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Note 10 - Stock Options and Warrants
12 Months Ended
Dec. 31, 2015
Stock Option And Warrants [Abstract]  
Stock Option And Warrants [Text Block]

10. Stock Options and Warrants


Stock Options:


During 2015 and 2014, no options were issued to consultants.


Directors, officers and consultants exercised no options in 2015 or 2014.Stock option activity for the year ended December 31, 2015 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, 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  
                                 

Outstanding at December 31, 2014 (Successor)*

    81,726     $ 0.96       1.68     $ 78,140  

Options granted

    -       -       -       -  

Options exercised

    -       -       -       -  

Options cancelled/expired

    (73,158

)

    0.96       -       (70,000 )

Outstanding at December 31, 2015 (Successor)*

    8,568     $ 0.95       0.82     $ 8,140  
                                 

Vested at December 31, 2015 (Successor)

    8,568     $ 0.95       0.82     $ 8,140  

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


Stock warrants:


No warrants were exercised in 2015 or 2014.


A summary of the Company's stock warrant activity and related information for the year ended December 31, 2015 and periods ended November 20, 2014 and December 31, 2014 is as follows:


   

Successor

   

Predecessor

 
   

December 31, 2015

   

December 31, 2014

   

November 20, 2014

 
   

Warrants

   

Price

   

Warrants

   

Price

   

Warrants

   

Price

 

Outstanding Beg. of Year*

    52,632     $ 0.57       52,632     $ 0.57       120,395     $ 0.57-0.76  

Granted

    -       -       -       -       -       -  

Cancelled/Expired

    52,632       0.57               -       (67,763 )     (0.76 )

Exercised

    -       -       -       -       -       -  

Outstanding End of Year*

    -     $ -       52,632     $ 0.57       52,632     $ 0.57  

Exercisable End of Year*

    -     $ -       52,632     $ 0.57       52,632     $ 0.57