Note 8 - Stockholders' Equity

6 Months Ended

Jun. 30, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

NOTE 8 - STOCKHOLDERS' EQUITY

Preferred Stock

The Company is authorized to issue 10,000,000 shares of noncumulative, non-voting, nonconvertible preferred stock, $0.001 par value per share. At June 30, 2015 and December 31, 2014, no shares of preferred stock were outstanding.

Common Stock

On November 20, 2012, stockholders of the Company approved to increase the authorized shares of common stock from 120,000,000 to 200,000,000 shares, $0.001 par value per share. At June 30, 2015 and December 31, 2014, 96,614,033 and 95,054,552 shares were issued and outstanding, respectively.

During the six months ended June 30, 2015, the Company issued a total of 226,829 shares of common stock valued at $171,373 to consultants as payments of fees.

During the six months ended June 30, 2015, the Company issued a total of 317,566 shares of restricted stock valued at $213,798 to directors for services as Board members.