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Note 14 - Subsequent Events
9 Months Ended
Sep. 30, 2014
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

14. SUBSEQUENT EVENTS


Forward exchange forward contracts


During October 2014, the Company entered into foreign exchange forward contracts to hedge a portion of its expected Canadian dollar requirements for the fiscal year ending December 31, 2015. These contracts have a notional value of $5.0 million, whereby $5.0 million is converted into Canadian dollars during 2015 at an average foreign exchange rate of US$1.00: Cdn$1.1376.


In March 2013, we entered into a joint venture structure with Radix FZC and Namecheap Inc. (the “.online Joint Venture”) to seek to acquire and subsequently operate the registry business regarding the .online new gTLD string. During October 2014, in a private auction, the .online Joint Venture secured the right to negotiate to become the exclusive registry operator for the .online gTLD string. We expect to contribute $4 million to $5 million to cover the cost of the auction and the initial funding of seed capital for the registry. We expect to own a minority interest in the .online Joint Venture.