Tucows (TCX) 10-Q 9 May 18 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 07, 2018
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)		10,594,645
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 16,587,886	$ 18,049,164	[1]
Accounts receivable, net of allowance for doubtful accounts of $169,420 as of March 31, 2018 and $168,409 as of December 31, 2017	12,685,140	12,376,104	[1]
Inventory	2,898,383	2,944,246	[1]
Prepaid expenses and deposits	14,710,902	14,185,586	[1]
Derivative instrument asset, current portion (note 5)	21,515		[1]
Prepaid domain name registry and ancillary services fees, current portion	95,019,044	103,302,472	[1]
Income taxes recoverable	2,625,063	3,003,873	[1]
Total current assets	144,547,933	153,861,445	[1]
Derivative instrument asset, long-term portion (note 5)	4,588		[1]
Prepaid domain name registry and ancillary services fees, long-term portion	20,640,539	23,700,931	[1]
Property and equipment	28,688,762	24,620,298	[1]
Contract costs (note 11)	1,378,336	1,403,608	[2]
Intangible assets (note 6)	56,047,310	58,414,178	[1]
Goodwill (note 6)	90,053,483	90,053,483
Total assets	341,360,951	350,650,335	[1]
Current liabilities:
Accounts payable	9,343,179	7,026,282	[1]
Accrued liabilities	7,171,475	6,412,578	[1]
Customer deposits	12,980,327	15,255,305	[1]
Deferred rent, current portion	21,048	20,991	[1]
Loan payable, current portion (note 7)	18,289,853	18,289,853	[1]
Deferred revenue, current portion	122,203,880	129,154,622	[1]
Accreditation fees payable, current portion	1,226,544	1,174,733	[1]
Income taxes payable	984,707	1,226,157	[1]
Total current liabilities	172,221,013	178,560,521	[1]
Deferred revenue, long-term portion	28,779,438	31,426,906	[1]
Accreditation fees payable, long-term portion	277,022	288,755	[1]
Deferred rent, long-term portion	129,885	129,777	[1]
Loan payable, long-term portion (note 7)	54,127,120	58,634,174	[1]
Deferred gain	300,580	429,400	[1]
Deferred tax liability (note 8)	20,116,385	19,833,678	[1]
Redeemable non-controlling interest (note 4 (a))		1,136,390	[1]
Stockholders' equity (note 13)
Preferred stock - no par value, 1,250,000 shares authorized; none issued and outstanding	0	0	[1]
Common stock - no par value, 250,000,000 shares authorized; 10,592,115 shares issued and outstanding as of March 31, 2018 and 10,583,879 shares issued and outstanding as of December 31, 2017	15,426,104	15,368,161	[1]
Additional paid-in capital	2,547,140	2,166,768	[1]
Retained earnings	47,418,839	42,675,805	[1]
Accumulated other comprehensive income	17,425		[1]
Total stockholders' equity	65,409,508	60,210,734	[1]
Total liabilities and stockholders' equity	$ 341,360,951	$ 350,650,335	[1]
[1]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.
[2]	The beginning balance consists entirely of a cumulative adjustment recorded on January 1st, 2018 as a result of the modified retrospective adoption of ASU 2014-09. See note 3 for additional information.

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands	Mar. 31, 2018	Dec. 31, 2017
Accounts receivable, allowance for doubtful accounts	$ 169,420	$ 168,409
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)	10,592,115	10,583,879
Common stock, shares outstanding (in shares)	10,592,115	10,583,879

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net revenues (note 10)	$ 95,795,691	$ 69,568,062	[1]
Cost of revenues (note 10)
Cost of revenues	68,972,220	49,310,712	[1]
Network expenses	2,574,087	2,343,196	[1]
Depreciation of property and equipment	1,131,143	590,347	[1]
Amortization of intangible assets (note 6)	499,032	380,162	[1]
Total cost of revenues	73,176,482	52,624,417	[1]
Gross profit	22,619,209	16,943,645	[1]
Expenses:
Sales and marketing	8,364,787	7,219,322	[1]
Technical operations and development	2,094,689	1,694,141	[1]
General and administrative	4,531,412	3,457,343	[1]
Depreciation of property and equipment	101,072	166,317	[1]
Amortization of intangible assets (note 6)	1,831,730	1,380,809	[1]
Loss (gain) on currency forward contracts (note 5)	(3,093)	(34,425)	[1]
Total expenses	16,920,597	13,883,507	[1]
Income from operations	5,698,612	3,060,138	[1]
Other income (expense):
Interest expense, net	(895,962)	(867,993)	[1]
Other income, net	123,960	128,897	[1]
Total other income (expense)	(772,002)	(739,096)	[1]
Income before provision for income taxes	4,926,610	2,321,042	[1]
Provision for income taxes (note 8)	1,182,918	(125,449)
Net income before redeemable non-controlling interest	3,743,692	2,446,491	[1]
Redeemable non-controlling interest	(26,336)	(125,764)	[1]
Net income attributable to redeemable non-controlling interest	26,336	125,764	[1]
Net income for the period	3,743,692	2,446,491	[1],[2]
Other comprehensive income, net of tax
Amount of Gain or (Loss) Recognized in OCI, Net of Tax, on Derivative (Effective Portion)	17,425	186,229	[1]
Net amount reclassified to earnings (note 5)		(80,620)	[1]
Other comprehensive income net of tax of $5,585 and $60,079 for the three months ended March 31, 2018 and March 31, 2017 (note 5)	17,425	105,609	[1]
Comprehensive income for the period	$ 3,761,117	$ 2,552,100	[1]
Basic earnings per common share (note 9) (in dollars per share)	$ 0.35	$ 0.23	[1]
Shares used in computing basic earnings per common share (note 9) (in shares)	10,588,718	10,474,647	[1]
Diluted earnings per common share (note 9) (in dollars per share)	$ 0.35	$ 0.23	[1]
Shares used in computing diluted earnings per common share (note 9) (in shares)	10,792,613	10,776,515	[1]
[1]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.
[2]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Consolidated Statements of Ope5

Consolidated Statements of Operations and Comprehensive Income (Unaudited) (Parentheticals) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Other comprehensive income (loss), tax	$ 5,585	$ 60,079

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018		Mar. 31, 2017	[1]
Operating activities:
Net income for the period	$ 3,743,692		$ 2,446,491	[2]
Items not involving cash:
Depreciation of property and equipment	1,232,215		756,664
Amortization of debt discount and issuance costs	69,533		67,105
Amortization of intangible assets	2,330,762		1,760,971
Change in capitalized contract costs	25,272
Deferred income taxes (recovery)	(47,034)		1,199,661
Excess tax benefits on share-based compensation expense	(143,969)		(989,332)
Amortization of deferred rent	165		4,032
Loss on disposal of domain names	37,478		9,789
Other income	(128,820)		(128,820)
Loss (gain) on change in the fair value of forward contracts	(3,093)		(17,949)
Stock-based compensation	578,182		317,820
Change in non-cash operating working capital:
Accounts receivable	(309,036)		41,721
Inventory	45,863		170,996
Prepaid expenses and deposits	(525,316)		(3,557,508)
Prepaid domain name registry and ancillary services fees	11,343,820		(5,489,422)
Income taxes recoverable	264,829		(2,660,528)
Accounts payable	2,132,453		(3,446,427)
Accrued liabilities	758,897		1,830,922
Customer deposits	(2,274,978)		(83,591)
Deferred revenue	(9,598,210)		10,240,649
Accreditation fees payable	40,078		(71,327)
Net cash provided by operating activities	9,572,783		2,401,917
Financing activities:
Proceeds received on exercise of stock options	7,201		19,869
Payment of tax obligations resulting from net exercise of stock options	(147,068)		(712,234)
Proceeds received on loan payable			86,998,000
Repayment of loan payable	(4,571,843)		(6,258,278)
Payment of loan payable costs	(4,125)		(591,175)
Net cash (used in) provided by financing activities	(4,715,835)		79,456,182
Investing activities:
Additions to property and equipment	(5,116,854)		(3,692,893)
Acquisition of a portion of the minority interest in Ting Virginia, LLC (note 4(a))	(1,200,000)		(2,000,000)
Acquisition of Enom Incorporated, net of cash (note 4(b))			(76,237,460)
Acquisition of intangible assets	(1,372)
Net cash (used in) investing activities	(6,318,226)		(81,930,353)
Decrease in cash and cash equivalents	(1,461,278)		(72,254)
Cash and cash equivalents, beginning of period	18,049,164	[3]	15,105,075
Cash and cash equivalents, end of period	16,587,886		15,032,821
Supplemental cash flow information:
Interest paid	901,344		872,645
Income taxes paid, net	1,337,123		2,342,916
Supplementary disclosure of non-cash investing and financing activities:
Property and equipment acquired during the period not yet paid for	$ 397,661		$ 250,847
[1]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.
[2]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.
[3]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Note 1 - Organization of the Co

Note 1 - Organization of the Company	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Tucows Inc. (referred to throughout this report as the “Company”, “Tucows”, “we”, “us” or through similar expressions) provides simple useful services that help people unlock the power of the Internet. The Company provides U.S. consumers and small businesses with mobile phone services nationally and high-speed fixed Internet access in selected towns. The Company is also a global distributor of Internet services, including domain name registration, digital certificates, and email. It provides these services primarily through a global Internet-based distribution network of Internet Service Providers, web hosting companies and other providers of Internet services to end-users.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 March 31, 2018 2017. 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. Other than the exception noted below, 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, 2017 2017 10 March 6, 2018 “2017 no three March 31, 2018 2017 No. 2014 09, Revenue from Contracts with Customers (Topic 606 2014 09” 3

Note 3 - Recent Accounting Pron

Note 3 - Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	3. Recent Accounting Pronouncements Adopted On January 1, 2018, No. 2017 01, Business Combinations (Topic 805 2015 16, Simplifying the Accounting for Measurement-Period Adjustments. not 2014 09 ASU 2014 09: 606 On January 1, 2018, 2014 09 2014 09 January 1, 2018. January 1, 2018 2014 09, not 605, 605 606 not not 606 605. 10. The Company previously recognized commission fees related to Ting Mobile, Ting Internet, eNom domain registration and eNom domain related value-added service contracts as selling expenses when they were incurred. Under ASU 2014 09, Under Topic 606, a) When the amortization period for costs incurred to obtain a contract with a customer is less than one b) For mobile and internet access services, where the performance obligation is part of contracts that have an original expected duration of one one not On January 1, 2018 2014 09, $1.4 $1.1 $0.3 March 31, 2018 Balances without Consolidated Balance Sheet As reported Adjustments adoption of Topic 606 Assets Contract Costs (note 11) $ 1,378,336 $ (1,378,336 ) $ - Total assets 341,360,951 $ (1,378,336 ) $ 339,982,615 Liabilities and Shareholders' Equity Deferred tax liability (note 8) $ 20,116,385 $ (346,900 ) $ 19,769,485 Retained earnings 47,418,839 (1,031,436 ) 46,387,403 Total Liabilities and Shareholders' Equity $ 341,360,951 $ (1,378,336 ) $ 339,982,615 Three months ended, March 31, 2018 Balances without Consolidated Statements of Operations and Comprehensive Income As reported Adjustments adoption of Topic 606 Expenses Sales and marketing $ 8,364,787 $ (25,272 ) $ 8,339,515 Income before provision for income taxes 4,926,610 25,272 4,951,882 Provision for income tax (note 8) 1,182,918 (6,134 ) 1,189,052 Net income for the period $ 3,743,692 $ 19,138 $ 3,762,830 Recent Accounting Pronouncements Not In February 2016, No. 2016 02, Leases (Topic 842 2016 02” 2016 02 2016 02 December 15, 2018, January 1, 2019 first 2019 2016 02

Note 4 - Acquisitions

Note 4 - Acquisitions	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Business Combination Disclosure [Text Block]	4. (a) Blue Ridge Websoft On February 27, 2015, one 70% $3.5 On February 1, 2017, 20% $2.0 On February 13, 2018, 10% $1.2 February 13, 2018 $1.2 10% (b) eNom, Incorporated On January 20, 2017, $77.8 $83.5 $5.7

Note 5 - Derivative Instruments

Note 5 - Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	5. Foreign currency forward contracts In October 2012, not one eighteen The Company has designated certain of these transactions as cash flow hedges of forecasted transactions under Accounting Standards Codification (“ASC”) Topic 815, Derivatives and Hedging 815, March 31, 2018, no As of March 31, 2018, $12.8 $11.3 December 31, 2017 nil As of March 31, 2018, Maturity date Notional amount of U.S. dollars Weighted average exchange rate of U.S. dollars Fair value April - June 2018 3,176,805 1.2919 7,737 July - September 2018 3,394,161 1.2893 7,165 October - December 2018 1,604,112 1.2873 3,421 January - March 2019 1,639,448 1.2852 3,192 April - June 2019 1,599,200 1.2831 2,788 July - September 2019 1,366,226 1.2809 1,800 $ 12,779,952 1.2875 $ 26,103 Fair value of derivative instruments and effect of derivative instruments on financial performance The effect of these derivative instruments on our consolidated financial statements were as follows (amounts presented do not Fair value of derivative instruments in the consolidated balance sheets As of March 31, 2018 As of December 31, 201 7 Derivatives Balance Sheet Fair Value Asset (Liability) Fair Value Asset (Liability) Foreign currency forward contracts designated as cash flow hedges (net) Derivative instruments $ 23,010 $ - Foreign currency forward contracts not designated as cash flow hedges (net) Derivative instruments $ 3,093 $ - Total foreign currency forward contracts (net) Derivative instruments $ 26,103 $ - Movement in Accumulated Other Comprehensive Income ("AOCI") balance for the three March 31, 2018 : Gains and losses on cash flow hedges Tax impact Total AOCI Opening AOCI balance – December 31, 2017 $ - $ - $ - Other comprehensive income (loss) before reclassifications 23,010 (5,585 ) 17,425 Amount reclassified from accumulated other comprehensive income - - - Other comprehensive income (loss) for the three months ended March 31, 2018 23,010 (5,585 ) 17,425 Ending AOCI balance – March 31, 2018 $ 23,010 $ (5,585 ) $ 17,425 Effects of derivative instruments on income and other comprehensive income (OCI) for the three March 31, 2018 and March 31, 2017 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 AOCI into Income (Effective Portion) Amount of Gain or (Loss) Reclassified from AOCI 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 $ - Operating expenses $ — Foreign currency forward contracts for the three months ended March 31, 2018 $ - Cost of revenues $ - Cost of revenues — Operating expenses $ 105,355 Operating expenses $ — Foreign currency forward contracts for the three months ended March 31, 2017 $ 105,609 Cost of revenues $ 21,128 Cost of revenues — In addition to the above, for those foreign currency forward contracts not $3,093 three March 31, 2018, $34,425 not three March 31, 2017,

Note 6 - Goodwill and Other Int

Note 6 - Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	6. 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 $90.1 March 31, 2018 ( December 31, 2017 – $90.1 98% $87.9 2% $2.2 Goodwill is not Other Intangible Assets: Intangible assets consist of acquired brand, technology, customer relationships, surname domain names, direct navigation domain names and network rights. The Company considers its intangible assets consisting of surname domain names and direct navigation domain names as indefinite life intangible assets. The Company has the exclusive right to these domain names as long as the annual renewal fees are paid to the applicable registry. Renewals occur routinely and at a nominal cost. The indefinite life intangible assets are not March 31, 2018 March 31, 2017, June 2006 Intangible assets, comprising brand, technology, customer relationships and network rights are being amortized on a straight-line basis over periods of four fifteen A summary of acquired intangible assets for the three March 31, 2018 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, 2017 $ 11,209,912 $ 1,552,354 $ 10,792,790 $ 32,185,398 $ 2,112,500 $ 561,224 $ 58,414,178 Acquisition of customer relationships - - - 1,372 - - 1,372 Additions to/(disposals from) domain portfolio, net (4,543 ) (32,935 ) - - - - (37,478 ) Amortization expense - - (450,510 ) (1,381,220 ) (487,500 ) (11,532 ) (2,330,762 ) Balances March 31, 2018 $ 11,205,369 $ 1,519,419 $ 10,342,280 $ 30,805,550 $ 1,625,000 $ 549,692 $ 56,047,310 The following table shows the estimated amortization expense in future periods, assuming no Year ending December 31, Remainder of 2018 $ 6,910,060 2019 7,334,660 2020 7,172,160 2021 7,172,160 2022 7,172,160 Thereafter 7,561,322 Total $ 43,322,522 As of March 31, 2018, $17.6

Note 7 - Loan Payable

Note 7 - Loan Payable	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Debt Disclosure [Text Block]	7. 2017 On January 20, 2017, “2017 $140 2016 $40.0 $35.5 $84.5 $84.5 4 “2016 “2016 August 18, 2016. In connection with the 2017 $0.6 The obligations of the Company under the 2017 first The 2017 four 2017 $140 ● a $5 ● a $15 ● a $35.5 ● a $84.5 Borrowings under the 2017 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 2017 four 2.50:1 September 30, 2018 2.25:1 1.20:1. $50.0 not $20 $40 not 1.5 twelve March 31, 2018, March 31, 2017, On January 24, 2018, 1.01 not $3.0 Borrowings under the 2017 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 credit facilities: March 31, 2018 December 31, 2017 Facility C 5,582,775 5,930,338 Facility D 67,598,400 71,823,300 Less: unamortized debt discount and issuance costs (764,202 ) (829,611 ) Total loan payable 72,416,973 76,924,027 Less: loan payable, current portion 18,289,853 18,289,853 Loan payable, long-term portion 54,127,120 58,634,174 The following table summarizes our scheduled principal repayments as of March 31, 2018: Remainder of 2018 13,717,390 2019 18,289,853 2020 18,103,004 2021 17,542,457 2022 4,867,757 Thereafter 660,714 $ 73,181,175 Other Credit Facilities Prior to the Company entering into the 2016 November 19, 2012, two “2012 The treasury risk management facility under the Amended Credit Facility provides for a $3.5 may not 18 March 31, 2018, $12.8 5 In Q4, 2017, may $5

Note 8 - Income Taxes

Note 8 - Income Taxes	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8. For the three March 31, 2018, $1.2 $4.9 December 31, 2018 ( 2018” $0.1 2016 09, three March 31, 2017, $0.1 $2.3 2017 $1.0 2016 09. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not not The Company recognizes accrued interest and penalties related to income taxes in income tax expense. The Company did not March 31, 2018 December 31, 2017,

Note 9 - Basic and Diluted Earn

Note 9 - Basic and Diluted Earnings Per Common Share	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Earnings Per Share [Text Block]	9. Basic earnings per common share has been calculated on the basis of net income for the period divided by the weighted average number of common shares outstanding during each year. Diluted earnings per share gives effect to all dilutive potential common shares outstanding at the end of the year assuming that they had been issued, converted or exercised at the later of the beginning of the year or their date of issuance. 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 the exercise of options. The following table reconciles the numerators and denominators of the basic and diluted earnings per common share computation: Three months ended March 31, 2018 2017 Numerator for basic and diluted earnings per common share: Net income for the period $ 3,743,692 $ 2,446,491 Denominator for basic and diluted earnings per common share: Basic weighted average number of common shares outstanding 10,588,718 10,474,647 Effect of outstanding stock options 203,895 301,868 Diluted weighted average number of shares outstanding 10,792,613 10,776,515 Basic earnings per common share $ 0.35 $ 0.23 Diluted earnings per common share $ 0.35 $ 0.23 For the three March 31, 2018, 333,300 not three March 31, 2017, 28,500 not During the three March 31, 2018 2017, no February 2018, February 2019 March 2017, March 2018.

Note 10 - Revenue

Note 10 - Revenue	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	10. Significant accounting policy The Company’s revenues are derived from (a) the provisioning of mobile and fiber Internet services; and from (b) domain name registration contracts, other domain related value-added services, domain sale contracts, and other advertising revenue. Amounts received in advance of meeting the revenue recognition criteria described below are recorded as deferred revenue. All products are generally sold without the right of return or refund. Revenue is measured based on consideration specified in a contract with a customer and excludes any sales incentives and amounts collected on behalf of third Nature of goods and ser v ices The following is a description of principal activities – separated by reportable segments – from which the Company generates its revenue. For more detailed information about reportable segments, see Note 12. (a) Network Access Services The Company generates Network Access Services revenues primarily through the provisioning of mobile services. Other sources of revenue include the provisioning of fixed high-speed Internet access as well as billing solutions to Internet Service Providers (“ISPs”). Ting wireless usage contracts grant customers access to standard talk, text and data mobile services. Ting mobile contracts are billed based on the actual amount of monthly services utilized by each customer during their billing cycle and charged to customers on a postpaid basis. Voice minutes, text messages and megabytes of data are each billed separately based on a tiered pricing program. The Company recognizes revenue for Ting mobile usage based on the actual amount of monthly services utilized by each customer. Ting fixed Internet access contracts provide customers Internet access at their home or business through the installation and use of our fiber optic network. Fixed Internet contracts are generally prepaid and grant customers with unlimited bandwidth based on a fixed price per month basis. Because consideration is collected before the service period, revenue is initially deferred and recognized as the Company performs its obligation to provide Internet access. Though the Company does not Both Ting mobile and fixed Internet access services are primarily contracted through the Ting website, for one no not Our Roam Mobility brand also offers standard talk, text and data mobile services. Roam customers prepay for their usage through the Roam Mobility website. When prepayments are received the amount is deferred, and subsequently recognized as the Company satisfies its obligation to provide mobile services. In addition, revenues associated with the sale of SIM cards are recognized when title and risk of loss is transferred to the subscriber and shipment has occurred. Incentive marketing credits given to customers are recorded as a reduction of revenue. In those cases, where payment is not not (b) Domain Services Domain registration contracts, which can be purchased for terms of one ten Domain related value-added services like digital certifications, WHOIS privacy and hosted email provide our resellers and retail registrant customers tools and additional functionality to be used in conjunction with domain registrations. All domain related value-added services are considered distinct performance obligations which transfer the promised service to the customer over the contracted term. Fees charged to customers for domain related value-added services are collected at the inception of the contract, and revenue is recognized on a straight-line basis over the contracted term, consistent with the satisfaction of the performance obligations. The Company is an ICANN accredited registrar. Thus, the Company is the primary obligor with our reseller and retail registrant customers and is responsible for the fulfillment of our registrar services to those parties. As a result, the Company reports revenue in the amount of the fees we receive directly from our reseller and retail registrant customers. Our reseller customers maintain the primary obligor relationship with their retail customers, establish pricing and retain credit risk to those customers. Accordingly, the Company does not The Company also sells the rights to the Company’s portfolio domains or names acquired through the Company’s domain expiry stream. Revenue generated from sale of domain name contracts, containing a distinct performance obligation to transfer the domain name rights under the Company’s control, is generally recognized once the rights have been transferred and payment has been received in full. Advertising revenue is derived through domain parking monetization, whereby the Company contracts with third no Disaggregation of Revenue The following is a summary of the Company’s revenue earned from each significant revenue stream: Three months ended March 31, 2018 2017 Network Access Services: Mobile Services $ 21,872,109 $ 17,962,868 Other Services 1,736,116 1,286,917 Total Network Access Services 23,608,225 19,249,785 Domain Services: Wholesale Domain Services 58,427,707 39,091,817 Value Added Services 4,434,572 3,907,889 Total Wholesale 62,862,279 42,999,706 Retail 8,436,563 6,401,703 Portfolio 888,624 916,868 Total Domain Services 72,187,466 50,318,277 $ 95,795,691 $ 69,568,062 During the three March 31, 2018, one 18% three March 31, 2017, no 10% March 31, 2018 December 31, 2017, no 10% The following is a summary of the Company’s cost of revenue from each significant revenue stream: Three months ended March 31, 2018 2017 Network Access Services: Mobile Services $ 11,265,767 $ 9,567,160 Other Services 940,751 825,256 Total Network Access Services 12,206,518 10,392,416 Domain Services: Wholesale Domain Services 51,314,038 34,462,926 Value Added Services 857,268 575,923 Total Wholesale 52,171,306 35,038,849 Retail 4,409,742 3,617,402 Portfolio 184,654 262,045 Total Domain Services 56,765,702 38,918,296 Network Expenses: Network, other costs 2,574,087 2,343,196 Network, depreciation and amortization costs 1,630,175 970,509 4,204,262 3,313,705 $ 73,176,482 $ 52,624,417 Contract Balances The following table provides information about contract liabilities (deferred revenue) from contracts with customers. The Company accounts for contract assets and liabilities on a contract-by-contract basis, with each contract presented as either a net contract asset or a net contract liability accordingly. Given that Company’s long-term contracts with customers are billed in advance of service, the Company’s contract liabilities relate to amounts recorded as deferred revenues. The Company does not not Deferred revenue primarily relates to the portion of the transaction price received in advance related to the unexpired term of domain name registrations and other domain related value-added services, on both a wholesale and retail basis, net of external commissions. The opening balance of deferred revenue was $160.6 Jan 1, 2018. March 31, 2018 Balance, beginning of period $ 160,581,528 Deferral of revenue 60,370,051 Recognition of revenue 1 (69,968,261 ) Balance, end of period $ 150,983,318 1 2.65 January 5th, 2018, three March 31, 2018 $14.6 Remaining Performance Obligations : As the Company fulfills its performance obligations, the following table includes revenues expected to be recognized in the future related performance obligations that are unsatisfied (or partially unsatisfied) as at March 31, 2018: March 31, 2018 Remainder of 2018 $ 108,710,643 2019 24,366,389 2020 7,116,720 2021 4,010,109 2022 2,561,121 Thereafter 3,658,053 Total $ 150,423,035 For mobile and internet access services, where the performance obligation is part of contracts that have an original expected duration of one one not

Note 11 - Contract Costs

Note 11 - Contract Costs	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Capitalized Contract Costs [Text Block]	11. We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the period of benefit of those costs to be longer than one $1.4 March 31, 2018. Capitalized contract acquisition costs are amortized into operating expense based on the transfer of goods or services to which the assets relate which typically range 2 10 March 31, 2018, $195,408 $220,680 $25,272 no three March 31, 2018. three March 31, 2018 March 31, 2018 Balance, beginning of period (1) $ 1,403,608 Capitalization of costs 195,408 Amortization of costs (220,680 ) Balance, end of period $ 1,378,336 ( 1 January 1 st 2018 2014 09. 3 When the amortization period for costs incurred to obtain a contract with a customer is less than one

Note 12 - Segment Reporting

Note 12 - Segment Reporting	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	1 2 . Segment reporting: (a) We are organized and managed based on two 1. 2. The Chief Executive Officer (the “CEO”) is the chief operating decision maker and regularly reviews the operations and performance by segment. The CEO reviews gross profit as (a) key measure of performance for each segment and (b) 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, gain on currency forward contracts and other expense net are organized along functional lines and are not not 2, 3 10 Information by operating segments (with the exception of disaggregated revenue, which is contained in Note 10 Network Access Services Domain Services Consolidated Totals Three months ended March 31, 2018 Net Revenues $ 23,608,225 $ 72,187,466 $ 95,795,691 Cost of revenues Cost of revenues 12,206,518 56,765,702 68,972,220 Network expenses 490,215 2,083,872 2,574,087 Depreciation of property and equipment 833,060 298,083 1,131,143 Amortization of intangible assets 11,532 487,500 499,032 Total cost of revenues 13,541,325 59,635,157 73,176,482 Gross Profit 10,066,900 12,552,309 22,619,209 Expenses: Sales and marketing 8,364,787 Technical operations and development 2,094,689 General and administrative 4,531,412 Depreciation of property and equipment 101,072 Amortization of intangible assets 1,831,730 Loss (gain) on currency forward contracts (3,093 ) Income from operations 5,698,612 Other income (expenses), net (772,002 ) Income before provision for income taxes $ 4,926,610 Network Access Services Domain Services Consolidated Totals Three months ended March 31, 2017 Net Revenues $ 19,249,785 $ 50,318,277 $ 69,568,062 Cost of revenues Cost of revenues 10,392,416 38,918,296 49,310,712 Network expenses 541,963 1,801,233 2,343,196 Depreciation of property and equipment 426,078 164,269 590,347 Amortization of intangible assets 11,532 368,630 380,162 Total cost of revenues 11,371,989 41,252,428 52,624,417 Gross Profit 7,877,796 9,065,849 16,943,645 Expenses: Sales and marketing 7,219,322 Technical operations and development 1,694,141 General and administrative 3,457,343 Depreciation of property and equipment 166,317 Amortization of intangible assets 1,380,809 Loss (gain) on currency forward contracts (34,425 ) Income from operations 3,060,138 Other income (expenses), net (739,096 ) Income before provision for income taxes $ 2,321,042 (b) The following is a summary of the Company’s property and equipment by geographic region: March 31, 2018 December 31, 2017 Canada $ 1,555,813 $ 1,176,371 United States 27,107,392 23,417,435 Germany 25,557 26,492 $ 28,688,762 $ 24,620,298 (c) The following is a summary of the Company’s amortizable intangible assets by geographic region: March 31, 2018 December 31, 2017 Canada $ 7,414,822 $ 7,748,940 United States 35,839,260 37,783,202 Germany 68,440 119,770 $ 43,322,522 $ 45,651,912 (d) Valuation and qualifying accounts: Allowance for doubtful accounts excluding provision for credit notes Balance at beginning of period Charged to costs and expenses Write-offs during period Balance at end of period Three months ended March 31, 2018 $ 168,409 $ 1,011 $ - $ 169,420 Year ended December 31, 2017 $ 164,145 $ 4,264 $ - $ 168,409

Note 13 - Stockholders' Equity

Note 13 - Stockholders' Equity	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	1 3 . Stockholders’ Equity: The following unaudited table summarizes stockholders' equity transactions for the three March 31, 2018: Accumulated Additional Retained other Total Common stock paid in earnings comprehensive stockholders' Number Amount capital (deficit) income (loss) equity Balances, December 31, 2017 10,583,879 $ 15,368,161 $ 2,166,768 $ 42,675,805 $ - $ 60,210,734 Impact of Adoption of ASU 2014-09 - - - 1,062,952 - 1,062,952 Balance on January 1, 2018 10,583,879 15,368,161 2,166,768 43,738,757 - 61,273,686 Exercise of stock options 12,563 57,943 (50,742 ) - - 7,201 Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration (4,327 ) (147,068 ) - - (147,068 ) Stock-based compensation (note 15) - - 578,182 - - 578,182 Net income - - - 3,743,692 - 3,743,692 Accretion of redeemable non-controlling interest in Ting Virginia, LLC. - - - (63,610 ) - (63,610 ) Other comprehensive income (loss) - - - - 17,425 17,425 Balances, March 31, 2018 10,592,115 $ 15,426,104 $ 2,547,140 $ 47,418,839 $ 17,425 $ 65,409,508 On February 14, 2018, $40 February 14, 2018 February 13, 2019. three March 31, 2018, not On March 1, 2017, $40 March 1, 2017 February 14, 2018. three March 31, 2018, not On February 9, 2016, $40 February 10, 2016 February 9, 2017. three March 31, 2017, not

Note 14 - Share-based Payments

Note 14 - Share-based Payments	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	1 4 . Share-based payments Stock options The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model. 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 Tucows Inc. common shares at the date of grant. Details of stock option transactions for the three March 31, 2018 March 31, 2017 Three months ended March 31, Three months ended March 31, 2018 2017 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period 653,571 $ 36.69 474,501 $ 12.67 Granted 11,000 58.52 32,875 40.56 Exercised (12,563 ) 7.79 (68,876 ) 7.83 Forfeited (17,125 ) 42.54 (7,889 ) 18.46 Expired - - - - Outstanding, end of period 634,883 37.48 430,611 15.46 Options exercisable, end of period 245,933 $ 16.62 264,753 $ 10.72 As of March 31, 2018, 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 81,695 $ 6.81 0.7 $ 4,018,538 81,695 $ 6.81 0.7 $ 4,018,538 $10.16 - $19.95 117,013 16.31 2.5 4,644,246 90,613 15.93 2.3 3,631,248 $21.10 - $27.53 75,000 23.67 3.1 2,424,562 55,000 24.61 2.8 1,726,562 $35.25 - $37.35 14,375 35.89 4.4 289,094 10,625 36.11 4.2 211,281 $43.15 - $47.00 18,500 44.19 5.1 218,475 8,000 43.75 5.1 97,988 $53.20 - $58.65 328,300 55.51 5.4 188,055 - - - - 634,883 $ 37.48 4.0 $ 11,782,970 245,933 $ 16.62 2.0 $ 9,685,617 Total unrecognized compensation cost relating to unvested stock options at March 31, 2018, $5.8 2.8 The Company recorded stock-based compensation of $0.6 three March 31, 2018 $0.3 three March 31, 2017, The Company has not

Note 15 - Fair Value Measuremen

Note 15 - Fair Value Measurement	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Fair Value Disclosures [Text Block]	1 5 . Fair value measurement: For financial assets and liabilities recorded in our financial statements at fair value we utilize a valuation hierarchy for disclosure of the inputs to valuation used to measure fair value. This hierarchy prioritizes the inputs into 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 March 31, 2018: March 31, 2018 Fair Value Measurement Using Assets (Liabilities) Level 1 Level 2 Level 3 at Fair value Derivative instrument asset $ - $ 26,103 $ - $ 26,103 Derivative instrument liability $ - $ - $ - $ - 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, 2017: December 31, 2017 Fair Value Measurement Using Assets (Liabilities) Level 1 Level 2 Level 3 at Fair value Derivative instrument asset $ - $ - $ - $ - Derivative instrument liability $ - $ - $ - $ -

Note 16 - Contingencies

Note 16 - Contingencies	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	16. On August 30, 2017, October 10, 2017. 2.65 November 15, 2017, one January 5, 2018 January 8, 2018 January 16, 2018. not The Company has other 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 March 31, 2018 not

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	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 March 31, 2018 March 31, 2018 2017. 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. Other than the exception noted below, 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, 2017 2017 10 March 6, 2018 “2017 no three March 31, 2018 2017 No. 2014 09, Revenue from Contracts with Customers (Topic 606 2014 09” 3

Note 3 - Recent Accounting Pr24

Note 3 - Recent Accounting Pronouncements (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	March 31, 2018 Balances without Consolidated Balance Sheet As reported Adjustments adoption of Topic 606 Assets Contract Costs (note 11) $ 1,378,336 $ (1,378,336 ) $ - Total assets 341,360,951 $ (1,378,336 ) $ 339,982,615 Liabilities and Shareholders' Equity Deferred tax liability (note 8) $ 20,116,385 $ (346,900 ) $ 19,769,485 Retained earnings 47,418,839 (1,031,436 ) 46,387,403 Total Liabilities and Shareholders' Equity $ 341,360,951 $ (1,378,336 ) $ 339,982,615 Three months ended, March 31, 2018 Balances without Consolidated Statements of Operations and Comprehensive Income As reported Adjustments adoption of Topic 606 Expenses Sales and marketing $ 8,364,787 $ (25,272 ) $ 8,339,515 Income before provision for income taxes 4,926,610 25,272 4,951,882 Provision for income tax (note 8) 1,182,918 (6,134 ) 1,189,052 Net income for the period $ 3,743,692 $ 19,138 $ 3,762,830

Note 5 - Derivative Instrumen25

Note 5 - Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2018
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 April - June 2018 3,176,805 1.2919 7,737 July - September 2018 3,394,161 1.2893 7,165 October - December 2018 1,604,112 1.2873 3,421 January - March 2019 1,639,448 1.2852 3,192 April - June 2019 1,599,200 1.2831 2,788 July - September 2019 1,366,226 1.2809 1,800 $ 12,779,952 1.2875 $ 26,103
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	As of March 31, 2018 As of December 31, 201 7 Derivatives Balance Sheet Fair Value Asset (Liability) Fair Value Asset (Liability) Foreign currency forward contracts designated as cash flow hedges (net) Derivative instruments $ 23,010 $ - Foreign currency forward contracts not designated as cash flow hedges (net) Derivative instruments $ 3,093 $ - Total foreign currency forward contracts (net) Derivative instruments $ 26,103 $ -
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Gains and losses on cash flow hedges Tax impact Total AOCI Opening AOCI balance – December 31, 2017 $ - $ - $ - Other comprehensive income (loss) before reclassifications 23,010 (5,585 ) 17,425 Amount reclassified from accumulated other comprehensive income - - - Other comprehensive income (loss) for the three months ended March 31, 2018 23,010 (5,585 ) 17,425 Ending AOCI balance – March 31, 2018 $ 23,010 $ (5,585 ) $ 17,425
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 AOCI into Income (Effective Portion) Amount of Gain or (Loss) Reclassified from AOCI 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 $ - Operating expenses $ — Foreign currency forward contracts for the three months ended March 31, 2018 $ - Cost of revenues $ - Cost of revenues — Operating expenses $ 105,355 Operating expenses $ — Foreign currency forward contracts for the three months ended March 31, 2017 $ 105,609 Cost of revenues $ 21,128 Cost of revenues —

Note 6 - Goodwill and Other I26

Note 6 - Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2018
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 December 31, 2017 $ 11,209,912 $ 1,552,354 $ 10,792,790 $ 32,185,398 $ 2,112,500 $ 561,224 $ 58,414,178 Acquisition of customer relationships - - - 1,372 - - 1,372 Additions to/(disposals from) domain portfolio, net (4,543 ) (32,935 ) - - - - (37,478 ) Amortization expense - - (450,510 ) (1,381,220 ) (487,500 ) (11,532 ) (2,330,762 ) Balances March 31, 2018 $ 11,205,369 $ 1,519,419 $ 10,342,280 $ 30,805,550 $ 1,625,000 $ 549,692 $ 56,047,310
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Year ending December 31, Remainder of 2018 $ 6,910,060 2019 7,334,660 2020 7,172,160 2021 7,172,160 2022 7,172,160 Thereafter 7,561,322 Total $ 43,322,522

Note 7 - Loan Payable (Tables)

Note 7 - Loan Payable (Tables)	3 Months Ended
	Mar. 31, 2018
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]	March 31, 2018 December 31, 2017 Facility C 5,582,775 5,930,338 Facility D 67,598,400 71,823,300 Less: unamortized debt discount and issuance costs (764,202 ) (829,611 ) Total loan payable 72,416,973 76,924,027 Less: loan payable, current portion 18,289,853 18,289,853 Loan payable, long-term portion 54,127,120 58,634,174
Schedule of Maturities of Long-term Debt [Table Text Block]	Remainder of 2018 13,717,390 2019 18,289,853 2020 18,103,004 2021 17,542,457 2022 4,867,757 Thereafter 660,714 $ 73,181,175

Note 9 - Basic and Diluted Ea28

Note 9 - Basic and Diluted Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended March 31, 2018 2017 Numerator for basic and diluted earnings per common share: Net income for the period $ 3,743,692 $ 2,446,491 Denominator for basic and diluted earnings per common share: Basic weighted average number of common shares outstanding 10,588,718 10,474,647 Effect of outstanding stock options 203,895 301,868 Diluted weighted average number of shares outstanding 10,792,613 10,776,515 Basic earnings per common share $ 0.35 $ 0.23 Diluted earnings per common share $ 0.35 $ 0.23

Note 10 - Revenue (Tables)

Note 10 - Revenue (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three months ended March 31, 2018 2017 Network Access Services: Mobile Services $ 21,872,109 $ 17,962,868 Other Services 1,736,116 1,286,917 Total Network Access Services 23,608,225 19,249,785 Domain Services: Wholesale Domain Services 58,427,707 39,091,817 Value Added Services 4,434,572 3,907,889 Total Wholesale 62,862,279 42,999,706 Retail 8,436,563 6,401,703 Portfolio 888,624 916,868 Total Domain Services 72,187,466 50,318,277 $ 95,795,691 $ 69,568,062
Schedule of Cost of Revenues by Revenue Stream [Table Text Block]	Three months ended March 31, 2018 2017 Network Access Services: Mobile Services $ 11,265,767 $ 9,567,160 Other Services 940,751 825,256 Total Network Access Services 12,206,518 10,392,416 Domain Services: Wholesale Domain Services 51,314,038 34,462,926 Value Added Services 857,268 575,923 Total Wholesale 52,171,306 35,038,849 Retail 4,409,742 3,617,402 Portfolio 184,654 262,045 Total Domain Services 56,765,702 38,918,296 Network Expenses: Network, other costs 2,574,087 2,343,196 Network, depreciation and amortization costs 1,630,175 970,509 4,204,262 3,313,705 $ 73,176,482 $ 52,624,417
Contract with Customer, Asset and Liability [Table Text Block]	March 31, 2018 Balance, beginning of period $ 160,581,528 Deferral of revenue 60,370,051 Recognition of revenue 1 (69,968,261 ) Balance, end of period $ 150,983,318
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	March 31, 2018 Remainder of 2018 $ 108,710,643 2019 24,366,389 2020 7,116,720 2021 4,010,109 2022 2,561,121 Thereafter 3,658,053 Total $ 150,423,035

Note 11 - Contract Costs (Table

Note 11 - Contract Costs (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Tables
Capitalized Contract Cost [Table Text Block]	March 31, 2018 Balance, beginning of period (1) $ 1,403,608 Capitalization of costs 195,408 Amortization of costs (220,680 ) Balance, end of period $ 1,378,336

Note 12 - Segment Reporting (Ta

Note 12 - Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Tables
Condensed Income Statement [Table Text Block]	Network Access Services Domain Services Consolidated Totals Three months ended March 31, 2018 Net Revenues $ 23,608,225 $ 72,187,466 $ 95,795,691 Cost of revenues Cost of revenues 12,206,518 56,765,702 68,972,220 Network expenses 490,215 2,083,872 2,574,087 Depreciation of property and equipment 833,060 298,083 1,131,143 Amortization of intangible assets 11,532 487,500 499,032 Total cost of revenues 13,541,325 59,635,157 73,176,482 Gross Profit 10,066,900 12,552,309 22,619,209 Expenses: Sales and marketing 8,364,787 Technical operations and development 2,094,689 General and administrative 4,531,412 Depreciation of property and equipment 101,072 Amortization of intangible assets 1,831,730 Loss (gain) on currency forward contracts (3,093 ) Income from operations 5,698,612 Other income (expenses), net (772,002 ) Income before provision for income taxes $ 4,926,610 Network Access Services Domain Services Consolidated Totals Three months ended March 31, 2017 Net Revenues $ 19,249,785 $ 50,318,277 $ 69,568,062 Cost of revenues Cost of revenues 10,392,416 38,918,296 49,310,712 Network expenses 541,963 1,801,233 2,343,196 Depreciation of property and equipment 426,078 164,269 590,347 Amortization of intangible assets 11,532 368,630 380,162 Total cost of revenues 11,371,989 41,252,428 52,624,417 Gross Profit 7,877,796 9,065,849 16,943,645 Expenses: Sales and marketing 7,219,322 Technical operations and development 1,694,141 General and administrative 3,457,343 Depreciation of property and equipment 166,317 Amortization of intangible assets 1,380,809 Loss (gain) on currency forward contracts (34,425 ) Income from operations 3,060,138 Other income (expenses), net (739,096 ) Income before provision for income taxes $ 2,321,042
Schedule of Property Plant and Equipment by Geographic Region [Table Text Block]	March 31, 2018 December 31, 2017 Canada $ 1,555,813 $ 1,176,371 United States 27,107,392 23,417,435 Germany 25,557 26,492 $ 28,688,762 $ 24,620,298
Schedule of Acquired Intangible Assets by Major Class [Table Text Block]	March 31, 2018 December 31, 2017 Canada $ 7,414,822 $ 7,748,940 United States 35,839,260 37,783,202 Germany 68,440 119,770 $ 43,322,522 $ 45,651,912
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 costs and expenses Write-offs during period Balance at end of period Three months ended March 31, 2018 $ 168,409 $ 1,011 $ - $ 169,420 Year ended December 31, 2017 $ 164,145 $ 4,264 $ - $ 168,409

Note 13 - Stockholders' Equity

Note 13 - Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2018
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, December 31, 2017 10,583,879 $ 15,368,161 $ 2,166,768 $ 42,675,805 $ - $ 60,210,734 Impact of Adoption of ASU 2014-09 - - - 1,062,952 - 1,062,952 Balance on January 1, 2018 10,583,879 15,368,161 2,166,768 43,738,757 - 61,273,686 Exercise of stock options 12,563 57,943 (50,742 ) - - 7,201 Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration (4,327 ) (147,068 ) - - (147,068 ) Stock-based compensation (note 15) - - 578,182 - - 578,182 Net income - - - 3,743,692 - 3,743,692 Accretion of redeemable non-controlling interest in Ting Virginia, LLC. - - - (63,610 ) - (63,610 ) Other comprehensive income (loss) - - - - 17,425 17,425 Balances, March 31, 2018 10,592,115 $ 15,426,104 $ 2,547,140 $ 47,418,839 $ 17,425 $ 65,409,508

Note 14 - Share-based Payments

Note 14 - Share-based Payments (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Tables
Share-based Compensation, Stock Options, Activity [Table Text Block]	Three months ended March 31, Three months ended March 31, 2018 2017 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period 653,571 $ 36.69 474,501 $ 12.67 Granted 11,000 58.52 32,875 40.56 Exercised (12,563 ) 7.79 (68,876 ) 7.83 Forfeited (17,125 ) 42.54 (7,889 ) 18.46 Expired - - - - Outstanding, end of period 634,883 37.48 430,611 15.46 Options exercisable, end of period 245,933 $ 16.62 264,753 $ 10.72
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 81,695 $ 6.81 0.7 $ 4,018,538 81,695 $ 6.81 0.7 $ 4,018,538 $10.16 - $19.95 117,013 16.31 2.5 4,644,246 90,613 15.93 2.3 3,631,248 $21.10 - $27.53 75,000 23.67 3.1 2,424,562 55,000 24.61 2.8 1,726,562 $35.25 - $37.35 14,375 35.89 4.4 289,094 10,625 36.11 4.2 211,281 $43.15 - $47.00 18,500 44.19 5.1 218,475 8,000 43.75 5.1 97,988 $53.20 - $58.65 328,300 55.51 5.4 188,055 - - - - 634,883 $ 37.48 4.0 $ 11,782,970 245,933 $ 16.62 2.0 $ 9,685,617

Note 15 - Fair Value Measurem34

Note 15 - Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	March 31, 2018 Fair Value Measurement Using Assets (Liabilities) Level 1 Level 2 Level 3 at Fair value Derivative instrument asset $ - $ 26,103 $ - $ 26,103 Derivative instrument liability $ - $ - $ - $ - December 31, 2017 Fair Value Measurement Using Assets (Liabilities) Level 1 Level 2 Level 3 at Fair value Derivative instrument asset $ - $ - $ - $ - Derivative instrument liability $ - $ - $ - $ -

Note 3 - Recent Accounting Pr35

Note 3 - Recent Accounting Pronouncements (Details Textual) - USD ($)	Mar. 31, 2018	Jan. 01, 2018	Dec. 31, 2017
Capitalized Contract Cost, Net, Total	$ 1,378,336	$ 1,400,000	$ 1,403,608	[1]
Retained Earnings (Accumulated Deficit), Ending Balance	47,418,839		42,675,805	[2]
Deferred Tax Liabilities, Net, Noncurrent	20,116,385		$ 19,833,678	[2]
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Accounting Standards Update 2014-09 [Member]
Capitalized Contract Cost, Net, Total	(1,378,336)
Retained Earnings (Accumulated Deficit), Ending Balance	(1,031,436)	(1,100,000)
Deferred Tax Liabilities, Net, Noncurrent	$ (346,900)	$ (300,000)
[1]	The beginning balance consists entirely of a cumulative adjustment recorded on January 1st, 2018 as a result of the modified retrospective adoption of ASU 2014-09. See note 3 for additional information.
[2]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Note 3 - Recent Accounting Pr36

Note 3 - Recent Accounting Pronouncements - Impact of Changes to Financial Statements (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017		Jan. 01, 2018	Dec. 31, 2017
Assets
Contract costs (note 11)	$ 1,378,336			$ 1,400,000	$ 1,403,608	[1]
Total assets	341,360,951				350,650,335	[2]
Liabilities and Shareholders' Equity
Deferred tax liability (note 8)	20,116,385				19,833,678	[2]
Retained earnings	47,418,839				42,675,805	[2]
Total Liabilities and Shareholders' Equity	341,360,951				$ 350,650,335	[2]
Sales and marketing	8,364,787	$ 7,219,322	[3]
Income before provision for income taxes	4,926,610	2,321,042	[3]
Provision for income taxes (note 8)	1,182,918	(125,449)
Net income for the period	3,743,692	$ 2,446,491	[3],[4]
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Accounting Standards Update 2014-09 [Member]
Assets
Contract costs (note 11)	(1,378,336)
Total assets	(1,378,336)
Liabilities and Shareholders' Equity
Deferred tax liability (note 8)	(346,900)			(300,000)
Retained earnings	(1,031,436)			$ (1,100,000)
Total Liabilities and Shareholders' Equity	(1,378,336)
Sales and marketing	(25,272)
Income before provision for income taxes	25,272
Provision for income taxes (note 8)	(6,134)
Net income for the period	19,138
Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Assets
Contract costs (note 11)
Total assets	339,982,615
Liabilities and Shareholders' Equity
Deferred tax liability (note 8)	19,769,485
Retained earnings	46,387,403
Total Liabilities and Shareholders' Equity	339,982,615
Sales and marketing	8,339,515
Income before provision for income taxes	4,951,882
Provision for income taxes (note 8)	1,189,052
Net income for the period	$ 3,762,830
[1]	The beginning balance consists entirely of a cumulative adjustment recorded on January 1st, 2018 as a result of the modified retrospective adoption of ASU 2014-09. See note 3 for additional information.
[2]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.
[3]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.
[4]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Note 4 - Acquisitions (Details

Note 4 - Acquisitions (Details Textual) - USD ($) $ in Millions	Feb. 13, 2018	Feb. 01, 2017	Jan. 20, 2017	Feb. 27, 2015
Ting Virginia LLC [Member]
Business Combination, Consideration Transferred, Total	$ 1.2
Payments for Repurchase of Redeemable Noncontrolling Interest	$ 1.2
Repurchase of Redeemable Noncontrolling Interest, Percentage	10.00%
Ting Virginia LLC [Member]
Business Acquisition, Percentage of Voting Interests Acquired		20.00%		70.00%
Business Combination, Consideration Transferred, Total		$ 2		$ 3.5
Ting Virginia LLC [Member] | Exercisable by the Minority Shareholders [Member]
Business Combination, Interest Subject to Call Option, Not Exercised in Period		10.00%
eNom, Incorporated [Member]
Business Combination, Consideration Transferred, Total			$ 77.8
Payments to Acquire Businesses, Gross			83.5
Business Combination, Consideration Transferred, Estimated Price Adjusments			$ 5.7

Note 5 - Derivative Instrumen38

Note 5 - Derivative Instruments and Hedging Activities (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Derivative, Notional Amount	$ 12,779,952
Foreign Exchange Forward [Member]
Derivative, Notional Amount	12,800,000		$ 0
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	3,093	$ 34,425
Foreign Exchange Forward [Member] | Designated as Hedging Instrument [Member]
Derivative, Notional Amount	$ 11,300,000

Note 5 - Derivative Instrumen39

Note 5 - Derivative Instruments and Hedging Activities - Foreign Currency Forward Contracts (Details)	Mar. 31, 2018USD ($)
Notional amount of U.S. dollars	$ 12,779,952
Weighted average exchange rate of U.S. dollars	1.2875
Fair value	$ 26,103
Foreign Exchange Forward 1 [Member]
Notional amount of U.S. dollars	$ 3,176,805
Weighted average exchange rate of U.S. dollars	1.2919
Fair value	$ 7,737
Foreign Exchange Forward 2 [Member]
Notional amount of U.S. dollars	$ 3,394,161
Weighted average exchange rate of U.S. dollars	1.2893
Fair value	$ 7,165
Foreign Exchange Forward 3 [Member]
Notional amount of U.S. dollars	$ 1,604,112
Weighted average exchange rate of U.S. dollars	1.2873
Fair value	$ 3,421
Foreign Exchange Forward 4 [Member]
Notional amount of U.S. dollars	$ 1,639,448
Weighted average exchange rate of U.S. dollars	1.2852
Fair value	$ 3,192
Foreign Exchange Forward 5 [Member]
Notional amount of U.S. dollars	$ 1,599,200
Weighted average exchange rate of U.S. dollars	1.2831
Fair value	$ 2,788
Foreign Exchange Forward 6 [Member]
Notional amount of U.S. dollars	$ 1,366,226
Weighted average exchange rate of U.S. dollars	1.2809
Fair value	$ 1,800

Note 5 - Derivative Instrumen40

Note 5 - Derivative Instruments and Hedging Activities - Fair Value of Derivative Instruments in the Consolidated Balance Sheets (Details) - Derivative Instruments [Member] - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Foreign currency forward contracts	$ 26,103
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Foreign currency forward contracts	23,010
Not Designated as Hedging Instrument [Member]
Foreign currency forward contracts	$ 3,093

Note 5 - Derivative Instrumen41

Note 5 - Derivative Instruments and Hedging Activities - Movement in AOCI Balance (Details) - USD ($)		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	[2]
AOCI balance, Gains and losses on cash flow hedges
Other comprehensive income (loss) before reclassifications, Gains and losses on cash flow hedges		23,010
Amount reclassified from accumulated other comprehensive income, Gains and losses on cash flow hedges
Other comprehensive income (loss) for the three months ended March 31, 2018		23,010
AOCI balance, Gains and losses on cash flow hedges		23,010
AOCI balance, Tax impact
Other comprehensive income (loss) before reclassifications, Tax impact		(5,585)
Amount reclassified from accumulated other comprehensive income, Tax impact
Other comprehensive income (loss) for the three months ended March 31, 2018		(5,585)
AOCI balance, Tax impact		(5,585)
AOCI balance	[1]
Other comprehensive income (loss) before reclassifications		17,425	$ 186,229
Amount reclassified from accumulated other comprehensive income			$ (80,620)
Other comprehensive income (loss) for the three months ended March 31, 2018		17,425
AOCI balance		$ 17,425
[1]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.
[2]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Note 5 - Derivative Instrumen42

Note 5 - Derivative Instruments and Hedging Activities - Effects of Derivative Instruments on Income and Other Comprehensive Income (OCI) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Amount of Gain or (Loss) Recognized in OCI, Net of Tax, on Derivative (Effective Portion)	$ 17,425	$ 186,229	[1]
Operating Expense [Member]
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		105,355
Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Cost of Sales [Member]
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		21,128
Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Amount of Gain or (Loss) Recognized in OCI, Net of Tax, on Derivative (Effective Portion)		$ 105,609
[1]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Note 6 - Goodwill and Other I43

Note 6 - Goodwill and Other Intangible Assets (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Goodwill, Ending Balance	$ 90,053,483	$ 90,053,483
Finite-Lived Intangible Assets, Accumulated Amortization	$ 17,600,000
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	4 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	15 years
Domain Services Operating Segment [Member]
Goodwill, Ending Balance	$ 87,900,000
Goodwill Percentage Related to Operating Segments	98.00%
Network Access Services [Member]
Goodwill, Ending Balance	$ 2,200,000
Goodwill Percentage Related to Operating Segments	2.00%

Note 6 - Goodwill and Other I44

Note 6 - Goodwill and Other Intangible Assets - Acquired Intangible Assets by Major Class (Details) - USD ($)		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	[2]
Balances	[1]	$ 58,414,178
Finite-lived intangible assets acquired		1,372
Additions to/(disposals from) domain portfolio, net		(37,478)	$ (9,789)
Amortization expense		(2,330,762)	$ (1,760,971)
Balances		56,047,310
Brand [Member]
Balances		10,792,790
Finite-lived intangible assets acquired
Additions to/(disposals from) domain portfolio, net
Amortization expense		(450,510)
Balances		10,342,280
Customer Relationships [Member]
Balances		32,185,398
Finite-lived intangible assets acquired		1,372
Additions to/(disposals from) domain portfolio, net
Amortization expense		(1,381,220)
Balances		30,805,550
Technology-Based Intangible Assets [Member]
Balances		2,112,500
Finite-lived intangible assets acquired
Additions to/(disposals from) domain portfolio, net
Amortization expense		(487,500)
Balances		1,625,000
Network Rights [Member]
Balances		561,224
Finite-lived intangible assets acquired
Additions to/(disposals from) domain portfolio, net
Amortization expense		(11,532)
Balances		549,692
Surname Domain Names [Member]
Balances		11,209,912
Finite-lived intangible assets acquired
Additions to/(disposals from) domain portfolio, net		(4,543)
Amortization expense
Balances		11,205,369
Direct Navigation Domain Names [Member]
Balances		1,552,354
Finite-lived intangible assets acquired
Additions to/(disposals from) domain portfolio, net		(32,935)
Amortization expense
Balances		$ 1,519,419
[1]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.
[2]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Note 6 - Goodwill and Other I45

Note 6 - Goodwill and Other Intangible Assets - Estimated Future Amortization Expense of Intangible Assets (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Remainder of 2018	$ 6,910,060
2,019	7,334,660
2,020	7,172,160
2,021	7,172,160
2,022	7,172,160
Thereafter	7,561,322
Total	$ 43,322,522	$ 45,651,912

Note 7 - Loan Payable (Details

Note 7 - Loan Payable (Details Textual)	Jan. 20, 2017USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	[1]	Oct. 01, 2018	Sep. 30, 2018	Jan. 24, 2018USD ($)	Jan. 19, 2017USD ($)
Payments of Financing Costs, Total	$ 600,000	$ 4,125	$ 591,175
Foreign Exchange Risk [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 3,500,000
Line of Credit Facility Covenant Period		1 year 180 days
Derivative Asset, Fair Value, Gross Asset, Total		$ 12,800,000
Second Interim Amendment [Member]
Credit Agreement, Maximum Aggregate Amount Held in Account With Certain Bank							$ 3,000,000
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
Repayment Obligation, Percentage of Excess Cash Flow	50.00%
Minimum Fixed Charge Coverage Ratio		1.2
Maximum Annual Capital Expenditures Requirement		$ 50,000,000
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
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
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, Total	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		$ 5,000,000
[1]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Note 7 - Loan Payable - Schedul

Note 7 - Loan Payable - Schedule of Standby Fees Based on Total Funded Debt to EBITDA Ratio (Details)	3 Months Ended
	Mar. 31, 2018
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 - Sched48

Note 7 - Loan Payable - Schedule of Loans Payable (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Loans payable	$ 72,416,973	$ 76,924,027
Less: unamortized debt discount and issuance costs	(764,202)	(829,611)
Less: loan payable, current portion	18,289,853	18,289,853
Loan payable, long-term portion	54,127,120	58,634,174	[1]
Non-revolving Facility C [Member]
Loans payable	5,582,775	5,930,338
Non-revolving Facility D [Member]
Loans payable	$ 67,598,400	$ 71,823,300
[1]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Note 7 - Loan Payable - Princip

Note 7 - Loan Payable - Principal Repayments (Details)	Mar. 31, 2018USD ($)
Remainder of 2018	$ 13,717,390
2,019	18,289,853
2,020	18,103,004
2,021	17,542,457
2,022	4,867,757
Thereafter	660,714
	$ 73,181,175

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Income Tax Expense (Benefit), Total	$ 1,182,918	$ (125,449)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total	4,900,000	2,300,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	0		$ 0
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit), Total	$ 100,000	$ 1,000,000

Note 9 - Basic and Diluted Ea51

Note 9 - Basic and Diluted Earnings Per Common Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Stock Repurchased and Retired During Period, Shares	0	0
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	333,300	28,500

Note 9 - Basic and Diluted Ea52

Note 9 - Basic and Diluted Earnings Per Common Share - Summary of Basic and Diluted Earnings Per Common Share (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Numerator for basic and diluted earnings per common share:
Net income for the period	$ 3,743,692	$ 2,446,491	[1],[2]
Basic weighted average number of common shares outstanding (in shares)	10,588,718	10,474,647	[2]
Effect of outstanding stock options (in shares)	203,895	301,868
Diluted weighted average number of shares outstanding (in shares)	10,792,613	10,776,515	[2]
Basic earnings per common share (in dollars per share)	$ 0.35	$ 0.23	[2]
Diluted earnings per common share (in dollars per share)	$ 0.35	$ 0.23	[2]
[1]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.
[2]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Note 10 - Revenue (Details Text

Note 10 - Revenue (Details Textual)		Jan. 05, 2018USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2017	Dec. 31, 2017USD ($)	Jan. 01, 2018USD ($)
Contract with Customer, Liability, Total			$ 150,983,318		$ 160,581,528	$ 160,600,000
Contract with Customer, Liability, Revenue Recognized	[1]		$ (69,968,261)
Namecheap, Inc. [Member]
Domain Name Transfer to Counter Party		2,650,000
Contract with Customer, Liability, Revenue Recognized		$ 14,600,000
Customer Concentration Risk [Member] | Sales Revenue, Net [Member]
Number of Customers			1	0
Concentration Risk, Percentage			18.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member]
Number of Customers			0		0
[1]	As a result of the bulk transfer of 2.65 million domain names to Namecheap on January 5th, 2018, the Company recognized deferred revenue includes $14.6 million related to previously deferred revenue.

Note 10 - Revenue - Disaggregat

Note 10 - Revenue - Disaggregation of Revenue (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net revenues (note 10)	$ 95,795,691	$ 69,568,062	[1]
Network Access Services [Member]
Net revenues (note 10)	23,608,225	19,249,785
Domain Name Services [Member]
Net revenues (note 10)	72,187,466	50,318,277
Domain Name Services [Member] | Wholesale [Member]
Net revenues (note 10)	62,862,279	42,999,706
Domain Name Services [Member] | Retail Services [Member]
Net revenues (note 10)	8,436,563	6,401,703
Domain Name Services [Member] | Portfolio [Member]
Net revenues (note 10)	888,624	916,868
Mobile Services [Member] | Network Access Services [Member]
Net revenues (note 10)	21,872,109	17,962,868
Other Services [Member] | Network Access Services [Member]
Net revenues (note 10)	1,736,116	1,286,917
Domain Services [Member] | Domain Name Services [Member] | Wholesale [Member]
Net revenues (note 10)	58,427,707	39,091,817
Value Added Services [Member] | Domain Name Services [Member] | Wholesale [Member]
Net revenues (note 10)	$ 4,434,572	$ 3,907,889
[1]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Note 10 - Revenue - Cost of Rev

Note 10 - Revenue - Cost of Revenue (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cost of revenues	$ 68,972,220	$ 49,310,712	[1]
Network, other costs	2,574,087	2,343,196	[1]
Cost of revenues	73,176,482	52,624,417	[1]
Network Expenses [Member]
Network, other costs	2,574,087	2,343,196
Network, depreciation and amortization costs	1,630,175	970,509
Cost of revenues	4,204,262	3,313,705
Network Access Services [Member]
Cost of revenues	12,206,518	10,392,416
Network, other costs	490,215	541,963
Cost of revenues	13,541,325	11,371,989
Network Access Services [Member] | Mobile Services [Member]
Cost of revenues	11,265,767	9,567,160
Network Access Services [Member] | Other Services [Member]
Cost of revenues	940,751	825,256
Domain Name Services [Member]
Cost of revenues	56,765,702	38,918,296
Network, other costs	2,083,872	1,801,233
Cost of revenues	59,635,157	41,252,428
Domain Name Services [Member] | Wholesale [Member]
Cost of revenues	52,171,306	35,038,849
Domain Name Services [Member] | Retail Services [Member]
Cost of revenues	4,409,742	3,617,402
Domain Name Services [Member] | Portfolio [Member]
Cost of revenues	184,654	262,045
Domain Name Services [Member] | Domain Services [Member] | Wholesale [Member]
Cost of revenues	51,314,038	34,462,926
Domain Name Services [Member] | Value Added Services [Member] | Wholesale [Member]
Cost of revenues	$ 857,268	$ 575,923
[1]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Note 10 - Revenue - Contract Ba

Note 10 - Revenue - Contract Balances (Details)	3 Months Ended
	Mar. 31, 2018USD ($)
Balance, beginning of period	$ 160,581,528
Deferral of revenue	60,370,051
Recognition of revenue 1	(69,968,261)	[1]
Balance, end of period	$ 150,983,318
[1]	As a result of the bulk transfer of 2.65 million domain names to Namecheap on January 5th, 2018, the Company recognized deferred revenue includes $14.6 million related to previously deferred revenue.

Note 10 - Revenue - Remaining P

Note 10 - Revenue - Remaining Performance Obligations (Details)	Mar. 31, 2018USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-04-01
Remaining performance obligations	$ 108,710,643
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Remaining performance obligations	24,366,389
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Remaining performance obligations	7,116,720
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Remaining performance obligations	4,010,109
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Remaining performance obligations	2,561,121
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Remaining performance obligations	3,658,053
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: (nil)
Remaining performance obligations	$ 150,423,035

Note 11 - Contract Costs (Detai

Note 11 - Contract Costs (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	[2]	Jan. 01, 2018	Dec. 31, 2017	[1]
Capitalized Contract Cost, Net, Total	$ 1,378,336			$ 1,400,000	$ 1,403,608
Increase (Decrease) in Capitalized Costs	195,408
Capitalized Contract Cost, Amortization	220,680
Change in Capitalized Contract Costs	25,272
Capitalized Contract Cost, Impairment Loss	$ 0
Minimum [Member]
Capitalized Contract Cost, Amortization Period	2 years
Maximum [Member]
Capitalized Contract Cost, Amortization Period	10 years
[1]	The beginning balance consists entirely of a cumulative adjustment recorded on January 1st, 2018 as a result of the modified retrospective adoption of ASU 2014-09. See note 3 for additional information.
[2]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Note 11 - Contract Costs - Capi

Note 11 - Contract Costs - Capitalized Contract Costs Activity (Details)	3 Months Ended
	Mar. 31, 2018USD ($)
Balance, beginning of period(1)	$ 1,403,608	[1]
Capitalization of costs	195,408
Amortization of costs	(220,680)
Balance, end of period	$ 1,378,336
[1]	The beginning balance consists entirely of a cumulative adjustment recorded on January 1st, 2018 as a result of the modified retrospective adoption of ASU 2014-09. See note 3 for additional information.

Note 12 - Segment Reporting (De

Note 12 - Segment Reporting (Details Textual)	3 Months Ended
	Mar. 31, 2018
Number of Operating Segments	2

Note 12 - Segment Reporting - I

Note 12 - Segment Reporting - Information by Reportable Segments (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net Revenues	$ 95,795,691	$ 69,568,062	[1]
Cost of revenues	68,972,220	49,310,712	[1]
Network expenses	2,574,087	2,343,196	[1]
Depreciation of property and equipment	1,131,143	590,347	[1]
Amortization of intangible assets	499,032	380,162	[1]
Total cost of revenues	73,176,482	52,624,417	[1]
Gross Profit	22,619,209	16,943,645	[1]
Sales and marketing	8,364,787	7,219,322	[1]
Technical operations and development	2,094,689	1,694,141	[1]
General and administrative	4,531,412	3,457,343	[1]
Depreciation of property and equipment	101,072	166,317	[1]
Amortization of intangible assets	1,831,730	1,380,809	[1]
Loss (gain) on currency forward contracts	(3,093)	(34,425)	[1]
Income from operations	5,698,612	3,060,138	[1]
Other income (expenses), net	(772,002)	(739,096)	[1]
Income before provision for income taxes	4,926,610	2,321,042	[1]
Network Access Services [Member]
Net Revenues	23,608,225	19,249,785
Cost of revenues	12,206,518	10,392,416
Network expenses	490,215	541,963
Depreciation of property and equipment	833,060	426,078
Amortization of intangible assets	11,532	11,532
Total cost of revenues	13,541,325	11,371,989
Gross Profit	10,066,900	7,877,796
Domain Name Services [Member]
Net Revenues	72,187,466	50,318,277
Cost of revenues	56,765,702	38,918,296
Network expenses	2,083,872	1,801,233
Depreciation of property and equipment	298,083	164,269
Amortization of intangible assets	487,500	368,630
Total cost of revenues	59,635,157	41,252,428
Gross Profit	$ 12,552,309	$ 9,065,849
[1]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Note 12 - Segment Reporting - S

Note 12 - Segment Reporting - Summary of Property and Equipment by Geographic Region (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Property and equipment	$ 28,688,762	$ 24,620,298	[1]
CANADA
Property and equipment	1,555,813	1,176,371
UNITED STATES
Property and equipment	27,107,392	23,417,435
GERMANY
Property and equipment	$ 25,557	$ 26,492
[1]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Note 12 - Segment Reporting -63

Note 12 - Segment Reporting - Summary of Amortizable Intangible Assets by Geographic Region (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Amortizable intangible assets	$ 43,322,522	$ 45,651,912
CANADA
Amortizable intangible assets	7,414,822	7,748,940
UNITED STATES
Amortizable intangible assets	35,839,260	37,783,202
GERMANY
Amortizable intangible assets	$ 68,440	$ 119,770

Note 12 - Segment Reporting -64

Note 12 - Segment Reporting - Summary of Valuation and Qualifying Accounts (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Balance at beginning of period	$ 168,409	$ 164,145
Charged to (recovered) costs and expenses	1,011	4,264
Balance at end of period	$ 169,420	$ 168,409

Note 13 - Stockholders' Equit65

Note 13 - Stockholders' Equity (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Feb. 14, 2018	Mar. 01, 2017	Feb. 09, 2016
Stock Repurchased and Retired During Period, Shares	0	0
Stock Buyback Program 2018 [Member]
Stock Repurchase Program, Authorized Amount			$ 40
Stock Repurchased and Retired During Period, Shares	0
Stock Buyback Program 2017 [Member]
Stock Repurchase Program, Authorized Amount				$ 40
Stock Repurchased and Retired During Period, Shares	0
Stock Buyback Program 2016 [Member]
Stock Repurchase Program, Authorized Amount					$ 40
Stock Repurchased and Retired During Period, Shares		0

Note 13 - Stockholders' Equit66

Note 13 - Stockholders' Equity - Stockholders' Equity Transactions (Details) - USD ($)		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Balances	[1]	$ 60,210,734
Impact of Adoption of ASU 2014-09		1,062,952
Balance on January 1, 2018		$ 61,273,686
Exercise of stock options (in shares)		12,563	68,876
Exercise of stock options		$ 7,201
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration		(147,068)
Stock-based compensation (note 15)		578,182
Net income for the period		3,743,692	$ 2,446,491	[2],[3]
Accretion of redeemable non-controlling interest in Ting Virginia, LLC.		(63,610)
Other comprehensive income (loss)		17,425	$ 105,609	[3]
Balances		$ 65,409,508
Common Stock [Member]
Balances (in shares)		10,583,879
Balances		$ 15,368,161
Impact of Adoption of ASU 2014-09
Balance on January 1, 2018		$ 15,368,161
Exercise of stock options (in shares)		12,563
Exercise of stock options		$ 57,943
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration (in shares)		(4,327)
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration
Stock-based compensation (note 15)
Accretion of redeemable non-controlling interest in Ting Virginia, LLC.
Other comprehensive income (loss)
Balances (in shares)		10,592,115
Balances		$ 15,426,104
Additional Paid-in Capital [Member]
Balances		2,166,768
Impact of Adoption of ASU 2014-09
Balance on January 1, 2018		2,166,768
Exercise of stock options		(50,742)
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration		(147,068)
Stock-based compensation (note 15)		578,182
Accretion of redeemable non-controlling interest in Ting Virginia, LLC.
Other comprehensive income (loss)
Balances		2,547,140
Retained Earnings [Member]
Balances		42,675,805
Impact of Adoption of ASU 2014-09		1,062,952
Balance on January 1, 2018		43,738,757
Exercise of stock options
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration
Stock-based compensation (note 15)
Net income for the period		3,743,692
Accretion of redeemable non-controlling interest in Ting Virginia, LLC.		(63,610)
Other comprehensive income (loss)
Balances		47,418,839
AOCI Attributable to Parent [Member]
Balances
Impact of Adoption of ASU 2014-09
Balance on January 1, 2018
Exercise of stock options
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration
Stock-based compensation (note 15)
Accretion of redeemable non-controlling interest in Ting Virginia, LLC.
Other comprehensive income (loss)		17,425
Balances		$ 17,425
[1]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.
[2]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.
[3]	The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.

Note 14 - Share-based Payment67

Note 14 - Share-based Payments (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 5,800
Allocated Share-based Compensation Expense, Total	600	$ 300
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount	$ 0	$ 0
Employee Stock Option [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 292 days

Note 14 - Share-based Payment68

Note 14 - Share-based Payments - Stock Option Transactions (Details) - $ / shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Outstanding, Number of shares (in shares)	653,571	474,501
Granted, Number of shares (in shares)	11,000	32,875
Exercised, Number of shares (in shares)	(12,563)	(68,876)
Forfeited, Number of shares (in shares)	(17,125)	(7,889)
Expired, Number of shares (in shares)
Outstanding, Number of shares (in shares)	634,883	430,611
Options exercisable, Number of shares (in shares)	245,933	264,753
Outstanding, Weighted average exercise price per share (in dollars per share)	$ 36.69	$ 12.67
Granted, Weighted average exercise price per share (in dollars per share)	58.52	40.56
Exercised, Weighted average exercise price per share (in dollars per share)	7.79	7.83
Forfeited, Weighted average exercise price per share (in dollars per share)	42.54	18.46
Expired, Weighted average exercise price per share (in dollars per share)
Outstanding, Weighted average exercise price per share (in dollars per share)	37.48	15.46
Options exercisable, Weighted average exercise price per share (in dollars per share)	$ 16.62	$ 10.72

Note 14 - Share-based Payment69

Note 14 - Share-based Payments - Summary of Exercise Prices, Weighted Average Remaining Contractual Life and Intrinsic Values of Outstanding Options (Details)	3 Months Ended
	Mar. 31, 2018USD ($)$ / sharesshares
Number outstanding (in shares) | shares	634,883
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 37.48
Weighted average remaining contractual life, options outstanding (Year)	4 years
Aggregate intrinsic value, options outstanding | $	$ 11,782,970
Number exercisable (in shares) | shares	245,933
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 16.62
Weighted average remaining contractual life, options exercisable (Year)	2 years
Aggregate intrinsic value, options exercisable | $	$ 9,685,617
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	81,695
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 6.81
Weighted average remaining contractual life, options outstanding (Year)	255 days
Aggregate intrinsic value, options outstanding | $	$ 4,018,538
Number exercisable (in shares) | shares	81,695
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 6.81
Weighted average remaining contractual life, options exercisable (Year)	255 days
Aggregate intrinsic value, options exercisable | $	$ 4,018,538
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	117,013
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 16.31
Weighted average remaining contractual life, options outstanding (Year)	2 years 182 days
Aggregate intrinsic value, options outstanding | $	$ 4,644,246
Number exercisable (in shares) | shares	90,613
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 15.93
Weighted average remaining contractual life, options exercisable (Year)	2 years 109 days
Aggregate intrinsic value, options exercisable | $	$ 3,631,248
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	75,000
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 23.67
Weighted average remaining contractual life, options outstanding (Year)	3 years 36 days
Aggregate intrinsic value, options outstanding | $	$ 2,424,562
Number exercisable (in shares) | shares	55,000
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 24.61
Weighted average remaining contractual life, options exercisable (Year)	2 years 292 days
Aggregate intrinsic value, options exercisable | $	$ 1,726,562
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)	4 years 146 days
Aggregate intrinsic value, options outstanding | $	$ 289,094
Number exercisable (in shares) | shares	10,625
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 36.11
Weighted average remaining contractual life, options exercisable (Year)	4 years 73 days
Aggregate intrinsic value, options exercisable | $	$ 211,281
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)	5 years 36 days
Aggregate intrinsic value, options outstanding | $	$ 218,475
Number exercisable (in shares) | shares	8,000
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 43.75
Weighted average remaining contractual life, options exercisable (Year)	5 years 36 days
Aggregate intrinsic value, options exercisable | $	$ 97,988
Exercise Price Range 06 [Member]
Exercise price - lower (in dollars per share)	$ 53.20
Exercise price - higher (in dollars per share)	$ 58.65
Number outstanding (in shares) | shares	328,300
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 55.51
Weighted average remaining contractual life, options outstanding (Year)	5 years 146 days
Aggregate intrinsic value, options outstanding | $	$ 188,055
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 15 - Fair Value Measurem70

Note 15 - Fair Value Measurement - Summary of the Fair Values of the Company's Derivative Instrument Liabilities (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Derivative instrument asset	$ 26,103
Derivative instrument liability
Fair Value, Inputs, Level 1 [Member]
Derivative instrument asset
Derivative instrument liability
Fair Value, Inputs, Level 2 [Member]
Derivative instrument asset	26,103
Derivative instrument liability
Fair Value, Inputs, Level 3 [Member]
Derivative instrument asset
Derivative instrument liability

Note 16 - Contingencies (Detail

Note 16 - Contingencies (Details Textual) xbrli-pure in Thousands	Jan. 05, 2018
Litigation Case with Namecheap [Member]
Domain Name Transfer to Counter Party	2,650