Tucows (TCX) 10-Q 5 May 22 2022 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2022	May 03, 2022
Document Information [Line Items]
Entity Central Index Key	0000909494
Entity Registrant Name	TUCOWS INC /PA/
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	1-32600
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	23-2707366
Entity Address, Address Line One	96 Mowat Avenue,
Entity Address, City or Town	Toronto
Entity Address, State or Province	ON
Entity Address, Postal Zip Code	M6K 3M1
Entity Address, Country	CA
City Area Code	416
Local Phone Number	535-0123
Title of 12(b) Security	Common Stock
Trading Symbol	TCX
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		10,764,616

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 6,201	$ 9,105
Accounts receivable, net of allowance for doubtful accounts of $535 as of March 31, 2022 and $541 as of December 31, 2021	16,391	14,579
Contract asset (note 10)	3,283	778
Inventory	3,558	3,277
Prepaid expenses and deposits	23,221	20,986
Derivative instrument asset, current portion (note 5)	1,358	299
Deferred costs of fulfillment, current portion (note 11)	96,986	94,506
Income taxes recoverable	3,249	3,474
Total current assets	154,247	147,004
Deferred costs of fulfillment, long-term portion (note 11)	17,674	18,205
Derivative instrument asset, long-term portion (note 5)	459	278
Investments	2,012	2,012
Deferred tax asset	20	22
Property and equipment	191,456	172,662
Right of use operating lease asset	18,136	17,515
Contract costs	1,306	1,079
Intangible assets (note 6)	47,659	50,409
Goodwill (note 6)	130,410	130,410
Total assets	563,379	539,596
Current liabilities:
Accounts payable	14,103	10,016
Accrued liabilities	16,351	15,240
Customer deposits	16,351	16,974
Derivative instrument liability, current portion (note 5)	0	125
Operating lease liability, current portion (note 12)	3,463	3,150
Deferred revenue, current portion (note 10)	128,413	124,116
Accreditation fees payable, current portion	882	882
Income taxes payable	307	102
Other current liabilities	2,974	3,078
Total current liabilities	182,844	173,683
Deferred revenue, long-term portion (note 10)	23,753	23,677
Accreditation fees payable, long-term portion	156	170
Operating lease liability, long-term portion (note 12)	12,220	11,853
Loan payable, long-term portion (note 7)	207,183	190,748
Other long-term liability (note 4)	0	1,804
Deferred tax liability	22,211	22,569
Stockholders' equity (note 14)
Preferred stock - no par value, 1,250,000 shares authorized; none issued and outstanding	0	0
Common stock - no par value, 250,000,000 shares authorized; 10,762,581 shares issued and outstanding as of March 31, 2022 and 10,747,417 shares issued and outstanding as of December 31, 2021	29,655	28,515
Additional paid-in capital	3,530	2,764
Retained earnings	80,450	83,470
Accumulated other comprehensive income (note 5)	1,377	343
Total stockholders' equity	115,012	115,092
Total liabilities and stockholders' equity	563,379	539,596
Contingencies (note 18)

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Accounts receivable, allowance for doubtful accounts	$ 535	$ 541
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)	10,762,581	10,747,417
Common stock, shares outstanding (in shares)	10,762,581	10,747,417

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net revenues (note 10)	$ 81,099	$ 70,875
Cost of revenues (note 10)
Direct cost of revenues	49,421	46,187
Network, other costs	4,180	3,238
Network, depreciation of property and equipment	5,895	3,638
Network, amortization of intangible assets (note 6)	378	299
Network, impairment of property and equipment	27	60
Total cost of revenues	59,901	53,422
Gross profit	21,198	17,453
Expenses:
Sales and marketing	11,987	8,311
Technical operations and development	3,765	3,132
General and administrative	7,296	4,953
Depreciation of property and equipment	148	121
Loss on disposition of property and equipment	385	0
Amortization of intangible assets (note 6)	2,465	2,320
Loss (gain) on currency forward contracts (note 5)	0	(253)
Total expenses	26,046	18,584
Income from operations	(4,848)	(1,131)
Other income (expenses):
Interest expense, net	(1,796)	(936)
Gain on sale of Ting customer assets, net (note 17)	4,752	5,395
Other expense, net	(50)	(96)
Total other income (expenses)	2,906	4,363
Income before provision for income taxes	(1,942)	3,232
Provision for income taxes (note 8)	1,078	1,083
Net income for the period	(3,020)	2,149
Other comprehensive income, net of tax
Unrealized income (loss) on hedging activities (note 5)	968	368
Net amount reclassified to earnings (note 5)	66	(834)
Other comprehensive income net of tax expense (recovery) of $329 and ($140) for the three months ended March 31, 2022 and March 31, 2021 (note 5)	1,034	(466)
Comprehensive income, net of tax for the period	$ (1,986)	$ 1,683
Basic earnings per common share (note 9) (in dollars per share)	$ (0.28)	$ 0.20
Shares used in computing basic earnings per common share (note 9) (in shares)	10,754,758	10,617,807
Diluted earnings per common share (note 9) (in dollars per share)	$ (0.28)	$ 0.20
Shares used in computing diluted earnings per common share (note 9) (in shares)	10,754,758	10,796,762

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Other comprehensive income (loss), tax	$ 329	$ (140)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities:
Net income for the period	$ (3,020)	$ 2,149
Items not involving cash:
Depreciation of property and equipment	6,043	3,759
Impairment of property and equipment	27	60
Amortization of debt discount and issuance costs	120	67
Amortization of intangible assets	2,843	2,619
Net amortization contract costs	(227)	(7)
Accretion of contingent consideration	98	96
Deferred income taxes (recovery)	(686)	(220)
Excess tax benefits on share-based compensation expense	(52)	(172)
Net Right of use operating assets/Operating lease liability	59	55
Loss on disposal of domain names	2	1
Loss (gain) on change in the fair value of forward contracts	0	166
Stock-based compensation	1,391	1,022
Change in non-cash operating working capital:
Accounts receivable	(1,812)	(328)
Contract assets	(2,505)	0
Inventory	(281)	(442)
Prepaid expenses and deposits	(2,235)	2,266
Deferred costs of fulfillment	(1,949)	(4,111)
Income taxes recoverable	482	(689)
Accounts payable	2,267	1,451
Accrued liabilities	1,111	793
Customer deposits	(623)	125
Deferred revenue	4,368	5,349
Accreditation fees payable	(14)	77
Net cash provided by operating activities	5,407	14,086
Financing activities:
Proceeds received on exercise of stock options	515	229
Payment of tax obligations resulting from net exercise of stock options	0	(218)
Contingent consideration for acquisition of Cedar Holdings Group	(2,000)	0
Proceeds received on loan payable	16,500	0
Payment of loan payable costs	(177)	0
Net cash (used in) provided by financing activities	14,838	11
Investing activities:
Additions to property and equipment	(23,054)	(13,944)
Acquisition of intangible assets	(95)	(154)
Net cash used in investing activities	(23,149)	(14,098)
Increase (decrease) in cash and cash equivalents	(2,904)	(1)
Cash and cash equivalents, beginning of period	9,105	8,311
Cash and cash equivalents, end of period	6,201	8,310
Supplemental cash flow information:
Interest paid	1,683	949
Income taxes paid, net	896	2,381
Supplementary disclosure of non-cash investing and financing activities:
Property and equipment acquired during the period not yet paid for	$ 1,909	$ 3,320

Note 1 - Organization of the Co

Note 1 - Organization of the Company	3 Months Ended
	Mar. 31, 2022
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 US consumers and small businesses with high-speed fixed Internet access in selected towns. The Company also offers platform services which provide solutions to support Communication Service Providers ("CSPs") including subscription and billing management, network orchestration and provisioning, individual developer tools, and other professional services. 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, 2022
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, 2022 March 31, 2022 2021 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, 2021 2021 10 March 1, 2022 ( 2021 no three March 31, 2022 2021 except as described in Note 13

Note 3 - Recent Accounting Pron

Note 3 - Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	3. Recent Accounting Pronouncements Not In March 2020, No. 2020 04, Reference Rate Reform 848 2020 04” 2020 04 1. Modifications of contracts within the scope of Topics 310, 470, 2. Modifications of contracts within the scope of Topic 842, no not 3. Modifications of contracts do not 815 15, The amendments in ASU 2020 04 March 12, 2020 December 31, 2022. 2019 2019 may 2020 04.

Note 4 - Acquisitions

Note 4 - Acquisitions	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Business Combination Disclosure [Text Block]	4. On October 1, 2021, 3 2021 On November 8, 2021, one 3 2021

Note 5 - Derivative Instruments

Note 5 - Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	5. The Company is exposed to certain risks relating to its ongoing business operations. The primary risks managed by using derivative instruments are foreign exchange rate risk and interest rate risk. Since October 2012, May 2020, 2019 The Company does not one eighteen June 2023. The Company has designated certain of these foreign exchange transactions as cash flow hedges of forecasted transactions under ASU 2017 12, Derivatives and Hedging 815 815” 815, March 31, 2022 December 31, 2021 no As of March 31, 2022 815 As of December 31, 2021 815 As of March 31, 2022 Maturity date (Dollar amounts in thousands of U.S. dollars) Notional amount of U.S. dollars Weighted average exchange rate of U.S. dollars Fair value Asset / (Liability) April - June 2022 $ 6,453 1.2801 $ 163 July - September 2022 3,779 1.2801 95 October - December 2022 3,476 1.2801 86 $ 13,708 1.2801 $ 344 As of March 31, 2022 December 31, 2021 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 Derivatives (Dollar amounts in thousands of U.S. dollars) Balance Sheet Location As of March 31, 2022 Fair Value Asset (Liability) As of December 31, 2021 Fair Value Asset (Liability) Foreign Currency forward contracts designated as cash flow hedges (net) Derivative instruments $ 344 $ 62 Interest rate swap contract designated as a cash flow hedge (net) Derivative instruments 1,473 390 Total foreign currency and interest swap forward contracts (net) Derivative instruments $ 1,817 $ 452 Movement in accumulated other comprehensive income (AOCI) balance for the three March 31, 2022 (Dollar amounts in thousands of U.S. dollars) Gains and losses on cash flow hedges Tax impact Total AOCI Opening AOCI balance - December 31, 2021 $ 450 $ (107 ) $ 343 Other comprehensive income (loss) before reclassifications 1,276 (308 ) 968 Amount reclassified from AOCI 87 (21 ) 66 Other comprehensive income (loss) for the three months ended March 31, 2022 1,363 (329 ) 1,034 Ending AOCI Balance - March 31, 2022 $ 1,813 $ (436 ) $ 1,377 Effects of derivative instruments on income and other comprehensive income (OCI) for the three March 31, 2022 2021 Derivatives in Cash Flow Hedging Relationship Amount of Gain or (Loss) Recognized in OCI, net of tax, on Derivative Location of Gain or (Loss) Reclassified from AOCI into Income Amount of Gain or (Loss) Reclassified from AOCI into Income Operating expenses $ (58 ) Foreign currency forward contracts for the three months ended March 31, 2022 $ 1,056 Cost of revenues $ (12 ) Interest rate swap contract for the three months ended March 31, 2022 $ (88 ) Interest expense, net $ (17 ) Operating expenses $ 949 Foreign currency forward contracts for the three months ended March 31, 2021 $ (615 ) Cost of revenues $ 156 Interest rate swap contract for the three months ended March 31, 2021 $ 149 Interest expense, net $ (19 ) In addition to the above, for those foreign currency forward contracts not Three Months Ended March 31, Forward currency contracts not designated as hedges: 2022 2021 Gain (loss) on settlement $ - $ 420 Gain (loss) on change in fair value (167 ) $ - $ 253

Note 6 - Goodwill and Other Int

Note 6 - Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2022
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 $130.4 million as of March 31, 2022 December 31, 2021 nil Goodwill is not three March 31, 2022 2021 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, 2022 March 31, 2021 June 2006 Intangible assets, comprising brand, technology, customer relationships and network rights are being amortized on a straight-line basis over periods of two fifteen Net book value of acquired intangible assets consist of the following (Dollar amounts in thousands of U.S. dollars): Surname domain names Direct navigation domain names Brand Customer relationships Technology Network rights Total Amortization period indefinite life indefinite life 7 years 3 - 7 years 2 - 7 years 15 years Balances, December 31, 2021 $ 11,156 $ 1,135 $ 5,010 $ 28,634 $ 3,392 $ 1,082 $ 50,409 Acquisition of customer relationships - - - 95 - - 95 Additions to/(disposals from) domain portfolio, net - (2 ) - - - - (2 ) Amortization expense - - (518 ) (2,145 ) (155 ) (25 ) (2,843 ) Balances, March 31, 2022 $ 11,156 $ 1,133 $ 4,492 $ 26,584 $ 3,237 $ 1,057 $ 47,659 The following table shows the estimated amortization expense for each of the next 5 no Year ending December 31, Remainder of 2022 $ 8,218 2023 10,153 2024 6,531 2025 4,393 2026 2,668 Thereafter 3,407 Total $ 35,370

Note 7 - Loan Payable

Note 7 - Loan Payable	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	7. Amended 2019 On June 14, 2019, 2019 2019 2017 In connection with the Amended 2019 December 31, 2019. The obligations of the Company under the Amended 2019 first four June 13, 2023. Second Amended 2019 On October 26, 2021, 2019 two 3.50x In connection with the Second Amended 2019 Credit Facility Terms The Second Amended 2019 no The Second Amended 2019 2019 four 4.50:1.00 March 31, 2023 4.00:1.00 3.00:1.00. three March 31, 2022 three March 31, 2021 2019 March 2022 13 Borrowings under the Second Amended 2019 If Total Funded Debt to EBITDA is: Availment type or fee Less than 2.00 Greater than or equal to 2.00 and less than 2.50 Greater than or equal to 2.50 and less than 3.00 Greater than or equal to 3.00 and less than 3.50 Greater than or equal to 3.50 and less than 4.00 Greater than or equal to 4.00 Canadian dollar borrowings based on Bankers’ Acceptance or U.S. dollar borrowings based on LIBOR (Margin) 1.75 % 2.25 % 2.50 % 2.75 % 3.00 % 3.25 % Canadian or U.S. dollar borrowings based on Prime Rate or U.S. dollar borrowings based on Base Rate (Margin) 0.50 % 1.00 % 1.25 % 1.50 % 1.75 % 2.00 % Standby fees 0.35 % 0.45 % 0.50 % 0.55 % 0.60 % 0.65 % The following table summarizes the Company’s borrowings under the credit facilities (Dollar amounts in thousands of U.S. dollars): March 31, 2022 December 31, 2021 Revolver $ 207,900 $ 191,400 Less: unamortized debt discount and issuance costs (717 ) (652 ) Total loan payable 207,183 190,748 Less: loan payable, current portion - - Loan payable, long-term portion $ 207,183 $ 190,748 The following table summarizes our scheduled principal repayments as of March 31, 2022 Remainder of 2022 $ - 2023 207,900 $ 207,900

Note 8 - Income Taxes

Note 8 - Income Taxes	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8. The Company's provision for income taxes for interim periods is determined by using an estimated annual effective tax rate, adjusted for discrete items arising during the quarter. At each quarter, the Company updates the estimated annual effective tax rate and makes a year-to-date adjustment to the provision. The estimated annual effective tax rate is subject to volatility due to several factors, including accurately forecasting the Company's net income before tax and taxable income or loss and the mix of tax jurisdictions to which they relate, intercompany transactions, and changes in statutes, regulations, and case law. For the three March 31, 2022 of December 31, 2022 ( 2022” three March 31, 2022 Comparatively, for the three March 31, 2021, December 31, 2021 ( 2021” three March 31, 2021

Note 9 - Basic and Diluted Earn

Note 9 - Basic and Diluted Earnings Per Common Share	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	9. The following table reconciles the numerators and denominators of the basic and diluted earnings per common share computation (Dollar amounts in thousands of US dollars, except for share data): Three Months Ended March 31, 2022 2021 Numerator for basic and diluted earnings per common share: Net income for the period $ (3,020 ) $ 2,149 Denominator for basic and diluted earnings per common share: Basic weighted average number of common shares outstanding 10,754,758 10,617,807 Effect of outstanding stock options - 178,955 Diluted weighted average number of shares outstanding 10,754,758 10,796,762 Basic earnings per common share $ (0.28 ) $ 0.20 Diluted earnings per common share $ (0.28 ) $ 0.20 For the three March 31, 2022 For three March 31, 2021 4,004 not

Note 10 - Revenue

Note 10 - Revenue	3 Months Ended
	Mar. 31, 2022
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 retail fiber Internet services in our Fiber Internet Services segment, (b) the CSP solutions and professional services in our Platform Services segment; and from (c) domain name registration contracts, other domain related value-added services, domain sale contracts, and other advertising revenue in our Domain Services segment. Certain revenues are disclosed under the Corporate category as they are considered none 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 services 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 13 (a) Fiber Internet Services The Company generates Fiber Internet Services revenues primarily through the provisioning of fixed high-speed Internet access, Ting Internet. Fiber Internet services (Ting Internet) contracts provide customers Internet access at their home or business through the installation and use of our fiber optic network. Ting 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 Ting Internet access services are primarily contracted through the Ting website, for one no In those cases, where payment is not not (b) Platform Services The Company generates Platform Services revenues by providing billing and provisioning platform services to Communication Service Providers ("CSPs") to whom we also provide other professional services. Platform service agreements contain both platform services and professional services. Platform services offer a variety of solutions that support CSPs, including subscription and billing management, network orchestration and provisioning, and individual developer tools. Consideration under platform service arrangements includes both a variable component that changes each month depending on the number of subscribers hosted on the platform, as well as fixed payments and credits. Variable consideration sometimes includes minimum contractual payments, which are considered substantive minimum commitments. The Company uses the variable allocation exception to allocate variable consideration received to the services which the variable consideration relates to. Platform services represent a single promise to provide continuous access (i.e. a stand-ready performance obligation) to the platform. As each month of providing access to the platform is substantially the same and the customer simultaneously receives and consumes the benefits as access is provided, the performance obligation is comprised of a series of distinct service periods. Professional services provided under platform service arrangements can include implementation, training, consulting or software development/modification services. Revenues related to professional services are distinct from the other promises in the contract(s) and are recognized as the related services are performed. Consideration is allocated between the platform services and professional services performance obligations by estimating the standalone selling price (“SSP”) of each performance obligation. The Company estimates the SSP of professional services based on observable standalone sales. The SSP of platform services is derived using the residual approach by estimating the total contract consideration and subtracting the SSP of professional services. Total contract consideration is estimated at contract inception, considering any constraints that may Other professional services consist of professional service arrangements with platform services customers which are billed based on separate Statement of Work (“SOW”) arrangements for bespoke feature development. Revenues for professional services contracted through separate SOWs are recognized at a point-in-time when the final acceptance criteria have been met. (c) Domain Services Domain registration contracts, which can be purchased for terms of one ten Domain related value-added services like digital certifications, WHOIS privacy, website hosting and hosted email provide our resellers and retail registrant customers with 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 (Dollar amounts in thousands of U.S. dollars): Three Months Ended March 31, 2022 2021 Fiber Internet Services: Fiber Internet Services $ 9,788 $ 5,082 Platform Services: Platform Services 6,097 638 Other Professional Services 750 - Total Platform Services 6,847 638 Domain Services: Wholesale Domain Services 46,836 46,991 Value Added Services 5,649 5,080 Total Wholesale 52,485 52,071 Retail 9,061 9,154 Total Domain Services 61,546 61,225 Corporate: Mobile services and eliminations 2,918 3,930 $ 81,099 $ 70,875 During the three March 31, 2022 three March 31, 2021 no 10% At March 31, 2022 one 46 % The following is a summary of the Company’s cost of revenue from each significant revenue stream (Dollar amounts in thousands of U.S. dollars): Three Months Ended March 31, 2022 2021 Fiber Internet Services: Fiber Internet Services $ 4,038 $ 2,609 Platform Services: Platform Services 185 85 Other Professional Services 776 - Total Platform Services 961 85 Domain Services: Wholesale Domain Services 36,397 35,773 Value Added Services 656 599 Total Wholesale 37,053 36,372 Retail 4,759 4,401 Total Domain Services 41,812 40,773 Corporate: Mobile services and eliminations 2,610 2,720 Network Expenses: Network, other costs 4,180 3,238 Network, depreciation of property and equipment 5,895 3,638 Network, amortization of intangible assets 378 299 Network, impairment of property and equipment 27 60 Total Network Expenses 10,480 7,235 $ 59,901 $ 53,422 Contract Balances The following tables provide information about contract assets and 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. Some of the Company’s long-term contracts with customers are billed in advance of service, such as domain contracts and some professional service contracts. Consideration received from customers related to performance obligations which have 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. Significant changes in deferred revenue for the three March 31, 2022 Deferred revenue: March 31, 2022 Balance, beginning of period $ 147,793 Deferred revenue 65,315 Recognized revenue (60,942 ) Balance, end of period $ 152,166 The Company receives consideration for long-term mobile platform service contracts, which we collect variably each month depending on the number of subscribers hosted on the platform (subject to certain minimums) as well as through certain fixed platform fees and credits. Contract assets are recorded for services delivered under long-term mobile platform services contracts, to the extent that the services delivered exceed the services which have been billed to the customer at the reporting date. Contract assets are transferred to receivables when the rights to consideration become unconditional. All contract assets transfer to receivables within three Contract assets : March 31, 2022 Balance, beginning of period $ 778 Consideration recognized as revenue 5,677 Transferred to receivables (3,172 ) Balance, end of period $ 3,283 Remaining Performance Obligations: For retail mobile and internet access services, where the performance obligation is part of contracts that have an original expected duration of one one not Although domain registration contracts are deferred over the lives of the individual contracts, which can range from one ten 80 twelve Deferred revenue related to Exact hosting contracts is also deferred over the lives of the individual contracts, which are expected to be fully recognized within the next twelve Professional service revenue related to platform services may not

Note 11 - Costs to Obtain and F

Note 11 - Costs to Obtain and Fulfill a Contract	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Capitalized Contract Costs [Text Block]	11. Deferred costs of fulfillment Deferred costs to fulfill contracts primarily consist of domain registration costs which have been paid to a domain registry, and are capitalized as deferred costs of fulfillment. These costs are deferred and amortized over the life of the domain which generally ranges from one ten three March 31, 2022 no three March 31, 2022 The breakdown of the movement in the deferred costs of fulfillment balance for the three March 31, 2022 March 31, 2022 Balance, beginning of period $ 112,711 Deferral of costs 45,132 Recognized costs (43,183 ) Balance, end of period $ 114,660

Note 12 - Leases

Note 12 - Leases	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	12. We lease datacenters, corporate offices and fiber-optic cables under operating leases. The Company does not Our leases have remaining lease terms of 1 year to 20 years, some of which may may The components of lease expense were as follows (Dollar amounts in thousands of U.S. dollars): For the Three Months Ended March 31, 2022 2021 Operating Lease Cost (leases with a total term greater than 12 months) $ 849 $ 534 Short-term Lease Cost (leases with a total term of 12 months or less) 11 50 Variable Lease Cost 103 176 Total Lease Cost $ 963 $ 760 Lease Cost is presented in general and administrative expenses and network expenses within our consolidated statements of operations and comprehensive income. Information related to leases was as follows (Dollar amounts in thousands of U.S. dollars): For the Three Months Ended March 31, Supplemental cashflow information: 2022 2021 Operating Lease - Operating Cash Flows (Fixed Payments) $ 936 $ 551 Operating Lease - Operating Cash Flows (Liability Reduction) $ 832 $ 472 New ROU Assets - Operating Leases $ 1,378 $ 1,394 Supplemental balance sheet information related to leases: March 31, 2022 December 31, 2021 Weighted Average Discount Rate 3.11 % 3.09 % Weighted Average Remaining Lease Term 7.36 yrs 7.74 yrs Maturity of lease liability as of March 31, 2022 March 31, 2022 Remaining of 2022 $ 2,854 2023 3,818 2024 2,883 2025 2,055 2026 1,501 Thereafter 4,245 Total future lease payments 17,356 Less imputed interest 1,673 Total $ 15,683 Operating lease payments include payments under the non-cancellable term, without any additional amounts related to options to extend lease terms that are reasonably certain of being exercised. As of March 31, 2022 not not The Company has elected to use the single exchange rate approach when accounting for lease modifications. Under the single exchange rate approach, the entire right of use asset is revalued at the date of modification in the Company’s functional currency provided the re-measurement is not

Note 13 - Segment Reporting

Note 13 - Segment Reporting	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	13. Reportable operating segments: We are organized and managed based on three No During the first 2022, three three The change to our reportable operating segments was the result of a shift in our business and management structures that was completed during the first 2022. first 2022, three not Our reportable operating segments and their principal activities consist of the following: 1. 2. 3. Our segmented results include shared services allocations, including a profit margin, from Corporate for Finance, Human Resources and other technical services, to the operating units. In addition, Platform Services charges Fiber Internet Services a subscriber based monthly charge services rendered. Financial impacts from these allocations and cross segment charges are eliminated as part of the Corporate results. Key measure of segment performance: The CEO, as the chief operating decision maker, regularly reviews the operations and performance by segment. The CEO reviews segment revenue, gross margin and adjusted EBITDA (as defined below) as (i) key measures of performance for each segment and (ii) 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 10 Our key measures of segment performance and their definitions are: 1. 2. one not not Our comparative period financial results have also been reclassified to reflect the current key measures of segment performance. The Company believes that both segment gross margin and adjusted EBITDA measures are important indicators of the operational strength and performance of its segments, by identifying those items that are not not not 2 10 Information by reportable segments (with the exception of disaggregated revenue, which is discussed in “Note 10 Reconciliation of Adjusted EBITDA to Income before Provision for Income Taxes Three Months Ended March 31, (In Thousands of US Dollars) 2022 2021 (unaudited) (unaudited) (unaudited) Adjusted EBITDA $ 11,311 $ 12,724 Depreciation of property and equipment 6,043 3,759 Impairment and loss on disposition of property and equipment 412 60 Amortization of intangible assets 2,843 2,619 Interest expense, net 1,796 936 Accretion of contingent consideration 98 96 Stock-based compensation 1,391 1,022 Unrealized loss (gain) on change in fair value of forward contracts - 166 Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities 53 67 Acquisition and other costs 1 617 767 Income before provision for income taxes $ (1,942 ) $ 3,232 1 November 2021. Fiber Internet Services Platform Services Domain Services Corporate Consolidated Totals For the Three Months Ended March 31, 2022 Net Revenues $ 9,788 $ 6,847 $ 61,546 $ 2,918 $ 81,099 Direct cost of revenues 4,038 961 41,812 2,610 49,421 Segment Gross Margin 5,750 5,886 19,734 308 31,678 Adjusted EBITDA $ (4,321 ) $ 2,047 $ 11,774 $ 1,811 $ 11,311 Fiber Internet Services Platform Services Domain Services Corporate Consolidated Totals For the Three Months Ended March 31, 2021 Net Revenues $ 5,082 $ 638 $ 61,225 $ 3,930 $ 70,875 Direct cost of revenues 2,609 85 40,773 2,720 46,187 Segment Gross Margin 2,473 553 20,452 1,210 24,688 Adjusted EBITDA $ (3,927) $ (1,080) $ 13,196 $ 4,535 $ 12,724 (b) The following is a summary of the Company’s property and equipment by geographic region (Dollar amounts in thousands of US dollars): March 31, 2022 December 31, 2021 Canada $ 1,721 $ 1,994 United States 189,698 170,630 Europe 37 38 $ 191,456 $ 172,662 (c) The following is a summary of the Company’s amortizable intangible assets by geographic region (Dollar amounts in thousands of US dollars): March 31, 2022 December 31, 2021 Canada $ 3,899 $ 1,386 United States 31,471 36,732 $ 35,370 $ 38,118 (d) Valuation and qualifying accounts (Dollar amounts in thousands of US dollars): Allowance for doubtful accounts Balance at beginning of period Charged to costs and expenses Write-offs during period Balance at end of period Three Months Ended March 31, 2022 $ 541 $ - $ 6 $ 535 Twelve months ended December 31, 2021 $ 222 $ 319 $ - $ 541

Note 14 - Stockholders' Equity

Note 14 - Stockholders' Equity	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	14. The following table summarizes stockholders' equity transactions for the three Accumulated Additional other Total Common stock paid in Retained comprehensive stockholders' Number Amount capital earnings income (loss) equity Balances, December 31, 2021 10,747,417 $ 28,515 $ 2,764 $ 83,470 $ 343 $ 115,092 Exercise of stock options 11,592 757 (242 ) - - 515 Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration (1,860 ) - - - - - Stock-based compensation 5,432 383 1,008 - - 1,391 Net income - - - (3,020 ) - (3,020 ) Other comprehensive income (loss) - - - - 1,034 1,034 Balances, March 31, 2022 10,762,581 $ 29,655 $ 3,530 $ 80,450 $ 1,377 $ 115,012 2022 On February 10, 2022, February 11, 2022 February 10, 2023. three March 31, 2022 not 2021 On February 9, 2021, February 10, 2021 February 9, 2022. three March 31, 2022 three March 31, 2021 not 2020 On February 12, 2020, February 13, 2020 February 12, 2021. three March 31, 2021, not

Note 15 - Share-based Payments

Note 15 - Share-based Payments	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	15. 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, 2022 March 31, 2021 Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period 901,651 $ 56.44 845,020 $ 55.31 Granted 7,000 71.43 - - Exercised (11,592 ) 56.63 (28,337 ) 47.03 Forfeited (12,568 ) 86.20 (8,064 ) 60.72 Expired (1,237 ) 62.51 - - Outstanding, end of period 883,254 64.37 808,619 55.55 Options exercisable, end of period 405,846 $ 56.40 378,258 $ 49.35 As of March 31, 2022 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 $19.95 - $19.95 7,000 $ 19.95 0.9 $ 338 7,000 $ 19.95 0.9 $ 338 $21.10 - $21.10 20,892 21.10 0.8 986 20,892 21.10 0.8 986 $46.90 - $48.00 11,000 47.35 3.6 231 6,000 47.17 2.5 127 $51.82 - $59.98 219,671 55.59 2.4 2,793 209,396 55.60 2.2 2,660 $60.01 - $68.41 335,716 62.03 4.3 2,108 149,858 63.13 4.0 777 $70.13 - $79.51 272,475 78.47 6.0 - 12,700 72.61 5.7 - $80.61 - $82.07 16,500 81.27 6.5 - - - - - 883,254 $ 64.37 4.3 $ 6,456 405,846 $ 56.40 2.9 $ 4,888 Total unrecognized compensation cost relating to unvested stock options at March 31, 2022 mately $8.3 of 2.7 The Company recorded stock-based compensation of $1.4 million for the three March 31, 2022 three March 31, 2021 The Company has not

Note 16 - Fair Value Measuremen

Note 16 - Fair Value Measurement	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Fair Value Disclosures [Text Block]	16. 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 Equity investments without readily determinable fair value include ownership rights that do not The following table provides a summary of the fair values of the Company’s derivative instruments measured at fair value on a recurring basis as at March 31, 2022 March 31, 2022 Fair Value Measurement Using Assets Level 1 Level 2 Level 3 at Fair value Derivative instrument asset, net $ - $ 1,817 $ - $ 1,817 Total asset, net $ - $ 1,817 $ - $ 1,817 The following table provides a summary of the fair values of the Company’s derivative instruments measured at fair value on a recurring basis as at December 31, 2021 December 31, 2021 Fair Value Measurement Using Assets Level 1 Level 2 Level 3 at Fair value Derivative instrument asset, net $ - $ 452 $ - $ 452 Total assets, net $ - $ 452 $ - $ 452

Note 17 - Other Income

Note 17 - Other Income	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	17. On August 1, 2020, one three March 31, 2022 three March 31, 2021 (Dollar amounts in thousands of U.S. dollars) Three Months Ended March 31, 2022 2021 Income earned on sale of Transferred Assets $ 4,752 $ 5,395 Gain on sale of Ting Customer Assets $ 4,752 $ 5,395

Note 18 - Contingencies

Note 18 - Contingencies	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	18. From time to time, the Company has legal claims and lawsuits in connection with its ordinary business operations. The Company vigorously defends such claims. While the final outcome with respect to any actions or claims outstanding or pending as of March 31, 2022 not

Note 5 - Derivative Instrumen_2

Note 5 - Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	Maturity date (Dollar amounts in thousands of U.S. dollars) Notional amount of U.S. dollars Weighted average exchange rate of U.S. dollars Fair value Asset / (Liability) April - June 2022 $ 6,453 1.2801 $ 163 July - September 2022 3,779 1.2801 95 October - December 2022 3,476 1.2801 86 $ 13,708 1.2801 $ 344
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Derivatives (Dollar amounts in thousands of U.S. dollars) Balance Sheet Location As of March 31, 2022 Fair Value Asset (Liability) As of December 31, 2021 Fair Value Asset (Liability) Foreign Currency forward contracts designated as cash flow hedges (net) Derivative instruments $ 344 $ 62 Interest rate swap contract designated as a cash flow hedge (net) Derivative instruments 1,473 390 Total foreign currency and interest swap forward contracts (net) Derivative instruments $ 1,817 $ 452
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, 2021 $ 450 $ (107 ) $ 343 Other comprehensive income (loss) before reclassifications 1,276 (308 ) 968 Amount reclassified from AOCI 87 (21 ) 66 Other comprehensive income (loss) for the three months ended March 31, 2022 1,363 (329 ) 1,034 Ending AOCI Balance - March 31, 2022 $ 1,813 $ (436 ) $ 1,377 Derivatives in Cash Flow Hedging Relationship Amount of Gain or (Loss) Recognized in OCI, net of tax, on Derivative Location of Gain or (Loss) Reclassified from AOCI into Income Amount of Gain or (Loss) Reclassified from AOCI into Income Operating expenses $ (58 ) Foreign currency forward contracts for the three months ended March 31, 2022 $ 1,056 Cost of revenues $ (12 ) Interest rate swap contract for the three months ended March 31, 2022 $ (88 ) Interest expense, net $ (17 ) Operating expenses $ 949 Foreign currency forward contracts for the three months ended March 31, 2021 $ (615 ) Cost of revenues $ 156 Interest rate swap contract for the three months ended March 31, 2021 $ 149 Interest expense, net $ (19 )
Derivatives Not Designated as Hedging Instruments [Table Text Block]	Three Months Ended March 31, Forward currency contracts not designated as hedges: 2022 2021 Gain (loss) on settlement $ - $ 420 Gain (loss) on change in fair value (167 ) $ - $ 253

Note 6 - Goodwill and Other I_2

Note 6 - Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2022
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 3 - 7 years 2 - 7 years 15 years Balances, December 31, 2021 $ 11,156 $ 1,135 $ 5,010 $ 28,634 $ 3,392 $ 1,082 $ 50,409 Acquisition of customer relationships - - - 95 - - 95 Additions to/(disposals from) domain portfolio, net - (2 ) - - - - (2 ) Amortization expense - - (518 ) (2,145 ) (155 ) (25 ) (2,843 ) Balances, March 31, 2022 $ 11,156 $ 1,133 $ 4,492 $ 26,584 $ 3,237 $ 1,057 $ 47,659
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Year ending December 31, Remainder of 2022 $ 8,218 2023 10,153 2024 6,531 2025 4,393 2026 2,668 Thereafter 3,407 Total $ 35,370

Note 7 - Loan Payable (Tables)

Note 7 - Loan Payable (Tables)	3 Months Ended
	Mar. 31, 2022
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 2.00 Greater than or equal to 2.00 and less than 2.50 Greater than or equal to 2.50 and less than 3.00 Greater than or equal to 3.00 and less than 3.50 Greater than or equal to 3.50 and less than 4.00 Greater than or equal to 4.00 Canadian dollar borrowings based on Bankers’ Acceptance or U.S. dollar borrowings based on LIBOR (Margin) 1.75 % 2.25 % 2.50 % 2.75 % 3.00 % 3.25 % Canadian or U.S. dollar borrowings based on Prime Rate or U.S. dollar borrowings based on Base Rate (Margin) 0.50 % 1.00 % 1.25 % 1.50 % 1.75 % 2.00 % Standby fees 0.35 % 0.45 % 0.50 % 0.55 % 0.60 % 0.65 %
Schedule of Debt [Table Text Block]	March 31, 2022 December 31, 2021 Revolver $ 207,900 $ 191,400 Less: unamortized debt discount and issuance costs (717 ) (652 ) Total loan payable 207,183 190,748 Less: loan payable, current portion - - Loan payable, long-term portion $ 207,183 $ 190,748
Schedule of Maturities of Long-Term Debt [Table Text Block]	Remainder of 2022 $ - 2023 207,900 $ 207,900

Note 9 - Basic and Diluted Ea_2

Note 9 - Basic and Diluted Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, 2022 2021 Numerator for basic and diluted earnings per common share: Net income for the period $ (3,020 ) $ 2,149 Denominator for basic and diluted earnings per common share: Basic weighted average number of common shares outstanding 10,754,758 10,617,807 Effect of outstanding stock options - 178,955 Diluted weighted average number of shares outstanding 10,754,758 10,796,762 Basic earnings per common share $ (0.28 ) $ 0.20 Diluted earnings per common share $ (0.28 ) $ 0.20

Note 10 - Revenue (Tables)

Note 10 - Revenue (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended March 31, 2022 2021 Fiber Internet Services: Fiber Internet Services $ 9,788 $ 5,082 Platform Services: Platform Services 6,097 638 Other Professional Services 750 - Total Platform Services 6,847 638 Domain Services: Wholesale Domain Services 46,836 46,991 Value Added Services 5,649 5,080 Total Wholesale 52,485 52,071 Retail 9,061 9,154 Total Domain Services 61,546 61,225 Corporate: Mobile services and eliminations 2,918 3,930 $ 81,099 $ 70,875
Schedule of Cost of Revenues by Revenue Stream [Table Text Block]	Three Months Ended March 31, 2022 2021 Fiber Internet Services: Fiber Internet Services $ 4,038 $ 2,609 Platform Services: Platform Services 185 85 Other Professional Services 776 - Total Platform Services 961 85 Domain Services: Wholesale Domain Services 36,397 35,773 Value Added Services 656 599 Total Wholesale 37,053 36,372 Retail 4,759 4,401 Total Domain Services 41,812 40,773 Corporate: Mobile services and eliminations 2,610 2,720 Network Expenses: Network, other costs 4,180 3,238 Network, depreciation of property and equipment 5,895 3,638 Network, amortization of intangible assets 378 299 Network, impairment of property and equipment 27 60 Total Network Expenses 10,480 7,235 $ 59,901 $ 53,422
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	March 31, 2022 Balance, beginning of period $ 147,793 Deferred revenue 65,315 Recognized revenue (60,942 ) Balance, end of period $ 152,166 March 31, 2022 Balance, beginning of period $ 778 Consideration recognized as revenue 5,677 Transferred to receivables (3,172 ) Balance, end of period $ 3,283

Note 11 - Costs to Obtain and_2

Note 11 - Costs to Obtain and Fulfill a Contract (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Capitalized Contract Cost [Table Text Block]	March 31, 2022 Balance, beginning of period $ 112,711 Deferral of costs 45,132 Recognized costs (43,183 ) Balance, end of period $ 114,660

Note 12 - Leases (Tables)

Note 12 - Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Lease, Cost [Table Text Block]	For the Three Months Ended March 31, 2022 2021 Operating Lease Cost (leases with a total term greater than 12 months) $ 849 $ 534 Short-term Lease Cost (leases with a total term of 12 months or less) 11 50 Variable Lease Cost 103 176 Total Lease Cost $ 963 $ 760 For the Three Months Ended March 31, Supplemental cashflow information: 2022 2021 Operating Lease - Operating Cash Flows (Fixed Payments) $ 936 $ 551 Operating Lease - Operating Cash Flows (Liability Reduction) $ 832 $ 472 New ROU Assets - Operating Leases $ 1,378 $ 1,394 Supplemental balance sheet information related to leases: March 31, 2022 December 31, 2021 Weighted Average Discount Rate 3.11 % 3.09 % Weighted Average Remaining Lease Term 7.36 yrs 7.74 yrs
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	March 31, 2022 Remaining of 2022 $ 2,854 2023 3,818 2024 2,883 2025 2,055 2026 1,501 Thereafter 4,245 Total future lease payments 17,356 Less imputed interest 1,673 Total $ 15,683

Note 13 - Segment Reporting (Ta

Note 13 - Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Condensed Income Statement [Table Text Block]	Reconciliation of Adjusted EBITDA to Income before Provision for Income Taxes Three Months Ended March 31, (In Thousands of US Dollars) 2022 2021 (unaudited) (unaudited) (unaudited) Adjusted EBITDA $ 11,311 $ 12,724 Depreciation of property and equipment 6,043 3,759 Impairment and loss on disposition of property and equipment 412 60 Amortization of intangible assets 2,843 2,619 Interest expense, net 1,796 936 Accretion of contingent consideration 98 96 Stock-based compensation 1,391 1,022 Unrealized loss (gain) on change in fair value of forward contracts - 166 Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities 53 67 Acquisition and other costs 1 617 767 Income before provision for income taxes $ (1,942 ) $ 3,232 Fiber Internet Services Platform Services Domain Services Corporate Consolidated Totals For the Three Months Ended March 31, 2022 Net Revenues $ 9,788 $ 6,847 $ 61,546 $ 2,918 $ 81,099 Direct cost of revenues 4,038 961 41,812 2,610 49,421 Segment Gross Margin 5,750 5,886 19,734 308 31,678 Adjusted EBITDA $ (4,321 ) $ 2,047 $ 11,774 $ 1,811 $ 11,311 Fiber Internet Services Platform Services Domain Services Corporate Consolidated Totals For the Three Months Ended March 31, 2021 Net Revenues $ 5,082 $ 638 $ 61,225 $ 3,930 $ 70,875 Direct cost of revenues 2,609 85 40,773 2,720 46,187 Segment Gross Margin 2,473 553 20,452 1,210 24,688 Adjusted EBITDA $ (3,927) $ (1,080) $ 13,196 $ 4,535 $ 12,724
Schedule of Property Plant and Equipment by Geographic Region [Table Text Block]	March 31, 2022 December 31, 2021 Canada $ 1,721 $ 1,994 United States 189,698 170,630 Europe 37 38 $ 191,456 $ 172,662
Schedule of Acquired Intangible Assets by Major Class [Table Text Block]	March 31, 2022 December 31, 2021 Canada $ 3,899 $ 1,386 United States 31,471 36,732 $ 35,370 $ 38,118
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Allowance for doubtful accounts Balance at beginning of period Charged to costs and expenses Write-offs during period Balance at end of period Three Months Ended March 31, 2022 $ 541 $ - $ 6 $ 535 Twelve months ended December 31, 2021 $ 222 $ 319 $ - $ 541

Note 14 - Stockholders' Equity

Note 14 - Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Accumulated Additional other Total Common stock paid in Retained comprehensive stockholders' Number Amount capital earnings income (loss) equity Balances, December 31, 2021 10,747,417 $ 28,515 $ 2,764 $ 83,470 $ 343 $ 115,092 Exercise of stock options 11,592 757 (242 ) - - 515 Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration (1,860 ) - - - - - Stock-based compensation 5,432 383 1,008 - - 1,391 Net income - - - (3,020 ) - (3,020 ) Other comprehensive income (loss) - - - - 1,034 1,034 Balances, March 31, 2022 10,762,581 $ 29,655 $ 3,530 $ 80,450 $ 1,377 $ 115,012

Note 15 - Share-based Payments

Note 15 - Share-based Payments (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period 901,651 $ 56.44 845,020 $ 55.31 Granted 7,000 71.43 - - Exercised (11,592 ) 56.63 (28,337 ) 47.03 Forfeited (12,568 ) 86.20 (8,064 ) 60.72 Expired (1,237 ) 62.51 - - Outstanding, end of period 883,254 64.37 808,619 55.55 Options exercisable, end of period 405,846 $ 56.40 378,258 $ 49.35
Share-Based Payment Arrangement, Option, 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 $19.95 - $19.95 7,000 $ 19.95 0.9 $ 338 7,000 $ 19.95 0.9 $ 338 $21.10 - $21.10 20,892 21.10 0.8 986 20,892 21.10 0.8 986 $46.90 - $48.00 11,000 47.35 3.6 231 6,000 47.17 2.5 127 $51.82 - $59.98 219,671 55.59 2.4 2,793 209,396 55.60 2.2 2,660 $60.01 - $68.41 335,716 62.03 4.3 2,108 149,858 63.13 4.0 777 $70.13 - $79.51 272,475 78.47 6.0 - 12,700 72.61 5.7 - $80.61 - $82.07 16,500 81.27 6.5 - - - - - 883,254 $ 64.37 4.3 $ 6,456 405,846 $ 56.40 2.9 $ 4,888

Note 16 - Fair Value Measurem_2

Note 16 - Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	March 31, 2022 Fair Value Measurement Using Assets Level 1 Level 2 Level 3 at Fair value Derivative instrument asset, net $ - $ 1,817 $ - $ 1,817 Total asset, net $ - $ 1,817 $ - $ 1,817 December 31, 2021 Fair Value Measurement Using Assets Level 1 Level 2 Level 3 at Fair value Derivative instrument asset, net $ - $ 452 $ - $ 452 Total assets, net $ - $ 452 $ - $ 452

Note 17 - Other Income (Tables)

Note 17 - Other Income (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Other Nonoperating Income (Expense) [Table Text Block]	(Dollar amounts in thousands of U.S. dollars) Three Months Ended March 31, 2022 2021 Income earned on sale of Transferred Assets $ 4,752 $ 5,395 Gain on sale of Ting Customer Assets $ 4,752 $ 5,395

Note 4 - Acquisitions (Details

Note 4 - Acquisitions (Details Textual)	Nov. 08, 2021
Simply Bits LLC [Member]
Business Acquisition, Percentage of Voting Interests Acquired	100.00%

Note 5 - Derivative Instrumen_3

Note 5 - Derivative Instruments and Hedging Activities (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	May 31, 2020
Interest Rate Swap [Member]
Derivative, Notional Amount	$ 70	$ 70	$ 70
Forward Contracts [Member]
Derivative, Notional Amount	13.7	25.2
Forward Contracts [Member] | Designated as Hedging Instrument [Member]
Derivative, Notional Amount	$ 13.7	$ 25.2
Forward Contracts [Member] | Minimum [Member]
Derivative, Term of Contract (Month)	1 month
Forward Contracts [Member] | Maximum [Member]
Derivative, Term of Contract (Month)	18 months

Note 5 - Derivative Instrumen_4

Note 5 - Derivative Instruments and Hedging Activities - Foreign Currency Forward Contracts (Details) $ in Thousands	Mar. 31, 2022USD ($)
Foreign Exchange Forward 1 [Member]
Notional amount of U.S. dollars	$ 6,453
Weighted average exchange rate of U.S. dollars	1.2801
Foreign currency forward contracts, asset	$ 163
Foreign Exchange Forward 2 [Member]
Notional amount of U.S. dollars	$ 3,779
Weighted average exchange rate of U.S. dollars	1.2801
Foreign currency forward contracts, asset	$ 95
Foreign Exchange Forward 3 [Member]
Notional amount of U.S. dollars	$ 3,476
Weighted average exchange rate of U.S. dollars	1.2801
Foreign currency forward contracts, asset	$ 86
Foreign Exchange Forward 4 [Member]
Notional amount of U.S. dollars	$ 13,708
Weighted average exchange rate of U.S. dollars	1.2801
Foreign currency forward contracts, asset	$ 344

Note 5 - Derivative Instrumen_5

Note 5 - Derivative Instruments and Hedging Activities - Fair Value of Derivative Instruments in the Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Cash Flow Hedging [Member] | Interest Rate Swap [Member]
Interest rate swap contract designated as a cash flow hedge (net)	$ 1,473	$ 390
Derivative Instruments [Member]
Foreign currency forward contracts, asset	1,817	452
Derivative Instruments [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Foreign currency forward contracts, asset	$ 344	$ 62

Note 5 - Derivative Instrumen_6

Note 5 - Derivative Instruments and Hedging Activities - Movement in AOCI Balance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
AOCI balance, Gains and losses on cash flow hedges	$ 450
AOCI balance, Tax impact	(107)
AOCI balance	343
Other comprehensive income (loss) before reclassifications, Gains and losses on cash flow hedges	1,276
Other comprehensive income (loss) before reclassifications, Tax impact	(308)
Other comprehensive income (loss) before reclassifications	968	$ 368
Amount reclassified from AOCI, Gains and losses on cash flow hedges	87
Amount reclassified from AOCI, Tax impact	21
Amount reclassified from AOCI	66	(834)
Other comprehensive income (loss) for the three months ended March 31, 2022	1,363
Other comprehensive income (loss) for the three months ended March 31, 2022	(329)
Other comprehensive income (loss) for the three months ended March 31, 2022	1,034
AOCI balance, Gains and losses on cash flow hedges	1,813
AOCI balance, Tax impact	(436)
AOCI balance	1,377
Amount of Gain or (Loss) Recognized in OCI, net of tax, on Derivative	1,034
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Interest Expense, Net [Member]
Other comprehensive income (loss) for the three months ended March 31, 2022	(88)
Amount of Gain or (Loss) Recognized in OCI, net of tax, on Derivative	(88)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Cost of Sales [Member]
Other comprehensive income (loss) for the three months ended March 31, 2022	1,056	(615)
Amount of Gain or (Loss) Recognized in OCI, net of tax, on Derivative	1,056	(615)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Expense, Net [Member]
Other comprehensive income (loss) for the three months ended March 31, 2022		149
Amount of Gain or (Loss) Recognized in OCI, net of tax, on Derivative		149
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member] | Operating Expense [Member]
Amount of Gain or Reclassified from AOCI into Income	(58)	949
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member] | Cost of Sales [Member]
Amount of Gain or Reclassified from AOCI into Income	(12)	156
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member] | Interest Expense, Net [Member]
Amount of Gain or Reclassified from AOCI into Income		$ (19)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Interest Expense, Net [Member]
Amount of Gain or Reclassified from AOCI into Income	$ (17)

Note 5 - Derivative Instrumen_7

Note 5 - Derivative Instruments and Hedging Activities - Fair Value Adjustments of Forward Currency Forward Contracts Not Designated as Hedges (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Gain (Loss) on Sale of Derivatives	$ 0	$ 253
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member]
Gain (loss) on settlement		420
Gain (loss) on change in fair value		(167)
Gain (Loss) on Sale of Derivatives		$ 253
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member] | Maximum [Member]
Gain (loss) on settlement	0
Gain (loss) on change in fair value
Gain (Loss) on Sale of Derivatives	$ 0

Note 6 - Goodwill and Other I_3

Note 6 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Goodwill, Ending Balance	$ 130,410		$ 130,410
Goodwill, Impairment Loss	$ 0	$ 0
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	2 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	15 years
Domain Services Operating Segment [Member]
Goodwill, Ending Balance	$ 107,700
Goodwill Percentage Related to Operating Segments	83.00%
Network Access Services [Member]
Goodwill, Ending Balance	$ 22,700
Goodwill Percentage Related to Operating Segments	17.00%
Mobile Platform Services [Member]
Goodwill Percentage Related to Operating Segments	0.00%

Note 6 - Goodwill and Other I_4

Note 6 - Goodwill and Other Intangible Assets - Acquired Intangible Assets by Major Class (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Balances	$ 50,409
Acquisition of customer relationships	95
Additions to/(disposals from) domain portfolio, net	(2)	$ (1)
Amortization expense	(2,843)	$ (2,619)
Balances	47,659
Brand [Member]
Balances	5,010
Acquisition of customer relationships	0
Amortization expense	(518)
Balances	4,492
Customer Relationships [Member]
Balances	28,634
Acquisition of customer relationships	95
Amortization expense	(2,145)
Balances	26,584
Technology-Based Intangible Assets [Member]
Balances	3,392
Acquisition of customer relationships	0
Amortization expense	(155)
Balances	3,237
Network Rights [Member]
Balances	1,082
Acquisition of customer relationships	0
Amortization expense	(25)
Balances	1,057
Surname Domain Names [Member]
Balances	11,156
Acquisition of customer relationships	0
Additions to/(disposals from) domain portfolio, net	0
Balances	11,156
Direct Navigation Domain Names [Member]
Balances	1,135
Acquisition of customer relationships	0
Additions to/(disposals from) domain portfolio, net	(2)
Balances	$ 1,133

Note 6 - Goodwill and Other I_5

Note 6 - Goodwill and Other Intangible Assets - Estimated Future Amortization Expense of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Remainder of 2022	$ 8,218
2023	10,153
2024	6,531
2025	4,393
2026	2,668
Thereafter	3,407
Total	$ 35,370	$ 38,118

Note 7 - Loan Payable (Details

Note 7 - Loan Payable (Details Textual) $ in Thousands	Jun. 14, 2019USD ($)	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2023	Oct. 26, 2021USD ($)
Payments of Financing Costs, Total		$ 177	$ 0
Royal Bank, Bank of Montreal, Bank of Nova Scotia, HSBC and CIBC [Member]
Debt Issuance Costs, Gross				$ 400
Debt Instrument, Term (Year)	4 years
Maximum Total Funded Debt to EBITDA Ratio						4.50
Minimum Fixed Charge Coverage Ratio						3
Royal Bank, Bank of Montreal, Bank of Nova Scotia, HSBC and CIBC [Member] | Forecast [Member]
Maximum Total Funded Debt to EBITDA Ratio					4
Royal Bank, Bank of Montreal, Bank of Nova Scotia, HSBC and CIBC [Member] | General and Administrative Expense [Member]
Payments of Financing Costs, Total				100
Royal Bank, Bank of Montreal, Bank of Nova Scotia, HSBC and CIBC [Member] | Guaranteed Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 240,000					$ 180,000
Royal Bank, Bank of Montreal, Bank of Nova Scotia, HSBC and CIBC [Member] | Accordion Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 60,000
Fees to Lenders				300
Legal Fees				$ 200

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, 2022
Debt to EBITDA is Less Than 2.00 [Member]
Standby fees	0.35%
Debt to EBITDA is Greater Than or Equal to 2.00 and Less Than 2.50 [Member]
Standby fees	0.45%
Debt to EBITDA is Greater Than or Equal to 2.50 and Less Than 3.00 [Member]
Standby fees	0.50%
Debt to EBITDA is Greater Than or Equal to 3.00 and Less Than 3.50 [Member]
Standby fees	0.55%
Debt to EBITDA is Greater Than or Equal to 3.50 and Less Than 4.00 [Member]
Standby fees	0.60%
Debt to EBITDA is Greater Than or Equal to 4.00 [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 2.00 [Member]
Basis Spread on Variable Rate	1.75%
Bank of Montreal and Royal Bank of Canada [Member] | London Interbank Offered Rate (LIBOR) [Member] | Debt to EBITDA is Greater Than or Equal to 2.00 and Less Than 2.50 [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 2.50 and Less Than 3.00 [Member]
Basis Spread on Variable Rate	2.50%
Bank of Montreal and Royal Bank of Canada [Member] | London Interbank Offered Rate (LIBOR) [Member] | Debt to EBITDA is Greater Than or Equal to 3.00 and Less Than 3.50 [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 3.50 and Less Than 4.00 [Member]
Basis Spread on Variable Rate	3.00%
Bank of Montreal and Royal Bank of Canada [Member] | London Interbank Offered Rate (LIBOR) [Member] | Debt to EBITDA is Greater Than or Equal to 4.00 [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 2.00 [Member]
Basis Spread on Variable Rate	0.50%
Bank of Montreal and Royal Bank of Canada [Member] | Base Rate [Member] | Debt to EBITDA is Greater Than or Equal to 2.00 and Less Than 2.50 [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 2.50 and Less Than 3.00 [Member]
Basis Spread on Variable Rate	1.25%
Bank of Montreal and Royal Bank of Canada [Member] | Base Rate [Member] | Debt to EBITDA is Greater Than or Equal to 3.00 and Less Than 3.50 [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 3.50 and Less Than 4.00 [Member]
Basis Spread on Variable Rate	1.75%
Bank of Montreal and Royal Bank of Canada [Member] | Base Rate [Member] | Debt to EBITDA is Greater Than or Equal to 4.00 [Member]
Basis Spread on Variable Rate	2.00%

Note 7 - Loan Payable - Sched_2

Note 7 - Loan Payable - Schedule of Loans Payable (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loans payable	$ 207,183	$ 190,748
Less: unamortized debt discount and issuance costs	(717)	(652)
Less: loan payable, current portion	0	0
Loan payable, long-term portion	207,183	190,748
Revolver Facility [Member]
Loans payable	$ 207,900	$ 191,400

Note 7 - Loan Payable - Princip

Note 7 - Loan Payable - Principal Repayments (Details) $ in Thousands	Mar. 31, 2022USD ($)
Remainder of 2022	$ 0
2023	207,900
Long-term Debt	$ 207,900

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Income Tax Expense (Benefit), Total	$ 1,078	$ 1,083
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	$ (1,942)	$ 3,232
Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-based Payment Arrangement, Amount			$ 200

Note 9 - Basic and Diluted Ea_3

Note 9 - Basic and Diluted Earnings Per Common Share (Details Textual)	3 Months Ended
	Mar. 31, 2021shares
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	4,004

Note 9 - Basic and Diluted Ea_4

Note 9 - Basic and Diluted Earnings Per Common Share - Summary of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net income for the period	$ (3,020)	$ 2,149
Shares used in computing basic earnings per common share (note 9) (in shares)	10,754,758	10,617,807
Effect of outstanding stock options (in shares)	0	178,955
Diluted weighted average number of shares outstanding (in shares)	10,754,758	10,796,762
Basic earnings per common share (note 9) (in dollars per share)	$ (0.28)	$ 0.20
Diluted earnings per common share (note 9) (in dollars per share)	$ (0.28)	$ 0.20

Note 10 - Revenue 1 (Details Te

Note 10 - Revenue 1 (Details Textual)	3 Months Ended
	Mar. 31, 2022
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	2 years
Minimum [Member] | Active Domain Name Contracts [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	1 year
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	15 years
Maximum [Member] | Active Domain Name Contracts [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	10 years
Customer Concentration Risk [Member] | Accounts Receivable [Member]
Number of Customers	1
Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Customer [Member]
Concentration Risk, Percentage	46.00%

Note 10 - Revenue 2 (Details Te

Note 10 - Revenue 2 (Details Textual) - Active Domain Name Contracts [Member] - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01	Mar. 31, 2022
Revenue, Remaining Performance Obligation, Percentage	80.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Month)	12 months

Note 10 - Revenue - Disaggregat

Note 10 - Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net Revenues	$ 81,099	$ 70,875
Consolidation, Eliminations [Member]
Net Revenues	2,918	3,930
Fiber Internet Services [Member] | Operating Segments [Member]
Net Revenues	9,788	5,082
Mobile Platform Services [Member] | Operating Segments [Member]
Net Revenues	6,847	638
Mobile Platform Services [Member] | Operating Segments [Member] | Platform Services [Member]
Net Revenues	6,097
Mobile Services [Member] | Operating Segments [Member]
Net Revenues	6,847	638
Mobile Services [Member] | Operating Segments [Member] | Platform Services [Member]
Net Revenues		638
Mobile Services [Member] | Operating Segments [Member] | Other Services [Member]
Net Revenues	750	0
Domain Name Services [Member] | Wholesale [Member]
Net Revenues	52,485	52,071
Domain Name Services [Member] | Domain Services [Member] | Wholesale [Member]
Net Revenues	46,836	46,991
Domain Name Services [Member] | Value Added Services [Member] | Wholesale [Member]
Net Revenues	5,649	5,080
Domain Name Services [Member] | Operating Segments [Member]
Net Revenues	61,546	61,225
Domain Name Services [Member] | Operating Segments [Member] | Retail [Member]
Net Revenues	$ 9,061	$ 9,154

Note 10 - Revenue - Cost of Rev

Note 10 - Revenue - Cost of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Network, other costs	$ 4,180	$ 3,238
Network, depreciation of property and equipment	5,895	3,638
Network, amortization of intangible assets	378	299
Network, impairment of property and equipment	27	60
Cost of revenue	59,901	53,422
Corporate, Non-Segment [Member]
Cost of revenue	2,610	2,720
Cost of revenue	2,610	2,720
Network Expenses [Member]
Network, other costs	4,180	3,238
Network, depreciation of property and equipment	5,895	3,638
Network, amortization of intangible assets	378	299
Network, impairment of property and equipment	27	60
Cost of revenue	10,480	7,235
Fiber Internet Services [Member]
Cost of revenue	4,038	2,609
Cost of revenue	4,038	2,609
Mobile Services [Member] | Platform Services [Member]
Cost of revenue	185	85
Cost of revenue	185	85
Mobile Services [Member] | Other Services [Member]
Cost of revenue	776	0
Cost of revenue	776	0
Mobile Platform Services [Member]
Cost of revenue	961	85
Cost of revenue	961	85
Domain Name Services [Member]
Cost of revenue	41,812	40,773
Cost of revenue	41,812	40,773
Domain Name Services [Member] | Wholesale [Member]
Cost of revenue	37,053	36,372
Cost of revenue	37,053	36,372
Domain Name Services [Member] | Retail Services [Member]
Cost of revenue	4,759	4,401
Cost of revenue	4,759	4,401
Domain Name Services [Member] | Domain Services [Member] | Wholesale [Member]
Cost of revenue	36,397	35,773
Cost of revenue	36,397	35,773
Domain Name Services [Member] | Value Added Services [Member] | Wholesale [Member]
Cost of revenue	656	599
Cost of revenue	$ 656	$ 599

Note 10 - Revenue - Deferred Re

Note 10 - Revenue - Deferred Revenue and Contract Assets (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Balance, beginning of period	$ 147,793
Deferred revenue	65,315
Recognized revenue	(60,942)
Balance, end of period	152,166
Balance	778
Consideration recognized as revenue	5,677
Transferred to receivables	(3,172)
Balance	$ 3,283

Note 11 - Costs to Obtain and_3

Note 11 - Costs to Obtain and Fulfill a Contract (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Capitalized Contract Cost, Amortization	$ (227)	$ (7)
Deferred Costs of Acquisition [Member]
Increase (Decrease) in Capitalized Costs	45,100
Capitalized Contract Cost, Amortization	$ 43,200
Deferred Costs of Acquisition [Member] | Minimum [Member]
Capitalized Contract Cost, Amortization Period (Year)	1 year
Deferred Costs of Acquisition [Member] | Maximum [Member]
Capitalized Contract Cost, Amortization Period (Year)	10 years
Domain Registration Costs [Member]
Capitalized Contract Cost, Impairment Loss	$ 0

Note 11 - Costs to Obtain and_4

Note 11 - Costs to Obtain and Fulfill a Contract - Capitalized Contract Costs Activity (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Deferral of costs	$ 45,132
Recognized costs	(43,183)
Deferred Costs of Acquisition [Member]
Balance	112,711
Balance	$ 114,660

Note 12 - Leases (Details Textu

Note 12 - Leases (Details Textual)	3 Months Ended
	Mar. 31, 2022
Lessee, Operating Lease, Renewal Term (Year)	5 years
Lessee, Operating Lease, Option to Terminate Term (Year)	1 year
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	20 years

Note 12 - Leases - Components o

Note 12 - Leases - Components of Lease Expense and Other Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Operating Lease Cost (leases with a total term greater than 12 months)	$ 849	$ 534
Short-term Lease Cost (leases with a total term of 12 months or less)	11	50
Variable Lease Cost	103	176
Total Lease Cost	963	760
Operating Lease - Operating Cash Flows (Fixed Payments)	936	551
Operating Lease - Operating Cash Flows (Liability Reduction)	832	472
New ROU Assets - Operating Leases	$ 1,378	$ 1,394
Weighted Average Discount Rate	3.11%		3.09%
Weighted Average Remaining Lease Term (Year)	7 years 4 months 9 days		7 years 8 months 26 days

Note 12 - Leases - Future Minim

Note 12 - Leases - Future Minimum Lease Payments (Details) $ in Thousands	Mar. 31, 2022USD ($)
Remaining of 2022	$ 2,854
2023	3,818
2024	2,883
2025	2,055
2026	1,501
Thereafter	4,245
Total future lease payments	17,356
Less imputed interest	1,673
Total	$ 15,683

Note 13 - Segment Reporting (De

Note 13 - Segment Reporting (Details Textual)	3 Months Ended
	Mar. 31, 2022
Number of Operating Segments	3

Note 13 - Segment Reporting - I

Note 13 - Segment Reporting - Information by Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Adjusted EBITDA	$ 11,311	$ 12,724
Depreciation of property and equipment	6,043	3,759
Impairment and loss on disposition of property and equipment	412	60
Amortization of intangible assets	2,843	2,619
Interest expense, net	1,796	936
Accretion of contingent consideration	98	96
Share-Based Payment Arrangement, Expense	1,391	1,022
Unrealized loss (gain) on change in fair value of forward contracts	0	166
Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities	53	67
Acquisition and other costs1	617	767
Income before provision for income taxes	(1,942)	3,232
Net Revenues	81,099	70,875
Direct cost of revenues	49,421	46,187
Segment Gross Margin	31,678	24,688
Corporate, Non-Segment [Member]
Adjusted EBITDA	1,811	4,535
Net Revenues	2,918	3,930
Direct cost of revenues	2,610	2,720
Segment Gross Margin	308	1,210
Fiber Internet Services [Member]
Adjusted EBITDA	11,311
Fiber Internet Services [Member] | Operating Segments [Member]
Adjusted EBITDA	(4,321)	(3,927)
Net Revenues	9,788	5,082
Direct cost of revenues	4,038	2,609
Segment Gross Margin	5,750	2,473
Mobile Services [Member]
Adjusted EBITDA		12,724
Mobile Services [Member] | Operating Segments [Member]
Adjusted EBITDA	2,047	(1,080)
Net Revenues	6,847	638
Direct cost of revenues	961	85
Segment Gross Margin	5,886	553
Domain Name Services [Member] | Operating Segments [Member]
Adjusted EBITDA	11,774	13,196
Net Revenues	61,546	61,225
Direct cost of revenues	41,812	40,773
Segment Gross Margin	$ 19,734	$ 20,452

Note 13 - Segment Reporting - S

Note 13 - Segment Reporting - Summary of Property and Equipment by Geographic Region (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Property and equipment	$ 191,456	$ 172,662
CANADA
Property and equipment	1,721	1,994
UNITED STATES
Property and equipment	189,698	170,630
Europe [Member]
Property and equipment	$ 37	$ 38

Note 13 - Segment Reporting -_2

Note 13 - Segment Reporting - Summary of Amortizable Intangible Assets by Geographic Region (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Amortizable intangible assets	$ 35,370	$ 38,118
CANADA
Amortizable intangible assets	3,899	1,386
UNITED STATES
Amortizable intangible assets	$ 31,471	$ 36,732

Note 13 - Segment Reporting -_3

Note 13 - Segment Reporting - Summary of Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Balance at beginning of period	$ 541	$ 222
Charged to costs and expenses	0	319
Write-offs during period	6	0
Balance at end of period	$ 535	$ 541

Note 14 - Stockholders' Equit_2

Note 14 - Stockholders' Equity (Details Textual) - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Feb. 10, 2022	Feb. 09, 2021	Feb. 13, 2020	Feb. 12, 2020
Stock Buyback Program 2022 [Member]
Stock Repurchase Program, Authorized Amount			$ 40
Stock Repurchased and Retired During Period, Shares (in shares)	0
Stock Buyback Program 2021 [Member]
Stock Repurchase Program, Authorized Amount				$ 40
Stock Repurchased and Retired During Period, Shares (in shares)		0
Stock Buyback Program 2020 [Member]
Stock Repurchase Program, Authorized Amount					$ 40	$ 40
Stock Repurchased and Retired During Period, Shares (in shares)		0

Note 14 - Stockholders' Equit_3

Note 14 - Stockholders' Equity - Stockholders' Equity Transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Balances	$ 115,092
Exercise of stock options (in shares)	11,592	28,337
Exercise of stock options	$ 515
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration	0
Stock-based compensation	1,391
Net income	(3,020)	$ 2,149
Other comprehensive income (loss)	1,034	$ (466)
Balances	$ 115,012
Common Stock [Member]
Balances (in shares)	10,747,417
Balances	$ 28,515
Exercise of stock options (in shares)	11,592
Exercise of stock options	$ 757
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration (in shares)	(1,860)
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration	$ 0
Stock-based compensation	383
Other comprehensive income (loss)	$ 0
Balances (in shares)	10,762,581
Balances	$ 29,655
Additional Paid-in Capital [Member]
Balances	2,764
Exercise of stock options	(242)
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration	0
Stock-based compensation	1,008
Other comprehensive income (loss)	0
Balances	3,530
Retained Earnings [Member]
Balances	83,470
Exercise of stock options	0
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration	0
Stock-based compensation	0
Net income	(3,020)
Other comprehensive income (loss)	0
Balances	80,450
AOCI Attributable to Parent [Member]
Balances	343
Exercise of stock options	0
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration	0
Stock-based compensation	0
Other comprehensive income (loss)	1,034
Balances	$ 1,377

Note 15 - Share-based Payment_2

Note 15 - Share-based Payments (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 8,300
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years 8 months 12 days
Share-Based Payment Arrangement, Expense	$ 1,391	$ 1,022

Note 15 - Share-based Payment_3

Note 15 - Share-based Payments - Share-based Payments (Details) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Outstanding, Number of shares (in shares)	901,651	845,020
Outstanding, Weighted average exercise price per share (in dollars per share)	$ 56.44	$ 55.31
Granted, Number of shares (in shares)	7,000	0
Granted, Weighted average exercise price per share (in dollars per share)	$ 71.43	$ 0
Exercised, Number of shares (in shares)	(11,592)	(28,337)
Exercised, Weighted average exercise price per share (in dollars per share)	$ 56.63	$ 47.03
Forfeited, Number of shares (in shares)	(12,568)	(8,064)
Forfeited, Weighted average exercise price per share (in dollars per share)	$ 86.20	$ 60.72
Expired, Number of shares (in shares)	(1,237)	0
Expired, Weighted average exercise price per share (in dollars per share)	$ 62.51	$ 0
Outstanding, Number of shares (in shares)	883,254	808,619
Outstanding, Weighted average exercise price per share (in dollars per share)	$ 64.37	$ 55.55
Number exercisable (in shares)	405,846	378,258
Options exercisable, Weighted average exercise price per share (in dollars per share)	$ 56.40	$ 49.35

Note 15 - Share-based Payment_4

Note 15 - Share-based Payments - Summary of Exercise Prices, Weighted Average Remaining Contractual Life and Intrinsic Values of Outstanding Options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Number outstanding (in shares)	883,254
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 64.37
Weighted average remaining contractual life, options outstanding (Year)	4 years 3 months 18 days
Aggregate intrinsic value, options outstanding	$ 6,456
Number exercisable (in shares)	405,846	378,258
Weighted average remaining contractual life, options exercisable (in dollars per share)	$ 56.40
Weighted average remaining contractual life, options exercisable (Year)	2 years 10 months 24 days
Aggregate intrinsic value, options exercisable	$ 4,888
Exercise Price Range 01 [Member]
Exercise price - lower limit (in dollars per share)	$ 19.95
Exercise price - upper limit (in dollars per share)	$ 19.95
Number outstanding (in shares)	7,000
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 19.95
Weighted average remaining contractual life, options outstanding (Year)	10 months 24 days
Aggregate intrinsic value, options outstanding	$ 338
Number exercisable (in shares)	7,000
Weighted average remaining contractual life, options exercisable (in dollars per share)	$ 19.95
Weighted average remaining contractual life, options exercisable (Year)	10 months 24 days
Aggregate intrinsic value, options exercisable	$ 338
Exercise Price Range 02 [Member]
Exercise price - lower limit (in dollars per share)	$ 21.10
Exercise price - upper limit (in dollars per share)	$ 21.10
Number outstanding (in shares)	20,892
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 21.10
Weighted average remaining contractual life, options outstanding (Year)	9 months 18 days
Aggregate intrinsic value, options outstanding	$ 986
Number exercisable (in shares)	20,892
Weighted average remaining contractual life, options exercisable (in dollars per share)	$ 21.10
Weighted average remaining contractual life, options exercisable (Year)	9 months 18 days
Aggregate intrinsic value, options exercisable	$ 986
Exercise Price Range 03 [Member]
Exercise price - lower limit (in dollars per share)	$ 46.90
Exercise price - upper limit (in dollars per share)	$ 48
Number outstanding (in shares)	11,000
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 47.35
Weighted average remaining contractual life, options outstanding (Year)	3 years 7 months 6 days
Aggregate intrinsic value, options outstanding	$ 231
Number exercisable (in shares)	6,000
Weighted average remaining contractual life, options exercisable (in dollars per share)	$ 47.17
Weighted average remaining contractual life, options exercisable (Year)	2 years 6 months
Aggregate intrinsic value, options exercisable	$ 127
Exercise Price Range 04 [Member]
Exercise price - lower limit (in dollars per share)	$ 51.82
Exercise price - upper limit (in dollars per share)	$ 59.98
Number outstanding (in shares)	219,671
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 55.59
Weighted average remaining contractual life, options outstanding (Year)	2 years 4 months 24 days
Aggregate intrinsic value, options outstanding	$ 2,793
Number exercisable (in shares)	209,396
Weighted average remaining contractual life, options exercisable (in dollars per share)	$ 55.60
Weighted average remaining contractual life, options exercisable (Year)	2 years 2 months 12 days
Aggregate intrinsic value, options exercisable	$ 2,660
Exercise Price Range 05 [Member]
Exercise price - lower limit (in dollars per share)	$ 60.01
Exercise price - upper limit (in dollars per share)	$ 68.41
Number outstanding (in shares)	335,716
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 62.03
Weighted average remaining contractual life, options outstanding (Year)	4 years 3 months 18 days
Aggregate intrinsic value, options outstanding	$ 2,108
Number exercisable (in shares)	149,858
Weighted average remaining contractual life, options exercisable (in dollars per share)	$ 63.13
Weighted average remaining contractual life, options exercisable (Year)	4 years
Aggregate intrinsic value, options exercisable	$ 777
Exercise Price Range 06 [Member]
Exercise price - lower limit (in dollars per share)	$ 70.13
Exercise price - upper limit (in dollars per share)	$ 79.51
Number outstanding (in shares)	272,475
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 78.47
Weighted average remaining contractual life, options outstanding (Year)	6 years
Aggregate intrinsic value, options outstanding	$ 0
Number exercisable (in shares)	12,700
Weighted average remaining contractual life, options exercisable (in dollars per share)	$ 72.61
Weighted average remaining contractual life, options exercisable (Year)	5 years 8 months 12 days
Aggregate intrinsic value, options exercisable	$ 0
Exercise Price Range 07 [Member]
Exercise price - lower limit (in dollars per share)	$ 80.61
Exercise price - upper limit (in dollars per share)	$ 82.07
Number outstanding (in shares)	16,500
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 81.27
Weighted average remaining contractual life, options outstanding (Year)	6 years 6 months
Aggregate intrinsic value, options outstanding	$ 0
Number exercisable (in shares)	0
Weighted average remaining contractual life, options exercisable (in dollars per share)	$ 0
Aggregate intrinsic value, options exercisable	$ 0

Note 16 - Fair Value Measurem_3

Note 16 - Fair Value Measurement - Summary of the Fair Values of the Company's Derivative Instrument Assets and Liabilities (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Derivative instrument asset, net	$ 1,817	$ 452
Fair Value, Inputs, Level 1 [Member]
Derivative instrument asset, net	0	0
Fair Value, Inputs, Level 2 [Member]
Derivative instrument asset, net	1,817	452
Fair Value, Inputs, Level 3 [Member]
Derivative instrument asset, net	$ 0	$ 0

Note 17 - Other Income (Details

Note 17 - Other Income (Details Textual) - Purchase Agreement With DISH Wireless LLC [Member] - USD ($) $ in Thousands	Aug. 01, 2020	Mar. 31, 2022	Mar. 31, 2021
Write Down of Intangible Assets and Capitalized Contract Costs	$ 3,500
Purchase Agreement, Duration of Monthly Fees (Year)	10 years
Purchase Agreement, Income		$ 4,752	$ 5,395

Note 17 - Other Income - Other

Note 17 - Other Income - Other Income (Expenses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Gain on sale of Ting Customer Assets	$ 4,752	$ 5,395
Purchase Agreement With DISH Wireless LLC [Member]
Income earned on sale of Transferred Assets	4,752	5,395
Gain on sale of Ting Customer Assets	$ 4,752	$ 5,395