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Note 14 - Subsequent Events | 6 Months Ended
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Jun. 30, 2020
Notes to Financial Statements |
Subsequent Events [Text Block] | Note 14 - Subsequent Events On July 17, 2020, PNC provided the Company notice that multiple previously disclosed events, which each constitute an event of default, are continuing to occur. Additionally, PNC required that the Company obtain a commitment for third -party equity funding in an amount not less than $3,000,000 by no later than July 31, 2020. Absent such commitment, PNC advised that it may cease making Discretionary Advances to the Company. On July 22, 2020, the Board authorized the Company to seek such funding and Mr. Yubao Li, the Company's Chairman, to ensure the Company meets PNC's equity funding commitment deadline, committed that, in the event the Company does not obtain funding of at least $3,000,000 by August 31, 2020, he would provide the necessary funding. During 2020, warrants were issued in conjunction with the equity financing as described herein and the rebranding of the Company. The majority of these warrants were exercised during July 2020. During July 2020, Tradigital Marketing Group exercised 250,000 warrants in exchange for 171,000 shares of the Company's common stock. Also during July 2020, Garden State Securities and its executive managing director exercised a combined 250,000 warrants in exchange for 161,000 shares of the Company's common stock. During August 2020, an investor (Tobin) in the 2020 convertible preferred equity program exercised all 27,660 shares of convertible preferred stock into 276,600 shares of common stock. An additional 11,000 shares of common stock were issued to the same investor representing the 8% interest on the convertible preferred shares.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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