NOTE 9 - WARRANTS (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of Warrants or Rights, Shares Authorized, by Exercise Price Range [Table Text Block]

Warrants outstanding and exercisable at June 30, 2017 are as follows:

Warrants Outstanding							Warrants Exercisable
					Weighted
					Average		Exercisable
Exercise			Number of		Remaining Life		Number of
Price			Warrants		In Years		Warrants
	$	0.40		287,500		0.24		287,500
		0.50		936,670		3.60		936,670
		0.60		50,000		2.78		50,000
		0.83		100,000		3.55		100,000
		0.90		5,070,002		2.23		5,070,002
		1.00		796,000		0.43		796,000
		1.06		146,200		1.48		146,200
		3.00		407,475		1.36		407,475
				7,793,847		2.09		7,793,847

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

A summary of the warrant activity for the six months ended June 30, 2017 is as follows

						Weighted-Average
				Weighted-Average		Remaining		Aggregate
	Shares			Exercise Price		Contractual Term		Intrinsic Value
Outstanding at December 31, 2016		15,448,056		$	0.81		2.4		4,225,936
Grants		—							—
Exercised		(7,238,668	)		0.68
Expired		(415,541	)		0.40
Outstanding at June 30, 2017		7,793,847		$	0.95		2.1	$	111,626

Vested and expected to vest at June 30, 2017		7,793,847		$	0.95		2.1	$	111,626
Exercisable at June 30, 2017		7,793,847		$	0.95		2.1	$	111,626

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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