 10,727,380 $ 14,160,189 $ 13,397,142 $ 1,298,763 $ (1,193,330 ) $ 27,662,764 Common stock Additional paid in Accumulated other comprehensive Total stockholders Number Amount capital Deficit income equity Balance, December 31, 2014 11,329,732 $ 14,130,059 $ 29,090,058 $ (6,955,283 ) $ (622,441 ) $ 35,642,393 Exercise of stock options 229,057 1,102,612 (365,244 ) - - 737,368 Repurchase and retirement of shares (831,409 ) (1,072,482 ) (17,106,694 ) - - (18,179,176 ) Stock-based compensation - - 378,228 - - 378,228 Income tax effect related to stock options exercised - - 1,400,794 - - 1,400,794 Net income for the period - - - 8,278,395 - 8,278,395 Increase to reflect the present value of Redeemable non-controlling interest - - - (24,349 ) - (24,349 ) Unrealized loss on foreign currency forward contracts treated as hedges - - - - (1,723,248 ) (1,723,248 ) Reclassification to net income due to settlement of foreign currency forward contracts treated as hedges - - - - 1,152,359 1,152,359 Balance, September 30, 2015 10,727,380 $ 14,160,189 $ 13,397,142 $ 1,298,763 $ (1,193,330 ) $ 27,662,764

Note 15 - Share-based Payments

Note 15 - Share-based Payments (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Three months ended September 30, 2015 Three months ended September 30, 2014 Number of Shares Weighted Average exercise price per share Number of Shares Weighted Average exercise price per share Outstanding, beginning of period 827,076 $ 6.69 1,052,308 $ 4.01 Granted 22,500 24.96 98,100 15.83 Exercised (41,404 ) 4.59 (134,199 ) 2.56 Forfeited (3,677 ) 9.63 (8,938 ) 6.15 Expired - - - - Outstanding, end of period 804,495 $ 7.30 1,007,271 $ 5.34 Options exercisable, end of period 580,721 $ 4.85 732,683 $ 3.84 Nine months ended September 30, 2015 Nine months ended September 30, 2014 Number of Shares Weighted Average exercise price per share Number of Shares Weighted Average exercise price per share Outstanding, beginning of period 976,062 $ 6.23 1,407,639 $ 3.80 Granted 67,500 21.26 98,100 15.83 Exercised (229,057 ) 3.22 (474,220 ) 2.92 Forfeited (8,135 ) 11.43 (20,623 ) 5.86 Expired (1,875 ) 2.40 (3,625 ) 3.36 Outstanding, end of period 804,495 $ 7.30 1,007,271 $ 5.34 Options exercisable, end of period 580,721 $ 4.85 732,683 $ 3.84
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	Options outstanding Options exercisable Exercise price Outstanding Number Weighted average exercise price per share Weighted average remaining contractual life (years Aggregate intrinsic value Number exercisable Weighted average exercise price per share Aggregate intrinsic value $ 2.80 - $ 2.92 326,190 $ 2.83 2.0 $ 6,624,395 326,190 $ 2.83 $ 6,624,395 $ 3.00 - $ 5.76 208,940 5.08 2.9 3,773,918 161,997 4.94 2,947,569 $ 8.56 - $ 10.16 110,815 9.15 4.6 1,550,282 52,559 8.95 745,913 $ 14.67 - $ 24.96 158,550 18.11 5.6 837,708 39,975 15.60 301,607 804,495 $ 7.30 3.3 $ 12,786,303 580,721 $ 4.85 $ 10,619,484

Note 16 - Fair Value Measurem34

Note 16 - Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	September 30, 2015 Fair Value Measurements Using Liabilities at Level 1 Level 2 Level 3 Fair value Derivative instrument liability $ - $ 2,181,368 $ - $ 2,181,368 Total liabilities $ - $ 2,181,368 $ - $ 2,181,368 December 31, 2014 Fair Value Measurements Using Liabilities at Level 1 Level 2 Level 3 Fair value Derivative instrument liability $ - $ 1,115,805 $ - $ 1,115,805 Total liabilities $ - $ 1,115,805 $ - $ 1,115,805

Note 2 - Basis of Presentatio35

Note 2 - Basis of Presentation (Details) - General and Administrative Expense [Member] $ in Millions	3 Months Ended
	Sep. 30, 2015USD ($)
Three Months Ended September 30, 2014 [Member]
Note 2 - Basis of Presentation (Details) [Line Items]
Prior Period Reclassification Adjustment	$ 0.1
Nine Months Ended September 30, 2014 [Member]
Note 2 - Basis of Presentation (Details) [Line Items]
Prior Period Reclassification Adjustment	$ 0.7

Note 2 - Basis of Presentatio36

Note 2 - Basis of Presentation (Details) - Summary of Property, Plant and Equipment Depreciation Rates	6 Months Ended
	Jun. 30, 2015
Note 2 - Basis of Presentation (Details) - Summary of Property, Plant and Equipment Depreciation Rates [Line Items]
Leasehold improvements	Over term of lease
Computer Equipment [Member]
Note 2 - Basis of Presentation (Details) - Summary of Property, Plant and Equipment Depreciation Rates [Line Items]
Depreciation rate	30.00%
Computer Software [Member]
Note 2 - Basis of Presentation (Details) - Summary of Property, Plant and Equipment Depreciation Rates [Line Items]
Depreciation rate	100.00%
Furniture and Fixtures [Member]
Note 2 - Basis of Presentation (Details) - Summary of Property, Plant and Equipment Depreciation Rates [Line Items]
Depreciation rate	20.00%
Vehicles and Tools [Member]
Note 2 - Basis of Presentation (Details) - Summary of Property, Plant and Equipment Depreciation Rates [Line Items]
Depreciation rate	20.00%
Fiber Network [Member]
Note 2 - Basis of Presentation (Details) - Summary of Property, Plant and Equipment Depreciation Rates [Line Items]
Depreciation term	15 years
Customer Equipment and Installations [Member]
Note 2 - Basis of Presentation (Details) - Summary of Property, Plant and Equipment Depreciation Rates [Line Items]
Depreciation term	3 years

Note 4 - Acquisitions (Details)

Note 4 - Acquisitions (Details)	Feb. 27, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)	Feb. 17, 2015USD ($)
Note 4 - Acquisitions (Details) [Line Items]
Redeemable Noncontrolling Interest, Equity, Carrying Amount		$ 3,024,349	$ 3,024,349
Noncontrolling Interest, Increase from Subsidiary Equity Issuance		(12,199)	(24,349)
Ting Virginia, LLC [Member]
Note 4 - Acquisitions (Details) [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	70.00%
Business Combination, Consideration Transferred	$ 3,500,000
Business Combination Customers Acquired Number	3,000
Business Combination, Interest Subject to Put and Call Option Exercise	30.00%
Business Combination, Put Option Excercisable Term	7 days
Business Combination, Interest Subject to Put Option Exercise	10.00%
Business Combination, Consideration to be Transfered upon Exercise of Options per Percentage Point	$ 100,000
Redeemable Noncontrolling Interest, Equity, Carrying Amount		3,024,349	3,024,349
Noncontrolling Interest, Increase from Subsidiary Equity Issuance		12,199	24,349
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables				$ 200,000
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual		$ 900,000	$ 2,400,000
Ting Virginia, LLC [Member] | Exercisable on Second Anniversary of Business Combination [Member]
Note 4 - Acquisitions (Details) [Line Items]
Business Combination, Interest Subject to Call Option Exercise	20.00%
Ting Virginia, LLC [Member] | Exercisable on Fourth Anniversary of Business Combination [Member] | Exercisable by the Minority Shareholders [Member]
Note 4 - Acquisitions (Details) [Line Items]
Business Combination, Consideration to be Transfered upon Exercise of Options per Percentage Point	$ 120,000
Ting Virginia, LLC [Member] | Derivatives Embedded in Business Combination Agreement [Member]
Note 4 - Acquisitions (Details) [Line Items]
Redeemable Noncontrolling Interest, Equity, Carrying Amount	$ 3,000,000
Business Combination, Contingent Consideration, Accrete Discount Rate	5.00%
Business Combination, Contingent Consideration, Accrete Discount Rate Term	4 years

Note 4 - Acquisitions (Detail38

Note 4 - Acquisitions (Details) - Preliminary Purchase Consideration - USD ($)	Feb. 27, 2015	Sep. 30, 2015
Note 4 - Acquisitions (Details) - Preliminary Purchase Consideration [Line Items]
Less refund from working capital adjustment		$ 50,000
Ting Virginia, LLC [Member]
Note 4 - Acquisitions (Details) - Preliminary Purchase Consideration [Line Items]
Cash	$ 3,135,140	357,493
Less refund from working capital adjustment	(50,000)	$ 50,000
Repayment of debt	418,775
Redeemable non-controlling interest	3,000,000
	$ 6,503,915

Note 4 - Acquisitions (Detail39

Note 4 - Acquisitions (Details) - Purchase Price Allocation - USD ($)	Sep. 30, 2015	Feb. 27, 2015	Dec. 31, 2014
Intangible assets, including:x
Goodwill	$ 21,005,143		$ 18,873,127
Ting Virginia, LLC [Member]
Note 4 - Acquisitions (Details) - Purchase Price Allocation [Line Items]
Current assets (including cash of $21,423)		$ 338,577
Current liabilities		(529,702)
Intangible assets, including:x
Goodwill		2,132,016
Net assets acquired		6,503,915
Ting Virginia, LLC [Member] | Fiber Network [Member]
Property and equipment, including:
Property and Equipment		3,456,024
Ting Virginia, LLC [Member] | Computer Equipment [Member]
Property and equipment, including:
Property and Equipment		200,000
Ting Virginia, LLC [Member] | Furniture and Fixtures [Member]
Property and equipment, including:
Property and Equipment		5,000
Ting Virginia, LLC [Member] | Vehicles [Member]
Property and equipment, including:
Property and Equipment		92,000
Ting Virginia, LLC [Member] | Leasehold Improvements [Member]
Property and equipment, including:
Property and Equipment		50,000
Network Rights [Member] | Ting Virginia, LLC [Member]
Intangible assets, including:x
Intangible Assets		692,000
Customer Relationships [Member] | Ting Virginia, LLC [Member]
Intangible assets, including:x
Intangible Assets		$ 68,000

Note 4 - Acquisitions (Detail40

Note 4 - Acquisitions (Details) - Purchase Price Allocation (Parentheticals)	Feb. 27, 2015USD ($)
Ting Virginia, LLC [Member]
Note 4 - Acquisitions (Details) - Purchase Price Allocation (Parentheticals) [Line Items]
Cash	$ 21,423

Note 5 - Other Assets (Details)

Note 5 - Other Assets (Details) - Summary of Other Assets	Dec. 31, 2014USD ($)
Note 5 - Other Assets (Details) - Summary of Other Assets [Line Items]
Other assets	$ 8,199,000
Radix FZC And NameCheap Inc. [Member]
Note 5 - Other Assets (Details) - Summary of Other Assets [Line Items]
Other assets	5,074,000
Ting Virginia, LLC [Member]
Note 5 - Other Assets (Details) - Summary of Other Assets [Line Items]
Other assets	$ 3,125,000

Note 6 - Derivative Instrumen42

Note 6 - Derivative Instruments and Hedging Activities (Details) - Forward Contracts [Member] - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Note 6 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative, Notional Amount	$ 31,000,000	$ 22,800,000	$ 31,000,000	$ 22,800,000
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	(100,000)	(25,000)	(300,000)	(200,000)
Designated as Hedging Instrument [Member]
Note 6 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative, Notional Amount	26,400,000	19,000,000	26,400,000	19,000,000
Not Designated as Hedging Instrument [Member]
Note 6 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 100,000	$ 100,000	$ 200,000	$ 20,000

Note 6 - Derivative Instrumen43

Note 6 - Derivative Instruments and Hedging Activities (Details) - Fair Value of Derivative Instruments in the Consolidated Balance Sheets - Derivative Instruments [Member] - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts	$ (2,181,368)	$ (1,115,805)
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts	(329,523)	(169,129)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts	$ (1,851,845)	$ (946,676)

Note 6 - Derivative Instrumen44

Note 6 - Derivative Instruments and Hedging Activities (Details) - Movement in AOCI Balance - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Movement in AOCI Balance [Abstract]
Opening AOCI balance	$ (1,293,175)		$ (946,676)
Opening AOCI balance	459,851		324,235
Opening AOCI balance	(833,324)		(622,441)
Other comprehensive income (loss)before reclassifications	(1,124,049)		(2,693,436)
Other comprehensive income (loss)before reclassifications	399,713		970,188
Other comprehensive income (loss)before reclassifications	(724,336)	$ (437,519)	(1,723,248)	$ (602,901)
Amount reclassified from accumulated other comprehensive income	565,379		1,788,267
Amount reclassified from accumulated other comprehensive income	(201,049)		(635,908)
Amount reclassified from accumulated other comprehensive income	364,330	$ 57,701	1,152,359	$ 437,893
Other comprehensive income (loss)	(558,670)		(905,169)
Other comprehensive income (loss)	198,664		334,280
Other comprehensive income (loss)	(360,006)		(570,889)
Ending AOCI balance	(1,851,845)		(1,851,845)
Ending AOCI balance	658,515		658,515
Ending AOCI balance	$ (1,193,330)		$ (1,193,330)

Note 6 - Derivative Instrumen45

Note 6 - Derivative Instruments and Hedging Activities (Details) - Effects of Derivative Instruments on Income and Other Comprehensive Income (OCI) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Operating Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	$ (314,841)	$ (40,112)	$ (886,076)	$ (321,136)
Amount of Gain or (Loss) Recognized in Income on Derivative (ineffective Portion and Amount Excluded from Effectiveness Testing)	(84,312)		(115,635)
Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)	(360,006)	(437,519)	(570,889)	(602,901)
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	$ (49,489)	$ (17,589)	$ (266,284)	$ (116,757)

Note 7 - Goodwill and Other I46

Note 7 - Goodwill and Other Intangible Assets (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Feb. 27, 2015
Note 7 - Goodwill and Other Intangible Assets (Details) [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 5,900,000		$ 5,900,000
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 18,550		$ 68,848	$ 577,145
Domain Services Operating Segment [Member]
Note 7 - Goodwill and Other Intangible Assets (Details) [Line Items]
Goodwill, Percentage Related to Operating Segments	90.00%		90.00%
Network Access Services Operating Segment [Member]
Note 7 - Goodwill and Other Intangible Assets (Details) [Line Items]
Goodwill, Percentage Related to Operating Segments	10.00%		10.00%
Domain Name Services [Member]
Note 7 - Goodwill and Other Intangible Assets (Details) [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 18,550	$ 0	$ 68,848	$ 600,000
Ting Virginia, LLC [Member]
Note 7 - Goodwill and Other Intangible Assets (Details) [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired					70.00%

Note 7 - Goodwill and Other I47

Note 7 - Goodwill and Other Intangible Assets (Details) - Goodwill - USD ($)	Feb. 27, 2015	Sep. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Goodwill [Line Items]
Balances		$ 21,005,143		$ 18,873,127
Less refund on finalization of working capital adjustment		(50,000)
Domain Services [Member]
Goodwill [Line Items]
Balances	$ 2,182,016	21,005,143	$ 21,055,143	18,873,127
Boardtown Corporation [Member] | Domain Services [Member]
Goodwill [Line Items]
Balances		2,044,847	2,044,847	2,044,847
Hosted Messaging Assets of Critical Path [Member] | Domain Services [Member]
Goodwill [Line Items]
Balances		4,072,297	4,072,297	4,072,297
Innerwise Inc. [Member] | Domain Services [Member]
Goodwill [Line Items]
Balances		5,801,040	5,801,040	5,801,040
Mailbank.com Inc. [Member] | Domain Services [Member]
Goodwill [Line Items]
Balances		6,072,623	6,072,623	6,072,623
EPAG Domainservices GmbH [Member] | Domain Services [Member]
Goodwill [Line Items]
Balances		882,320	882,320	$ 882,320
Ting Virginia, LLC [Member]
Goodwill [Line Items]
Balances	2,132,016
Less refund on finalization of working capital adjustment	50,000	(50,000)
Ting Virginia, LLC [Member] | Domain Services [Member]
Goodwill [Line Items]
Balances	$ 2,182,016	$ 2,132,016	$ 2,182,016

Note 7 - Goodwill and Other I48

Note 7 - Goodwill and Other Intangible Assets (Details) - Acquired Intangible Assets by Major Class - USD ($)	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015	Sep. 30, 2015	Sep. 30, 2014
Note 7 - Goodwill and Other Intangible Assets (Details) - Acquired Intangible Assets by Major Class [Line Items]
Net book value			$ 735,730	$ 735,730
Net book value	$ 14,768,934		14,202,585	14,202,585
Sales of domain names	(2,866)	$ (10,708)		(20,551)	$ (19,577)
Impairment of domain names	(18,550)			(68,848)	(577,145)
Amortization expense	(68,529)	$ (107,230)		(194,197)	$ (545,290)
Net book value	1,301,533			1,301,533
Net book value	14,678,989		14,768,934	14,678,989
Surname Domain Names Indefinite Life [Member]
Note 7 - Goodwill and Other Intangible Assets (Details) - Acquired Intangible Assets by Major Class [Line Items]
Net book value	11,481,166		11,525,624	11,525,624
Sales of domain names	(1,298)			(4,868)
Impairment of domain names	(1,298)			(42,186)
Net book value	11,478,570		11,481,166	11,478,570
Direct Navigation Domain Names Indefinite Life [Member]
Note 7 - Goodwill and Other Intangible Assets (Details) - Acquired Intangible Assets by Major Class [Line Items]
Net book value	1,917,706		1,941,231	1,941,231
Sales of domain names	(1,568)			(15,683)
Impairment of domain names	(17,252)			(26,662)
Net book value	$ 1,898,886		1,917,706	1,898,886
Ting Virginia, LLC [Member]
Note 7 - Goodwill and Other Intangible Assets (Details) - Acquired Intangible Assets by Major Class [Line Items]
Acquisition of BRI Group, February 2015				760,000
Brand [Member]
Note 7 - Goodwill and Other Intangible Assets (Details) - Acquired Intangible Assets by Major Class [Line Items]
	7 years
Net book value	$ 95,090		110,510	110,510
Amortization expense	(7,710)			(23,130)
Net book value	87,380		95,090	87,380
Customer Relationships [Member]
Note 7 - Goodwill and Other Intangible Assets (Details) - Acquired Intangible Assets by Major Class [Line Items]
Net book value	598,428		625,220	625,220
Amortization expense	(49,287)			(144,079)
Net book value	$ 549,141		598,428	549,141
Customer Relationships [Member] | Ting Virginia, LLC [Member]
Note 7 - Goodwill and Other Intangible Assets (Details) - Acquired Intangible Assets by Major Class [Line Items]
Acquisition of BRI Group, February 2015				68,000
Customer Relationships [Member] | Minimum [Member]
Note 7 - Goodwill and Other Intangible Assets (Details) - Acquired Intangible Assets by Major Class [Line Items]
	4 years
Customer Relationships [Member] | Maximum [Member]
Note 7 - Goodwill and Other Intangible Assets (Details) - Acquired Intangible Assets by Major Class [Line Items]
	7 years
Network Rights [Member]
Note 7 - Goodwill and Other Intangible Assets (Details) - Acquired Intangible Assets by Major Class [Line Items]
	15 years
Net book value	$ 676,544
Amortization expense	(11,532)			(26,988)
Net book value	$ 665,012		$ 676,544	665,012
Network Rights [Member] | Ting Virginia, LLC [Member]
Note 7 - Goodwill and Other Intangible Assets (Details) - Acquired Intangible Assets by Major Class [Line Items]
Acquisition of BRI Group, February 2015				$ 692,000

Note 8 - Loan Payable (Details)

Note 8 - Loan Payable (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)
Note 8 - Loan Payable (Details) [Line Items]
Line of Credit Facility, Covenant Period		18 months
Foreign Exchange Risk [Member]
Note 8 - Loan Payable (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 3,500,000	$ 3,500,000
Derivative Asset, Fair Value, Gross Asset	31,000,000	31,000,000
Operating Demand Loan [Member]
Note 8 - Loan Payable (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	1,000,000	1,000,000
Debt Instrument, Fee Amount	500	500
Long-term Line of Credit	0	$ 0
Base Rate [Member] | Operating Demand Loan [Member]
Note 8 - Loan Payable (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.25%
2012 Demand Loan Facilities [Member]
Note 8 - Loan Payable (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	14,000,000	$ 14,000,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.20%
DLR Loan [Member]
Note 8 - Loan Payable (Details) [Line Items]
Debt Instrument, Term		30 days
Long-term Debt	3,500,000	$ 3,500,000
DLR Loan [Member] | Base Rate [Member]
Note 8 - Loan Payable (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.25%
2012 DLRR Loan [Member]
Note 8 - Loan Payable (Details) [Line Items]
Debt Instrument, Term		4 years
Proceeds from Lines of Credit	$ 0
2012 DLRR Loan [Member] | Base Rate [Member]
Note 8 - Loan Payable (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.25%
2012 DLRR Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Note 8 - Loan Payable (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.50%
Amended Credit Facility [Member]
Note 8 - Loan Payable (Details) [Line Items]
Maximum Total Funded Debt To EBITDA Ratio	2	2
Minimum Fixed Charge Coverage	1.20	1.20
Line of Credit Facility Maximum Annual Capital Expenditure Ceiling		$ 3,600,000
Maximum [Member] | 2012 Demand Loan Facilities [Member]
Note 8 - Loan Payable (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 14,000,000	14,000,000
Line of Credit Facility Share Repurchase Limit		$ 2,000,000

Note 9 - Income Taxes (Details)

Note 9 - Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ 1,834,400	$ 1,143,981	$ 4,926,189	$ 2,061,526
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	4,993,857	$ 3,834,886	13,204,584	$ 6,576,452
Unrecognized Tax Benefits	100,000		100,000		$ 100,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 0		$ 0		$ 0

Note 10 - Other Liabilities (De

Note 10 - Other Liabilities (Details) $ in Millions	1 Months Ended
	Feb. 28, 2015USD ($)
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]
Gain on Waiver of Rights under Proposed Joint Venture	$ 1.5

Note 11 - Basic and Diluted E52

Note 11 - Basic and Diluted Earnings Per Common Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Note 11 - Basic and Diluted Earnings Per Common Share (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	23,000		69,000
Stock Repurchase [Member]
Note 11 - Basic and Diluted Earnings Per Common Share (Details) [Line Items]
Stock Repurchased and Retired During Period, Shares	398,000	73,300	637,502	79,392
Dutch Auction Member
Note 11 - Basic and Diluted Earnings Per Common Share (Details) [Line Items]
Stock Repurchased and Retired During Period, Shares			193,907

Note 11 - Basic and Diluted E53

Note 11 - Basic and Diluted Earnings Per Common Share (Details) - Summary of Basic and Diluted Earnings Per Common Share - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator for basic and diluted earnings per common share:
Net income for the period (in Dollars)	$ 3,159,457	$ 2,690,905	$ 8,278,395	$ 4,514,926
Denominator for basic and diluted earnings per common share:
Basic weighted average number of common shares outstanding	10,984,869	11,321,175	11,057,634	11,190,684
Effect of outstanding stock options	387,813	466,574	412,023	528,226
Diluted weighted average number of shares outstanding	11,372,682	11,787,749	11,469,657	11,718,910
Basic earnings per common share
(in Dollars per share)	$ 0.29	$ 0.24	$ 0.75	$ 0.40
Diluted earnings per common share
(in Dollars per share)	$ 0.28	$ 0.23	$ 0.72	$ 0.39

Note 12 - Segment Reporting (De

Note 12 - Segment Reporting (Details)	9 Months Ended
	Sep. 30, 2015
Note 12 - Segment Reporting (Details) [Line Items]
Number of Operating Segments	2
Ting Virginia, LLC [Member]
Note 12 - Segment Reporting (Details) [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	70.00%

Note 12 - Segment Reporting (55

Note 12 - Segment Reporting (Details) - Information by Reportable Segments - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Condensed Income Statements, Captions [Line Items]
Net Revenues	$ 44,551,909	$ 38,874,183	$ 127,908,962	$ 108,864,578
Cost of Revenues	28,779,882	25,985,875	83,851,928	75,038,518
Gross Profit before network expenses	15,772,027	12,888,308	44,057,034	33,826,060
Network expenses	1,756,977	1,311,534	4,968,938	3,956,812
Gross Profit	14,015,050	11,576,774	39,088,096	29,869,248
Expenses:
Sales and marketing	4,740,662	3,593,486	13,387,800	11,377,701
Technical operations and development	1,101,581	1,041,136	3,405,052	3,238,566
General and administrative	2,607,916	2,727,626	7,826,405	6,959,984
Depreciation of property and equipment	63,790	58,685	185,074	167,527
Amortization of intangibles	56,997	107,230	167,209	545,290
Write-off / impairment of indefinite life intangible assets	18,550		68,848	577,145
Loss on currency forward contracts	352,738	150,227	681,988	219,904
Income from operations	5,072,816	3,898,384	13,365,720	6,783,131
Other income expenses, net	78,959	63,498	161,136	206,679
Income before provision for income taxes	4,993,857	3,834,886	13,204,584	6,576,452
Domain Name Services [Member]
Condensed Income Statements, Captions [Line Items]
Net Revenues	28,011,427	29,125,494	83,023,497	84,143,913
Cost of Revenues	19,568,741	20,191,680	58,796,993	59,922,918
Gross Profit before network expenses	8,442,686	8,933,814	24,226,504	24,220,995
Network Access Services [Member]
Condensed Income Statements, Captions [Line Items]
Net Revenues	16,540,482	9,748,689	44,885,465	24,720,665
Cost of Revenues	9,211,141	5,794,195	25,054,935	15,115,600
Gross Profit before network expenses	7,329,341	3,954,494	19,830,530	9,605,065
Network expenses	$ 1,756,977	$ 1,311,534	$ 4,968,938	$ 3,956,812

Note 12 - Segment Reporting (56

Note 12 - Segment Reporting (Details) - Summary of the Company's Revenue Earned from Each Significant Revenue Stream - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Wholesale
Operating revenues	$ 44,551,909	$ 38,874,183	$ 127,908,962	$ 108,864,578
Domain Name Services [Member]
Wholesale
Operating revenues	28,011,427	29,125,494	83,023,497	84,143,913
Network Access Services [Member]
Wholesale
Operating revenues	16,540,482	9,748,689	44,885,465	24,720,665
Ting [Member] | Network Access Services [Member]
Wholesale
Operating revenues	16,540,482	9,748,689	44,885,465	24,720,665
Wholesale [Member] | Domain Name Services [Member]
Wholesale
Operating revenues	23,541,869	24,230,376	70,601,698	72,381,748
Wholesale [Member] | Domain Services [Member] | Domain Name Services [Member]
Wholesale
Operating revenues	21,137,420	21,880,181	63,599,414	65,032,221
Wholesale [Member] | Value Added Services [Member] | Domain Name Services [Member]
Wholesale
Operating revenues	2,404,449	2,350,195	7,002,284	7,349,527
Retail [Member] | Domain Name Services [Member]
Wholesale
Operating revenues	3,153,992	2,687,478	9,039,185	7,612,079
Portfolio [Member] | Domain Name Services [Member]
Wholesale
Operating revenues	$ 1,315,566	$ 2,207,640	$ 3,382,614	$ 4,150,086

Note 12 - Segment Reporting (57

Note 12 - Segment Reporting (Details) - Summary of the Company's Cost of Revenues from Each Significant Revenue Stream - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Wholesale
Cost of revenues	$ 30,536,859	$ 27,297,409	$ 88,820,866	$ 78,995,330
Network Expenses:
Network, other costs	1,421,279	1,139,515	4,138,213	3,427,856
Network, depreciation and amortization costs	11,532		26,988
Total Network Expenses	1,756,977	1,311,534	4,968,938	3,956,812
Domain Name Services [Member]
Wholesale
Cost of revenues	19,568,741	20,191,680	58,796,993	59,922,918
Network Access Services [Member]
Wholesale
Cost of revenues	9,211,141	5,794,195	25,054,935	15,115,600
Network Expenses:
Network, other costs	1,421,279	1,139,515	4,138,213	3,427,856
Network, depreciation and amortization costs	335,698	172,019	830,725	528,956
Total Network Expenses	1,756,977	1,311,534	4,968,938	3,956,812
Ting [Member] | Network Access Services [Member]
Wholesale
Cost of revenues	9,211,141	5,794,195	25,054,935	15,115,600
Wholesale [Member] | Domain Name Services [Member]
Wholesale
Cost of revenues	17,969,849	18,805,654	54,298,792	55,953,928
Wholesale [Member] | Domain Services [Member] | Domain Name Services [Member]
Wholesale
Cost of revenues	17,612,791	18,229,841	52,904,084	54,274,382
Wholesale [Member] | Value Added Services [Member] | Domain Name Services [Member]
Wholesale
Cost of revenues	357,058	575,813	1,394,708	1,679,546
Retail [Member] | Domain Name Services [Member]
Wholesale
Cost of revenues	1,427,267	1,196,875	3,970,387	3,322,950
Portfolio [Member] | Domain Name Services [Member]
Wholesale
Cost of revenues	$ 171,625	$ 189,151	$ 527,814	$ 646,040

Note 12 - Segment Reporting (58

Note 12 - Segment Reporting (Details) - Summary of Company's Property and Equipment by Geographic Region - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Note 12 - Segment Reporting (Details) - Summary of Company's Property and Equipment by Geographic Region [Line Items]
Property, plant and equipment	$ 6,472,226	$ 1,609,787
CANADA
Note 12 - Segment Reporting (Details) - Summary of Company's Property and Equipment by Geographic Region [Line Items]
Property, plant and equipment	1,150,695	1,131,883
UNITED STATES
Note 12 - Segment Reporting (Details) - Summary of Company's Property and Equipment by Geographic Region [Line Items]
Property, plant and equipment	5,256,958	379,891
GERMANY
Note 12 - Segment Reporting (Details) - Summary of Company's Property and Equipment by Geographic Region [Line Items]
Property, plant and equipment	$ 64,573	$ 98,013

Note 12 - Segment Reporting (59

Note 12 - Segment Reporting (Details) - Summary of Company's Amortizable Intangible Assets by Geographic Region - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Note 12 - Segment Reporting (Details) - Summary of Company's Amortizable Intangible Assets by Geographic Region [Line Items]
Amortizable intangible assets	$ 1,301,533	$ 735,730
UNITED STATES
Note 12 - Segment Reporting (Details) - Summary of Company's Amortizable Intangible Assets by Geographic Region [Line Items]
Amortizable intangible assets	719,793
GERMANY
Note 12 - Segment Reporting (Details) - Summary of Company's Amortizable Intangible Assets by Geographic Region [Line Items]
Amortizable intangible assets	$ 581,740	$ 735,730

Note 12 - Segment Reporting (60

Note 12 - Segment Reporting (Details) - Summary of Company's Deferred Tax Asset, Net of Valuation Allowance - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Note 12 - Segment Reporting (Details) - Summary of Company's Deferred Tax Asset, Net of Valuation Allowance [Line Items]
Deferred tax assets	$ 8,919,616	$ 7,378,619
CANADA
Note 12 - Segment Reporting (Details) - Summary of Company's Deferred Tax Asset, Net of Valuation Allowance [Line Items]
Deferred tax assets	$ 8,919,616	$ 7,378,619

Note 12 - Segment Reporting (61

Note 12 - Segment Reporting (Details) - Summary of Valuation and Qualifying Accounts - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Allowance for doubtful accounts, excluding provision for credit notes
Balance at beginning of period	$ 125,766	$ 91,226
Charged to (recovered) costs and expenses	(2,734)	34,540
Balance at end period	$ 123,032	$ 125,766

Note 14 - Stockholders' Equit62

Note 14 - Stockholders' Equity (Details) - USD ($)	Jan. 08, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Feb. 11, 2015	Jan. 07, 2015	Dec. 31, 2014	Mar. 05, 2014
Note 14 - Stockholders' Equity (Details) [Line Items]
Stock Repurchased and Retired During Period, Value		$ 9,977,495		$ 18,179,176
Common Stock, Shares, Issued (in Shares)		10,727,380		10,727,380			11,135,825	11,329,732
Common Stock, Shares, Outstanding (in Shares)		10,727,380		10,727,380			11,135,825	11,329,732
Dutch Auction Tender Offer [Member]
Note 14 - Stockholders' Equity (Details) [Line Items]
Stock Repurchased and Retired During Period, Shares (in Shares)	193,907
Treasury Stock Acquired, Average Cost Per Share (in Dollars per share)	$ 18.50
Stock Repurchased and Retired During Period, Value	$ 3,587,280
Stock Repurchased Transaction Costs	$ 70,000
Stock Buyback Program 2015 [Member]
Note 14 - Stockholders' Equity (Details) [Line Items]
Stock Repurchased and Retired During Period, Shares (in Shares)		398,000		637,502
Stock Repurchased and Retired During Period, Value		$ 9,977,495		$ 14,522,087
Stock Repurchase Program, Authorized Amount						$ 20,000,000
Stock Buyback Program 2014 [Member]
Note 14 - Stockholders' Equity (Details) [Line Items]
Stock Repurchased and Retired During Period, Shares (in Shares)			73,300		79,392
Stock Repurchased and Retired During Period, Value			$ 1,100,000		$ 1,200,000
Stock Repurchase Program, Authorized Amount									$ 20,000,000

Note 14 - Stockholders' Equit63

Note 14 - Stockholders' Equity (Details) - Stockholders' Equity Transactions - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Note 14 - Stockholders' Equity (Details) - Stockholders' Equity Transactions [Line Items]
Balance	$ 34,222,427		$ 35,642,393
Exercise of stock options	$ 189,913		$ 737,368
Exercise of stock options (in Shares)	41,404	134,199	229,057	474,220
Repurchase and retirement of shares	$ (9,977,495)		$ (18,179,176)
Stock-based compensation	128,575		378,228
Income tax effect related to stock options exercised	312,092		1,400,794
Net income for the period	3,159,457	$ 2,690,905	8,278,395	$ 4,514,926
Increase to reflect the present value of Redeemable non-controlling interest	(12,199)		(24,349)
Unrealized loss on foreign currency forward contracts treated as hedges	(724,336)		(1,723,248)
Reclassification to net income due to settlement of foreign currency forward contracts treated as hedges	364,330	$ 57,701	1,152,359	$ 437,893
Balance	27,662,764		27,662,764
Common Stock [Member]
Note 14 - Stockholders' Equity (Details) - Stockholders' Equity Transactions [Line Items]
Balance	$ 14,411,616		$ 14,130,059
Balance (in Shares)	11,083,976		11,329,732
Exercise of stock options	$ 272,269		$ 1,102,612
Exercise of stock options (in Shares)	41,404		229,057
Repurchase and retirement of shares	$ (523,696)		$ (1,072,482)
Repurchase and retirement of shares (in Shares)	(398,000)		(831,409)
Balance	$ 14,160,189		$ 14,160,189
Balance (in Shares)	10,727,380		10,727,380
Additional Paid-in Capital [Member]
Note 14 - Stockholders' Equity (Details) - Stockholders' Equity Transactions [Line Items]
Balance	$ 22,492,630		$ 29,090,058
Exercise of stock options	(82,356)		(365,244)
Repurchase and retirement of shares	(9,453,799)		(17,106,694)
Stock-based compensation	128,575		378,228
Income tax effect related to stock options exercised	312,092		1,400,794
Balance	13,397,142		13,397,142
Retained Earnings [Member]
Note 14 - Stockholders' Equity (Details) - Stockholders' Equity Transactions [Line Items]
Balance	(1,848,495)		(6,955,283)
Net income for the period	3,159,457		8,278,395
Increase to reflect the present value of Redeemable non-controlling interest	(12,199)		(24,349)
Balance	1,298,763		1,298,763
AOCI Attributable to Parent [Member]
Note 14 - Stockholders' Equity (Details) - Stockholders' Equity Transactions [Line Items]
Balance	(833,324)		(622,441)
Unrealized loss on foreign currency forward contracts treated as hedges	(724,336)		(1,723,248)
Reclassification to net income due to settlement of foreign currency forward contracts treated as hedges	364,330		1,152,359
Balance	$ (1,193,330)		$ (1,193,330)

Note 15 - Share-based Payment64

Note 15 - Share-based Payments (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Note 15 - Share-based Payments (Details) [Line Items]
Allocated Share-based Compensation Expense	$ 128,575	$ 230,712	$ 378,228	$ 417,046
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount			0
Employee Stock Option [Member]
Note 15 - Share-based Payments (Details) [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 1,082,822		$ 1,082,822
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			2 years 36 days

Note 15 - Share-based Payment65

Note 15 - Share-based Payments (Details) - Stock Option Transactions - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Stock Option Transactions [Abstract]
Outstanding, beginning of period	827,076	1,052,308	976,062	1,407,639
Outstanding, beginning of period	$ 6.69	$ 4.01	$ 6.23	$ 3.80
Outstanding, end of period	804,495	1,007,271	804,495	1,007,271
Outstanding, end of period	$ 7.30	$ 5.34	$ 7.30	$ 5.34
Options exercisable, end of period	580,721	732,683	580,721	732,683
Options exercisable, end of period	$ 4.85	$ 3.84	$ 4.85	$ 3.84
Granted	22,500	98,100	67,500	98,100
Granted	$ 24.96	$ 15.83	$ 21.26	$ 15.83
Exercised	(41,404)	(134,199)	(229,057)	(474,220)
Exercised	$ 4.59	$ 2.56	$ 3.22	$ 2.92
Forfeited	(3,677)	(8,938)	(8,135)	(20,623)
Forfeited	$ 9.63	$ 6.15	$ 11.43	$ 5.86
Expired			(1,875)	(3,625)
Expired			$ 2.40	$ 3.36

Note 15 - Share-based Payment66

Note 15 - Share-based Payments (Details) - Summary of Exercise Prices, Weighted Average Remaining Contractual Life and Intrinsic Values of Outstanding Options - USD ($)	9 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number outstanding (in Shares)	804,495	827,076	976,062	1,007,271	1,052,308	1,407,639
Weighted average exercise price per share, options outstanding	$ 7.30	$ 6.69	$ 6.23	$ 5.34	$ 4.01	$ 3.80
Weighted average remaining contractual life (years), options outstanding	3 years 109 days
Aggregate intrinsic value, options outstanding (in Dollars)	$ 12,786,303
Number exercisable (in Shares)	580,721			732,683
Weighted average exercise price per share, options exercisable	$ 4.85			$ 3.84
Aggregate intrinsic value, options exercisable (in Dollars)	$ 10,619,484
Exercise Price Range 01 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price - lower	$ 2.80
Exercise price - higher	$ 2.92
Number outstanding (in Shares)	326,190
Weighted average exercise price per share, options outstanding	$ 2.83
Weighted average remaining contractual life (years), options outstanding	2 years
Aggregate intrinsic value, options outstanding (in Dollars)	$ 6,624,395
Number exercisable (in Shares)	326,190
Weighted average exercise price per share, options exercisable	$ 2.83
Aggregate intrinsic value, options exercisable (in Dollars)	$ 6,624,395
Exercise Price Range 02 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price - lower	$ 3
Exercise price - higher	$ 5.76
Number outstanding (in Shares)	208,940
Weighted average exercise price per share, options outstanding	$ 5.08
Weighted average remaining contractual life (years), options outstanding	2 years 328 days
Aggregate intrinsic value, options outstanding (in Dollars)	$ 3,773,918
Number exercisable (in Shares)	161,997
Weighted average exercise price per share, options exercisable	$ 4.94
Aggregate intrinsic value, options exercisable (in Dollars)	$ 2,947,569
Exercise Price Range 03 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price - lower	$ 8.56
Exercise price - higher	$ 10.16
Number outstanding (in Shares)	110,815
Weighted average exercise price per share, options outstanding	$ 9.15
Weighted average remaining contractual life (years), options outstanding	4 years 219 days
Aggregate intrinsic value, options outstanding (in Dollars)	$ 1,550,282
Number exercisable (in Shares)	52,559
Weighted average exercise price per share, options exercisable	$ 8.95
Aggregate intrinsic value, options exercisable (in Dollars)	$ 745,913
Exercise Price Range 04 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price - lower	$ 14.67
Exercise price - higher	$ 24.96
Number outstanding (in Shares)	158,550
Weighted average exercise price per share, options outstanding	$ 18.11
Weighted average remaining contractual life (years), options outstanding	5 years 219 days
Aggregate intrinsic value, options outstanding (in Dollars)	$ 837,708
Number exercisable (in Shares)	39,975
Weighted average exercise price per share, options exercisable	$ 15.60
Aggregate intrinsic value, options exercisable (in Dollars)	$ 301,607

Note 16 - Fair Value Measurem67

Note 16 - Fair Value Measurement (Details) - Summary of the Fair Values of the Company's Derivative Instrument Liabilities - Fair Value, Measurements, Recurring [Member] - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Note 16 - Fair Value Measurement (Details) - Summary of the Fair Values of the Company's Derivative Instrument Liabilities [Line Items]
Derivative instrument liability	$ 2,181,368	$ 1,115,805
Fair Value, Inputs, Level 2 [Member]
Note 16 - Fair Value Measurement (Details) - Summary of the Fair Values of the Company's Derivative Instrument Liabilities [Line Items]
Derivative instrument liability	$ 2,181,368	$ 1,115,805