NOTE 9 - SUBSEQUENT EVENTS |
6 Months Ended |
|---|---|
Jun. 30, 2016 | |
| Subsequent Events [Abstract] | |
| Subsequent Events [Text Block] | NOTE 9 – SUBSEQUENT EVENTS Effective July 23, 2016, Harold M. Brierley was appointed as Chairman of the Board of Directors of the Company. In conjunction with his appointment, Mr. Brierley was granted a restricted stock award of 600,000 shares of the Company’s Common Stock. Twenty five percent of the shares vest on the first anniversary of the grant date with the balance vesting in equal quarterly installments of 37,500 shares over a remaining term of three years. On June 2, 2016, the Company entered into a Memorandum of Settlement with Foursquare pursuant to which it has in principle settled all outstanding litigation with Foursquare. The agreement was finalized during July 2016. The terms of the settlement are confidential. |