Note, Warrant, & Common Stock Purchase Agreement

9 Months Ended

Sep. 30, 2015

Note, Warrant And Common Stock Purchase Agreement [Abstract]

Note, Warrant And Common Stock Purchase Agreement [Text Block]

Note 9. Note, Warrant, & Common Stock Purchase Agreement

In June 2014, the Company sold in a private offering, an aggregate of 650,000 common shares for gross proceeds of approximately $1,600,000. The purchasers were three members of the Board of Directors. In October 2014, the Company issued an aggregate of $1,000,000 of 3-year promissory notes with warrants and 100,000 common shares to four members of the Board of Directors, for gross proceeds of approximately $1,220,000.