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Note 18 - Subsequent Events
12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Subsequent Events [Text Block]
18.
Subsequent events
 
On
January 12, 2018,
we entered into a Loan Agreement with a private limited company in India in the FinTech industry. We initially committed to advance
$235,000.
A subsequent advance, of
$200,000,
may
be made at our sole discretion. The loan bears interest at the rate of
5.0
percent annually with the maturity date for each Promissory Note on the
third
anniversary of funding. We
may
elect, at our sole discretion, to convert the initial Promissory Note, for
10
percent equity ownership in the company. The note holder has the election to force conversion, after
thirty
days from execution of the Note, if they were to receive an additional
$1,000,000
in funding from an unrelated
third
party(s). The Second Promissory Note, if we elect to fund,
may
be converted for an additional
9.5
percent equity ownership in the company. On
February 5, 2018,
the private limited company entered into a
three
year Processing Agreement with CoreCard.
 
We are
not
aware of any other s
ignificant events that occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on our Consolidated Financial Statements.