Note 13 - Equity Instruments

6 Months Ended

Jun. 30, 2017

Equity Instruments

During the

six

-month periods ended

June 30, 2017

and

2016,

we issued

16,406

and

29,069

shares of our common stock valued at approximately

$10,500

and

$34,820

to certain members of our Board of Directors as payment in lieu of cash for their retainer fees.

Also during the

six

-month period ended

June 30, 2017,

we issued

710,353

shares of our common stock valued at

$369,342

to our employees as partial payment in lieu of cash for their

2015

and

2016

bonuses.