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Note 13 - Stockholders' Equity

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

13. STOCKHOLDERS’ EQUITY

We have authorized

20,000,000

shares of common stock,

$0.01

par value per share and

2,000,000

shares of special stock,

par value

$0.10

per share, of which

none

is outstanding.

On

December 30, 2016,

Intelligent Systems and its wholly owned subsidiary CoreCard MergerSub, Inc. entered into an Agreement and Plan of Merger with CoreCard Software, Inc., our majority owned subsidiary, providing for the recapitalization of CoreCard. Pursuant to the Merger Agreement, MergerSub merged with and into CoreCard on

January 1, 2017.

As a result of the merger, we now own

100%

of the outstanding shares of CoreCard. As such, beginning

January 1, 2017,

we

no

longer reduce income or losses by the amount that had been allocable in prior periods to the non-controlling common stock interest in CoreCard.

As a result of the recapitalization of CoreCard, we recorded the following adjustments to our shareholders

’ equity to eliminate the minority interest component. There was

no

impact on the statement of operations for the

twelve

months ended

December 31, 2017.

		As of								As of
(in thousands)		December 31, 2016				Adjustments				January 1, 2017
Intelligent Systems Corporation stockholders ’ equity:
Common stock		$	87			$	--			$	87
Additional paid-in capital			17,864				(3,038	)			14,826
Accumulated other comprehensive loss			(163	)			22				(141	)
Accumulated income			4,158				--				4,158
Total Intelligent Systems Corporation stockholders ’ equity			21,946				(3,016	)			18,930
Noncontrolling interest			(3,016	)			3,016				--
Total stockholders ’ equity		$	18,930			$	--			$	18,930

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- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

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