Quarterly report pursuant to Section 13 or 15(d)

NOTE 7: EQUITY TRANSACTIONS (Tables)

v3.7.0.1
NOTE 7: EQUITY TRANSACTIONS (Tables)
3 Months Ended
Mar. 31, 2017
Stockholders' Equity Note [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of common stock option activity for the three months ended March 31, 2017 is as follows:

 
       
Weighted
   
Weighted
 
 
       
Average
   
Average
 
 
 
Options
   
Exercise Price
   
Remaining Term
 
Outstanding - December 31, 2016
   
685,713
   
$
4.52
     
2.62
 
Granted
   
-
     
-
     
-
 
Expired
   
-
     
-
     
-
 
Exercised
   
-
     
-
     
-
 
Outstanding – March 31, 2017
   
685,713
   
$
4.52
     
2.37
 
 
                       
Exercisable – March 31, 2017
   
685,713
   
$
4.52
     
2.37
 
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
The following table presents the common stock warrant activity during the three months ended March 31, 2017:

 
       
Weighted
   
Weighted
 
 
       
Average
   
Average
 
 
 
Warrants
   
Exercise Price
   
Remaining Term
 
Outstanding - December 31, 2016
   
7,314,423
   
$
0.60
     
3.12
 
Granted
   
72,497
     
0.15
     
4.99
 
Forfeited/canceled
   
-
     
-
     
-
 
Exercised
   
-
     
-
     
-
 
Outstanding – March 31, 2017
   
7,386,920
   
$
0.41
     
2.89
 
 
                       
Exercisable – March 31, 2017
   
7, 386,920
   
$
0.41
     
2.89