Stock transactions and preferred stock dividends	3 Months Ended
Mar. 31, 2016
Notes to Financial Statements
Stock transactions and preferred stock dividends	Note 6 - Stock transactions and preferred stock dividends *Common stock* There were no shares of common stock issued during the three month period ended March 31, 2016. *Preferred stock* On December 11, 2015, the Company began a private placement of its Series A2 7% Preferred Convertible Stock with a maximum amount of 600 shares at $10,000 per share or $6,000,000. At March 31, 2016, the Company had sold subscriptions equal to $1,820,000 (182 shares) and issued to DNR 90 shares fully paid ($900,000), nonassessable restricted shares of its 7% Series A2 Convertible Preferred Stock as part of the consideration for a settlement agreement entered into with DNR.

Stock transactions and preferred stock dividends

3 Months Ended

Mar. 31, 2016

Stock transactions and preferred stock dividends

Note 6 - Stock transactions and preferred stock dividends

Common stock

There were no shares of common stock issued during the three month period ended March 31, 2016.

Preferred stock

On December 11, 2015, the Company began a private placement of its Series A2 7% Preferred Convertible Stock with a maximum amount of 600 shares at $10,000 per share or $6,000,000. At March 31, 2016, the Company had sold subscriptions equal to $1,820,000 (182 shares) and issued to DNR 90 shares fully paid ($900,000), nonassessable restricted shares of its 7% Series A2 Convertible Preferred Stock as part of the consideration for a settlement agreement entered into with DNR.