NOTE 13 - STOCKHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2016

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

NOTE 13 – STOCKHOLDERS’ EQUITY

Preferred Stock

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

Sales of Common Stock 

There were no common stock sales during the three months and nine months ended September 30, 2016.

Reversal of Assignment of Legal Judgment

On September 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 of $692,000. These shares were issued on October 1, 2013 in contemplation of Stonegate Holdings assuming the Company’s obligations under a judgment against the Company in a financing related matter. However, Stonegate Holdings did not assume and perform such obligations.