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Note 12 - Stockholders' Equity
 9 Months Ended
Sep. 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
September 30, 2017: 
 
   
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
Accumulated
    
 
 
 
   
 
 
 
  
 
 
 
  
Additional
    
Retained
    
other
    
Total
  
   
 
 
 
  
Common stock
    
paid in
    
earnings
    
comprehensive
    
stockholders'
  
   
Number
    
Amount
    
capital
    
(deficit)
    
income (loss)
    
equity
  
                                                 
Balances, June 30, 2017
    
10,552,401
     $
15,125,326
     $
1,607,476
     $
28,062,438
     $
330,106
     $
45,125,346
  
Exercise of stock options
    
30,051
      
159,307
      
(91,241
 )    
-
      
-
      
68,066
  
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration
    
(4,903
 )    
 
      
(116,956
 )    
-
      
-
      
(116,956
 )
Stock-based compensation (note 13)
    
-
      
-
      
202,902
      
-
      
-
      
202,902
  
Net income
    
-
      
-
      
-
      
3,439,266
      
-
      
3,439,266
  
Accretion of redeemable non-controlling interest in Ting
Virginia, LLC.
    
-
      
-
      
-
      
(12,600
 )    
-
      
(12,600
 )
Other comprehensive income (loss)
    
-
      
-
      
-
      
-
      
(8,071
 )    
(8,071
 )
Balances, September 30, 2017
    
10,577,549
     $
15,284,633
     $
1,602,181
     $
31,489,104
     $
322,035
     $
48,697,953
  
 
The following unaudited table summarizes stockholders' equity transactions for the
nine
-month period ended
September 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
    
165,673
      
824,133
      
(651,230
 )    
-
      
-
      
172,903
  
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration
    
(49,698
 )    
-
      
(1,438,497
 )    
-
      
-
      
(1,438,497
 )
Stock-based compensation (note 13)
    
-
      
-
      
833,987
      
-
      
-
      
833,987
  
Net income
    
-
      
-
      
-
      
11,127,241
      
-
      
11,127,241
  
Accretion of redeemable non-controlling interest in Ting
Virginia, LLC.
    
-
      
-
      
-
      
(37,648
 )    
-
      
(37,648
 )
Other comprehensive income (loss)
    
-
      
-
      
-
      
-
      
222,881
      
222,881
  
Balances, September 30, 2017
    
10,577,549
     $
15,284,633
     $
1,602,181
     $
31,489,104
     $
322,035
     $
48,697,953
  
 
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
nine
months ended
September 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
308,416
shares under this program for the
nine
months ended
September 30, 2016
for a total of
$7.2
million.
 
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
nine
months ended
September 30, 2016.