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Note 6 - Derivative Liabilities | 9 Months Ended
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Sep. 30, 2016
Notes to Financial Statements |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | NOTE 6 - DERIVATIVE LIABILITIES Upon closing of the private placement transactions on February 12, 2016, the Company issued 127,346 and 295,945 warrants, to the placement agent of the private offering and to Strategic Bio Partners for debt cancellation, respectively, to purchase the Company’s Series B Preferred Stock with an exercise price of $1.25 and a five -year term. The warrants have a cashless exercise feature that requires the Company to classify the warrants as a derivative liability.

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