Stockholders' Equity Note Disclosure [Text Block] | NOTE 4 2018 In January 2018, 2,900,000 $0.95 one 0.3 one $1.00 $2,755,000, 45 290,000 87,000 $0.001 February 21, 2018, 215,247 $0.01, $0.9497 $188,066 $16,354 8% Share Exchange Agreement With Helomics On January 11, 2018, 2,500,000 1,100,000 March 2018 $500,000 5% 25% $500,000 1,100,000 12 $8,000,000. 20% may Merger Agreement with Helomics On June 28, 2018, October 26, 2018, 9. not 7.5 1.1 20% 860,000 18 $7.6 18.7 $1.00 5.0 $1.00 75% $7.6 0.6 $1.00 23.7 14.2 $1.00 995,000 $0.01 597,000 $0.01 Under the Merger Agreement, completion of the Merger is subject to customary closing conditions including the approval of the Merger by the stockholders of both companies and other conditions. The Merger Agreement likewise contains customary representations, warranties and covenants, including covenants obligating each of the Company and Helomics to continue to conduct their respective businesses in the ordinary course, and to provide reasonable access to each other’s information. Finally, the Merger Agreement contains certain termination rights in favor of each of the Company and Helomics. On July 10 11, 2018, 250,000 $0.01, $1.18 750,000 $0.01, $1.17 Increases in Authorized Shares At a special meeting of the stockholders on January 29, 2017, 8,000,000 24,000,000 At the annual meeting on December 28, 2017, 24,000,000 50,000,000 $0.01 January 2, 2018. Equity Incentive Plan The Company has an equity incentive plan, which allows issuance of incentive and non-qualified stock options to employees, directors and consultants of the Company, where permitted under the plan. The exercise price for each stock option is determined by the Board of Directors. Vesting requirements are determined by the Board of Directors when granted and currently range from immediate to three three ten Accounting for share-based payment The Company uses the Black-Scholes option valuation model which requires the input of significant assumptions including an estimate of the average period of time employees will retain vested stock options before exercising them, the estimated volatility of the Company's common stock price over the expected term, the expected dividend rate, the risk-free interest rate, and forfeiture taken at occurrence. Changes in the assumptions can materially affect the estimate of fair value of stock-based compensation and, consequently, the related expense recognized. The assumptions the Company uses in calculating the fair value of stock-based payment awards represent the Company's best estimates, which involve inherent uncertainties and the application of management's judgment. As a result, if factors change and the Company uses different assumptions, the Company's equity-based compensation expense could be materially different in the future. Since the Company's common stock has no no 2 7 15 10 When an option or warrant is granted in place of cash compensation for services, the Company deems the value of the service rendered to be the value of the option or warrant. In most cases, however, an option or warrant is granted in addition to other forms of compensation and its separate value is difficult to determine without utilizing an option pricing model. For that reason the Company also uses the Black-Scholes option-pricing model to value options and warrants granted to non-employees, which requires the input of significant assumptions including an estimate of the average period the investors or consultants will retain vested stock options and warrants before exercising them, the estimated volatility of the Company's common stock price over the expected term, the number of options and warrants that will ultimately be forfeited before completing vesting requirements, the expected dividend rate and the risk-free interest rate. Changes in the assumptions can materially affect the estimate of fair value of stock-based consulting and/or compensation and, consequently, the related expense recognized. Since the Company has limited trading history in its stock and no first Valuation and accounting for options and warrants The Company determines the grant date fair value of options and warrants using a Black-Scholes option valuation model based upon assumptions regarding risk-free interest rate, expected dividend rate, volatility and estimated term. On January 15, 2018, 50,000 $0.01 $0.97 four third fourth On March 12, 2018, 111,112 $0.01 $1.35 four third fourth For grants of stock option and warrants in 2018 2.33% 3.05% 0% 59% 66% 5 10 $0.4816 $1.0044 The following summarizes transactions for stock options and warrants for the periods indicated: Stock Options Warrants Number of Shares Average Exercise Price Number of Shares Average Exercise Price Outstanding at December 31, 2016 165,643 $ 11.22 871,101 $ 52.22 Issued 2,612,070 1.45 1,082,946 1.49 Expired (12,730 ) 10.39 (2,790 ) 281.46 Exercised - - - - Outstanding at December 31, 2017 2,764,983 $ 2.00 1,951,257 $ 23.74 Issued 836,950 1.12 2,028,776 1.08 Expired (153,048 ) 2.00 (10,706 ) 199.55 Exercised - - (650,062 ) 1.00 Outstanding at September 30, 2018 3,448,885 $ 1.78 3,319,265 $ 4.55 At September 30, 2018, 2,522,848 $1.93 9.01 2,247,489 nine September 2018 September 2017 $800,322 7,908 $930,349 21 The following summarizes the status of options and warrants outstanding at September 30, 2018: Range of Prices Shares Weighted Remaining Life Options $ 0.91 10,000 9.55 $ 0.965 3,000 9.63 $ 0.97 191,753 9.27 $ 1.01 149,110 9.38 $ 1.06 23,585 10.00 $ 1.10 86,958 9.71 $ 1.13 195,931 9.80 $ 1.15 21,740 9.84 $ 1.16 66,451 9.84 $ 1.18 30,000 9.86 $ 1.20 41,668 9.84 $ 1.21 30,000 9.86 $ 1.35 111,112 9.45 $ 1.454 17,200 9.01 $ 1.47 2,347,308 8.73 $ 2.10 14,286 8.50 $ 2.25 293 7.90 $ 2.42 20,640 7.84 $ 2.80 57,145 8.26 $ 3.75 3,998 5.24 $ 4.125 3,636 8.01 $ 4.1975 7,147 7.97 $ 4.25 3,529 7.50 $ 5.125 3,902 7.94 $ 65.75 190 7.06 $ 73.50 1,157 7.26 $ 77.50 2,323 6.75 $ 80.25 187 7.01 $ 86.25 232 6.50 $ 131.25 81 3.94 $ 148.125 928 4.47 $ 150.00 1,760 3.88 $ 162.50 123 6.26 $ 206.25 121 6.01 $ 248.4375 121 4.79 $ 262.50 130 4.79 $ 281.25 529 4.30 $ 318.75 3 4.60 $ 346.875 72 5.50 $ 431.25 306 5.44 $ 506.25 188 5.25 $ 596.25 42 5.00 3,448,885 Warrants $ 1.00 1,063,935 4.60 $ 1.07 697,946 4.10 $ 1.155 1,071,776 5.00 $ 2.25 385,000 3.32 $ 123.75 94,084 1.92 $ 243.75 2,529 0.84 $ 309.375 2,850 0.86 $ 309.50 222 1.10 $ 506.25 59 0.38 $ 609.375 862 0.34 3,319,265 At the annual meeting on December 28, 2017, 2012 5,000,000, December 4, 2017, 2012 2016 July 28, 2016 not 2.5 2016 not 2012 2017 December 28, 2017. $1.9 fourth 2017. Stock Options and Warrants Granted by the Company The following table is the listing of stock options and warrants as of September 30, 2018 Stock Options: Year Shares Price 2011 173 $281.25 2012 1,841 131.25 – 150.00 2013 1,553 148.13 – 596.25 2014 836 162.50 – 431.25 2015 4,088 65.75 – 86.25 2016 100,292 2.25 – 5.13 2017 2,503,152 1.01 - 2.10 2018 836,950 0.91 - 1.35 Total 3,448,885 $0.91 – $596.25 Warrants: Year Shares Price 2014 6,455 $243.75 – $609.38 2015 94,151 0.00 – 243.75 2016 252,333 1.00 2017 1,082,946 1.07 - 2.25 2018 1,883,380 1.00 - 1.155 Total 3,319,265 $0.00 – $609.38 | NOTE 3 2015 On August 31, 2015 ( 1,666,667 $9.00 $8.28 $0.72 8.00% $13.8 45 250,000 not 1% $70,000. On August 31, 2015, 228,343 1,895,010 75,801 1,895,010 7,580,040 Each Unit consisted of one $0.01 one four February 29, 2016. For a description of the terms of the Series B Convertible Preferred Stock included within the Units, see “Certificate of Designation for Series B Preferred Stock” below. For a description of the terms of the Series A Warrants included within the Units, see “Series A Warrants” below. Series A Warrants August 31, 2020. one $123.75 Holders may Total Shares = (A x Where: ☐ Total Shares is the number of shares of Common Stock to be issued upon a Cashless Exercise. ☐ A is the total number of shares with respect to which the Series A Warrant is then being exercised. ☐ B is the Black Scholes Value (as defined below). ☐ C is the closing bid price of the Common Stock as of two no may $0.43 The Black Scholes Value (as defined above) as of September 30, 2016 $4.319, September 30, 2016, $4.125. .40 6,141,115 September 30, 2016, 2,318,663 35,084 August 31, 2015 two $0.43 $4.319 September 30, 2016), 564 The Series A Warrants will not 4.99% 13 1934, In addition to (but not three 1 2 Unit Purchase Option The Company, in connection with the Offering, entered into a Unit Purchase Option Agreement, dated as of August 31, 2015 ( 5% 83,333 125% $11.25 May 2016 135,995 Series B Preferred Stock Each share of Series B Preferred Stock is convertible into one six not 4.99% no No Unit Exchange On February 4, 2014, $2,055,000 20,550 $0.01, $100 February 4, 2014. August 31, 2015, 228,343 3,391 3 9 August 31, 2015, no Redemption of Convertible Notes In connection with the closing of the Offering, $933,074 40% $1,548,792. 4. $167,031 Registered Exchange Offer for Warrants On March 25, 2016, $0.01 3,157,186 March 31, 2016, 10.05 may one 10.2 one April 21, 2016. 1,770,556 18,059,671 March 31, 2016 July 6, 2016 1,251,510 20,122 2016 On November 29, 2016, $1,983,337. 756,999 $2.62 five 756,999 six $4.46 $1,739,770. 2017 On January 19, 2017 1,750,000 $2.25 one 0.2 one $2.25 $3,937,500. 175,000 35,000 $0.01 $358,312. 2017 On November 30, 2017, 1,213,819 $1.071 606,910 $1.26 five one six $1,300,000 1.167 1,250,269 142,466 $189,285. Equity Incentive Plan The Company has an equity incentive plan, which allows issuance of incentive and non-qualified stock options to employees, directors and consultants of the Company, where permitted under the plan. The exercise price for each stock option is determined by the Board of Directors. Vesting requirements are determined by the Board of Directors when granted and currently range from immediate to three three ten Accounting for share-based payment The Company has adopted ASC 718 Compensation-Stock Compensation 718" 718 January 1, 2006 January 1, 2006. January 1, 2006, not ASC 718 Since the Company's common stock has no no 2 7 15 10 When an option or warrant is granted in place of cash compensation for services, the Company deems the value of the service rendered to be the value of the option or warrant. In most cases, however, an option or warrant is granted in addition to other forms of compensation and its separate value is difficult to determine without utilizing an option pricing model. For that reason the Company also uses the Black-Scholes option-pricing model to value options and warrants granted to non-employees, which requires the input of significant assumptions including an estimate of the average period the investors or consultants will retain vested stock options and warrants before exercising them, the estimated volatility of the Company's common stock price over the expected term, the number of options and warrants that will ultimately be forfeited before completing vesting requirements, the expected dividend rate and the risk-free interest rate. Changes in the assumptions can materially affect the estimate of fair value of stock-based consulting and/or compensation and, consequently, the related expense recognized. Since the Company has limited trading history in its stock and no first Valuation and accounting for options and warrants The Company determines the grant date fair value of options and warrants using a Black-Scholes option valuation model based upon assumptions regarding risk-free interest rate, expected dividend rate, volatility and estimated term. On July 1, 2016, 40,000 $0.01 $3.75 six fifth sixth On October 4, 2016, 400,000 $0.01, For grants of stock options and warrants in 2016 1.46% 2.45% 0% 59% 66% 5 10 $1.6329 $3.7195 On April 19, 2017, 400,000 $0.01, For grants of stock options and warrants in 2017 1.92% 2.40% 0% 59% 66% 5 10 $0.6541 $1.5489 The following summarizes transactions for stock options and warrants for the periods indicated: Stock Options Warrants Number of Average Number of Average Outstanding at December 31, 2015 31,350 $ 133.23 323,099 $ 128.40 Issued 157,982 3.14 1,487,881 0.71 Expired (22,377 ) 122.13 - - Exercised (1,312 ) 65.75 (939,879 ) - Outstanding at December 31, 2016 165,643 $ 11.22 871,101 $ 52.22 Issued 2,612,070 1.45 1,082,946 1.49 Expired (12,730 ) 10.39 (2,790 ) 281.46 Exercised - - - - Outstanding at December 31, 2017 2,764,983 $ 2.00 1,951,257 $ 23.74 At December 31, 2017, 1,728,264 $2.29 9.45 1,253,311 2017 2016 $1,892,159 $165,271, $1,139,172 24 The following summarizes the status of options and warrants outstanding at December 31, 2017: Range of Exercise Prices Shares Weighted Options: $ 1.01 124,358 10.00 $ 1.454 17,200 9.75 $ 1.47 2,456,226 9.48 $ 2.10 14,286 9.25 $ 2.25 293 8.65 $ 2.42 24,768 8.38 $ 2.80 57,145 9.01 $ 3.75 44,000 8.50 $ 4.125 3,636 8.75 $ 4.1975 7,147 8.72 $ 4.25 3,529 8.25 $ 5.125 3,902 8.69 $ 65.75 190 7.40 $ 73.50 1,157 8.01 $ 77.50 2,323 7.50 $ 80.25 187 7.75 $ 86.25 232 7.25 $ 131.25 81 4.69 $ 148.125 928 5.21 $ 150.00 1,760 4.63 $ 162.50 123 7.01 $ 206.25 121 6.75 $ 248.4375 121 5.54 $ 262.50 130 5.54 $ 281.25 529 5.04 $ 318.75 3 5.35 $ 346.875 72 6.25 $ 431.25 306 6.19 $ 506.25 188 6.00 $ 596.25 42 5.75 Total 2,764,983 Warrants $ 1.07 697,946 4.85 $ 2.25 385,000 4.06 $ 4.46 756,999 3.92 $ 93.75 2,255 0.19 $ 123.75 94,084 2.67 $ 150.00 4,114 0.20 $ 225.00 107 0.07 $ 243.75 2,529 1.59 $ 281.25 3,107 0.14 $ 309.375 2,850 1.61 $ 309.50 222 1.85 $ 337.50 178 0.46 $ 371.25 944 0.41 $ 506.25 59 1.12 $ 609.375 862 1.09 Total 1,951,257 Stock options and warrants expire on various dates from January 2018 December 2027. At a special meeting of stockholders held on September 15, 2016, 100,000,000 200,000,000 September 16, 2016, October 26, 2016, one twenty-five 1:25 200,000,000 8,000,000 5:00 October 27, 2016, October 28, 2016. may January 29, 2017. 8,000,000 24,000,000 December 28, 2017, January 2, 2018, 24,000,000 50,000,000 $0.01 2012 5,000,000, December 4, 2017, 2012 2016 not 2.5 2016 not 2012 2017 December 28, 2017. $1.9 fourth 2017. Stock Options and Warrants Granted by the Company The following table is the listing of stock options and warrants as of December 31, 2017 Stock Options: Year Shares Price 2011 173 281.25 2012 1,841 131.25 – 150.00 2013 1,553 148.13 – 596.25 2014 835 162.50 – 431.25 2015 4,088 65.75 – 86.25 2016 144,423 2.25 – 5.13 2017 2,612,070 1.01 – 2.10 Total 2,764,983 $ 1.01 – 596.25 Warrants: Year Shares Price 2013 10,705 93.75 – 371.25 2014 6,455 243.75 – 609.38 2015 94,152 0.00 – 243.75 2016 756,999 4.46 2017 1,082,946 1.07 – 2.25 Total 1,951,257 $ 0.00 – 609.38 |