Note 12 - Mezzanine Equity

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Mezzanine Equity [Text Block]

12. Mezzanine Equity

A discussion of the Company's Mezzanine equity can be found in the Company's annual financial statements for the fiscal year ended

December 31, 2016

which have been filed with the Securities and Exchange Commission on Form

20

-F on

March 14, 2017.

The following table summarizes the activity in mezzanine equity since

December 31, 2016:

Series B convertible preferred stock	Total
Balance December 31, 2016	1,741
Conversions of Series B convertible preferred stock to common stock	(1,372)
Balance June 30, 2017	369

During the period ended

June 30, 2017

the Company issued

23,331

common shares upon the conversion of

1,660

Series B convertible preferred shares. As of

June 30, 2017

there are

446

Series B convertible preferred stock outstanding, pursuant to conversions of Series B convertible preferred stock to common stock from

February 6

to

June 30, 2017.