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Note 7 - Commitments and Contingencies
3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
7.
Commitments and Contingencies
 
On
August 11, 2020
the Company entered into a letter agreement with Winspear Investments, LLC (“Winspear”), pursuant to which the Company retained Winspear to provide strategic advisory services for financial and business matters. The agreement provides for a minimum
three
-month term and that Winspear would be compensated with the grant of
20,000
shares of the Company's common stock at inception and an additional
5,000
shares per month for the initial term. In the event Winspear continues to provide services, Winspear shall be compensated an additional grant of
3,000
shares per month for a total of
twelve
-months and such grants shall
not
exceed an aggregate issuance of
71,000
shares. The agreement also provides that Winspear shall be granted
80,000
shares if the Company achieves a listing with NASDAQ. The total shares issuable under the agreement shall
not
be less than a minimum of
35,000
and
not
exceed a maximum of
151,000
shares. As of
March 31, 2021
48,000
common shares have been issued.
 
On
February 22, 2021
the Company amended its lease with Teachers Insurance and Annuity Association of America to expand its space by approximately
847
square feet for a total of
2,685
square feet and extended the expiration date to
September 30, 2025.
 
The Company is
not
currently a defendant in any material litigation or any threatened litigation that could have a material effect on the Company's financial statements.