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Note 7 - Convertible Debt (PIK Notes) (Tables)
3 Months Ended
Mar. 31, 2018
Notes Tables  
Debt Instrument Redemption [Table Text Block]
Key Terms
 
Series 2023 Notes
   
Series A Notes
 
Inception Date
 
   08/01/2013
   
   11/03/2014
 
Cash Received
   
$10,500,000
     
$12,500,000
 
Principal (Initial Liability)
   
$10,500,000
     
$19,848,486
 
Maturity (Term)
 
Matures on August 1, 2023, but convertible into shares of the Company’s common stock at the discretion of the holder or by the Company based on the market price of the Company’s stock;
   
Matures on May 1, 2023 but extends to August 1, 2023 if the Series 2023 Notes are still outstanding. Convertible into shares of the Company’s common stock at the discretion of the holder or by the Company based on the market price of the Company’s stock;
 
Exercise Price
 
$0.59, adjusted downward based on anti-dilution provisions/downround protection
   
$0.40, adjusted downward based on anti-dilution provisions/down-round protection;
 
Stated Interest
 
10% per annum through December 14, 2017, 3% per annum thereafter, due semiannually;
   
10% per annum through December 14, 2017, 3% per annum thereafter, due semiannually;
 
Derivative Liability
 
$2,055,000 established at inception due to the existence of down-round protection; revalued every quarter using Monte Carlo model
   
$9,212,285 established at inception due to existence of down-round protection; revalued every quarter using a Monte Carlo model
 
Convertible Debt [Table Text Block]
   
Series 2023 Notes
   
Series A Notes
   
Total
 
PIK Note Payable, Gross
  $
16,152,402
    $
26,909,716
    $
43,062,118
 
Less: Discount
   
(1,493,895
)
   
(5,555,254
)
   
(7,049,149
)
Less: Deferred Financing Cost
   
(211,518
)
   
(281,425
)
   
(492,943
)
PIK Note Payable, Net
  $
14,446,989
    $
21,073,037
    $
35,520,026
 
                         
PIK Note Derivative Liability
  $
876,063
    $
9,351,128
    $
10,227,191
 
   
Series 2023 Notes
   
Series A Notes
   
Total
 
PIK Note Payable, Gross
  $
16,090,721
    $
26,909,716
    $
43,000,437
 
Less: Discount
   
(1,538,299
)
   
(7,701,839
)
   
(9,240,138
)
Less: Deferred Financing Cost
   
(221,280
)
   
(294,414
)
   
(515,694
)
PIK Note Payable, Net
  $
14,331,142
    $
18,913,463
    $
33,244,605
 
                         
PIK Note Derivative Liability
  $
163,634
    $
1,883,630
    $
2,047,264