NOTE 7 - DERIVATIVE LIABILITIES AND FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Items recorded or measured at fair value on a recurring basis in the accompanying financial statements consisted of the following items as of June 30, 2017 and December 31, 2016:

		June 30, 2017				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Derivative liability		$	338,187			$	—			$	—			$	338,187

	December 31, 2016				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Derivative liability		$	1,301,138			$	—			$	—			$	1,301,138

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities for the three months ended June 30, 2017:

Balance, January 1, 2017	$	1,301,138
Transfers out due to warrant exercise		(610,966	)
Mark to market to June 30, 2017		(351,985	)
Balance, June 30, 2017	$	338,187
Gain on change in warrant liabilities for the six months ended June 30, 2017	$	351,985