SUBSEQUENT EVENT - CONTINGENCY - NON-COMPLIANCE WITH SECURITIES AND EXCHANGE COMMISSION REPORTING REQUIREMENTS AND OTCQB MARKET REQUIREMENTS

12 Months Ended

Dec. 31, 2015

Subsequent Events [Text Block]

11.

SUBSEQUENT EVENT - Contingency – Non-Compliance with Securities and Exchange Commission Reporting Requirements and OTCQB Market Requirements.

Our current level of funds available for operation has led to additional cost cutting, which included the decision to not engage an independent public accountant to audit and express an opinion on our December 31, 2015 financial statements included in this Annual Report on Form 10-K, as required by current SEC rules and regulations, and as required to be listed on the OTCQB Market. We cannot currently predict the response to this action by the SEC or the OTCQB Market, nor the effects of their action, on the continued financial viability of the Company or the trading of its common stock. The decision to not engage an independent public accountant to audit and express an opinion on our December 31, 2015 financial statements could have a material adverse effect on the Company and its Stockholders.