Note 7 - Stock Options and Stock Warrants

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Share-based Payment Arrangement [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.   On September 30, 2019, the Company adopted Rolling Stock Option Plan. Up to 10% of the Company’s issued and outstanding common shares may be reserved for granting of stock options. The Company has reserved up to 6,702,257 options to grant under the Plan based on the fee calculation table. The 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, 2019 and 2018, the Company had no options granted, issued, exercised or outstanding.   During the years ended December 31, 2019 and 2018, the Company had no warrants granted, issued, exercised or outstanding.