Note 11 - Commitments and Contingencies	12 Months Ended
Dec. 31, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	11 . 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, 2018 and our monthly rent is $1,090 per month. During the years ended December 31, 2017 and 2016, the Company incurred $12,960 and $12,715 in rent expense, respectively. The Company shares office space with ACTS Global Healthcare, Inc. in Taipei, Taiwan. The lease expires on October 31, 2018 and our monthly rent is NTD (New Taiwan Dollars) $65,000 per month. During the years ended December 31, 2017 and 2016, the Company incurred $21,774 and $41,889 in rent expense, respectively. 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, 2017. Officer Compensation On March 28, 2018, the Company entered into employment contracts with Stephen T Chen, the Company’s President and CEO; and with Bernard Cohen, the Company’s Vice-President and CFO. The contracts are identical except for job descriptions, duties and titles, and compensation amounts. The contracts are for a three -year term, subject to earlier termination by the Company for certain acts of Employee constituting illegality or breach of fiduciary duty. Compensation for Dr. Chen is set at $240,000 per annum in cash, payable bi-monthly, and $100,000 per annum payable in shares of the Company’s unregistered, voting common stock. Compensation for Mr. Cohen is set at $70,000 per annum in cash, payable bi-monthly, and $12,000 per annum payable in shares of the Company’s unregistered, voting common stock. Compensation under each contract may be adjusted by the Company in certain cases involving disability of the employee, and the contracts may be terminated by the Company in the event of an employee’s permanent and total disability. Each contract provides that the Employee shall devote his entire productive time, ability, attention and energies to the business of the Company. In addition, the contracts protect the property rights of the Company, including inventions and other intellectual property, trade secrets, and proprietary information. The contracts also prohibit Employee from competing directly or indirectly with the business of the Company or its controlled subsidiaries, both during the term of the contracts, and continuing for a period of three years after termination of the contracts. Employees are permitted, however, to invest without restriction in professionally managed mutual funds, and to purchase and own stock and other securities as long as the affected Employee is not directly or indirectly an affiliate of the issuer of such stock or other securities.

. 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, 2018

and our monthly rent is

$1,090

per month. During the years ended

December 31, 2017

and

2016,

the Company incurred

$12,960

and

$12,715

in rent expense, respectively.

The Company shares office space with ACTS Global Healthcare, Inc. in Taipei, Taiwan. The lease expires on

October 31, 2018

and our monthly rent is NTD (New Taiwan Dollars)

$65,000

per month. During the years ended

December 31, 2017

and

2016,

the Company incurred

$21,774

and

$41,889

in rent expense, respectively.

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, 2017.

Officer

Compensation

March 28, 2018,

the Company entered into employment contracts with Stephen T Chen, the Company’s President and CEO; and with Bernard Cohen, the Company’s Vice-President and CFO. The contracts are identical except for job descriptions, duties and titles, and compensation amounts. The contracts are for a

three

-year term, subject to earlier termination by the Company for certain acts of Employee constituting illegality or breach of fiduciary duty. Compensation for Dr. Chen is set at

$240,000

per annum in cash, payable bi-monthly, and

$100,000

per annum payable in shares of the Company’s unregistered, voting common stock. Compensation for Mr. Cohen is set at

$70,000

per annum in cash, payable bi-monthly, and

$12,000

per annum payable in shares of the Company’s unregistered, voting common stock. Compensation under each contract

may

be adjusted by the Company in certain cases involving disability of the employee, and the contracts

may

be terminated by the Company in the event of an employee’s permanent and total disability.

Each contract provides that the Employee shall devote his entire productive time, ability, attention and energies to the business of the Company. In addition, the contracts protect the property rights of the Company, including inventions and other intellectual property, trade secrets, and proprietary information. The contracts also prohibit Employee from competing directly or indirectly with the business of the Company or its controlled subsidiaries, both during the term of the contracts, and continuing for a period of

three

years after termination of the contracts. Employees are permitted, however, to invest without restriction in professionally managed mutual funds, and to purchase and own stock and other securities as long as the affected Employee is

not

directly or indirectly an affiliate of the issuer of such stock or other securities.