XML 45 R31.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note 9 - Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2016
Notes Tables  
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]
   
Fair value at
   
Quoted prices in active
markets for identical assets/
   
Significant other observable
   
Significant unobservable
 
 
 
December 31, 2016
   
liabilities
(Level 1)
   
inputs
(Level 2)
   
inputs
(Level 3)
 
Derivatives: (1) (2)
                               
Conversion feature liability
  $
2,325,730
    $
-0-
    $
-0-
    $
2,325,730
 
Warrant liability
   
3,999,362
     
-0-
     
-0-
     
3,999,362
 
                                 
Total of derivative liabilities
  $
6,325,092
    $
-0-
    $
-0-
    $
6,325,092
 
   
Fair value at
   
Quoted prices in active
markets for identical
assets/ liabilities
   
Significant other observable inputs
   
Significant unobservable inputs
 
 
 
December 31, 2015
   
(Level 1)
   
(Level 2)
   
(Level 3)
 
Derivatives: (1) (2)
                               
Conversion feature liability
  $
901,243
    $
-0-
    $
-0-
    $
901,243
 
Warrant liability
   
1,914,923
     
-0-
     
-0-
     
1,914,923
 
Total of derivative liabilities
  $
2,816,166
    $
-0-
    $
-0-
    $
2,816,166
 
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
Significant valuation assumptions for derivative instruments at December 31, 2016
 
Risk free interest rate
   
0.82%
to
1.45%
 
Dividend yield
   
 0.00%
 
Expected volatility
   
117.3%
to
143.8%
 
Expected life (range in years)
           
Conversion feature liability
   
1.25
to
3.25
 
Warrant liability
   
0.25
to
3.25
 
Significant valuation assumptions for derivative instruments at December 31, 2015
 
Risk free interest rate
   
0.48%
to
1.2%
 
Dividend yield
   
 0.00%
 
Expected volatility
   
91.0%
to
132.2%
 
Expected life (range in years)
           
Conversion feature liability
   
1.25
to
2.25
 
Warrant liability
   
0.00
to
3.01
 
Fair Value Measurements, Nonrecurring [Table Text Block]
   
Carrying amount
   
Carrying amount
   
Quoted prices in active
markets for identical assets/
   
Significant other observable
   
Significant unobservable
 
 
 
December 31,
2015
   
December 31,
2016
   
liabilities
(Level 1)
   
inputs
(Level 2)
   
inputs
(Level 3)
 
Acquired assets (3)
                                       
Promasys B.V. customer list (4)
  $
92,444
    $
82,173
    $
-0-
    $
-0-
    $
136,253
 
Promasys B.V. software code (4)
   
41,274
     
26,707
     
-0-
     
-0-
     
72,943
 
Promasys B.V. URLs/website (4)
   
15,159
     
-0-
     
-0-
     
-0-
     
68,814
 
Total
  $
148,877
    $
108,880
    $
-0-
    $
-0-
    $
278,010
 
   
Carrying Amount
   
Carrying Amount
   
Quoted prices in active
markets
for identical assets/
   
Significant other observable
   
Significant unobservable
 
 
 
December 31,
2014
   
December 31,
2015
   
liabilities
(Level 1)
   
inputs
(Level 2)
   
inputs
(Level 3)
 
Acquired assets (3)
                                       
Promasys B.V. customer list (4)
  $
110,948
    $
92,444
    $
-0-
    $
-0-
    $
136,253
 
Promasys B.V. software code (4)
   
55,842
     
41,274
     
-0-
     
-0-
     
72,943
 
Promasys B.V. URLs/website (4)
   
37,131
     
15,159
     
-0-
     
-0-
     
68,814
 
Total
  $
203,921
    $
148,877
    $
-0-
    $
-0-
    $
278,010
 
Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block]
   
Other income/(expense)
 
 
 
For the year ended
 
 
 
December 31, 2016
   
December 31, 2015
 
The net amount of gains/(losses) for the period included in earnings attributable to the unrealized and realized gains/(losses) from changes in derivative liabilities at the reporting date
  $
(2,657,910
)   $
4,525,798
 
                 
Total unrealized and realized gains/(losses) included in earnings
  $
(2,657,910
)   $
4,525,798
 
Schedule of Derivative Liabilities at Fair Value [Table Text Block]
   
Level 3 financial liabilities at fair value
 
 
 
 
 
 
 
 
 
 
 
 
   
Net
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
purchases,
 
 
 
 
 
 
 
 
 
 
 
Balance,
 
 
 
 
 
 
 
   
issuances
 
 
 
 
 
 
Balance,
 
For the year ended
 
beginning
   
Net realized
   
Net unrealized
   
and
   
Net transfers
   
end
 
December 31, 2016
 
of year
   
gains/(losses)
   
gains/(losses)
   
settlements
   
in and/or out
   
of year
 
Derivatives:
                                               
Conversion feature liability
  $
(901,243
)   $
29,108
    $
(1,453,595
)   $
-0-
    $
-0-
    $
(2,325,730
)
Warrant liability
   
(1,914,923
)    
-0-
     
(1,233,423
)    
(851,016
)    
-0-
     
(3,999,362
)
Total of derivative liabilities
  $
(2,816,166
)   $
29,108
    $
(2,687,018
)   $
(851,016
)   $
-0-
    $
(6,325,092
)
   
Level 3 financial liabilities at fair value
 
 
 
 
 
 
 
 
 
 
 
 
   
Net
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
purchases,
 
 
 
 
 
 
 
 
 
 
 
Balance,
 
 
 
 
 
 
 
   
issuances
 
 
 
 
 
 
Balance,
 
For the year ended
 
beginning
   
Net realized
   
Net unrealized
   
and
   
Net transfers
   
end
 
December 31, 2015
 
of year
   
gains/(losses)
   
gains/(losses)
   
settlements
   
in and/or out
   
of year
 
Derivatives:
                                               
Conversion feature liability
  $
(2,944,402
)   $
29,875
    $
2,013,284
    $
-0-
    $
-0-
    $
(901,243
)
Warrant liability
   
(6,695,060
)    
-0-
     
2,482,639
     
(868,128
)    
3,165,626
     
(1,914,923
)
Total of derivative liabilities
  $
(9,639,462
)   $
29,875
    $
4,495,923
    $
(868,128
)   $
3,165,626
    $
(2,816,166
)