Quarterly report pursuant to Section 13 or 15(d)

NOTE 7: EQUITY TRANSACTIONS (Tables)

v3.5.0.2
NOTE 7: EQUITY TRANSACTIONS (Tables)
9 Months Ended
Sep. 30, 2016
Stockholders' Equity Note [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] A summary of common stock option activity for the nine months ended September 30, 2016 is as follows:

 
       
Weighted
   
Weighted
 
 
       
Average
   
Average
 
 
 
Options
   
Exercise Price
   
Remaining Term
 
Outstanding - December 31, 2015
   
714,286
   
$
4.68
     
3.48
 
Granted
   
-
     
-
     
-
 
Expired
   
(28,573
)
   
8.40
     
-
 
Exercised
   
-
     
-
     
-
 
Outstanding – September 30, 2016
   
685,713
   
$
4.52
     
2.87
 
 
                       
Exercisable – September 30, 2016
   
685,713
   
$
4.52
     
2.87
 
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] The following table presents the common stock warrant activity during the nine months ended September 30, 2016:

 
       
Weighted
   
Weighted
 
 
       
Average
   
Average
 
 
 
Warrants
   
Exercise Price
   
Remaining Term
 
Outstanding - December 31, 2015
   
6,889,891
   
$
0.43
     
4.05
 
Granted
   
381,198
     
0.11
     
-
 
Forfeited/canceled
   
-
     
-
     
-
 
Exercised
   
-
     
-
     
-
 
Outstanding – September 30, 2016
   
7,271,089
   
$
0.41
     
3.36
 
 
                       
Exercisable – September 30, 2016
   
7,271,089
   
$
0.41
     
3.36