Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Stock Option Plans (Tables)

v3.5.0.2
Note 5 - Stock Option Plans (Tables)
9 Months Ended
Sep. 30, 2016
Notes Tables  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
   
Number of Options
 
Weighted
Averaged Exercised Price
 
Weighted
Average Remaining Contractual Life (Years)
 
Aggregate
Intrinsic Options Value $
Outstanding
January 1, 2016
  1,419,436    $ 1.56   2.78   $1,220,338
                 
Granted
  348,908   1.72   4.35   376,821
                 
Forfeited or Expired
  (100,000 ) 2.50       -
                 
Exercised
  -   -   -   -
                 
Outstanding September 30, 2016
  1,668,344   $1.54   2.44   $1,147,015
                 
Exercisable September 30, 2016
  1,170,718   $1.36   1.95   $999,904
   
Number of Options
 
Weighted
Averaged Exercised Price
 
Weighted
Average Remaining Contractual Life (Years)
 
Aggregate
Intrinsic Options Value $
Outstanding
January 1, 2016
  8,333   $2.70   4.83   $-
                 
Granted
  208,333   2.55   0.00   -
                 
Forfeited or Expired
  -   0.00   0.00   -
                 
Exercised
  -   -   -   -
                 
Outstanding September 30, 2016
  216,666   $2.55   5.58   $-
                 
Exercisable September 30, 2016
  555   $2.52   4.51   $-