Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

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Related Party Transactions
 6 Months Ended
Jun. 30, 2015
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
Note 7 - Related Party Transactions
 
Two of the Company’s Directors each provide it consulting services pursuant to agreements that provide for annual compensation of $42,000. Each agreement provides for an annual service term and can be extended by mutual consent of both parties. The service terms under the agreements will expire in September 2015 and November 2015, respectively. During the three months ended June 30, 2015 and 2014, the Company recognized expenses of $10,500 and $8,083 for consulting fees to each Director, respectively. During the six months ended June 30, 2015 and 2014, the Company recognized expenses of $21,000 and $11,083 for consulting fees to each Director, respectively. As of June 30, 2015 and December 31, 2014, no amounts were owed to either Director.