Note 8 - Related Party Transactions
|12 Months Ended|
Dec. 31, 2015
|Related Party Transactions [Abstract]|
|Related Party Transactions Disclosure [Text Block]||
Due from Related Party
The Company had a loan outstanding to its largest stockholder. The receivable bore interest at 2.64% with no definite repayment terms and during the year ended December 31, 2014 interest totaled $46,433. During the year ended December 31, 2014, and prior to the Company becoming a C Corporation, the loan balance of $456,563 was eliminated as the Company treated the loan balance as a stockholder distribution. No amounts were due from the related party for the years ended December 31, 2015 and 2014. Stockholder distributions for the periods ended December 31, 2015 and 2014 totaled $0 and $502,371 respectively.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/presentationRef