Note 7 - Stock Options and Stock Warrants

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

7. STOCK OPTIONS and STOCK WARRANTS: The Company has a stock option plan under which options to purchase shares of common stock may be granted to certain officers, directors and service providers.   In April 2014, the Company adopted a new Stock Option Plan (the “2014 Plan”). The 2014 Plan authorizes the issuance of up to 1,250,000 of the Company's common shares, subject to adjustment under certain circumstances.  The Company is listed on the TSX Venture Exchange (" TSX ") and is subject to a limitation on the number of options a company may have. The 2014 Plan provides for the issuance of both incentive stock options and nonqualified options as those terms are defined in the Internal Revenue Code of 1986 , as amended (the " Code ").   During the years ended December 31, 2017 and 2016, the Company had no options granted, issued, exercised or outstanding.   The following table summarizes information about warrants outstanding at December 31, 2017.

Year ended	2017				2016
December 31,
	Number of		Range of		Number of		Range of
	Warrants		Exercise Price (CND)		Warrants		Exercise Price (CND)
Outstanding at beginning of year		464,000		$0.07		464,000		$0.07
Issued		-		N/A		-		N/A
Exercised		-		N/A		-		N/A
Expired		464,000		N/A		-		N/A
Outstanding at end of year		-		N/A		464,000		$0.07

Warrants issued in

October 2015

have a contractual life of

two

years from date of issuance.