Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | May 20, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | ACCELERIZE INC. | |
Entity Central Index Key | 0001352952 | |
Trading Symbol | aclz | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 66,179,709 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
ASSETS | ||
Cash | $ 544,346 | $ 27,295 |
Restricted cash | 50,000 | 50,000 |
Accounts receivable, net of allowance for bad debt of $281,688 and $245,736, respectively | 2,232,745 | 2,081,551 |
Prepaid expenses and other assets | 165,658 | 254,760 |
Total current assets | 2,992,749 | 2,413,606 |
Property and equipment, net of accumulated depreciation of $787,718 and $783,275, respectively | 42,130 | 52,035 |
Operating lease right-of-use asset | 1,503,669 | |
Other assets | 109,766 | 108,211 |
Total assets | 4,648,314 | 2,573,852 |
LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
Accounts payable and accrued expenses | 4,112,359 | 3,018,394 |
Deferred revenues | 239,029 | 443,650 |
Credit facility, short term | 2,902,259 | 3,399,240 |
Operating lease liability, short-term | 296,461 | |
Total current liabilities | 7,550,108 | 6,861,284 |
Credit facility, net of unamortized deferred financing cost of $1,441,763 and $1,522,740, respectively | 6,668,493 | 5,888,155 |
Other loan, related party net of unamortized deferred financing cost of $146,420 and $163,314, respectively | 403,580 | 386,686 |
Other long-term loan, net of unamortized deferred financing cost of $608,991 and $676,598, respectively | 2,341,009 | 2,273,402 |
Operating lease liability, long-term | 1,362,750 | |
Other liabilities | 531,250 | 637,500 |
Total liabilities | 18,857,190 | 16,047,027 |
Stockholders' Deficit: | ||
Common stock; $0.001 par value; 500,000,000 shares authorized; 66,179,709 and 66,179,709 shares issued and outstanding, respectively | 66,179 | 66,179 |
Additional paid-in capital | 29,773,130 | 29,498,125 |
Accumulated deficit | (43,973,761) | (42,960,124) |
Accumulated other comprehensive loss | (74,424) | (77,355) |
Total stockholders’ deficit | (14,208,876) | (13,473,175) |
Total liabilities and stockholders’ deficit | 4,648,314 | 2,573,852 |
Series A Preferred Stock [Member] | ||
Stockholders' Deficit: | ||
Preferred stock | ||
Series B Preferred Stock [Member] | ||
Stockholders' Deficit: | ||
Preferred stock |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Accounts receivable, allowance for bad debt | $ 281,688 | $ 245,736 |
Property and equipment, accumulated depreciation | 787,718 | 783,275 |
Deferred financing cost, credit facility | 1,441,761 | 1,522,740 |
Deferred financing cost, noncurrent, related party | 146,420 | 163,314 |
Deferred financing cost, noncurrent | $ 608,991 | $ 676,598 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 500,000,000 | 500,000,000 |
Common stock, shares issued (in shares) | 66,179,709 | 66,179,709 |
Common stock, shares outstanding (in shares) | 66,179,709 | 66,179,709 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 54,000 | 54,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Series B Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 1,946,000 | 1,946,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Unaudited Condensed Consolidate
Unaudited Condensed Consolidated Statements of Operations - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Revenues: | $ 4,825,822 | $ 5,992,748 |
Cost of revenue | 1,829,373 | 2,353,860 |
Gross profit | 2,996,449 | 3,638,888 |
Operating expenses: | ||
Research and development | 779,248 | 1,122,623 |
Sales and marketing | 856,439 | 1,170,484 |
General and administrative | 1,649,282 | 1,999,886 |
Total operating expenses | 3,284,969 | 4,292,993 |
Operating loss | (288,520) | (654,105) |
Other income (expense): | ||
Other income | 56 | 761 |
Other expense | (725,173) | (603,115) |
Total other expenses | (725,117) | (602,354) |
Net loss | $ (1,013,637) | $ (1,256,459) |
Net loss per share: | ||
Basic (in dollars per share) | $ (0.02) | $ (0.02) |
Diluted (in dollars per share) | $ (0.02) | $ (0.02) |
Basic weighted average common shares outstanding (in shares) | 66,179,709 | 65,939,709 |
Diluted weighted average common shares outstanding (in shares) | 66,179,709 | 65,939,709 |
Unaudited Condensed Consolida_2
Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Net loss | $ (1,013,637) | $ (1,256,459) |
Foreign currency translation loss | 2,931 | 17,630 |
Total other comprehensive loss | 2,931 | 17,630 |
Comprehensive loss | $ (1,010,706) | $ (1,238,829) |
Unaudited Condensed Consolida_3
Unaudited Condensed Consolidated Statements of Changes in Stockholders' Deficit - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Beginning balance (in shares) at Dec. 31, 2017 | 65,939,709 | ||||
Beginning balance at Dec. 31, 2017 | $ 65,938 | $ 26,301,747 | $ (31,542,684) | $ (41,540) | $ (5,216,538) |
Fair value of options and restricted stock awards | 38,303 | 38,303 | |||
Fair value of warrants | 61,050 | 61,050 | |||
Fair value of warrants issued in connection with promissory notes | 1,156,695 | 1,156,695 | |||
Net loss | (1,256,459) | (1,256,459) | |||
Foreign currency translation | 17,630 | 17,630 | |||
Balance, March 31, 2018 (in shares) at Mar. 31, 2018 | 65,939,709 | ||||
Balance, March 31, 2018 at Mar. 31, 2018 | $ 65,938 | 27,557,795 | (32,799,143) | (23,910) | (5,199,320) |
Fair value of warrants issued in connection with loan | 1,156,695 | 1,156,695 | |||
Fair value of warrants repricing adjustment | |||||
Beginning balance (in shares) at Dec. 31, 2018 | 66,179,709 | ||||
Beginning balance at Dec. 31, 2018 | $ 66,179 | 29,498,125 | (42,960,124) | (77,355) | (13,473,175) |
Fair value of options and restricted stock awards | 36,578 | 36,578 | |||
Fair value of warrants | 89,119 | 89,119 | |||
Fair value of warrants issued in connection with promissory notes | 44,670 | 44,670 | |||
Net loss | (1,013,637) | (1,013,637) | |||
Foreign currency translation | 2,931 | 2,931 | |||
Balance, March 31, 2018 (in shares) at Mar. 31, 2019 | 66,179,709 | ||||
Balance, March 31, 2018 at Mar. 31, 2019 | $ 66,179 | 29,773,130 | (43,973,761) | (74,424) | (14,208,876) |
Fair value of warrants issued in connection with loan | 44,670 | 44,670 | |||
Fair value of warrants repricing adjustment | $ 104,638 | $ 104,638 |
Unaudited Condensed Consolida_4
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Cash flows from operating activities: | ||
Net loss | $ (1,013,637) | $ (1,256,459) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
Depreciation and amortization | 10,367 | 119,059 |
Amortization of deferred financing cost | 314,787 | 202,898 |
Provision for bad debt | 35,952 | (235,441) |
Fair value of options and warrants | 125,696 | 99,352 |
Changes in operating assets and liabilities: | ||
Accounts receivable | (187,146) | 71,925 |
Prepaid expenses | 89,102 | 32,894 |
Accounts payable and accrued expenses | 1,049,631 | (308,112) |
Deferred revenues | (204,621) | 176,894 |
Other liabilities | 155,542 | |
Other assets | (1,533) | (2,783) |
Net cash provided by (used in) operating activities | 374,140 | (1,099,773) |
Cash flows from investing activities: | ||
Capitalized software for internal use | (375,000) | |
Capital expenditures | (13,402) | |
Net cash used in investing activities | (388,402) | |
Cash flows from financing activities: | ||
Principal repayment of credit facility and loan | (360,000) | (662,058) |
Proceeds from credit facility | 499,980 | 3,771,600 |
Repayments of promissory notes | (1,000,000) | |
Net cash provided by financing activities | 139,980 | 2,109,542 |
Effect of exchange rate changes on cash | 2,931 | 17,630 |
Net increase in cash, cash equivalents and restricted cash | 517,051 | 638,997 |
Cash and cash equivalents and restricted cash | 77,295 | 216,883 |
Cash and cash equivalents and restricted cash | 594,346 | 855,880 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 407,074 | 373,257 |
Cash paid for income taxes | 0 | 0 |
Non-cash investing and financing activities: | ||
Fair value of warrants issued in connection with credit facility | 44,670 | 1,156,695 |
Recorded lease right-of-use asset and related lease liability | 155,542 | |
Accrued interest reclassed to credit facility | 62,379 | |
Capital expenditure included in payables | 6,622 | |
Accrued payables and short-term loan directly paid off by credit facility | 623,399 | |
Prepaid expenses reclassed to deferred financing cost | 70,000 | |
Warrant repricing adjustment | 104,638 | |
Cash and cash equivalents at beginning of period | 27,295 | 166,883 |
Restricted cash at beginning of period | 50,000 | 50,000 |
Cash and cash equivalents and restricted cash | 77,295 | 216,883 |
Cash and cash equivalents at end of period | 544,346 | 805,880 |
Restricted cash at end of period | 50,000 | 50,000 |
Cash and cash equivalents and restricted cash | $ 594,346 | $ 855,880 |
Note 1 - Organization, Descript
Note 1 - Organization, Description of Business, and Basis of Presentation | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | NOTE 1: Accelerize Inc., a Delaware corporation, incorporated on November 22, 2005, The Company provides software solutions for businesses interested in expanding their online advertising spend. These unaudited condensed consolidated financial statements reflect all adjustments including normal recurring adjustments, which, in the opinion of management, are necessary to present fairly the financial position, results of operations, and cash flows for the periods presented in accordance with accounting principles generally accepted in the United States of America, or GAAP. These unaudited condensed consolidated financial statements and notes included herein should be read in conjunction with the Company’s consolidated financial statements and notes thereto for the years ended December 31, 2018 2017, December 31, 2018 10 April 16, 2019. may three March 31, 2019 not December 31, 2019. Going Concern The accompanying consolidated financial statements have been prepared on a going concern basis which implies the Company will continue to meet its obligations for the next 12 The Company had a working capital deficit of $4,557,359 $43,973,761 March 31, 2019. $1,013,637 $374,140 three March 31, 2019. Management’s plan to continue as a going concern includes raising capital in the form of debt or equity, increased gross profit from revenue growth and managing and reducing operating and overhead costs. During the second 2018, May 15, 2019, 10, twelve not These matters, among others, raise substantial doubt about the ability of the Company to continue as a going concern. These financial statements do not may Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the results of operations of Cake Marketing UK Ltd., or the Subsidiary. All material intercompany accounts and transactions between the Company and its Subsidiary have been eliminated in consolidation. |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 2: Use of Estimates The preparation of unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reporting amounts of revenues and expenses during the reported period. Actual results will differ from those estimates. Included in these estimates are assumptions about collection of accounts receivable, useful life of fixed assets, borrowing rate considered for operating lease right-of-use asset and related operating lease liability, and assumptions used in Black-Scholes-Merton, or BSM, valuation methods, such as expected volatility, risk-free interest rate, and expected dividend rate. Cash and Cash Equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three $50,000 March 31, 2019 December 31, 2018. Accounts Receivable The Company’s accounts receivable are due primarily from advertisers and marketers. Collateral is currently not may March 31, 2019 December 31, 2018 Allowance for doubtful accounts $ 281,688 $ 245,736 Concentration of Credit Risks The Company is subject to concentrations of credit risk primarily from cash and cash equivalents and accounts receivable. The Company’s cash and cash equivalents accounts are held at a financial institution and are insured by the Federal Deposit Insurance Corporation, or the FDIC, up to $250,000. three March 31, 2019, The Company's accounts receivable are due from customers, generally located in the United States, Europe, Asia, and Canada. The Company had a customer who accounted for 17% March 31, 2019 none December 31, 2018. not Revenue Recognition The Company recognizes revenue in accordance with ASC 606, five 1 2 3 4 5 The Company accounts for revenues when both parties to the contract have approved the contract, the rights and obligations of the parties are identified, payment terms are identified, and collectability of consideration is probable. Payment terms vary by client and the services offered. The Company’s SaaS revenues are generated from implementation and training fees and a monthly license fee, supplemented by per transaction fees paid by customers for monthly platform usage. The initial term of the customer contract is generally one one two may 30 not third third third not Product Concentration The Company generates its revenues from software licensing, usage, and related transaction fees. Fair Value of Financial Instruments The Company accounts for assets and liabilities measured at fair value on a recurring basis in accordance with ASC Topic 820, 820. 820 ASC 820 820 Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs for which there is little or no Additional Disclosures Regarding Fair Value Measurements The carrying value of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, and lines of credit approximate their fair value due to the short-term maturity of these items. Advertising The Company expenses advertising costs as incurred. Three-month periods ended March 31, 2019 2018 Advertising expense $ 98,967 $ 133,548 Income Taxes Income taxes are accounted for in accordance with the provisions of ASC Topic 740, no Foreign Currency Translation The Company’s reporting currency is U.S. Dollars. The functional currency of the Company’s Subsidiary in the United Kingdom is British Pounds. The translation from British Pounds to U.S. dollars is performed for asset and liability accounts using exchange rates in effect at the balance sheet date, equity accounts using historical exchange rates or rates in effect at the balance sheet date, and for revenue and expense accounts using the average exchange rate in effect during the period. The resulting translation adjustments are recorded as a component of Accumulated Other Comprehensive Income (Loss). Foreign currency translation gains and losses arising from exchange rate fluctuation on transactions denominated in a currency other than the functional currency are included in the consolidated statements of operations. Software Development Costs At December 31, 2018, $4,725,000 not 2019. December 31, 2018 1 2 $375,000 three March 31, 2018. $4,196,000 March 31, 2018. $105,000 three March 31, 2018 no three March 31, 2019. Share-Based Payment The Company accounts for stock-based compensation in accordance with ASC Topic 718, 718. The Company has elected to use the BSM option-pricing model to estimate the fair value of its options, which incorporates various subjective assumptions including volatility, risk-free interest rate, expected life, and dividend yield to calculate the fair value of stock option awards. Compensation expense recognized in the statements of operations is based on awards ultimately expected to vest and reflects estimated forfeitures. ASC 718 In June 2018, 2018 07, Compensation - Stock Compensation (Topic 718 718 505 50, Equity - Equity-Based Payments to Non-Employees 2018 07, no Common stock awards The Company has granted common stock awards to non-employees in exchange for services provided. The Company measures the fair value of these awards using the fair value of the services provided or the fair value of the awards granted, whichever is more reliably measurable. The fair value measurement date of these awards is generally the date the performance of services is complete. The fair value of the awards is recognized on a straight-line basis as services are rendered. The share-based payments related to common stock awards for the settlement of services provided by non-employees is recorded on the consolidated statement of comprehensive loss in the same manner and charged to the same account as if such settlements had been made in cash. Warrants In connection with certain financing, consulting and collaboration arrangements, the Company has issued warrants to purchase shares of its common stock. The outstanding warrants are standalone instruments that are not not 6, Segment Reporting The Company generated revenues from one three March 31, 2019 2018. Recent Accounting Pronouncements In February 2016, 2016 02, 842 December 15, 2018 12 one two January 1, 2019 In January 2017, 2017 04, 350 2017 04 December 15, 2019. January 1, 2017. no In January 2016, No. 2016 01, Financial Instruments — Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. first 2019. no In November 2016, No. 2016 18, Statement of Cash Flows (Topic 230 ): Restricted Cash December 15, 2017. January 1, 2018, no In May 2017, 2017 09, Compensation - Stock Compensation (Topic 718 : Scope of Modification Accounting 2016 09 718. December 15, 2017. January 1, 2018 no In June 2018, 2018 07, Compensation - Stock Compensation (Topic 718 718 505 50, Equity - Equity-Based Payments to Non-Employees 2018 07, no Other accounting pronouncements have been issued but deemed by management to be outside the scope of relevance to the Company. Basic and Diluted Earnings Per Share Basic earnings per share are calculated by dividing income available to stockholders by the weighted-average number of common shares outstanding during each period. Diluted earnings per share are computed using the weighted average number of common and dilutive common share equivalents outstanding during the period. Dilutive common share equivalents consist of shares issuable upon the exercise of stock options and warrants (calculated using the modified-treasury stock method). Three-month periods ended March 31, 2019 2018 Numerator: Net loss $ (1,013,637 ) $ (1,256,459 ) Denominator: Denominator for basic earnings per share-weighted average shares 66,179,709 65,939,709 Effect of dilutive securities-when applicable: Stock options - - Warrants - - Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions 66,179,709 65,939,709 Loss per share: Basic $ (0.02 ) $ (0.02 ) Diluted $ (0.02 ) $ (0.02 ) Weighted-average anti-dilutive common share equivalents 32,044,290 23,063,359 Property and Equipment Property and equipment are recorded at cost and are depreciated on a straight-line basis over their estimated useful lives of three Property and equipment consist of the following at: March 31, 2019 December 31, 2018 Computer equipment and software $ 415,968 $ 422,441 Office furniture and equipment 123,530 123,932 Leasehold improvements 290,350 288,937 829,848 835,310 Accumulated depreciation (787,718 ) (783,275 ) Total $ 42,130 $ 52,035 Three-month periods ended March 31, 2019 2018 Depreciation expense $ 10,368 $ 14,059 Amortization expense on internal software $ - $ 105,000 During the three March 31, 2019, $9,000 $1,400. no 2018. Leases The Company has identified all leases and reviewed the leases to determine the impact of ASC 842 not not 1 2 3 January 1, 2019 $1,569,100 January 1, 2019 $1,725,375 $65,431 $66,164. 2016 02, no March 31, 2019 December 31, 2018 Operating lease right-of-use asset, January 1, 2019 $ 1,569,100 $ - Operating lease right-of-use asset, amortization 65,431 - Operating lease right-of-use asset, March 31, 2019 $ 1,503,669 $ - Operating lease liability, January 1, 2019 $ 1,725,375 $ - Operating lease liability, amortization 66,164 - Operating lease liability, March 31, 2019 (1) $ 1,659,211 $ - ( 1 $296,461 $1,362,750. Amount of future annual minimum payments under operating lease obligations at March 31, 2019 Lease Payments Remainder of 2019 $ 358,877 2020 $ 490,230 2021 $ 504,304 2022 $ 518,378 2023 $ 265,053 |
Note 3 - Prepaid Expenses
Note 3 - Prepaid Expenses | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | NOTE 3: At March 31, 2019 December 31, 2018, |
Note 4 - Deferred Revenues
Note 4 - Deferred Revenues | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 4: The Company’s deferred revenues consist of prepayments made by certain of the Company’s customers and undelivered implementation and training fees. The Company decreases the deferred revenues by the amount of the services it renders to such clients when provided. March 31, 2019 December 31, 2018 Deferred revenues $ 239,029 $ 443,650 |
Note 5 - Credit Facility and Lo
Note 5 - Credit Facility and Loan | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 5: Agility Loan March 31, 2019 December 31, 2018 Agility Loan - 625,000 Amendment, added to balance - 400,000 Principal Payment of Agility Loan - (1,025,000 ) Balance $ - $ - On March 11, 2016, $625,000 March 31, 2017. 12% $25,000 June 1, 2016. $130,000 $50,000 January 2018, In connection with the Agility Loan, on June 30, 2016, 69,444 $0.45 March 11, 2021. $15,880 2018. On November 29, 2016, $100,000, December 31, 2017. November 29, 2016, 187,500 $0.40 November 29, 2021. $42,427 2018. On August 14, 2017, On November 8, 2017, third $300,000 November 9, 2017 $625,000. December 31, 2017 December 31, 2018. $125,000 470 50 470 50” 10% $606,034 $106,034 $625,000 not On January 26, 2018, $581,000 $0 March 31, 2019 December 31, 2018. Credit Facility - SaaS Capital Loan March 31, 2019 December 31, 2018 SaaS Capital Loan, Total advances $ 10,253,000 $ 10,253,000 Principal Payment of SaaS Capital Loan (5,802,865 ) (5,442,865 ) Less: Deferred financing cost (50,084 ) (100,867 ) Less: SaaS Capital Loan, short term (2,902,259 ) (3,399,240 ) Balance $ 1,497,792 $ 1,310,028 On May 5, 2016, $8,000,000. 10.25% 10.25% 9.21% three first six 36 10%, 6% 3% 12 12 24 24 may May 5, 2018. $5,000,000, May 5, 2016, $4,572,223. $80,000 $80,000 May 2017. $160,000 $13,333 March 31, 2019 2018. The SaaS Capital Loan contains customary covenants including, but not March 31, 2019, On May 5, 2016, 1,333,333 $0.45 May 5, 2026, 5 first $169,000 $9,430 $786 three March 31, 2019 2018. $383,128 $31,927 three March 31, 2019 2018. On November 29, 2016, $120,000, $10,000 one 200,000 $0.36 November 29, 2026. $60,185 December 31, 2016. On May 10, 2017, second $0 $150,000 August 31, 2017 On June 16, 2017, third 6 36 On August 14, 2017, fourth 2017 On November 8, 2017, fifth $0 $170,000 October 31, 2017, $150,000 November 1, 2017 December 31, 2017, $100,000 January 1, 2018 May 31, 2018, $50,000 June 1, 2018 August 31, 2018, $0 $600,000 January 31, 2018. September 2017. $375,000 On January 25, 2018, sixth 2017 470 50 470 50” 10% 200,000 $0.35 $56,834 $4,736 $3,157 three March 31, 2019 2018, On May 31, 2018, seventh 2018 $120,000 $495,000, October 31, 2018. On June 13, 2018, eighth 2018 On August 31, 2018, ninth August 2018 $555,000 On January 23, 2019, tenth January 15, 2019 March 15, 2019 $605,000 On March 1, 2019, January, February March 2019 May 15, 2019 During the three March 31, 2019, $0 $360,000. The Company owed $4,450,135 $4,810,135 March 31, 2019 December 31, 2018, 2017 Promissory Notes March 31, 2019 December 31, 2018 2017 Promissory Notes, Total $ - $ 1,000,000 Principal Payment of 2017 Promissory Notes - (1,000,000 2017 Promissory Notes, Outstanding balance - - Less: Deferred financing cost - - Less: 2017 Promissory Notes, short term - - Balance $ - $ - On August 14, 2017, $1,000,000 seven 2017 2017 2017 2017 one 2017 two 2017 2017 August 14, 2019 12% 2017 three 1,000,000 $0.35 $104,676 $0 $82,868 three March 31, 2019 2018, On January 26, 2018, $1,074,000 2017 2017 $65,000 $0 2017 March 31, 2019 December 31, 2018. Beedie Credit Agreement March 31, 2019 December 31, 2018 Total advances $ 6,500,000 $ 6,000,000 Deferred interest reclassed to principal 62,379 - Principal Payment of Loan - - Less: Deferred financing cost (1,391,678 ) (1,421,873 ) Balance $ 5,170,701 $ 4,578,127 On January 25, 2018, $7,000,000. 12% 14% $175,000 0.325% may July 25, 2020 January 25, 2021. 24 January 25, 2020. $4,500,000 January 26, 2018. $581,000 March 11, 2016, $1,074,000 2017 2017 August 14, 2017. $175,000 $14,583 $9,722 three March 31, 2019 2018, The Beedie Credit Agreement contains customary covenants including, but not March 31, 2019, 18% In connection with the Beedie Credit Agreement, the Company issued to Beedie a warrant, or the Beedie Warrant, to purchase up to 4,500,000 $0.35 January 26, 2019. 2,500,000 2017 11 815 10 15 74 $1,099,861 $91,655 $61,103 three March 31, 2019 2018, On May 31, 2018, first 2018 500,000 $0.35 January 25, 2019. 470 50 470 50 10% $120,330 $10,027 $0 three March 31, 2019 2018, On June 13, 2018, second 2018 100,000 $0.35 January 25, 2019. 470 50 470 50 10% $24,053 $2,004 $0 three March 31, 2019 2018, On August 31, 2018, third second $1,500,000, August 2018 1,500,000 835,000 $0.35 January 25, 2019. $412,484 $42,671 $0 three March 31, 2019 2018, $75,000 $7,759 $0 three March 31, 2019 2018, On January 23, 2019, fourth January 31, 2019 $50,000 On March 1, 2019, fifth third $500,000. 500,000 $0.15 $44,670 $1,942 $0 three March 31, 2019 2018, 2017 11 $104,638 $8,861 $0 three March 31, 2019 2018, The Company owed $6,562,379 $6,000,000 March 31, 2019 December 31, 2018, 2018 On May 31, 2018, June 15, 2018, $1,500,000 $500,000, thirteen 2018 2018 2018 one 2018 two 2018 two 2018 2018 May 30, 2021 12% 2018 six 3,000,000 $0.35 $737,218 $61,435 $0 three March 31, 2019 2018, August 2018 On August 31, 2018, $1,500,000 ten August 2018 August 2018 August 2018 August 2018 August 30, 2021 12% August 2018 six 1,500,000 $0.35 $276,798 $23,066 $0 three March 31, 2019 2018, The Company recognized amortization and interest expenses in connection with the above credit facility and loans as follows. Three-month periods ended March 31, 2019 2018 Amortization expense associated with the credit facility and loan $ 314,787 $ 202,898 Interest expense associated with the credit facility and loan $ 407,074 $ 373,257 Other finance fees associated with the credit facility and loan $ 5,609 $ 28,655 |
Note 6 - Stockholders' Deficit
Note 6 - Stockholders' Deficit | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 6: Common Stock There were no three March 31, 2019 2018. As of March 31, 2019, December 31, 2018, 66,179,709 Restricted Stock During 2018 2017, 120,000 $0.50 4 July 1, 2018 July 1, 2017, March 31, 2019 2018, $30,000 three March 31, 2019 2018. $30,000 March 31, 2019 2018. Warrants There were no three March 31, 2019 2018. During the three March 31, 2019, 500,000 $0.15 January 25, 2024. $44,670, three March 31, 2019. 2017 11 $104,638 three March 31, 2019. During the three March 31, 2018, 200,000 4,500,000 $0.35 January 25, 2028 January 25, 2024, $56,834 $1,099,861, 58,824 As of March 31, 2019, December 31, 2018, 25,545,517 16,110,517 $0.53 $0.62, The Company recorded expenses of $89,119 $61,050 three March 31, 2019 2018, Options The Company generally recognizes its share-based payment over the vesting terms of the underlying options. Three-month periods ended March 31, 2019 2018 Weighted-average grant date fair value $ 0.39 $ 0.40 Fair value of options, recognized as selling, general, and administrative expenses $ 6,578 $ 8,303 Number of options granted - - Number of options expired or forfeited (102,500 ) (45,000 ) As of March 31, 2019 December 31, 2018, 7,130,000 8,257,500 $0.39 The total compensation cost related to non-vested awards not $2,095 March 31, 2019 18 |
Note 7 - Comprehensive Loss
Note 7 - Comprehensive Loss | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | NOTE 7: Comprehensive loss includes changes in equity related to foreign currency translation adjustments. The following table sets forth the reconciliation from net loss to comprehensive loss for the three March 31, 2019 2018: Three-month periods ended March 31, 2019 2018 Net loss $ (1,013,637 ) $ (1,256,459 ) Other comprehensive loss: Foreign currency translation adjustment 2,931 17,630 Comprehensive loss $ (1,010,706 ) $ (1,238,829 ) The following table sets forth the balance in accumulated other comprehensive loss as of March 31, 2019 December 31, 2018, March 31, 2019 December 31, 2018 Accumulated other comprehensive loss $ (74,424 ) $ (77,355 ) |
Note 8 - Segments
Note 8 - Segments | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 8: The Company operates in one three March 31, 2019 2018 Three-month periods ended March 31, 2019 2018 United States 63% 60% Europe 13% 20% Other 24% 20% |
Note 9 - Commitments and Contin
Note 9 - Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 9: During August 2017, January 2014 March 1, 2018, 1,332 11,728 June 30, 2023. March 1, 2018, $38,702 first $44,566 During October 2016, May 2014 21 June 1, 2016. $4,100 February 2018. March 31, 2019, During July 2014, five July 30, 2014. 89,667 $115,000 45,658 $56,000 2019 not 842. Legal Proceedings From time to time, the Company may not |
Note 10 - Subsequent Events
Note 10 - Subsequent Events | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 10: On May 1, 2019, sixth fourth $400,000 two On May 2, 2019, January, February, March, April May 2019 May 30, 2019 two On May 15, 2019, $19,400,000 $500,000 first three 30% $13,750,000 120 second third Under the Asset Purchase Agreement, Constellation will acquire all of the assets used by the Company in the Business and will assume the Company’s post-closing obligations under certain vendor, customer and other commercial contracts related to the Business, including the Company’s lease for its headquarters in Newport Beach, California and its Subsidiary’s office in the United Kingdom. The Company’s cash and cash equivalents, and the assets associated with its Accelerize trademark, are excluded from the sale of the Business. Constellation will offer employment to certain of the Company’s employees following the closing date. Under the Asset Purchase Agreement, the consummation of the sale of the Business is subject to satisfaction or waiver of certain closing conditions, including the approval of the sale of the Business by the Company’s stockholders, the payment of the outstanding principal amount of indebtedness due to Beedie and SaaS Capital and the release of their security interest in the assets related to the Business, the accuracy in material respects of the parties’ representations and warranties and material compliance with covenants, the absence of any legal process that prevents or adversely affects the sale of the Business and the delivery of certain other agreements and consents. The Company and its Chief Executive Officer have agreed not five not two The Asset Purchase Agreement prohibits the Company and its directors, officers, employees and other representatives from soliciting or facilitating an alternative proposal for the acquisition of the Business, however, such parties may third may not June 30, 2019, $1,000,000 $194,000. The Company intends to use the proceeds from the sale of the Business to pay the outstanding principal amount of indebtedness due to Beedie and SaaS Capital, to repay the outstanding principal amount of indebtedness due to certain of the 2018 August 2018 On May 15, 2019, $420,000 30,000,000 $3,000,000, 6% 4 2 1933, On May 15, 2019, 2018 August 2018 13 2018 August 2018 $2,450,000 2018 August 2018 two 2018 August 2018 one 2018 August 2018 May 15, 2019 2018 August 2018 $500,000 2018 August 2018 50,000 $1,000 12% ten third 2018 August 2018 $550,000 2018 August 2018 2018 August 2018 4 2 On May 15, 2019, seventh 7,935,000 $1,015,861.69 On May 15, 2019, $250,000 1,733,333 $495,185.84 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reporting amounts of revenues and expenses during the reported period. Actual results will differ from those estimates. Included in these estimates are assumptions about collection of accounts receivable, useful life of fixed assets, borrowing rate considered for operating lease right-of-use asset and related operating lease liability, and assumptions used in Black-Scholes-Merton, or BSM, valuation methods, such as expected volatility, risk-free interest rate, and expected dividend rate. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three $50,000 March 31, 2019 December 31, 2018. |
Receivable [Policy Text Block] | Accounts Receivable The Company’s accounts receivable are due primarily from advertisers and marketers. Collateral is currently not may March 31, 2019 December 31, 2018 Allowance for doubtful accounts $ 281,688 $ 245,736 |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risks The Company is subject to concentrations of credit risk primarily from cash and cash equivalents and accounts receivable. The Company’s cash and cash equivalents accounts are held at a financial institution and are insured by the Federal Deposit Insurance Corporation, or the FDIC, up to $250,000. three March 31, 2019, The Company's accounts receivable are due from customers, generally located in the United States, Europe, Asia, and Canada. The Company had a customer who accounted for 17% March 31, 2019 none December 31, 2018. not |
Revenue [Policy Text Block] | Revenue Recognition The Company recognizes revenue in accordance with ASC 606, five 1 2 3 4 5 The Company accounts for revenues when both parties to the contract have approved the contract, the rights and obligations of the parties are identified, payment terms are identified, and collectability of consideration is probable. Payment terms vary by client and the services offered. The Company’s SaaS revenues are generated from implementation and training fees and a monthly license fee, supplemented by per transaction fees paid by customers for monthly platform usage. The initial term of the customer contract is generally one one two may 30 not third third third not |
Product Concentration Policy [Policy Text Block] | Product Concentration The Company generates its revenues from software licensing, usage, and related transaction fees. |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments The Company accounts for assets and liabilities measured at fair value on a recurring basis in accordance with ASC Topic 820, 820. 820 ASC 820 820 Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs for which there is little or no Additional Disclosures Regarding Fair Value Measurements The carrying value of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, and lines of credit approximate their fair value due to the short-term maturity of these items. |
Advertising Cost [Policy Text Block] | Advertising The Company expenses advertising costs as incurred. Three-month periods ended March 31, 2019 2018 Advertising expense $ 98,967 $ 133,548 |
Income Tax, Policy [Policy Text Block] | Income Taxes Income taxes are accounted for in accordance with the provisions of ASC Topic 740, no |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency Translation The Company’s reporting currency is U.S. Dollars. The functional currency of the Company’s Subsidiary in the United Kingdom is British Pounds. The translation from British Pounds to U.S. dollars is performed for asset and liability accounts using exchange rates in effect at the balance sheet date, equity accounts using historical exchange rates or rates in effect at the balance sheet date, and for revenue and expense accounts using the average exchange rate in effect during the period. The resulting translation adjustments are recorded as a component of Accumulated Other Comprehensive Income (Loss). Foreign currency translation gains and losses arising from exchange rate fluctuation on transactions denominated in a currency other than the functional currency are included in the consolidated statements of operations. |
Research, Development, and Computer Software, Policy [Policy Text Block] | Software Development Costs At December 31, 2018, $4,725,000 not 2019. December 31, 2018 1 2 $375,000 three March 31, 2018. $4,196,000 March 31, 2018. $105,000 three March 31, 2018 no three March 31, 2019. |
Share-based Payment Arrangement [Policy Text Block] | Share-Based Payment The Company accounts for stock-based compensation in accordance with ASC Topic 718, 718. The Company has elected to use the BSM option-pricing model to estimate the fair value of its options, which incorporates various subjective assumptions including volatility, risk-free interest rate, expected life, and dividend yield to calculate the fair value of stock option awards. Compensation expense recognized in the statements of operations is based on awards ultimately expected to vest and reflects estimated forfeitures. ASC 718 In June 2018, 2018 07, Compensation - Stock Compensation (Topic 718 718 505 50, Equity - Equity-Based Payments to Non-Employees 2018 07, no |
Common Stock For Services [Policy Text Block] | Common stock awards The Company has granted common stock awards to non-employees in exchange for services provided. The Company measures the fair value of these awards using the fair value of the services provided or the fair value of the awards granted, whichever is more reliably measurable. The fair value measurement date of these awards is generally the date the performance of services is complete. The fair value of the awards is recognized on a straight-line basis as services are rendered. The share-based payments related to common stock awards for the settlement of services provided by non-employees is recorded on the consolidated statement of comprehensive loss in the same manner and charged to the same account as if such settlements had been made in cash. |
Warrants [Policy Text Block] | Warrants In connection with certain financing, consulting and collaboration arrangements, the Company has issued warrants to purchase shares of its common stock. The outstanding warrants are standalone instruments that are not not 6, |
Segment Reporting, Policy [Policy Text Block] | Segment Reporting The Company generated revenues from one three March 31, 2019 2018. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements In February 2016, 2016 02, 842 December 15, 2018 12 one two January 1, 2019 In January 2017, 2017 04, 350 2017 04 December 15, 2019. January 1, 2017. no In January 2016, No. 2016 01, Financial Instruments — Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. first 2019. no In November 2016, No. 2016 18, Statement of Cash Flows (Topic 230 ): Restricted Cash December 15, 2017. January 1, 2018, no In May 2017, 2017 09, Compensation - Stock Compensation (Topic 718 : Scope of Modification Accounting 2016 09 718. December 15, 2017. January 1, 2018 no In June 2018, 2018 07, Compensation - Stock Compensation (Topic 718 718 505 50, Equity - Equity-Based Payments to Non-Employees 2018 07, no Other accounting pronouncements have been issued but deemed by management to be outside the scope of relevance to the Company. |
Earnings Per Share, Policy [Policy Text Block] | Basic and Diluted Earnings Per Share Basic earnings per share are calculated by dividing income available to stockholders by the weighted-average number of common shares outstanding during each period. Diluted earnings per share are computed using the weighted average number of common and dilutive common share equivalents outstanding during the period. Dilutive common share equivalents consist of shares issuable upon the exercise of stock options and warrants (calculated using the modified-treasury stock method). Three-month periods ended March 31, 2019 2018 Numerator: Net loss $ (1,013,637 ) $ (1,256,459 ) Denominator: Denominator for basic earnings per share-weighted average shares 66,179,709 65,939,709 Effect of dilutive securities-when applicable: Stock options - - Warrants - - Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions 66,179,709 65,939,709 Loss per share: Basic $ (0.02 ) $ (0.02 ) Diluted $ (0.02 ) $ (0.02 ) Weighted-average anti-dilutive common share equivalents 32,044,290 23,063,359 |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment Property and equipment are recorded at cost and are depreciated on a straight-line basis over their estimated useful lives of three Property and equipment consist of the following at: March 31, 2019 December 31, 2018 Computer equipment and software $ 415,968 $ 422,441 Office furniture and equipment 123,530 123,932 Leasehold improvements 290,350 288,937 829,848 835,310 Accumulated depreciation (787,718 ) (783,275 ) Total $ 42,130 $ 52,035 Three-month periods ended March 31, 2019 2018 Depreciation expense $ 10,368 $ 14,059 Amortization expense on internal software $ - $ 105,000 During the three March 31, 2019, $9,000 $1,400. no 2018. |
Lessee, Leases [Policy Text Block] | Leases The Company has identified all leases and reviewed the leases to determine the impact of ASC 842 not not 1 2 3 January 1, 2019 $1,569,100 January 1, 2019 $1,725,375 $65,431 $66,164. 2016 02, no March 31, 2019 December 31, 2018 Operating lease right-of-use asset, January 1, 2019 $ 1,569,100 $ - Operating lease right-of-use asset, amortization 65,431 - Operating lease right-of-use asset, March 31, 2019 $ 1,503,669 $ - Operating lease liability, January 1, 2019 $ 1,725,375 $ - Operating lease liability, amortization 66,164 - Operating lease liability, March 31, 2019 (1) $ 1,659,211 $ - ( 1 $296,461 $1,362,750. Amount of future annual minimum payments under operating lease obligations at March 31, 2019 Lease Payments Remainder of 2019 $ 358,877 2020 $ 490,230 2021 $ 504,304 2022 $ 518,378 2023 $ 265,053 |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, 2019 December 31, 2018 Allowance for doubtful accounts $ 281,688 $ 245,736 |
Schedule of Advertising Expense [Table Text Block] | Three-month periods ended March 31, 2019 2018 Advertising expense $ 98,967 $ 133,548 |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three-month periods ended March 31, 2019 2018 Numerator: Net loss $ (1,013,637 ) $ (1,256,459 ) Denominator: Denominator for basic earnings per share-weighted average shares 66,179,709 65,939,709 Effect of dilutive securities-when applicable: Stock options - - Warrants - - Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions 66,179,709 65,939,709 Loss per share: Basic $ (0.02 ) $ (0.02 ) Diluted $ (0.02 ) $ (0.02 ) Weighted-average anti-dilutive common share equivalents 32,044,290 23,063,359 |
Property, Plant and Equipment [Table Text Block] | March 31, 2019 December 31, 2018 Computer equipment and software $ 415,968 $ 422,441 Office furniture and equipment 123,530 123,932 Leasehold improvements 290,350 288,937 829,848 835,310 Accumulated depreciation (787,718 ) (783,275 ) Total $ 42,130 $ 52,035 |
Schedule of Components of Lease Assets and Liabilities [Table Text Block] | March 31, 2019 December 31, 2018 Operating lease right-of-use asset, January 1, 2019 $ 1,569,100 $ - Operating lease right-of-use asset, amortization 65,431 - Operating lease right-of-use asset, March 31, 2019 $ 1,503,669 $ - Operating lease liability, January 1, 2019 $ 1,725,375 $ - Operating lease liability, amortization 66,164 - Operating lease liability, March 31, 2019 (1) $ 1,659,211 $ - |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Lease Payments Remainder of 2019 $ 358,877 2020 $ 490,230 2021 $ 504,304 2022 $ 518,378 2023 $ 265,053 |
Depreciation Expense [Member] | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | Three-month periods ended March 31, 2019 2018 Depreciation expense $ 10,368 $ 14,059 Amortization expense on internal software $ - $ 105,000 |
Note 4 - Deferred Revenues (Tab
Note 4 - Deferred Revenues (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Contract with Customer, Asset and Liability [Table Text Block] | March 31, 2019 December 31, 2018 Deferred revenues $ 239,029 $ 443,650 |
Note 5 - Credit Facility and _2
Note 5 - Credit Facility and Loan (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | March 31, 2019 December 31, 2018 Agility Loan - 625,000 Amendment, added to balance - 400,000 Principal Payment of Agility Loan - (1,025,000 ) Balance $ - $ - March 31, 2019 December 31, 2018 SaaS Capital Loan, Total advances $ 10,253,000 $ 10,253,000 Principal Payment of SaaS Capital Loan (5,802,865 ) (5,442,865 ) Less: Deferred financing cost (50,084 ) (100,867 ) Less: SaaS Capital Loan, short term (2,902,259 ) (3,399,240 ) Balance $ 1,497,792 $ 1,310,028 March 31, 2019 December 31, 2018 2017 Promissory Notes, Total $ - $ 1,000,000 Principal Payment of 2017 Promissory Notes - (1,000,000 2017 Promissory Notes, Outstanding balance - - Less: Deferred financing cost - - Less: 2017 Promissory Notes, short term - - Balance $ - $ - March 31, 2019 December 31, 2018 Total advances $ 6,500,000 $ 6,000,000 Deferred interest reclassed to principal 62,379 - Principal Payment of Loan - - Less: Deferred financing cost (1,391,678 ) (1,421,873 ) Balance $ 5,170,701 $ 4,578,127 |
Schedule of Interest and Amortization Expense Line of Credit [Table Text Block] | Three-month periods ended March 31, 2019 2018 Amortization expense associated with the credit facility and loan $ 314,787 $ 202,898 Interest expense associated with the credit facility and loan $ 407,074 $ 373,257 Other finance fees associated with the credit facility and loan $ 5,609 $ 28,655 |
Note 6 - Stockholders' Deficit
Note 6 - Stockholders' Deficit (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Share-based Payment Arrangement, Activity [Table Text Block] | Three-month periods ended March 31, 2019 2018 Weighted-average grant date fair value $ 0.39 $ 0.40 Fair value of options, recognized as selling, general, and administrative expenses $ 6,578 $ 8,303 Number of options granted - - Number of options expired or forfeited (102,500 ) (45,000 ) |
Note 7 - Comprehensive Loss (Ta
Note 7 - Comprehensive Loss (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Comprehensive Income (Loss) [Table Text Block] | Three-month periods ended March 31, 2019 2018 Net loss $ (1,013,637 ) $ (1,256,459 ) Other comprehensive loss: Foreign currency translation adjustment 2,931 17,630 Comprehensive loss $ (1,010,706 ) $ (1,238,829 ) |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | March 31, 2019 December 31, 2018 Accumulated other comprehensive loss $ (74,424 ) $ (77,355 ) |
Note 8 - Segments (Tables)
Note 8 - Segments (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | Three-month periods ended March 31, 2019 2018 United States 63% 60% Europe 13% 20% Other 24% 20% |
Note 1 - Organization, Descri_2
Note 1 - Organization, Description of Business, and Basis of Presentation (Details Textual) - USD ($) | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Working Capital (Deficit) | $ 4,557,359 | ||
Retained Earnings (Accumulated Deficit), Ending Balance | (43,973,761) | $ (42,960,124) | |
Net Income (Loss) Attributable to Parent, Total | (1,013,637) | $ (1,256,459) | |
Net Cash Provided by (Used in) Operating Activities, Total | $ 374,140 | $ (1,099,773) |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | ||||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | Jan. 01, 2019 | Dec. 31, 2017 | ||
Restricted Cash and Cash Equivalents, Current, Total | $ 50,000 | $ 50,000 | ||||
Cash, FDIC Insured Amount | 250,000 | |||||
Capitalized Computer Software, Net, Ending Balance | $ 4,196,000 | 4,725,000 | ||||
Payments to Develop Software | 375,000 | |||||
Capitalized Computer Software, Amortization | $ 0 | 105,000 | ||||
Number of Reportable Segments | 1 | |||||
Property, Plant and Equipment, Useful Life | 3 years | |||||
Operating Lease, Right-of-Use Asset | $ 1,503,669 | |||||
Operating Lease, Liability, Total | [1] | 1,659,211 | ||||
Operating Lease, Right-of-Use Asset, Amortization | 65,431 | |||||
Operating Lease, Liability, Amortization | 66,164 | |||||
Operating Lease, Liability, Current | 296,461 | |||||
Operating Lease, Liability, Noncurrent | 1,362,750 | |||||
Accounting Standards Update 2016-02 [Member] | ||||||
Operating Lease, Right-of-Use Asset | 1,569,100 | $ 1,569,100 | ||||
Operating Lease, Liability, Total | 1,725,375 | $ 1,725,375 | ||||
Computer Equipment [Member] | ||||||
Property, Plant and Equipment, Disposals | 9,000 | $ 0 | ||||
Property, Equipment and Equipment, Net, Disposals | $ 1,400 | |||||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | ||||||
Concentration Risk, Percentage | 0.00% | |||||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Customer [Member] | ||||||
Concentration Risk, Percentage | 17.00% | |||||
[1] | Includes short-term portion of $296,461 and long-term portion of $1,362,750. |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Accounts Receivable (Details) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Allowance for doubtful accounts | $ 281,688 | $ 245,736 |
Note 2 - Summary of Significa_5
Note 2 - Summary of Significant Accounting Policies - Advertising Costs (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Advertising expense | $ 98,967 | $ 133,548 |
Note 2 - Summary of Significa_6
Note 2 - Summary of Significant Accounting Policies - Basic and Diluted Earnings Per Share (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Net Income (Loss) Attributable to Parent, Total | $ (1,013,637) | $ (1,256,459) |
Denominator for basic earnings per share-weighted average shares (in shares) | 66,179,709 | 65,939,709 |
Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions (in shares) | 66,179,709 | 65,939,709 |
Basic (in dollars per share) | $ (0.02) | $ (0.02) |
Diluted (in dollars per share) | $ (0.02) | $ (0.02) |
Weighted-average anti-dilutive common share equivalents (in shares) | 32,044,290 | 23,063,359 |
Share-based Payment Arrangement, Option [Member] | ||
Effect of dilutive securities (in shares) | ||
Warrant [Member] | ||
Effect of dilutive securities (in shares) |
Note 2 - Summary of Significa_7
Note 2 - Summary of Significant Accounting Policies - Property and Equipment (Details) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Property and equipment, gross | $ 829,848 | $ 835,310 |
Accumulated depreciation | (787,718) | (783,275) |
Total | 42,130 | 52,035 |
Software Development [Member] | ||
Property and equipment, gross | 415,968 | 422,441 |
Furniture and Fixtures [Member] | ||
Property and equipment, gross | 123,530 | 123,932 |
Leasehold Improvements [Member] | ||
Property and equipment, gross | $ 290,350 | $ 288,937 |
Note 2 - Summary of Significa_8
Note 2 - Summary of Significant Accounting Policies - Property and Equipment, Depreciation Expense (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Depreciation expense | $ 10,368 | $ 14,059 |
Amortization expense on internal software | $ 0 | $ 105,000 |
Note 2 - Summary of Significa_9
Note 2 - Summary of Significant Accounting Policies - Operating Lease Assets and Liabilities (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | ||
Operating lease right-of-use asset | |||
Operating lease right-of-use asset, amortization | 65,431 | ||
Operating lease right-of-use asset | 1,503,669 | ||
Operating lease liability, amortization | 66,164 | ||
Operating lease liability | [1] | 1,659,211 | |
Accounting Standards Update 2016-02 [Member] | |||
Operating lease right-of-use asset | 1,569,100 | ||
Operating lease liability | $ 1,725,375 | ||
[1] | Includes short-term portion of $296,461 and long-term portion of $1,362,750. |
Note 2 - Summary of Signific_10
Note 2 - Summary of Significant Accounting Policies - Operating Lease Obligations Future Minimum Payments (Details) | Mar. 31, 2019USD ($) |
Remainder of 2019 | $ 358,877 |
2020 | 490,230 |
2021 | 504,304 |
2022 | 518,378 |
2023 | $ 265,053 |
Note 4 - Deferred Revenues - De
Note 4 - Deferred Revenues - Deferred Revenues (Details) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Deferred revenues | $ 239,029 | $ 443,650 |
Note 5 - Credit Facility and _3
Note 5 - Credit Facility and Loan (Details Textual) - USD ($) | Mar. 01, 2019 | Aug. 31, 2018 | Jun. 15, 2018 | May 31, 2018 | Jan. 26, 2018 | Jan. 25, 2018 | Nov. 08, 2017 | Oct. 31, 2017 | Oct. 30, 2017 | Aug. 31, 2017 | Aug. 14, 2017 | May 10, 2017 | May 05, 2017 | Nov. 29, 2016 | May 05, 2016 | Mar. 11, 2016 | Dec. 31, 2017 | Mar. 31, 2019 | Aug. 31, 2018 | Mar. 31, 2018 | Dec. 31, 2018 | May 31, 2018 | Dec. 31, 2016 | Jan. 23, 2019 | Jun. 13, 2018 | Jan. 31, 2018 | Nov. 09, 2017 | Jun. 30, 2016 |
Subordinated Debt, Ending Balance | $ 625,000 | |||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | $ 314,787 | $ 202,898 | ||||||||||||||||||||||||||
Repayments of Notes Payable | 1,000,000 | |||||||||||||||||||||||||||
Interest Paid, Excluding Capitalized Interest, Operating Activities | 407,074 | 373,257 | ||||||||||||||||||||||||||
Beedie Credit Agreement [Member] | ||||||||||||||||||||||||||||
Long-term Debt, Total | 6,562,379 | 6,000,000 | ||||||||||||||||||||||||||
Beedie Credit Agreement [Member] | Beedie Investments Limited [Member] | ||||||||||||||||||||||||||||
Debt Instrument, Face Amount | 6,500,000 | $ 6,000,000 | ||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||||||||||||||||||||||||||
Debt Instrument, Fee Amount | $ 175,000 | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 7,000,000 | |||||||||||||||||||||||||||
Proceeds from Long-term Lines of Credit | $ 4,500,000 | |||||||||||||||||||||||||||
Debt Issuance Costs, Net, Total | 1,391,678 | 1,421,873 | ||||||||||||||||||||||||||
Amortization of Debt Discount (Premium) | 14,583 | 9,722 | ||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage, If Gross Margin Falls Below Specified Amount | 14.00% | |||||||||||||||||||||||||||
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.325% | |||||||||||||||||||||||||||
Debt Instrument, Accrued Interest Fee, Period | 2 years | |||||||||||||||||||||||||||
Debt Instrument, Debt Default, Interest Rate, Percentage | 18.00% | |||||||||||||||||||||||||||
SaaS Capital Loan [Member] | ||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.25% | |||||||||||||||||||||||||||
Debt Instrument, Fee Amount | $ 555,000 | $ 495,000 | $ 375,000 | $ 555,000 | $ 495,000 | $ 605,000 | ||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 200,000 | |||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.36 | |||||||||||||||||||||||||||
Warrants and Rights Outstanding | $ 383,128 | $ 60,185 | ||||||||||||||||||||||||||
Long-term Debt, Gross | 4,450,135 | 4,810,135 | ||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 8,000,000 | |||||||||||||||||||||||||||
Debt Instrument, Reference Rate | 9.21% | |||||||||||||||||||||||||||
Prepayment Fee, Percentage Period One | 10.00% | |||||||||||||||||||||||||||
Prepayment Fee, Percentage, Period Two | 6.00% | |||||||||||||||||||||||||||
Prepayment Fee, Percentage, Period Three | 3.00% | |||||||||||||||||||||||||||
Proceeds from Long-term Lines of Credit | $ 5,000,000 | |||||||||||||||||||||||||||
Repayments of Long-term Lines of Credit | 4,572,223 | |||||||||||||||||||||||||||
Line of Credit Facility, Commitment Fee Amount | $ 80,000 | 80,000 | ||||||||||||||||||||||||||
Debt Issuance Costs, Net, Total | 160,000 | |||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 13,333 | 13,333 | ||||||||||||||||||||||||||
Amortization of Debt Discount (Premium) | 31,927 | 31,927 | ||||||||||||||||||||||||||
Debt Instrument, Minimum Adjusted EBITDA | $ (170,000) | $ 0 | $ (150,000) | $ 0 | $ (150,000) | (50,000) | 0 | (100,000) | ||||||||||||||||||||
Debt Instrument, Minimum Liquidity Covenant for Cash Balance | $ 600,000 | |||||||||||||||||||||||||||
Debt Instrument, Additional Fee Amount | $ 120,000 | $ 120,000 | ||||||||||||||||||||||||||
Proceeds from Issuance of Subordinated Long-term Debt | 0 | |||||||||||||||||||||||||||
Repayments of Subordinated Debt, Total | 360,000 | |||||||||||||||||||||||||||
SaaS Capital Loan [Member] | Debt In Connection With Warrant [Member] | ||||||||||||||||||||||||||||
Debt Issuance Costs, Net, Total | $ 9,430 | |||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 786 | 786 | ||||||||||||||||||||||||||
Payments of Financing Costs, Total | $ 169,000 | |||||||||||||||||||||||||||
SaaS Capital Loan [Member] | Loan Modification [Member] | ||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | $ 10,000 | |||||||||||||||||||||||||||
Debt Instrument, Fee Amount | 120,000 | |||||||||||||||||||||||||||
Agility Loan Warrants [Member] | ||||||||||||||||||||||||||||
Debt Instrument, Fee Amount | $ 100,000 | |||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 187,500 | 69,444 | ||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.40 | $ 0.45 | ||||||||||||||||||||||||||
Warrants and Rights Outstanding | $ 42,427 | $ 15,880 | ||||||||||||||||||||||||||
SaaS Warrants [Member] | ||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 200,000 | 1,333,333 | ||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | $ 0.45 | ||||||||||||||||||||||||||
Warrants and Rights Outstanding | $ 56,834 | |||||||||||||||||||||||||||
Amortization of Debt Discount (Premium) | 4,736 | 3,157 | ||||||||||||||||||||||||||
Beedie Warrant [Member] | ||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 4,500,000 | |||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | |||||||||||||||||||||||||||
Warrants and Rights Outstanding | 1,099,861 | |||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 91,655 | 61,103 | ||||||||||||||||||||||||||
Class of Warrant or Right, Number of Additional Securities Called by Warrants or Rights | 2,500,000 | |||||||||||||||||||||||||||
Beedie Warrant [Member] | Beedie Credit Agreement [Member] | ||||||||||||||||||||||||||||
Debt Issuance Costs, Net, Total | $ 104,638 | |||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 8,861 | 0 | ||||||||||||||||||||||||||
Beedie Warrant Amendment 1 [Member] | ||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 500,000 | 500,000 | ||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | $ 0.35 | ||||||||||||||||||||||||||
Warrants and Rights Outstanding | $ 120,330 | $ 120,330 | ||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 10,027 | 0 | ||||||||||||||||||||||||||
Beedie Warrant Amendment 2 [Member] | ||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 100,000 | |||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | |||||||||||||||||||||||||||
Warrants and Rights Outstanding | $ 24,053 | |||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 2,004 | 0 | ||||||||||||||||||||||||||
Beedie Warrant Amendment 3 [Member] | ||||||||||||||||||||||||||||
Debt Instrument, Fee Amount | $ 1,500,000 | $ 1,500,000 | ||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 835,000 | 835,000 | ||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | $ 0.35 | ||||||||||||||||||||||||||
Warrants and Rights Outstanding | 412,484 | |||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 42,671 | 0 | ||||||||||||||||||||||||||
Beedie Warrant, Amendment 4 [Member] | ||||||||||||||||||||||||||||
Amendment Fee Payable | $ 50,000 | |||||||||||||||||||||||||||
Beedie Agreement, Amendment 5 [Member] | ||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 500,000 | |||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.15 | |||||||||||||||||||||||||||
Warrants and Rights Outstanding | $ 44,670 | |||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 1,942 | 0 | ||||||||||||||||||||||||||
Proceeds from Notes Payable, Total | $ 500,000 | |||||||||||||||||||||||||||
The 2018 Warrants [Member] | ||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 3,000,000 | 3,000,000 | ||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | $ 0.35 | ||||||||||||||||||||||||||
Warrants and Rights Outstanding | $ 737,218 | $ 737,218 | ||||||||||||||||||||||||||
Warrants and Rights Outstanding, Term | 6 years | 6 years | ||||||||||||||||||||||||||
The 2018 Promissory Notes [Member] | ||||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 61,435 | 0 | ||||||||||||||||||||||||||
August 2018 Warrants [Member] | ||||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 1,500,000 | 1,500,000 | ||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | $ 0.35 | ||||||||||||||||||||||||||
Warrants and Rights Outstanding | $ 276,798 | $ 276,798 | ||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | 23,066 | 0 | ||||||||||||||||||||||||||
Warrants and Rights Outstanding, Term | 6 years | 6 years | ||||||||||||||||||||||||||
Subordinated Debt [Member] | ||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 625,000 | 625,000 | ||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | $ 25,000 | |||||||||||||||||||||||||||
Debt Instrument, Fee Amount | 125,000 | 130,000 | 400,000 | |||||||||||||||||||||||||
Debt Instrument, Minimum Aggregate Interest in the Event of Prepayment | $ 50,000 | |||||||||||||||||||||||||||
Proceeds from Issuance of Long-term Debt, Total | 300,000 | |||||||||||||||||||||||||||
Long-term Debt, Fair Value | 606,034 | |||||||||||||||||||||||||||
Gain (Loss) on Extinguishment of Debt, Total | $ (106,034) | |||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | 581,000 | |||||||||||||||||||||||||||
Long-term Debt, Gross | 0 | 0 | ||||||||||||||||||||||||||
Long-term Debt, Total | ||||||||||||||||||||||||||||
The 2017 Promissory Notes [Member] | ||||||||||||||||||||||||||||
Debt Instrument, Face Amount | 1,000,000 | |||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 1,000,000 | |||||||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.35 | |||||||||||||||||||||||||||
Warrants and Rights Outstanding | $ 104,676 | |||||||||||||||||||||||||||
Long-term Debt, Gross | 0 | 0 | ||||||||||||||||||||||||||
Debt Issuance Costs, Net, Total | ||||||||||||||||||||||||||||
Amortization of Debt Discount (Premium) | 0 | 82,868 | ||||||||||||||||||||||||||
Proceeds from Notes Payable, Total | $ 1,000,000 | |||||||||||||||||||||||||||
Warrants and Rights Outstanding, Term | 3 years | |||||||||||||||||||||||||||
Repayments of Notes Payable | 1,074,000 | |||||||||||||||||||||||||||
Interest Paid, Excluding Capitalized Interest, Operating Activities | $ 65,000 | |||||||||||||||||||||||||||
Long-term Debt, Total | ||||||||||||||||||||||||||||
August 2018 Promissory Notes [Member] | ||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% | ||||||||||||||||||||||||||
Proceeds from Notes Payable, Total | $ 1,500,000 | |||||||||||||||||||||||||||
August 2018 Promissory Notes [Member] | Brand Credit Agreement Amendment 3 [Member] | ||||||||||||||||||||||||||||
Debt Issuance Costs, Net, Total | 75,000 | $ 75,000 | ||||||||||||||||||||||||||
Amortization of Debt Issuance Costs | $ 7,759 | $ 0 | ||||||||||||||||||||||||||
Proceeds from Notes Payable, Total | $ 1,500,000 | |||||||||||||||||||||||||||
The 2018 Promissory Notes [Member] | ||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% | ||||||||||||||||||||||||||
Proceeds from Notes Payable, Total | $ 500,000 | $ 1,500,000 |
Note 5 - Credit Facility and _4
Note 5 - Credit Facility and Loan - Line of Credit and Loans (Details) - USD ($) | 3 Months Ended | 12 Months Ended | ||||
Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | Jan. 25, 2018 | Nov. 08, 2017 | Mar. 11, 2016 | |
Beedie Credit Agreement [Member] | ||||||
Balance | $ 6,562,379 | $ 6,000,000 | ||||
Beedie Credit Agreement [Member] | Beedie Investments Limited [Member] | ||||||
Loans | 6,500,000 | $ 6,000,000 | ||||
Amendment, added to balance | $ 175,000 | |||||
Principal Payment | ||||||
Less: Deferred financing cost | (1,391,678) | (1,421,873) | ||||
Deferred interest reclassed to principal | 62,379 | |||||
Principal Payment of Loan | ||||||
Balance | 5,170,701 | 4,578,127 | ||||
Subordinated Debt [Member] | ||||||
Loans | 625,000 | $ 625,000 | ||||
Amendment, added to balance | 400,000 | $ 125,000 | $ 130,000 | |||
Principal Payment | (1,025,000) | |||||
Balance | ||||||
Outstanding balance | 0 | 0 | ||||
Principal Payment of Loan | 1,025,000 | |||||
SaaS Capital Loan [Member] | ||||||
Loans | 10,253,000 | 10,253,000 | ||||
Principal Payment | (5,802,865) | (5,442,865) | ||||
Balance | 1,497,792 | 1,310,028 | ||||
Less: Deferred financing cost | (50,084) | (100,867) | ||||
Less: short term | (2,902,259) | (3,399,240) | ||||
Principal Payment of Loan | 5,802,865 | 5,442,865 | ||||
The 2017 Promissory Notes [Member] | ||||||
Loans | 1,000,000 | |||||
Principal Payment | (1,000,000) | |||||
Balance | ||||||
Less: Deferred financing cost | ||||||
Less: short term | ||||||
Outstanding balance | 0 | 0 | ||||
Principal Payment of Loan | $ 1,000,000 |
Note 5 - Credit Facility and _5
Note 5 - Credit Facility and Loan - Estimated Future Amortization Expense (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Amortization of deferred financing cost | $ 314,787 | $ 202,898 |
Interest expense associated with the credit facility and loan | 407,074 | 373,257 |
Other finance fees associated with the credit facility and loan | $ 5,609 | $ 28,655 |
Note 6 - Stockholders' Defici_2
Note 6 - Stockholders' Deficit (Details Textual) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2019USD ($)$ / sharesshares | Mar. 31, 2018USD ($)$ / sharesshares | Dec. 31, 2018USD ($)$ / sharesshares | Dec. 31, 2017$ / sharesshares | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 0 | 0 | ||
Common Stock, Shares, Issued, Total | 66,179,709 | 66,179,709 | ||
Common Stock, Shares, Outstanding, Ending Balance | 66,179,709 | 66,179,709 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | ||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ | $ 2,095 | |||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 1 year 180 days | |||
Stock Option Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 7,130,000 | 7,130,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 8,257,500 | 8,257,500 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Option, Nonvested, Weighted Average Exercise Price, Ending Balance | $ / shares | $ 0.39 | $ 0.39 | ||
Warrants Expiring January 25, 2024 [Member] | ||||
Share-based Payment Arrangement, Expense | $ | $ 104,638 | |||
Class of Warrant or Right, Issued During Period | 500,000 | 200,000 | ||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 0.15 | |||
Warrants and Rights Outstanding | $ | $ 44,670 | $ 56,834 | ||
Warrants Expiring January 25, 2028 [Member] | ||||
Class of Warrant or Right, Issued During Period | 4,500,000 | |||
Warrants and Rights Outstanding | $ | $ 1,099,861 | |||
Warrants Issued to Promissory Note Holders [Member] | ||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 0.35 | |||
Warrant [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised | 0 | 0 | ||
Warrants and Rights Outstanding | $ | $ 25,545,517 | $ 16,110,517 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 58,824 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance | $ / shares | $ 0.53 | $ 0.62 | ||
Share-based Payment Arrangement, Noncash Expense, Total | $ | $ 89,119 | $ 61,050 | ||
Restricted Stock [Member] | Non-employee Directors [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 120,000 | 120,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares | $ 0.50 | $ 0.50 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Vesting, Number of Equal Quarterly Increments | 4 | 4 | ||
Share-based Payment Arrangement, Expense | $ | 30,000 | 30,000 | ||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ | $ 30,000 | $ 30,000 |
Note 6 - Stockholders' Defici_3
Note 6 - Stockholders' Deficit - Additional Information Stock Options (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Weighted-average grant date fair value (in dollars per share) | $ 0.39 | $ 0.40 |
Fair value of options, recognized as selling, general, and administrative expenses | $ 6,578 | $ 8,303 |
Number of options granted (in shares) | ||
Number of options expired or forfeited (in shares) | (102,500) | (45,000) |
Note 7 - Comprehensive Loss - R
Note 7 - Comprehensive Loss - Reconciliation From Net Loss to Comprehensive Loss (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Net Income (Loss) Attributable to Parent, Total | $ (1,013,637) | $ (1,256,459) |
Foreign currency translation adjustment | 2,931 | 17,630 |
Comprehensive loss | $ (1,010,706) | $ (1,238,829) |
Note 7 - Comprehensive Loss - A
Note 7 - Comprehensive Loss - Accumulated Other Comprehensive Loss (Details) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Accumulated other comprehensive loss | $ (74,424) | $ (77,355) | $ (77,355) |
Note 8 - Segments (Details Text
Note 8 - Segments (Details Textual) | 3 Months Ended |
Mar. 31, 2019 | |
Number of Reportable Segments | 1 |
Note 8 - Segments - Sales by Ge
Note 8 - Segments - Sales by Geographic Region (Details) - Revenue, Segment Benchmark [Member] - Geographic Concentration Risk [Member] | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
UNITED STATES | ||
Percentage of sales | 63.00% | 60.00% |
Europe [Member] | ||
Percentage of sales | 13.00% | 20.00% |
Other [Member] | ||
Percentage of sales | 24.00% | 20.00% |
Note 9 - Commitments and Cont_2
Note 9 - Commitments and Contingencies (Details Textual) | Mar. 01, 2018USD ($)ft² | Oct. 31, 2016USD ($) | Jul. 31, 2014USD ($) | Jul. 31, 2014GBP (£) | Jul. 30, 2014 |
Office Space In Newport Beach California [Member] | |||||
Additional Area of Land | ft² | 1,332 | ||||
Area of Land | ft² | 11,728 | ||||
Office Space In Newport Beach California [Member] | Minimum [Member] | |||||
Operating Lease Monthly Rent | $ 38,702 | ||||
Office Space In Newport Beach California [Member] | Maximum [Member] | |||||
Operating Lease Monthly Rent | $ 44,566 | ||||
Sublease in Newport Beach [Member] | |||||
Operating Lease Monthly Rent | $ 4,100 | ||||
Lessor, Operating Lease, Term of Contract | 1 year 270 days | ||||
Office Space in London England [Member] | |||||
Operating Lease Monthly Rent | $ 115,000 | £ 89,667 | |||
Lessee, Operating Lease, Term of Contract | 5 years | ||||
Operating Lease Service Charges | $ 56,000 | £ 45,658 |
Note 10 - Subsequent Events (De
Note 10 - Subsequent Events (Details Textual) - USD ($) | Jun. 30, 2019 | May 01, 2019 | Jun. 30, 2019 | May 19, 2019 | May 15, 2019 | Mar. 31, 2019 | Mar. 31, 2018 |
Forecast [Member] | Beedie Warrant [Member] | |||||||
Class of Warrant or Right Numbero of Securities Cancelled | 7,935,000 | ||||||
Forecast [Member] | SaaS Capital Loan Warrants [Member] | |||||||
Class of Warrant or Right Numbero of Securities Cancelled | 1,733,333 | ||||||
Forecast [Member] | Conversion of The 2018 Promissory Notes and August 2018 Promissory Notes to Preferred Stock [Member] | |||||||
Debt Conversion, Original Debt, Amount | $ 500,000 | ||||||
Debt Conversion, Converted Instrument, Shares Issued | 50,000 | ||||||
Forecast [Member] | Convert 2018 Promissory Note to Preferred Stock [Member] | |||||||
Preferred Stock, Par or Stated Value Per Share | $ 1,000 | $ 1,000 | |||||
Forecast [Member] | Asset Purchase Agreement with CAKE Software [Member] | |||||||
Business Combination, Consideration Transferred, Total | $ 19,400,000 | ||||||
Business Combination, Value, Adjustment to Term | 500,000 | ||||||
Earnout Calculation Threshold Amount | 13,750,000 | $ 13,750,000 | |||||
Forecast [Member] | Asset Purchased Agreement with Emerging Growth LLC [Member] | |||||||
Business Combination, Consideration Transferred, Total | $ 420,000 | ||||||
Forecast [Member] | Asset Purchased Agreement with Emerging Growth LLC [Member] | Common Stock [Member] | |||||||
Stock Issued During Period, Shares, Acquisitions | 30,000,000 | ||||||
Forecast [Member] | Asset Purchased Agreement with Emerging Growth LLC [Member] | Preferred Stock [Member] | |||||||
Stock Issued During Period, Value, Acquisitions | $ 3,000,000 | ||||||
Preferred Stock, Dividend Rate, Percentage | 6.00% | ||||||
Subsequent Event [Member] | Beedie Investments Limited [Member] | |||||||
Interest Payable, Current | $ 1,015,861.69 | ||||||
Subsequent Event [Member] | SaaS Capital [Member] | |||||||
Interest Payable, Current | $ 495,185.84 | ||||||
Subsequent Event [Member] | Asset Purchase Agreement with CAKE Software [Member] | |||||||
Earnout as Percentage of Revenue, Net | 30.00% | ||||||
Business Acquisition Termination Fee Breach of Conditions or Superior Offer | $ 1,000,000 | ||||||
Business Acquisition Termination Fee Failure to Get Approval | 194,000 | ||||||
Beedie Credit Agreement [Member] | |||||||
Long-term Debt, Total | $ 6,562,379 | $ 6,000,000 | |||||
Beedie Credit Agreement [Member] | Subsequent Event [Member] | |||||||
Proceeds from Long-term Lines of Credit | $ 400,000 | ||||||
The 2018 Promissory Notes and August 2018 Promissory Notes [Member] | Subsequent Event [Member] | |||||||
Long-term Debt, Total | $ 2,450,000 | ||||||
The 2018 Promissory Notes [Member] | Forecast [Member] | |||||||
Preferred Stock, Dividend Rate, Percentage | 12.00% | ||||||
Extinguishment of Debt, Amount | $ 550,000 | ||||||
SaaS Capital Loan [Member] | Forecast [Member] | |||||||
Debt Instrument, Fee Amount | $ 250,000 | $ 250,000 |