XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Note 3 - Recent Accounting Pronouncements (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2018
Notes Tables |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] |
|  | March 31, 2018 |
|  |  |  |  |  |  |  |  |  | Balances without |
Consolidated Balance Sheet |  | As reported |  |  | Adjustments |  |  | adoption of Topic 606 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Contract Costs (note 11) |  | $ | 1,378,336 |  |  | $ | (1,378,336 | ) |  | $ | - |
Total assets |  |  | 341,360,951 |  |  | $ | (1,378,336 | ) |  | $ | 339,982,615 |
Liabilities and Shareholders' Equity |  |  |  |  |  |  |  |  |  |  |  |
Deferred tax liability (note 8) |  | $ | 20,116,385 |  |  | $ | (346,900 | ) |  | $ | 19,769,485 |
Retained earnings |  |  | 47,418,839 |  |  |  | (1,031,436 | ) |  |  | 46,387,403 |
Total Liabilities and Shareholders' Equity |  | $ | 341,360,951 |  |  | $ | (1,378,336 | ) |  | $ | 339,982,615 |
|  | Three months ended, March 31, 2018 |
|  |  |  |  |  |  |  |  |  | Balances without |
Consolidated Statements of Operations and Comprehensive Income |  | As reported |  |  | Adjustments |  |  | adoption of Topic 606 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Sales and marketing |  | $ | 8,364,787 |  |  | $ | (25,272 | ) |  | $ | 8,339,515 |
Income before provision for income taxes |  |  | 4,926,610 |  |  |  | 25,272 |  |  |  | 4,951,882 |
Provision for income tax (note 8) |  |  | 1,182,918 |  |  |  | (6,134 | ) |  |  | 1,189,052 |
Net income for the period |  | $ | 3,743,692 |  |  | $ | 19,138 |  |  | $ | 3,762,830 |

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22580-107794 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e725-108305 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
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