Note 16 - Subsequent event

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Subsequent Events [Text Block]

16.

  Subsequent events:

In

March 2020

the World Health Organization declared coronavirus COVID-

19

a global pandemic. This contagious disease outbreak, which has continued to spread, and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, potentially leading to an economic downturn. It has also disrupted the normal operations of many businesses, including the Company's. In early

March 2020,

the Company employees commenced working from home and commenced social distancing. This outbreak could decrease spending, adversely affect demand for the Company's product and harm the Company's business and results of operations. It is

not

possible for the Company to predict the duration or magnitude of the adverse results of the outbreak and its effects on the Company's business or results of operations at this time.

Subsequent to the quarter ended

March 31, 2020,

the Company was granted a loan of

$28,226

(

CAD$40,000

) under the Canada Emergency Business Account (CEBA) loan program for small businesses. The CEBA loan program is

one

of the many incentives the Canadian Government put in place in response to COVID-

19.

The loan is interest free and a quarter of the loan  

$7,057

(

CAD$10,000

) is eligible for complete forgiveness if

$21,170

(

CAD$30,000

) is fully repaid on or before

December 31, 2022.

If the loan cannot be repaid by

December 31, 2022,

it can be converted into a

3

-year term loan charging an interest rate of

5%.