Note 14 - Subsequent Events

3 Months Ended

Mar. 31, 2016

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 14: SUBSEQUENT EVENTS

Subsequent to March 31, 2016 the Company repaid $800,000 on its revolving Line of Credit.

Subsequent to March 31, 2016 the final Series A shareholder accepted the Exchange Offer. As a result, 150,000 shares of the 5% Series A Preferred Shares have been cancelled, 600,000 shares of common stock have been issued and $102,916 of accrued and unpaid dividends on the 5% Series A Preferred Shares have been waived by the exchanging shareholder.

Subsequent to March 31, 2016, three employees exercised options that had been granted to the employees. As a result 1,004,606 common shares were issued to the employees and the Company received $125,000.