Annual report pursuant to Section 13 and 15(d)

NOTE 7: EQUITY TRANSACTIONS (Tables)

v3.7.0.1
NOTE 7: EQUITY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2016
Stockholders' Equity Note [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table presents the stock option activity during the years ended December 31, 2016 and 2015:

 
       
Weighted
 
 
       
Average
 
 
 
Options
   
Exercise Price
 
Outstanding - December 31, 2014
   
714,286
   
$
4.68
 
    Granted
   
-
     
-
 
    Forfeited/canceled
   
-
     
-
 
    Exercised
   
-
     
-
 
Outstanding - December 31, 2015
   
714,286
   
$
4.68
 
    Granted
   
-
     
-
 
    Forfeited/canceled/expired
   
28,573
     
8.40
 
    Exercised
   
-
     
-
 
Outstanding - December 31, 2016
   
685,713
   
$
4.52
 
 
               
Exercisable – December 31, 2015
   
714,286
   
$
4.68
 
Exercisable – December 31, 2016
   
685,713
   
$
4.52
 
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
The following table presents the stock warrant activity during the years ended December 31, 2016 and 2015:

 
       
Weighted
 
 
       
Average
 
 
 
Warrants
   
Exercise Price
 
Outstanding - December 31, 2014
   
4,529,434
   
$
0.60
 
  Granted
   
2,360,457
     
0.11
 
  Exercised
   
-
     
-
 
Outstanding - December 31, 2015
   
6,889,891
     
0.43
 
  Granted
   
424,532
     
0.14
 
 Exercised
   
-
     
-
 
Outstanding – December 31, 2016
   
7,314,423
     
0.41
 
 
               
Exercisable – December 31, 2015
   
6,889,891
   
$
0.60
 
Exercisable – December 31, 2016
   
7,314,423
   
$
0.41