Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Stockholders' Equity (Tables)

v3.20.2
Note 9 - Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2020
Notes Tables  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
   
Warrant shares outstanding
   
Weighted Average exercise price
   
Weighted Average remaining life
   
Intrinsic value
 
                                 
Outstanding at January 1, 2020
   
1,074,171
    $
0.50
    $
4.10
     
956,012
 
Issued
   
6,459,000
     
2.01
     
3.00
     
-
 
Exercised    
(1,133,975
)    
0.87
     
-
     
-
 
Expired or cancelled
   
-
     
-
     
-
     
-
 
Outstanding and exercisable at September 30, 2020
   
6,399,196
    $
1.95
    $
2.73
     
880,449
 
                                 
   
Warrant shares outstanding
   
Weighted Average exercise price
   
Weighted Average remaining life
   
Intrinsic value
 
                                 
Outstanding at January 1, 2019
   
1,592,775
    $
2.55
    $
0.21
     
-
 
Issued
   
1,749,171
     
0.50
     
4.35
     
560,199
 
Exercised
   
(57,750
)    
0.50
     
-
     
-
 
Expired or cancelled
   
-
     
-
     
-
     
-
 
Outstanding and exercisable at September 30, 2019
   
3,284,196
    $
1.49
    $
2.30
     
560,199
 
Deferred Compensation Arrangement with Individual, Share-based Payments [Table Text Block]
   
September 30, 2020
   
September 30, 2019
 
                 
Shares-to-be-issued, outstanding January 1, 2020 and 2019, respectively
   
2,375,762
     
2,470,566
 
Granted in current period
   
363,956
     
1,392,460
 
Issued in current period
   
(387,991
)    
(1,216,680
)
Shares-to be issued outstanding September 30, 2020 and 2019, respectively
   
2,351,727
     
2,646,346
 
Schedule of Warrant or Right Outstanding and Options, Valuation Assumptions [Table Text Block]
                 
   
2016 Warrants
   
2019 Warrants
 
Fair Value of Common Stock    
$.36- $.83
    $
0.33
 
Expected Term (years)
 
.25-.5 years
   
4.9 years
 
Volatility
   
86%
-
100%
     
83
%
Dividend yield
   
0
%    
0
%
Exercise Price
  $
2.55
    $
0.50
 
Risk-free interest rate
   
1.88%
-
2.09%
     
2.30
%
Weighted average fair value of warrants granted
  $
-
    $
0.19
 
Number of shares underlying warrants granted
   
1,512,067
     
1,749,171
 
   
2016 Warrants
   
2019 Warrants
 
Fair Value of Common Stock   $
0.83
    $
0.08
 
Expected Term (years)
 
.02 years
   
4.4 years
 
Volatility
   
86
%    
86
%
Dividend yield
   
0
%    
0
%
Exercise Price
  $
2.55
    $
0.50
 
Risk-free interest rate
   
1.88
%    
1.55
%
Weighted average fair value of warrants granted
  $
-
     
61.00
%
Number of shares underlying warrants granted
  $
1,512,067
    $
1,691,421