Note 10 - Stock Options and Warrants

12 Months Ended

Dec. 31, 2014

Stock Option And Warrants [Abstract]

Stock Option And Warrants [Text Block]

10. Stock Options and Warrants

Stock Options:

During 2014 and 2013, no options were issued to consultants.

Directors, officers and consultants exercised no options in 2014 or 2013.

Stock option activity for the year ended December 31, 2013 and periods ended November 20, 2014 and December 31, 2014 are summarized as follows:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in Years)		Grant Date Fair Value
Outstanding at December 31, 2012 (Predecessor)*		97,515		$	1.13		3.24	$	110,640
Options granted		-			-		-		-
Options exercised		-			-		-		-
Options cancelled/expired		(5,263	)		1.43		-		(7,500	)
Outstanding at December 31, 2013 (Predecessor)*		92,252			1.12		2.41		103,140
Vested at December 31, 2013 (Predecessor)		92,252			1.12		2.41		103,140
Outstanding at December 31, 2013 (Predecessor)*		92,252			1.12		2.41		103,140
Options granted		-			-		-		-
Options exercised		-			-		-		-
Options cancelled/expired		(10,526	)		2.38		-		(25,000	)
Outstanding at November 20, 2014 (Predecessor)*		81,726			0.96		1.79		78,140
Vested at November 20, 2014 (Predecessor)		81,726		$	0.96		1.79	$	78,140
Outstanding at November 20, 2014 (Successor)*		81,726		$	0.96		1.79	$	78,140
Options granted		-			-		-		-
Options exercised		-			-		-		-
Options cancelled/expired		-			-		-		-
Outstanding at December 31, 2014 (Successor)*		81,726			0.96		1.68		78,140
Vested at December 31, 2014 (Successor)		81,726		$	0.96		1.68	$	78,140

*All options went through a 1/19 reverse split and is being retroactively presented.

Stock warrants:

No warrants were exercised in 2014 or 2013.

A summary of the Company's stock warrant activity and related information for the periods ended November 20, 2014 and December 31, 2014 and for the year ended December 31, 2013 is as follows:

	Successor				Predecessor
	December 31, 2014				November 20, 2014						December 31, 2013
	Warrants		Price Range		Warrants			Price Range			Warrants			Price Range
Outstanding Beg. of Year*		52,632	$	0.57		120,395		$	0.57-0.76			349,596		$	0.3838-1.90
Granted		-		-		-			-			-			-
Cancelled/Expired						(67,763	)	$	(0.76	)		(229,201	)	$	(0.3838-1.90	)
Exercised		-		-		-			-			-			-
Outstanding End of Year*		52,632	$	0.57		52,632		$	0.57			120,395		$	0.57-0.76
Exercisable End of Year		52,632	$	0.57		52,632		$	0.57			120,395		$	0.57-0.76

*All warrants went through a 1/19 reverse split and is being retroactively presented.

The weighted-average remaining contractual life of the warrants outstanding at November 20, 2014 is 0.96 years. The weighted-average remaining contractual life of the warrants outstanding at December 31, 2014 is 0.85 years.

Derivative Liabilities:

During the year ended December 31, 2012, Hope Capital, Inc. exercised its right to convert debt into shares of ABI Common Stock. The embedded conversion features in the debt conversion and redemption features were accounted for as a derivative liability.  The debt also included warrants which were valued as a liability and discount to the note, due to the unknown number of shares to be issued upon conversion of the debt, causing a lack of sufficient authorized shares to be available to settle the warrants. The derivative liabilities were marked-to-market each quarter with the change in fair value recorded in the income statement. At each respective conversion date, the derivative liabilities were remeasured with the changes in fair value recorded to the income statement. At full conversion of the debt the warrants were no longer deemed to be a liability and were returned to equity for $17,035.

There was no net derivative gain for 2014. In 2013, the derivative gain was $4,217.