Note 7 - Discontinued Operations

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

7.

     Discontinued operations

Effective

December

31,

2014,

the Company sold the www.bingo.com domain name to Unibet Group plc. for cash consideration of

$2,000,000

and redemption of the

15,000,000

common shares of the Company, which were held by Unibet Group plc, at a price of

$0.40

per share. The

15,000,000

common shares held by Unibet have been returned to the Company’s treasury and were cancelled.

In addition, the Company disposed its online bingo business to Unibet Group plc. The Company recognized the residual gain on the sale of the online bingo business of

$16,305

received during the year ended

December

31,

2015.