Note 6 - Stockholders' Equity

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE

6

- STOCKHOLDERS' EQUITY

During the

nine

months ended

September 30, 2017,

the Company issued a total of

250,000

shares of common stock valued at

$10,050

to directors and consultants as payments of fees.

During the

nine

months ended

September 30, 2017,

the Company issued

22,750,000

shares of common stock valued at

$910,000

as part of a private placement (“

August 2017

offering”).  In addition, a total of

2,275,000

shares valued at

$91,000

were issued in lieu of payment for fees associated with the

August 2017

offering.

In connection with the

August 2017

offering, the Company entered into registration rights agreements with each of t

he purchasers. The Company has an option to acquire the warrants; 

provided

, that, the following conditions are met: (a) the average VWAP for the

20

consecutive trading days immediately preceding the date on which the call notice is given is equal or greater than

$0.20

and (b) a registration statement covering the resale of shares issuable upon exercise of the warrants is effective.