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Note 18 - Subsequent Events | 9 Months Ended
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Sep. 30, 2019
Notes to Financial Statements |
Subsequent Events [Text Block] | 1 8 . Subsequent Events On October 9, 2019 consistent with the Company’s historical risk management strategy to mitigate the foreign exchange fluctuations incurred on its future cash flows, the Company entered into a series of forward contracts to exchange US dollars for Canadian dollars. The notional amount of forward contracts the Company entered into was US $30.5 million, which will convert to CDN $40.5 million. The forward contracts mature between January and December of 2020. On October 31, 2019, the Company entered into a Stock Purchase Agreement to purchase all of the issued and outstanding shares of Cedar Holdings Group, Incorporated, a fiber Internet provider business based in Durango, Colorado. The closing of the transaction is contingent upon regulatory approval expected to take 45 days. The expected purchase price is $15.0 million of which $11.0 million will be paid at closing, $9.0 million in cash and $2.0 million in Tucows Inc. shares. The remaining $4.0 million is expected to be paid on the 24th and 36th month anniversaries of the closing of the transaction dependent upon certain milestones as defined in the Share Purchase Agreement.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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