Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Convertible Senior Secured Debentures (Tables)

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Note 8 - Convertible Senior Secured Debentures (Tables)
6 Months Ended
Jun. 30, 2015
Disclosure Text Block [Abstract]  
Convertible Debt [Table Text Block] Through June 30, 2015, the Company has issued the following convertible Senior Secured Debentures:

   
1st Closing
   
2nd Closing
   
3rd Closing
 
                               
1.  Date of issuance
  May 27, 2014     June 2, 2014     June 2, 2015  
                               
2.  Original gross amount of debentures
    5,250,000        
1,750,000
     
625,000
 
                               
3.  Amended Maturity*
             
Due
 July 31, 2016            
                               
4.  Interest rate
     
 8%
         8%          8%  
     
from
 May 27, 2014
     
from
 June 2, 2014
     
from
 June 2, 2015
 
   
1st Closing
   
2nd Closing
   
3rd Closing
 
 5.  Class C warrants to debenture holders:                              
Number issued
     
5,250,000
       
1,750,000
       
625,000
 
Exercise price per share**   $             0.10       -      
Term
            5 years