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Note 18 - Subsequent Events | 12 Months Ended
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Dec. 31, 2017
Notes to Financial Statements |
Subsequent Events [Text Block] |
18. | Subsequent events
On January 12, 2018, we entered into a Loan Agreement with a private limited company in India in the FinTech industry. We initially committed to advance $235,000. A subsequent advance, of $200,000, may be made at our sole discretion. The loan bears interest at the rate of 5.0 percent annually with the maturity date for each Promissory Note on the third anniversary of funding. We may elect, at our sole discretion, to convert the initial Promissory Note, for 10 percent equity ownership in the company. The note holder has the election to force conversion, after thirty days from execution of the Note, if they were to receive an additional $1,000,000 in funding from an unrelated third party(s). The Second Promissory Note, if we elect to fund, may be converted for an additional 9.5 percent equity ownership in the company. On February 5, 2018, the private limited company entered into a three year Processing Agreement with CoreCard. We are not aware of any other s ignificant events that occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on our Consolidated Financial Statements.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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