Note 12 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

12. Commitments and Contingencies

Lease commitment

Our executive and administrative offices are located at 4134 Business Park Drive, Amarillo, Texas in a 1,800 square-foot facility rented by the Company. The lease expires on June 30, 2016 and our monthly rent is $1,045 per month. During the years ended December 31, 2015 and 2014, the Company incurred $13,585 and $11,675 in rent expense, respectively. We believe that the facilities are well maintained and generally suitable and adequate for our current and projected operating needs. This lease was affirmed by the Company as shown in the (Chapter 11) Disclosure Statement filed February 21, 2014, and approved on March 27, 2014.

Clinical Trial Costs

The Company currently has no ongoing studies, so there are no obligations to pay third parties in 2015 for expenses related to clinical studies.

Litigation

The Company is not a party to any litigation and is not aware of any pending litigation or unasserted claims or assessments as of December 31, 2015.