Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2018 | May 11, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | TOWERSTREAM CORP | |
Entity Central Index Key | 1,349,437 | |
Trading Symbol | twer | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 394,399 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Current Assets | ||
Cash and cash equivalents | $ 5,317,120 | $ 7,568,982 |
Accounts receivable, net of reserves for uncollectible accounts of $100,717 and $95,884, respectively | 864,234 | 912,333 |
Prepaid expenses and other current assets | 347,513 | 242,320 |
Total Current Assets | 6,528,867 | 8,723,635 |
Property and equipment, net | 12,696,390 | 13,430,980 |
Intangible assets, net | 1,922,656 | 2,242,471 |
Goodwill | 1,674,281 | 1,674,281 |
Other assets | 429,378 | 386,047 |
Total Assets | 23,251,572 | 26,457,414 |
Current Liabilities | ||
Accounts payable | 253,026 | 1,150,861 |
Accrued expenses | 1,320,269 | 1,622,036 |
Accrued interest | 859,985 | 722,629 |
Deferred revenues | 1,083,262 | 934,450 |
Current maturities of capital lease obligations | 258,209 | 382,918 |
Current liabilities of discontinued operations | 1,011,526 | 1,029,022 |
Deferred rent | 90,837 | 78,048 |
Long-term debt (callable), net of debt discounts and deferred financing costs of $598,963 and $789,287, respectively | 34,401,795 | 33,868,700 |
Total Current Liabilities | 39,278,909 | 39,788,664 |
Long-Term Liabilities | ||
Capital lease obligations, net of current maturities | 364,478 | 305,947 |
Other | 736,494 | 754,203 |
Total Long-Term Liabilities | 1,100,972 | 1,060,150 |
Total Liabilities | 40,379,881 | 40,848,814 |
Commitments (Note 15) | ||
Stockholders' Deficit | ||
Common stock, par value $0.001; 200,000,000 shares authorized; 394,399 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively | 394 | 394 |
Additional paid-in-capital | 174,819,646 | 174,733,113 |
Accumulated deficit | (191,948,351) | (189,124,909) |
Total Stockholders' Deficit | (17,128,309) | (14,391,400) |
Total Liabilities and Stockholders' Deficit | 23,251,572 | 26,457,414 |
Series G Convertible Preferred Stock [Member] | ||
Stockholders' Deficit | ||
Preferred stock | 1 | 1 |
Series H Convertible Preferred Stock [Member] | ||
Stockholders' Deficit | ||
Preferred stock | $ 1 | $ 1 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Accounts receivable, reserves for uncollectable accounts | $ 100,717 | $ 95,884 |
Debt discount, current | $ 598,963 | $ 789,287 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, authorized (in shares) | 200,000,000 | 200,000,000 |
Common stock, issued (in shares) | 394,399 | 394,399 |
Common stock, outstanding (in shares) | 394,399 | 394,399 |
Series G Convertible Preferred Stock [Member] | ||
Preferred stock, shares issued (in shares) | 538 | 538 |
Preferred stock, shares outstanding (in shares) | 538 | 538 |
Preferred stock, liquidation value | $ 538,000 | $ 538,000 |
Series H Convertible Preferred Stock [Member] | ||
Preferred stock, shares issued (in shares) | 501 | 501 |
Preferred stock, shares outstanding (in shares) | 501 | 501 |
Preferred stock, liquidation value | $ 501,000 | $ 501,000 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Revenues | $ 6,441,802 | $ 6,572,317 |
Operating Expenses | ||
Infrastructure and access | 2,688,722 | 2,708,311 |
Depreciation and amortization | 1,703,597 | 2,433,501 |
Network operations | 1,065,250 | 1,200,907 |
Customer support | 474,816 | 367,682 |
Sales and marketing | 748,001 | 864,976 |
General and administrative | 1,167,760 | 1,537,728 |
Total Operating Expenses | 7,848,146 | 9,113,105 |
Operating Loss | (1,406,344) | (2,540,788) |
Other Expense | ||
Interest expense, net | (1,417,098) | (1,272,272) |
Total Other Expense | (1,417,098) | (1,272,272) |
Net Loss | $ (2,823,442) | $ (3,813,060) |
Net loss per common share – basic and diluted (in dollars per share) | $ (7.16) | $ (14.50) |
Weighted average common shares outstanding – basic and diluted (in shares) | 394,399 | 262,904 |
Condensed Consolidated Stateme5
Condensed Consolidated Statement of Stockholders' Deficit (Unaudited) - 3 months ended Mar. 31, 2018 - USD ($) | Preferred Stock [Member]Series G Convertible Preferred Stock [Member] | Preferred Stock [Member]Series H Convertible Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Dec. 31, 2017 | 538 | 501 | 394,399 | |||
Balance at Dec. 31, 2017 | $ 1 | $ 1 | $ 394 | $ 174,733,113 | $ (189,124,909) | $ (14,391,400) |
Stock-based compensation for options | 86,533 | 86,533 | ||||
Net loss | (2,823,442) | (2,823,442) | ||||
Balance (in shares) at Mar. 31, 2018 | 538 | 501 | 394,399 | |||
Balance at Mar. 31, 2018 | $ 1 | $ 1 | $ 394 | $ 174,819,646 | $ (191,948,351) | $ (17,128,309) |
Condensed Consolidated Stateme6
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Cash Flows From Operating Activities | ||
Net loss | $ (2,823,442) | $ (3,813,060) |
Adjustments to reconcile loss from continuing operations to net cash used in continuing operating activities: | ||
Provision for doubtful accounts | 35,000 | 7,000 |
Depreciation for property, plant and equipment | 1,383,782 | 2,015,617 |
Amortization for intangible assets | 319,815 | 417,884 |
Amortization for debt discount and deferred financing costs | 190,324 | 290,700 |
Interest added to principal | 342,771 | 321,813 |
Accrued interest | 137,356 | |
Stock-based compensation - Options | 86,533 | 352,281 |
Loss on the sale of property, plant and equipment | 42,152 | |
Stock-based compensation - Employee stock purchase plan | 54 | |
Deferred rent | (4,920) | (27,684) |
Changes in operating assets and liabilities: | ||
Accounts receivable | 13,099 | (114,890) |
Prepaid expenses and other current assets | (105,193) | 50,967 |
Other assets | (43,331) | (191) |
Accounts payable | (897,835) | (148,858) |
Accrued expenses | 24,974 | 383,748 |
Deferred revenues | 148,812 | (46,860) |
Total Adjustments | 1,673,339 | 3,501,581 |
Net Cash Used In Continuing Operating Activities | (1,150,103) | (311,479) |
Net Cash Used In Discontinued Operating Activities | (17,496) | (71,253) |
Net Cash Used In Operating Activities | (1,167,599) | (382,732) |
Cash Flows From Investing Activities | ||
Acquisitions of property and equipment | (915,354) | (556,530) |
Proceeds from the sale of property, plant and equipment | 15,000 | |
Change in security deposits | (10,533) | |
Net Cash Used In Investing Activities | (900,354) | (567,063) |
Cash Flows From Financing Activities | ||
Repayment of capital leases | (183,909) | (254,800) |
Issuance of common stock under employee stock purchase plan | 304 | |
Net Cash Used In Financing Activities | (183,909) | (254,496) |
Net Decrease In Cash and Cash Equivalents | ||
Continuing Operations | (2,234,366) | (1,133,038) |
Discontinued Operations | (17,496) | (71,253) |
Net Decrease In Cash and Cash Equivalents | (2,251,862) | (1,204,291) |
Cash and Cash Equivalents – Beginning | 7,568,982 | 12,272,444 |
Cash and Cash Equivalents – Ending | 5,317,120 | 11,068,153 |
Interest | 746,726 | 661,419 |
Income taxes | 669 | 730 |
Included in accrued expenses | 278,905 | 154,093 |
Included in capital leases | 117,731 | |
Interest added to principal | $ 342,771 | $ 321,813 |
Note 1 - Organization and Natur
Note 1 - Organization and Nature of Business | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | Note 1. Towerstream Corporation (referred to as “Towerstream” or the “Company”) was incorporated in Delaware in December 1999. first five In January 2013, fourth 2015, fourth 2015 first 2016 On March 9, 2016, three two sixty first 2016, not In March 2018, no not |
Note 2 - Liquidity, Going Conce
Note 2 - Liquidity, Going Concern, and Management Plans | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Liquidity and Management Plans [Text Block] | Note 2. , Going Concern and Management Plans The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of March 31, 2018, $5.3 $32.8 March 31, 2018, $191.9 one not The Company has monitored and reduced certain of its operating costs over the course of 2017 first 2018. no no may no |
Note 3 - Summary of Significant
Note 3 - Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | Note 3. Basis of Presentation. 10 10 X not March 31, 2018 three March 31, 2018 not These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in the Company’s Annual Report on Form 10 December 31, 2017. 10 December 31, 2017, 10 Retroactive Adjustment for Reverse Stock Split. September 29, 2017, one seventy-five Use of Estimates. Concentration of Credit Risk. may March 31, 2018, $5.1 $250,000. Intrinsic Value of Stock Options and Warrants Recent Accounting Pronouncements May 2014 , No. 2014 09 2014 09 ” 2014 19 one 606, 606” 606 606 January 1, 2018 13, Revenues Reclassifications. no Subsequent Events |
Note 4 - Discontinued Operation
Note 4 - Discontinued Operations | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Note 4. During the fourth 2015, fourth 2015 first 2016 March 9, 2016, three two one sixty $2,660,041 $3,837,783. The components of the balance sheet accounts presented as discontinued operations were as follows: March 31, 201 8 December 31, 201 7 Liabilities: Accrued expenses - leases $ 1,011,526 $ 1,029,022 Total Current Liabilities $ 1,011,526 $ 1,029,022 Accrued expenses represent the estimated cost of terminating the leases associated with the Hetnets business. Accordingly, disbursements associated with such activity during the period ended March 31, 2018 March 31, 2018 $17,496 $1,011,526. |
Note 5 - Property and Equipment
Note 5 - Property and Equipment, Net | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | Note 5. Property and equipment, net is comprised of: March 31, 201 8 December 31, 201 7 Network and base station equipment $ 43,954,530 $ 43,573,869 Customer premise equipment 35,628,144 34,996,202 Information technology 4,882,523 4,881,332 Furniture, fixtures and other 1,715,524 1,715,524 Leasehold improvements 1,516,039 1,651,300 Accrual – equipment received not invoiced 278,905 605,646 87,975,665 87,423,873 Less: accumulated depreciation 75,279,275 73,992,893 Property and equipment, net $ 12,696,390 $ 13,430,980 Depreciation expense for the three March 31, 2018 2017 $1,383,782 $2,015,617, Property acquired through capital leases included within the Company’s property and equipment consists of the following: March 31, 201 8 December 31, 201 7 Network and base station equipment $ 2,629,526 $ 2,629,526 Customer premise equipment 1,387,104 1,269,373 Information technology 1,860,028 1,860,028 5,876,658 5,758,927 Less: accumulated depreciation 4,811,407 4,708,697 Property acquired through capital leases, net $ 1,065,251 $ 1,050,230 |
Note 6 - Goodwill and Intangibl
Note 6 - Goodwill and Intangible Assets, Net | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | Note 6. Goodwill and Intangible Assets , Net Intangible assets, net consist of the following: March 31, 201 8 December 31, 201 7 Goodwill $ 1,674,281 $ 1,674,281 Backhaul agreement 3,837,783 3,837,783 Less: accumulated amortization 2,665,127 2,345,312 Backhaul agreement, net 1,172,656 1,492,471 FCC licenses 750,000 750,000 Intangible assets, net $ 1,922,656 $ 2,242,471 Amortization expense for the three March 31, 2018 2017 $319,815 $417,884, 4, three not Remainder of 2018 959,446 2019 213,210 Total $ 1,172,656 |
Note 7 - Accrued Expenses
Note 7 - Accrued Expenses | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Accrued Liabilities Disclosure [Text Block] | Note 7. Accrued expenses consist of the following: March 31, 201 8 December 31, 201 7 Payroll and related $ 564,017 $ 515,448 Professional services 163,680 318,979 Other 138,208 279,374 Property and equipment 278,905 320,043 Network 175,459 188,192 Total $ 1,320,269 $ 1,622,036 Network represents costs incurred to provide services to the Company’s customers including tower rentals, bandwidth, troubleshooting and gear removal. |
Note 8 - Other Long-term Liabil
Note 8 - Other Long-term Liabilities | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Other Liabilities Disclosure [Text Block] | Note 8. Long-Term Liabilities Other long-term liabilities consist of the following: March 31, 201 8 December 31, 201 7 Deferred rent $ 399,896 $ 417,605 Deferred taxes 336,598 336,598 Total $ 736,494 $ 754,203 |
Note 9 - Long-term Debt
Note 9 - Long-term Debt | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 9. Long-term debt (callable) consists of the following: March 31, 201 8 December 31, 201 7 Principal $ 35,000,758 $ 34,657,987 Unamortized debt discount (598,963 ) (789,287 ) Total $ 34,401,795 $ 33,868,700 In October 2014, $35,000,000 $33,950,000 3% This Note matures on October 16, 2019 360 a) A rate equal to the greater of: i) the sum of the one 7% 8% one 1.88% March 31, 2018. b) A rate of 4% This Note is secured by a first The Note contains representations and warranties by the Company and the Lender, certain indemnification provisions in favor of the Lender and customary covenants (including limitations on other debt, liens, acquisitions, investments and dividends), and events of default (including payment defaults, breaches of covenants, a material impairment in the Lender’s security interest or in the collateral, and events relating to bankruptcy or insolvency). The Note contains several restrictive covenants and the most significant of which requires the Company to maintain a minimum cash balance of $6,500,000 5% may Effective January 26, 2018, October 16, 2014 March 30, 2018 ( $6,500,000 “$6,500,000 $6,500,000 $4,000,000 February 28, 2018 6.1 December 31, 2017 March 30, 2018 April 15, 2018. March 31, 2018 December 31, 2017, April 15, 2018, second 16 Subsequent Events The Company has the option to prepay the Note in the minimum principal amount of $5,000,000 $1,000,000 not A discount of $6,406,970 a) $2,463,231 1,600 800 $1,890.00 $15.00 April 2022. b) $2,893,739 c) $1,050,000 3% On November 8, 2016 $5,000,000 $4,935,834 $64,166, 1,000 53,334 a) Wrote-off the portion of the unamortized debt discount and deferred financing costs associated with the exchanged principal and recorded a charge to interest expense of $331,609. b) Recorded a non-cash loss on extinguishment of debt charge of $500,000. $5,500,000 $5,000,000 The Company recorded interest expense of $1,210,697 $965,439 three March 31, 2018 2017, $867,926 $643,626 $342,771 $321,813 three March 31, 2018 2017, The Company recorded amortization expense of $190,324 $290,700 three March 31, 2018 2017, |
Note 10 - Stock Options and War
Note 10 - Stock Options and Warrants | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 1 0 . Stock Options and Warrants Stock Options Plans The Company uses the Black-Scholes option pricing model to value options issued to employees, directors and consultants. Compensation expense, including the estimated effect of forfeitures, is recognized over the period of service, generally the vesting period. Stock compensation expense and the weighted average assumptions used to calculate the fair values of stock options granted during the periods indicated were as follows: Three Months Ended March 31, 201 8 201 7 Risk-free interest rate - % 1.7 % Expected volatility - % 110 % Expected life (in years) - 4.2 Expected dividend yield - - Estimated forfeiture rates - % 20 % Weighted average per share grant date fair value $ - $ 9.84 Stock-based compensation $ 86,533 $ 352,281 The risk-free interest rate was based on rates established by the Federal Reserve. The expected volatility was based upon the historical volatility for the Company’s common stock. The Company utilized historical data to determine the expected life of stock options. The dividend yield reflected the fact that the Company has not not $141,635 March 31, 2018 1.6 Option transactions under the stock option plans during the three March 31, 2018 Number Weighted Average Exercise Price Outstanding as of January 1, 2018 76,601 $ 117.42 Granted during 2018 - - Cancelled /expired (163 ) 544.60 Outstanding as of March 31, 2018 76,438 $ 116.51 Exercisable as of March 31, 2018 50,055 $ 168.87 Cancellations for the three March 31, 2018 149 14 The weighted average remaining contractual life of the outstanding options as of March 31, 2018 8.7 There was no March 31, 2018. March 31, 2018 $3.50 Stock Warrants There were 2,400 March 31, 2018 December 31, 2017, $1,265.00. 4.1 There was no March 31, 2018. |
Note 11 - Employee Stock Purcha
Note 11 - Employee Stock Purchase Plan | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Employee Stock Purchase Plan Disclosure [Text Block] | Note 1 1 . Employee Stock Purchase Plan Under the Company’s 2010 15% 334 March 31, 2018. no three March 31, 2018. three March 31, 2017, 30 $358. $54 15% three March 31, 2017. |
Note 12 - Fair Value Measuremen
Note 12 - Fair Value Measurement | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 1 2 . Fair Value Measurement The FASB’s accounting standard for fair value measurements establishes a valuation hierarchy for disclosure of the inputs to valuation used to measure fair value. This hierarchy prioritizes the inputs into three 1 2 3 The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their fair value due to their short maturities. There were no three March 31, 2018. |
Note 13 - Revenues
Note 13 - Revenues | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | Note 13. In May 2014, 606, 606 606 January 1, 2018 March 31, 2018 $65,576 606. not 606 not 2017 Revenue Recognition Generally, the Company considers all revenues as arising from contracts with customers. Revenue is recognized based on the five ASC606: Step 1 Step 2 not Step 3 not Step 4 one Step 5 Disaggregation of Revenue We provide fixed wireless business internet service to companies ranging from small businesses to fortune 500 no one three Deferred Revenues Customers are billed monthly in advance. Deferred revenues are recognized for that portion of monthly charges not The Company also defers installation fees billed to the customer and commission costs associated with obtaining new contracts. The installation fees and commission costs are amortized over the average contract term of new contracts. As of March 31, 2018, $65,576 $105,550 |
Note 14 - Net Loss Per Common S
Note 14 - Net Loss Per Common Share | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 1 4 . Net Loss Per Common Share Basic and diluted net loss per share has been calculated by dividing net loss by the weighted average number of common shares outstanding during the period. The following common stock equivalents were excluded from the computation of diluted net loss per common share because they were anti-dilutive. The exercise or issuance of these common stock equivalents would dilute earnings per share if the Company becomes profitable in the future. Three Months Ended March 31, 201 8 201 7 Stock options 76,438 70,587 Warrants 2,400 2,400 Series D Convertible Preferred Stock - 41,100 Series F Convertible Preferred Stock - 56,200 Series G Convertible Preferred Stock 71,734 - Series H Convertible Preferred Stock 53,440 - Total 204,012 170,287 |
Note 15 - Commitments
Note 15 - Commitments | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Commitments Disclosure [Text Block] | Note 1 5 . Commitments Operating Lease Obligations The Company has entered into operating leases related to roof rights, cellular towers, office space, and equipment leases under various non-cancelable agreements expiring through June 2023. one fifteen not not March 31, 2018, Remainder of 2018 $ 6,326,739 2019 6,582,121 2020 4,297,526 2021 2,401,804 2022 1,172,735 Thereafter 462,033 Total $ 21,242,958 Rent expenses were as follows: Three Months Ended March 31, 201 8 201 7 Points of Presence $ 2,217,640 $ 2,106,103 Corporate offices 59,673 81,524 Other 2,37,290 97,256 Total $ 2,514,603 $ 2,284,883 Rent expenses related to Points of Presence were included in infrastructure and access in the Company’s condensed consolidated statements of operations. Rent expense related to our corporate offices was allocated between general and administrative, sales and marketing, customer support, and network operations expense in the Company’s condensed consolidated statements of operations. Other rent expenses were included in network operations within the Company’s condensed consolidated statements of operations. In October 2017, January 1, 2018 December 31, 2024 five December 31, 2024. $183,256 2018 2.5% $213,422 2024. Capital Lease Obligations The Company has entered into capital leases to acquire property and equipment expiring through August 2020. March 31, 2018, Total Capital lease obligation: Remainder of 2018 $ 235,122 2019 274,230 2020 186,102 Subtotal 695,454 Less: Interest Expense (72,767 ) Total $ 622,687 Total Capital lease obligation: Current $ 258,209 Long-term 364,478 Total $ 622,687 |
Note 16 - Subsequent Events
Note 16 - Subsequent Events | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 1 6 - Subsequent Events Effective April 15, 2018, second October 16, 2014 6.1 June 30, 2018 ( $6,500,000 June 30, 2018 $6,500,000 $3,000,000 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2018 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation. 10 10 X not March 31, 2018 three March 31, 2018 not These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in the Company’s Annual Report on Form 10 December 31, 2017. 10 December 31, 2017, 10 |
Stockholders' Equity, Policy [Policy Text Block] | Retroactive Adjustment for Reverse Stock Split. September 29, 2017, one seventy-five |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates. |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk. may March 31, 2018, $5.1 $250,000. |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Intrinsic Value of Stock Options and Warrants |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements May 2014 , No. 2014 09 2014 09 ” 2014 19 one 606, 606” 606 606 January 1, 2018 13, Revenues |
Reclassification, Policy [Policy Text Block] | Reclassifications. no |
Subsequent Events, Policy [Policy Text Block] | Subsequent Events |
Note 4 - Discontinued Operati24
Note 4 - Discontinued Operations (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Discontinued Operation, Schedule of Amounts Recognized in Balance Sheet [Table Text Block] | March 31, 201 8 December 31, 201 7 Liabilities: Accrued expenses - leases $ 1,011,526 $ 1,029,022 Total Current Liabilities $ 1,011,526 $ 1,029,022 |
Note 5 - Property and Equipme25
Note 5 - Property and Equipment, Net (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | March 31, 201 8 December 31, 201 7 Network and base station equipment $ 43,954,530 $ 43,573,869 Customer premise equipment 35,628,144 34,996,202 Information technology 4,882,523 4,881,332 Furniture, fixtures and other 1,715,524 1,715,524 Leasehold improvements 1,516,039 1,651,300 Accrual – equipment received not invoiced 278,905 605,646 87,975,665 87,423,873 Less: accumulated depreciation 75,279,275 73,992,893 Property and equipment, net $ 12,696,390 $ 13,430,980 |
Schedule of Capital Leased Assets [Table Text Block] | March 31, 201 8 December 31, 201 7 Network and base station equipment $ 2,629,526 $ 2,629,526 Customer premise equipment 1,387,104 1,269,373 Information technology 1,860,028 1,860,028 5,876,658 5,758,927 Less: accumulated depreciation 4,811,407 4,708,697 Property acquired through capital leases, net $ 1,065,251 $ 1,050,230 |
Note 6 - Goodwill and Intangi26
Note 6 - Goodwill and Intangible Assets, Net (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Intangible Assets and Goodwill [Table Text Block] | March 31, 201 8 December 31, 201 7 Goodwill $ 1,674,281 $ 1,674,281 Backhaul agreement 3,837,783 3,837,783 Less: accumulated amortization 2,665,127 2,345,312 Backhaul agreement, net 1,172,656 1,492,471 FCC licenses 750,000 750,000 Intangible assets, net $ 1,922,656 $ 2,242,471 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Remainder of 2018 959,446 2019 213,210 Total $ 1,172,656 |
Note 7 - Accrued Expenses (Tabl
Note 7 - Accrued Expenses (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | March 31, 201 8 December 31, 201 7 Payroll and related $ 564,017 $ 515,448 Professional services 163,680 318,979 Other 138,208 279,374 Property and equipment 278,905 320,043 Network 175,459 188,192 Total $ 1,320,269 $ 1,622,036 |
Note 8 - Other Long-term Liab28
Note 8 - Other Long-term Liabilities (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Other Liabilities [Table Text Block] | March 31, 201 8 December 31, 201 7 Deferred rent $ 399,896 $ 417,605 Deferred taxes 336,598 336,598 Total $ 736,494 $ 754,203 |
Note 9 - Long-term Debt (Tables
Note 9 - Long-term Debt (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | March 31, 201 8 December 31, 201 7 Principal $ 35,000,758 $ 34,657,987 Unamortized debt discount (598,963 ) (789,287 ) Total $ 34,401,795 $ 33,868,700 |
Note 10 - Stock Options and W30
Note 10 - Stock Options and Warrants (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Three Months Ended March 31, 201 8 201 7 Risk-free interest rate - % 1.7 % Expected volatility - % 110 % Expected life (in years) - 4.2 Expected dividend yield - - Estimated forfeiture rates - % 20 % Weighted average per share grant date fair value $ - $ 9.84 Stock-based compensation $ 86,533 $ 352,281 |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Number Weighted Average Exercise Price Outstanding as of January 1, 2018 76,601 $ 117.42 Granted during 2018 - - Cancelled /expired (163 ) 544.60 Outstanding as of March 31, 2018 76,438 $ 116.51 Exercisable as of March 31, 2018 50,055 $ 168.87 |
Note 14 - Net Loss Per Common31
Note 14 - Net Loss Per Common Share (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | Three Months Ended March 31, 201 8 201 7 Stock options 76,438 70,587 Warrants 2,400 2,400 Series D Convertible Preferred Stock - 41,100 Series F Convertible Preferred Stock - 56,200 Series G Convertible Preferred Stock 71,734 - Series H Convertible Preferred Stock 53,440 - Total 204,012 170,287 |
Note 15 - Commitments (Tables)
Note 15 - Commitments (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Remainder of 2018 $ 6,326,739 2019 6,582,121 2020 4,297,526 2021 2,401,804 2022 1,172,735 Thereafter 462,033 Total $ 21,242,958 |
Schedule of Rent Expense [Table Text Block] | Three Months Ended March 31, 201 8 201 7 Points of Presence $ 2,217,640 $ 2,106,103 Corporate offices 59,673 81,524 Other 2,37,290 97,256 Total $ 2,514,603 $ 2,284,883 |
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block] | Total Capital lease obligation: Remainder of 2018 $ 235,122 2019 274,230 2020 186,102 Subtotal 695,454 Less: Interest Expense (72,767 ) Total $ 622,687 Total Capital lease obligation: Current $ 258,209 Long-term 364,478 Total $ 622,687 |
Note 1 - Organization and Nat33
Note 1 - Organization and Nature of Business (Details Textual) - Shared Wireless Business [Member] | Mar. 09, 2016 |
Asset Purchase Agreement, Term | 3 years |
Asset Purchase Agreement, Renewal Term | 1 year |
Asset Purchase Agreement, Cancellation Notice | 60 days |
Asset Purchase Agreement, Number of One Year Renewals | 2 |
Note 2 - Liquidity, Going Con34
Note 2 - Liquidity, Going Concern, and Management Plans (Details Textual) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2017 | Dec. 31, 2016 |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | $ 5,317,120 | $ 7,568,982 | $ 11,068,153 | $ 12,272,444 |
Working Capital | 32,800,000 | |||
Retained Earnings (Accumulated Deficit), Ending Balance | $ (191,948,351) | $ (189,124,909) |
Note 3 - Summary of Significa35
Note 3 - Summary of Significant Accounting Policies (Details Textual) | Sep. 29, 2017 | Mar. 31, 2018USD ($) |
Cash, Uninsured Amount | $ 5,100,000 | |
Cash, FDIC Insured Amount | $ 250,000 | |
Reverse Stock Split [Member] | ||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 75 |
Note 4 - Discontinued Operati36
Note 4 - Discontinued Operations (Details Textual) | Mar. 09, 2016USD ($) | Mar. 31, 2018USD ($) |
Disposal Group, Including Discontinued Operation, Change to Accrued Liabilities, Current | $ 17,496 | |
Disposal Group, Including Discontinued Operation, Accrued Liabilities, Current | $ 1,011,526 | |
Shared Wireless Business [Member] | ||
Asset Purchase Agreement, Term | 3 years | |
Asset Purchase Agreement, Number of One Year Renewals | 2 | |
Asset Purchase Agreement, Cancellation Notice | 60 days | |
Disposal Group, Including Discontinued Operation, Assets, Total | $ 2,660,041 | |
Disposal Group, Including Discontinued Operation, Consideration | $ 3,837,783 | |
Asset Purchase Agreement, Renewal Term | 1 year |
Note 4 - Discontinued Operati37
Note 4 - Discontinued Operations - Components of Balance Sheet Accounts (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Liabilities: | ||
Disposal Group, Including Discontinued Operation, Accrued Liabilities, Current | $ 1,011,526 | |
Total Current Liabilities | 1,011,526 | $ 1,029,022 |
Network [Member] | ||
Liabilities: | ||
Disposal Group, Including Discontinued Operation, Accrued Liabilities, Current | $ 1,011,526 | $ 1,029,022 |
Note 5 - Property and Equipme38
Note 5 - Property and Equipment, Net (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Depreciation, Total | $ 1,383,782 | $ 2,015,617 |
Note 5 - Property and Equipme39
Note 5 - Property and Equipment, Net - Property and Equipment (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Property, Plant, and Equipment, Gross | $ 87,975,665 | $ 87,423,873 |
Less: accumulated depreciation | 75,279,275 | 73,992,893 |
Property and equipment, net | 12,696,390 | 13,430,980 |
Network and Base Station Equipment [Member] | ||
Property, Plant, and Equipment, Gross | 43,954,530 | 43,573,869 |
Customer Premise Equipment [Member] | ||
Property, Plant, and Equipment, Gross | 35,628,144 | 34,996,202 |
Information Technology [Member] | ||
Property, Plant, and Equipment, Gross | 4,882,523 | 4,881,332 |
Furniture and Fixtures [Member] | ||
Property, Plant, and Equipment, Gross | 1,715,524 | 1,715,524 |
Leasehold Improvements [Member] | ||
Property, Plant, and Equipment, Gross | 1,516,039 | 1,651,300 |
Equipment Received but Not Invoiced [Member] | ||
Property, Plant, and Equipment, Gross | $ 278,905 | $ 605,646 |
Note 5 - Property and Equipme40
Note 5 - Property and Equipment, Net - Property Acquired Through Capital Leases (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Capital Leased Assets, Gross | $ 5,876,658 | $ 5,758,927 |
Less: accumulated depreciation | 4,811,407 | 4,708,697 |
Property acquired through capital leases, net | 1,065,251 | 1,050,230 |
Network and Base Station Equipment [Member] | ||
Capital Leased Assets, Gross | 2,629,526 | 2,629,526 |
Customer Premise Equipment [Member] | ||
Capital Leased Assets, Gross | 1,387,104 | 1,269,373 |
Information Technology [Member] | ||
Capital Leased Assets, Gross | $ 1,860,028 | $ 1,860,028 |
Note 6 - Goodwill and Intangi41
Note 6 - Goodwill and Intangible Assets, Net (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Amortization of Intangible Assets, Total | $ 319,815 | $ 417,884 |
Time Warner Cable [Member] | Backhaul Agreement [Member] | ||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 3 years |
Note 6 - Goodwill and Intangi42
Note 6 - Goodwill and Intangible Assets, Net - Intangible Assets and Goodwill (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Goodwill | $ 1,674,281 | $ 1,674,281 |
Backhaul agreement, net | 1,172,656 | |
FCC licenses | 750,000 | 750,000 |
Intangible assets, net | 1,922,656 | 2,242,471 |
Backhaul Agreement [Member] | ||
Backhaul agreement | 3,837,783 | 3,837,783 |
Backhaul agreement, net | 1,172,656 | 1,492,471 |
Customer Relationships [Member] | ||
Less: accumulated amortization | $ 2,665,127 | $ 2,345,312 |
Note 6 - Goodwill and Intangi43
Note 6 - Goodwill and Intangible Assets, Net - Future Amortization Expense (Details) | Mar. 31, 2018USD ($) |
Remainder of 2018 | $ 959,446 |
2,019 | 213,210 |
Total | $ 1,172,656 |
Note 7 - Accrued Expenses - Acc
Note 7 - Accrued Expenses - Accrued Expenses (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Accrued Liabilities, Current | $ 1,320,269 | $ 1,622,036 |
Payroll and Related [Member] | ||
Accrued Liabilities, Current | 564,017 | 515,448 |
Professional Services [Member] | ||
Accrued Liabilities, Current | 163,680 | 318,979 |
Other Accrued Liabilities [Member] | ||
Accrued Liabilities, Current | 138,208 | 279,374 |
Property and Equipment [Member] | ||
Accrued Liabilities, Current | 278,905 | 320,043 |
Network [Member] | ||
Accrued Liabilities, Current | $ 175,459 | $ 188,192 |
Note 8 - Other Long-term Liab45
Note 8 - Other Long-term Liabilities - Other Liabilities, Current and Noncurrent (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Deferred rent | $ 399,896 | $ 417,605 |
Deferred taxes | 336,598 | 336,598 |
Total | $ 736,494 | $ 754,203 |
Note 9 - Long-term Debt (Detail
Note 9 - Long-term Debt (Details Textual) - USD ($) | Jan. 26, 2018 | Nov. 08, 2016 | Oct. 31, 2014 | Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2017 |
Debt Instrument, Unamortized Discount, Total | $ 598,963 | $ 789,287 | ||||
Amortization of Debt Issuance Costs and Discounts, Total | 190,324 | $ 290,700 | ||||
Melody Business Finance LLC [Member] | ||||||
Debt Conversion, Original Debt, Amount | $ 5,000,000 | |||||
Melody Business Finance LLC [Member] | Series D Convertible Preferred Stock [Member] | ||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 53,334 | |||||
Debt Conversion, Converted Instrument, Shares Issued | 1,000 | |||||
Towerstream Investor [Member] | Melody Business Finance LLC [Member] | ||||||
Proceeds from Collection of Notes Receivable | $ 5,500,000 | |||||
Melody Business Finance LLC [Member] | Secured Debt [Member] | ||||||
Debt Instrument, Face Amount | $ 35,000,000 | |||||
Proceeds from Issuance of Long-term Debt, Total | $ 33,950,000 | |||||
Debt Instrument, Original Issue Discount Rate | 3.00% | |||||
Paid In Kind Interest Stated Rate | 4.00% | |||||
Debt Covenant, Cash and Cash Equivalents, Minimum Balance | $ 6,500,000 | |||||
Debt Instrument Additional Interes Rate In The Event Of Default | 5.00% | |||||
Debt Covenant, Deposit and Securities Accounts, Minimum Balance, Waived | $ 6,500,000 | |||||
Debt Covenant, Deposit and Securities Accounts, Minimum Balance, Termination of Forbearance Period | $ 4,000,000 | |||||
Debt Instrument Prepayment Minimum Principal Amount | $ 5,000,000 | |||||
Debt Instrument, Prepayment, Integral Amounts Beyond the Minimum Principal Amount | 1,000,000 | |||||
Debt Instrument, Unamortized Discount, Total | 6,406,970 | |||||
Warrants and Rights Outstanding | 2,463,231 | |||||
Debt Issuance Costs, Gross | 2,893,739 | |||||
Debt Instrument, Original Issue Discount | $ 1,050,000 | |||||
Debt Conversion, Original Debt, Amount | 5,000,000 | |||||
Debt Conversion, Original Debt, Amount, Principal Portion | 4,935,834 | |||||
Debt Conversion, Original Debt, Amount, Interest Portion | 64,166 | |||||
Interest Expense, Write-off of Unamortized Debt Discount | 331,609 | |||||
Gain (Loss) on Extinguishment of Debt, Total | $ (500,000) | |||||
Interest Expense, Total | 1,210,697 | 965,439 | ||||
Interest Paid, Including Capitalized Interest, Operating and Investing Activities, Total | 867,926 | 643,626 | ||||
Notes Assumed | 342,771 | 321,813 | ||||
Amortization of Debt Issuance Costs and Discounts, Total | $ 190,324 | $ 290,700 | ||||
Melody Business Finance LLC [Member] | Secured Debt [Member] | Warrant One [Member] | ||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 1,600 | |||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 1,890 | |||||
Melody Business Finance LLC [Member] | Secured Debt [Member] | Warrant Two [Member] | ||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 800 | |||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 15 | |||||
Melody Business Finance LLC [Member] | Secured Debt [Member] | If Rate Is Greater Than LIBOR Rate [Member] | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | |||||
Melody Business Finance LLC [Member] | Secured Debt [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 7.00% | |||||
Debt Instrument, Reference Rate | 1.88% |
Note 9 - Long-term Debt - Summa
Note 9 - Long-term Debt - Summary of Long-term Debt (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Principal | $ 35,000,758 | $ 34,657,987 |
Unamortized debt discount | (598,963) | (789,287) |
Total | $ 34,401,795 | $ 33,868,700 |
Note 10 - Stock Options and W48
Note 10 - Stock Options and Warrants (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Dec. 31, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period | 149 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period | 14 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term | 8 years 255 days | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 0 | |
Share Price | $ 3.50 | |
Class of Warrant or Right, Outstanding | 2,400 | 2,400 |
Class Of Warrant Or Right, Outstanding, Weighted Average Exercise Price | $ 1,265 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms | 4 years 36 days | |
Warrant [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding | $ 0 | |
Employee Stock Option [Member] | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total | $ 141,635 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year 219 days |
Note 10 - Stock Options and W49
Note 10 - Stock Options and Warrants - Black-Scholes Option Pricing Model Assumptions (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Risk-free interest rate | 1.70% | |
Expected volatility | 110.00% | |
Expected life (in years) (Year) | 4 years 73 days | |
Expected dividend yield | ||
Estimated forfeiture rates | 20.00% | |
Weighted average per share grant date fair value (in dollars per share) | $ 9.84 | |
Stock-based compensation | $ 86,533 | $ 352,281 |
Note 10 - Stock Options and W50
Note 10 - Stock Options and Warrants - Option Transactions Under the Stock Option Plans (Details) | 3 Months Ended |
Mar. 31, 2018$ / sharesshares | |
Outstanding (in shares) | shares | 76,601 |
Outstanding, weighted average exercise price (in dollars per share) | $ / shares | $ 117.42 |
Granted (in shares) | shares | |
Granted, weighted average exercise price (in dollars per share) | $ / shares | |
Cancelled /expired (in shares) | shares | (163) |
Cancelled /expired (in dollars per share) | $ / shares | $ 544.60 |
Outstanding (in shares) | shares | 76,438 |
Outstanding, weighted average exercise price (in dollars per share) | $ / shares | $ 116.51 |
Exercisable (in shares) | shares | 50,055 |
Exercisable, weighted average exercise price (in dollars per share) | $ / shares | $ 168.87 |
Note 11 - Employee Stock Purc51
Note 11 - Employee Stock Purchase Plan (Details Textual) - 2010 Employee Stock Purchase Plan [Member] - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Percentage Of Discount Allowed For Shares Issued Under Employee Stock Purchase Plan | 15.00% | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 334 | |
Stock Issued During Period, Shares, Employee Stock Purchase Plans | 30 | |
Stock Issued During Period, Value, Employee Stock Purchase Plan | $ 358 | |
Defined Contribution Plan, Cost | $ 54 |
Note 13 - Revenues (Details Tex
Note 13 - Revenues (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Revenue from Contract with Customer, Including Assessed Tax | $ 6,441,802 | $ 6,572,317 |
Deferred Revenue, Current [Member] | ||
Deferred Installation Fees | 65,576 | |
Other Current Assets [Member] | ||
Deferred Commission Costs | 105,550 | |
Accounting Standards Update 2014-09 [Member] | ||
Revenue from Contract with Customer, Including Assessed Tax | $ (65,576) |
Note 14 - Net Loss Per Common53
Note 14 - Net Loss Per Common Share - Antidilutive Shares Excluded From Computation of EPS (Details) - shares | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares) | 204,012 | 170,287 |
Employee Stock Option [Member] | ||
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares) | 76,438 | 70,587 |
Warrant [Member] | ||
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares) | 2,400 | 2,400 |
Series D Convertible Preferred Stock [Member] | ||
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares) | 41,100 | |
Series F Convertible Preferred Stock [Member] | ||
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares) | 56,200 | |
Series G Convertible Preferred Stock [Member] | ||
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares) | 71,734 | |
Series H Convertible Preferred Stock [Member] | ||
Antidilutive Securities Excluded From Computation of Earnings Per Share, Amount (in shares) | 53,440 |
Note 15 - Commitments (Details
Note 15 - Commitments (Details Textual) - USD ($) | 1 Months Ended | |
Oct. 31, 2017 | Mar. 31, 2018 | |
Corporate Offices [Member] | ||
Lessee, Operating Lease, Renewal Term | 5 years | |
Operating Lease, Annual Rent | $ 183,256 | |
Annual Increase in Operating Lease Rent Expense | 2.50% | |
Minimum [Member] | ||
Lessee, Operating Lease, Renewal Term | 1 year | |
Maximum [Member] | ||
Lessee, Operating Lease, Renewal Term | 15 years | |
Maximum [Member] | Corporate Offices [Member] | ||
Operating Lease, Annual Rent | $ 213,422 |
Note 15 - Commitments - Total F
Note 15 - Commitments - Total Future Operating Lease Obligations (Details) | Mar. 31, 2018USD ($) |
Remainder of 2018 | $ 6,326,739 |
2,019 | 6,582,121 |
2,020 | 4,297,526 |
2,021 | 2,401,804 |
2,022 | 1,172,735 |
Thereafter | 462,033 |
Total | $ 21,242,958 |
Note 15 - Commitments - Rent Ex
Note 15 - Commitments - Rent Expenses (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Lease and Rental Expense | $ 2,514,603 | $ 2,284,883 |
Points of Presence [Member] | ||
Lease and Rental Expense | 2,217,640 | 2,106,103 |
Corporate Offices [Member] | ||
Lease and Rental Expense | 59,673 | 81,524 |
Other Leased Property [Member] | ||
Lease and Rental Expense | $ 237,290 | $ 97,256 |
Note 15 - Commitments - Total57
Note 15 - Commitments - Total Future Capital Lease Obligations (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Remainder of 2018 | $ 235,122 | |
2,019 | 274,230 | |
2,020 | 186,102 | |
Subtotal | 695,454 | |
Less: Interest Expense | (72,767) | |
Total | 622,687 | |
Current | 258,209 | $ 382,918 |
Long-term | 364,478 | $ 305,947 |
Total | $ 622,687 |
Note 16 - Subsequent Events (De
Note 16 - Subsequent Events (Details Textual) - Melody Business Finance LLC [Member] - Secured Debt [Member] - USD ($) | Apr. 15, 2018 | Jan. 26, 2018 |
Debt Covenant, Deposit and Securities Accounts, Minimum Balance, Waived | $ 6,500,000 | |
Debt Covenant, Deposit and Securities Accounts, Minimum Balance, Termination of Forbearance Period | $ 4,000,000 | |
Subsequent Event [Member] | ||
Debt Covenant, Deposit and Securities Accounts, Minimum Balance, Waived | $ 6,500,000 | |
Debt Covenant, Deposit and Securities Accounts, Minimum Balance, Termination of Forbearance Period | $ 3,000,000 |