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Note 8 - Warrants
12 Months Ended
Dec. 31, 2015
Warrants and Rights Note Disclosure [Abstract]  
Warrants

NOTE 8 — Warrants

 

The Company has the following outstanding warrants to purchase common stock at December 31, 2015:

 

Reason  Number
of Shares
  Price Per
Share
  Issue Date  Expiration
Date
Common stock financing    35,775   $1.80   May 2009  June 2016
Senior convertible note financing    133,560   $1.25   Nov 2010  May 2016
    169,335            

 

The Company had the following outstanding warrants to purchase common stock at December 31, 2014:

 

Reason  Number
of Shares
  Price Per
Share
  Issue Date  Expiration
Date
Common stock financing    35,775   $1.80   May 2009  June 2016
Senior convertible note financing    277,600   $1.25   Nov 2010  May 2016
    313,375