NOTE 7 - RELATED PARTY TRANSACTIONS |
6 Months Ended |
|---|---|
Jun. 30, 2016 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions Disclosure [Text Block] | NOTE 7 – RELATED PARTY TRANSACTIONS The Company utilizes Assure Professional, LLC (“Assure”) to provide certain outsourced accounting services. The Company’s current Chief Financial Officer is a partial owner of Assure. The Company incurred expense of $6,750 and $17,000 in exchange for these services for the three and six months ended June 30, 2016, respectively; and $6,750 and $13,500 for the three and six months ended June 30, 2015, respectively. Included in accounts payable and due to Assure at June 30, 2016 and 2015 was approximately $4,500 and $2,250, respectively. Jonathan Merriman was appointed to the Company’s Board of Directors during December 2014. Mr. Merriman is the CEO of Merriman Capital, Inc. (“Merriman”). Merriman provides capital market advisory services to the Company for which we incurred expense of $41,660 and $80,000 during the three and six months ended June 30, 2016, respectively, and $30,000 and $60,000 for the three and six months ended June 30, 2015, respectively. The Company primarily issues common stock in exchange for monthly services and $-0- was due to Merriman at June 30, 2016. In addition, Merriman Capital advised the Company in connection with its March 2016 private placement and received an advisory fee of $10,000 and acted as the Company’s placement agent during its most recent offering. |