Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2019 | Nov. 01, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | Intrusion Inc | |
Entity Central Index Key | 0000736012 | |
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) | 13,539,736 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Unaudited Condensed Consolidate
Unaudited Condensed Consolidated Balance Sheets - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Current Assets: | ||
Cash and cash equivalents | $ 2,111,000 | $ 1,652,000 |
Accounts receivable | 2,704,000 | 1,967,000 |
Prepaid expenses | 136,000 | 91,000 |
Total current assets | 4,951,000 | 3,710,000 |
Noncurrent Assets: | ||
Property and equipment, net | 295,000 | 200,000 |
Finance leases, right-of-use assets, net | 73,000 | 121,000 |
Operating lease, right-of-use assets, net | 1,407,000 | |
Other assets | 38,000 | 38,000 |
Total noncurrent assets | 1,813,000 | 359,000 |
TOTAL ASSETS | 6,764,000 | 4,069,000 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 1,078,000 | 1,596,000 |
Dividends payable | 32,000 | 594,000 |
Finance leases liability, current portion | 43,000 | 58,000 |
Operating lease liability, current portion | 277,000 | |
Deferred revenue | 643,000 | 1,004,000 |
Total current liabilities | 2,073,000 | 3,252,000 |
Noncurrent Liabilities: | ||
Loan payable to officer | 1,815,000 | |
Finance leases liability, noncurrent portion | 32,000 | 64,000 |
Operating lease liability, noncurrent portion | 1,389,000 | |
Total noncurrent liabilities | 1,421,000 | 1,879,000 |
Commitments and contingencies | ||
Stockholders’ equity (deficit): | ||
Common stock, $0.01 par value: Authorized shares - 80,000 Issued shares — 13,550 in 2019 and 13,259 in 2018 Outstanding shares — 13,540 in 2019 and 13,249 in 2018 | 135,000 | 133,000 |
Common stock held in treasury, at cost – 10 shares | (362,000) | (362,000) |
Additional paid-in capital | 56,770,000 | 56,609,000 |
Accumulated deficit | (55,073,000) | (59,242,000) |
Accumulated other comprehensive loss | (43,000) | (43,000) |
Total stockholders’ equity (deficit) | 3,270,000 | (1,062,000) |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | 6,764,000 | 4,069,000 |
Series 1 Preferred Stock [Member] | ||
Stockholders’ equity (deficit): | ||
Preferred stock | 707,000 | 707,000 |
Series 2 Preferred Stock [Member] | ||
Stockholders’ equity (deficit): | ||
Preferred stock | 724,000 | 724,000 |
Series 3 Preferred Stock [Member] | ||
Stockholders’ equity (deficit): | ||
Preferred stock | $ 412,000 | $ 412,000 |
Unaudited Condensed Consolida_2
Unaudited Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares shares in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized (in shares) | 5,000 | 5,000 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 80,000 | 80,000 |
Common stock, shares issued (in shares) | 13,550 | 13,259 |
Common stock, shares outstanding (in shares) | 13,540 | 13,249 |
Common stock held in treasury, at cost, shares (in shares) | 10 | 10 |
Series 1 Preferred Stock [Member] | ||
Preferred stock, shares issued (in shares) | 200 | 200 |
Preferred stock, shares outstanding (in shares) | 200 | 200 |
Preferred stock, liquidation preference (in dollars per share) | $ 1,025 | $ 1,213 |
Series 2 Preferred Stock [Member] | ||
Preferred stock, shares issued (in shares) | 460 | 460 |
Preferred stock, shares outstanding (in shares) | 460 | 460 |
Preferred stock, liquidation preference (in dollars per share) | $ 1,155 | $ 1,385 |
Series 3 Preferred Stock [Member] | ||
Preferred stock, shares issued (in shares) | 289 | 289 |
Preferred stock, shares outstanding (in shares) | 289 | 289 |
Preferred stock, liquidation preference (in dollars per share) | $ 633 | $ 760 |
Unaudited Condensed Consolida_3
Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Revenue | $ 3,860 | $ 2,665 | $ 11,071 | $ 7,296 |
Cost of revenue | 1,465 | 967 | 4,339 | 2,744 |
Gross profit | 2,395 | 1,698 | 6,732 | 4,552 |
Operating expenses: | ||||
Sales and marketing | 356 | 466 | 813 | 1,311 |
Research and development | 297 | 329 | 775 | 832 |
General and administrative | 277 | 243 | 930 | 828 |
Operating income | 1,465 | 660 | 4,214 | 1,581 |
Interest expense, net | (1) | (43) | (45) | (144) |
Net income | 1,464 | 617 | 4,169 | 1,437 |
Preferred stock dividends accrued | (35) | (35) | (104) | (104) |
Net income attributable to common stockholders | $ 1,429 | $ 582 | $ 4,065 | $ 1,333 |
Net income per share attributable to common stockholders: Basic (in dollars per share) | $ 0.11 | $ 0.04 | $ 0.30 | $ 0.10 |
Net income per share attributable to common stockholders: Diluted (in dollars per share) | $ 0.09 | $ 0.04 | $ 0.27 | $ 0.09 |
Weighted average common shares outstanding: Basic (in shares) | 13,523 | 13,062 | 13,466 | 13,009 |
Weighted average common shares outstanding: Diluted (in shares) | 15,371 | 14,955 | 15,314 | 14,901 |
Unaudited Condensed Consolida_4
Unaudited Condensed Consolidated Statements of Changes In Stockholders' Equity (Deficit) - USD ($) $ in Thousands | Total | Preferred Stock [Member] | Common Stock [Member] | Treasury Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] |
Balance, beginning of year and end of nine month period (in shares) | (949,000) | (12,808,000) | |||||
Balance (in shares) at Dec. 31, 2017 | 949,000 | 12,808,000 | |||||
Balance at Dec. 31, 2017 | $ 1,843 | $ 128 | $ 56,518 | $ (61,529) | $ (43) | ||
Exercise of stock options (in shares) | 322,500 | 322,000 | |||||
Exercise of stock options | $ 3 | 108 | |||||
Balance, beginning of year and end of nine month period (in shares) | (949,000) | (12,808,000) | |||||
Stock-based compensation | 16 | ||||||
Preferred stock dividends declared, net of waived penalties by shareholders | (70) | ||||||
Net income | $ 1,437 | 1,437 | |||||
Balance at Sep. 30, 2018 | (1,950) | $ 131 | 56,572 | (60,092) | |||
Balance, beginning of year and end of nine month period (in shares) | (13,130,000) | (362,000) | |||||
Balance, beginning of year and end of nine month period (in shares) | (949,000) | (13,259,000) | |||||
Balance (in shares) at Dec. 31, 2018 | 949,000 | 13,259,000 | |||||
Balance at Dec. 31, 2018 | $ (1,062) | $ 1,843 | $ 133 | 56,609 | (59,242) | $ (43) | |
Exercise of stock options (in shares) | 291,000 | 291,000 | |||||
Exercise of stock options | $ 2 | 234 | |||||
Balance, beginning of year and end of nine month period (in shares) | (949,000) | (13,259,000) | |||||
Stock-based compensation | 24 | ||||||
Preferred stock dividends declared, net of waived penalties by shareholders | (97) | ||||||
Net income | $ 4,169 | 4,169 | |||||
Balance at Sep. 30, 2019 | $ 3,270 | $ 135 | $ 56,770 | $ (55,073) | |||
Balance, beginning of year and end of nine month period (in shares) | (13,550,000) | (362,000) |
Unaudited Condensed Consolida_5
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Operating Activities: | ||
Net income | $ 4,169 | $ 1,437 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 136 | 96 |
Stock-based compensation | 24 | 16 |
Penalties on dividends | 6 | 34 |
Extinguishment of U.K. cumulative translation adjustment | 65 | |
Changes in operating assets and liabilities: | ||
Accounts receivable | (737) | (155) |
Inventories | 15 | |
Prepaid expenses and other assets | (45) | (120) |
Operating lease, right-of-use asset | 364 | |
Accounts payable and accrued expenses | (621) | 191 |
Deferred revenue | (361) | 213 |
Net cash provided by operating activities | 2,935 | 1,792 |
Investing Activities: | ||
Purchases of property and equipment | (183) | (173) |
Financing Activities: | ||
Borrowings on loan from officer | 150 | |
Payments on loan from officer | (1,815) | (1,200) |
Proceeds from stock options exercised | 236 | 111 |
Payments of dividends | (667) | |
Reduction of finance lease liability | (47) | (51) |
Net cash used in financing activities | (2,293) | (990) |
Net increase in cash and cash equivalents | 459 | 629 |
Cash and cash equivalents at beginning of period | 1,652 | 224 |
Cash and cash equivalents at end of period | 2,111 | 853 |
SUPPLEMENTAL DISCLOSURE OF NON CASH OPERATING AND FINANCING ACTIVITIES: | ||
Preferred stock dividends accrued | 103 | 104 |
Purchase of leased equipment per right-of-use finance lease | 89 | |
Initial recognition of operating lease, right-of-use asset | $ 1,771 |
Note 1 - Description of Busines
Note 1 - Description of Business | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | 1. Description of Business We develop, market and support a family of entity identification, high speed data mining and cybersecurity solutions. Our products help detect, report and mitigate cybercrimes and advanced persistent threats. Our product families include: ● TraceCop for entity identification, cybercrime detection and disclosure, and; ● Savant for high speed data mining. analytics, detection, reporting and mitigation of cybersecurity threats. Intrusion’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks. We market and distribute our products through a direct sales force to: ● end-users, and ● value-added resellers. Our end-user customers include: ● U.S. federal government entities, ● state and local government entities, ● large and diverse conglomerates, ● manufacturing entities, and ● other customers. We were organized in Texas in September 1983 October 1995. 1101 200, 75081, 972 234 6400. |
Note 2 - Basis of Presentation
Note 2 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | 2. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10 10 01 X. not December 31, 2018 not not three nine September 30, 2019 not may 10 December 31, 2018, March 28, 2019. The Company calculates the fair value of its assets and liabilities which qualify as financial instruments and includes this additional information in the notes to consolidated financial statements when the fair value is different from the carrying value of these financial instruments. The estimated fair value of accounts receivable, accounts payable and accrued expenses, and dividends payable approximate their carrying amounts due to the relatively short maturity of these instruments. Loans payable to officer are with a related party and as a result do not not third None On January 1, 2018 No. 2014 09, Revenue from Contracts with Customers no No. 2014 09 not three nine September 30, 2019 2018. On January 1, 2019 No. 2016 02, Leases (topic 842 no No. 2016 02 not three nine September 30, 2019. |
Note 3 - Loan Payable to Office
Note 3 - Loan Payable to Officer | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 3. Loan Payable to Officer On February 8, 2018, $3,700,000 $3,700,000 March 2020. On February 7, 2019, $2,700,000 $2,700,000 March 2021. Amounts borrowed under the CEO Note officer accrued interest at a floating rate per annum equal to Silicon Valley Bank’s (“SVB”) prime rate plus 1%. March 31, 2021. September 30, 2019, no As of October 24, 2019. no may |
Note 4 - Accounting for Stock-b
Note 4 - Accounting for Stock-based Compensation | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 4. Accounting for Stock-Based Compensation During the three September 30, 2019 2018, not $10,000 $5,000, three September 30, 2019 2018. nine September 30, 2019 2018, 24,000 24,000, $24,000 $16,000, nine September 30, 2019 2018. During the three September 30, 2019 2018, 10,500 103,500 2005 nine September 30, 2019 2018, 291,000 322,500 2005 Valuation Assumptions The fair values of employee and director option awards were estimated at the date of grant using a Black-Scholes option-pricing model with the following assumptions: For Three Months Ended September 30, 2019 For Three Months Ended September 30, 2018 For Nine Months Ended September 30, 2019 For Nine Months Ended September 30, 2018 Weighted average grant date fair value — — $ 3.61 $ 0.99 Weighted average assumptions used: Expected dividend yield — — 0.0 % 0.0 % Risk-free interest rate — — 2.19 % 2.93 % Expected volatility — — 127.52 % 131.0 % Expected life (in years) — — 5.0 5.0 Expected volatility is based on historical volatility and in part on implied volatility. The expected term considers the contractual term of the option as well as historical exercise and forfeiture behavior. The risk-free interest rate is based on the rates in effect on the grant date for U.S. Treasury instruments with maturities matching the relevant expected term of the award. Options granted to non-employees are valued using the fair market value on each measurement date of the option. |
Note 5 - Contract Assets and Co
Note 5 - Contract Assets and Contract Liabilities | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 5. Contract Assets and Contract Liabilities Contract assets represent contract billings for sales per contracts with customers and are classified as current. Our contract assets include our accounts receivables. At September 30, 2019, $2,704,000. September 30, 2018, $1,117,000. Contract liabilities consist of cash payments in advance of the Company satisfying performance obligations and recognizing revenue. The Company currently classifies deferred revenue as a contract liability. At September 30, 2019, $643,000. September 30, 2018, $619,000. |
Note 6 - Net Income Per Share
Note 6 - Net Income Per Share | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 6. Net Income Per Share Basic net income per share is computed by dividing net income attributable to common stockholders for the period by the weighted average number of common shares outstanding for the period. Diluted net income per share is computed by dividing the net income attributable to common stockholders by the weighted average number of common shares and dilutive common stock equivalents outstanding for the period. Our common stock equivalents include all common stock issuable upon conversion of preferred stock and the exercise of outstanding options. The aggregate number of common stock equivalents excluded from the diluted income per share calculation for the three September 30, 2019 2018 0 149,000, nine September 30, 2019 2018 4,044 292,044, |
Note 7 - Concentrations
Note 7 - Concentrations | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | 7. Concentrations Our operations are concentrated in one 90.9% third 2019 84.5% third 2018. third 2019, 75.8% three 66.4% four third 2018. third 2019, no 10.0% one 14.5% 2018. not not |
Note 8 - Commitments and Contin
Note 8 - Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 8. Commitments and Contingencies We are subject from time to time to various legal proceedings and claims that arise during the ordinary course of our business. We do not no may not |
Note 9 - Dividends Payable
Note 9 - Dividends Payable | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 9. Dividends Payable During the quarter ended September 30, 2019, $13,000 5% $14,000 2 5% $8,000 3 5% September 30, 2019, $32,000 Delaware law provides that we may no 18% 2 3 one 2 3 2 3 45 2 3 September 30, 2019, $1.8 |
Note 10 - Right-of-use Asset an
Note 10 - Right-of-use Asset and Leasing Liabilities | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Operating and Finance Leases Of Lessee Disclosure [Text Block] | 10. Right-of-use Asset and Leasing Liabilities Under the new lease accounting standard, we have determined that we have leases for right-of-use (ROU) assets. We have both finance right-of-use assets and operating right-of-use assets with a related lease liability. Our finance lease right-of-use assets consist of computer hardware and a copying machine. Our operating lease right-of-use assets include our rental agreements for our offices in Richardson and San Marcos, CA. Both types of lease liabilities are determined by the net present value of total payments and are amortized over the life of the lease. Both types of lease obligations are designed to terminate with the last scheduled payment. All of the finance lease right-of-use assets have a three five two September 30, 2019. eighteen September 30, 2019. Additional qualitative and quantitative disclosures regarding the Company's leasing arrangements are also required. The Company adopted ASC 842 not 1 2 3 not 12 As the implicit rate is not Schedule of Items Appearing on the Statement of Operations : Three Months Ended Nine Months Ended September 30, 201 9 September 30, 201 8 September 30, 201 9 September 30, 201 8 Operating expense: Amortization expense – Finance ROU 16 17 48 50 Lease expense – Operating ROU 82 65 244 197 Other expense: Interest expense – Finance ROU 1 1 3 2 Future minimum lease obligations consisted of the following at September 30 , 2019 Operating Finance Period ending September 30, ROU Leases ROU Leases Total 2020 $ 359 $ 46 $ 405 2021 362 31 393 2022 366 1 367 2023 378 — 378 2024 384 — 384 Thereafter 64 — 64 $ 1,913 $ 78 $ 1,991 Less Interest* (247 ) (3 ) $ 1,666 $ 75 *Interest is imputed for operating ROU leases and classified as lease expense and is included in operating expenses in the accompanying condensed consolidated statement of operations. |
Note 4 - Accounting for Stock_2
Note 4 - Accounting for Stock-based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | For Three Months Ended September 30, 2019 For Three Months Ended September 30, 2018 For Nine Months Ended September 30, 2019 For Nine Months Ended September 30, 2018 Weighted average grant date fair value — — $ 3.61 $ 0.99 Weighted average assumptions used: Expected dividend yield — — 0.0 % 0.0 % Risk-free interest rate — — 2.19 % 2.93 % Expected volatility — — 127.52 % 131.0 % Expected life (in years) — — 5.0 5.0 |
Note 10 - Right-of-use Asset _2
Note 10 - Right-of-use Asset and Leasing Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Lease, Cost [Table Text Block] | Three Months Ended Nine Months Ended September 30, 201 9 September 30, 201 8 September 30, 201 9 September 30, 201 8 Operating expense: Amortization expense – Finance ROU 16 17 48 50 Lease expense – Operating ROU 82 65 244 197 Other expense: Interest expense – Finance ROU 1 1 3 2 |
Lessee, Operating and Finance Lease, Liability, Maturity [Table Text Block] | Operating Finance Period ending September 30, ROU Leases ROU Leases Total 2020 $ 359 $ 46 $ 405 2021 362 31 393 2022 366 1 367 2023 378 — 378 2024 384 — 384 Thereafter 64 — 64 $ 1,913 $ 78 $ 1,991 Less Interest* (247 ) (3 ) $ 1,666 $ 75 |
Note 3 - Loan Payable to Offi_2
Note 3 - Loan Payable to Officer (Details Textual) - Revolving Credit Facility [Member] - Chief Executive Officer [Member] - USD ($) | 9 Months Ended | |||
Sep. 30, 2019 | Oct. 24, 2019 | Feb. 07, 2019 | Feb. 08, 2018 | |
Line of Credit Facility, Maximum Borrowing Capacity | $ 2,700,000 | $ 3,700,000 | ||
Debt Instrument, Basis Spread on Variable Rate | 1.00% | |||
Long-term Line of Credit, Total | $ 0 | |||
Subsequent Event [Member] | ||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 0 |
Note 4 - Accounting for Stock_3
Note 4 - Accounting for Stock-based Compensation (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | 0 | 24,000 | 24,000 |
Share-based Payment Arrangement, Expense | $ 10,000 | $ 5,000 | $ 24,000 | $ 16,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 10,500 | 103,500 | 291,000 | 322,500 |
Note 4 - Accounting for Stock_4
Note 4 - Accounting for Stock-based Compensation - Valuation Assumptions (Details) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Weighted average grant date fair value (in dollars per share) | $ 3.61 | $ 0.99 | ||
Weighted average assumptions used: | ||||
Expected dividend yield | 0.00% | 0.00% | ||
Risk-free interest rate | 2.19% | 2.93% | ||
Expected volatility | 127.52% | 131.00% | ||
Expected life (in years) (Year) | 5 years | 5 years |
Note 5 - Contract Assets and _2
Note 5 - Contract Assets and Contract Liabilities (Details Textual) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 | Sep. 30, 2018 |
Contract with Customer, Asset, Net, Current, Total | $ 2,704,000 | $ 1,117,000 | |
Contract with Customer, Liability, Current | $ 643,000 | $ 1,004,000 | $ 619,000 |
Note 6 - Net Income Per Share (
Note 6 - Net Income Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 149,000 | 4,044 | 292,044 |
Note 7 - Concentrations (Detail
Note 7 - Concentrations (Details Textual) | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | |
Number of Areas in Which Operations are Concentrated | 1 | ||
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | U.S. Government [Member] | |||
Concentration Risk, Percentage | 90.90% | 84.50% | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Three Government Customers [Member] | |||
Concentration Risk, Percentage | 75.80% | ||
Number of Major Customers | 3 | ||
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Four Government Customers [Member] | |||
Concentration Risk, Percentage | 66.40% | ||
Number of Major Customers | 4 | ||
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | One Commercial Customer [Member] | |||
Concentration Risk, Percentage | 14.50% | ||
Number of Major Customers | 1 |
Note 9 - Dividends Payable (Det
Note 9 - Dividends Payable (Details Textual) | 3 Months Ended |
Sep. 30, 2019USD ($) | |
Series 1 Preferred Stock [Member] | |
Dividends, Preferred Stock, Total | $ 13,000 |
Preferred Stock, Dividend Rate, Percentage | 5.00% |
Series 2 Preferred Stock [Member] | |
Dividends, Preferred Stock, Total | $ 14,000 |
Preferred Stock, Dividend Rate, Percentage | 25.00% |
Series 3 Preferred Stock [Member] | |
Dividends, Preferred Stock, Total | $ 8,000 |
Preferred Stock, Dividend Rate, Percentage | 3.50% |
Series 2 Preferred Stock and Series 3 Preferred Stock [Member] | |
Dividends, Preferred Stock, Total | $ 32,000 |
Preferred Stock Unpaid Dividends Additional Late Fee Penalty Percentage | 18.00% |
Period From Issuance of Written Notice For Failure to Pay Dividend Within Which Entity Must Cure Breach | 45 days |
Preferred Stock, Redemption Amount | $ 1,800,000 |
Note 10 - Right-of-use Asset _3
Note 10 - Right-of-use Asset and Leasing Liabilities (Details Textual) | Sep. 30, 2019 |
Lessee, Finance Lease, Term of Contract | 3 years |
Richardson Property [Member] | |
Lessee, Operating Lease, Term of Contract | 5 years 62 days |
The San Marcos Property [Member] | |
Lessee, Operating Lease, Term of Contract | 1 year 180 days |
Note 10 - Right-of-use Asset _4
Note 10 - Right-of-use Asset and Leasing Liabilities - Schedule of Items Appearing on the Statement of Operations (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Amortization expense – Finance ROU | $ 16 | $ 17 | $ 48 | $ 50 |
Lease expense – Operating ROU | 82 | 65 | 244 | 197 |
Interest expense – Finance ROU | $ 1 | $ 1 | $ 3 | $ 2 |
Note 10 - Right-of-use Asset _5
Note 10 - Right-of-use Asset and Leasing Liabilities - Future Minimum Lease Obligations (Details) $ in Thousands | Sep. 30, 2019USD ($) | |
Operating ROU Leases, 2020 | $ 359 | |
Finance ROU Leases, 2020 | 46 | |
2020 | 405 | |
Operating ROU Leases, 2021 | 362 | |
Finance ROU Leases, 2021 | 31 | |
2021 | 393 | |
Operating ROU Leases, 2022 | 366 | |
Finance ROU Leases, 2022 | 1 | |
2022 | 367 | |
Operating ROU Leases, 2023 | 378 | |
Finance ROU Leases, 2023 | ||
2023 | 378 | |
Operating ROU Leases, 2024 | 384 | |
Finance ROU Leases, 2024 | ||
2024 | 384 | |
Operating ROU Leases, Thereafter | 64 | |
Finance ROU Leases, Thereafter | ||
Thereafter | 64 | |
Operating ROU Leases Undiscounted Obligation | 1,913 | |
Finance ROU Leases Undiscounted Obligation | 78 | |
1,991 | ||
Operating ROU Leases, Less Interest* | (247) | [1] |
Finance ROU Leases, Less Interest* | (3) | [1] |
Operating ROU Leases | 1,666 | |
Finance ROU Leases | $ 75 | |
[1] | Interest is imputed for operating ROU leases and classified as lease expense and is included in operating expenses in the accompanying condensed consolidated statement of operations. |