Note 13 - Equity Instruments

9 Months Ended

Sep. 30, 2017

Equity Instruments

During the

nine

-month periods ended

September 30, 2017

and

2016,

we issued

16,406

and

72,649

shares of our common stock valued at approximately

$10,500

and

$56,609

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

Also during the

nine

-month period ended

September 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.