Note 11 - Income Taxes

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Income Tax Disclosure [Text Block]

NOTE

11

– INCOME TAXES

As of

December

31,

2016,

the Company has net operating loss carry forwards of approximately

$3,120,000

that

may

be available to reduce future years’ taxable income. Future tax benefits which

may

arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

No

provision was made for income tax for the years ended

December

31,

2016

and

2015.