XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Note 12 - Stockholders' Equity | 6 Months Ended
--- | ---
Jun. 30, 2017
Notes to Financial Statements |
Stockholders' Equity Note Disclosure [Text Block] | 1 2 . Stockholders’ Equity: The fo llowing unaudited table summarizes stockholders' equity transactions for the three -month period ended June 30, 2017:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Additional |  |  | Retained |  |  | other |  |  | Total |
|  | Common stock |  |  | paid in |  |  | earnings |  |  | comprehensive |  |  | stockholders' |
|  | Number |  |  | Amount |  |  | capital |  |  | (deficit) |  |  | income (loss) |  |  | equity |
Balances, March 31, 2017 |  |  | 10,504,152 |  |  | $ | 14,783,156 |  |  | $ | 2,160,720 |  |  | $ | 22,833,503 |  |  | $ | 204,763 |  |  | $ | 39,982,142 |
Exercise of stock options |  |  | 66,746 |  |  |  | 342,170 |  |  |  | (257,201 | ) |  |  | - |  |  |  | - |  |  |  | 84,969 |
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration |  |  | (18,497 | ) |  |  | - |  |  |  | (609,308 | ) |  |  | - |  |  |  | - |  |  |  | (609,308 | )
Stock-based compensation (note 13) |  |  | - |  |  |  | - |  |  |  | 313,265 |  |  |  | - |  |  |  | - |  |  |  | 313,265 |
Net income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5,241,484 |  |  |  | - |  |  |  | 5,241,484 |
Accretion of redeemable non-controlling interest in Ting Virginia, LLC. |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (12,549 | ) |  |  | - |  |  |  | (12,549 | )
Other comprehensive income (loss) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 125,343 |  |  |  | 125,343 |
Balances, June 30, 2017 |  |  | 10,552,401 |  |  | $ | 15,125,326 |  |  | $ | 1,607,476 |  |  | $ | 28,062,438 |  |  | $ | 330,106 |  |  | $ | 45,125,346 |
The following unaudited table summarizes stockholders' equity transactions for the six -month period ended June 30, 2017:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Additional |  |  | Retained |  |  | other |  |  | Total |
|  | Common stock |  |  | paid in |  |  | earnings |  |  | comprehensive |  |  | stockholders' |
|  | Number |  |  | Amount |  |  | capital |  |  | (deficit) |  |  | income (loss) |  |  | equity |
Balances, December 31, 2016 |  |  | 10,461,574 |  |  | $ | 14,460,500 |  |  | $ | 2,857,921 |  |  | $ | 20,399,511 |  |  | $ | 99,154 |  |  | $ | 37,817,086 |
Exercise of stock options |  |  | 135,622 |  |  |  | 664,826 |  |  |  | (559,989 | ) |  |  | - |  |  |  | - |  |  |  | 104,837 |
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration |  |  | (44,795 | ) |  |  | - |  |  |  | (1,321,541 | ) |  |  | - |  |  |  | - |  |  |  | (1,321,541 | )
Stock-based compensation (note 13) |  |  | - |  |  |  | - |  |  |  | 631,085 |  |  |  | - |  |  |  | - |  |  |  | 631,085 |
Net income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,687,975 |  |  |  | - |  |  |  | 7,687,975 |
Accretion of redeemable non-controlling interest in Ting Virginia, LLC. |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (25,048 | ) |  |  | - |  |  |  | (25,048 | )
Other comprehensive income (loss) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 230,952 |  |  |  | 230,952 |
Balances, June 30, 2017 |  |  | 10,552,401 |  |  | $ | 15,125,326 |  |  | $ | 1,607,476 |  |  | $ | 28,062,438 |  |  | $ | 330,106 |  |  | $ | 45,125,346 |
On March 1, 2017, the Company announced that its Board of Directors had approved a stock buyback program to repurchase up to $40 million of its common stock in the open market. Purchases will be made exclusively through the facilities of the NASDAQ Capital Market. The stock buyback program commenced on March 1, 2017 and will terminate on or before February 28, 2018. During the three and six months ended June 30, 2017, the Company did not repurchase any shares under this program. On February 9, 2016, the Company announced that its Board of Directors had approved a stock buyback program to repurchase up to $40 million of its common stock in the open market. Purchases will be made exclusively through the facilities of the NASDAQ Capital Market. The stock buyback program commenced on February 10, 2016 and terminated on February 9, 2017. The Company repurchased 209,698 and 308,416 shares under this program for the three and six months ended June 30, 2016 for a total of $5.0 million and $7.2 million, respectively. On February 11, 2015, the Company announced that its Board of Directors had approved a stock buyback program to repurchase up to $20 million of its common stock in the open market. Purchases were made exclusively through the facilities of the NASDAQ Capital Market. The stock buyback program commen ced on February 16, 2015 and terminated on February 9, 2016. The Company did not repurchase any shares under this program during the six months ended June 30, 2016.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration