Annual report pursuant to Section 13 and 15(d)

Note 22 - Prior Year Restatement (Tables)

v3.5.0.2
Note 22 - Prior Year Restatement (Tables)
12 Months Ended
Dec. 31, 2015
Note 22 - Prior Year Restatement (Tables) [Line Items]  
Schedule of Quarterly Financial Information [Table Text Block] As a result of the aforementioned correction of accounting errors, the relevant quarterly and annual financial statements have been restated as follows (all amounts in $USD except per share data):

Item
 
Quarter Ended
September 30, 2014
as Previously Reported
   
Quarter Ended
September 30, 2014
as Corrected
   
Difference
Increase
(Decrease)
 
Revenues
   
2,709,066
     
2,709,066
     
-
 
Cost of revenues
   
1,713,409
     
1,713,409
     
-
 
Gross margin
   
995,657
     
995,657
     
-
 
Operating expenses
   
874,389
     
1,038,358
     
163,969
 
Income (loss) from operations
   
121,268
     
(42,701
)
   
(163,969
)
Other expense
   
(81,934
)
   
(81,934
)
   
-
 
Income (loss) before tax expense
   
39,334
     
(124,635
)
   
(163,969
)
Net income (loss)
   
31,589
     
(132,380
)
   
(163,969
)
Basic EPS
   
-
     
-
     
-
 
Diluted EPS
   
-
     
-
     
-
 
Item
 
Year-to-date
September 30, 2014
as Previously Reported
   
Year-to-date
September 30, 2014
as Corrected
   
Difference
Increase
(Decrease)
 
Revenues
   
8,299,053
     
8,299,053
     
-
 
Cost of revenues
   
4,952,021
     
4,952,021
     
-
 
Gross margin
   
3,347,032
     
3,347,032
     
-
 
Operating expenses
   
2,504,776
     
2,668,745
     
163,969
 
Income from operations
   
842,256
     
678,287
     
(163,969
)
Other expense
   
(163,371
)
   
(163,371
)
   
-
 
Income before tax expense
   
678,885
     
514,916
     
(163,969
)
Net income
   
731,007
     
567,038
     
(163,969
)
Basic EPS
   
0.02
     
0.02
     
-
 
Diluted EPS
   
0.02
     
0.02
     
-
 
Item
 
Quarter Ended
December 31, 2014
as Previously Reported
   
Year Ended
December 31, 2014
as Corrected
   
Difference
Increase
(Decrease)
 
Revenues
   
3,498,760
     
3,498,760
     
-
 
Cost of revenues
   
2,473,836
     
2,473,836
     
-
 
Gross margin
   
1,024,924
     
1,024,924
     
-
 
Operating expenses
   
1,373,299
     
1,563,739
     
190,440
 
Loss from operations
   
(348,375
)
   
(538,815
)
   
(190,440
)
Other expense
   
(21,200
)
   
(21,200
)
   
-
 
Loss before tax benefit
   
(369,575
)
   
(560,015
)
   
(190,440
)
Net loss
   
(260,442
)
   
(450,882
)
   
(190,440
)
Basic EPS
   
(0.01
)
   
(0.01
)
   
-
 
Diluted EPS
   
(0.01
)
   
(0.01
)
   
-
 
Item
 
Year-to-date
December 31, 2014
as Previously Reported
   
Year-to-date
December 31, 2014
as Corrected
   
Difference
Increase
(Decrease)
 
Revenues
   
11,797,813
     
11,797,813
     
-
 
Cost of revenues
   
7,425,857
     
7,425,857
     
-
 
Gross margin
   
4,371,956
     
4,371,956
     
-
 
Operating expenses
   
3,878,075
     
4,232,484
     
354,409
 
Income from operations
   
493,881
     
139,472
     
(354,409
)
Other expense
   
(184,571
)
   
(184,571
)
   
-
 
Income before tax expense
   
309,310
     
(45,099
)
   
(354,409
)
Net income
   
470,565
     
116,156
     
(354,409
)
Basic EPS
   
0.01
     
0.01
     
-
 
Diluted EPS
   
0.01
     
0.01
     
-
 
Item
 
Quarter Ended
March 31, 2015
as Previously Reported
   
Quarter Ended
March 31, 2015
as Corrected
   
Difference
Increase
(Decrease)
 
Revenues
   
3,275,585
     
3,275,585
     
-
 
Cost of revenues
   
1,903,828
     
1,903,828
     
-
 
Gross margin
   
1,371,757
     
1,371,757
     
-
 
Operating expenses
   
1,900,615
     
2,082,247
     
181,632
 
Loss from operations
   
(528,858
)
   
(710,490
)
   
(181,632
)
Other expense
   
(33,004
)
   
(33,004
)
   
-
 
Loss before tax benefit
   
(561,862
)
   
(743,494
)
   
(181,632
)
Net loss
   
(379,445
)
   
(561,077
)
   
(181,632
)
Basic EPS
   
(0.01
)
   
(0.01
)
   
-
 
Diluted EPS
   
(0.01
)
   
(0.01
)
   
-
 
Item
 
Quarter Ended
June 30, 2015
as Previously Reported
   
Quarter Ended
June 30, 2015
as Corrected
   
Difference
Increase
(Decrease)
 
Revenues
   
3,220,343
     
3,220,343
     
-
 
Cost of revenues
   
2,041,679
     
2,041,679
     
-
 
Gross margin
   
1,178,664
     
1,178,664
     
-
 
Operating expenses
   
3,064,487
     
3,175,577
     
111,090
 
Loss from operations
   
(1,885,823
)
   
(1,996,913
)
   
(111,090
)
Other expense
   
(148,024
)
   
(148,024
)
   
-
 
Loss before tax benefit
   
(2,033,847
)
   
(2,144,937
)
   
(111,090
)
Net loss
   
(1,762,637
)
   
(1,873,727
)
   
(111,090
)
Basic EPS
   
(0.02
)
   
(0.02
)
   
-
 
Diluted EPS
   
(0.02
)
   
(0.02
)
   
-
 
Item
 
Year-to-date
June 30, 2015
as Previously Reported
   
Year-to-date
June 30, 2015
as Corrected
   
Difference
Increase
(Decrease)
 
Revenues
   
6,495,928
     
6,495,928
     
-
 
Cost of revenues
   
3,945,507
     
3,945,507
     
-
 
Gross margin
   
2,550,421
     
2,550,421
     
-
 
Operating expenses
   
4,965,102
     
5,257,824
     
292,722
 
Loss from operations
   
(2,414,681
)
   
(2,707,403
)
   
(292,722
)
Other expense
   
(181,028
)
   
(181,028
)
   
-
 
Loss before tax benefit
   
(2,595,709
)
   
(2,888,431
)
   
(292,722
)
Net loss
   
(2,142,082
)
   
(2,434,804
)
   
(292,722
)
Basic EPS
   
(0.04
)
   
(0.04
)
   
-
 
Diluted EPS
   
(0.04
)
   
(0.04
)
   
-
 
Item
 
Quarter Ended
September, 30 2015
as Previously Reported
   
Quarter Ended
September 30, 2015
as Corrected
   
Difference
Increase
(Decrease)
 
Revenues
   
3,115,726
     
3,115,726
     
-
 
Cost of revenues
   
1,857,173
     
1,857,173
     
-
 
Gross margin
   
1,258,553
     
1,258,553
     
-
 
Operating expenses
   
3,194,060
     
3,298,985
     
104,925
 
Loss from operations
   
(1,935,507
)
   
(2,040,432
)
   
(104,925
)
Other expense
   
(4,479,676
)
   
(4,479,676
)
   
-
 
Loss before tax benefit
   
(6,415,183
)
   
(6,520,108
)
   
(104,925
)
Net loss
   
(6,408,718
)
   
(6,513,643
)
   
(104,925
)
Basic EPS
   
(0.22
)
   
(0.22
)
   
-
 
Diluted EPS
   
(0.22
)
   
(0.22
)
   
-
 
Item
 
Year-to-date
September 30, 2015
as Previously Reported
   
Year-to-date
September 30, 2015
as Corrected
   
Difference
Increase
(Decrease)
 
Revenues
   
9,611,654
     
9,611,654
     
-
 
Cost of revenues
   
5,802,680
     
5,802,680
     
-
 
Gross margin
   
3,808,974
     
3,808,974
     
-
 
Operating expenses
   
8,159,162
     
8,556,809
     
397,647
 
Loss from operations
   
(4,350,188
)
   
(4,747,835
)
   
(397,647
)
Other expense
   
(4,660,704
)
   
(4,660,704
)
   
-
 
Loss before tax benefit
   
(9,010,892
)
   
(9,408,539
)
   
(397,647
)
Net loss
   
(8,550,800
)
   
(8,948,447
)
   
(397,647
)
Basic EPS
   
(0.25
)
   
(0.25
)
   
-
 
Diluted EPS
   
(0.25
)
   
(0.25
)
   
-
 
Balance Sheet Items [Member]  
Note 22 - Prior Year Restatement (Tables) [Line Items]  
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block] As a result of the aforementioned correction of accounting errors, the relevant quarterly and annual financial statements have been restated as follows (all amounts in $USD except per share data):

Item
 
As of
September 30, 2014 as
Previously Reported
   
As of
September 30, 2014
as Corrected
   
Difference
Increase
(Decrease)
 
Current Assets
   
6,238,952
     
6,238,952
     
-
 
Current Liabilities
   
2,175,634
     
2,175,634
     
-
 
Working Capital
   
4,063,318
     
4,063,318
     
-
 
Total Assets
   
6,498,465
     
6,498,465
     
-
 
Long Term Liabilities
   
245,756
     
245,756
     
-
 
Total Liabilities
   
2,421,390
     
2,421,390
     
-
 
Total Equity
   
4,077,075
     
4,077,075
     
-
 
Item
 
As of
December 31, 2014 as
Previously Reported
   
As of
December 31, 2014
as Corrected
   
Difference
Increase
(Decrease)
 
Current Assets
   
6,594,456
     
6,594,456
     
-
 
Current Liabilities
   
2,001,869
     
2,001,869
     
-
 
Working Capital
   
4,592,587
     
4,592,587
     
-
 
Total Assets
   
6,884,147
     
6,884,147
     
-
 
Long Term Liabilities
   
249,979
     
249,979
     
-
 
Total Liabilities
   
2,251,848
     
2,251,848
     
-
 
Total Equity
   
4,632,299
     
4,632,299
     
-
 
Item
 
As of
March 31, 2015 as
Previously Reported
   
As of
March 31, 2015
as Corrected
   
Difference
Increase
(Decrease)
 
Current Assets
   
4,862,542
     
4,862,542
     
-
 
Current Liabilities
   
2,566,956
     
2,566,956
     
-
 
Working Capital
   
2,295,586
     
2,295,586
     
-
 
Total Assets
   
14,906,830
     
14,906,830
     
-
 
Long Term Liabilities
   
4,368,495
     
4,368,495
     
-
 
Total Liabilities
   
6,935,451
     
6,935,451
     
-
 
Total Equity
   
7,971,379
     
7,971,379
     
-
 
Item
 
As of
June 30, 2015 as
Previously Reported
   
As of
June 30, 2015
as Corrected
   
Difference
Increase
(Decrease)
 
Current Assets
   
3,707,612
     
3,707,612
     
-
 
Current Liabilities
   
3,073,374
     
3,073,374
     
-
 
Working Capital
   
634,238
     
634,238
     
-
 
Total Assets
   
13,700,149
     
13,700,149
     
-
 
Long-Term Liabilities
   
690,203
     
690,203
     
-
 
Total Liabilities
   
3,763,577
     
3,763,577
     
-
 
Total Equity
   
9,936,572
     
9,936,572
     
-
 
Item
 
As of
September 30, 2015 as
Previously Reported
   
As of
September 30, 2015
as Corrected
   
Difference
Increase
(Decrease)
 
Current Assets
   
11,626,581
     
11,626,581
     
-
 
Current Liabilities
   
3,289,524
     
3,289,524
     
-
 
Working Capital
   
8,337,057
     
8,337,057
     
-
 
Total Assets
   
21,411,714
     
21,411,714
     
-
 
Long-Term Liabilities
   
13,026,037
     
13,026,037
     
-
 
Total Liabilities
   
16,315,561
     
16,315,561
     
-
 
Total Deficit
   
(5,181,709
)
   
(5,181,709
)
   
-