NOTE 8 EQUITY TRANSACTIONS (Tables)

3 Months Ended

Mar. 31, 2017

Disclosure Text Block Supplement [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The Company estimated the fair value of the stock options at the date of grant, based on the following weighted average assumptions:

Risk-free interest rate	1.43% to 1.99			%
Expected life	5 years
Expected volatility		98.38% to 101.86		%
Dividend yield			0.00	%

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the status of the Company’s outstanding options as of March 31, 2017 and changes during the three months then ended, is presented below:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
As of December 31, 2016		20,715,000		$	0.143		2.08	$	261,220
Granted		5,900,000			0.102
Expired and canceled		(5,050,000	)		0.230
Exercised		-			-
As of March 31, 2017		21,565,000			0.111		4.42	$	91,695
Exercisable		21,140,000			0.111		4.43		91,695