NOTE 10 - STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2017

Stockholders' Equity Note [Abstract]

Share-based Compensation, Stock Options, Activity [Table Text Block]

The Company did not issue any common stock purchase warrants or options during the years ended December 31, 2017 and 2016. The following tables represent stock options and warrants activities for the years ended December 31, 2017 and 2016.

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Yrs)		Aggregate Intrinsic Value
Outstanding at December 31, 2015		90,000		$	0.34		3.10	$	10,350
Granted		-
Exercised		(15,000	)	$	0.01
Forfeited or cancelled		-
Outstanding at December 31, 2016		75,000		$	0.41		2.71	$	82,000
Granted		-
Exercised		-
Forfeited or cancelled		(10,000	)	$	0.80
Outstanding at December 31, 2017		65,000		$	0.35		2.00	$	16,050
Exercisable at December 31, 2017		65,000		$	0.35		2.00	$	16,050

* Of the 65,000 options still active as of December 31, 2017: (i) 15,000 expire at 12-31-2018; (ii) 30,000 expire at 11-6-2019; and, (iii) 20,000 expire at 12-23-2020.

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

At December 31, 2017 and 2016, there were no outstanding and exercisable stock purchase warrants. The following summarizes the warrant activities during the year ended December 31, 2016:

	2016
	Number of Shares		Weighted Average Exercise Price
Outstanding at December 31, 2015		1,000,000	$	3.00
Granted		-		-
Exercised		-		-
Forfeited or cancelled		-		-
Expired		1,000,000	$	3.00
Outstanding at December 31, 2016		-	$	-
Exercisable at December 31, 2016		-	$	-

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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