Stock Warrants

3 Months Ended

Mar. 31, 2016

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

9. Stock Warrants

Stock Warrant activity for the quarter ended March 31, 2015 consisted of:

	2015
			Weighted
	Number of		Average
	Warrants		Exercise Price
Balance at January 1,		84,000	$	1.21
Changes during the period:
Stock warrants granted		-		-
Stock warrants expired		-		-
Stock warrants exercised		-		1.21
Balance at March 31,		84,000	$	1.21

In connection with the private placement of the Company’s common stock on December 8, 2010, the Company granted common stock warrants to purchase up to 338,182 and 16,364 shares, respectively, to each of its two placement agents for $1.21 per share which expired on December 8, 2015. There are no stock warrants outstanding as of March 31, 2016.