Tucows (TCX) 10-Q 9 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 06, 2017
Document Information [Line Items]
Entity Registrant Name	TUCOWS INC /PA/
Entity Central Index Key	909,494
Trading Symbol	tcx
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		10,577,549
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 12,547,059	$ 15,105,075
Accounts receivable, net of allowance for doubtful accounts of $167,886 as of September 30, 2017 and $164,145 as of December 31, 2016	13,726,565	10,925,622
Inventory	2,949,172	1,210,789
Prepaid expenses and deposits	14,712,889	6,250,555
Derivative instrument asset, current portion (note 5)	559,663	172,888
Prepaid domain name registry and ancillary services fees, current portion	106,672,400	49,396,737
Income taxes recoverable	780,185	220,451
Total current assets	151,947,933	83,282,117
Prepaid domain name registry and ancillary services fees, long-term portion	23,791,150	10,993,156
Property and equipment	22,232,870	13,450,438
Deferred tax asset		5,708,725
Intangible assets (note 6)	60,562,113	19,973,793
Goodwill (note 6)	87,486,243	21,005,143
Total assets	346,020,309	154,413,372
Current liabilities:
Accounts payable	5,946,691	4,786,645
Accrued liabilities	8,681,752	7,098,905
Customer deposits	15,303,523	5,418,622
Deferred rent, current portion	20,947	20,854
Loan payable, current portion (note 7)	18,289,853	2,233,110
Deferred revenue, current portion	131,971,919	62,795,079
Accreditation fees payable, current portion	1,201,477	528,027
Income taxes payable	1,239,754	1,548,121
Total current liabilities	182,655,916	84,429,363
Deferred revenue, long-term portion	31,219,144	15,053,977
Accreditation fees payable, long-term portion	299,909	115,084
Deferred rent, long-term portion	129,656	124,202
Loan payable, long-term portion (note 7)	63,137,229	8,015,698
Deferred gain	558,220	944,680
Deferred tax liability	18,198,544	4,827,192
Redeemable non-controlling interest (note 4 (a))	1,123,738	3,086,090
Stockholders' equity (note 12)
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; 10,577,549 shares issued and outstanding as of September 30, 2017 and 10,461,574 shares issued and outstanding as of December 31, 2016	15,284,633	14,460,500
Additional paid-in capital	1,602,181	2,857,921
Retained earnings	31,489,104	20,399,511
Accumulated other comprehensive income	322,035	99,154
Total stockholders' equity	48,697,953	37,817,086
Total liabilities and stockholders' equity	346,020,309	154,413,372
Commitments and contingencies (note 11)

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands	Sep. 30, 2017	Dec. 31, 2016
Accounts receivable, allowance for doubtful accounts	$ 167,886	$ 164,145
Preferred stock, no par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	1,250,000	1,250,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares issued (in shares)	10,577,549	10,461,574
Common stock, shares outstanding (in shares)	10,577,549	10,461,574

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net revenues (note 10)	$ 85,008,484	$ 49,064,327	$ 238,799,847	$ 141,014,329
Cost of revenues (note 10)
Cost of revenues	61,066,761	30,846,668	169,822,817	89,445,493
Network expenses	2,460,696	1,287,620	7,064,458	3,925,377
Depreciation of property and equipment	823,441	278,746	2,128,417	976,419
Amortization of intangible assets (note 6)	499,032	13,421	1,334,596	36,485
Total cost of revenues	64,849,930	32,426,455	180,350,288	94,383,774
Gross profit	20,158,554	16,637,872	58,449,559	46,630,555
Expenses:
Sales and marketing	7,578,414	5,479,445	22,244,961	15,174,619
Technical operations and development	1,910,147	1,270,107	5,402,385	3,445,118
General and administrative	2,852,345	2,166,217	9,596,298	7,497,752
Depreciation of property and equipment	154,638	178,687	485,648	328,877
Amortization of intangible assets (note 6)	1,745,923	279,126	4,735,221	613,041
Impairment of indefinite life intangible assets (note 6)	1,500	2,866	1,500	27,745
Loss (gain) on currency forward contracts (note 5)	(54,075)	22,475	(115,276)	(96,993)
Total expenses	14,188,892	9,398,923	42,350,737	26,990,159
Income from operations	5,969,662	7,238,949	16,098,822	19,640,396
Other income (expense):
Interest expense, net	(864,482)	(135,168)	(2,702,504)	(301,868)
Other income, net	157,453	130,147	511,831	387,787
Total other income (expense)	(707,029)	(5,021)	(2,190,673)	85,919
Income before provision for income taxes	5,262,633	7,233,928	13,908,149	19,726,315
Provision for income taxes (note 8)	1,823,367	2,492,649	2,780,908	6,476,012
Net income before redeemable non-controlling interest	3,439,266	4,741,279	11,127,241	13,250,303
Redeemable non-controlling interest (note 4 (a))	(68,635)	(254,101)	(311,693)	(698,583)
Net income attributable to redeemable non-controlling interest	68,635	254,101	311,693	698,583
Net income for the period	3,439,266	4,741,279	11,127,241	13,250,303
Other comprehensive income (loss), net of tax
Unrealized income (loss) on hedging activities (note 5)	309,445	(58,821)	638,442	516,406
Net amount reclassified to earnings (note 5)	(317,516)	131,912	(415,561)	546,836
Other comprehensive income (loss) net of tax of $(4,591) and $41,580 for the three months ended September 30, 2017 and September 30, 2016, and $126,791 and $585,943 for the nine months ended September 30, 2017 and September 30, 2016 (note 5)	(8,071)	73,091	222,881	1,063,242
Comprehensive income for the period	$ 3,431,195	$ 4,814,370	$ 11,350,122	$ 14,313,545
Basic earnings per common share (note 9) (in dollars per share)	$ 0.33	$ 0.45	$ 1.06	$ 1.26
Shares used in computing basic earnings per common share (note 9) (in shares)	10,564,311	10,432,763	10,522,841	10,549,056
Diluted earnings per common share (note 9) (in dollars per share)	$ 0.32	$ 0.45	$ 1.03	$ 1.23
Shares used in computing diluted earnings per common share (note 9) (in shares)	10,785,342	10,619,005	10,785,050	10,736,775

Consolidated Statements of Ope5

Consolidated Statements of Operations and Comprehensive Income (Unaudited) (Parentheticals) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Other comprehensive income (loss), tax	$ (4,591)	$ 41,580	$ 126,791	$ 585,943

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Operating activities:
Net income for the period	$ 3,439,266	$ 4,741,279	$ 11,127,241	$ 13,250,303
Items not involving cash:
Depreciation of property and equipment	978,079	457,433	2,614,065	1,305,296
Loss on write off of property and equipment	8,157		16,951
Amortization of debt discount and issuance costs	56,559	8,298	203,871	8,298
Amortization of intangible assets	2,244,955	292,547	6,069,817	649,526
Impairment of indefinite life intangible asset	1,500	2,866	1,500	27,745
Deferred income taxes	(1,445,241)	926,733	(3,010,795)	1,630,076
Excess tax benefits on share-based compensation expense	(443,718)	268,565	(2,614,804)	714,764
Amortization of deferred rent	63	13,783	5,547	30,447
Loss on disposal of domain names	7,896	4,760	24,661	25,581
Other income	(128,820)	(128,820)	(386,460)	(386,460)
Loss (gain) on change in the fair value of forward contracts	1,053	(20,114)	(37,103)	(292,133)
Stock-based compensation	202,902	195,439	833,987	585,854
Change in non-cash operating working capital:
Accounts receivable	533,900	(1,623,719)	(330,070)	(4,435,250)
Inventory	(642,738)	(217,741)	(1,738,383)	(598,658)
Prepaid expenses and deposits	201,757	419,939	(2,169,319)	(939,935)
Prepaid domain name registry and ancillary services fees	3,083,506	(1,271,948)	570,338	(5,170,911)
Income taxes recoverable	2,225,254	363,244	1,815,420	1,553,524
Accounts payable	(643,327)	681,303	(4,681,314)	(1,993)
Accrued liabilities	981,046	(581,495)	994,402	(1,429,069)
Customer deposits	(1,904,666)	(943,579)	1,163,305	90,970
Deferred revenue	(1,424,673)	1,666,291	7,543,013	6,772,663
Accreditation fees payable	(50,302)	14,059	(199,832)	51,215
Net cash provided by operating activities	7,282,408	5,269,123	17,816,038	13,441,853
Financing activities:
Proceeds received on exercise of stock options	68,065	48,376	172,903	107,672
Payment of tax obligations resulting from net exercise of stock options	(116,956)	(76,537)	(1,438,497)	(318,770)
Repurchase of common stock				(7,180,257)
Proceeds received on loan payable		10,989,583	86,998,000	16,989,583
Repayment of loan payable	(4,572,640)	(9,062,500)	(15,403,380)	(9,500,000)
Payment of loan payable costs	(16,463)	(383,463)	(620,217)	(516,963)
Net cash provided by (used in) financing activities	(4,637,994)	1,515,459	69,708,809	(418,735)
Investing activities:
Additions to property and equipment	(2,859,036)	(2,091,368)	(9,461,105)	(3,923,105)
Acquisition of a portion of the minority interest in Ting Virginia, LLC (note 4(a))			(2,000,000)
Acquisition of Enom Incorporated, net of cash (note 4(b))			(76,237,460)
Acquisition of intangible assets	(2,384,298)	(74,400)	(2,384,298)	(6,324,970)
Net cash used in investing activities	(5,243,334)	(2,165,768)	(90,082,863)	(10,248,075)
Increase (decrease) in cash and cash equivalents	(2,598,920)	4,618,814	(2,558,016)	2,775,043
Cash and cash equivalents, beginning of period	15,145,979	5,879,482	15,105,075	7,723,253
Cash and cash equivalents, end of period	12,547,059	10,498,296	12,547,059	10,498,296
Supplemental cash flow information:
Interest paid	869,749	93,560	2,717,378	260,506
Income taxes paid, net	1,307,727	927,826	6,313,308	2,507,699
Supplementary disclosure of non-cash investing and financing activities:
Property and equipment acquired during the period not yet paid for	$ 186,418	$ 89,860	$ 186,418	$ 89,860

Note 1 - Organization of the Co

Note 1 - Organization of the Company	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. 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 Network Access Services and Domain Services. Our Network Access Services includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services, with mobile and high-speed Internet operating primarily under our Ting and Roam brands. Our Domain services include wholesale and retail domain name registration services, value added services and portfolio services derived through our OpenSRS, eNom, Hover and YummyNames brands. Our principal executive office is located in Toronto, Ontario and we have other offices in 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”. On January 20, 2017, completed the purchase of all of the issued and outstanding capital stock of eNom, Incorporated (“eNom”) from Rightside Group. Ltd, a domain name registrar business. See note 4

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Basis of Accounting [Text Block]	2. 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, 2017 September 30, 2017 2016. 10 not may The accompanying unaudited interim consolidated financial statements have been prepared by Tucows in accordance with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures 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, 2016 2016 10 March 8, 2017. no nine September 30, 2017 10 December 31, 2016, No. 2016 09, Stock Compensation (Topic 718 3

Note 3 - Recent Accounting Pron

Note 3 - Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	3. Recent Accounting Pronouncements Adopted On January 1, 201 7, No. 2016 05, Derivatives and Hedging (Topic 815 2015 16, Simplifying the Accounting for Measurement-Period Adjustments. not In January 2017, No. 2017 04, Intangibles – Goodwill and Other (Topic 350 2017 01” two second one not December 31, 2017. On January 1, 2017, No. 2016 09, Stock Compensation (Topic 718 2016 09 ● Accounting for Income Taxes the standard requires that all excess tax benefits and tax deficiencies related to employee share-based payments are recognized through income tax expense on a prospective basis, which resulted in the recognition of $0.4 $2.6 three nine ended September 30, 2017, ● Cash Flow Classification – as a result of the new standard, all excess tax benefits related to employee share based payments which have been historically shown as a financing activity, should now be presented as an operating activity along with other income tax cash flows. Additionally, the standard requires that cash paid by an employer when directly withholding shares for tax-withholding purposes should be classified as a financing activity. The Company elected to apply both changes on a retrospective basis such that the comparative period is presented on a consistent basis as the current presentation; and ● Forfeitures – the standard allows for an entity-wide accounting policy election to either estimate the number of awards that are not not 2016 09 March 31, 2017, Recent Accounting Pronouncements Not In January 2017, No. 2017 01, Business Combinations (Topic 805 2017 01" not not first second December 15, 2017. 2017 01 In May 2014, FASB issued ASU No. 2014 09, 606 2014 09" five 1 2 3 4 5 December 15, 2017 January 1, 2018 not In August 2017, No. 2017 12, Derivatives and Hedging (Topic 815 2017 12” December 15, 2018. 2017 12 In February 2016, e FASB issued ASU No. 2016 02, Leases (Topic 842 2016 02 December 15, 2018 ( January 1, 2019 first 2019 2016 02

Note 4 - Acquisitions

Note 4 - Acquisitions	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Business Combination Disclosure [Text Block]	4 . Acquisitions: (a) Blue Ridge Websoft On February 27, 2015, one ’s wholly owned subsidiaries, acquired a 70% $3.5 On February 1, 2017, 20% Minority Shareholders”) for consideration of $2.0 $2.0 not 10% fourth February 27, 2019), $120,000 September 30, 2017, $1.1 $1.2 February 27, 2019. (b) eN om, Incorporated On January 20, 2017, (the “Purchase Agreement”) with its indirect wholly owned subsidiary, Tucows (Emerald), LLC, Rightside Group, Ltd., and Rightside Operating Co., pursuant to which Tucows (Emerald), LLC purchased from Rightside Operating Co. all of the issued and outstanding capital stock of eNom, Incorporated, a domain name registrar business. The acquisition provides Tucows additional scale and efficiency opportunities across its domain registrar operations. The purchase price was $77.8 $83.5 $5.7 2017 7 On June 13, 2017, ghtside Group, Ltd. And Rightside Operating Co., to amend certain provisions in the Purchase Agreement. Pursuant to the Amendment, the definition of “Escrow Triggering Event” was revised to remove a change in control of the Company and the definition of “Minimum Cash Amount” was revised to mean $5.35 June 13, 2017 April 20, 2018, zero The Company has prepared a preliminary purchase price allocation of the assets acquired and the liabilities assumed of eNom based on management ’s best estimates of fair value. The final purchase price allocation may The preliminary purchase price allocation is pending the finalization of the fair value of taxation-related balances and for potential adjustments to assets and liabilities. We expect to finalize this determination on or before December 31, 2017. The following table shows the preliminary allocation of the purchase price for eNom to the acquired identifiable assets and liabilities assumed: Goodwill $ 66,481,100 Cash 1,594,217 Brand 12,400,000 Developed technology 3,900,000 Customer relationships 28,000,000 Prepaid domain registry fees 70,643,994 Other assets 10,170,789 Total assets 193,190,100 Deferred Revenue (77,798,994 ) Deferred Tax Liabilities (21,893,346 ) Other liabilities (15,666,083 ) Total liabilities (115,358,423 ) Preliminary consideration paid $ 77,831,677 As required by ASC 805, The good will related to this acquisition is primarily attributable to synergies expected to arise from the acquisition and is not In connection with this acquisition, the C ompany incurred total acquisition related costs of $0.8 $0.3 included in General & Administrative expenses in the Consolidated Statements of Operations for the nine September 30, 2017. The following table presents selected unaudited pro forma information for the Company assuming the acquisition of eNom had occurred as of January 1, 2016. not ’s actual results would have been if the acquisition had occurred as of the date indicated or what results would be for any future periods. Unaudited Unaudited Three months ended Sep 30, Nine months ended Sep 30, 2016 2017 2016 Net revenues $ 86,303,327 $ 243,262,069 $ 252,531,557 Net income 1,760,528 10,755,068 2,776,074 Basic earnings per common share 0.17 1.03 0.27 Diluted earnings per common share $ 0.17 $ 1.00 $ 0.27

Note 5 - Derivative Instruments

Note 5 - Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	5 . Derivative instruments and hedging activities: Foreign currency forward contracts In October 2012, , Canadian taxes 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 one eighteen The Company has designated certain of these transactions as cash flow hedges of forecasted transactions. For certain contracts, as the critical terms of the hedging instrument and the entire hedged forecasted transaction are the same in accordance with ASC Topic 815, of the contracts, as of September 30, 2017, As of September 30, 2017, $6.9 $6.2 December 31, 2016 - $26.6 $24.0 As of September 30, 2017, Maturity date Notional amount of U.S. dollars Weighted average exchange rate of U.S. dollars Fair value October - December 2017 6,859,570 1.3478 559,663 $ 6,859,570 1.3478 $ 559,663 Fair value of derivative instruments and effect of derivative instruments on financial performance The effect of these derivative instruments on our consolidated financial stat ements were as follows (amounts presented do not Fair value of derivative instruments in the consolidated balance sheets As of September 30 , 2017 As of December 31, 2016 Derivatives Balance Sheet Location Fair Value Asset (Liability) Fair Value Asset (Liability) Foreign currency forward contracts designated as cash flow hedges Derivative instruments $ 505,232 $ 155,560 Foreign currency forward contracts not designated as cash flow hedges Derivative instruments $ 54,431 $ 17,823 Total foreign currency forward contracts Derivative instruments $ 559,663 $ 172,888 Movement in Accumulated Other Comprehensive Income ("AOCI") balance for the three months ended September 30, 2017 : Gains and losses on cash flow hedges Tax impact Total AOCI Opening AOCI balance – June 30, 2017 $ 517,894 $ (187,788 ) $ 330,106 Other comprehensive income (loss) before reclassifications 485,480 (176,035 ) 309,445 Amount reclassified from accumulated other comprehensive income (498,142 ) 180,626 (317,516 ) Other comprehensive income (loss) for the three months ended September 30, 2017 (12,662 ) 4,591 (8,071 ) Ending AOCI balance – September 30, 2017 $ 505,232 $ (183,197 ) $ 322,035 Movement in Accumulated Other Comprehensive Income ("AOCI") balance for the nine months ended September 30 , 2017: Gains and losses on cash flow hedges Tax impact Total AOCI Opening AOCI balance – December 31, 2016 $ 155,560 $ (56,406 ) $ 99,154 Other comprehensive income (loss) before reclassifications 1,001,634 (363,192 ) 638,442 Amount reclassified from accumulated other comprehensive income (651,962 ) 236,401 (415,561 ) Other comprehensive income (loss) for the nine months ended September 30, 2017 349,672 (126,791 ) 222,881 Ending AOCI balance – September 30, 2017 $ 505,232 $ (183,197 ) $ 322,035 Effects of derivative instruments on income and other comprehensive income (OCI) for the three September 30, 2017 September 30, 2016 Derivatives in Cash Flow Hedging Relationship Amount of Gain or (Loss) Recognized in OCI, net of tax, 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) Operating expenses $ 432,021 Operating expenses $ — Foreign currency forward contracts for the three months ended September 30, 2017 $ (8,071 ) Cost of revenues $ 66,121 Cost of revenues — Operating expenses $ (156,743 ) Operating expenses $ — Foreign currency forward contracts for the three months ended September 30, 2016 $ 73,091 Cost of revenues $ (50,210 ) Cost of revenues — Effects of derivative instruments on income and other comprehensive income (OCI) for the nine months ended September 30, 2017 and September 30, 2016 are as follows: Derivatives in Cash Flow Hedging Relationship Amount of Gain or (Loss) Recognized in OCI, net of tax, 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) Operating expenses $ 560,971 Operating expenses $ — Foreign currency forward contracts for the nine months ended September 30, 2017 $ 222,881 Cost of revenues $ 90,991 Cost of revenues — Operating expenses $ (617,572 ) Operating expenses $ (47,242 ) Foreign currency forward contracts for the nine months ended September 30, 2016 $ 1,063,242 Cost of revenues $ (193,102 ) Cost of revenues — In addition to the above, for those foreign currency forward contracts not $55,128 $1,053 three ed September 30, 2017, $39,401 $20,113 not three September 30, 2016, The Company has recorded a gain of $78,173 $37,103 for the change in fair value of outstanding contracts for the nine September 30, 2017, $0.1 $0.3 not nine September 30, 2016,

Note 6 - Goodwill and Other Int

Note 6 - Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	6 . Goodwill and Other Intangible Assets: Goodwill Goodwill represents the excess of the purchase price over the fair value of tangible and identifiable intangible assets acquired and liabilities assumed in our acquisitions. The Company's Goodwill balance is $87.5 September 30, 2017, $66.5 December 31, 2016, 4 98% $85.4 2% $2.1 Goodwill is not evaluation annually, or more frequently if impairment indicators are present. Other Intangible Assets: Intangible assets consist of network rights, brand, customer relationships, surname domain names and our portfolio of domain names. As reflected in the table below, these balances are being amortized on a straight-line basis over the estimated useful life of the intangible assets, except for the surname domain names and direct navigation domain names, which have been determined to have an indefinite life and which are evaluated at least annually for impairment. 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 not three nine September 30, 2017, $ 1,500 not $2,866 $27,745 not three nine September 30, 2016, On January 20, 2017, The Company acquired the assets and liabilities of eNom including wholesale and retail brands, proprietary technology and the existing customer relationships. The Company has accounted for these on a fair value basis and each intangible asset is being amortized over the estimated useful life. The amortization for the brands, technology and customer relationships are 7, 2 7 4 On September 19, 2017, $2.3 $1.4 omer relationships and are being amortized on a straight line basis over a period of 7 years. A summary of acquired intangible assets for the three September 30, 2017 Surname domain names Direct navigation domain names Brand Customer relationships Technology Network rights Total Amortization period indefinite life indefinite life 7 years 4 - 7 years 2 years 15 years Balances June 30, 2017 $ 11,291,003 $ 1,856,542 $ 11,693,810 $ 31,919,024 $ 3,087,500 $ 584,288 $ 60,432,167 Acquisition of consumer related assets of Otono Networks, Inc. - - - 2,294,111 - - 2,294,111 Acquisition of customer relationships - - - 90,187 - - 90,187 Additions to/(disposals from) domain portfolio, net (1,623 ) (7,774 ) - - - - (9,397 ) Amortization expense - - (450,510 ) (1,295,413 ) (487,500 ) (11,532 ) (2,244,955 ) Balances September 30, 2017 $ 11,289,380 $ 1,848,768 $ 11,243,300 $ 33,007,909 $ 2,600,000 $ 572,756 $ 60,562,113 A summary of acquired intangible assets for the nine September 30, 2017 Surname domain names Direct navigation domain names Brand Customer relationships Technology Network rights Total Amortization period indefinite life indefinite life 7 years 4 - 7 years 2 years 15 years Balances December 31, 2016 $ 11,295,221 $ 1,869,088 $ 5,210 $ 6,198,811 $ - $ 605,463 $ 19,973,793 Reclassifications - - 43,620 (45,509 ) - 1,889 - Acquisition of Enom (note 4(b)) - - 12,400,000 28,000,000 3,900,000 - 44,300,000 Acquisition of consumer related assets of Otono Networks, Inc. - - - 2,294,111 - - 2,294,111 Acquisition of customer relationships - - - 90,187 - - 90,187 Additions to/(disposals from) domain portfolio, net (5,841 ) (20,320 ) - - - - (26,161 ) Amortization expense - - (1,205,530 ) (3,529,691 ) (1,300,000 ) (34,596 ) (6,069,817 ) Balances September 30, 2017 $ 11,289,380 $ 1,848,768 $ 11,243,300 $ 33,007,909 $ 2,600,000 $ 572,756 $ 60,562,113 The following table shows the estimated amortization expense in future periods, assuming no Year ending December 31, Remainder of 2017 $ 2,168,927 2018 9,166,244 2019 7,255,196 2020 7,092,696 2021 7,092,696 Thereafter 14,648,206 Total $ 47,423,965 As of September 30, 2017, $13.0

Note 7 - Loan Payable

Note 7 - Loan Payable	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	7 . Loan payable: 2017 On January 20, 2017, and restated secured Credit Agreement (the “2017 $140 2016 $40.0 $35.5 $84.5 (the “Facility D”). The Company immediately drew down $84.5 4 “2016 established under the Company’s secured credit agreement (the “2016 August 18, 2016. In connection with the 2017 Company incurred $0.6 The obligation s of the Company under the 2017 first The 2017 Credit Facility has a four 2017 $140 ● a $5 ● a $15 erm facility (“Facility B”); ● a $ 35.5 ● a $ 84.5 Borrowings under the 201 7 The repayment terms for Facility A require monthly interest payments with any final principal payment becoming due upon maturity of the 2017 December 31st first first four five seven 2017 2.25:1 December 31 50% The 2017 covenants, and events of default. The 2017 four 3.00:1 September 30, 2017, 2.50:1 September 30, 2018 2.25:1 1.20:1. $32.8 not $20 $40 not 1.5 twelve September 30, 2017, On June 6, 2017, the Company entered into the First Amendment to First Amended and Restated Credit Agreement (the “First Amendment”) with BMO and the Lenders. Among other things, the First Amendment (i) increases the amount available for borrowing under “Facility C,” a committed, non-revolving credit facility by $502,500, not Borrowings under the 2017 Credit Facility will accrue interest and standby fees based on the Company’s Total Funded Debt to EBITDA ratio and the availment type as follows: If Total Funded Debt to EBITDA is: Availment type or fee Less than 1.00 Greater than or equal to 1.00 and less than 2.00 Greater than or equal to 2.00 and less than 2.25 Greater than or equal to 2.25 Canadian dollar borrowings based on Bankers ’ Acceptance or U.S. dollar borrowings based on LIBOR (Margin) 2.00 % 2.25 % 2.75 % 3.25 % Canadian or U.S. dollar borrowings based on Prime Rate or U.S. dollar borrowings based on Base Rate (Margin) 0.75 % 1.00 % 1.50 % 2.00 % Standby fees 0.40 % 0.45 % 0.55 % 0.65 % The following table summarizes the Company ’s borrowings under the 2017 September 30, 2017: September 30, 2017 December 31, 2016 Facility B $ - $ 6,000,000 Facility C 6,277,902 4,731,306 Facility D 76,048,200 - Less: unamortized debt discount and issuance costs (899,020 ) (482,498 ) Total loan payable 81,427,082 10,248,808 Less: loan payable, current portion 18,289,853 2,233,110 Loan payable, long-term portion $ 63,137,229 $ 8,015,698 The following table summarizes our scheduled principal repayments as of September 30, 2017: Principal repayments Remainder of 2017 $ 4,572,463 2018 18,289,853 2019 18,289,853 2020 18,103,004 2021 17,542,457 Thereafter 5,528,472 $ 82,326,102 Other Credit Facilities Prior to the Company entering into the 2016 November 19, 2012, two “2012 2016 2012 2012 2016 The treasury risk management facility under the Amended Credit Facility provides for a $3.5 may not 18 September 30, 2017, $6.9 5 During the third 2017, $1.0 CDN$0.5

Note 8 - Income Taxes

Note 8 - Income Taxes	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8 . Income taxes For the three September 30, 2017, $1.8 million on income before income taxes of $5.3 December 31, 2017 ( 2017” $0.4 2016 09, . Comparatively, for the three September 30, 2016, $2.5 $7.2 2016 For the nine ded September 30, 2017, $2.8 $13.9 2017 $2.6 2016 09, . Comparatively, for the nine September 30, 2016, $6.5 $19.7 2016 In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not not On January 20, 2017, and as part of the acquisition, the Company assumed $21.9 4 The Company follows the provisions of FASB ASC Topic 740, two The Company had nil September 30, 2017 $0.1 December 31, 2016. nine September 30, 2017, The Company recognizes accrued interest and penalties related to income taxes in income tax expense. The Company did not September 30, 2017 December 31, 2016,

Note 9 - Basic and Diluted Earn

Note 9 - Basic and Diluted Earnings Per Common Share	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	9 . 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 share 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, 2017 2016 2017 2016 Numerator for basic and diluted earnings per common share: Net income for the period $ 3,439,266 $ 4,741,279 $ 11,127,241 $ 13,250,303 Denominator for basic and diluted earnings per common share: Basic weighted average number of common shares outstanding 10,564,311 10,432,763 10,522,841 10,549,056 Effect of outstanding stock options 221,031 186,242 262,209 187,719 Diluted weighted average number of shares outstanding 10,785,342 10,619,005 10,785,050 10,736,775 Basic earnings per common share $ 0.33 $ 0.45 $ 1.06 $ 1.26 Diluted earnings per common share $ 0.32 $ 0.45 $ 1.03 $ 1.23 For the three September 30, 2017, 345,200 not three September 30, 2016 – 76,750 For the nine September 30, 2017, 349,700 not ( nine September 30, 2016 – 95,950 During the three nine September 30, 2017, no March 2017. During the three September 30, 2016, no nine September 30, 2016, 308,416 February 2016. The computation of earnings per share and diluted earnings per share for the three nine September 30, 2017 2016

Note 10 - Segment Reporting

Note 10 - Segment Reporting	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	1 0 . Segment reporting: (a) We are organized and managed based on two 1. Network Access Services - This segment derives revenue from the sale of mobile phones, telephony services, high speed Internet access, Internet hosting and consulting services to individuals and small businesses primarily through the Ting website. 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 and the United States. 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 profit 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, amortization of intangibles assets, impairment of indefinite life intangible assets, loss on currency forward contracts, other income (expense), and provision for income taxes, are organized along functional lines and are not not significant accounting policies and estimates for the segments as described in our Annual Report on Form 10 December 31, 2016. Information by operating segments, which is regularly reported to the chief operating decision maker is as follows: Network Access Domain Name Services Consolidated Totals Three months ended September 30, 2017 Net Revenues $ 22,993,034 $ 62,015,450 $ 85,008,484 Cost of revenues Cost of revenues 13,310,922 47,755,839 61,066,761 Network expenses 446,126 2,014,570 2,460,696 Depreciation of property and equipment 578,257 245,184 823,441 Amortization of intangible assets 11,532 487,500 499,032 Total cost of revenues 14,346,837 50,503,093 64,849,930 Gross Profit 8,646,197 11,512,357 20,158,554 Expenses: Sales and marketing 7,578,414 Technical operations and development 1,910,147 General and administrative 2,852,345 Depreciation of property and equipment 154,638 Amortization of intangible assets 1,745,923 Impairment of indefinite life intangible assets 1,500 Loss (gain) on currency forward contracts (54,075 ) Income from operations 5,969,662 Other income (expenses), net (707,029 ) Income before provision for income taxes $ 5,262,633 Network Access Domain Name Services Consolidated Totals Three months ended September 30, 2016 Net Revenues $ 19,253,063 $ 29,811,264 $ 49,064,327 Cost of revenues Cost of revenues 9,589,183 21,257,485 30,846,668 Network expenses 507,128 780,492 1,287,620 Depreciation of property and equipment 258,042 20,704 278,746 Amortization of intangible assets 13,421 - 13,421 Total cost of revenues 10,367,774 22,058,681 32,426,455 Gross Profit 8,885,289 7,752,583 16,637,872 Expenses: Sales and marketing 5,479,445 Technical operations and development 1,270,107 General and administrative 2,166,217 Depreciation of property and equipment 178,687 Amortization of intangible assets 279,126 Impairment of indefinite life intangible assets 2,866 Loss (gain) on currency forward contracts 22,475 Income from operations 7,238,949 Other income (expenses), net (5,021 ) Income before provision for income taxes $ 7,233,928 Network Access Domain Name Services Consolidated Totals Nine months ended September 30, 2017 Net Revenues $ 63,559,792 $ 175,240,055 $ 238,799,847 Cost of revenues Cost of revenues 35,389,553 134,433,264 169,822,817 Network expenses 1,397,832 5,666,626 7,064,458 Depreciation of property and equipment 1,494,299 634,118 2,128,417 Amortization of intangible assets 34,596 1,300,000 1,334,596 Total cost of revenues 38,316,280 142,034,008 180,350,288 Gross Profit 25,243,512 33,206,047 58,449,559 Expenses: Sales and marketing 22,244,961 Technical operations and development 5,402,385 General and administrative 9,596,298 Depreciation of property and equipment 485,648 Amortization of intangible assets 4,735,221 Impairment of indefinite life intangible assets 1,500 Loss (gain) on currency forward contracts (115,276 ) Income from operations 16,098,822 Other income (expenses), net (2,190,673 ) Income before provision for income taxes $ 13,908,149 Network Access Domain Name Services Consolidated Totals Nine months ended September 30, 2016 Net Revenues $ 55,020,436 $ 85,993,893 $ 141,014,329 Cost of revenues Cost of revenues 28,386,395 61,059,098 89,445,493 Network expenses 941,451 2,983,926 3,925,377 Depreciation of property and equipment 655,104 321,315 976,419 Amortization of intangible assets 36,485 - 36,485 Total cost of revenues 30,019,435 64,364,339 94,383,774 Gross Profit 25,001,001 21,629,554 46,630,555 Expenses: Sales and marketing 15,174,619 Technical operations and development 3,445,118 General and administrative 7,497,752 Depreciation of property and equipment 328,877 Amortization of intangible assets 613,041 Impairment of indefinite life intangible assets 27,745 Loss (gain) on currency forward contracts (96,993 ) Income from operations 19,640,396 Other income (expenses), net 85,919 Income before provision for income taxes $ 19,726,315 (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, 2017 2016 2017 2016 Network Access Services: Mobile Services $ 21,748,809 $ 18,374,906 $ 60,090,266 $ 52,287,808 Other Services 1,244,225 878,157 3,469,526 2,732,628 Total Network Access Services 22,993,034 19,253,063 63,559,792 55,020,436 Domain Services: Wholesale Domain Services 47,769,779 22,955,731 135,411,688 65,879,375 Value Added Services 4,401,704 2,226,977 14,034,456 6,834,086 Total Wholesale 52,171,483 25,182,708 149,446,144 72,713,461 Retail 8,872,984 3,721,032 22,937,606 10,747,456 Portfolio 970,983 907,524 2,856,305 2,532,976 Total Domain Services 62,015,450 29,811,264 175,240,055 85,993,893 $ 85,008,484 $ 49,064,327 $ 238,799,847 $ 141,014,329 During the three nine September 30, 2017 2016, no 10% September 30, 2017 December 31, 2016, no 10% (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, 2017 2016 2017 2016 Network Access Services: Mobile Services $ 12,365,383 $ 9,087,274 $ 32,634,348 $ 27,026,242 Other Services 945,539 501,909 2,755,205 1,360,153 Total Network Access Services 13,310,922 9,589,183 35,389,553 28,386,395 Domain Services: Wholesale Domain Services 42,294,131 18,934,555 119,206,649 54,215,215 Value Added Services 671,291 463,369 1,823,711 1,401,821 Total Wholesale 42,965,422 19,397,924 121,030,360 55,617,036 Retail 4,610,745 1,727,867 12,775,941 4,968,659 Portfolio 179,672 131,694 626,963 473,403 Total Domain Services 47,755,839 21,257,485 134,433,264 61,059,098 Network Expenses: Network, other costs 2,460,696 1,287,620 7,064,458 3,925,377 Network, depreciation and amortization costs 1,322,473 292,167 3,463,013 1,012,904 3,783,169 1,579,787 10,527,471 4,938,281 $ 64,849,930 $ 32,426,455 $ 180,350,288 $ 94,383,774 (d) The following is a summary of the Company’s property and equipment by geographic region: September 30, 2017 December 31, 2016 Canada $ 1,169,409 $ 1,010,427 United States 21,036,074 12,398,961 Germany 27,387 41,050 $ 22,232,870 $ 13,450,438 (e) The following is a summary of the Company’s amortizable intangible assets by geographic region: September 30, 2017 December 31, 2016 Canada $ 7,522,264 $ 5,850,596 United States 39,730,601 633,798 Germany 171,100 325,090 $ 47,423,965 $ 6,809,484 (f) The following is a summary of the Company’s deferred tax asset by geographic region: September 30, 2017 December 31, 2016 Canada $ - $ 5,708,725 $ - $ 5,708,725 (g) Valuation and qualifying accounts: Allowance for doubtful accounts excluding provision for credit notes Balance at beginning of period Charged to (recovered) costs and expenses Write-offs during period Balance at end of period Nine months ended September 30, 2017 $ 164,145 $ 3,741 $ - $ 167,886 Year ended December 31, 2016 $ 122,095 $ 42,050 $ - $ 164,145

Note 11 - Commitments and Conti

Note 11 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	1 1 . 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, 2017 not

Note 12 - Stockholders' Equity

Note 12 - Stockholders' Equity	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	1 2 . Stockholders’ Equity: The fo llowing unaudited table summarizes stockholders' equity transactions for the three September 30, 2017: Accumulated Additional Retained other Total Common stock paid in earnings comprehensive stockholders' Number Amount capital (deficit) income (loss) equity Balances, June 30, 2017 10,552,401 $ 15,125,326 $ 1,607,476 $ 28,062,438 $ 330,106 $ 45,125,346 Exercise of stock options 30,051 159,307 (91,241 ) - - 68,066 Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration (4,903 ) (116,956 ) - - (116,956 ) Stock-based compensation (note 13) - - 202,902 - - 202,902 Net income - - - 3,439,266 - 3,439,266 Accretion of redeemable non-controlling interest in Ting Virginia, LLC. - - - (12,600 ) - (12,600 ) Other comprehensive income (loss) - - - - (8,071 ) (8,071 ) Balances, September 30, 2017 10,577,549 $ 15,284,633 $ 1,602,181 $ 31,489,104 $ 322,035 $ 48,697,953 The following unaudited table summarizes stockholders' equity transactions for the nine September 30, 2017: Accumulated Additional Retained other Total Common stock paid in earnings comprehensive stockholders' Number Amount capital (deficit) income (loss) equity Balances, December 31, 2016 10,461,574 $ 14,460,500 $ 2,857,921 $ 20,399,511 $ 99,154 $ 37,817,086 Exercise of stock options 165,673 824,133 (651,230 ) - - 172,903 Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration (49,698 ) - (1,438,497 ) - - (1,438,497 ) Stock-based compensation (note 13) - - 833,987 - - 833,987 Net income - - - 11,127,241 - 11,127,241 Accretion of redeemable non-controlling interest in Ting Virginia, LLC. - - - (37,648 ) - (37,648 ) Other comprehensive income (loss) - - - - 222,881 222,881 Balances, September 30, 2017 10,577,549 $ 15,284,633 $ 1,602,181 $ 31,489,104 $ 322,035 $ 48,697,953 On March 1, 2017, $40 March 1, 2017 February 28, 2018. three nine September 30, 2017, not On February 9, 2016, $40 February 10, 2016 February 9, 2017. The Company repurchased 308,416 nine September 30, 2016 $7.2 On February 11, 2015, $20 ced on February 16, 2015 February 9, 2016. not nine September 30, 2016.

Note 13 - Share-based Payments

Note 13 - Share-based Payments	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	1 3 . 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 September 30, 2017 September 30, 2016 Three months ended September 30, Three months ended September 30, 2017 2016 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period 363,608 $ 16.79 502,590 $ 11.30 Granted 327,150 55.49 18,750 27.53 Exercised (30,051 ) 6.67 (31,065 ) 38.00 Forfeited (1,050 ) 51.87 - - Expired - - - - Outstanding, end of period 659,657 36.39 490,275 12.39 Options exercisable, end of period 223,043 $ 14.30 306,553 $ 9.16 Details of stock option transactions for the nine September 30, 2017 September 30, 2016 Nine months ended September 30, Nine months ended September 30, 2017 2016 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period 474,501 $ 12.67 513,366 $ 9.24 Granted 360,025 54.13 81,750 22.66 Exercised (165,673 ) 7.79 (94,602 ) 3.75 Forfeited (9,196 ) 22.08 (9,489 ) 17.23 Expired - - (750 ) 3.76 Outstanding, end of period 659,657 36.39 490,275 12.39 Options exercisable, end of period 223,043 $ 14.30 306,553 $ 9.16 As of September 30, 2017, Options outstanding Options exercisable Exercise price Number outstanding Weighted average exercise price per share Weighted average remaining contractual life (years) Aggregate intrinsic value Number exercisable Weighted average exercise price per share Weighted average remaining contractual life (years) Aggregate intrinsic value $ 2.92 - $ 8.92 96,644 $ 6.72 1.9 $ 5,008,805 96,644 $ 6.72 1.9 $ 5,008,805 $10.16 - $19.95 122,938 16.29 3.7 5,195,152 76,399 15.99 3.5 3,251,248 $21.10 - $27.53 81,000 23.65 4.4 2,826,893 45,000 25.39 3.7 1,492,313 $35.25 - $37.35 14,375 35.89 5.7 325,750 5,000 35.25 6.2 116,500 $43.15 - $47.00 18,500 44.19 6.3 265,650 - - - - $53.55 - $55.65 326,200 55.49 6.7 998,480 - - - - 659,657 $ 36.39 5.1 $ 14,620,730 223,043 $ 14.30 2.9 $ 9,868,866 Total unrecognized compensation cost relating to unvested stock options at September 30, 2017 $7.0 3.1 The Company recorded stock-based compensation of $0.2 $0.8 three nine September 30, 2017 $0.2 $0.6 three nine September 30, 2016, The Company has not

Note 14 - Fair Value Measuremen

Note 14 - Fair Value Measurement	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	1 4 . Fair value measurement ASC Topic 820, Fair Value Measurements and Disclosures” three 1 2 3 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, 2017: September 30, 2017 Fair Value Measurement Using Assets (Liabilities) Level 1 Level 2 Level 3 at Fair value Derivative instrument asset $ - $ 559,663 $ - $ 559,663 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, 2016: December 31, 2016 Fair Value Measurement Using Assets (Liabilities) Level 1 Level 2 Level 3 at Fair value Derivative instrument asset $ - $ 172,888 $ - $ 172,888 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.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Adopted On January 1, 201 7, No. 2016 05, Derivatives and Hedging (Topic 815 2015 16, Simplifying the Accounting for Measurement-Period Adjustments. not In January 2017, No. 2017 04, Intangibles – Goodwill and Other (Topic 350 2017 01” two second one not December 31, 2017. On January 1, 2017, No. 2016 09, Stock Compensation (Topic 718 2016 09 ● Accounting for Income Taxes the standard requires that all excess tax benefits and tax deficiencies related to employee share-based payments are recognized through income tax expense on a prospective basis, which resulted in the recognition of $0.4 $2.6 three nine ended September 30, 2017, ● Cash Flow Classification – as a result of the new standard, all excess tax benefits related to employee share based payments which have been historically shown as a financing activity, should now be presented as an operating activity along with other income tax cash flows. Additionally, the standard requires that cash paid by an employer when directly withholding shares for tax-withholding purposes should be classified as a financing activity. The Company elected to apply both changes on a retrospective basis such that the comparative period is presented on a consistent basis as the current presentation; and ● Forfeitures – the standard allows for an entity-wide accounting policy election to either estimate the number of awards that are not not 2016 09 March 31, 2017, Recent Accounting Pronouncements Not In January 2017, No. 2017 01, Business Combinations (Topic 805 2017 01" not not first second December 15, 2017. 2017 01 In May 2014, FASB issued ASU No. 2014 09, 606 2014 09" five 1 2 3 4 5 December 15, 2017 January 1, 2018 not In August 2017, No. 2017 12, Derivatives and Hedging (Topic 815 2017 12” December 15, 2018. 2017 12 In February 2016, e FASB issued ASU No. 2016 02, Leases (Topic 842 2016 02 December 15, 2018 ( January 1, 2019 first 2019 2016 02

Note 4 - Acquisitions (Tables)

Note 4 - Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Goodwill $ 66,481,100 Cash 1,594,217 Brand 12,400,000 Developed technology 3,900,000 Customer relationships 28,000,000 Prepaid domain registry fees 70,643,994 Other assets 10,170,789 Total assets 193,190,100 Deferred Revenue (77,798,994 ) Deferred Tax Liabilities (21,893,346 ) Other liabilities (15,666,083 ) Total liabilities (115,358,423 ) Preliminary consideration paid $ 77,831,677
Business Acquisition, Pro Forma Information [Table Text Block]	Unaudited Unaudited Three months ended Sep 30, Nine months ended Sep 30, 2016 2017 2016 Net revenues $ 86,303,327 $ 243,262,069 $ 252,531,557 Net income 1,760,528 10,755,068 2,776,074 Basic earnings per common share 0.17 1.03 0.27 Diluted earnings per common share $ 0.17 $ 1.00 $ 0.27

Note 5 - Derivative Instrumen23

Note 5 - Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	Maturity date Notional amount of U.S. dollars Weighted average exchange rate of U.S. dollars Fair value October - December 2017 6,859,570 1.3478 559,663 $ 6,859,570 1.3478 $ 559,663
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	As of September 30 , 2017 As of December 31, 2016 Derivatives Balance Sheet Location Fair Value Asset (Liability) Fair Value Asset (Liability) Foreign currency forward contracts designated as cash flow hedges Derivative instruments $ 505,232 $ 155,560 Foreign currency forward contracts not designated as cash flow hedges Derivative instruments $ 54,431 $ 17,823 Total foreign currency forward contracts Derivative instruments $ 559,663 $ 172,888
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, 2017 $ 517,894 $ (187,788 ) $ 330,106 Other comprehensive income (loss) before reclassifications 485,480 (176,035 ) 309,445 Amount reclassified from accumulated other comprehensive income (498,142 ) 180,626 (317,516 ) Other comprehensive income (loss) for the three months ended September 30, 2017 (12,662 ) 4,591 (8,071 ) Ending AOCI balance – September 30, 2017 $ 505,232 $ (183,197 ) $ 322,035 Gains and losses on cash flow hedges Tax impact Total AOCI Opening AOCI balance – December 31, 2016 $ 155,560 $ (56,406 ) $ 99,154 Other comprehensive income (loss) before reclassifications 1,001,634 (363,192 ) 638,442 Amount reclassified from accumulated other comprehensive income (651,962 ) 236,401 (415,561 ) Other comprehensive income (loss) for the nine months ended September 30, 2017 349,672 (126,791 ) 222,881 Ending AOCI balance – September 30, 2017 $ 505,232 $ (183,197 ) $ 322,035
Derivative Instruments, Gain (Loss) [Table Text Block]	Derivatives in Cash Flow Hedging Relationship Amount of Gain or (Loss) Recognized in OCI, net of tax, 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) Operating expenses $ 432,021 Operating expenses $ — Foreign currency forward contracts for the three months ended September 30, 2017 $ (8,071 ) Cost of revenues $ 66,121 Cost of revenues — Operating expenses $ (156,743 ) Operating expenses $ — Foreign currency forward contracts for the three months ended September 30, 2016 $ 73,091 Cost of revenues $ (50,210 ) Cost of revenues — Derivatives in Cash Flow Hedging Relationship Amount of Gain or (Loss) Recognized in OCI, net of tax, 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) Operating expenses $ 560,971 Operating expenses $ — Foreign currency forward contracts for the nine months ended September 30, 2017 $ 222,881 Cost of revenues $ 90,991 Cost of revenues — Operating expenses $ (617,572 ) Operating expenses $ (47,242 ) Foreign currency forward contracts for the nine months ended September 30, 2016 $ 1,063,242 Cost of revenues $ (193,102 ) Cost of revenues —

Note 6 - Goodwill and Other I24

Note 6 - Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	Surname domain names Direct navigation domain names Brand Customer relationships Technology Network rights Total Amortization period indefinite life indefinite life 7 years 4 - 7 years 2 years 15 years Balances June 30, 2017 $ 11,291,003 $ 1,856,542 $ 11,693,810 $ 31,919,024 $ 3,087,500 $ 584,288 $ 60,432,167 Acquisition of consumer related assets of Otono Networks, Inc. - - - 2,294,111 - - 2,294,111 Acquisition of customer relationships - - - 90,187 - - 90,187 Additions to/(disposals from) domain portfolio, net (1,623 ) (7,774 ) - - - - (9,397 ) Amortization expense - - (450,510 ) (1,295,413 ) (487,500 ) (11,532 ) (2,244,955 ) Balances September 30, 2017 $ 11,289,380 $ 1,848,768 $ 11,243,300 $ 33,007,909 $ 2,600,000 $ 572,756 $ 60,562,113 Surname domain names Direct navigation domain names Brand Customer relationships Technology Network rights Total Amortization period indefinite life indefinite life 7 years 4 - 7 years 2 years 15 years Balances December 31, 2016 $ 11,295,221 $ 1,869,088 $ 5,210 $ 6,198,811 $ - $ 605,463 $ 19,973,793 Reclassifications - - 43,620 (45,509 ) - 1,889 - Acquisition of Enom (note 4(b)) - - 12,400,000 28,000,000 3,900,000 - 44,300,000 Acquisition of consumer related assets of Otono Networks, Inc. - - - 2,294,111 - - 2,294,111 Acquisition of customer relationships - - - 90,187 - - 90,187 Additions to/(disposals from) domain portfolio, net (5,841 ) (20,320 ) - - - - (26,161 ) Amortization expense - - (1,205,530 ) (3,529,691 ) (1,300,000 ) (34,596 ) (6,069,817 ) Balances September 30, 2017 $ 11,289,380 $ 1,848,768 $ 11,243,300 $ 33,007,909 $ 2,600,000 $ 572,756 $ 60,562,113
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Year ending December 31, Remainder of 2017 $ 2,168,927 2018 9,166,244 2019 7,255,196 2020 7,092,696 2021 7,092,696 Thereafter 14,648,206 Total $ 47,423,965

Note 7 - Loan Payable (Tables)

Note 7 - Loan Payable (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Standby Fees Based on Total Funded Debt to EBITDA Ratio [Table Text Block]	If Total Funded Debt to EBITDA is: Availment type or fee Less than 1.00 Greater than or equal to 1.00 and less than 2.00 Greater than or equal to 2.00 and less than 2.25 Greater than or equal to 2.25 Canadian dollar borrowings based on Bankers ’ Acceptance or U.S. dollar borrowings based on LIBOR (Margin) 2.00 % 2.25 % 2.75 % 3.25 % Canadian or U.S. dollar borrowings based on Prime Rate or U.S. dollar borrowings based on Base Rate (Margin) 0.75 % 1.00 % 1.50 % 2.00 % Standby fees 0.40 % 0.45 % 0.55 % 0.65 %
Schedule of Debt [Table Text Block]	September 30, 2017 December 31, 2016 Facility B $ - $ 6,000,000 Facility C 6,277,902 4,731,306 Facility D 76,048,200 - Less: unamortized debt discount and issuance costs (899,020 ) (482,498 ) Total loan payable 81,427,082 10,248,808 Less: loan payable, current portion 18,289,853 2,233,110 Loan payable, long-term portion $ 63,137,229 $ 8,015,698
Schedule of Maturities of Long-term Debt [Table Text Block]	Principal repayments Remainder of 2017 $ 4,572,463 2018 18,289,853 2019 18,289,853 2020 18,103,004 2021 17,542,457 Thereafter 5,528,472 $ 82,326,102

Note 9 - Basic and Diluted Ea26

Note 9 - Basic and Diluted Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2017 2016 2017 2016 Numerator for basic and diluted earnings per common share: Net income for the period $ 3,439,266 $ 4,741,279 $ 11,127,241 $ 13,250,303 Denominator for basic and diluted earnings per common share: Basic weighted average number of common shares outstanding 10,564,311 10,432,763 10,522,841 10,549,056 Effect of outstanding stock options 221,031 186,242 262,209 187,719 Diluted weighted average number of shares outstanding 10,785,342 10,619,005 10,785,050 10,736,775 Basic earnings per common share $ 0.33 $ 0.45 $ 1.06 $ 1.26 Diluted earnings per common share $ 0.32 $ 0.45 $ 1.03 $ 1.23

Note 10 - Segment Reporting (Ta

Note 10 - Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Condensed Income Statement [Table Text Block]	Network Access Domain Name Services Consolidated Totals Three months ended September 30, 2017 Net Revenues $ 22,993,034 $ 62,015,450 $ 85,008,484 Cost of revenues Cost of revenues 13,310,922 47,755,839 61,066,761 Network expenses 446,126 2,014,570 2,460,696 Depreciation of property and equipment 578,257 245,184 823,441 Amortization of intangible assets 11,532 487,500 499,032 Total cost of revenues 14,346,837 50,503,093 64,849,930 Gross Profit 8,646,197 11,512,357 20,158,554 Expenses: Sales and marketing 7,578,414 Technical operations and development 1,910,147 General and administrative 2,852,345 Depreciation of property and equipment 154,638 Amortization of intangible assets 1,745,923 Impairment of indefinite life intangible assets 1,500 Loss (gain) on currency forward contracts (54,075 ) Income from operations 5,969,662 Other income (expenses), net (707,029 ) Income before provision for income taxes $ 5,262,633 Network Access Domain Name Services Consolidated Totals Three months ended September 30, 2016 Net Revenues $ 19,253,063 $ 29,811,264 $ 49,064,327 Cost of revenues Cost of revenues 9,589,183 21,257,485 30,846,668 Network expenses 507,128 780,492 1,287,620 Depreciation of property and equipment 258,042 20,704 278,746 Amortization of intangible assets 13,421 - 13,421 Total cost of revenues 10,367,774 22,058,681 32,426,455 Gross Profit 8,885,289 7,752,583 16,637,872 Expenses: Sales and marketing 5,479,445 Technical operations and development 1,270,107 General and administrative 2,166,217 Depreciation of property and equipment 178,687 Amortization of intangible assets 279,126 Impairment of indefinite life intangible assets 2,866 Loss (gain) on currency forward contracts 22,475 Income from operations 7,238,949 Other income (expenses), net (5,021 ) Income before provision for income taxes $ 7,233,928 Network Access Domain Name Services Consolidated Totals Nine months ended September 30, 2017 Net Revenues $ 63,559,792 $ 175,240,055 $ 238,799,847 Cost of revenues Cost of revenues 35,389,553 134,433,264 169,822,817 Network expenses 1,397,832 5,666,626 7,064,458 Depreciation of property and equipment 1,494,299 634,118 2,128,417 Amortization of intangible assets 34,596 1,300,000 1,334,596 Total cost of revenues 38,316,280 142,034,008 180,350,288 Gross Profit 25,243,512 33,206,047 58,449,559 Expenses: Sales and marketing 22,244,961 Technical operations and development 5,402,385 General and administrative 9,596,298 Depreciation of property and equipment 485,648 Amortization of intangible assets 4,735,221 Impairment of indefinite life intangible assets 1,500 Loss (gain) on currency forward contracts (115,276 ) Income from operations 16,098,822 Other income (expenses), net (2,190,673 ) Income before provision for income taxes $ 13,908,149 Network Access Domain Name Services Consolidated Totals Nine months ended September 30, 2016 Net Revenues $ 55,020,436 $ 85,993,893 $ 141,014,329 Cost of revenues Cost of revenues 28,386,395 61,059,098 89,445,493 Network expenses 941,451 2,983,926 3,925,377 Depreciation of property and equipment 655,104 321,315 976,419 Amortization of intangible assets 36,485 - 36,485 Total cost of revenues 30,019,435 64,364,339 94,383,774 Gross Profit 25,001,001 21,629,554 46,630,555 Expenses: Sales and marketing 15,174,619 Technical operations and development 3,445,118 General and administrative 7,497,752 Depreciation of property and equipment 328,877 Amortization of intangible assets 613,041 Impairment of indefinite life intangible assets 27,745 Loss (gain) on currency forward contracts (96,993 ) Income from operations 19,640,396 Other income (expenses), net 85,919 Income before provision for income taxes $ 19,726,315
Schedule of Operating Income by Revenue Stream [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2017 2016 2017 2016 Network Access Services: Mobile Services $ 21,748,809 $ 18,374,906 $ 60,090,266 $ 52,287,808 Other Services 1,244,225 878,157 3,469,526 2,732,628 Total Network Access Services 22,993,034 19,253,063 63,559,792 55,020,436 Domain Services: Wholesale Domain Services 47,769,779 22,955,731 135,411,688 65,879,375 Value Added Services 4,401,704 2,226,977 14,034,456 6,834,086 Total Wholesale 52,171,483 25,182,708 149,446,144 72,713,461 Retail 8,872,984 3,721,032 22,937,606 10,747,456 Portfolio 970,983 907,524 2,856,305 2,532,976 Total Domain Services 62,015,450 29,811,264 175,240,055 85,993,893 $ 85,008,484 $ 49,064,327 $ 238,799,847 $ 141,014,329
Schedule of Cost of Revenues by Revenue Stream [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2017 2016 2017 2016 Network Access Services: Mobile Services $ 12,365,383 $ 9,087,274 $ 32,634,348 $ 27,026,242 Other Services 945,539 501,909 2,755,205 1,360,153 Total Network Access Services 13,310,922 9,589,183 35,389,553 28,386,395 Domain Services: Wholesale Domain Services 42,294,131 18,934,555 119,206,649 54,215,215 Value Added Services 671,291 463,369 1,823,711 1,401,821 Total Wholesale 42,965,422 19,397,924 121,030,360 55,617,036 Retail 4,610,745 1,727,867 12,775,941 4,968,659 Portfolio 179,672 131,694 626,963 473,403 Total Domain Services 47,755,839 21,257,485 134,433,264 61,059,098 Network Expenses: Network, other costs 2,460,696 1,287,620 7,064,458 3,925,377 Network, depreciation and amortization costs 1,322,473 292,167 3,463,013 1,012,904 3,783,169 1,579,787 10,527,471 4,938,281 $ 64,849,930 $ 32,426,455 $ 180,350,288 $ 94,383,774
Schedule of Property Plant and Equipment by Geographic Region [Table Text Block]	September 30, 2017 December 31, 2016 Canada $ 1,169,409 $ 1,010,427 United States 21,036,074 12,398,961 Germany 27,387 41,050 $ 22,232,870 $ 13,450,438
Schedule of Acquired Intangible Assets by Major Class [Table Text Block]	September 30, 2017 December 31, 2016 Canada $ 7,522,264 $ 5,850,596 United States 39,730,601 633,798 Germany 171,100 325,090 $ 47,423,965 $ 6,809,484
Schedule of Deferred Tax Asset Net By Geographic Region [Table Text Block]	September 30, 2017 December 31, 2016 Canada $ - $ 5,708,725 $ - $ 5,708,725
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Allowance for doubtful accounts excluding provision for credit notes Balance at beginning of period Charged to (recovered) costs and expenses Write-offs during period Balance at end of period Nine months ended September 30, 2017 $ 164,145 $ 3,741 $ - $ 167,886 Year ended December 31, 2016 $ 122,095 $ 42,050 $ - $ 164,145

Note 12 - Stockholders' Equity

Note 12 - Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Accumulated Additional Retained other Total Common stock paid in earnings comprehensive stockholders' Number Amount capital (deficit) income (loss) equity Balances, June 30, 2017 10,552,401 $ 15,125,326 $ 1,607,476 $ 28,062,438 $ 330,106 $ 45,125,346 Exercise of stock options 30,051 159,307 (91,241 ) - - 68,066 Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration (4,903 ) (116,956 ) - - (116,956 ) Stock-based compensation (note 13) - - 202,902 - - 202,902 Net income - - - 3,439,266 - 3,439,266 Accretion of redeemable non-controlling interest in Ting Virginia, LLC. - - - (12,600 ) - (12,600 ) Other comprehensive income (loss) - - - - (8,071 ) (8,071 ) Balances, September 30, 2017 10,577,549 $ 15,284,633 $ 1,602,181 $ 31,489,104 $ 322,035 $ 48,697,953 Accumulated Additional Retained other Total Common stock paid in earnings comprehensive stockholders' Number Amount capital (deficit) income (loss) equity Balances, December 31, 2016 10,461,574 $ 14,460,500 $ 2,857,921 $ 20,399,511 $ 99,154 $ 37,817,086 Exercise of stock options 165,673 824,133 (651,230 ) - - 172,903 Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration (49,698 ) - (1,438,497 ) - - (1,438,497 ) Stock-based compensation (note 13) - - 833,987 - - 833,987 Net income - - - 11,127,241 - 11,127,241 Accretion of redeemable non-controlling interest in Ting Virginia, LLC. - - - (37,648 ) - (37,648 ) Other comprehensive income (loss) - - - - 222,881 222,881 Balances, September 30, 2017 10,577,549 $ 15,284,633 $ 1,602,181 $ 31,489,104 $ 322,035 $ 48,697,953

Note 13 - Share-based Payments

Note 13 - Share-based Payments (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Share-based Compensation, Stock Options, Activity [Table Text Block]	Three months ended September 30, Three months ended September 30, 2017 2016 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period 363,608 $ 16.79 502,590 $ 11.30 Granted 327,150 55.49 18,750 27.53 Exercised (30,051 ) 6.67 (31,065 ) 38.00 Forfeited (1,050 ) 51.87 - - Expired - - - - Outstanding, end of period 659,657 36.39 490,275 12.39 Options exercisable, end of period 223,043 $ 14.30 306,553 $ 9.16 Nine months ended September 30, Nine months ended September 30, 2017 2016 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period 474,501 $ 12.67 513,366 $ 9.24 Granted 360,025 54.13 81,750 22.66 Exercised (165,673 ) 7.79 (94,602 ) 3.75 Forfeited (9,196 ) 22.08 (9,489 ) 17.23 Expired - - (750 ) 3.76 Outstanding, end of period 659,657 36.39 490,275 12.39 Options exercisable, end of period 223,043 $ 14.30 306,553 $ 9.16
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	Options outstanding Options exercisable Exercise price Number outstanding Weighted average exercise price per share Weighted average remaining contractual life (years) Aggregate intrinsic value Number exercisable Weighted average exercise price per share Weighted average remaining contractual life (years) Aggregate intrinsic value $ 2.92 - $ 8.92 96,644 $ 6.72 1.9 $ 5,008,805 96,644 $ 6.72 1.9 $ 5,008,805 $10.16 - $19.95 122,938 16.29 3.7 5,195,152 76,399 15.99 3.5 3,251,248 $21.10 - $27.53 81,000 23.65 4.4 2,826,893 45,000 25.39 3.7 1,492,313 $35.25 - $37.35 14,375 35.89 5.7 325,750 5,000 35.25 6.2 116,500 $43.15 - $47.00 18,500 44.19 6.3 265,650 - - - - $53.55 - $55.65 326,200 55.49 6.7 998,480 - - - - 659,657 $ 36.39 5.1 $ 14,620,730 223,043 $ 14.30 2.9 $ 9,868,866

Note 14 - Fair Value Measurem30

Note 14 - Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	September 30, 2017 Fair Value Measurement Using Assets (Liabilities) Level 1 Level 2 Level 3 at Fair value Derivative instrument asset $ - $ 559,663 $ - $ 559,663 December 31, 2016 Fair Value Measurement Using Assets (Liabilities) Level 1 Level 2 Level 3 at Fair value Derivative instrument asset $ - $ 172,888 $ - $ 172,888

Note 3 - Recent Accounting Pr31

Note 3 - Recent Accounting Pronouncements (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Tax Expense (Benefit)	$ 1,823,367	$ 2,492,649	$ 2,780,908	$ 6,476,012
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit)	$ (400,000)		$ (2,600,000)

Note 4 - Acquisitions (Details

Note 4 - Acquisitions (Details Textual) - USD ($)	Apr. 21, 2018	Feb. 01, 2017	Jan. 20, 2017	Feb. 27, 2015	Apr. 20, 2018	Sep. 30, 2017	Dec. 31, 2016
Redeemable Noncontrolling Interest, Equity, Carrying Amount						$ 1,123,738	$ 3,086,090
Redeemable Noncontrolling Interest, Equity, Redemption Value						1,200,000
Ting Virginia LLC [Member]
Business Acquisition, Percentage of Voting Interests Acquired		20.00%		70.00%
Business Combination, Consideration Transferred		$ 2,000,000		$ 3,500,000
Ting Virginia LLC [Member] | Exercisable by the Minority Shareholders [Member]
Business Combination, Interest Subject to Call Option, Not Exercised in Period		10.00%
Ting Virginia LLC [Member] | Exercisable by the Minority Shareholders [Member] | Exercisable on Fourth Anniversary of Business Combination [Member]
Business Combination, Consideration to be Transfered Upon Exercise of Options Per Percentage Point		$ 120,000
eNom, Incorporated [Member]
Business Combination, Consideration Transferred			$ 77,831,677
Payments to Acquire Businesses, Gross			83,500,000
Business Combination, Consideration Transferred, Estimated Price Adjusments			5,700,000
Business Acquisition, Transaction Costs			$ 800,000
eNom, Incorporated [Member] | General and Administrative Expense [Member]
Business Acquisition, Transaction Costs						$ 300,000
eNom, Incorporated [Member] | Scenario, Forecast [Member]
Business Combination, Minimum Cash Amount	$ 0				$ 5,350,000

Note 4 - Acquisitions - Prelimi

Note 4 - Acquisitions - Preliminary Purchase Consideration (Details) - USD ($)	Jan. 20, 2017	Sep. 30, 2017	Dec. 31, 2016
Goodwill		$ 87,486,243	$ 21,005,143
eNom, Incorporated [Member]
Goodwill	$ 66,481,100
Cash	1,594,217
Prepaid domain registry fees	70,643,994
Other assets	10,170,789
Total assets	193,190,100
Deferred Revenue	(77,798,994)
Deferred Tax Liabilities	(21,893,346)
Other liabilities	(15,666,083)
Total liabilities	(115,358,423)
Preliminary consideration paid	77,831,677
eNom, Incorporated [Member] | Brand [Member]
Finite-Lived Intangibles	12,400,000
eNom, Incorporated [Member] | Technology-Based Intangible Assets [Member]
Finite-Lived Intangibles	3,900,000
eNom, Incorporated [Member] | Customer Relationships [Member]
Finite-Lived Intangibles	$ 28,000,000

Note 4 - Acquisitions - Pro For

Note 4 - Acquisitions - Pro Forma Information (Details) - eNom, Incorporated [Member] - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net revenues	$ 86,303,327	$ 243,262,069	$ 252,531,557
Net income	$ 1,760,528	$ 10,755,068	$ 2,776,074
Basic earnings per common share (in dollars per share)	$ 0.17	$ 1.03	$ 0.27
Diluted earnings per common share (in dollars per share)	$ 0.17	$ 1	$ 0.27

Note 5 - Derivative Instrumen35

Note 5 - Derivative Instruments and Hedging Activities (Details Textual) - Forward Contracts [Member] - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Derivative, Notional Amount	$ 6,900,000		$ 6,900,000		$ 26,600,000
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	55,128	$ (39,401)	78,173	$ (100,000)
Designated as Hedging Instrument [Member]
Derivative, Notional Amount	6,200,000		6,200,000		$ 24,000,000
Not Designated as Hedging Instrument [Member]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ (1,053)	$ 20,113	$ 37,103	$ 300,000

Note 5 - Derivative Instrumen36

Note 5 - Derivative Instruments and Hedging Activities - Foreign Currency Forward Contracts (Details)	Sep. 30, 2017USD ($)
Foreign Exchange Forward 1 [Member]
Notional amount of U.S. dollars	$ 6,859,570
Weighted average exchange rate of U.S. dollars	1.3478
Fair value	$ 559,663
Foreign Exchange Forward 2 [Member]
Notional amount of U.S. dollars	$ 6,859,570
Weighted average exchange rate of U.S. dollars	1.3478
Fair value	$ 559,663

Note 5 - Derivative Instrumen37

Note 5 - Derivative Instruments and Hedging Activities - Fair Value of Derivative Instruments in the Consolidated Balance Sheets (Details) - Derivative Instruments [Member] - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Foreign currency forward contracts	$ 559,663	$ 172,888
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Foreign currency forward contracts	505,232	155,560
Not Designated as Hedging Instrument [Member]
Foreign currency forward contracts	$ 54,431	$ 17,823

Note 5 - Derivative Instrumen38

Note 5 - Derivative Instruments and Hedging Activities - Movement in AOCI Balance (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
AOCI balance, Gains and losses on cash flow hedges	$ 517,894		$ 155,560
AOCI balance, Tax impact	(187,788)		(56,406)
AOCI balance	330,106		99,154
Other comprehensive income (loss) before reclassifications, Gains and losses on cash flow hedges	485,480		1,001,634
Other comprehensive income (loss) before reclassifications, Tax impact	(176,035)		(363,192)
Other comprehensive income (loss) before reclassifications	309,445	$ (58,821)	638,442	$ 516,406
Amount reclassified from accumulated other comprehensive income, Gains and losses on cash flow hedges	(498,142)		(651,962)
Amount reclassified from accumulated other comprehensive income, Tax impact	180,626		236,401
Amount reclassified from accumulated other comprehensive income	(317,516)	$ 131,912	(415,561)	$ 546,836
Other comprehensive income (loss), Gains and losses on cash flow hedges	(12,662)		349,672
Other comprehensive income (loss), Tax impact	4,591		(126,791)
Other comprehensive income (loss)	(8,071)		222,881
AOCI balance, Gains and losses on cash flow hedges	505,232		505,232
AOCI balance, Tax impact	(183,197)		(183,197)
AOCI balance	$ 322,035		$ 322,035

Note 5 - Derivative Instrumen39

Note 5 - Derivative Instruments and Hedging Activities - Effects of Derivative Instruments on Income and Other Comprehensive Income (OCI) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Operating Expense [Member]
Amount of Gain or (Loss) Recognized in OCI, Net of Tax, on Derivative (Effective Portion)
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	432,021	(156,743)	560,971	(617,572)
Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)				(47,242)
Cost of Sales [Member]
Amount of Gain or (Loss) Recognized in OCI, Net of Tax, on Derivative (Effective Portion)	(8,071)	73,091	222,881	1,063,242
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	66,121	(50,210)	90,991	(193,102)
Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)

Note 6 - Goodwill and Other I40

Note 6 - Goodwill and Other Intangible Assets (Details Textual) - USD ($)	Sep. 19, 2017	Jan. 20, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Goodwill			$ 87,486,243		$ 87,486,243		$ 21,005,143
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)			1,500	$ 2,866	1,500	$ 27,745
Finite-lived Intangible Assets Acquired			90,187		90,187
Finite-Lived Intangible Assets, Accumulated Amortization			13,000,000		13,000,000
Brand [Member]
Finite-lived Intangible Assets Acquired
Technology-Based Intangible Assets [Member]
Finite-lived Intangible Assets Acquired
Customer Relationships [Member]
Finite-lived Intangible Assets Acquired			90,187		90,187
Domain Name Services [Member]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)			1,500	2,866	1,500	27,745
Domain Services Operating Segment [Member]
Goodwill			$ 85,400,000		$ 85,400,000
Goodwill Percentage Related to Operating Segments			98.00%		98.00%
Network Access Services [Member]
Goodwill			$ 2,100,000		$ 2,100,000
Goodwill Percentage Related to Operating Segments			2.00%		2.00%
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)
eNom, Incorporated [Member]
Goodwill		$ 66,481,100
Goodwill, Acquired During Period					66,500,000
Finite-lived Intangible Assets Acquired					44,300,000
eNom, Incorporated [Member] | Brand [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		7 years
Finite-lived Intangible Assets Acquired					12,400,000
eNom, Incorporated [Member] | Technology-Based Intangible Assets [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		2 years
Finite-lived Intangible Assets Acquired					3,900,000
eNom, Incorporated [Member] | Customer Relationships [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		7 years
Finite-lived Intangible Assets Acquired					28,000,000
Otono, Networks Inc. [Member]
Finite-lived Intangible Assets Acquired			2,294,111		2,294,111
Business Acquisition, Working Capital Liabilities Assumed	$ 1,400,000
Otono, Networks Inc. [Member] | Brand [Member]
Finite-lived Intangible Assets Acquired
Otono, Networks Inc. [Member] | Technology-Based Intangible Assets [Member]
Finite-lived Intangible Assets Acquired
Otono, Networks Inc. [Member] | Customer Relationships [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Finite-lived Intangible Assets Acquired	$ 2,300,000		$ 2,294,111		$ 2,294,111

Note 6 - Goodwill and Other I41

Note 6 - Goodwill and Other Intangible Assets - Acquired Intangible Assets by Major Class (Details) - USD ($)	Sep. 19, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Balances		$ 60,432,167		$ 19,973,793
Acquisition , Finite-lived		90,187		90,187
Additions to/(disposals from) domain portfolio, net		(7,896)	$ (4,760)	(24,661)	$ (25,581)
Amortization expense		(2,244,955)	$ (292,547)	(6,069,817)	$ (649,526)
Balances		60,562,113		60,562,113
Reclassifications
Otono, Networks Inc. [Member]
Acquisition , Finite-lived		2,294,111		2,294,111
eNom, Incorporated [Member]
Acquisition , Finite-lived				44,300,000
Brand [Member]
Balances		11,693,810		5,210
Acquisition , Finite-lived
Additions to/(disposals from) domain portfolio, net
Amortization expense		(450,510)		(1,205,530)
Balances		11,243,300		11,243,300
Reclassifications				43,620
Brand [Member] | Otono, Networks Inc. [Member]
Acquisition , Finite-lived
Brand [Member] | eNom, Incorporated [Member]
Acquisition , Finite-lived				12,400,000
Customer Relationships [Member]
Balances		31,919,024		6,198,811
Acquisition , Finite-lived		90,187		90,187
Additions to/(disposals from) domain portfolio, net
Amortization expense		(1,295,413)		(3,529,691)
Balances		33,007,909		33,007,909
Reclassifications				(45,509)
Customer Relationships [Member] | Otono, Networks Inc. [Member]
Acquisition , Finite-lived	$ 2,300,000	2,294,111		2,294,111
Customer Relationships [Member] | eNom, Incorporated [Member]
Acquisition , Finite-lived				28,000,000
Technology-Based Intangible Assets [Member]
Balances		3,087,500
Acquisition , Finite-lived
Additions to/(disposals from) domain portfolio, net
Amortization expense		(487,500)		(1,300,000)
Balances		2,600,000		2,600,000
Reclassifications
Technology-Based Intangible Assets [Member] | Otono, Networks Inc. [Member]
Acquisition , Finite-lived
Technology-Based Intangible Assets [Member] | eNom, Incorporated [Member]
Acquisition , Finite-lived				3,900,000
Network Rights [Member]
Balances		584,288		605,463
Acquisition , Finite-lived
Additions to/(disposals from) domain portfolio, net
Amortization expense		(11,532)		(34,596)
Balances		572,756		572,756
Reclassifications				1,889
Network Rights [Member] | Otono, Networks Inc. [Member]
Acquisition , Finite-lived
Network Rights [Member] | eNom, Incorporated [Member]
Acquisition , Finite-lived
Surname Domain Names [Member]
Balances		11,291,003		11,295,221
Acquisition , Indefinite-lived
Additions to/(disposals from) domain portfolio, net		(1,623)		(5,841)
Amortization expense
Balances		11,289,380		11,289,380
Reclassifications
Surname Domain Names [Member] | Otono, Networks Inc. [Member]
Acquisition , Indefinite-lived
Acquisition , Finite-lived
Surname Domain Names [Member] | eNom, Incorporated [Member]
Acquisition , Indefinite-lived
Direct Navigation Domain Names [Member]
Balances		1,856,542		1,869,088
Acquisition , Indefinite-lived
Additions to/(disposals from) domain portfolio, net		(7,774)		(20,320)
Amortization expense
Balances		1,848,768		1,848,768
Reclassifications
Direct Navigation Domain Names [Member] | Otono, Networks Inc. [Member]
Acquisition , Indefinite-lived
Acquisition , Finite-lived
Direct Navigation Domain Names [Member] | eNom, Incorporated [Member]
Acquisition , Indefinite-lived

Note 6 - Goodwill and Other I42

Note 6 - Goodwill and Other Intangible Assets - Estimated Future Amortization Expense of Intangible Assets (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Remainder of 2017	$ 2,168,927
2,018	9,166,244
2,019	7,255,196
2,020	7,092,696
2,021	7,092,696
Thereafter	14,648,206
Total	$ 47,423,965	$ 6,809,484

Note 7 - Loan Payable (Details

Note 7 - Loan Payable (Details Textual) CAD in Millions	Jan. 20, 2017USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Oct. 01, 2018	Sep. 30, 2018	Sep. 30, 2017CAD	Jan. 19, 2017USD ($)
Payments of Financing Costs	$ 600,000	$ 16,463	$ 383,463		$ 620,217	$ 516,963
Foreign Exchange Risk [Member]
Line of Credit Facility, Maximum Borrowing Capacity		3,500,000		$ 3,500,000	$ 3,500,000
Line of Credit Facility Covenant Period					1 year 180 days
Derivative Asset, Fair Value, Gross Asset		$ 6,900,000		$ 6,900,000	$ 6,900,000
Bank of Montreal and Royal Bank of Canada [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 140,000,000
Debt Instrument, Term	4 years
Maximum Total Funded Debt to EBITDA Ratio	2.25	3		3	3				3
Repayment Obligation, Percentage of Excess Cash Flow	50.00%
Minimum Fixed Charge Coverage Ratio		1.2		1.2	1.2				1.2
Maximum Annual Capital Expenditures Requirement					$ 32,800,000
Line of Credit Facility, Maximum Funded Share Repurchases Ceiling					$ 20,000,000
Maximum Ratio of Funded Share Repurchases to 12 Months Trailing EDITDA		1.5		1.5	1.5				1.5
Bank of Montreal and Royal Bank of Canada [Member] | Scenario, Forecast [Member]
Maximum Total Funded Debt to EBITDA Ratio							2.25	2.5
Bank of Montreal and Royal Bank of Canada [Member] | Total Loans Do Not Exceed 1.5 Times of Trailing 12 Months EBITDA [Member]
Line of Credit Facility, Maximum Funded Share Repurchases Ceiling					$ 40,000,000
Bank of Montreal and Royal Bank of Canada [Member] | Non-revolving Facility C [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 35,500,000									$ 40,000,000
Line of Credit Facility, Increase in Maximum Borrowing Capacity				$ 502,500
Bank of Montreal and Royal Bank of Canada [Member] | Non-revolving Facility D [Member]
Line of Credit Facility, Maximum Borrowing Capacity	84,500,000
Long-term Line of Credit	84,500,000
Bank of Montreal and Royal Bank of Canada [Member] | Revolving Credit Facility A [Member]
Line of Credit Facility, Maximum Borrowing Capacity	5,000,000
Bank of Montreal and Royal Bank of Canada [Member] | Revolving Reducing Term Facility B [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 15,000,000
Bank of Montreal and Royal Bank of Canada [Member] | Credit Facility B and C [Member] | Draws for Share Repurchases [Member]
Debt Instrument, Term	4 years
Bank of Montreal and Royal Bank of Canada [Member] | Credit Facility B and C [Member] | Draws for Acquisitions [Member]
Debt Instrument, Term	5 years
Bank of Montreal and Royal Bank of Canada [Member] | Credit Facility B and C [Member] | Draws for FFTH Capital Expenditures [Member]
Debt Instrument, Term	7 years
Bank of Nova [member] | Corporate Credit Card Program [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 1,000,000		$ 1,000,000	$ 1,000,000				CAD 0.5

Note 7 - Loan Payable - Schedul

Note 7 - Loan Payable - Schedule of Standby Fees Based on Total Funded Debt to EBITDA Ratio (Details)	9 Months Ended
	Sep. 30, 2017
Debt to EBITDA is Less Than 1 [Member]
Standby fees	0.40%
Debt to EBITDA is Greater Than or Equal to 1 and Less Than 2 [Member]
Standby fees	0.45%
Debt to EBITDA is Greater Than or Equal to 2 and Less Than 2.25 [Member]
Standby fees	0.55%
Debt to EBITDA is Greater Than or Equal to 2.25 [Member]
Standby fees	0.65%
Bank of Montreal and Royal Bank of Canada [Member] | London Interbank Offered Rate (LIBOR) [Member] | Debt to EBITDA is Less Than 1 [Member]
Basis Spread on Variable Rate	2.00%
Bank of Montreal and Royal Bank of Canada [Member] | London Interbank Offered Rate (LIBOR) [Member] | Debt to EBITDA is Greater Than or Equal to 1 and Less Than 2 [Member]
Basis Spread on Variable Rate	2.25%
Bank of Montreal and Royal Bank of Canada [Member] | London Interbank Offered Rate (LIBOR) [Member] | Debt to EBITDA is Greater Than or Equal to 2 and Less Than 2.25 [Member]
Basis Spread on Variable Rate	2.75%
Bank of Montreal and Royal Bank of Canada [Member] | London Interbank Offered Rate (LIBOR) [Member] | Debt to EBITDA is Greater Than or Equal to 2.25 [Member]
Basis Spread on Variable Rate	3.25%
Bank of Montreal and Royal Bank of Canada [Member] | Base Rate [Member] | Debt to EBITDA is Less Than 1 [Member]
Basis Spread on Variable Rate	0.75%
Bank of Montreal and Royal Bank of Canada [Member] | Base Rate [Member] | Debt to EBITDA is Greater Than or Equal to 1 and Less Than 2 [Member]
Basis Spread on Variable Rate	1.00%
Bank of Montreal and Royal Bank of Canada [Member] | Base Rate [Member] | Debt to EBITDA is Greater Than or Equal to 2 and Less Than 2.25 [Member]
Basis Spread on Variable Rate	1.50%
Bank of Montreal and Royal Bank of Canada [Member] | Base Rate [Member] | Debt to EBITDA is Greater Than or Equal to 2.25 [Member]
Basis Spread on Variable Rate	2.00%

Note 7 - Loan Payable - Sched45

Note 7 - Loan Payable - Schedule of Loans Payable (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Loans payable	$ 81,427,082	$ 10,248,808
Less: unamortized debt discount and issuance costs	(899,020)	(482,498)
Less: loan payable, current portion	18,289,853	2,233,110
Loan payable, long-term portion	63,137,229	8,015,698
Revolving Reducing Term Facility B [Member]
Loans payable		6,000,000
Non-revolving Facility C [Member]
Loans payable	6,277,902	4,731,306
Non-revolving Facility D [Member]
Loans payable	$ 76,048,200

Note 7 - Loan Payable - Princip

Note 7 - Loan Payable - Principal Repayments (Details)	Sep. 30, 2017USD ($)
Remainder of 2017	$ 4,572,463
2,018	18,289,853
2,019	18,289,853
2,020	18,103,004
2,021	17,542,457
Thereafter	5,528,472
	$ 82,326,102

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Jan. 20, 2017	Dec. 31, 2016
Income Tax Expense (Benefit)	$ 1,823,367	$ 2,492,649	$ 2,780,908	$ 6,476,012
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	5,300,000	$ 7,200,000	13,900,000	$ 19,700,000
Unrecognized Tax Benefits	0		0			$ 100,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	0		0			$ 0
eNom, Incorporated [Member]
Deferred Tax Liabilities, Net					$ 21,900,000
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit)	$ (400,000)		$ (2,600,000)

Note 9 - Basic and Diluted Ea48

Note 9 - Basic and Diluted Earnings Per Common Share (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	$ 5,300,000	$ 7,200,000	$ 13,900,000	$ 19,700,000
Stock Repurchase [Member]
Stock Repurchased and Retired During Period, Shares	0	0	0	308,416
Employee Stock Option [Member]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	$ 345,200		$ 349,700
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	76,750		95,950

Note 9 - Basic and Diluted Ea49

Note 9 - Basic and Diluted Earnings Per Common Share - Summary of Basic and Diluted Earnings Per Common Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2016
Net income for the period	$ 3,439,266	$ 4,741,279	$ 11,127,241	$ 11,127,241	$ 13,250,303
Basic weighted average number of common shares outstanding (in shares)	10,564,311	10,432,763	10,522,841		10,549,056
Effect of outstanding stock options (in shares)	221,031	186,242	262,209		187,719
Diluted weighted average number of shares outstanding (in shares)	10,785,342	10,619,005	10,785,050		10,736,775
Basic earnings per common share (in dollars per share)	$ 0.33	$ 0.45	$ 1.06		$ 1.26
Diluted earnings per common share (in dollars per share)	$ 0.32	$ 0.45	$ 1.03		$ 1.23

Note 10 - Segment Reporting (De

Note 10 - Segment Reporting (Details Textual)	9 Months Ended
	Sep. 30, 2017
Number of Operating Segments	2

Note 10 - Segment Reporting - I

Note 10 - Segment Reporting - Information by Operating Segments (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net Revenues	$ 85,008,484	$ 49,064,327	$ 238,799,847	$ 141,014,329
Cost of revenues	61,066,761	30,846,668	169,822,817	89,445,493
Network expenses	2,460,696	1,287,620	7,064,458	3,925,377
Depreciation of property and equipment	823,441	278,746	2,128,417	976,419
Amortization of intangible assets	499,032	13,421	1,334,596	36,485
Total cost of revenues	64,849,930	32,426,455	180,350,288	94,383,774
Gross Profit	20,158,554	16,637,872	58,449,559	46,630,555
Sales and marketing	7,578,414	5,479,445	22,244,961	15,174,619
Technical operations and development	1,910,147	1,270,107	5,402,385	3,445,118
General and administrative	2,852,345	2,166,217	9,596,298	7,497,752
Depreciation of property and equipment	154,638	178,687	485,648	328,877
Amortization of intangible assets	1,745,923	279,126	4,735,221	613,041
Impairment of indefinite life intangible asset	1,500	2,866	1,500	27,745
Loss (gain) on currency forward contracts	(54,075)	22,475	(115,276)	(96,993)
Income from operations	5,969,662	7,238,949	16,098,822	19,640,396
Other income (expenses), net	(707,029)	(5,021)	(2,190,673)	85,919
Income before provision for income taxes	5,262,633	7,233,928	13,908,149	19,726,315
Network Access Services [Member]
Net Revenues	22,993,034	19,253,063	63,559,792	55,020,436
Cost of revenues	13,310,922	9,589,183	35,389,553	28,386,395
Network expenses	446,126	507,128	1,397,832	941,451
Depreciation of property and equipment	578,257	258,042	1,494,299	655,104
Amortization of intangible assets	11,532	13,421	34,596	36,485
Total cost of revenues	14,346,837	10,367,774	38,316,280	30,019,435
Gross Profit	8,646,197	8,885,289	25,243,512	25,001,001
Sales and marketing
Technical operations and development
General and administrative
Depreciation of property and equipment
Amortization of intangible assets
Impairment of indefinite life intangible asset
Loss (gain) on currency forward contracts
Income from operations
Other income (expenses), net
Income before provision for income taxes
Domain Name Services [Member]
Net Revenues	62,015,450	29,811,264	175,240,055	85,993,893
Cost of revenues	47,755,839	21,257,485	134,433,264	61,059,098
Network expenses	2,014,570	780,492	5,666,626	2,983,926
Depreciation of property and equipment	245,184	20,704	634,118	321,315
Amortization of intangible assets	487,500		1,300,000
Total cost of revenues	50,503,093	22,058,681	142,034,008	64,364,339
Gross Profit	11,512,357	7,752,583	33,206,047	21,629,554
Sales and marketing
Technical operations and development
General and administrative
Depreciation of property and equipment
Amortization of intangible assets
Impairment of indefinite life intangible asset
Loss (gain) on currency forward contracts
Income from operations
Other income (expenses), net
Income before provision for income taxes

Note 10 - Segment Reporting - S

Note 10 - Segment Reporting - Summary of Revenue and Cost of Revenue (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net revenues	$ 85,008,484	$ 49,064,327	$ 238,799,847	$ 141,014,329
Network Access Services [Member]
Net revenues	22,993,034	19,253,063	63,559,792	55,020,436
Network Access Services [Member] | Mobile Services [Member]
Net revenues	21,748,809	18,374,906	60,090,266	52,287,808
Network Access Services [Member] | Other Services [Member]
Net revenues	1,244,225	878,157	3,469,526	2,732,628
Domain Name Services [Member]
Net revenues	62,015,450	29,811,264	175,240,055	85,993,893
Domain Name Services [Member] | Wholesale [Member]
Net revenues	52,171,483	25,182,708	149,446,144	72,713,461
Domain Name Services [Member] | Wholesale [Member] | Domain Services [Member]
Net revenues	47,769,779	22,955,731	135,411,688	65,879,375
Domain Name Services [Member] | Wholesale [Member] | Value Added Services [Member]
Net revenues	4,401,704	2,226,977	14,034,456	6,834,086
Domain Name Services [Member] | Retail Services [Member]
Net revenues	8,872,984	3,721,032	22,937,606	10,747,456
Domain Name Services [Member] | Portfolio [Member]
Net revenues	$ 970,983	$ 907,524	$ 2,856,305	$ 2,532,976

Note 10 - Segment Reporting -53

Note 10 - Segment Reporting - Summary of Cost of Revenues from Each Significant Revenue Stream (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Cost of revenues	$ 61,066,761	$ 30,846,668	$ 169,822,817	$ 89,445,493
Network, other costs	2,460,696	1,287,620	7,064,458	3,925,377
Amortization of intangible assets	499,032	13,421	1,334,596	36,485
Total cost of revenues	64,849,930	32,426,455	180,350,288	94,383,774
Network Expenses [Member]
Network, other costs	2,460,696	1,287,620	7,064,458	3,925,377
Amortization of intangible assets	1,322,473	292,167	3,463,013	1,012,904
Network Expenses	3,783,169	1,579,787	10,527,471	4,938,281
Network Access Services [Member]
Cost of revenues	13,310,922	9,589,183	35,389,553	28,386,395
Network, other costs	446,126	507,128	1,397,832	941,451
Amortization of intangible assets	11,532	13,421	34,596	36,485
Total cost of revenues	14,346,837	10,367,774	38,316,280	30,019,435
Network Access Services [Member] | Mobile Services [Member]
Cost of revenues	12,365,383	9,087,274	32,634,348	27,026,242
Network Access Services [Member] | Other Services [Member]
Cost of revenues	945,539	501,909	2,755,205	1,360,153
Domain Name Services [Member]
Cost of revenues	47,755,839	21,257,485	134,433,264	61,059,098
Network, other costs	2,014,570	780,492	5,666,626	2,983,926
Amortization of intangible assets	487,500		1,300,000
Total cost of revenues	50,503,093	22,058,681	142,034,008	64,364,339
Domain Name Services [Member] | Wholesale [Member]
Cost of revenues	42,965,422	19,397,924	121,030,360	55,617,036
Domain Name Services [Member] | Retail Services [Member]
Cost of revenues	4,610,745	1,727,867	12,775,941	4,968,659
Domain Name Services [Member] | Portfolio [Member]
Cost of revenues	179,672	131,694	626,963	473,403
Domain Name Services [Member] | Domain Services [Member] | Wholesale [Member]
Cost of revenues	42,294,131	18,934,555	119,206,649	54,215,215
Domain Name Services [Member] | Value Added Services [Member] | Wholesale [Member]
Cost of revenues	$ 671,291	$ 463,369	$ 1,823,711	$ 1,401,821

Note 10 - Segment Reporting -54

Note 10 - Segment Reporting - Summary of Property and Equipment by Geographic Region (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Property and equipment	$ 22,232,870	$ 13,450,438
CANADA
Property and equipment	1,169,409	1,010,427
UNITED STATES
Property and equipment	21,036,074	12,398,961
GERMANY
Property and equipment	$ 27,387	$ 41,050

Note 10 - Segment Reporting -55

Note 10 - Segment Reporting - Summary of Amortizable Intangible Assets by Geographic Region (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Amortizable intangible assets	$ 47,423,965	$ 6,809,484
CANADA
Amortizable intangible assets	7,522,264	5,850,596
UNITED STATES
Amortizable intangible assets	39,730,601	633,798
GERMANY
Amortizable intangible assets	$ 171,100	$ 325,090

Note 10 - Segment Reporting -56

Note 10 - Segment Reporting - Summary of Deferred Tax Asset, Net of Valuation Allowance (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Deferred tax assets		$ 5,708,725
CANADA
Deferred tax assets		$ 5,708,725

Note 10 - Segment Reporting -57

Note 10 - Segment Reporting - Summary of Valuation and Qualifying Accounts (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Balance at beginning of period	$ 164,145	$ 122,095
Charged to (recovered) costs and expenses	3,741	42,050
Balance at end of period	$ 167,886	$ 164,145

Note 12 - Stockholders' Equit58

Note 12 - Stockholders' Equity (Details Textual) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2016	Mar. 01, 2017	Feb. 09, 2016	Feb. 11, 2015
Stock Buyback Program 2017 [Member]
Stock Repurchase Program, Authorized Amount				$ 40
Stock Repurchased and Retired During Period, Shares	0	0
Stock Buyback Program 2016 [Member]
Stock Repurchase Program, Authorized Amount					$ 40
Stock Repurchased and Retired During Period, Shares			308,416
Stock Repurchased and Retired During Period, Value			$ 7.2
Stock Buyback Program 2015 [Member]
Stock Repurchase Program, Authorized Amount						$ 20
Stock Repurchased and Retired During Period, Shares			0

Note 12 - Stockholders' Equit59

Note 12 - Stockholders' Equity - Stockholders' Equity Transactions (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2016
Balances	$ 45,125,346		$ 37,817,086	$ 37,817,086
Exercise of stock options (in shares)	30,051	31,065		165,673	94,602
Exercise of stock options	$ 68,066		172,903
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration	(116,956)		(1,438,497)
Stock-based compensation (note 13)	202,902		833,987
Net income for the period	3,439,266	$ 4,741,279	11,127,241	$ 11,127,241	$ 13,250,303
Accretion of redeemable non-controlling interest in Ting Virginia, LLC.	(12,600)		(37,648)
Other comprehensive income (loss)	(8,071)	$ 73,091	222,881	222,881	$ 1,063,242
Balances	$ 48,697,953		$ 48,697,953	$ 48,697,953
Common Stock [Member]
Balances (in shares)	10,552,401		10,461,574
Balances	$ 15,125,326		$ 14,460,500
Exercise of stock options (in shares)	30,051		165,673
Exercise of stock options	$ 159,307		$ 824,133
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration (in shares)	(4,903)		(49,698)
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration
Stock-based compensation (note 13)
Net income for the period
Accretion of redeemable non-controlling interest in Ting Virginia, LLC.
Other comprehensive income (loss)
Balances (in shares)	10,577,549		10,577,549	10,577,549
Balances	$ 15,284,633		$ 15,284,633	$ 15,284,633
Additional Paid-in Capital [Member]
Balances	1,607,476		2,857,921
Exercise of stock options	(91,241)		(651,230)
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration	(116,956)		(1,438,497)
Stock-based compensation (note 13)	202,902		833,987
Net income for the period
Accretion of redeemable non-controlling interest in Ting Virginia, LLC.
Other comprehensive income (loss)
Balances	1,602,181		1,602,181	1,602,181
Retained Earnings [Member]
Balances	28,062,438		20,399,511
Exercise of stock options
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration
Stock-based compensation (note 13)
Net income for the period	3,439,266		11,127,241
Accretion of redeemable non-controlling interest in Ting Virginia, LLC.	(12,600)		(37,648)
Other comprehensive income (loss)
Balances	31,489,104		31,489,104	31,489,104
AOCI Attributable to Parent [Member]
Balances	330,106		99,154
Exercise of stock options
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration
Stock-based compensation (note 13)
Net income for the period
Accretion of redeemable non-controlling interest in Ting Virginia, LLC.
Other comprehensive income (loss)	(8,071)		222,881
Balances	$ 322,035		$ 322,035	$ 322,035

Note 13 - Share-based Payment60

Note 13 - Share-based Payments (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 7,000		$ 7,000
Allocated Share-based Compensation Expense	$ 200	$ 200	800	$ 600
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount			$ 0
Employee Stock Option [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			3 years 36 days

Note 13 - Share-based Payment61

Note 13 - Share-based Payments - Stock Option Transactions (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2017$ / sharesshares	Sep. 30, 2016$ / sharesshares	Sep. 30, 2017$ / sharesshares	Sep. 30, 2016$ / sharesshares
Outstanding, Number of shares (in shares) | shares	363,608	502,590	474,501	513,366
Outstanding, Weighted average exercise price per share (in dollars per share) | $ / shares	$ 16.79	$ 11.30	$ 12.67	$ 9.24
Granted, Number of shares (in shares) | shares	327,150	18,750	360,025	81,750
Granted, Weighted average exercise price per share (in dollars per share) | $ / shares	$ 55.49	$ 27.53	$ 54.13	$ 22.66
Exercised, Number of shares (in shares) | shares	(30,051)	(31,065)	(165,673)	(94,602)
Exercised, Weighted average exercise price per share (in dollars per share) | $ / shares	$ 6.67	$ 38	$ 7.79	$ 3.75
Forfeited, Number of shares (in shares) | shares	(1,050)		(9,196)	(9,489)
Forfeited, Weighted average exercise price per share (in dollars per share) | $ / shares	$ 51.87		$ 22.08	$ 17.23
Expired, Number of shares (in shares) | shares				(750)
Expired, Weighted average exercise price per share (in dollars per share) | $ / shares				$ 3.76
Outstanding, Number of shares (in shares) | shares	659,657	490,275	659,657	490,275
Outstanding, Weighted average exercise price per share (in dollars per share) | $ / shares	$ 36.39	$ 12.39	$ 36.39	$ 12.39
Options exercisable, Number of shares (in shares) | shares	223,043	306,553	223,043	306,553
Options exercisable, Weighted average exercise price per share (in dollars per share) | $ / shares	$ 14.30	$ 9.16	$ 14.30	$ 9.16

Note 13 - Share-based Payment62

Note 13 - Share-based Payments - Summary of Exercise Prices, Weighted Average Remaining Contractual Life and Intrinsic Values of Outstanding Options (Details)	9 Months Ended
	Sep. 30, 2017USD ($)$ / sharesshares
Number outstanding (in shares) | shares	659,657
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 36.39
Weighted average remaining contractual life, options outstanding (Year)	5 years 36 days
Aggregate intrinsic value, options outstanding | $	$ 14,620,730
Number exercisable (in shares) | shares	223,043
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 14.30
Weighted average remaining contractual life, options exercisable (Year)	2 years 328 days
Aggregate intrinsic value, options exercisable | $	$ 9,868,866
Exercise Price Range 01 [Member]
Exercise price - lower (in dollars per share)	$ 2.92
Exercise price - higher (in dollars per share)	$ 8.92
Number outstanding (in shares) | shares	96,644
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 6.72
Weighted average remaining contractual life, options outstanding (Year)	1 year 328 days
Aggregate intrinsic value, options outstanding | $	$ 5,008,805
Number exercisable (in shares) | shares	96,644
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 6.72
Weighted average remaining contractual life, options exercisable (Year)	1 year 328 days
Aggregate intrinsic value, options exercisable | $	$ 5,008,805
Exercise Price Range 02 [Member]
Exercise price - lower (in dollars per share)	$ 10.16
Exercise price - higher (in dollars per share)	$ 19.95
Number outstanding (in shares) | shares	122,938
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 16.29
Weighted average remaining contractual life, options outstanding (Year)	3 years 255 days
Aggregate intrinsic value, options outstanding | $	$ 5,195,152
Number exercisable (in shares) | shares	76,399
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 15.99
Weighted average remaining contractual life, options exercisable (Year)	3 years 182 days
Aggregate intrinsic value, options exercisable | $	$ 3,251,248
Exercise Price Range 03 [Member]
Exercise price - lower (in dollars per share)	$ 21.10
Exercise price - higher (in dollars per share)	$ 27.53
Number outstanding (in shares) | shares	81,000
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 23.65
Weighted average remaining contractual life, options outstanding (Year)	4 years 146 days
Aggregate intrinsic value, options outstanding | $	$ 2,826,893
Number exercisable (in shares) | shares	45,000
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 25.39
Weighted average remaining contractual life, options exercisable (Year)	3 years 255 days
Aggregate intrinsic value, options exercisable | $	$ 1,492,313
Exercise Price Range 04 [Member]
Exercise price - lower (in dollars per share)	$ 35.25
Exercise price - higher (in dollars per share)	$ 37.35
Number outstanding (in shares) | shares	14,375
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 35.89
Weighted average remaining contractual life, options outstanding (Year)	5 years 255 days
Aggregate intrinsic value, options outstanding | $	$ 325,750
Number exercisable (in shares) | shares	5,000
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 35.25
Weighted average remaining contractual life, options exercisable (Year)	6 years 73 days
Aggregate intrinsic value, options exercisable | $	$ 116,500
Exercise Price Range 05 [Member]
Exercise price - lower (in dollars per share)	$ 43.15
Exercise price - higher (in dollars per share)	$ 47
Number outstanding (in shares) | shares	18,500
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 44.19
Weighted average remaining contractual life, options outstanding (Year)	6 years 109 days
Aggregate intrinsic value, options outstanding | $	$ 265,650
Number exercisable (in shares) | shares
Weighted average exercise price per share, options exercisable (in dollars per share)
Weighted average remaining contractual life, options exercisable (Year)
Aggregate intrinsic value, options exercisable | $
Exercise Price Range 06 [Member]
Exercise price - lower (in dollars per share)
Exercise price - higher (in dollars per share)	$ 55.65
Number outstanding (in shares) | shares	326,200
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 55.49
Weighted average remaining contractual life, options outstanding (Year)	6 years 255 days
Aggregate intrinsic value, options outstanding | $	$ 998,480
Number exercisable (in shares) | shares
Weighted average exercise price per share, options exercisable (in dollars per share)
Weighted average remaining contractual life, options exercisable (Year)
Aggregate intrinsic value, options exercisable | $

Note 14 - Fair Value Measurem63

Note 14 - Fair Value Measurement - Summary of the Fair Values of the Company's Derivative Instrument Liabilities (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Derivative instrument asset	$ 559,663	$ 172,888
Fair Value, Inputs, Level 1 [Member]
Derivative instrument asset
Fair Value, Inputs, Level 2 [Member]
Derivative instrument asset	559,663	172,888
Fair Value, Inputs, Level 3 [Member]
Derivative instrument asset