Oculus VisionTech (OVTZ) 10-K 15 Mar 21 2020 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Mar. 15, 2021	Jun. 30, 2020
Document Information [Line Items]
Entity Registrant Name	OCULUS VISIONTECH INC.
Entity Central Index Key	0001107280
Trading Symbol	ovtz
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		86,522,569
Entity Public Float			$ 22.8
Entity Shell Company	false
Document Type	10-K
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false
Title of 12(g) Security	Common Shares

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 490,190	$ 382,452
Prepaid expenses and other current assets	6,082	1,267
Total Assets	496,272	383,719
Current Liabilities:
Accounts payable and accrued expenses	32,329	5,431
Accounts payable and accrued expenses - related parties	135,738	129,985
Total current liabilities	168,067	135,416
Commitments and Contingencies
Stockholders' Equity:
Preferred stock - no par value; authorized 250,000,000 shares, none issued
Common stock and additional paid-in capital - no par value; authorized 500,000,000 shares, issued and outstanding 86,522,569 and 67,022,568	44,073,257	41,634,999
Commitment to issue shares	414,128
Accumulated deficit	(44,159,180)	(41,386,696)
Stockholders' equity	328,205	248,303
Total Liabilities and Stockholders' Equity	$ 496,272	$ 383,719

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares $ / shares in Thousands	Dec. 31, 2020	Dec. 31, 2019
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)	86,522,569	67,022,568
Common stock, shares outstanding (in shares)	86,522,569	67,022,568

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenue
Expenses:
Research and development	254,281
Selling, general and administrative	266,567	196,621
Stock-based compensation	284,793
Impairment of intangible assets	1,966,939
Total expenses	2,772,580	196,621
Loss from operations	(2,772,580)	(196,621)
Other income
Interest income	96	449
Gain on settlement of accounts payable		3,307
Nonoperating Income (Expense), Total	96	3,756
Net loss	$ (2,772,484)	$ (192,865)
Net loss per share - basic and diluted (in dollars per share)	$ (0.04)
Weighted-average number of common shares outstanding - basic and diluted (in shares)	75,356,815	57,032,157

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficiency) - USD ($)	Common Stock Including Additional Paid in Capital [Member]	Commitment to Issue Shares [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2018	45,572,568
Balance at Dec. 31, 2018	$ 40,458,297		$ (41,193,831)	$ (735,534)
Stock Issued During Period, Shares, New Issues (in shares)	21,450,000
Sale of common stock	$ 1,176,702			1,176,702
Net loss			(192,865)	(192,865)
Balance (in shares) at Dec. 31, 2019	67,022,568
Balance at Dec. 31, 2019	$ 41,634,999		(41,386,696)	248,303
Stock Issued During Period, Shares, New Issues (in shares)	7,000,001
Sale of common stock	$ 773,038			773,038
Net loss			(2,772,484)	(2,772,484)
Shares issued for asset acquisition (in shares)	12,500,000
Shares issued for asset acquisition	$ 1,380,427			1,380,427
Contingent consideration		414,128		414,128
Share-based compensation	$ 284,793			284,793
Balance (in shares) at Dec. 31, 2020	86,522,569
Balance at Dec. 31, 2020	$ 44,073,257	$ 414,128	$ (44,159,180)	$ 328,205

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Deficiency) (Parentheticals)	12 Months Ended
	Dec. 31, 2019USD ($)
Issuance cost	$ 32,416

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended				12 Months Ended
	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net loss	$ (2,317,825)	$ (73,269)	$ (27,882)	$ (52,680)	$ (2,772,484)	$ (192,865)	$ (183,279)
Add back non-cash share-based compensation					284,793
Add back non-cash impairment of intangible assets					1,966,939
Changes in operating assets and liabilities:
Decrease (increase) in prepaid expenses and other current assets					(4,815)	(75)
Increase (decrease) in accounts payable and accrued expenses					(259,655)	(51,446)
Increase (decrease) in accounts payable and accrued expenses due to related parties					5,753	(555,436)
Net cash used in operating activities					(779,469)	(799,822)
Cash flows from investing activities
Cash acquired on asset acquisition					114,169
Net cash from investing activities					114,169
Cash flows from financing activities
Proceeds from the sale of common stock					773,038	1,176,702
Net cash from financing activities					773,038	1,176,702
Net increase in cash and cash equivalents					107,738	376,880
Cash and cash equivalents at beginning of year		$ 382,452		$ 5,572	382,452	5,572
Cash and cash equivalents at end of year	$ 490,190		$ 382,452		490,190	382,452	$ 5,572
Supplemental disclosures of cash flow information:
Cash paid during the period for interest
Cash paid during the period for income taxes
Non-Cash Financing and Investing Activities
Common stock issued on acquisition					1,380,427
Intangible acquired on acquisition					$ (1,966,939)
Warrants issued on acquisition (in shares)					414,128
Account payable acquired on acquisition					$ 172,384

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation and Business	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. BASIS OF PRESENTATION AND BUSINESS The accompanying consolidated financial statements include the accounts of Oculus and its wholly-owned subsidiaries, USVO Inc. (dissolved December 31, 2019) 6 Oculus VisionTech, Inc. (the " Company December 31, 2020 two

Note 2 - Going Concern

Note 2 - Going Concern	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]	2. GOING CONCERN 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 a loss of $2,772,484 December 31, 2020 $192,865 $183,279 December 31, 2019. December 31, 2020, $44,159,180 $328,205. not

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Significant Accounting Policies [Text Block]	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. 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, 2020 2019, 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 2020 2019. 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 no 2020 2019. 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 2020 2019. 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 basis 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, 2020 2019. Basic loss per common share (" EPS December 31, 2020 2019 no Management does not not

Note 4 - Prepaid Expenses and O

Note 4 - Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 31, 2020
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: 2020 2019 Prepaid expenses $ 1,030 $ - Tax Receivable – Canadian GST 5,052 1,267 $ 6,082 $ 1,267

Note 5 - Accounts Payable and A

Note 5 - Accounts Payable and Accrued Expenses	12 Months Ended
	Dec. 31, 2020
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: 2020 2019 Accounts payable $ 16,670 $ 5,048 Accrued fees and expenses 15,659 383 $ 32,329 $ 5,431 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 - Acquisition of OCL Tec

Note 6 - Acquisition of OCL Technologies Corp.	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	6. ACQUISITION OF OCL TECHNOLOGIES CORP. During the year ended December 31, 2020, 100% 12,500,000 $1,380,427 12,500,000 $414,128. not 805 10. Purchase Price Issuance of 12,500,000 shares $ 1,380,427 Contingent consideration - warrants 414,128 Transaction costs 54,532 Total Purchase Price $ 1,849,087 Contingent consideration consists of 12,500,000 12,500,000 $0.001 five June 4, 2025. No 1 5 2 3 $414,128. Purchase Price Allocation Cash $ 114,169 Accounts payable and due from related party (232,021 ) Intangible asset 1,966,939 Total Purchase Price $ 1,849,087 During the year ended December 31, 2020, $1,966,939.

Note 7 - Common Stock

Note 7 - Common Stock	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	7. COMMON STOCK The Company has one no 500,000,000 86,522,569 67,022,568 December 31, 2020 2019, On June 19, 2019, 7,500,000 $0.075 On June 19, 2019, 13,950,000 $0.075 On June 5, 2020, 12,500,000 $0.15 On June 5, 2020, 7,000,001 1,766,667 $0.15

Note 8 - Stock Options

Note 8 - Stock Options	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	8. STOCK OPTIONS During the year ended December 31, 2020, 10% may During the year ended December 31, 2020, i) granted 3,600,000 3,600,000 $0.35CAD July 21, 2023. $909,900CAD, 125%; 3 0.27%; Nil; $0.35. 20% 6 January 21, 2020. December 31, 2020, $369,597CAD $283,307US ii) granted 250,000 250,000 $0.45CAD December 21, 2023. $75,800CAD, 125%; 3 0.02%; Nil; $0.425. 20% 6 June 21, 2021. December 31, 2020, $1,899CAD $1,486US

Note 9 - COVID-19

Note 9 - COVID-19	12 Months Ended
	Dec. 31, 2020
COVID-19 [Member]
Notes to Financial Statements
Unusual or Infrequent Items, or Both, Disclosure [Text Block]	9. COVID- 19 In December 2019, 19 January 2020, March 2020, 19 19 none

Note 10 - Income Taxes

Note 10 - Income Taxes	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	10. INCOME TAXES As of December 31, 2020, $31,116,000., 2040. not 100% The components of the net deferred tax assets are as follows: December 31, 2020 2019 Net operating loss carry-forwards $ 6,755,000 $ 6,586,000 Valuation allowance (6,755,000 ) (6,586,000 ) Net deferred tax assets $ - $ - The reconciliation of the effective income tax rate to the federal statutory rate are as follows: Year Ended December 31, 2020 2019 Federal statutory tax rate 21 % 21 % Valuation allowance on net operating loss carryforwards (21 ) (21 ) Effective income tax rate 0 % 0 % As of December 31, 2020, December 31, 2019 December 31, 2018. 2019.

Note 11 - Related Parties

Note 11 - Related Parties	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	11. RELATED PARTIES The Company for the years ended December 31, 2020 2019 $27,479 $25,184, no December 31, 2020 2019. $Nil $555,000 2020 2019,

Note 12 - Operating Leases

Note 12 - Operating Leases	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Leases of Lessee Disclosure [Text Block]	12. OPERATING LEASES The Company has one third The lease at the Vancouver, Canada location is on a month-to-month basis with monthly rental payments of $3,950 December 31, 2020 2019 $36,340 $38,651,

Note 13 - Quarterly Financial I

Note 13 - Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Quarterly Financial Information [Text Block]	13. QUARTERLY FINANCIAL INFORMATION (UNAUDITED) The following table summarizes selected quarterly data for the years ended December 31, 2020 2019: Year Ended December 31, 2020 First Quarter Second Quarter Third Quarter Fourth Quarter Full Year Revenue $ - $ - $ - $ - $ - Expenses and other items $ (73,269 ) $ (84,417 ) $ (296,973 ) $ (2,317,825 ) $ (2,772,484 ) Net gain (loss) $ (73,269 ) $ (84,417 ) $ (296,973 ) $ (2,317,825 ) $ (2,772,484 ) Net gain (loss) per common share – Basic and diluted $ - $ - $ - $ (0.04) $ (0.04) Year Ended December 31, 2019 First Quarter Second Quarter Third Quarter Fourth Quarter Full Year Revenue $ - $ - $ - $ - $ - Expenses and other items $ (52,680 ) $ (69,486 ) $ (42,817 ) $ (27,882 ) $ (192,865 ) Net gain (loss) $ (52,680 ) $ (69,486 ) $ (42,817 ) $ (27,882 ) $ (192,865 ) Net gain (loss) per common share – Basic and diluted $ - $ - $ - $ - $ -

Note 14 - Subsequent Event

Note 14 - Subsequent Event	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Subsequent Events [Text Block]	14. SUBSEQUENT EVENT Subsequent to December 31, 2020, 500,000 3 $1.20 January 21, 2021,

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. 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
Accounts Receivable [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, 2020 2019, no
Revenue [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 2020 2019. 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 no 2020 2019. 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 2020 2019.
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 basis 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, 2020 2019.
Earnings Per Share, Policy [Policy Text Block]	Basic loss per common share (" EPS December 31, 2020 2019 no
New Accounting Pronouncements, Policy [Policy Text Block]	Management does not not

Note 4 - Prepaid Expenses and_2

Note 4 - Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	2020 2019 Prepaid expenses $ 1,030 $ - Tax Receivable – Canadian GST 5,052 1,267 $ 6,082 $ 1,267

Note 5 - Accounts Payable and_2

Note 5 - Accounts Payable and Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	2020 2019 Accounts payable $ 16,670 $ 5,048 Accrued fees and expenses 15,659 383 $ 32,329 $ 5,431

Note 6 - Acquisition of OCL T_2

Note 6 - Acquisition of OCL Technologies Corp. (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Purchase Price Issuance of 12,500,000 shares $ 1,380,427 Contingent consideration - warrants 414,128 Transaction costs 54,532 Total Purchase Price $ 1,849,087
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Purchase Price Allocation Cash $ 114,169 Accounts payable and due from related party (232,021 ) Intangible asset 1,966,939 Total Purchase Price $ 1,849,087

Note 10 - Income Taxes (Tables)

Note 10 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 2020 2019 Net operating loss carry-forwards $ 6,755,000 $ 6,586,000 Valuation allowance (6,755,000 ) (6,586,000 ) Net deferred tax assets $ - $ -
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year Ended December 31, 2020 2019 Federal statutory tax rate 21 % 21 % Valuation allowance on net operating loss carryforwards (21 ) (21 ) Effective income tax rate 0 % 0 %

Note 13 - Quarterly Financial_2

Note 13 - Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Quarterly Financial Information [Table Text Block]	Year Ended December 31, 2020 First Quarter Second Quarter Third Quarter Fourth Quarter Full Year Revenue $ - $ - $ - $ - $ - Expenses and other items $ (73,269 ) $ (84,417 ) $ (296,973 ) $ (2,317,825 ) $ (2,772,484 ) Net gain (loss) $ (73,269 ) $ (84,417 ) $ (296,973 ) $ (2,317,825 ) $ (2,772,484 ) Net gain (loss) per common share – Basic and diluted $ - $ - $ - $ (0.04) $ (0.04) Year Ended December 31, 2019 First Quarter Second Quarter Third Quarter Fourth Quarter Full Year Revenue $ - $ - $ - $ - $ - Expenses and other items $ (52,680 ) $ (69,486 ) $ (42,817 ) $ (27,882 ) $ (192,865 ) Net gain (loss) $ (52,680 ) $ (69,486 ) $ (42,817 ) $ (27,882 ) $ (192,865 ) Net gain (loss) per common share – Basic and diluted $ - $ - $ - $ - $ -

Note 2 - Going Concern (Details

Note 2 - Going Concern (Details Textual) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net Income (Loss) Attributable to Parent, Total	$ (2,317,825)	$ (296,973)	$ (84,417)	$ (73,269)	$ (27,882)	$ (42,817)	$ (69,486)	$ (52,680)	$ (2,772,484)	$ (192,865)	$ (183,279)
Retained Earnings (Accumulated Deficit), Ending Balance	(44,159,180)				$ (41,386,696)				(44,159,180)	$ (41,386,696)
Working Capital (Deficit)	$ 328,205								$ 328,205

Note 3 - Summary of Significa_2

Note 3 - Summary of Significant Accounting Policies (Details Textual) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accounts Receivable, after Allowance for Credit Loss, Total	$ 0	$ 0
Revenue from Contract with Customer, Including Assessed Tax
Weighted Average Number Diluted Shares Outstanding Adjustment, Total (in shares)	0	0
Hardware [Member}
Revenue from Contract with Customer, Including Assessed Tax	$ 0	$ 0
Software [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0
Digital Watermarketing Software Usage [Mmember]
Revenue from Contract with Customer, Including Assessed Tax	$ 0	$ 0

Note 4 - Prepaid Expenses and_3

Note 4 - Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Prepaid expenses	$ 1,030
Tax Receivable – Canadian GST	5,052	1,267
Prepaid Expense and Other Assets, Current	$ 6,082	$ 1,267

Note 5 - Accounts Payable and_3

Note 5 - Accounts Payable and Accrued Expenses - Summary of Accounts Payable and Accrued Expenses (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Accounts payable	$ 16,670	$ 5,048
Accrued fees and expenses	15,659	383
Accounts Payable and Accrued Liabilities, Current, Total	$ 32,329	$ 5,431

Note 6 - Acquisition of OCL T_3

Note 6 - Acquisition of OCL Technologies Corp. (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 1,380,427
Warrants and Rights Outstanding	414,128
Impairment of Intangible Assets (Excluding Goodwill), Total	$ 1,966,939
OCL Technologies Corp [Member]
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)	12,500,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 1,380,427
Warrants and Rights Outstanding	414,128
OCL Technologies Corp [Member] | Warrants Issued in Connection With Business Acquisition [Member]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 414,128
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	12,500,000
Warrants and Rights Outstanding	$ 414,128
Class of Warrant or Right, Outstanding (in shares)	12,500,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)	$ 0.001
Warrants and Rights Outstanding, Term (Year)	5 years

Note 6 - Acquisition of OCL T_4

Note 6 - Acquisition of OCL Technologies Corp. - Purchase Price (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Common stock issued on acquisition	$ 1,380,427
OCL Technologies Corp [Member]
Common stock issued on acquisition	1,380,427
Transaction costs	54,532
Total Purchase Price	1,849,087
OCL Technologies Corp [Member] | Warrants Issued in Connection With Business Acquisition [Member]
Common stock issued on acquisition	$ 414,128

Note 6 - Acquisition of OCL T_5

Note 6 - Acquisition of OCL Technologies Corp. - Purchase Price (Details) (Parentheticals)	12 Months Ended
	Dec. 31, 2020shares
OCL Technologies Corp [Member]
Shares issued (in shares)	12,500,000

Note 6 - Acquisition of OCL T_6

Note 6 - Acquisition of OCL Technologies Corp. - Purchase Price Allocation (Details) - OCL Technologies Corp [Member]	Dec. 31, 2020USD ($)
Cash	$ 114,169
Accounts payable and due from related party	(232,021)
Intangible asset	1,966,939
Total Purchase Price	$ 1,849,087

Note 7 - Common Stock (Details

Note 7 - Common Stock (Details Textual) $ / shares in Thousands	Jun. 05, 2020$ / sharesshares	Jun. 19, 2019$ / sharesshares	Dec. 31, 2020$ / sharesshares	Dec. 31, 2019$ / sharesshares
Common Stock, No Par Value (in dollars per share) | $ / shares			$ 0	$ 0
Common Stock, Shares Authorized (in shares)			500,000,000	500,000,000
Common Stock, Shares, Outstanding, Ending Balance (in shares)			86,522,569	67,022,568
Employee and Directors [Member]
Stock Issued During Period, Shares, New Issues (in shares)	1,766,667	7,500,000
Shares Issued, Price Per Share (in CAD per share) | $ / shares	$ 0.15	$ 0.075
Investors [Member]
Stock Issued During Period, Shares, New Issues (in shares)	7,000,001	13,950,000
Shares Issued, Price Per Share (in CAD per share) | $ / shares	$ 0.15	$ 0.075
OCL Technologies Corp [Member]
Stock Issued During Period, Shares, New Issues (in shares)	12,500,000
Shares Issued, Price Per Share (in CAD per share) | $ / shares	$ 0.15

Note 8 - Stock Options (Details

Note 8 - Stock Options (Details Textual)	Dec. 21, 2020CAD ($)$ / sharesshares	Jul. 21, 2020CAD ($)$ / sharesshares	Dec. 31, 2020USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2019USD ($)
Share-based Payment Arrangement, Expense | $			$ 284,793
Rolling Stock Option Plan [Member]
Share-based Compensation Arrangement, Percent of Issued and Outstanding Common Shares Reserved			10.00%	10.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | shares	250,000	3,600,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number (in shares) | shares	250,000	3,600,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in CAD per share) | $ / shares	$ 0.45	$ 0.35
Share-based Compensation Arrangement by Share-based Payment Award, Options, Fair Value | $	$ 75,800	$ 909,900
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price (in CAD per share) | $ / shares	$ 0.425	$ 0.35
Rolling Stock Option Plan [Member] | Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	125.00%	125.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Year)	3 years	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Discount for Postvesting Restrictions	0.02%	0.27%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%	0.00%
Rolling Stock Option Plan [Member] | Share-based Payment Arrangement, Option [Member] | July 2020 [Member]
Share-based Payment Arrangement, Expense			$ 283,307	$ 369,597
Rolling Stock Option Plan [Member] | Share-based Payment Arrangement, Option [Member] | December 2020 [Member]
Share-based Payment Arrangement, Expense			$ 1,486	$ 1,899
Rolling Stock Option Plan [Member] | Share-based Payment Arrangement, Option [Member] | Share-based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	20.00%	20.00%

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual)	Dec. 31, 2020USD ($)
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$ 31,116,000

Note 10 - Income Taxes - Net De

Note 10 - Income Taxes - Net Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Net operating loss carry-forwards	$ 6,755,000	$ 6,586,000
Valuation allowance	(6,755,000)	(6,586,000)
Net deferred tax assets

Note 10 - Income Taxes - Effect

Note 10 - Income Taxes - Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Federal statutory tax rate	21.00%	21.00%
Valuation allowance on net operating loss carryforwards	(21.00%)	(21.00%)
Effective income tax rate	0.00%	0.00%

Note 11 - Related Parties (Deta

Note 11 - Related Parties (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Research and Development Expense [Member]
Related Party Transaction, Expenses from Transactions with Related Party	$ 0	$ 0
Reimbursement [Member]
Related Party Transaction, Amounts of Transaction	27,479	25,184
Advance from Related Parties [Member]
Related Party Transaction, Amounts of Transaction	$ 0	$ (555,000)

Note 12 - Operating Leases (Det

Note 12 - Operating Leases (Details Textual) - Vancouver, CA Operating Lease [Member]	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2019USD ($)
Operating Leases, Monthly Rent Expense		$ 3,950
Operating Leases, Rent Expense, Net, Total	$ 36,340		$ 38,651

Note 13 - Quarterly Financial_3

Note 13 - Quarterly Financial Information (Unaudited) - Summary of Quarterly Financial Information (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue
Expenses and other items	(2,317,825)	(296,973)	(84,417)	(73,269)	(27,882)	(42,817)	(69,486)	(52,680)	(2,772,484)	(192,865)
Net loss	$ (2,317,825)	$ (296,973)	$ (84,417)	$ (73,269)	$ (27,882)	$ (42,817)	$ (69,486)	$ (52,680)	$ (2,772,484)	$ (192,865)	$ (183,279)
Net gain (loss) per common share – Basic and diluted (in dollars per share)	$ (0.04)								$ (0.04)

Note 14 - Subsequent Event (Det

Note 14 - Subsequent Event (Details Textual) - Subsequent Event [Member]	2 Months Ended
	Mar. 15, 2021$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | shares	500,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in CAD per share) | $ / shares	$ 1.20
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)	3 years