Note 5 - Capital Transactions

3 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

Note 5 – Capital Transactions

Sale of Common Stock and Warrants

On May 9, 2022 the Company entered into a Placement Agent's Agreement with its brokers for the private placement of up to $565,000 in units at a price of $0.03 per unit. For each unit purchased, the investor will receive one share of the Company's common stock and one warrant to purchase one share of the Company's common stock at a price of $0.10 for a period of five years. During the three months ended June 30, 2022, the Company received $108,750 under the private placement, net of brokerage fees of $16,250, and issued 4,168,334 shares of its common stock and 4,168,334 warrants to purchase one share of the Company's common stock at $0.10 for five years.