NOTE 14 - STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2016

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

NOTE 14 – STOCKHOLDERS’ EQUITY

Preferred Stock

The Company’s Articles of Incorporation do not provide for the issuance of preferred stock.

Sales of Common Stock 

There was no common stock sales during the three months and six months ended June 30, 2016.

Reversal of Assignment of Legal Judgment

On June 27, 2016, the Company cancelled 1,870,270 shares of common stock previously issued to Stonegate Holdings, Inc that was originally recorded in the amount $692,000. These shares were issued on October 1, 2013 in contemplation of Stonegate Holdings assuming the Corporation's obligations under a judgment against the Corporation in a financing related matter. However, Stonegate Holdings did not perform and assume such obligations.