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Schedule I - Condensed Financial Information of Parent Company | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | CONDENSED FINANCIAL STATEMENTS OF TUCOWS INC. (PARENT COMPANY) All operating activities of Tucows Inc. (the “Parent Company”) are primarily conducted by its operating subsidiaries, Tucows.com Co (“Tucows.com Co”), eNom LLC ("eNom"), EPAG Domainservices GmbH (“EPAG”), Ascio Technologies, Corp (“Ascio”), Ting Inc. (“Ting Inc”), Wavelo, Inc. (“Wavelo”) and Ting Fiber, LLC (“Ting Fiber”). The Parent Company holds a direct 100% ownership interest in Tucows (Delaware) Inc. ("Tucows Delaware"), which holds the Parent Company’s interest in its operating subsidiaries. The Parent Company is a holding company that does not conduct any substantive business operations and does not have any assets or liabilities other than cash and cash equivalents, accounts receivables, prepaid expenses, intangible assets, derivative instruments, accounts payables, accrued liabilities, investments in its subsidiaries and due to related party. The operations of Ting Fiber, LLC are partially funded through Redeemable preferred units which have restrictions on the ability to pay dividends, loan funds and make other upstream distributions to the Parent Company without prior approval by the holder of the Redeemable preferred units. These Condensed Parent Company financial statements have been prepared using the same accounting principles and policies described in the notes to the Consolidated Financial Statements. Refer to the Consolidated Financial Statements and notes presented above for additional information and disclosures with respect to these condensed financial statements. PARENT COMPANY INFORMATION TUCOWS INC SCHEDULE I - CONDENSED BALANCE SHEETS (Dollar amounts in thousands of U.S. dollars)
|  | December 31, 2023 |  |  | December 31, 2022 |
Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 7,051 |  |  | $ | 3,897 |
Accounts receivable |  |  | - |  |  |  | 482 |
Prepaid expenses and deposits |  |  | 610 |  |  |  | 528 |
Income taxes recoverable |  |  | 508 |  |  |  | 1,716 |
Derivative instrument |  |  | - |  |  |  | 1,599 |
Investment in subsidiaries |  |  | 81,636 |  |  |  | 178,786 |
Intangible assets |  |  | 59 |  |  |  | 59 |
Total Assets |  |  | 89,864 |  |  |  | 187,067 |
Liabilities |  |  |  |  |  |  |  |
Accounts payable |  |  | 147 |  |  |  | 665 |
Accrued liabilities |  |  | 459 |  |  |  | 265 |
Due to related parties |  |  | 68,392 |  |  |  | 66,415 |
Deferred tax liability |  |  | 10,991 |  |  |  | 23,065 |
Total Liabilities |  |  | 79,989 |  |  |  | 90,410 |
Equity |  |  |  |  |  |  |  |
Share capital |  |  | 34,321 |  |  |  | 31,816 |
Additional paid-in capital |  |  | 21,235 |  |  |  | 17,679 |
Accumulated surplus (deficit) |  |  | (45,681 | ) |  |  | 46,314 |
Accumulated other comprehensive income |  |  | - |  |  |  | 848 |
Total Equity |  |  | 9,875 |  |  |  | 96,657 |
Total Liabilities and Equity |  | $ | 89,864 |  |  | $ | 187,067 |
The accompanying notes to the condensed financial statements are an integral part of these financial statements PARENT COMPANY INFORMATION TUCOWS INC SCHEDULE I - CONDENSED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) (Dollar amounts in thousands of U.S. dollars)
|  | For the year ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Income (loss) of equity method investments |  | $ | (97,150 | ) |  | $ | (25,348 | ) |  | $ | 8,486 |
Operating expenses |  |  | (8,192 | ) |  |  | (7,095 | ) |  |  | (7,059 | )
Interest income (expense) |  |  | 1,016 |  |  |  | 1,378 |  |  |  | (376 | )
Income tax recovery |  |  | 8,129 |  |  |  | 3,494 |  |  |  | 2,313 |
Net income (loss) |  |  | (96,197 | ) |  |  | (27,571 | ) |  |  | 3,364 |
Other comprehensive income (loss) - Parent Company |  |  | (848 | ) |  |  | 1,408 |  |  |  | - |
Other comprehensive income (loss) - Subsidiaries |  |  | 1,792 |  |  |  | (967 | ) |  |  | (1,993 | )
Comprehensive income (loss) |  | $ | (95,253 | ) |  | $ | (27,130 | ) |  | $ | 1,371 |
The accompanying notes to the condensed financial statements are an integral part of these financial statements PARENT COMPANY INFORMATION TUCOWS INC SCHEDULE I - CONDENSED STATEMENTS OF CASH FLOWS (Dollar amounts in thousands of U.S. dollars)
|  | For the year ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (96,197 | ) |  | $ | (27,571 | ) |  | $ | 3,364 |
Non-cash items affecting net income |  |  |  |  |  |  |  |  |  |  |  |
Excess tax benefits on stock-based compensation expense |  |  | - |  |  |  | (193 | ) |  |  | (1,554 | )
Stock-based compensation |  |  | 6,035 |  |  |  | 5,779 |  |  |  | 4,592 |
Deferred income taxes (recovery) |  |  | (11,804 | ) |  |  | (6,689 | ) |  |  | (1,251 | )
Amortization of discontinued cash flow hedge from Accumulated other income |  |  | (1,144 | ) |  |  | (761 | ) |  |  | - |
Loss (gain) on change in the fair value of forward contracts |  |  | 1,624 |  |  |  | 281 |  |  |  | - |
Equity in undistributed earnings of subsidiaries |  |  | 97,150 |  |  |  | 25,348 |  |  |  | (8,486 | )
Changes in non-cash balances related to operations |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  |  | 381 |  |  |  | (482 | ) |  |  | - |
Prepaid expenses and deposits |  |  | (82 | ) |  |  | (49 | ) |  |  | (191 | )
Income taxes recoverable |  |  | 1,208 |  |  |  | 532 |  |  |  | 108 |
Accounts payable |  |  | (492 | ) |  |  | 507 |  |  |  | 102 |
Accrued liabilities |  |  | 195 |  |  |  | 196 |  |  |  | 254 |
Customer deposits |  |  | - |  |  |  | (1 | ) |  |  | - |
Cash from operating activities |  |  | (3,126 | ) |  |  | (3,103 | ) |  |  | (3,062 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
Net proceeds received from (paid to) subsidiaries |  |  | 6,280 |  |  |  | 1,101 |  |  |  | (1,650 | )
Net Proceeds received on exercise of stock options |  |  | - |  |  |  | 1,096 |  |  |  | 4,431 |
Cash from financing activities |  |  | 6,280 |  |  |  | 2,197 |  |  |  | 2,781 |
Investing activities |  |  |  |  |  |  |  |  |  |  |  |
Investment in unrelated company |  |  | - |  |  |  | (2,012 | ) |  |  | - |
Acquisition of intangible assets |  |  | - |  |  |  | - |  |  |  | (59 | )
Cash from investing activities |  |  | - |  |  |  | (2,012 | ) |  |  | (59 | )
Increase (decrease) in cash and cash equivalents |  |  | 3,154 |  |  |  | (2,918 | ) |  |  | (340 | )
Cash and cash equivalents, beginning of period |  |  | 3,897 |  |  |  | 6,815 |  |  |  | 7,155 |
Cash and cash equivalents, end of year |  | $ | 7,051 |  |  | $ | 3,897 |  |  | $ | 6,815 |
The accompanying notes to the condensed financial statements are an integral part of these financial statements SCHEDULE I - NOTES TO THE CONDENSED FINANCIAL STATEMENTS NOTE 1. BASIS OF PRESENTATION Tucows Inc. (the “Parent Company”) is a holding company that conducts substantially all of its business operations through its subsidiaries. The Parent Company holds a direct 100% ownership interest in Tucows (Delware) Inc., which holds the Parent Company’s interest in Tucows.com Co (“Tucows.com Co”), eNom LLC ("eNom"), EPAG Domainservices GmbH (“EPAG”), Ascio Technologies, Corp (“Ascio”), Ting Inc. (“Ting Inc”), Wavelo, Inc. (“Wavelo”) and Ting Fiber, LLC (“Ting Fiber”). The Parent Company was incorporated under the laws of the Commonwealth of Pennsylvania in November 1992 under the name Infonautics, Inc. In August 2001, we completed our acquisition of Tucows Inc., a Delaware corporation, and we changed our name from Infonautics, Inc. to Tucows Inc. The Parent Company was established to allocate capital and manage internet and telecom infrastructure businesses. Through its operating subsidiaries, the Parent Company offers a broad range of services including fixed Internet access, billing and subscription management platform services for communication service providers and distribution of global internet services through the provision of domain name registrations, digital certificates and email services. As of December 31, 2023 the restricted net assets for Ting Fiber LLC totaled $89.3 million. The restrictions on these net assets primarily affect our ability to transfer funds from our subsidiaries without violating contractual agreements. The Company continuously evaluates the impact of these restrictions on our liquidity and capital resource planning. The Company operates within a consolidated tax group, comprising the Parent Company and its wholly-owned subsidiaries. Deferred taxes are not separately identified and recorded at the parent level. No dividends have been received from any of our subsidiaries in the past three years. NOTE 2. COMMITMENTS AND CONTINGENCIES The Parent Company and its subsidiaries, excluding Ting Fiber, LLC, have revolving credit facilities through third-party financial institutions. The total available amount on the credit facilities is $240 million, and as at December 31, 2023, $211.9 million was drawn on the credit facilities. The Parent Company had no other material commitments or contingencies during the reported periods. NOTE 3. SHARE CAPITAL The Company's authorized common share capital is 250 million shares of common stock without nominal or par value. As of December 31, 2023, and 2022, the number of outstanding shares of common stock was 10,903,405 and 10,817,110, respectively. The Parent Company issued 86,295, 40,459, and nil common stock during the twelve months ended December 31, 2023, December 31, 2022 and December 31, 2021, respectively related to stock based compensation. The Parent Company retired nil, 3,053 and 45,824 common stock during the twelve months ended December 31, 2023, December 31, 2022 and December 31, 2021, respectively related to stock options exercised.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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