Quarterly report pursuant to Section 13 or 15(d)

NOTE 12 - SUBSEQUENT EVENTS

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NOTE 12 - SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
NOTE 12 – SUBSEQUENT EVENTS

On July 11, 2017 the Company issued 19,844 shares of its common stock in exchange for 20 shares of the Company’s Series C Preferred Stock and accrued dividends.

On July 13, 2017, the Company issued an aggregate of 160,000 shares of its common stock and warrants to purchase 80,000 shares of our common stock at $1.50, expiring three years from issuance for common stock subscriptions previously received.

On July 13, 2017, the Company entered into securities purchase agreements with investors, pursuant to which the Company received from subscriptions for the purchase of 107,002 shares of the Company’s common stock and warrants to purchase 53,500 shares of our common stock at $1.50, expiring three years from issuance, for aggregate net cash proceeds of $160,425. The shares of common stock were issued on July 13, 2017.

In July 21, 2017, the Company issued 15,000 shares of its common stock in payment of vested restricted share units. 

On August 1, 2017, the Company entered into securities purchase agreements with investors, pursuant to which the Company received from subscriptions for the purchase of 230,944 shares of the Company’s common stock and warrants to purchase 115,472 shares of our common stock at $1.50, expiring three years from issuance, for aggregate net cash proceeds of $346,227.