Note 12 - Correction of Immaterial Misstatement to Prior Period Financial Statements	12 Months Ended
Dec. 31, 2018
Notes to Financial Statements
Accounting Changes and Error Corrections [Text Block]	NOTE 12 – CORRECTION OF IMMATERIAL MISSTATEMENT TO PRIOR PERIOD FINANCIAL STATEMENTS During fiscal 2018, the Company identified certain warrants issued in 2016 and 2017, which were incorrectly recognized as expense in 2017 when the warrants vested. As a result, investors stock compensation expense and additional paid-in capital were overstated by $2,150,097 for the year ended December 31, 2017. Also during fiscal 2018, the Company identified that employee stock compensation expense was incorrectly recognized in 2017. As a result, employee stock compensation expenses and additional paid-in capital were understated by $406,522 for the year ended December 31, 2017. Lastly during fiscal 2018, the Company identified that certain nonqualified stock options were excluded from the Company’s tax provision calculation in 2017. As a result, deferred tax assets and the valuation allowance on these assets were understated by $767,000 as of December 31, 2017. Based on an analysis of Accounting Standards Codification (“ASC”) 250 – “Accounting Changes and Error Corrections” (ASC 250” ), Staff Accounting Bulletin 99 – “Materiality” (“SAB 99” ) and Staff Accounting Bulletin 108 – Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements (“SAB 108” ), the Company determined that these costs were immaterial to the previously-issued financial statements. The Company analyzed and considered all relevant quantitative and qualitative factors and determined that the prior fiscal year financial statements should be corrected, even though such revision previously was and continues to be immaterial to the prior year financial statements. Management also determined that such correction to prior fiscal year financial statement for immaterial misstatements would not require previously filed reports to be amended and that such corrections may be made the next time the Company files the prior year financial statements. Accordingly, the Company restated its presentation of general and administrative, sales and marketing, and operating expenses as well as retained earnings and additional paid-in capital in the consolidated financial statements for the year ended December 31, 2018 to reflect such corrections as if they had been recorded in the appropriate fiscal period as of December 31, 2017. Specifically, the adjustments were reflected and corrected in the last quarter of 2017 for the period ended December 31, 2017, by reducing investors stock compensation expense under general and administrative expenses and reducing additional paid-in capital by $ 2,150,097 ; and, by increasing employee stock compensation expenses under general and administrative, selling and operating expense and increasing additional paid-in capital by a total of $ 406,522 on the comparative balance sheet for the period ended December 31, 2017. In addition, the Company restated Note 4 – Stockholders’ Equity (Deficit), Stock Options and Warrants, and Note 8 – Income Taxes, to reflect the impact of these restatements on the footnote disclosures as of and for the year ended December 31, 2017.

NOTE

– CORRECTION OF IMMATERIAL MISSTATEMENT TO PRIOR PERIOD FINANCIAL STATEMENTS

During fiscal

2018,

the Company identified certain warrants issued in

2016

and

2017,

which were incorrectly recognized as expense in

2017

when the warrants vested. As a result, investors stock compensation expense and additional paid-in capital were overstated by

$2,150,097

for the year ended

December 31, 2017.

Also during fiscal

2018,

the Company identified that employee stock compensation expense was incorrectly recognized in

2017.

As a result, employee stock compensation expenses and additional paid-in capital were understated by

$406,522

for the year ended

December 31, 2017.

Lastly during fiscal

2018,

the Company identified that certain nonqualified stock options were excluded from the Company’s tax provision calculation in

2017.

As a result, deferred tax assets and the valuation allowance on these assets were understated by

$767,000

as of

December 31, 2017.

Based on an analysis of Accounting Standards Codification (“ASC”)

250

– “Accounting Changes and Error Corrections” (ASC

250”

), Staff Accounting Bulletin

– “Materiality” (“SAB

99”

) and Staff Accounting Bulletin

108

– Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements (“SAB

108”

), the Company determined that these costs were immaterial to the previously-issued financial statements. The Company analyzed and considered all relevant quantitative and qualitative factors and determined that the prior fiscal year financial statements should be corrected, even though such revision previously was and continues to be immaterial to the prior year financial statements. Management also determined that such correction to prior fiscal year financial statement for immaterial misstatements would

not

require previously filed reports to be amended and that such corrections

may

be made the next time the Company files the prior year financial statements.

Accordingly, the Company restated its presentation of general and administrative, sales and marketing, and operating expenses as well as retained earnings and additional paid-in capital in the consolidated financial statements for the year ended

December 31, 2018

to reflect such corrections as if they had been recorded in the appropriate fiscal period as of

December 31, 2017.

Specifically, the adjustments were reflected and corrected in the last quarter of

2017

for the period ended

December 31, 2017,

by reducing investors stock compensation expense under general and administrative expenses and reducing additional paid-in capital by

2,150,097

;

and, by increasing employee stock compensation expenses under general and administrative, selling and operating expense and increasing additional paid-in capital by a total of

406,522

on the comparative balance sheet for the period ended

December 31, 2017.

In addition, the Company restated Note

– Stockholders’ Equity (Deficit), Stock Options and Warrants, and Note

– Income Taxes, to reflect the impact of these restatements on the footnote disclosures as of and for the year ended

December 31, 2017.