Stock Options and Warrants

12 Months Ended

Dec. 31, 2015

Stock Options and Warrants [Text Block]

Note 10 - Stock Options and Warrants

Stock Options

The following is a summary of the Company’s stock option activity for the years ended December 31, 2015 and 2014:

				Weighted
				Average
				Exercise		Aggregate
	Options			Price		Intrinsic
	Outstanding			Price		Value
Outstanding at December 31, 2013	90,000		$	0.95	$	-
Granted	-
Canceled/ Expired	(30,000	)		1.25
Exercised	-
Outstanding at December 31, 2014	60,000		$	0.80	$	-
Granted	-
Canceled/ Expired	-
Exercised	-
Outstanding at December 31, 2015	60,000		$	0.80	$	-
Exercisable at December 31, 2015	60,000		$	0.80	$	-

The number and weighted average exercise prices of all options outstanding as of December 31, 2015, are as follows:

Options Outstanding
				Weighted
			Weighted	Average
	Number		Average	Remaining
Range of	Outstanding		Exercise	Contractual Life
Exercise Price	December 31, 2015		Price	(Years)
$0.80	60,000	$	0.80	0.94
	60,000

The number and weighted average exercise prices of all options exercisable as of December 31, 2015, are as follows:

Options Exercisable
				Weighted
			Weighted	Average
	Number		Average	Remaining
Range of	Outstanding		Exercise	Contractual Life
Exercise Price	December 31, 2015		Price	(Years)
$0.80	60,000	$	0.80	0.94
	60,000