Annual report pursuant to Section 13 and 15(d)

Note 4 - Fair Value (Tables)

v3.8.0.1
Note 4 - Fair Value (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2017
 
   
Quoted
Prices
in
Active
Markets for
Identical
Assets
and
Liabilities
   
Significant
Other
Observable
Inputs
   
Significant
Unobservable
Inputs (a)(b)
   
Balance as of
December 31,
 
Description
 
(Level 1)
   
(Level 2)
   
(Level 3)
   
2017
 
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
 
   
Quoted
Prices
in
Active
Markets
for
Identical
Assets
and
Liabilities
   
Significant
Other
Observable
Inputs
   
Significant
Unobservable
Inputs (a)(b)
   
Balance as of
December 31,
 
Description
 
(Level 1)
   
(Level 2)
   
(Level 3)
   
2016
 
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]
   
2016
 
Estimated volatility
   
76
%
Expected term (in years)
   
4.75
 
Debt rate
   
8.125
%
Beginning stock price
  $
0.64