Annual report pursuant to Section 13 and 15(d)

Note 16 - Redeemable Convertible Preferred Stock (Tables)

v3.5.0.2
Note 16 - Redeemable Convertible Preferred Stock (Tables)
12 Months Ended
Dec. 31, 2015
Redeemable Convertible Preferred Stock [Member]  
Note 16 - Redeemable Convertible Preferred Stock (Tables) [Line Items]  
Schedule of Stock by Class [Table Text Block] Below is the activity for the Company’s preferred issuances for the periods presented:

 
 
Redeemable Convertible Preferred Stock
 
 
 
Shares
   
Amount
 
December 31, 2014
   
-
   
$
-
 
Issuance of preferred stock
   
1,088
     
10,000,000
 
Bifurcation of anti-dilution features
   
-
     
(7,927,280
)
Equity issuance costs
   
-
     
(614,402
)
December 31, 2015
   
1,088
   
$
1,458,318
 
Redeemable Convertible Preferred Stock [Member]  
Note 16 - Redeemable Convertible Preferred Stock (Tables) [Line Items]  
Schedule of Stock by Class [Table Text Block] The table below shows the Company’s par value, authorized shares, issued shares and outstanding shares of its Redeemable Convertible Preferred Stock for the periods indicated:

Redeemable Convertible Preferred Stock
 
December 31, 2015
(Audited)
   
December 31, 2014
(Audited)
 
Authorized; par value $0.00001
   
10,000,000
     
10,000,000
 
Issued
   
1,088
     
-
 
Outstanding
   
1,088
     
-
 
Series A Preferred Stock [Member]  
Note 16 - Redeemable Convertible Preferred Stock (Tables) [Line Items]  
Schedule of Stock by Class [Table Text Block] Authorized, issued and outstanding stock are as follows for the periods indicated:

Series A Redeemable Convertible Preferred Stock
 
December 31, 2015 (Audited)
   
December 31, 2014
(Audited)
 
Stock authorized
   
1,088
     
-
 
Stock outstanding
   
1,088
     
-
 
Par value
 
$
0.00001
     
-
 
Conversion price
 
$
5.25
     
-
 
Dividend rate
   
26.00
%
   
-
 
Original issue date
 
August 10, 2015
     
-
 
Redemption date
 
August 10, 2022
     
-