2015 Q4 Form 10-K Financial Statement

#000114420417017715 Filed on March 30, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 2014 Q4
Revenue $18.71M $70.84M $16.76M
YoY Change 11.64% 32.86% 48.47%
Cost Of Revenue $15.48M $57.61M $13.32M
YoY Change 16.22% 44.73% 48.66%
Gross Profit $3.237M $13.23M $3.448M
YoY Change -6.13% -2.08% 47.93%
Gross Profit Margin 17.3% 18.68% 20.57%
Selling, General & Admin $5.050M $17.64M $5.750M
YoY Change -12.17% 1.9% 67.15%
% of Gross Profit 156.0% 133.29% 166.74%
Research & Development $670.0K $673.1K
YoY Change 40.19%
% of Gross Profit 20.7% 5.09%
Depreciation & Amortization $420.0K $383.3K $470.0K
YoY Change -10.64% 1.95% 6.82%
% of Gross Profit 12.97% 2.9% 13.63%
Operating Expenses $5.820M $18.69M $5.740M
YoY Change 1.39% 2.92% 63.53%
Operating Profit -$1.334M -$5.462M -$1.034M
YoY Change 28.99% 17.44% -12.62%
Interest Expense -$30.00K $142.5K -$40.00K
YoY Change -25.0% -23.72% 0.0%
% of Operating Profit
Other Income/Expense, Net $0.00 -$86.46K $20.00K
YoY Change -100.0% -44.9%
Pretax Income -$1.360M -$5.548M -$1.070M
YoY Change 27.1% 15.4% -13.01%
Income Tax -$230.0K -$81.81K -$170.0K
% Of Pretax Income
Net Earnings -$1.136M -$5.467M -$903.0K
YoY Change 25.8% -34.93% -56.87%
Net Earnings / Revenue -6.07% -7.72% -5.39%
Basic Earnings Per Share -$0.01 -$0.07 -$0.01
Diluted Earnings Per Share -$0.01 -$0.07 -$0.01
COMMON SHARES
Basic Shares Outstanding 82.23M shares 81.52M shares
Diluted Shares Outstanding 82.23M shares

Balance Sheet

Concept 2015 Q4 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.930M $7.930M $13.15M
YoY Change -39.7% -39.72%
Cash & Equivalents $7.930M $7.930M $13.15M
Short-Term Investments
Other Short-Term Assets $470.0K $466.2K $450.0K
YoY Change 4.44% -12.69% -15.09%
Inventory $28.40K $28.40K $37.03K
Prepaid Expenses
Receivables $10.57M $17.20M $8.543M
Other Receivables $0.00 $0.00 $30.00K
Total Short-Term Assets $25.63M $25.63M $27.75M
YoY Change -7.66% -7.66% 184.08%
LONG-TERM ASSETS
Property, Plant & Equipment $1.513M $1.513M $1.614M
YoY Change -6.25% -6.25% 4.41%
Goodwill $18.56M $18.56M
YoY Change 0.0% 11.66%
Intangibles $5.102M $5.993M
YoY Change -14.88% 65.86%
Long-Term Investments
YoY Change
Other Assets $60.47K $60.47K $162.0K
YoY Change -62.67% -62.67% 34.94%
Total Long-Term Assets $25.23M $25.23M $26.32M
YoY Change -4.16% -4.16% 0.07%
TOTAL ASSETS
Total Short-Term Assets $25.63M $25.63M $27.75M
Total Long-Term Assets $25.23M $25.23M $26.32M
Total Assets $50.86M $50.86M $54.08M
YoY Change -5.95% -5.95% 49.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.812M $7.812M $6.165M
YoY Change 26.71% 26.71% 90.97%
Accrued Expenses $6.687M $6.687M $5.980M
YoY Change 11.82% 11.82% 35.69%
Deferred Revenue
YoY Change
Short-Term Debt $130.0K $132.0K $140.0K
YoY Change -7.14% -3.71% -86.54%
Long-Term Debt Due $893.7K $922.5K $2.184M
YoY Change -59.08% -59.19% 89.84%
Total Short-Term Liabilities $17.63M $17.63M $15.28M
YoY Change 15.4% 15.4% 40.07%
LONG-TERM LIABILITIES
Long-Term Debt $431.8K $443.7K $1.328M
YoY Change -67.48% -67.48% -47.09%
Other Long-Term Liabilities $150.0K $148.9K $210.0K
YoY Change -28.57% -29.7% 133.33%
Total Long-Term Liabilities $431.8K $592.6K $1.328M
YoY Change -67.48% -62.41% -47.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.63M $17.63M $15.28M
Total Long-Term Liabilities $431.8K $592.6K $1.328M
Total Liabilities $18.67M $18.67M $17.30M
YoY Change 7.91% 7.91% 27.59%
SHAREHOLDERS EQUITY
Retained Earnings -$61.28M -$55.82M
YoY Change 9.79% 17.72%
Common Stock $93.74M $92.74M
YoY Change 1.08% 32.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $32.19M $32.19M $36.78M
YoY Change
Total Liabilities & Shareholders Equity $50.86M $50.86M $54.08M
YoY Change -5.95% -5.95% 49.91%

Cashflow Statement

Concept 2015 Q4 2015 2014 Q4
OPERATING ACTIVITIES
Net Income -$1.136M -$5.467M -$903.0K
YoY Change 25.8% -34.93% -56.87%
Depreciation, Depletion And Amortization $420.0K $383.3K $470.0K
YoY Change -10.64% 1.95% 6.82%
Cash From Operating Activities -$70.00K -$2.901M $20.00K
YoY Change -450.0% 12.11% -100.66%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K $413.6K -$40.00K
YoY Change 150.0% 57.43% -81.82%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $0.00 $0.00 $60.00K
YoY Change -100.0% -100.0%
Cash From Investing Activities -$100.0K -$600.0K $10.00K
YoY Change -1100.0% -86.51% -104.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $2.186M
YoY Change 90.43%
Cash From Financing Activities -2.250M -$1.553M 10.16M
YoY Change -122.15% -107.63% 1095.29%
NET CHANGE
Cash From Operating Activities -70.00K -$2.901M 20.00K
Cash From Investing Activities -100.0K -$600.0K 10.00K
Cash From Financing Activities -2.250M -$1.553M 10.16M
Net Change In Cash -2.420M -$5.054M 10.19M
YoY Change -123.75% -137.92% -524.58%
FREE CASH FLOW
Cash From Operating Activities -$70.00K -$2.901M $20.00K
Capital Expenditures -$100.0K $413.6K -$40.00K
Free Cash Flow $30.00K -$3.314M $60.00K
YoY Change -50.0% 16.28% -102.14%

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10875880 USD
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9441549 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
45650 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
45650 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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369231 USD
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CY2016Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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16244 USD
CY2015Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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0 USD
CY2015Q4 wyy Deferred Tax Assets Depreciation
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CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
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CY2015Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
181706 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross Noncurrent
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12692019 USD
CY2015Q4 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
11382523 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
9791680 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
8500622 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2900339 USD
CY2015Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
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CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
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CY2015Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
2717847 USD
CY2016Q4 wyy Deferred Tax Liabilities Depreciation
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CY2015Q4 wyy Deferred Tax Liabilities Depreciation
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0 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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447811 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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447811 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
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16195 USD
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CY2015Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Software
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CY2016Q4 us-gaap Deferred Income Tax Liabilities
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3299324 USD
CY2015Q4 us-gaap Deferred Income Tax Liabilities
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3298823 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
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398985 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
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CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
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6139958 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
9791680 USD
CY2016Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
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CY2016Q4 us-gaap Convertible Preferred Stock Shares Reserved For Future Issuance
ConvertiblePreferredStockSharesReservedForFutureIssuance
7945286 shares
CY2016Q4 us-gaap Common Stock Shares Authorized
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110000000 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
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82730134 shares
CY2015 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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0 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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82228974 shares
CY2016 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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0 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2015 us-gaap Lease And Rental Expense
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977000 USD
CY2016 us-gaap Lease And Rental Expense
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865500 USD
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906000 USD
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898000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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570000 USD
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330000 USD
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334000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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1232625 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
4270625 USD
CY2016 dei Document Type
DocumentType
10-K
CY2016 dei Amendment Flag
AmendmentFlag
false
CY2016 dei Document Period End Date
DocumentPeriodEndDate
2016-12-31
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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32331 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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0 USD
CY2016 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2016 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2016 dei Entity Registrant Name
EntityRegistrantName
WIDEPOINT CORP
CY2016 dei Entity Central Index Key
EntityCentralIndexKey
0001034760
CY2016 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2016 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2016 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2016 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2016Q2 dei Entity Public Float
EntityPublicFloat
44507000 USD
CY2016 dei Trading Symbol
TradingSymbol
WYY
CY2017Q1 dei Entity Common Stock Shares Outstanding
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82814322 shares
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0.001
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PreferredStockSharesOutstanding
0 shares
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PreferredStockSharesOutstanding
0 shares
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0.001
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
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110000000 shares
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CommonStockSharesIssued
82520696 shares
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CommonStockSharesOutstanding
82520696 shares
CY2016 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
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CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
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1107 USD
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
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0 USD
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8139973 USD
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3841071 USD
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4298902 USD
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8427626 USD
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3326103 USD
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5101523 USD
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1040600 USD
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708433 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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575800 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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268200 USD
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268200 USD
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1437669 USD
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48826 USD
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30889 USD
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594376 USD
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0 USD
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40397 USD
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28071 USD
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1204858 USD
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1183143 USD
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110649 USD
CY2016 us-gaap Proceeds From Income Tax Refunds
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20529 USD
CY2016 us-gaap Use Of Estimates
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CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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1857668 shares
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2791601 shares
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650000 shares
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180000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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417000 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
250000 shares
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0 shares
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863933 shares
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0.91
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.83
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.70
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.45
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageIntrinsicValue
0.83
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageIntrinsicValue
0.74
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.81
CY2016 us-gaap Stock Option Plan Expense
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185366 USD
CY2015 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
212193 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2090668 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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0.86
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
0.87
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
0.91
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1964739 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1857668 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1170668 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1015668 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.82
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.68
CY2016 us-gaap Restricted Stock Expense
RestrictedStockExpense
125623 USD
CY2015 us-gaap Restricted Stock Expense
RestrictedStockExpense
87144 USD
CY2016 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
32300 shares
CY2015 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
299337 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
310989 USD
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-51863 USD
CY2016Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
0 USD
CY2015Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
11962 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
431756 USD
CY2016Q4 wyy Liabilities Of Assets Held For Sale Long Term Debt Noncurrent
LiabilitiesOfAssetsHeldForSaleLongTermDebtNoncurrent
412180 USD
CY2015Q4 wyy Liabilities Of Assets Held For Sale Long Term Debt Noncurrent
LiabilitiesOfAssetsHeldForSaleLongTermDebtNoncurrent
0 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
94868 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
21431 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
22753 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
367996 USD
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
441000 USD
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
441000 USD
CY2016 us-gaap Revenue Recognition Multiple Element Arrangements
RevenueRecognitionMultipleElementArrangements
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <i><font style="FONT-SIZE: 10pt">Multiple Element Arrangements</font></i><font style="FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company enters into arrangements with multiple elements. In order to treat multiple element arrangements as separate units of accounting, the deliverables must have stand-alone value upon delivery. If the deliverables have stand-alone value upon delivery, the Company accounts for each deliverable separately.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">When multiple elements included in an arrangement are separated into different units of accounting, the arrangement consideration is allocated to the identified separate units based on a relative selling price hierarchy. The Company determines the relative selling price for a deliverable based on its vendor-specific objective evidence of selling price ("VSOE"), if available, or its best estimate of selling price, if VSOE is not available. For certain professional services, the Company has established VSOE as a consistent number of stand-alone sales of the deliverable have been priced within a reasonably narrow range.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016 wyy Minimum After Tax Net Income Requirement
MinimumAfterTaxNetIncomeRequirement
1.00 USD
CY2016Q4 wyy Minimum Tangible Net Worth Requirment
MinimumTangibleNetWorthRequirment
6500000 USD

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