NOTE 6. RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2016

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE 6.  RELATED PARTY TRANSACTIONS

We have an agreement with NSO, which is 100% owned by our Chief Executive Officer, William Donovan, M.D., to provide technology services as an independent contractor at the Houston and Odessa diagnostic centers. For the quarter ended June 30, 2016 and 2015, we expensed $128,624 and $146,541 related to services provided by NSO.  For the six months ended June 30, 2016 and 2015 we expensed $298,862 and $272,319, respectively.  As of June 30, 2016 and December 31, 2015, we had balances payable to NSO of $0 and $29,400, respectively. Amounts outstanding are non-interest bearing, due on demand and do not follow any specific repayment plan. We do not directly pay Dr. Donovan (in his individual capacity as a physician) any fees in connection with NSO. However, Dr. Donovan is the sole owner of NSO, and we pay NSO under the terms of our agreement.  

During the three and six months ended June 30, 2016, we issued 200,000 and 300,000 shares of our common stock to Peter Dalrymple, our director, under the terms of a financing agreement to assist us in obtaining a line of credit. We recognized consulting expense of $30,000 and $60,000 during the three and six months ended June 30, 2016 in connection with the agreement.  As discussed in Note 5, we issued 100,000 shares during the three months ended June 30, 2016 which vested during the fourth quarter of 2015 and, accordingly, the associated expense of $30,000 was recognized during 2015.