Annual report pursuant to Section 13 and 15(d)

Note 6 - Notes Payable (Tables)

v2.4.1.9
Note 6 - Notes Payable (Tables)
 12 Months Ended
Dec. 31, 2014
Note 6 - Notes Payable (Tables) [Line Items]  
Schedule of Maturities of Long-term Debt [Table Text Block]

Years ending December 31,

       

2015

  $ -  

2016

    4,289,445  

2017

    -  

2018

    -  

2019

    3,725,000  

Thereafter

    3,000,000  

Total scheduled principal payments

    11,014,445  

Less unamortized discounts at December 31, 2014

    (3,323,776 )
    $ 7,690,669  
Common Stock Warrants Issued to Directors [Member]  
Note 6 - Notes Payable (Tables) [Line Items]  
Assumptions Used in Calculating Fair Value of Warrants Issued [Table Text Block]

Dividend yield

    0%  

Expected Volatility

    47.5% - 47.7%  

Risk free Interest rates

    1.73% - 1.76%  

Expected life (in years)

    5.0