Oculus VisionTech (OVTZ) 10-K 29 Mar 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 29, 2018
Document Information [Line Items]
Entity Registrant Name	OCULUS VISIONTECH INC.
Entity Central Index Key	1,107,280
Trading Symbol	ovtz
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		45,572,568
Entity Public Float		$ 26,768,028
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents		$ 6,425
Prepaid expenses and other current assets	28,871	62,151
Total current assets	28,871	68,576
Deferred Tax Assets, net of valuation allowance of $6,507,000 and $6,458,000, respectively
Total Assets	28,871	68,576
LIABILITIES AND STOCKHOLDERS' DEFICIENCY
Accounts payable and accrued expenses	48,583	120,467
Accounts payable and accrued expenses - related parties	532,543	269,665
Total current liabilities	581,126	390,132
Commitments and Contingencies
Stockholders' Deficiency:
Preferred stock - no par value; authorized 250,000,000 shares, none issued
Common stock - no par value; authorized 500,000,000 shares, issued and outstanding 45,572,568	40,458,297	40,458,297
Accumulated deficit	(41,010,552)	(40,779,853)
Stockholders' deficiency	(552,255)	(321,556)
Total Liabilities and Stockholders' Deficiency	$ 28,871	$ 68,576

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets, valuation allowance	$ 6,507,000	$ 6,458,000
Preferred stock, no par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	250,000,000	250,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	45,572,568	45,572,568
Common stock, shares outstanding (in shares)	45,572,568	45,572,568

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Expenses:
Research and development	$ 81,076	$ 240,370
Selling, general and administrative	149,623	212,870
Total expenses	(230,699)	(453,240)
Loss from operations	(230,699)	(453,240)
Net loss	$ (230,699)	$ (453,240)
Net loss per share - basic and diluted (in dollars per share)	$ (0.01)	$ (0.01)
Weighted-average number of common shares outstanding - basic and diluted (in shares)	45,572,568	45,572,568

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficiency) - USD ($)	Common Stock Including Additional Paid in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2015	45,572,568
Balance at Dec. 31, 2015	$ 40,458,297	$ (40,326,613)	$ 131,684
Net loss		(453,240)	(453,240)
Balance (in shares) at Dec. 31, 2016	45,572,568
Balance at Dec. 31, 2016	$ 40,458,297	(40,779,853)	(321,556)
Net loss		(230,699)	(230,699)
Balance (in shares) at Dec. 31, 2017	45,572,568
Balance at Dec. 31, 2017	$ 40,458,297	$ (41,010,552)	$ (552,255)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net loss	$ (230,699)	$ (453,240)
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable
Decrease (increase) in prepaid expenses and other current assets	280	(17,813)
Increase (decrease) in accounts payable and accrued expenses	(38,884)	62,621
Increase (decrease) in accounts payable and accrued expenses due to related parties	262,878	227,760
Net cash used in operating activities	(6,425)	(180,672)
Net increase in cash and cash equivalents	(6,425)	(180,672)
Cash and cash equivalents at beginning of year	6,425	187,097
Cash and cash equivalents at end of year		6,425
Non-cash investing and financing activities:
Prepaid expenses and other current assets	(33,000)	38,000
Accounts payable and accrued expenses	33,000	(38,000)
Income Taxes
Interest Expense

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. BASIS OF PRESENTATION: The following consolidated financial statements present the financial results of Oculus VisionTech, Inc., and its wholly owned subsidiary USVO Inc. on a consolidated basis.

Note 2 - Business

Note 2 - Business	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Nature of Operations [Text Block]	2. BUSINESS: Oculus Vision Tech, Inc. (the " Company December 31, 2017 two

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	3. SUMMARY OF SIGNIFICANT Accounting Policies: The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. As shown in the financial statements, the Company has incurred losses of $230,699 $453,240 December 31, 2017 2016, $552,255 $41,010,552 December 31, 2017. not The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiar y. All intercompany accounts and transactions have been eliminated. The Company maintains cash in bank deposit accounts which, at times, may not The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The Company considers all highly liquid investments with original maturities of three The Company sells its products to customers on an open credit basis. The Company ’s trade accounts receivable are due from such customers and are generally uncollateralized. Management closely monitors outstanding accounts receivable and charges off to expense any balances that are determined to be uncollectible or establishes an allowance for doubtful accounts. As of December 31, 2017 2016, no Revenue from hardware product sales is recognized when the product has been shipped and the collection of payment is reasonably assured. Revenue recognized from these sales is net of applicable provisions for refunds, discounts and allowances. Engineering services sales are recognized upon the service having been provided. The Company had no 2017 2016. Revenue from software sales is recognized when the product has been delivered. Revenue from multiple element contracts (hardware, software and engineering) is allocated to the various elements based on fair value. If objective evidence of fair value is not No The Company had no 2017 2016. Revenue is recognized for digital water marking based on a contracted usage schedule on a monthly billing cycle. Revenue for digital watermarking software usage totaled $- 0 2017 2016. Income taxes are accounted for under the liability method. Under this method, deferred tax assets and liabilities are recorded based on the temporary differences between the financial statement and the tax bas is of assets and liabilities and for operating loss carry forwards measured using the enacted tax rates in effect for the year in which the differences are expected to reverse. The Company periodically evaluates the reliability of its net deferred tax assets and records a valuation allowance if, based on the weight of available evidence, it is more likely than not not The foreign assets and liabilities of the Company are translated into U.S. dollars at current exchange rates, and revenue and expenses are translated at average rates of exchange prevailing during the period. The aggregate effect of translation adjustments is immaterial at December 31, 2017 2016. Basic loss per common share (" EPS December 31, 2017 2016 no Management does not not

Note 4 - Prepaid Expenses and O

Note 4 - Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Other Assets Disclosure [Text Block]	4. PREPAID EXPENSES and other current assets: Prepaid expenses and other current assets consist of the following: December 31, 201 7 201 6 Taxes Receivable – Canadian GST 2,271 2,552 Prepaid Marketing -- Video 26,600 59,599 $ 28,871 $ 62,151

Note 5 - Accounts Payable and A

Note 5 - Accounts Payable and Accrued Expenses	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	5. ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consist of the following: December 31, 201 7 201 6 Accounts payable $ 17,698 $ 51,943 Accrued professional fees 27,578 65,217 Accrued payroll and related tax withholdings 3,307 3,307 $ 48,583 $ 120,467 Accounts payable and accrued expenses - related parties consist of accounts payable for research and development, advances and accrued interest on related party debt.

Note 6 - Stockholders' Equity

Note 6 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	6. STOCKHOLDERS' EQUITY: The Company has one no 500,000,000 45,572,568 December 31, 2017 2016.

Note 7 - Stock Options and Stoc

Note 7 - Stock Options and Stock Warrants	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	7. STOCK OPTIONS and STOCK WARRANTS: The Company has a stock option plan under which options to purchase shares of common stock may In April 2014, “2014 2014 1,250,000 The Company is listed on the TSX Venture Exchange (" TSX may 2014 Internal Revenue Code of 1986 Code During the years ended December 31, 2017 2016, no The following table summarizes information about warrants outstanding at December 31, 2017. Year ended 2017 2016 December 31, Number of Range of Number of Range of Warrants Exercise Price (CND) Warrants Exercise Price (CND) Outstanding at beginning of year 464,000 $0.07 464,000 $0.07 Issued - N/A - N/A Exercised - N/A - N/A Expired 464,000 N/A - N/A Outstanding at end of year - N/A 464,000 $0.07 Warrants issued in October 2015 two

Note 8 - Income Taxes

Note 8 - Income Taxes	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8. income taxes: As of December 31, 2017 $30,983,000, 2035. not 100% The components of the net deferred tax assets are as follows: December 31, 201 7 201 6 Net operating loss carryforwards $ 6,507,000 $ 6,458,000 Valuation allowance (6,507,000 ) (6,458,000 ) Net deferred tax assets $ - 0 - $ - 0 - The reconciliation of the effective income tax rate to the federal statutory rate are as follows: Year ended December 31, 20 17 20 16 Federal statutory tax rate 21 % 21 % Valuation allowance on net operating carryforwards (21 ) (21 ) Effective income tax rate - 0 - % - 0 - % As of December 31, 2017, December 31, 2016 December 31, 2014. 2019.

Note 9 - Related Parties

Note 9 - Related Parties	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	9. Related Parties: The Company for the years ended December 31, 2017 2016 $31,622 $25,770, $47,490 $240,370 December 31, 2017 2016, $262,000 $150,000 2017 2016,

Note 10 - Operating Leases

Note 10 - Operating Leases	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Leases of Lessee Disclosure [Text Block]	10 . OPERTATING LEASES : T he Company has two third The lease at the Vancouver, Canada location is on a month to month basis with monthly rental payments of $3,575 December 31, 2017 2016 $32,970 $27,219, The lease at the Connecticut, United States location is on a month to month basis with monthly rental payments of $500. December 31, 201 7 2016 $ 6,000

Note 11 - Quarterly Financial I

Note 11 - Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Quarterly Financial Information [Text Block]	11 . Quarterly Financial Information (Unaudited): The following table summarizes selected quarterly data for the years ended December 31, 2017 2016: First Quarter Second Quarter Third Quarter Fourth Quarter Full Year 20 17: Revenue $ -0- $ -0- $ -0- $ -0- $ -0- Expenses (50,405 ) (56,288 ) (86,086 ) (37,920 ) (230,699 ) Net Gain(Loss) (50,405 ) (56,288 ) (86,086 ) (37,920 ) (230,699 ) Net gain(loss) per common share Basic and $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.01 ) 201 6 : Revenue $ -0- $ -0- $ -0- $ -0- $ -0- Expenses (91,763 ) (166,968 ) (124,803 ) (69,706 ) (453,240 ) Net Gain(Loss) (91,763 ) (166,968 ) (124,803 ) (69,706 ) (453,240 ) Net gain(loss) per common share Basic and $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.01 )

Note 12 - Subsequent Event

Note 12 - Subsequent Event	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	12 . SUBSEQUENT eVENT: None .

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Going Concern [Policy Text Block]	The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. As shown in the financial statements, the Company has incurred losses of $230,699 $453,240 December 31, 2017 2016, $552,255 $41,010,552 December 31, 2017. not
Consolidation, Policy [Policy Text Block]	The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiar y. All intercompany accounts and transactions have been eliminated.
Cash and Cash Equivalents, Policy [Policy Text Block]	The Company maintains cash in bank deposit accounts which, at times, may not
Use of Estimates, Policy [Policy Text Block]	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Cash Equivalents [Policy Text Block]	The Company considers all highly liquid investments with original maturities of three
Trade and Other Accounts Receivable, Policy [Policy Text Block]	The Company sells its products to customers on an open credit basis. The Company ’s trade accounts receivable are due from such customers and are generally uncollateralized. Management closely monitors outstanding accounts receivable and charges off to expense any balances that are determined to be uncollectible or establishes an allowance for doubtful accounts. As of December 31, 2017 2016, no
Revenue Recognition, Policy [Policy Text Block]	Revenue from hardware product sales is recognized when the product has been shipped and the collection of payment is reasonably assured. Revenue recognized from these sales is net of applicable provisions for refunds, discounts and allowances. Engineering services sales are recognized upon the service having been provided. The Company had no 2017 2016. Revenue from software sales is recognized when the product has been delivered. Revenue from multiple element contracts (hardware, software and engineering) is allocated to the various elements based on fair value. If objective evidence of fair value is not No The Company had no 2017 2016. Revenue is recognized for digital water marking based on a contracted usage schedule on a monthly billing cycle. Revenue for digital watermarking software usage totaled $- 0 2017 2016.
Income Tax, Policy [Policy Text Block]	Income taxes are accounted for under the liability method. Under this method, deferred tax assets and liabilities are recorded based on the temporary differences between the financial statement and the tax bas is of assets and liabilities and for operating loss carry forwards measured using the enacted tax rates in effect for the year in which the differences are expected to reverse. The Company periodically evaluates the reliability of its net deferred tax assets and records a valuation allowance if, based on the weight of available evidence, it is more likely than not not
Foreign Currency Transactions and Translations Policy [Policy Text Block]	The foreign assets and liabilities of the Company are translated into U.S. dollars at current exchange rates, and revenue and expenses are translated at average rates of exchange prevailing during the period. The aggregate effect of translation adjustments is immaterial at December 31, 2017 2016.
Earnings Per Share, Policy [Policy Text Block]	Basic loss per common share (" EPS December 31, 2017 2016 no
New Accounting Pronouncements, Policy [Policy Text Block]	Management does not not

Note 4 - Prepaid Expenses and20

Note 4 - Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	Prepaid expenses and other current assets consist of the following: December 31, 201 7 201 6 Taxes Receivable – Canadian GST 2,271 2,552 Prepaid Marketing -- Video 26,600 59,599 $ 28,871 $ 62,151

Note 5 - Accounts Payable and21

Note 5 - Accounts Payable and Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	Accounts payable and accrued expenses consist of the following: December 31, 201 7 201 6 Accounts payable $ 17,698 $ 51,943 Accrued professional fees 27,578 65,217 Accrued payroll and related tax withholdings 3,307 3,307 $ 48,583 $ 120,467

Note 7 - Stock Options and St22

Note 7 - Stock Options and Stock Warrants (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	Year ended 2017 2016 December 31, Number of Range of Number of Range of Warrants Exercise Price (CND) Warrants Exercise Price (CND) Outstanding at beginning of year 464,000 $0.07 464,000 $0.07 Issued - N/A - N/A Exercised - N/A - N/A Expired 464,000 N/A - N/A Outstanding at end of year - N/A 464,000 $0.07

Note 8 - Income Taxes (Tables)

Note 8 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 201 7 201 6 Net operating loss carryforwards $ 6,507,000 $ 6,458,000 Valuation allowance (6,507,000 ) (6,458,000 ) Net deferred tax assets $ - 0 - $ - 0 -
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year ended December 31, 20 17 20 16 Federal statutory tax rate 21 % 21 % Valuation allowance on net operating carryforwards (21 ) (21 ) Effective income tax rate - 0 - % - 0 - %

Note 11 - Quarterly Financial24

Note 11 - Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Quarterly Financial Information [Table Text Block]	First Quarter Second Quarter Third Quarter Fourth Quarter Full Year 20 17: Revenue $ -0- $ -0- $ -0- $ -0- $ -0- Expenses (50,405 ) (56,288 ) (86,086 ) (37,920 ) (230,699 ) Net Gain(Loss) (50,405 ) (56,288 ) (86,086 ) (37,920 ) (230,699 ) Net gain(loss) per common share Basic and $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.01 ) 201 6 : Revenue $ -0- $ -0- $ -0- $ -0- $ -0- Expenses (91,763 ) (166,968 ) (124,803 ) (69,706 ) (453,240 ) Net Gain(Loss) (91,763 ) (166,968 ) (124,803 ) (69,706 ) (453,240 ) Net gain(loss) per common share Basic and $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.01 )

Note 3 - Summary of Significa25

Note 3 - Summary of Significant Accounting Policies (Details Textual) - USD ($) shares in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Net Income (Loss) Attributable to Parent	$ (37,920)	$ (86,086)	$ (56,288)	$ (50,405)	$ (69,706)	$ (124,803)	$ (166,968)	$ (91,763)	$ (230,699)	$ (453,240)
Working Capital (Deficit)	(552,255)								(552,255)
Retained Earnings (Accumulated Deficit)	(41,010,552)				(40,779,853)				(41,010,552)	(40,779,853)
Accounts Receivable, Net	0				0				0	0
Revenues	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Weighted Average Number Diluted Shares Outstanding Adjustment									0	0

Note 4 - Prepaid Expenses and26

Note 4 - Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Taxes Receivable – Canadian GST	$ 2,271	$ 2,552
Prepaid Marketing -- Video	26,600	59,599
	$ 28,871	$ 62,151

Note 5 - Accounts Payable and27

Note 5 - Accounts Payable and Accrued Expenses - Summary of Accounts Payable and Accrued Expenses (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Accounts payable	$ 17,698	$ 51,943
Accrued professional fees	27,578	65,217
Accrued payroll and related tax withholdings	3,307	3,307
	$ 48,583	$ 120,467

Note 6 - Stockholders' Equity (

Note 6 - Stockholders' Equity (Details Textual) - $ / shares $ / shares in Thousands	Dec. 31, 2017	Dec. 31, 2016
Common Stock, No Par Value	$ 0	$ 0
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Outstanding	45,572,568	45,572,568

Note 7 - Stock Options and St29

Note 7 - Stock Options and Stock Warrants (Details Textual) - shares	Oct. 15, 2015	Apr. 30, 2014
Class of Warrant or Right, Issued During Period, Term	2 years
The 2014 Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		1,250,000

Note 7 - Stock Options and St30

Note 7 - Stock Options and Stock Warrants - Summary of Warrants Outstanding (Details) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Outstanding at beginning of year (in shares)	464,000	464,000
Outstanding at beginning of year, exercise price (in CAD per share)	$ 0.07	$ 0.07
Issued (in shares)
Issued, exercise price (in CAD per share)
Exercised (in shares)
Expired (in shares)	464,000
Outstanding at end of year (in shares)		464,000
Outstanding at end of year, exercise price (in CAD per share)		$ 0.07

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual)	Dec. 31, 2017USD ($)
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$ 30,983,000

Note 8 - Income Taxes - Net Def

Note 8 - Income Taxes - Net Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Net operating loss carryforwards	$ 6,507,000	$ 6,458,000
Valuation allowance	(6,507,000)	(6,458,000)
Net deferred tax assets	$ 0	$ 0

Note 8 - Income Taxes - Effecti

Note 8 - Income Taxes - Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Federal statutory tax rate	21.00%	21.00%
Valuation allowance on net operating carryforwards	(21.00%)	(21.00%)
Effective income tax rate	0.00%	0.00%

Note 9 - Related Parties (Detai

Note 9 - Related Parties (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Research and Development Expense [Member]
Related Party Transaction, Expenses from Transactions with Related Party	$ 47,490	$ 240,370
Reimbursement [Member]
Related Party Transaction, Amounts of Transaction	31,622	25,770
Advance from Related Parties [Member]
Related Party Transaction, Amounts of Transaction	$ 262,000	$ 150,000

Note 10 - Operating Leases (Det

Note 10 - Operating Leases (Details Textual)	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2017CAD ($)	Dec. 31, 2016USD ($)
Vancouver, CA Operating Lease [Member]
Operating Leases, Monthly Rent Expense		$ 3,575
Operating Leases, Rent Expense, Net	$ 32,970		$ 27,219
Connecticut, US Operating Lease [Member]
Operating Leases, Monthly Rent Expense	500
Operating Leases, Rent Expense, Net	$ 6,000		$ 6,000

Note 11 - Quarterly Financial36

Note 11 - Quarterly Financial Information (Unaudited) - Summary of Quarterly Financial Information (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Revenue	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Expenses	(37,920)	(86,086)	(56,288)	(50,405)	(69,706)	(124,803)	(166,968)	(91,763)	(230,699)	(453,240)
Net Gain(Loss)	$ (37,920)	$ (86,086)	$ (56,288)	$ (50,405)	$ (69,706)	$ (124,803)	$ (166,968)	$ (91,763)	$ (230,699)	$ (453,240)
Basic and Diluted (in dollars per share)	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ (0.01)	$ (0.01)