Note 10 - Subsequent Events

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Subsequent Events [Text Block]

Note

10.

Subsequent Events

Management has evaluated subsequent events through the date of the filing of this Annual Report and management noted the following for disclosure.

Unit Offering

During the

three

months ended

March

31,

2017,

we received

$125,000

and issued unsecured convertible promissory notes to

five

investors pursuant to our Unit Offering (see Note

5).

The notes mature

December

31,

2019,

accrue interest at a rate of

12%

per annum, and are convertible at the Unit price of

$0.70.

Each investor, for no additional consideration, received a Series A stock purchase warrant to purchase

219,298

shares of common stock. (See Note

7.)

Conversion of Notes due

July

8,

2017

On

January

13,

2017,

the holders of the notes maturing

July

8,

2017,

in the aggregate principal amount of

$280,000

(see Note

4),

exercised their right to convert their notes into

640,889

shares of our common stock.