Note 5 - Subsequent Events

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Subsequent Events [Text Block]

5 . SUBSEQUENT EVENTS    

In early

2020,

a coronavirus that causes COVID-

19

emerged globally, which is currently affecting the global economies and has a resulting effect on the Company.  Therefore, while the Company expects this matter to negatively impact the Company's financial condition, results of operations, or cash flows, the extent of the financial impact and duration cannot be reasonably estimated at this time.

On

April 20, 2020,

the Company announced the planned expansion of its suite of data security products through the acquisition of

100%

of the shares of OCL Technologies Corp. Consideration for the acquisition of OCL is

12,500,000

common shares of the Company and

12,500,000

share purchase warrants exercisable for a period of

five

years from date of issuance. The share purchase warrants are exercisable only upon specific performance criteria being met. Completion of the Acquisition and the convertible debenture offering are subject to receipt of applicable regulatory approvals including acceptance by the TSX Venture Exchange ("TSXV") which was received on

May

5th

,2020.