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Note S - Subsequent Events
12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Subsequent Events [Text Block]
NOTE
S
—SUBSEQUENT EVENTS
 
On
March 23, 2018,
holders of shares of the Company
’s Series B-
1
Convertible Preferred Stock (the “Series B-
1
Preferred”) converted
60,240
shares of Series B-
1
Preferred into
1,678,334
shares of common stock.
 
On
March 23, 2018,
the Company issued
115,857
shares of common stock to holders of shares of Series B-
1
Preferred in consideration of the conversion of
$417,084
of accrued dividends payable on the Series B-
1
Preferred resulting in a per share purchase price of
$3.60.
  In connection with the forgoing transaction, the Company waived a standstill provision to permit a holder of shares of Series B-
1
Preferred to increase its conversion limitation to
19.99%
of the Company’s issued and outstanding shares of common stock to be effective
61
days after such waiver.
 
      
On
March 23, 2018,
the Company issued
7,659
shares of common stock to its directors in payment of board and board committee fees.
 
 
On
March 23, 2018,
the Company issued options to purchase
9,000
shares of common stock to
six
non-employee members of the Board of Directors.
 The options have a
three
year vesting period,
seven
year term, and exercise price of
$1.96.
 
 
On
March 23, 2018,
the Company issued options to purchase
212,918
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
$1.96.
 
 
On
March 28, 2018,
the Company issued
762
shares of common stock to its directors in payment of committee fees.
 
 
The Company has reviewed subsequent events through the date of this filing.