Quarterly Results

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

Note 11 – Quarterly Results

Quarterly results for the years ended December 31, 2015 and 2014 are as follows:

	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
For the year ended December 31, 2015
Revenue	$	-	$	-	$	-	$	61,000
Gross profit	$	-	$	-	$	-	$	11,000
Operating expenses	$	1,592,000	$	1,810,000	$	1,969,000	$	2,582,000
Net Loss	$	(1,583,000)	$	(1,796,000)	$	(1,961,000)	$	(2,558,000)
Net Loss per share - basic and fully diluted	$	(0.14)	$	(0.14)	$	(0.15)	$	(0.20)

For the year ended December 31, 2014
Revenue	$	-	$	-	$	-	$	-
Operating expenses	$	1,647,000	$	1,628,000	$	1,722,000	$	2,304,000
Net Loss	$	(1,646,000)	$	(1,626,000)	$	(1,721,000)	$	(2,303,000)
Net Loss per share - basic and fully diluted	$	(0.18)	$	(0.17)	$	(0.18)	$	(0.24)

The Company recorded a number of adjustments in the fourth quarter of the year ended December 31, 2015 including an expense of $588,000 in 2015 described in Note 4 related to the impairment loss from the abandonment of certain capitalized patents pending.