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Note T - Subsequent Events
12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Subsequent Events [Text Block]
NOTE T—SUBSEQUENT EVENTS
 
On
March
15,
2017,
the Company issued
1,895
shares of common stock to its directors in payment of board fees. 
 
On
March
15,
2017,
the Company issued options to purchase
40,000
shares of the Company’s common stock to
four
non-employee members of the Board of Directors. The options have a
three
year vesting period,
seven
year term and with an exercise price of
$2.64.
 
 
On
March
16,
2017,
the Board of Directors issued options to purchase
1,120,000
shares of the Company’s common stock to certain officers, employees, and contractors. The options have a
three
year vesting period,
seven
year term, and exercise price of
$2.65.
 
 
The Company has reviewed subsequent events through the date of this filing.