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Note 12 - Stockholders' Equity
9 Months Ended
Sep. 30, 2011
Stockholders' Equity Note Disclosure [Text Block]
12. STOCKHOLDERS’ EQUITY:

The following unaudited table summarizes stockholders’ equity transactions for the three and nine month period ended September 30, 2011:

                     
Accumulated
             
               
Additional
   
Other
         
Total
 
   
Common Stock
   
Paid in
   
Comprehensive
         
Stockholders’
 
   
Shares
   
Amount
   
Capital
   
Income
   
Deficit
   
equity
 
                                     
Balances, December 31, 2010
    53,448,591     $ 11,324,866     $ 40,700,587     $ —     $ (28,104,216 )   $ 23,921,237  
                                                 
Exercise of stock options
    7,250       6,268       (2,808 )     —       —       3,460  
Stock-based compensation
    —       —       127,730       —       —       127,730  
Cancellation of restricted stock
    (450 )     —       —       —       —       —  
Net income for the period
    —       —       —       —       1,293,605       1,293,605  
                                                 
Balances, June 30, 2011
    53,455,391       11,331,134       40,825,509       —       (26,810,611 )     25,346,032  
                                                 
Exercise of stock options
    22,583       18,479       (7,794 )     —       —       10,685  
Stock-based compensation
    —       —       120,887       —       —       120,887  
Cancellation of restricted stock
    (100 )     —       —       —       —       —  
Accumulated other comprehensive income
    —       —       —       (26,121 )     —       (26,121 )
Net loss for the period
    —       —       —       —       (1,152,139 )     (1,152,139 )
                                                 
Balances, September 30, 2011
    53,477,874     $ 11,349,613     $ 40,938,602     $ (26,121 )   $ (27,962,750 )   $ 24,299,344  

On February 16, 2010, the Company’s Board of Directors authorized the repurchase of up to $10 million of the Company’s common stock at the Company’s discretion. Under this repurchase program, the Company did not repurchase any shares during the three months ended September 30, 2010, and repurchased 3,409,300 shares during the nine months ended September 30, 2010. This repurchase program was terminated on September 9, 2010 when Tucows announced its intention to commence a Dutch Auction Tender Offer.