Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Fair Value (Tables)

v3.8.0.1
Note 4 - Fair Value (Tables)
9 Months Ended
Sep. 30, 2017
Notes Tables  
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]
Liabilities Measured at Fair Value on a Recurri
ng Basis as of
September
30, 2017
 
Description
 
Quoted
Prices in
Active
Markets for Identical
Liabilities
(Level 1)
   
Significant
Other
Observable
Inputs
(Level 2)
   
Significant
Unobservable
Inputs
(Level 3)
   
Total
 
Platinum conversion option
  $
    $
    $
    $
 
Liability related to MT warrants
   
     
     
63,000
     
63,000
 
Liabilities Measured at Fair Value on a Recurri
ng Basis as of December 31, 2016
 
Description
 
Quoted
Prices in
Active
Markets for Identical
Liabilities
(Level 1)
   
Significant
Other
Observable
Inputs
(Level 2)
   
Significant
Unobservable
Inputs
(Level 3)
   
Total
 
Platinum conversion option
  $
    $
    $
153,357
    $
153,357
 
Liability related to MT warrants
   
     
     
63,000
     
63,000
 
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]
   
September 30,
2017
   
December 31,
2016
 
Estimated volatility
   
0
%    
76
%
Expected term (in years)
   
0
     
4.75
 
Debt rate
   
8.125
%    
8.125
%
Beginning stock price
  $
0.42
    $
0.64