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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.

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