. 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

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.

February

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.

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.