Note 6 - Convertible Debt (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

Convertible Debt [Table Text Block]

Note	Issue Date	Maturity Date	Conversion Price		Interest Rate			Total Principal
2016 Convertible Notes	9/27/2016	9/27/2017	$	3.50		6.00	%	$	1,880,000
Series B Note	3/15/2011	6/30/2018	$	2.74		1.00	%		550,000
Total principal amount								$	2,430,000

Schedule of Debt Conversions [Table Text Block]

Convertible Note Series	Principal		Accrued Interest		Total Principal and Accrued Interest
B	$	20,000	$	962	$	20,962
C		425,000		14,538		439,538
E		50,000		770		50,770
F		200,000		225		200,225
Total	$	695,000	$	16,495	$	711,495