Tucows (TCX) 10-Q 8 May 23 2023 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2023	May 05, 2023
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	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
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		10,831,435

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 11,773	$ 23,496
Accounts receivable, net of allowance for doubtful accounts of $625 as of March 31, 2023 and $693 as of December 31, 2022	24,173	18,404
Contract asset, current portion (note 9)	5,172	5,159
Inventory	6,539	7,284
Prepaid expenses and deposits	18,331	17,005
Derivative instrument asset, current portion (note 4)	1,249	1,903
Deferred costs of fulfillment, current portion (note 10)	98,258	94,198
Income taxes recoverable	2,206	2,471
Total current assets	167,701	169,920
Contract asset, long-term portion (note 9)	124	2,328
Deferred costs of fulfillment, long-term portion (note 10)	16,372	16,476
Investments	2,012	2,012
Deferred tax asset	8	0
Property and equipment	303,791	281,495
Right of use operating lease asset	22,191	20,489
Contract costs	1,976	1,827
Intangible assets (note 5)	37,084	39,790
Goodwill (note 5)	130,410	130,410
Total assets	681,669	664,747
Current liabilities:
Accounts payable	16,639	17,171
Accrued liabilities	22,032	22,653
Customer deposits	16,126	15,783
Derivative instrument liability, current portion (note 4)	129	389
Operating lease liability, current portion (note 11)	5,040	4,642
Deferred revenue, current portion (note 9)	128,977	122,894
Accreditation fees payable, current portion	662	809
Income taxes payable	2,515	2,248
Other current liabilities	0	1,600
Total current liabilities	192,120	188,189
Deferred revenue, long-term portion (note 9)	22,457	22,237
Accreditation fees payable, long-term portion	0	142
Operating lease liability, long-term portion (note 11)	13,660	12,438
Loan payable, long-term portion (note 6)	236,025	238,930
Total Redeemable Preferred Shares	124,804	90,434
Deferred tax liability	12,951	15,720
Stockholders' equity (note 13)
Common stock - no par value, 250,000,000 shares authorized; 10,831,435 shares issued and outstanding as of March 31, 2023 and 10,817,110 shares issued and outstanding as of December 31, 2022	32,461	31,868
Additional paid-in capital	9,759	8,106
Retained earnings	36,816	55,899
Accumulated other comprehensive income (note 4)	616	784
Total stockholders' equity	79,652	96,657
Total liabilities and stockholders' equity	681,669	664,747
Contingencies (note 18)

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts receivable, allowance for doubtful accounts	$ 625	$ 693
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)	10,831,435	10,817,110
Common stock, shares outstanding (in shares)	10,831,435	10,817,110

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net Revenues	$ 80,430	$ 81,099
Cost of revenues (note 9)
Direct cost of revenues	49,290	49,421
Network, other costs	6,323	4,180
Network, depreciation of property and equipment	8,436	5,895
Network, amortization of intangible assets (note 5)	378	378
Network, impairment of property and equipment	1,942	27
Total cost of revenues	66,369	59,901
Gross profit	14,061	21,198
Expenses:
Sales and marketing	15,737	11,987
Technical operations and development	4,815	3,765
General and administrative	8,146	7,296
Depreciation of property and equipment	152	148
Loss on disposition of property and equipment	0	385
Amortization of intangible assets (note 5)	2,494	2,465
Total expenses	31,344	26,046
Income (Loss) from operations	(17,283)	(4,848)
Other income (expenses):
Interest expense, net	(7,880)	(1,796)
Income earned on sale of transferred assets, net (note 16)	4,370	4,752
Other expense, net	0	(50)
Total other income (expenses)	(3,510)	2,906
Income (Loss) before provision for income taxes	(20,793)	(1,942)
Provision for income taxes (note 7)	(1,710)	1,078
Net income (loss) for the period	(19,083)	(3,020)
Other comprehensive income, net of tax
Unrealized income (loss) on hedging activities (note 4)	68	968
Net amount reclassified to earnings (note 4)	(236)	66
Other comprehensive income (loss) net of tax expense (recovery) of ($52) and $329 for the three months ended March 31, 2023 and March 31, 2022 (note 4)	(168)	1,034
Comprehensive income (loss), for the period	$ (19,251)	$ (1,986)
Basic loss per common share (note 8) (in dollars per share)	$ (1.77)	$ (0.28)
Shares used in computing basic loss per common share (note 8) (in shares)	10,806,321	10,754,758
Diluted loss per common share (note 8) (in dollars per share)	$ (1.77)	$ (0.28)
Shares used in computing diluted loss per common share (note 8) (in shares)	10,806,321	10,754,758

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Other comprehensive income (loss),Tax Expense (Recovery)	$ (52)	$ 329

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating activities:
Net income/(loss) for the period	$ (19,083)	$ (3,020)
Items not involving cash:
Depreciation of property and equipment	8,588	6,043
Impairment of property and equipment	1,942	27
Amortization of debt discount and issuance costs	238	120
Amortization of intangible assets	2,872	2,843
Net amortization contract costs	(149)	(227)
Accretion of contingent consideration	0	98
Deferred income taxes (recovery)	(2,710)	(686)
Excess tax benefits on share-based compensation expense	(1)	(52)
Net Right of use operating assets/Operating lease liability	(82)	59
Loss on disposal of domain names	0	2
Accretion of redeemable preferred shares	3,037	0
Loss on change in the fair value of forward contracts	745	0
Amortization of discontinued cash flow hedge from Accumulated other income	(572)	0
Stock-based compensation	2,246	1,391
Change in non-cash operating working capital:
Accounts receivable	(5,769)	(1,812)
Contract assets	2,191	(2,505)
Inventory	745	(281)
Prepaid expenses and deposits	(1,326)	(2,235)
Deferred costs of fulfillment	(3,956)	(1,949)
Income taxes recoverable	518	482
Accounts payable	(156)	2,267
Accrued liabilities	(926)	1,111
Customer deposits	343	(623)
Deferred revenue	6,303	4,368
Accreditation fees payable	(289)	(14)
Net cash provided by/(used in) operating activities	(5,251)	5,407
Financing activities:
Proceeds received on exercise of stock options	0	515
Proceeds from redeemable preferred shares	30,000	0
Deferred preferred financing costs	145	0
Contingent consideration for acquisitions	(1,600)	(2,000)
Proceeds received on loan payable	0	16,500
Repayment of loan payable	(2,800)	0
Payment of loan payable costs	(305)	(177)
Net cash (used in) provided by financing activities	25,440	14,838
Investing activities:
Additions to property and equipment	(31,746)	(23,054)
Acquisition of intangible assets	(166)	(95)
Net cash used in investing activities	(31,912)	(23,149)
Increase (decrease) in cash and cash equivalents	(11,723)	(2,904)
Cash and cash equivalents, beginning of period	23,496	9,105
Cash and cash equivalents, end of period	11,773	6,201
Supplemental cash flow information:
Interest paid	3,885	1,683
Income taxes paid, net	501	896
Supplemental disclosure of non-cash investing and financing activities:
Property and equipment acquired during the period not yet paid for	$ 1,581	$ 1,909

Note 1 - Organization of the Co

Note 1 - Organization of the Company	3 Months Ended
	Mar. 31, 2023
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, 2023
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, 2023 March 31, 2023 2022 10 not may The accompanying unaudited interim consolidated financial statements have been prepared by Tucows in accordance with the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in the Company's annual audited consolidated financial statements and accompanying notes have been condensed or omitted. These interim consolidated financial statements and accompanying notes follow the same accounting policies and methods of application used in the annual financial statements and should be read in conjunction with the Company's audited consolidated financial statements and notes thereto for the year ended December 31, 2022 2022 10 March 15, 2023 ( 2022 no three March 31, 2023 2022

Note 3 - Recent Accounting Pron

Note 3 - Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	3. Recent Accounting Pronouncements Not None.

Note 4 - Derivative Instruments

Note 4 - Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	4. 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 twelve June 2023. The Company has designated certain of these foreign exchange transactions as cash flow hedges of forecasted transactions under ASU 2017 12, 815 815” 815, March 31, 2023 December 31, 2022 no During the third 2022, As of March 31, 2023 815 As of December 31, 2022 815 As of March 31, 2023 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 April - June 2023 $ 16,248 1.3417 $ (123 ) July - September 2023 18,041 1.3608 141 October - December 2023 14,430 1.3721 249 $ 48,719 1.3578 $ 267 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, 2023 Fair Value Asset As of December 31, 2022 Fair Value Asset Foreign Currency forward contracts designated as cash flow hedges (net) Derivative instruments $ 267 $ (84 ) Interest rate swap contract discontinued as a cash flow hedge (net) Derivative instruments 853 1,598 Total foreign currency and interest swap forward contracts (net) Derivative instruments $ 1,120 $ 1,514 Movement in accumulated other comprehensive income (AOCI) balance for the three March 31, 2023 (Dollar amounts in thousands of U.S. dollars) Gains and losses on cash flow hedges Tax impact Total AOCI Opening AOCI balance - December 31, 2022 $ 1,032 $ (248 ) $ 784 Other comprehensive income (loss) before reclassifications 90 (22 ) 68 Amount reclassified from AOCI 261 (64 ) 197 Amortization of discontinued cash flow hedge (571 ) 138 (433 ) Other comprehensive income (loss) for the three months ended March 31, 2023 (220 ) 52 (168 ) Ending AOCI Balance - March 31, 2023 $ 812 $ (196 ) $ 616 Effects of derivative instruments on income and other comprehensive income (OCI) for the three March 31, 2023 2022 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 $ (211 ) Foreign currency forward contracts for the three months ended March 31, 2023 $ 68 Cost of revenues $ (50 ) Interest rate swap contract for the three months ended March 31, 2023 $ - Interest expense, net $ - 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 ) For those interest rate swap contracts not Three Months Ended March 31, Interest rate swap contracts not designated as hedges: 2023 2022 Gain (loss) on matured swaps $ 776 $ - Gain (loss) on change in fair value on unsettled swaps 745 - $ 1,521 $ -

Note 5 - Goodwill and Other Int

Note 5 - Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	5. 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, 2023 December 31, 2022 nil Goodwill is not three March 31, 2023 2022 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, 2023 March 31, 2022 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 In the first 2023 seven 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, 2022 $ 11,155 $ 1,129 $ 2,940 $ 20,813 $ 2,770 $ 983 $ 39,790 Acquisition of customer relationships - - - 166 - - 166 Amortization expense - - (518 ) (2,174 ) (155 ) (25 ) (2,872 ) Balances, March 31, 2023 $ 11,155 $ 1,129 $ 2,422 $ 18,805 $ 2,615 $ 958 $ 37,084 The following table shows the estimated amortization expense for each of the next 5 no Year ending December 31, Remainder of 2023 $ 7,505 2024 5,498 2025 4,095 2026 2,737 2027 1,476 Thereafter 3,489 Total $ 24,800

Note 6 - Loan Payable

Note 6 - Loan Payable	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	6. Third Amended 2019 On June 14, 2019, 2019 On August 8, 2022, 18 June 14, 2024. four 4.00:1.00 September 29, 2023 3.75:1.00 3.00:1.00. March 14, 2023 may one three six Amending Agreement No.2 On March 14, 2023 No.2 March 14, 2023) December 31, 2023 September 30, 2024. 4.50:1.00 March 14, 2023 September 29, 2023; 4.00:1.00 September 30, 2023 December 30, 2023; 3.75:1.00 3.00:1.00. March 14, 2023, Credit Facility Terms During the three March 31, 2023 three March 31, 2022 Borrowings under the Amended Credit Agreement will accrue interest and standby fees based on Excluding-Ting’s Total Funded Debt to Adjusted EBITDA ratio and the availment type as follows: If Total Funded Debt to EBITDA is: Availment type or fee Less than 1.75 Greater than or equal to 1.75 and less than 2.25 Greater than or equal to 2.25 and less than 2.75 Greater than or equal to 2.75 and less than 3.25 Greater than or equal to 3.25 and less than 3.75 Greater than or equal to 3.75 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 SOFR (Margin) 1.50 % 1.75 % 2.25 % 2.50 % 2.75 % 3.00 % 3.50 % Canadian or U.S. dollar borrowings based on Prime Rate or U.S. dollar borrowings based on Base Rate (Margin) 0.25 % 0.50 % 1.0 % 1.25 % 1.50 % 1.75 % 2.25 % Standby fees 0.30 % 0.35 % 0.45 % 0.50 % 0.55 % 0.60 % 0.70 % The following table summarizes Excluding-Ting's borrowings under the credit facilities (Dollar amounts in thousands of U.S. dollars): March 31, 2023 December 31, 2022 Revolver $ 236,900 $ 239,700 Less: unamortized debt discount and issuance costs (875 ) (770 ) Total loan payable 236,025 238,930 Less: loan payable, current portion - - Loan payable, long-term portion $ 236,025 $ 238,930 The following table summarizes our scheduled principal repayments as of March 31, 2023 Remainder of 2023 $ - 2024 236,900 $ 236,900

Note 7 - Income Taxes

Note 7 - Income Taxes	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	7. 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, 2023 December 31, 2023. three March 31, 2023 For the three March 31, 2022, December 31, 2022 three March 31, 2022

Note 8 - Basic and Diluted Earn

Note 8 - Basic and Diluted Earnings Per Common Share	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	8. 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, 2023 2022 Numerator for basic and diluted earnings per common share: Net income/(loss) for the period $ (19,083 ) $ (3,020 ) Denominator for basic and diluted earnings per common share: Basic weighted average number of common shares outstanding 10,806,321 10,754,758 Effect of outstanding stock options - - Diluted weighted average number of shares outstanding 10,806,321 10,754,758 Basic earnings/(loss) per common share $ (1.77 ) $ (0.28 ) Diluted earnings/(loss) per common share $ (1.77 ) $ (0.28 ) For the three March 31, 2023, For three March 31, 2022

Note 9 - Revenue

Note 9 - Revenue	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	9. Significant accounting policy The Company’s revenues are derived from (a) the provisioning of retail fiber Internet services through Ting, (b) the CSP solutions and professional services through Wavelo; and from (c) domain name registration contracts, other domain related value-added services, domain sale contracts, and other advertising revenue through Tucows Domains Services. Certain revenues are disclosed under Tucows Corporate as they are considered non-core business activities including Mobile Retail Services, Transition Services Agreement ("TSA") revenue and eliminations of intercompany revenue. Amounts received in advance of meeting the revenue recognition criteria described below are recorded as deferred revenue. All products are generally sold without the right of return or refund. Revenue is measured based on consideration specified in a contract with a customer and excludes any sales incentives and amounts collected on behalf of third Nature of goods and 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 12 (a) Ting The Company generates Ting revenues primarily through the provisioning of fixed high-speed Internet access, Ting Internet. 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) Wavelo The Company generates Wavelo 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 through a single, cloud based service. 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 platform payments and credits. The Company estimates platform payment and credit consideration over the term of the contract and recognizes the portion related to platform services evenly over the term of the contract. The Company recognizes variable subscriber fees, as the fees are invoiced. 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, on the basis of hours consumed. Platform payment and credit 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) Tucows Domains 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, 2023 2022 Ting: Fiber Internet Services $ 11,853 $ 9,788 Wavelo: Platform Services 6,498 6,097 Other Professional Services 802 750 Total Wavelo 7,300 6,847 Tucows Domains Wholesale Domain Services 46,293 46,836 Value Added Services 4,531 5,649 Total Wholesale 50,824 52,485 Retail 8,418 9,061 Total Tucows Domains 59,242 61,546 Tucows Corporate: Mobile services and eliminations 2,035 2,918 $ 80,430 $ 81,099 During the three March 31, 2023 three March 31, 2022 no one 10% At March 31, 2023 , one % December 31, 2022, one 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, 2023 2022 Ting: Fiber Internet Services $ 3,985 $ 4,038 Wavelo: Platform Services 334 185 Other Professional Services 692 776 Total Wavelo 1,026 961 Tucows Domains: Wholesale Domain Services 37,002 36,397 Value Added Services 606 656 Total Wholesale 37,608 37,053 Retail 4,113 4,759 Total Tucows Domains 41,721 41,812 Tucows Corporate: Mobile services and eliminations 2,558 2,610 Network Expenses: Network, other costs 6,323 4,180 Network, depreciation of property and equipment 8,436 5,895 Network, amortization of intangible assets 378 378 Network, impairment of property and equipment 1,942 27 Total Network Expenses 17,079 10,480 $ 66,369 $ 59,901 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, 2023 Deferred revenue: March 31, 2023 Balance, beginning of period $ 145,131 Deferred revenue 66,736 Recognized revenue (60,433 ) Balance, end of period $ 151,434 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 three March 31, 2023 Contract assets : March 31, 2023 Balance, beginning of period $ 7,487 Consideration recognized as revenue 5,532 Transferred to receivables (7,723 ) Balance, end of period $ 5,296 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 10 - Costs to Obtain and F

Note 10 - Costs to Obtain and Fulfill a Contract	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Capitalized Contract Costs [Text Block]	10. 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, 2023 no three March 31, 2023 The breakdown of the movement in the deferred costs of fulfillment balance for the three March 31, 2023 March 31, 2023 Balance, beginning of period $ 110,674 Deferral of costs 46,703 Recognized costs (42,747 ) Balance, end of period $ 114,630

Note 11 - Leases

Note 11 - Leases	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	11. 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, 2023 2022 Operating Lease Cost (leases with a total term greater than 12 months) $ 1,273 $ 849 Short-term Lease Cost (leases with a total term of 12 months or less) 87 11 Variable Lease Cost 434 103 Total Lease Cost $ 1,794 $ 963 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: 2023 2022 Operating Lease - Operating Cash Flows (Fixed Payments) $ 1,378 $ 936 Operating Lease - Operating Cash Flows (Liability Reduction) $ 1,219 $ 832 New ROU Assets - Operating Leases $ 2,821 $ 1,378 Supplemental balance sheet information related to leases: March 31, 2023 December 31, 2022 Weighted Average Discount Rate 4.78 % 3.11 % Weighted Average Remaining Lease Term 6.36 yrs 7.36 yrs Maturity of lease liability as of March 31, 2023 March 31, 2023 Remaining of 2023 $ 4,344 2024 5,279 2025 3,851 2026 2,136 2027 1,408 Thereafter 3,948 Total future lease payments 20,967 Less imputed interest 2,267 Total $ 18,700 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, 2023 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 12 - Segment Reporting

Note 12 - Segment Reporting	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	12. Reportable operating segments: We are organized and managed based on three operating segments which are differentiated primarily by their services, the markets they serve and the regulatory environments in which they operate. No Certain revenues and expenses disclosed under the Corporate category are excluded from segment EBITDA results as they are centrally managed and 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 Tucows Corporate for Finance, Human Resources and other technical services, to the operating units. In addition, Wavelo charges Ting a subscriber based monthly charge services rendered. Financial impacts from these allocations and cross segment charges are eliminated as part of the Tucows 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 and general and administrative expenses and not not not not Our key measures of segment performance and their definitions are: 1. 2. not not 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 Information by reportable segments (with the exception of disaggregated revenue, which is discussed in “Note 9 Reconciliation of Income before Provision for Income Taxes to Adjusted EBITDA Three Months Ended March 31, (In Thousands of US Dollars) 2023 2022 (unaudited) (unaudited) (unaudited) Net Income (Loss) for the period $ (19,083 ) $ (3,020 ) Less: Provision for income taxes (1,710 ) 1,078 Depreciation of property and equipment 8,588 6,043 Impairment and loss on disposition of property and equipment 1,942 412 Amortization of intangible assets 2,872 2,843 Interest expense, net 7,880 1,796 Accretion of contingent liability - 98 Stock-based compensation 2,246 1,391 Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities 40 53 Acquisition and other costs 1 255 617 Adjusted EBITDA $ 3,030 $ 11,311 1 November 2021. Ting Wavelo Tucows Domains Tucows Corporate Consolidated Totals For the Three Months Ended March 31, 2023 Net Revenues External Revenues $ 11,853 $ 7,958 $ 59,242 $ 1,377 $ 80,430 Intersegment Revenues - 658 - (658 ) - Total Net Revenues 11,853 7,300 59,242 2,035 80,430 Direct cost of revenues 3,985 1,026 41,721 2,558 49,290 Segment Gross Margin 7,868 6,274 17,521 (523 ) 31,140 Network, other costs 6,323 Network, depreciation of property and equipment 8,436 Network, amortization of intangible assets 378 Network, impairment of property and equipment 1,942 Gross profit 14,061 Expenses: Sales and marketing 15,737 Technical operations and development 4,815 General and administrative 8,146 Depreciation of property and equipment 152 Loss on disposition of property and equipment - Amortization of intangible assets 2,494 Loss (gain) on currency forward contracts - Total expenses 31,344 Income (Loss) from operations (17,283 ) Other income (expenses): Interest expense, net (7,880 ) Income earned on sale of transferred assets 4,370 Other expense, net - Total other income (expense) (3,510 ) Income (Loss) before provision for income taxes $ (20,793 ) Adjusted EBITDA $ (9,273 ) $ 335 $ 10,338 $ 1,630 $ 3,030 Ting Wavelo Tucows Domains Tucows Corporate Consolidated Totals For the Three Months Ended March 31, 2022 Net Revenues External Revenues $ 9,788 $ 7,004 $ 61,546 $ 2,761 $ 81,099 Intersegment Revenues - 157 - (157 ) - Total 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 5,751 5,886 19,733 308 31,678 Network, other costs 4,180 Network, depreciation of property and equipment 5,895 Network, amortization of intangible assets 378 Network, impairment of property and equipment 27 Gross profit 21,198 Expenses: Sales and marketing 11,987 Technical operations and development 3,765 General and administrative 7,296 Depreciation of property and equipment 148 Loss on disposition of property and equipment 385 Amortization of intangible assets 2,465 Loss (gain) on currency forward contracts - Total expenses 26,046 Income (Loss) from operations (4,848 ) Other income (expenses): Interest expense, net (1,796 ) Income earned on sale of transferred assets 4,752 Other expense, net (50 ) Total other income (expense) 2,906 Income (Loss) before provision for income taxes $ (1,942 ) Adjusted EBITDA $ (4,321 ) $ 2,047 $ 11,774 $ 1,811 $ 11,311 (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, 2023 December 31, 2022 Canada $ 1,348 $ 1,240 United States 302,407 280,219 Europe 36 36 $ 303,791 $ 281,495 (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, 2023 December 31, 2022 Canada $ 2,349 $ 2,736 United States 22,451 24,770 Germany - - $ 24,800 $ 27,506 (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, 2023 $ 693 $ - $ 68 $ 625 Twelve months ended December 31, 2022 $ 541 $ 152 $ - $ 693

Note 13 - Stockholders' Equity

Note 13 - Stockholders' Equity	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Equity [Text Block]	13. The following table summarizes stockholders' equity transactions for the three March 31, 2023 ( Accumulated Additional other Total Common stock paid in Retained comprehensive stockholders' Number Amount capital earnings income (loss) equity Balances, December 31, 2022 10,817,110 $ 31,868 $ 8,106 $ 55,899 $ 784 $ 96,657 Exercise of stock options - - - - - - Stock-based compensation 14,325 593 1,653 - 2,246 Net income - - - (19,083 ) - (19,083 ) Other comprehensive income (loss) - - - - (168 ) (168 ) Balances, March 31, 2023 10,831,435 $ 32,461 $ 9,759 $ 36,816 $ 616 $ 79,652 2023 On February 9, 2023, February 10, 2023 February 9, 2024. three March 31, 2023 not 2022 On February 10, 2022, February 11, 2022 February 10, 2023. three March 31, 2023 not 2021 On February 9, 2021, February 10, 2021 February 9, 2022. three March 31, 2022 not

Note 14 - Share-based Payments

Note 14 - Share-based Payments	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	14. 2006 On November 22, 2006, 2006 “2006 July 29, 2010 1996 2006 2006 October 8, 2010, 2006 September 2015, 2006 November 2020, 2006 2006 four not seven one five September 2015 2006 Our current equity-based compensation plans include provisions that allow for the “net exercise” of stock options by all plan participants. In a net exercise, any required payroll taxes, federal withholding taxes and exercise price of the shares due from the option holder can be paid for by having the option holder tender back to the Company a number of shares at fair value equal to the amounts due. These transactions are accounted for by the Company as a purchase and retirement of shares. The fair value of each option grant ("Company Option") 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 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 Company Option transactions for the three March 31, 2023 March 31, 2022 Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period 1,036,748 $ 59.97 901,651 $ 56.44 Granted 10,000 22.36 7,000 71.43 Exercised - - (11,592 ) 56.63 Forfeited (18,423 ) 60.04 (12,568 ) 86.20 Expired (6,725 ) 67.25 (1,237 ) 62.51 Outstanding, end of period 1,021,600 60.04 883,254 64.37 Options exercisable, end of period 515,204 $ 62.70 405,846 $ 56.40 As of March 31, 2023 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 $22.36 - $22.36 10,000 $ 22.36 7.0 $ - - $ - - $ - $30.70 - $30.74 20,000 30.71 6.7 - - - - - $40.04 - $48.00 229,110 42.38 5.9 - 7,000 47.29 1.8 - $51.82 - $59.98 197,708 55.72 1.5 - 192,158 55.72 1.4 - $60.01 - $68.41 310,108 62.09 3.3 - 219,353 62.68 3.1 - $70.13 - $79.51 238,174 78.54 4.9 - 89,756 77.43 4.6 - $80.61 - $82.07 16,500 81.27 5.5 - 6,937 81.60 5.5 - 1,021,600 $ 59.58 4.1 $ - 515,204 $ 62.70 2.7 $ - Total unrecognized compensation cost relating to unvested stock options at March 31, 2023 mately $7.1 of 2.4 2022 On November 9, 2022 2022 three first three three 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 Company calculates expected volatility based on the actual volatility of comparable publicly traded companies. 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 assumes the expected dividend yield to be zero. Details of Wavelo's stock option transactions for the three March 31, 2023 March 31, 2022 Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period 15,975,528 $ 1.27 - $ - Granted 580,750 1.27 - - Exercised - - - - Forfeited (86,683 ) 1.27 - - Expired - - - - Outstanding, end of period 16,469,595 1.27 - - Options exercisable, end of period 4,602,003 $ 1.27 - $ - As of March 31, 2023 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 $0 - $1.27 16,469,595 $ 1.27 6.6 $ - 4,602,003 $ 1.27 6.6 $ - 16,469,595 $ 1.27 6.6 $ - 4,602,003 $ 1.27 6.6 $ - Total unrecognized compensation cost relating to unvested stock options at March 31, 2023 mately $5.7 of 2.9 2022 On January 16, 2023 four not ten 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 Company calculates expected volatility based on the actual volatility of comparable publicly traded companies. 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 assumes the expected dividend yield to be zero. Details of Ting's stock option transactions for the three March 31, 2023 March 31, 2022 Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period - $ - - $ - Granted 7,315,000 6.00 - - Exercised - - - - Forfeited (35,473 ) 6.00 - - Expired - - - - Outstanding, end of period 7,279,527 6.00 - - Options exercisable, end of period 1,836,206 $ 6.00 - $ - As of March 31, 2023 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 $0 - $6.00 7,279,527 $ 6.00 6.8 $ - 1,836,206 $ 6.00 6.8 $ - 7,279,527 $ 6.00 6.8 $ - 1,836,206 $ 6.00 6.8 $ - Total unrecognized compensation cost relating to unvested stock options at March 31, 2023 matel y $0.5 o f 2.9 The Company recorded stock-based compensation of $2.2 million for the three March 31, 2023 three March 31, 2022 Three Months Ended 2023 2022 Company options $ 1,504 $ 1,391 Wavelo options 546 - Ting options 196 - Total Stock Based Compensation expense $ 2,246 $ 1,391 The Company has not

Note 15 - Fair Value Measuremen

Note 15 - Fair Value Measurement	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	15. 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, 2023 March 31, 2023 Fair Value Measurement Using Assets Level 1 Level 2 Level 3 at Fair value Derivative instrument asset, net $ - $ 1,120 $ - $ 1,120 Total asset, net $ - $ 1,120 $ - $ 1,120 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, 2022 December 31, 2022 Fair Value Measurement Using Assets Level 1 Level 2 Level 3 at Fair value Derivative instrument asset, net $ - $ 1,514 $ - $ 1,514 Total assets, net $ - $ 1,514 $ - $ 1,514

Note 16 - Other Income

Note 16 - Other Income	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	16. On August 1, 2020, one $4.4 $4.8 three March 31, 2023 2022 (Dollar amounts in thousands of U.S. dollars) Three Months Ended March 31, 2023 2022 Income earned on sale of Transferred Assets $ 4,370 $ 4,752 Total Other Income $ 4,370 $ 4,752

Note 17 - Redeemable Preferred

Note 17 - Redeemable Preferred Shares	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Redeemable Preferred Shares [Policy Text Block]	17. The Company entered into a Series A Preferred Unit Purchase Agreement (the “Unit Purchase Agreement”) with Generate TF Holdings, LLC, a Delaware limited liability company (“Generate”) on August 8, 2022 ( August 11, 2022 ( third three may first two not second fourth six not 50 The Company's Amended and Restated Limited Liability Company Agreement (the "LLC Agreement"), states that in the event that (i) the Company fails to pay the preferred return for two not Under the terms of the LLC Agreement, the Company is mandatorily required to redeem the redeemable preferred shares prior to the earliest of (i) a sale of the Company, (ii) a public offering, (iii) an event of default (or similar term) by Tucows Inc. or any of its affiliates under, (iv) a material breach if not two six sixth August 10, 2028 4.2 three March 31, 2023, The Company incurred $0.9 million of legal fees related to the redeemable preferred share issuance, which have been reflected as a reduction to the carrying amount of the redeemable preferred unit balance and will be amortized to interest expense, net in the accompanying consolidated statements of operations and comprehensive income (loss) over the expected six On January 30, 2023, March 31, 2023 As of March 31, 2023, fourth The following table summarizes the Company’s borrowings under the preferred share agreement (Dollar amounts in thousands of U.S. dollars): March 31, 2023 December 31, 2022 Opening Balance $ 91,396 $ - Add: Funding at Transaction Close - 60,000 Add: Milestone Funding 30,000 27,500 Add: Accretion of redeemable preferred shares 4,179 3,896 Redeemable Preferred Shares balance 125,575 91,396 Less: Deferred Preferred Financing Costs (771 ) (962 ) Total Redeemable Preferred Shares $ 124,804 $ 90,434 The following table summarizes our scheduled repayments as of March 31, 2023 ( Remainder of 2023 $ - 2024 9,241 2025 23,424 2026 23,296 2027 and thereafter 191,759 $ 247,720 On April 21, 2023, 19 On May 4, 2023, with Generate. Under the terms of terms of the Redemption Agreement, Ting Fiber, LLC for a total redemption price of $45.7 million inclusive of the make-whole premium. Terms of the Side Letter Agreement also preclude Ting Fiber, LLC from issuing additional Series A Preferred Units for 365 19

Note 18 - Contingencies

Note 18 - Contingencies	3 Months Ended
	Mar. 31, 2023
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, 2023 not

Note 19 - Subsequent Events

Note 19 - Subsequent Events	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	19. a. Issuance of Preferred Units by Ting Fiber, LLC On April 21, 2023, b. Debt Securitization On May 4, 2023 ( ) 2023 1, 2 2023 1, 2023 1, 2023 c. Redeemable Preferred Share Redemption On May 4, 2023, with Generate. Under the terms of terms of the Redemption Agreement, Ting Fiber, LLC for a total redemption price of $45.7 million inclusive of the make-whole premium. Terms of the Side Letter Agreement also preclude Ting Fiber, LLC from issuing additional Series A Preferred Units for 365

Note 4 - Derivative Instrumen_2

Note 4 - Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2023
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 April - June 2023 $ 16,248 1.3417 $ (123 ) July - September 2023 18,041 1.3608 141 October - December 2023 14,430 1.3721 249 $ 48,719 1.3578 $ 267
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, 2023 Fair Value Asset As of December 31, 2022 Fair Value Asset Foreign Currency forward contracts designated as cash flow hedges (net) Derivative instruments $ 267 $ (84 ) Interest rate swap contract discontinued as a cash flow hedge (net) Derivative instruments 853 1,598 Total foreign currency and interest swap forward contracts (net) Derivative instruments $ 1,120 $ 1,514
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, 2022 $ 1,032 $ (248 ) $ 784 Other comprehensive income (loss) before reclassifications 90 (22 ) 68 Amount reclassified from AOCI 261 (64 ) 197 Amortization of discontinued cash flow hedge (571 ) 138 (433 ) Other comprehensive income (loss) for the three months ended March 31, 2023 (220 ) 52 (168 ) Ending AOCI Balance - March 31, 2023 $ 812 $ (196 ) $ 616 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 $ (211 ) Foreign currency forward contracts for the three months ended March 31, 2023 $ 68 Cost of revenues $ (50 ) Interest rate swap contract for the three months ended March 31, 2023 $ - Interest expense, net $ - 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 )
Derivatives Not Designated as Hedging Instruments [Table Text Block]	Three Months Ended March 31, Interest rate swap contracts not designated as hedges: 2023 2022 Gain (loss) on matured swaps $ 776 $ - Gain (loss) on change in fair value on unsettled swaps 745 - $ 1,521 $ -

Note 5 - Goodwill and Other I_2

Note 5 - Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2023
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, 2022 $ 11,155 $ 1,129 $ 2,940 $ 20,813 $ 2,770 $ 983 $ 39,790 Acquisition of customer relationships - - - 166 - - 166 Amortization expense - - (518 ) (2,174 ) (155 ) (25 ) (2,872 ) Balances, March 31, 2023 $ 11,155 $ 1,129 $ 2,422 $ 18,805 $ 2,615 $ 958 $ 37,084
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Year ending December 31, Remainder of 2023 $ 7,505 2024 5,498 2025 4,095 2026 2,737 2027 1,476 Thereafter 3,489 Total $ 24,800

Note 6 - Loan Payable (Tables)

Note 6 - Loan Payable (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Standby Fees Based on Total Funded Debt to EBITDA Ratio [Table Text Block]	If Total Funded Debt to EBITDA is: Availment type or fee Less than 1.75 Greater than or equal to 1.75 and less than 2.25 Greater than or equal to 2.25 and less than 2.75 Greater than or equal to 2.75 and less than 3.25 Greater than or equal to 3.25 and less than 3.75 Greater than or equal to 3.75 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 SOFR (Margin) 1.50 % 1.75 % 2.25 % 2.50 % 2.75 % 3.00 % 3.50 % Canadian or U.S. dollar borrowings based on Prime Rate or U.S. dollar borrowings based on Base Rate (Margin) 0.25 % 0.50 % 1.0 % 1.25 % 1.50 % 1.75 % 2.25 % Standby fees 0.30 % 0.35 % 0.45 % 0.50 % 0.55 % 0.60 % 0.70 %
Schedule of Debt [Table Text Block]	March 31, 2023 December 31, 2022 Revolver $ 236,900 $ 239,700 Less: unamortized debt discount and issuance costs (875 ) (770 ) Total loan payable 236,025 238,930 Less: loan payable, current portion - - Loan payable, long-term portion $ 236,025 $ 238,930
Schedule of Maturities of Long-Term Debt [Table Text Block]	Remainder of 2023 $ - 2024 236,900 $ 236,900

Note 8 - Basic and Diluted Ea_2

Note 8 - Basic and Diluted Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, 2023 2022 Numerator for basic and diluted earnings per common share: Net income/(loss) for the period $ (19,083 ) $ (3,020 ) Denominator for basic and diluted earnings per common share: Basic weighted average number of common shares outstanding 10,806,321 10,754,758 Effect of outstanding stock options - - Diluted weighted average number of shares outstanding 10,806,321 10,754,758 Basic earnings/(loss) per common share $ (1.77 ) $ (0.28 ) Diluted earnings/(loss) per common share $ (1.77 ) $ (0.28 )

Note 9 - Revenue (Tables)

Note 9 - Revenue (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended March 31, 2023 2022 Ting: Fiber Internet Services $ 11,853 $ 9,788 Wavelo: Platform Services 6,498 6,097 Other Professional Services 802 750 Total Wavelo 7,300 6,847 Tucows Domains Wholesale Domain Services 46,293 46,836 Value Added Services 4,531 5,649 Total Wholesale 50,824 52,485 Retail 8,418 9,061 Total Tucows Domains 59,242 61,546 Tucows Corporate: Mobile services and eliminations 2,035 2,918 $ 80,430 $ 81,099 March 31, 2023 Balance, beginning of period $ 145,131 Deferred revenue 66,736 Recognized revenue (60,433 ) Balance, end of period $ 151,434 March 31, 2023 Balance, beginning of period $ 7,487 Consideration recognized as revenue 5,532 Transferred to receivables (7,723 ) Balance, end of period $ 5,296
Schedule of Cost of Revenues by Revenue Stream [Table Text Block]	Three Months Ended March 31, 2023 2022 Ting: Fiber Internet Services $ 3,985 $ 4,038 Wavelo: Platform Services 334 185 Other Professional Services 692 776 Total Wavelo 1,026 961 Tucows Domains: Wholesale Domain Services 37,002 36,397 Value Added Services 606 656 Total Wholesale 37,608 37,053 Retail 4,113 4,759 Total Tucows Domains 41,721 41,812 Tucows Corporate: Mobile services and eliminations 2,558 2,610 Network Expenses: Network, other costs 6,323 4,180 Network, depreciation of property and equipment 8,436 5,895 Network, amortization of intangible assets 378 378 Network, impairment of property and equipment 1,942 27 Total Network Expenses 17,079 10,480 $ 66,369 $ 59,901

Note 10 - Costs to Obtain and_2

Note 10 - Costs to Obtain and Fulfill a Contract (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Capitalized Contract Cost [Table Text Block]	March 31, 2023 Balance, beginning of period $ 110,674 Deferral of costs 46,703 Recognized costs (42,747 ) Balance, end of period $ 114,630

Note 11 - Leases (Tables)

Note 11 - Leases (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Lease, Cost [Table Text Block]	For the Three Months Ended March 31, 2023 2022 Operating Lease Cost (leases with a total term greater than 12 months) $ 1,273 $ 849 Short-term Lease Cost (leases with a total term of 12 months or less) 87 11 Variable Lease Cost 434 103 Total Lease Cost $ 1,794 $ 963 For the Three Months Ended March 31, Supplemental cashflow information: 2023 2022 Operating Lease - Operating Cash Flows (Fixed Payments) $ 1,378 $ 936 Operating Lease - Operating Cash Flows (Liability Reduction) $ 1,219 $ 832 New ROU Assets - Operating Leases $ 2,821 $ 1,378 Supplemental balance sheet information related to leases: March 31, 2023 December 31, 2022 Weighted Average Discount Rate 4.78 % 3.11 % Weighted Average Remaining Lease Term 6.36 yrs 7.36 yrs
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	March 31, 2023 Remaining of 2023 $ 4,344 2024 5,279 2025 3,851 2026 2,136 2027 1,408 Thereafter 3,948 Total future lease payments 20,967 Less imputed interest 2,267 Total $ 18,700

Note 12 - Segment Reporting (Ta

Note 12 - Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Condensed Income Statement [Table Text Block]	Reconciliation of Income before Provision for Income Taxes to Adjusted EBITDA Three Months Ended March 31, (In Thousands of US Dollars) 2023 2022 (unaudited) (unaudited) (unaudited) Net Income (Loss) for the period $ (19,083 ) $ (3,020 ) Less: Provision for income taxes (1,710 ) 1,078 Depreciation of property and equipment 8,588 6,043 Impairment and loss on disposition of property and equipment 1,942 412 Amortization of intangible assets 2,872 2,843 Interest expense, net 7,880 1,796 Accretion of contingent liability - 98 Stock-based compensation 2,246 1,391 Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities 40 53 Acquisition and other costs 1 255 617 Adjusted EBITDA $ 3,030 $ 11,311 Ting Wavelo Tucows Domains Tucows Corporate Consolidated Totals For the Three Months Ended March 31, 2023 Net Revenues External Revenues $ 11,853 $ 7,958 $ 59,242 $ 1,377 $ 80,430 Intersegment Revenues - 658 - (658 ) - Total Net Revenues 11,853 7,300 59,242 2,035 80,430 Direct cost of revenues 3,985 1,026 41,721 2,558 49,290 Segment Gross Margin 7,868 6,274 17,521 (523 ) 31,140 Network, other costs 6,323 Network, depreciation of property and equipment 8,436 Network, amortization of intangible assets 378 Network, impairment of property and equipment 1,942 Gross profit 14,061 Expenses: Sales and marketing 15,737 Technical operations and development 4,815 General and administrative 8,146 Depreciation of property and equipment 152 Loss on disposition of property and equipment - Amortization of intangible assets 2,494 Loss (gain) on currency forward contracts - Total expenses 31,344 Income (Loss) from operations (17,283 ) Other income (expenses): Interest expense, net (7,880 ) Income earned on sale of transferred assets 4,370 Other expense, net - Total other income (expense) (3,510 ) Income (Loss) before provision for income taxes $ (20,793 ) Adjusted EBITDA $ (9,273 ) $ 335 $ 10,338 $ 1,630 $ 3,030 Ting Wavelo Tucows Domains Tucows Corporate Consolidated Totals For the Three Months Ended March 31, 2022 Net Revenues External Revenues $ 9,788 $ 7,004 $ 61,546 $ 2,761 $ 81,099 Intersegment Revenues - 157 - (157 ) - Total 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 5,751 5,886 19,733 308 31,678 Network, other costs 4,180 Network, depreciation of property and equipment 5,895 Network, amortization of intangible assets 378 Network, impairment of property and equipment 27 Gross profit 21,198 Expenses: Sales and marketing 11,987 Technical operations and development 3,765 General and administrative 7,296 Depreciation of property and equipment 148 Loss on disposition of property and equipment 385 Amortization of intangible assets 2,465 Loss (gain) on currency forward contracts - Total expenses 26,046 Income (Loss) from operations (4,848 ) Other income (expenses): Interest expense, net (1,796 ) Income earned on sale of transferred assets 4,752 Other expense, net (50 ) Total other income (expense) 2,906 Income (Loss) before provision for income taxes $ (1,942 ) Adjusted EBITDA $ (4,321 ) $ 2,047 $ 11,774 $ 1,811 $ 11,311
Schedule of Property Plant and Equipment by Geographic Region [Table Text Block]	March 31, 2023 December 31, 2022 Canada $ 1,348 $ 1,240 United States 302,407 280,219 Europe 36 36 $ 303,791 $ 281,495
Schedule of Acquired Intangible Assets by Major Class [Table Text Block]	March 31, 2023 December 31, 2022 Canada $ 2,349 $ 2,736 United States 22,451 24,770 Germany - - $ 24,800 $ 27,506
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, 2023 $ 693 $ - $ 68 $ 625 Twelve months ended December 31, 2022 $ 541 $ 152 $ - $ 693

Note 13 - Stockholders' Equity

Note 13 - Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2023
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, 2022 10,817,110 $ 31,868 $ 8,106 $ 55,899 $ 784 $ 96,657 Exercise of stock options - - - - - - Stock-based compensation 14,325 593 1,653 - 2,246 Net income - - - (19,083 ) - (19,083 ) Other comprehensive income (loss) - - - - (168 ) (168 ) Balances, March 31, 2023 10,831,435 $ 32,461 $ 9,759 $ 36,816 $ 616 $ 79,652

Note 14 - Share-based Payments

Note 14 - Share-based Payments (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period 1,036,748 $ 59.97 901,651 $ 56.44 Granted 10,000 22.36 7,000 71.43 Exercised - - (11,592 ) 56.63 Forfeited (18,423 ) 60.04 (12,568 ) 86.20 Expired (6,725 ) 67.25 (1,237 ) 62.51 Outstanding, end of period 1,021,600 60.04 883,254 64.37 Options exercisable, end of period 515,204 $ 62.70 405,846 $ 56.40 Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period 15,975,528 $ 1.27 - $ - Granted 580,750 1.27 - - Exercised - - - - Forfeited (86,683 ) 1.27 - - Expired - - - - Outstanding, end of period 16,469,595 1.27 - - Options exercisable, end of period 4,602,003 $ 1.27 - $ - Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Number of shares Weighted average exercise price per share Number of shares Weighted average exercise price per share Outstanding, beginning of period - $ - - $ - Granted 7,315,000 6.00 - - Exercised - - - - Forfeited (35,473 ) 6.00 - - Expired - - - - Outstanding, end of period 7,279,527 6.00 - - Options exercisable, end of period 1,836,206 $ 6.00 - $ -
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 $22.36 - $22.36 10,000 $ 22.36 7.0 $ - - $ - - $ - $30.70 - $30.74 20,000 30.71 6.7 - - - - - $40.04 - $48.00 229,110 42.38 5.9 - 7,000 47.29 1.8 - $51.82 - $59.98 197,708 55.72 1.5 - 192,158 55.72 1.4 - $60.01 - $68.41 310,108 62.09 3.3 - 219,353 62.68 3.1 - $70.13 - $79.51 238,174 78.54 4.9 - 89,756 77.43 4.6 - $80.61 - $82.07 16,500 81.27 5.5 - 6,937 81.60 5.5 - 1,021,600 $ 59.58 4.1 $ - 515,204 $ 62.70 2.7 $ - 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 $0 - $1.27 16,469,595 $ 1.27 6.6 $ - 4,602,003 $ 1.27 6.6 $ - 16,469,595 $ 1.27 6.6 $ - 4,602,003 $ 1.27 6.6 $ - 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 $0 - $6.00 7,279,527 $ 6.00 6.8 $ - 1,836,206 $ 6.00 6.8 $ - 7,279,527 $ 6.00 6.8 $ - 1,836,206 $ 6.00 6.8 $ -
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended 2023 2022 Company options $ 1,504 $ 1,391 Wavelo options 546 - Ting options 196 - Total Stock Based Compensation expense $ 2,246 $ 1,391

Note 15 - Fair Value Measurem_2

Note 15 - Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	March 31, 2023 Fair Value Measurement Using Assets Level 1 Level 2 Level 3 at Fair value Derivative instrument asset, net $ - $ 1,120 $ - $ 1,120 Total asset, net $ - $ 1,120 $ - $ 1,120 December 31, 2022 Fair Value Measurement Using Assets Level 1 Level 2 Level 3 at Fair value Derivative instrument asset, net $ - $ 1,514 $ - $ 1,514 Total assets, net $ - $ 1,514 $ - $ 1,514

Note 16 - Other Income (Tables)

Note 16 - Other Income (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Other Nonoperating Income (Expense) [Table Text Block]	(Dollar amounts in thousands of U.S. dollars) Three Months Ended March 31, 2023 2022 Income earned on sale of Transferred Assets $ 4,370 $ 4,752 Total Other Income $ 4,370 $ 4,752

Note 17 - Redeemable Preferre_2

Note 17 - Redeemable Preferred Shares (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Financial Instruments Subject to Mandatory Redemption Disclosure [Table Text Block]	March 31, 2023 December 31, 2022 Opening Balance $ 91,396 $ - Add: Funding at Transaction Close - 60,000 Add: Milestone Funding 30,000 27,500 Add: Accretion of redeemable preferred shares 4,179 3,896 Redeemable Preferred Shares balance 125,575 91,396 Less: Deferred Preferred Financing Costs (771 ) (962 ) Total Redeemable Preferred Shares $ 124,804 $ 90,434
Mandatorily Redeemable Capital Stock [Table Text Block]	Remainder of 2023 $ - 2024 9,241 2025 23,424 2026 23,296 2027 and thereafter 191,759 $ 247,720

Note 4 - Derivative Instrumen_3

Note 4 - Derivative Instruments and Hedging Activities (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	May 31, 2020
Derivative, Notional Amount	$ 48,719
Interest Rate Swap [Member]
Derivative, Notional Amount			$ 70,000
Forward Contracts [Member]
Derivative, Notional Amount	48,700	$ 49,700
Forward Contracts [Member] | Designated as Hedging Instrument [Member]
Derivative, Notional Amount	$ 48,700	$ 49,700
Forward Contracts [Member] | Minimum [Member]
Derivative, Term of Contract (Month)	1 month
Forward Contracts [Member] | Maximum [Member]
Derivative, Term of Contract (Month)	12 years

Note 4 - Derivative Instrumen_4

Note 4 - Derivative Instruments and Hedging Activities - Foreign Currency Forward Contracts (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Notional amount of U.S. dollars	$ 48,719
Weighted average exchange rate of U.S. dollars	1.3578
Foreign currency forward contracts, asset	$ 267
Foreign Exchange Forward 1 [Member]
Notional amount of U.S. dollars	$ 16,248
Weighted average exchange rate of U.S. dollars	1.3417
Foreign currency forward contracts, liability	$ (123)
Foreign Exchange Forward 2 [Member]
Notional amount of U.S. dollars	$ 18,041
Weighted average exchange rate of U.S. dollars	1.3608
Foreign currency forward contracts, asset	$ 141
Foreign Exchange Forward 3 [Member]
Notional amount of U.S. dollars	$ 14,430
Weighted average exchange rate of U.S. dollars	1.3721
Foreign currency forward contracts, asset	$ 249

Note 4 - Derivative Instrumen_5

Note 4 - Derivative Instruments and Hedging Activities - Fair Value of Derivative Instruments in the Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Foreign currency forward contracts, asset	$ 267
Derivative Instruments [Member]
Total foreign currency and interest swap forward contracts (net)	1,120	$ 1,514
Derivative Instruments [Member] | Interest Rate Swap [Member]
Interest rate swap contract discontinued as a cash flow hedge (net)	853	1,598
Derivative Instruments [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Foreign currency forward contracts, asset	$ 267
Foreign currency forward contracts, liability		$ (84)

Note 4 - Derivative Instrumen_6

Note 4 - Derivative Instruments and Hedging Activities - Movement in AOCI Balance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
AOCI balance, Gains and losses on cash flow hedges	$ 1,032
AOCI balance, Tax impact	(248)
AOCI balance	784
Other comprehensive income (loss) before reclassifications, Gains and losses on cash flow hedges	90
Other comprehensive income (loss) before reclassifications, Tax impact	(22)
Other comprehensive income (loss) before reclassifications	68	$ 968
Amount reclassified from AOCI, Gains and losses on cash flow hedges	261
Amount reclassified from AOCI, Tax impact	(64)
Amount reclassified from AOCI	197
Amortization of discontinued cash flow hedge, Gains and losses on cash flow hedges	(571)
Amortization of discontinued cash flow hedge, Tax impact	138
Amortization of discontinued cash flow hedge	(433)
Other comprehensive income (loss), Gains and losses on cash flow hedges	(220)
Other comprehensive income (loss), Tax impact	52
Other comprehensive income (loss) for the three months ended March 31, 2023	(168)
AOCI balance, Gains and losses on cash flow hedges	812
AOCI balance, Tax impact	(196)
AOCI balance	616
Amount of Gain or (Loss) Recognized in OCI, net of tax, on Derivative	(168)
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Interest Expense, Net [Member]
Other comprehensive income (loss) for the three months ended March 31, 2023	0
Amount of Gain or (Loss) Recognized in OCI, net of tax, on Derivative	0
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Cost of Sales [Member]
Other comprehensive income (loss) for the three months ended March 31, 2023	68	1,056
Amount of Gain or (Loss) Recognized in OCI, net of tax, on Derivative	68	1,056
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Expense, Net [Member]
Other comprehensive income (loss) for the three months ended March 31, 2023		(88)
Amount of Gain or (Loss) Recognized in OCI, net of tax, on Derivative		(88)
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	(211)	(58)
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	(50)	(12)
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		$ (17)
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	$ 0

Note 4 - Derivative Instrumen_7

Note 4 - Derivative Instruments and Hedging Activities - Fair Value Adjustments of Forward Currency Forward Contracts Not Designated as Hedges (Details) - Foreign Exchange Forward [Member] - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Gain (loss) on matured swaps	$ 776	$ 0
Gain (loss) on change in fair value on unsettled swaps	745	0
Gain (Loss) on Derivative Instruments, Net, Pretax	$ 1,521	$ 0

Note 5 - Goodwill and Other I_3

Note 5 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Goodwill, Ending Balance	$ 130,410		$ 130,410
Goodwill, Impairment Loss	$ 0	$ 0
Customer Assets and Domain Names [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	7 years
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%
Network Access Services [Member]
Goodwill, Ending Balance	$ 22,700
Goodwill Percentage Related to Operating Segments	17%
Mobile Platform Services [Member]
Goodwill Percentage Related to Operating Segments	0%

Note 5 - Goodwill and Other I_4

Note 5 - Goodwill and Other Intangible Assets - Acquired Intangible Assets by Major Class (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Balances	$ 39,790
Acquisition of customer relationships	166
Amortization expense	(2,872)	$ (2,843)
Balances	37,084
Brand [Member]
Balances	2,940
Acquisition of customer relationships	0
Amortization expense	(518)
Balances	2,422
Customer Relationships [Member]
Balances	20,813
Acquisition of customer relationships	166
Amortization expense	(2,174)
Balances	18,805
Technology-Based Intangible Assets [Member]
Balances	2,770
Acquisition of customer relationships	0
Amortization expense	(155)
Balances	2,615
Network Rights [Member]
Balances	983
Acquisition of customer relationships	0
Amortization expense	(25)
Balances	958
Surname Domain Names [Member]
Balances	11,155
Acquisition of customer relationships	0
Balances	11,155
Direct Navigation Domain Names [Member]
Balances	1,129
Acquisition of customer relationships	0
Balances	$ 1,129

Note 5 - Goodwill and Other I_5

Note 5 - Goodwill and Other Intangible Assets - Estimated Future Amortization Expense of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Remainder of 2023	$ 7,505
2024	5,498
2025	4,095
2026	2,737
2027	1,476
Thereafter	3,489
Total	$ 24,800	$ 27,506

Note 6 - Loan Payable (Details

Note 6 - Loan Payable (Details Textual) - Royal Bank, Bank of Montreal, Bank of Nova Scotia, HSBC and CIBC [Member] $ in Millions	Mar. 14, 2023 USD ($)	Aug. 08, 2022	Dec. 31, 2023	Dec. 30, 2023	Sep. 30, 2023	Sep. 23, 2023	Oct. 26, 2021 USD ($)	Jun. 14, 2019 USD ($)
Maximum Total Funded Debt to EBITDA Ratio	4.50	4			3.75
Minimum Fixed Charge Coverage Ratio		3
Debt Instrument, SOFR Floor		0%
Line of Credit Facility, Periodic Payment	$ 2.8
Forecast [Member]
Maximum Total Funded Debt to EBITDA Ratio				3.75		4
Minimum Fixed Charge Coverage Ratio			3
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate		0.10%
Adjusted One Month SOFR [Member]
Debt Instrument, Basis Spread on Variable Rate		0.10%
Adjusted Three Month SOFR [Member]
Debt Instrument, Basis Spread on Variable Rate		0.15%
Adjusted Six Month SOFR [Member]
Debt Instrument, Basis Spread on Variable Rate		0.25%
Guaranteed Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity								$ 240
Accordion Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity							$ 240
Line of Credit Facility, Suspended Amount	$ 60

Note 6 - Loan Payable - Schedul

Note 6 - Loan Payable - Schedule of Standby Fees Based on Total Funded Debt to EBITDA Ratio (Details)	3 Months Ended
	Mar. 31, 2023
Debt to EBITDA is Less Than 1.75 [Member]
Standby fees	0.30%
Debt to EBITDA is Greater Than or Equal to 1.75 and Less Than 2.25 [Member]
Standby fees	0.35%
Debt to EBITDA is Greater Than or Equal to 2.25 and Less Than 2.75 [Member]
Standby fees	0.45%
Debt to EBITDA is Greater Than or Equal to 2.75 and Less Than 3.25 [Member]
Standby fees	0.50%
Debt to EBITDA is Greater Than or Equal to 3.25 and Less Than 3.75 [Member]
Standby fees	0.55%
Debt to EBITDA Greater than Or Equal To 3.75 and Less than 4.00 [Member]
Standby fees	0.60%
Debt to EBITDA is Greater Than or Equal to 4.00 [Member]
Standby fees	0.70%
Bank of Montreal and Royal Bank of Canada [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Debt to EBITDA is Less Than 1.75 [Member]
Basis Spread on Variable Rate	1.50%
Bank of Montreal and Royal Bank of Canada [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Debt to EBITDA is Greater Than or Equal to 1.75 and Less Than 2.25 [Member]
Basis Spread on Variable Rate	1.75%
Bank of Montreal and Royal Bank of Canada [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Debt to EBITDA is Greater Than or Equal to 2.25 and Less Than 2.75 [Member]
Basis Spread on Variable Rate	2.25%
Bank of Montreal and Royal Bank of Canada [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Debt to EBITDA is Greater Than or Equal to 2.75 and Less Than 3.25 [Member]
Basis Spread on Variable Rate	2.50%
Bank of Montreal and Royal Bank of Canada [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Debt to EBITDA is Greater Than or Equal to 3.25 and Less Than 3.75 [Member]
Basis Spread on Variable Rate	2.75%
Bank of Montreal and Royal Bank of Canada [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Debt to EBITDA Greater than Or Equal To 3.75 and Less than 4.00 [Member]
Basis Spread on Variable Rate	3%
Bank of Montreal and Royal Bank of Canada [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Debt to EBITDA is Greater Than or Equal to 4.00 [Member]
Basis Spread on Variable Rate	3.50%
Bank of Montreal and Royal Bank of Canada [Member] | Base Rate [Member] | Debt to EBITDA is Less Than 1.75 [Member]
Basis Spread on Variable Rate	0.25%
Bank of Montreal and Royal Bank of Canada [Member] | Base Rate [Member] | Debt to EBITDA is Greater Than or Equal to 1.75 and Less Than 2.25 [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 2.25 and Less Than 2.75 [Member]
Basis Spread on Variable Rate	1%
Bank of Montreal and Royal Bank of Canada [Member] | Base Rate [Member] | Debt to EBITDA is Greater Than or Equal to 2.75 and Less Than 3.25 [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 3.25 and Less Than 3.75 [Member]
Basis Spread on Variable Rate	1.50%
Bank of Montreal and Royal Bank of Canada [Member] | Base Rate [Member] | Debt to EBITDA Greater than Or Equal To 3.75 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	2.25%

Note 6 - Loan Payable - Sched_2

Note 6 - Loan Payable - Schedule of Loans Payable (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Loans payable	$ 236,025	$ 238,930
Less: unamortized debt discount and issuance costs	(875)	(770)
Less: loan payable, current portion	0	0
Loan payable, long-term portion	236,025	238,930
Revolver Facility [Member]
Loans payable	$ 236,900	$ 239,700

Note 6 - Loan Payable - Princip

Note 6 - Loan Payable - Principal Repayments (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Remainder of 2023	$ 0
2024	236,900
Long-term Debt	$ 236,900

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Expense (Benefit)	$ (1,710)	$ 1,078
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ (20,793)	$ (1,942)

Note 8 - Basic and Diluted Ea_3

Note 8 - 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, 2023	Mar. 31, 2022
Net income/(loss) for the period	$ (19,083)	$ (3,020)
Shares used in computing basic loss per common share (note 8) (in shares)	10,806,321	10,754,758
Effect of outstanding stock options (in shares)	0	0
Diluted weighted average number of shares outstanding (in shares)	10,806,321	10,754,758
Basic loss per common share (note 8) (in dollars per share)	$ (1.77)	$ (0.28)
Diluted loss per common share (note 8) (in dollars per share)	$ (1.77)	$ (0.28)

Note 9 - Revenue 1 (Details Tex

Note 9 - Revenue 1 (Details Textual)	3 Months Ended
	Mar. 31, 2023	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	1
Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Customer [Member]
Concentration Risk, Percentage	53%	46%

Note 9 - Revenue 2 (Details Tex

Note 9 - Revenue 2 (Details Textual) - Active Domain Name Contracts [Member] - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01	Mar. 31, 2023
Revenue, Remaining Performance Obligation, Percentage	80%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Month)	12 months

Note 9 - Revenue - Disaggregati

Note 9 - Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net Revenues	$ 80,430	$ 81,099
Balance, beginning of period	145,131
Deferred revenue	66,736
Recognized revenue	(60,433)
Balance, end of period	151,434
Balance, beginning of period	7,487
Consideration recognized as revenue	5,532
Transferred to receivables	(7,723)
Balance, end of period	5,296
Domain Name Services [Member] | Wholesale [Member]
Net Revenues	50,824	52,485
Domain Name Services [Member] | Domain Services [Member] | Wholesale [Member]
Net Revenues	46,293	46,836
Domain Name Services [Member] | Value Added Services [Member] | Wholesale [Member]
Net Revenues	4,531	5,649
Operating Segments [Member] | Fiber Internet Services [Member]
Net Revenues	11,853	9,788
Operating Segments [Member] | Mobile Platform Services [Member]
Net Revenues	7,300	6,847
Operating Segments [Member] | Mobile Platform Services [Member] | Platform Services [Member]
Net Revenues	6,498	6,097
Operating Segments [Member] | Mobile Platform Services [Member] | Other Services [Member]
Net Revenues	802	750
Operating Segments [Member] | Domain Name Services [Member]
Net Revenues	59,242	61,546
Operating Segments [Member] | Domain Name Services [Member] | Retail [Member]
Net Revenues	8,418	9,061
Consolidation, Eliminations [Member]
Net Revenues	$ 2,035	$ 2,918

Note 9 - Revenue - Cost of Reve

Note 9 - Revenue - Cost of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Network, other costs	$ 6,323	$ 4,180
Network, depreciation of property and equipment	8,436	5,895
Network, amortization of intangible assets	378	378
Network, impairment of property and equipment	1,942	27
Cost of revenue	66,369	59,901
Corporate, Non-Segment [Member]
Cost of revenue	2,558	2,610
Network Expenses [Member]
Network, other costs	6,323	4,180
Network, depreciation of property and equipment	8,436	5,895
Network, amortization of intangible assets	378	378
Network, impairment of property and equipment	1,942	27
Cost of revenue	17,079	10,480
Fiber Internet Services [Member]
Cost of revenue	3,985	4,038
Mobile Services [Member]
Cost of revenue	1,026	961
Mobile Services [Member] | Platform Services [Member]
Cost of revenue	334	185
Mobile Services [Member] | Other Services [Member]
Cost of revenue	692	776
Domain Name Services [Member]
Cost of revenue	41,721	41,812
Domain Name Services [Member] | Wholesale [Member]
Cost of revenue	37,608	37,053
Domain Name Services [Member] | Retail Services [Member]
Cost of revenue	4,113	4,759
Domain Name Services [Member] | Domain Services [Member] | Wholesale [Member]
Cost of revenue	37,002	36,397
Domain Name Services [Member] | Value Added Services [Member] | Wholesale [Member]
Cost of revenue	$ 606	$ 656

Note 10 - Costs to Obtain and_3

Note 10 - Costs to Obtain and Fulfill a Contract (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Capitalized Contract Cost, Amortization	$ (149)	$ (227)
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]
Increase (Decrease) in Capitalized Costs	$ 46,700
Capitalized Contract Cost, Amortization	42,700
Capitalized Contract Cost, Impairment Loss	$ 0

Note 10 - Costs to Obtain and_4

Note 10 - Costs to Obtain and Fulfill a Contract - Capitalized Contract Costs Activity (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Deferral of costs	$ 46,703
Recognized costs	(42,747)
Deferred Costs of Acquisition [Member]
Balance	110,674
Balance	$ 114,630

Note 11 - Leases (Details Textu

Note 11 - Leases (Details Textual)	3 Months Ended
	Mar. 31, 2023
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 11 - Leases - Components o

Note 11 - Leases - Components of Lease Expense and Other Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Operating Lease Cost (leases with a total term greater than 12 months)	$ 1,273	$ 849
Short-term Lease Cost (leases with a total term of 12 months or less)	87	11
Variable Lease Cost	434	103
Total Lease Cost	1,794	963
Operating Lease - Operating Cash Flows (Fixed Payments)	1,378	936
Operating Lease - Operating Cash Flows (Liability Reduction)	1,219	832
New ROU Assets - Operating Leases	$ 2,821	$ 1,378
Weighted Average Discount Rate	4.78%		3.11%
Weighted Average Remaining Lease Term (Year)	6 years 4 months 9 days		7 years 4 months 9 days

Note 11 - Leases - Future Minim

Note 11 - Leases - Future Minimum Lease Payments (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Remaining of 2023	$ 4,344
2024	5,279
2025	3,851
2026	2,136
2027	1,408
Thereafter	3,948
Total future lease payments	20,967
Less imputed interest	2,267
Total	$ 18,700

Note 12 - Segment Reporting (De

Note 12 - Segment Reporting (Details Textual)	3 Months Ended
	Mar. 31, 2023
Number of Operating Segments	3

Note 12 - Segment Reporting - I

Note 12 - Segment Reporting - Information by Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net income/(loss) for the period	$ (19,083)	$ (3,020)
Provision for income taxes (note 7)	(1,710)	1,078
Depreciation of property and equipment	8,588	6,043
Impairment and loss on disposition of property and equipment	1,942	412
Amortization of intangible assets	2,872	2,843
Interest expense, net	7,880	1,796
Accretion of contingent consideration	0	98
Share-Based Payment Arrangement, Expense	2,246	1,391
Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities	40	53
Acquisition and other costs1	255	617
Adjusted EBITDA	3,030	11,311
External Revenues	80,430	81,099
Intersegment Revenues	0	0
Revenues	80,430	81,099
Direct cost of revenues	49,290	49,421
Segment Gross Margin	31,140	31,678
Network, other costs	6,323	4,180
Network, depreciation of property and equipment	8,436	5,895
Network, amortization of intangible assets	378	378
Network, impairment of property and equipment	1,942	27
Gross profit	14,061	21,198
Sales and marketing	15,737	11,987
Technical operations and development	4,815	3,765
General and administrative	8,146	7,296
Depreciation of property and equipment	152	148
Loss on disposition of property and equipment	0	385
Amortization of intangible assets	2,494	2,465
Total expenses	31,344	26,046
Income (Loss) from operations	(17,283)	(4,848)
Interest expense, net	(7,880)	(1,796)
Income earned on sale of transferred assets	4,370
Other expense, net	0	50
Total other income (expenses)	(3,510)	2,906
Income (Loss) before provision for income taxes	(20,793)	(1,942)
Adjusted EBITDA	3,030	11,311
Income earned on sale of transferred assets		4,752
Ting [Member]
Adjusted EBITDA	(9,273)	(4,321)
External Revenues	11,853	9,788
Intersegment Revenues	0	0
Revenues	11,853	9,788
Direct cost of revenues	3,985	4,038
Segment Gross Margin	7,868	5,751
Adjusted EBITDA	(9,273)	(4,321)
Wavelo [Member]
Adjusted EBITDA	335	2,047
External Revenues	7,958	7,004
Intersegment Revenues	658	157
Revenues	7,300	6,847
Direct cost of revenues	1,026	961
Segment Gross Margin	6,274	5,886
Adjusted EBITDA	335	2,047
Tucows Domains [Member]
Adjusted EBITDA	10,338	11,774
External Revenues	59,242	61,546
Intersegment Revenues	0	0
Revenues	59,242	61,546
Direct cost of revenues	41,721	41,812
Segment Gross Margin	17,521	19,733
Adjusted EBITDA	10,338	11,774
Corporate Segment [Member]
Adjusted EBITDA	1,630	1,811
External Revenues	1,377	2,761
Intersegment Revenues	(658)	(157)
Revenues	2,035	2,918
Direct cost of revenues	2,558	2,610
Segment Gross Margin	(523)	308
Adjusted EBITDA	1,630	1,811
Fiber Internet Services [Member]
Adjusted EBITDA	3,030
Adjusted EBITDA	$ 3,030
Mobile Services [Member]
Adjusted EBITDA		11,311
Adjusted EBITDA		$ 11,311

Note 12 - Segment Reporting - S

Note 12 - Segment Reporting - Summary of Property and Equipment by Geographic Region (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Property and equipment	$ 303,791	$ 281,495
CANADA
Property and equipment	1,348	1,240
UNITED STATES
Property and equipment	302,407	280,219
Europe [Member]
Property and equipment	$ 36	$ 36

Note 12 - Segment Reporting -_2

Note 12 - Segment Reporting - Summary of Amortizable Intangible Assets by Geographic Region (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Amortizable intangible assets	$ 24,800	$ 27,506
CANADA
Amortizable intangible assets	2,349	2,736
UNITED STATES
Amortizable intangible assets	22,451	24,770
GERMANY
Amortizable intangible assets	$ 0	$ 0

Note 12 - Segment Reporting -_3

Note 12 - Segment Reporting - Summary of Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Balance at beginning of period	$ 693	$ 541
Charged to costs and expenses	0	152
Write-offs during period	68	0
Balance at end of period	$ 625	$ 693

Note 13 - Stockholders' Equit_2

Note 13 - Stockholders' Equity (Details Textual) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		18 Months Ended
	Mar. 31, 2023	Jun. 30, 2022	Sep. 30, 2022	Feb. 10, 2023	Feb. 09, 2023	Feb. 10, 2022	Feb. 09, 2021
Stock Buyback Program 2023 [Member]
Stock Repurchase Program, Authorized Amount				$ 40	$ 40
Stock Repurchased and Retired During Period, Shares (in shares)	0
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

Note 13 - Stockholders' Equit_3

Note 13 - Stockholders' Equity - Stockholders' Equity Transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Balances	$ 96,657
Exercise of stock options	0
Stock-based compensation	2,246
Net income	(19,083)	$ (3,020)
Other comprehensive income (loss)	(168)
Balances	$ 79,652
Common Stock [Member]
Balances (in shares)	10,817,110
Balances	$ 31,868
Exercise of stock options (in shares)	0
Exercise of stock options	$ 0
Stock-based compensation (in shares)	14,325
Stock-based compensation	$ 593
Other comprehensive income (loss)	$ 0
Balances (in shares)	10,831,435
Balances	$ 32,461
Additional Paid-in Capital [Member]
Balances	8,106
Exercise of stock options	0
Stock-based compensation	1,653
Other comprehensive income (loss)	0
Balances	9,759
Retained Earnings [Member]
Balances	55,899
Exercise of stock options	0
Stock-based compensation	0
Net income	(19,083)
Other comprehensive income (loss)	0
Balances	36,816
AOCI Attributable to Parent [Member]
Balances	784
Exercise of stock options	0
Stock-based compensation
Other comprehensive income (loss)	(168)
Balances	$ 616

Note 14 - Share-based Payment_2

Note 14 - Share-based Payments (Details Textual) - USD ($) $ in Thousands				1 Months Ended		3 Months Ended		12 Months Ended
	Jan. 16, 2023	Nov. 09, 2022	Oct. 08, 2010	Nov. 30, 2020	Sep. 30, 2015	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Nov. 22, 2006
Common Stock, Shares, Outstanding (in shares)						10,831,435			10,817,110
Share-Based Payment Arrangement, Expense						$ 2,246	$ 1,391
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Expense						2,200	1,400
Equity Compensation Plan 2006 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)			1,725,000	4,000,000	2,475,000					1,250,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized (in shares)			475,000	1,530,000	750,000
Share-Based Payment Arrangement, Expense						1,504	1,391
Equity Compensation Plan 2006 [Member] | Share-Based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)								4 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)								7 years
Equity Compensation Plan 2006 [Member] | Automatic Formula Grants of Nonqualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)								1 year
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)								5 years
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount						$ 7,100
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)						2 years 4 months 24 days
The 2022 Wavelo Equity Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)		3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)		7 years
Common Stock, Capital Shares Reserved for Future Issuance (in shares)		20,000,000
Common Stock, Shares, Outstanding (in shares)		100,000,000
Share-Based Payment Arrangement, Expense						$ 546	0
The 2022 Wavelo Equity Compensation Plan [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage		25%
The 2022 Wavelo Equity Compensation Plan [Member] | Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount						$ 5,700
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)						2 years 10 months 24 days
The 2022 Ting Equity Compensation Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance (in shares)	10
Common Stock, Shares, Outstanding (in shares)	100
Share-Based Payment Arrangement, Expense						$ 196	$ 0
The 2022 Ting Equity Compensation Plan [Member] | Share-Based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	4 years
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount						$ 500
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)						2 years 10 months 24 days
The 2022 Ting Equity Compensation Plan [Member] | Share-Based Payment Arrangement, Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)	10 years

Note 14 - Share-based Payment_3

Note 14 - Share-based Payments - Stock Option Transactions (Details) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Equity Compensation Plan 2006 [Member]
Outstanding, Number of shares (in shares)	1,036,748	901,651
Outstanding, Weighted average exercise price per share (in dollars per share)	$ 59.97	$ 56.44
Granted, Number of shares (in shares)	10,000	7,000
Granted, Weighted average exercise price per share (in dollars per share)	$ 22.36	$ 71.43
Exercised, Number of shares (in shares)	0	(11,592)
Exercised, Weighted average exercise price per share (in dollars per share)	$ 0	$ 56.63
Forfeited, Number of shares (in shares)	(18,423)	(12,568)
Forfeited, Weighted average exercise price per share (in dollars per share)	$ 60.04	$ 86.20
Expired, Number of shares (in shares)	(6,725)	(1,237)
Expired, Weighted average exercise price per share (in dollars per share)	$ 67.25	$ 62.51
Outstanding, Number of shares (in shares)	1,021,600	883,254
Outstanding, Weighted average exercise price per share (in dollars per share)	$ 60.04	$ 64.37
Options exercisable, Number of shares (in shares)	515,204	405,846
Options exercisable, Weighted average exercise price per share (in dollars per share)	$ 62.70	$ 56.40
The 2022 Wavelo Equity Compensation Plan [Member]
Outstanding, Number of shares (in shares)	15,975,528
Outstanding, Weighted average exercise price per share (in dollars per share)	$ 1.27
Granted, Number of shares (in shares)	580,750
Granted, Weighted average exercise price per share (in dollars per share)	$ 1.27
Exercised, Number of shares (in shares)	0
Exercised, Weighted average exercise price per share (in dollars per share)	$ 0
Forfeited, Number of shares (in shares)	(86,683)
Forfeited, Weighted average exercise price per share (in dollars per share)	$ 1.27
Expired, Number of shares (in shares)	0
Expired, Weighted average exercise price per share (in dollars per share)	$ 0
Outstanding, Number of shares (in shares)	16,469,595
Outstanding, Weighted average exercise price per share (in dollars per share)	$ 1.27
Options exercisable, Number of shares (in shares)	4,602,003
Options exercisable, Weighted average exercise price per share (in dollars per share)	$ 1.27
The 2022 Ting Equity Compensation Plan [Member]
Outstanding, Number of shares (in shares)	0
Outstanding, Weighted average exercise price per share (in dollars per share)	$ 0
Granted, Number of shares (in shares)	7,315,000
Granted, Weighted average exercise price per share (in dollars per share)	$ 6
Exercised, Number of shares (in shares)	0
Exercised, Weighted average exercise price per share (in dollars per share)	$ 0
Forfeited, Number of shares (in shares)	(35,473)
Forfeited, Weighted average exercise price per share (in dollars per share)	$ 6
Expired, Number of shares (in shares)	0
Expired, Weighted average exercise price per share (in dollars per share)	$ 0
Outstanding, Number of shares (in shares)	7,279,527
Outstanding, Weighted average exercise price per share (in dollars per share)	$ 6
Options exercisable, Number of shares (in shares)	1,836,206
Options exercisable, Weighted average exercise price per share (in dollars per share)	$ 6

Note 14 - Stock Option Plans -

Note 14 - Stock Option Plans - Summary of Exercise Prices, Weighted Average Remaining Contractual Life and Intrinsic Values of Outstanding Options (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) $ / shares shares
Equity Compensation Plan 2006 [Member]
Number outstanding (in shares) | shares	1,021,600
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 59.58
Weighted average remaining contractual life, options outstanding (Year)	4 years 1 month 6 days
Aggregate intrinsic value, options outstanding | $	$ 0
Number exercisable (in shares) | shares	515,204
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 62.70
Aggregate intrinsic value, options exercisable | $	$ 0
Weighted average remaining contractual life, options exercisable (Year)	2 years 8 months 12 days
The 2022 Wavelo Equity Compensation Plan [Member]
Number outstanding (in shares) | shares	16,469,595
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 1.27
Weighted average remaining contractual life, options outstanding (Year)	6 years 7 months 6 days
Aggregate intrinsic value, options outstanding | $	$ 0
Number exercisable (in shares) | shares	4,602,003
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 1.27
Aggregate intrinsic value, options exercisable | $	$ 0
Weighted average remaining contractual life, options exercisable (Year)	6 years 7 months 6 days
The 2022 Ting Equity Compensation Plan [Member]
Number outstanding (in shares) | shares	7,279,527
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 6
Weighted average remaining contractual life, options outstanding (Year)	6 years 9 months 18 days
Aggregate intrinsic value, options outstanding | $	$ 0
Number exercisable (in shares) | shares	1,836,206
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 6
Aggregate intrinsic value, options exercisable | $	$ 0
Weighted average remaining contractual life, options exercisable (Year)	6 years 9 months 18 days
Exercise Price Range 01 [Member] | Equity Compensation Plan 2006 [Member]
Exercise price - lower (in dollars per share)	$ 22.36
Exercise price - higher (in dollars per share)	$ 22.36
Number outstanding (in shares) | shares	10,000
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 22.36
Weighted average remaining contractual life, options outstanding (Year)	7 years
Aggregate intrinsic value, options outstanding | $	$ 0
Number exercisable (in shares) | shares	0
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 0
Aggregate intrinsic value, options exercisable | $	$ 0
Exercise Price Range 01 [Member] | The 2022 Wavelo Equity Compensation Plan [Member]
Exercise price - lower (in dollars per share)	$ 0
Exercise price - higher (in dollars per share)	$ 1.27
Number outstanding (in shares) | shares	16,469,595
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 1.27
Weighted average remaining contractual life, options outstanding (Year)	6 years 7 months 6 days
Aggregate intrinsic value, options outstanding | $	$ 0
Number exercisable (in shares) | shares	4,602,003
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 1.27
Aggregate intrinsic value, options exercisable | $	$ 0
Weighted average remaining contractual life, options exercisable (Year)	6 years 7 months 6 days
Exercise Price Range 01 [Member] | The 2022 Ting Equity Compensation Plan [Member]
Exercise price - lower (in dollars per share)	$ 0
Exercise price - higher (in dollars per share)	$ 6
Number outstanding (in shares) | shares	7,279,527
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 6
Weighted average remaining contractual life, options outstanding (Year)	6 years 9 months 18 days
Aggregate intrinsic value, options outstanding | $	$ 0
Number exercisable (in shares) | shares	1,836,206
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 6
Aggregate intrinsic value, options exercisable | $	$ 0
Weighted average remaining contractual life, options exercisable (Year)	6 years 9 months 18 days
Exercise Price Range 02 [Member] | Equity Compensation Plan 2006 [Member]
Exercise price - lower (in dollars per share)	$ 30.70
Exercise price - higher (in dollars per share)	$ 30.74
Number outstanding (in shares) | shares	20,000
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 30.71
Weighted average remaining contractual life, options outstanding (Year)	6 years 8 months 12 days
Aggregate intrinsic value, options outstanding | $	$ 0
Number exercisable (in shares) | shares	0
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 0
Aggregate intrinsic value, options exercisable | $	$ 0
Exercise Price Range 03 [Member] | Equity Compensation Plan 2006 [Member]
Exercise price - lower (in dollars per share)	$ 40.04
Exercise price - higher (in dollars per share)	$ 48
Number outstanding (in shares) | shares	229,110
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 42.38
Weighted average remaining contractual life, options outstanding (Year)	5 years 10 months 24 days
Aggregate intrinsic value, options outstanding | $	$ 0
Number exercisable (in shares) | shares	7,000
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 47.29
Aggregate intrinsic value, options exercisable | $	$ 0
Weighted average remaining contractual life, options exercisable (Year)	1 year 9 months 18 days
Exercise Price Range 04 [Member] | Equity Compensation Plan 2006 [Member]
Exercise price - lower (in dollars per share)	$ 51.82
Exercise price - higher (in dollars per share)	$ 59.98
Number outstanding (in shares) | shares	197,708
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 55.72
Weighted average remaining contractual life, options outstanding (Year)	1 year 6 months
Aggregate intrinsic value, options outstanding | $	$ 0
Number exercisable (in shares) | shares	192,158
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 55.72
Aggregate intrinsic value, options exercisable | $	$ 0
Weighted average remaining contractual life, options exercisable (Year)	1 year 4 months 24 days
Exercise Price Range 05 [Member] | Equity Compensation Plan 2006 [Member]
Exercise price - lower (in dollars per share)	$ 60.01
Exercise price - higher (in dollars per share)	$ 68.41
Number outstanding (in shares) | shares	310,108
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 62.09
Weighted average remaining contractual life, options outstanding (Year)	3 years 3 months 18 days
Aggregate intrinsic value, options outstanding | $	$ 0
Number exercisable (in shares) | shares	219,353
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 62.68
Aggregate intrinsic value, options exercisable | $	$ 0
Weighted average remaining contractual life, options exercisable (Year)	3 years 1 month 6 days
Exercise Price Range 06 [Member] | Equity Compensation Plan 2006 [Member]
Exercise price - lower (in dollars per share)	$ 70.13
Exercise price - higher (in dollars per share)	$ 79.51
Number outstanding (in shares) | shares	238,174
Weighted average exercise price per share, options outstanding (in dollars per share)	$ 78.54
Weighted average remaining contractual life, options outstanding (Year)	4 years 10 months 24 days
Aggregate intrinsic value, options outstanding | $	$ 0
Number exercisable (in shares) | shares	89,756
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 77.43
Aggregate intrinsic value, options exercisable | $	$ 0
Weighted average remaining contractual life, options exercisable (Year)	4 years 7 months 6 days
Exercise Price Range 07 [Member] | Equity Compensation Plan 2006 [Member]
Exercise price - lower (in dollars per share)	$ 80.61
Exercise price - higher (in dollars per share)	$ 82.07
Number outstanding (in shares) | 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)	5 years 6 months
Aggregate intrinsic value, options outstanding | $	$ 0
Number exercisable (in shares) | shares	6,937
Weighted average exercise price per share, options exercisable (in dollars per share)	$ 81.60
Aggregate intrinsic value, options exercisable | $	$ 0
Weighted average remaining contractual life, options exercisable (Year)	5 years 6 months

Note 14 - Stock Option Plans _2

Note 14 - Stock Option Plans - Stock-based Compensation Allocation to Operating Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Allocated share based compensation expense	$ 2,246	$ 1,391
Equity Compensation Plan 2006 [Member]
Allocated share based compensation expense	1,504	1,391
The 2022 Wavelo Equity Compensation Plan [Member]
Allocated share based compensation expense	546	0
The 2022 Ting Equity Compensation Plan [Member]
Allocated share based compensation expense	$ 196	$ 0

Note 15 - Fair Value Measurem_3

Note 15 - 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, 2023	Dec. 31, 2022
Derivative instrument asset, net	$ 1,120	$ 1,514
Fair Value, Inputs, Level 1 [Member]
Derivative instrument asset, net	0	0
Fair Value, Inputs, Level 2 [Member]
Derivative instrument asset, net	1,120	1,514
Fair Value, Inputs, Level 3 [Member]
Derivative instrument asset, net	$ 0	$ 0

Note 16 - Other Income (Details

Note 16 - Other Income (Details Textual) - USD ($) $ in Thousands		3 Months Ended
	Aug. 01, 2020	Mar. 31, 2023	Mar. 31, 2022
Purchase Agreement, Income		$ 4,370	$ 4,752
Purchase Agreement With DISH Wireless LLC [Member]
Purchase Agreement, Duration of Monthly Fees (Year)	10 years
Purchase Agreement, Income		$ 4,370	$ 4,752

Note 16 - Other Income - Other

Note 16 - Other Income - Other Income (Expenses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income earned on sale of Transferred Assets	$ 4,370	$ 4,752
Purchase Agreement With DISH Wireless LLC [Member]
Income earned on sale of Transferred Assets	4,370	4,752
Total Other Income	$ 4,370	$ 4,752

Note 17 - Redeemable Preferre_3

Note 17 - Redeemable Preferred Shares (Details Textual) - Series A Preferred Units [Member] - USD ($) $ / shares in Units, $ in Millions	May 04, 2023	Aug. 08, 2022	Apr. 21, 2023	Mar. 31, 2023	Jan. 30, 2023
Unit Purchase Agreement, Preferred Units Issued (in shares)		10,000,000			5,000,000
Unit Purchase Agreement, Price Per Unit (in dollars per share)		$ 6			$ 6
Unit Purchase Agreement, Aggregate Additional Preferred Units (in shares)		23,333,333.34
Unit Purchase Agreement, Capital upon the Initial Funding		$ 60			$ 30
Unit Purchase Agreement, Additional Capital Commitments		140		$ 82.5
Unit Purchase Agreement, Payment Pursuant to Milestone Fundings		$ 140
Unit Purchase Agreement, Milestone Fundings, Standby Fee Rate		0.50%
Preferred Stock, Dividend Rate, Percentage		15%
Unit Purchase Agreement, Accretion Expense on the Redeemable Preferred Shares				4.2
Legal Fees		$ 0.9
Preferred Stock, Liquidation Preference, Value				$ 125.6
Subsequent Event [Member]
Unit Purchase Agreement, Preferred Units Issued (in shares)			833,333
Unit Purchase Agreement, Price Per Unit (in dollars per share)			$ 6
Unit Purchase Agreement, Capital upon the Initial Funding			$ 5
Stock Redeemed or Called During Period, Shares (in shares)	5,173,067
Stock Redeemed or Called, Discount on Premium	30%
Stock Redeemed or Called During Period, Value	$ 45.7
Minimum [Member]
Preferred Stock, Dividend Rate, Percentage		13%
Maximum [Member]
Preferred Stock, Dividend Rate, Percentage		17%

Note 17 - Redeemable Preferre_4

Note 17 - Redeemable Preferred Shares - Borrowings (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Opening Balance	$ 91,396	$ 0
Add: Funding at Transaction Close	0	60,000
Add: Milestone Funding	30,000	27,500
Add: Accretion of redeemable preferred shares	4,179	3,896
Redeemable Preferred Shares balance	125,575	91,396
Less: Deferred Preferred Financing Costs	(771)	(962)
Total Redeemable Preferred Shares	$ 124,804	$ 90,434

Note 17 - Redeemable Preferre_5

Note 17 - Redeemable Preferred Shares - Schedule of Payments (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Remainder of 2023	$ 0
2024	9,241
2025	23,424
2026	23,296
2027 and thereafter	191,759
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value, Amount	$ 247,720

Note 19 - Subsequent Events (De

Note 19 - Subsequent Events (Details Textual) - Subsequent Event [Member] - USD ($)	May 04, 2023	Apr. 21, 2023
Ting Issuer LLC [Member] | Secured Fiber Revenue Notes, Series 2023-1, Class A-2 [Member]
Debt Instrument, Face Amount	$ 168,357,000
Debt Instrument, Interest Rate, Stated Percentage	5.95%
Ting Issuer LLC [Member] | Secured Fiber Revenue Notes, Series 2023-1, Class B [Member]
Debt Instrument, Face Amount	$ 23,289,000
Debt Instrument, Interest Rate, Stated Percentage	7.40%
Ting Issuer LLC [Member] | Secured Fiber Revenue Notes, Series 2023-1, Class C [Member]
Debt Instrument, Face Amount	$ 46,859,000
Debt Instrument, Interest Rate, Stated Percentage	9.95%
Series A Preferred Units [Member]
Preferred Units, Issued (in shares)		833,333
Shares Issued, Price Per Share (in dollars per share)		$ 6
Unit Purchase Agreement, Milestone Method, Additional Revenue		$ 5,000,000
Unit Purchase Agreement, Milestone Method, Future Capital Commitment		$ 77,500,000
Stock Redeemed or Called During Period, Shares (in shares)	5,173,067
Stock Redeemed or Called, Discount on Premium	30%
Stock Redeemed or Called During Period, Value	$ 45,700,000