Note 14 - Shareholders' Deficit Stock Activity

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE

14

– SHAREHOLDERS’ DEFICIT / STOCK ACTIVITY

The Company is authorized to issue an unlimited number of common shares and an unlimited number of special voting shares. Common shares have

no

stated par value.

On

December 11, 2017,

CEN entered into a share repurchase agreement with the Company's President, pursuant to which the Company repurchased from Mr. Chaaban

99,286

shares of special voting stock in the capital of the Company, at a purchase price in the aggregate amount of

$9.93.

Each share of the special voting stock was entitled to

500

votes. Accordingly, all of the special voting stock owned by Mr. Chaaban has been redeemed and retired.

As of

December 31, 2018,

4,606,527

shares of common stock are committed to the holders of the convertible notes.

On

November 27, 2018,

the Company executed a share repurchase agreement with James Robinson, pursuant to which the Company repurchased from Mr. Robinson

714

shares of special voting stock in the capital of the Company, at a purchase price in the aggregate amount of

$0.07.

The title of the class of such shares is “Special Voting” shares of the Company. Each such share of capital stock was entitled to

500

votes. Accordingly, all of this class of special voting stock, which was the only special voting stock of the Company, has been redeemed, retired and cancelled.