XML 49 R34.htm IDEA: XBRL DOCUMENT v3.7.0.1

Note 9 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Year ended December 31, 201 6				Year ended December 31, 201 5				Year ended December 31, 201 4
Income for the year before provision for income taxes		$	25,112,924			$	17,942,957			$	9,428,325
Computed expected tax expense		$	8,538,245			$	6,100,605			$	3,205,631
Increase (reduction) in income tax expense resulting from:
State income taxes			530,803				265,489				64,056
Permanent differences, including foreign exchange			290,327				278,959				192,260
Other, including alternative minimum tax and adjustments to opening deferred tax assets			(313,605	)			(75,826	)			(407,718	)
Provision for income taxes		$	9,045,770			$	6,569,227			$	3,054,229

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		December 31, 201 6				December 31, 201 5
Deferred tax assets:
Deferred revenue		$	5,482,080			$	5,454,284
Foreign tax credit			1,275,937				1,529,075
Amortization			(2,184,944	)			(883,466	)
Accruals, including foreign exchange and other			1,135,652				1,521,199
Deferred tax assets		$	5,708,725			$	7,621,092
Deferred tax liabilities:
Limited life intangible assets		$	(120,232	)		$	(169,731
Indefinite life intangible assets			(4,706,960	)			(4,706,960	)
Total deferred tax liability, long-term portion		$	(4,827,192	)		$	(4,876,691	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

Total Gross Unrecognized Tax Benefits		December 31, 201 6				December 31, 201 5
Balance, beginning of year		$	117,000			$	117,000
Change in uncertain tax benefits			—				—
Balance, end of year		$	117,000			$	117,000

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=75116239&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration