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Note 13 - Stockholders' Equity

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

1

3

. Stockholders’ Equity:

The following unaudited table summarizes stockholders' equity transactions for the

three

-month period ended

March 31, 2018: 

																		Accumulated
										Additional				Retained				other				Total
		Common stock								paid in				earnings				comprehensive				stockholders'
		Number				Amount				capital				(deficit)				income (loss)				equity
Balances, December 31, 2017			10,583,879			$	15,368,161			$	2,166,768			$	42,675,805			$	-			$	60,210,734
Impact of Adoption of ASU 2014-09			-				-				-				1,062,952				-				1,062,952
Balance on January 1, 2018			10,583,879				15,368,161				2,166,768				43,738,757				-				61,273,686
Exercise of stock options			12,563				57,943				(50,742	)			-				-				7,201
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration			(4,327	)							(147,068	)			-				-				(147,068	)
Stock-based compensation (note 15)			-				-				578,182				-				-				578,182
Net income			-				-				-				3,743,692				-				3,743,692
Accretion of redeemable non-controlling interest in Ting Virginia, LLC.			-				-				-				(63,610	)			-				(63,610	)
Other comprehensive income (loss)			-				-				-				-				17,425				17,425
Balances, March 31, 2018			10,592,115			$	15,426,104			$	2,547,140			$	47,418,839			$	17,425			$	65,409,508

On

February 14, 

2018,

the Company announced that its Board of Directors has 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 14, 

2018

and will terminate on or before

February 13, 2019.

During the

three

months ended

March 31, 2018,

the Company did

not

repurchase any shares under this program.

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 were to be made exclusively through the facilities of the NASDAQ Capital Market. The stock buyback program commenced on

March 1, 

2017

and terminated on

February 14, 2018.

During the

three

months ended

March 31, 2018,

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 were to 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.

During the

three

months ended

March 31, 2017,

the Company did

not

repurchase any shares under this program.

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- References

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

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