Note 13 - Subsequent Event

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Subsequent Events [Text Block]

NOTE

1

3

 - SUBSEQUENT EVENT

The Company’s management reviewed material events through

March 29, 2019. 

 On

February 25, 2019,

the Company issued a total of

146,405

shares of restricted stock valued at

$82,595

for services provided by the Board of Directors. The Company recognized the non-cash compensation during the period ending

December 31, 2018.

The shares vested immediately.

On

February 25, 2019,

the Company issued

36,232

shares of restricted stock valued at

$75,000

as a bonus related to the employment agreement with the CEO, Mr. Sune Mathiesen.

On

January 16,

January 22,

February 4

and

February 14, 2019

respectively, the Company issued a total of

180,000

shares in connection with employees exercising shares in relation to the stock option plan entered in

2015.

The shares were issued at a share price of

$0.74

and generated net proceeds of

$133,200.