Note 5 - Common Stock

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

5.

Common Stock. The shareholders have authorized 100,000,000 shares of voting common shares for issuance. On June 30, 2020, a total of 49,662,450 shares of common stock were either issued ( 40,916,351 ), reserved for conversion of convertible debt to stock ( 3,529,417 ), issuance to two Company officers as compensation ( 453,726 ), one Company employee ( 6,309 ), held for future compensation issue to a consultant ( 99,647 ), and held for future exercise of nonqualified options ( 4,657,000 ).

We have not paid any dividends to our common stock shareholders to date, and have no plans to do so in the immediate future.