Note 7 - Subsequent Events

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Subsequent Events [Text Block]

7. Subsequent Events

On

October 6, 2017,

Stephen T. Chen, CEO, and Bernard Cohen, CFO/VP, received

68,731

shares of common stock and

9,164

shares of common stock, respectively, as payment of a

Q3

2017

stock bonus totaling

$21,250.

The stock was issued at a price of

$.2728

per share.

$21,250

was accrued and recognized as stock compensation expense for the quarter ended

September 30, 2017.

On

October 26, 2017,

the Board of Directors unanimously approved a Consent Resolution authorizing the Company to amend the Private Placement

2016

-

2

offering to be extended through

April 26, 2018

and to offer an additional

5,000,000

shares at a price of

$.1875

per share. This amendment increased the aggregate offering amount to

$2,812,500.

On

October 31, 2017,

the Company filed the requisite Form D disclosing the amendment.