Annual report pursuant to Section 13 and 15(d)

Note 5 - Fair Value - Financial Liabilities Measured at Fair Value on a Recurring Basis (Details)

v3.19.1
Note 5 - Fair Value - Financial Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Derivative Liability, Total $ 63,000 $ 63,000
Fair Value, Measurements, Recurring [Member]    
Certificates of deposit 799,270 1,797,604
Derivative Liability, Total [1],[2] 63,000 63,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Certificates of deposit
Derivative Liability, Total [1],[2]
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Certificates of deposit 799,270 1,797,604
Derivative Liability, Total [1],[2]
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Certificates of deposit
Derivative Liability, Total [1],[2] $ 63,000 $ 63,000
[1] a. Valuation Processes-Level 3 Measurements: The Company utilizes third-party valuation services that use complex models such as Monte Carlo simulation to estimate the value of our financial liabilities.
[2] b. Sensitivity Analysis-Level 3 Measurements: Changes in the valuation of MT as a whole may cause material changes in the fair value of the MT warrants. Significant increases (decreases) in the valuation of MT, such as may be the result of additional financing, could result in a higher (lower) fair value measurement. A change in the valuation of MT would not necessarily result in a directionally similar change in the value of the MT warrants.