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SELECTED QUARTERLY INFORMATION (UNAUDITED)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Data [Abstract]  
Quarterly Financial Information [Text Block]
NOTE 11. SELECTED QUARTERLY INFORMATION (UNAUDITED)
 
The following table presents summarized unaudited quarterly financial data for each of the four quarters in the year ended December 31, 2015 and for the period from May 30, 2014 (inception) through December 31, 2014. The data has been derived from our unaudited financial statements that, in management's opinion, include all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of such information when read in conjunction with the Financial Statements and Notes thereto. The results of operations for any quarter are not necessarily indicative of the results of operations for any future period.
 
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Year ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
 
$
195,089
 
$
1,894,968
 
$
715,863
 
$
724,525
 
Unrealized loss on securities
 
$
-
 
$
-
 
$
(6,280)
 
$
(4,001)
 
Interest income
 
$
8,802
 
$
4,346
 
$
1,372
 
$
-
 
Net loss
 
$
(186,287)
 
$
(1,890,622)
 
$
(720,771)
 
$
(728,526)
 
Basic and diluted loss per share
 
$
(0.07)
 
$
(0.71)
 
$
(0.25)
 
$
(0.25)
 
 
 
 
First
 
Second
 
Third
 
Fourth
 
 
 
Quarter
 
Quarter
 
Quarter
 
Quarter
 
  Period from May 30, 2014 (inception) through December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses
 
$
-
 
$
403
 
$
3,144
 
$
137,982
 
Net loss
 
$
-
 
$
(403)
 
$
(3,144)
 
$
(137,982)
 
Basic and diluted loss per share
 
$
-
 
$
(0.00)
 
$
(0.00)
 
$
(0.06)