Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Mar. 10, 2020 | Mar. 29, 2019 | |
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) | 67,022,568 | ||
Entity Public Float | $ 42,451,093 | ||
Entity Shell Company | false | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2019 | ||
Document Fiscal Year Focus | 2019 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Title of 12(b) Security | Common Stock |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
ASSETS | ||
Cash and cash equivalents | $ 382,452 | $ 5,572 |
Prepaid expenses and other current assets | 1,267 | 1,192 |
Total current assets | 383,719 | 6,764 |
Deferred Tax Assets, net of valuation allowance of $6,586,000 and $6,545,000 , respectively | ||
Total Assets | 383,719 | 6,764 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 5,431 | 56,877 |
Accounts payable and accrued expenses - related parties | 129,985 | 685,421 |
Total current liabilities | 135,416 | 742,298 |
Commitments and Contingencies | ||
Stockholders' Equity (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 67,022,568 and 45,572,568 | 41,634,999 | 40,458,297 |
Accumulated deficit | (41,386,696) | (41,193,831) |
Stockholders' equity (deficiency) | 248,303 | (735,534) |
Total Liabilities and Stockholders' Equity (Deficiency) | $ 383,719 | $ 6,764 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Deferred tax assets, valuation allowance | $ 6,586,000 | $ 6,545,000 |
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) | 67,022,568 | 45,572,568 |
Common stock, shares outstanding (in shares) | 67,022,568 | 45,572,568 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ / shares in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Expenses: | ||
Research and development | $ 4,763 | |
Selling, general and administrative | 196,621 | 178,516 |
Total expenses | (196,621) | (183,279) |
Loss from operations | (196,621) | (183,279) |
Other income | ||
Interest income | 449 | |
Gain on settlements of accounts payable | 3,307 | |
Total other income | 3,756 | |
Net loss | $ (192,865) | $ (183,279) |
Net loss per share - basic and diluted (in dollars per share) | ||
Weighted-average number of common shares outstanding - basic and diluted (in shares) | 57,032,157 | 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, 2017 | 45,572,568 | ||
Balance at Dec. 31, 2017 | $ 40,458,297 | $ (41,010,552) | $ (552,255) |
Net Income (Loss) Attributable to Parent, Total | (183,279) | (183,279) | |
Net loss | (183,279) | (183,279) | |
Balance (in shares) at Dec. 31, 2018 | 45,572,568 | ||
Balance at Dec. 31, 2018 | $ 40,458,297 | (41,193,831) | (735,534) |
Net Income (Loss) Attributable to Parent, Total | (192,865) | (192,865) | |
Sale of common stock, net of $32,416 of issuance cost (in shares) | 21,450,000 | ||
Sale of common stock, net of $32,416 of issuance cost | $ 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 |
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 ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Cash flows from operating activities: | ||
Net loss | $ (192,865) | $ (183,279) |
Changes in operating assets and liabilities: | ||
Decrease (increase) in prepaid expenses and other current assets | (75) | 27,679 |
Increase (decrease) in accounts payable and accrued expenses | (51,446) | 8,294 |
Increase (decrease) in accounts payable and accrued expenses due to related parties | (555,436) | 152,878 |
Net cash (used) provided in operating activities | (799,822) | 5,572 |
Cash flows from financing activities | ||
Proceeds from the sale of common stock | 1,176,702 | |
Net cash from financing activities | 1,176,702 | |
Net increase in cash and cash equivalents | 376,880 | 5,572 |
Cash and cash equivalents at beginning of year | 5,572 | |
Cash and cash equivalents at end of year | 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 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 12 Months Ended |
Dec. 31, 2019 | |
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. USVO Inc. was dissolved December 30, 2019. |
Note 2 - Business
Note 2 - Business | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | 2. BUSINESS: Oculus VisionTech, Inc. (the " Company December 31, 2019 two |
Note 3 - Summary of Significant
Note 3 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2019 | |
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 $192,865 $183,279 December 31, 2019 2018, $248,303 $41,386,696 December 31, 2019. not 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 3. SUMMARY OF Significant Accounting Policies: (continued) 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, 2019 2018, 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 2019 2018. 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 2019 2018. 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 2019 2018. 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, 2019 2018. Basic loss per common share (" EPS December 31, 2019 2018 no Management does not not |
Note 4 - Prepaid Expenses and O
Note 4 - Prepaid Expenses and Other Current Assets | 12 Months Ended |
Dec. 31, 2019 | |
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, 2019 2018 Taxes Receivable – Canadian GST 1,267 1,192 $ 1,267 $ 1,192 |
Note 5 - Accounts Payable and A
Note 5 - Accounts Payable and Accrued Expenses | 12 Months Ended |
Dec. 31, 2019 | |
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, 2019 2018 Accounts payable $ 5,048 $ 28,745 Accrued professional fees 383 24,825 Accrued payroll and related tax withholdings -0- 3,307 $ 5,431 $ 56,877 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, 2019 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 6. STOCKHOLDERS' EQUITY: The Company has one no 500,000,000 67,022,568 45,572,568 December 31, 2019 2018, |
Note 7 - Stock Options and Stoc
Note 7 - Stock Options and Stock Warrants | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [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 On September 30, 2019, 10% may 6,702,257 Internal Revenue Code of 1986 Code During the years ended December 31, 2019 2018, no During the years ended December 31, 2019 2018, no |
Note 8 - Income Taxes
Note 8 - Income Taxes | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 8. income taxes: As of December 31, 2019 $31,116,000, 2039. not 100% The components of the net deferred tax assets are as follows: December 31, 2019 2018 Net operating loss carryforwards $ 6,586,000 $ 6,545,000 Valuation allowance (6,586,000 ) (6,545,000 ) 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, 2019 2018 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, 2019, December 31, 2018 December 31, 2017. 2019. |
Note 9 - Related Parties
Note 9 - Related Parties | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 9. Related Parties: The Company for the years ended December 31, 2019 2018 $25,184 $19,552, no December 31, 2019 2018. $555,000 $153,000 2019 2018, |
Note 10 - Operating Leases
Note 10 - Operating Leases | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Leases of Lessee Disclosure [Text Block] | 10. OPERTATING LEASES: The Company has two third The lease at the Vancouver, Canada location is on a month to month basis with monthly rental payments of $3,950 December 31, 2019 2018 $35,651 $33,243, The lease at the Connecticut, United States location is on a month to month basis with monthly rental payments of $500. December 31, 2019 2018 $6,000 December 30, 2019, |
Note 11 - Quarterly Financial I
Note 11 - Quarterly Financial Information (Unaudited) | 12 Months Ended |
Dec. 31, 2019 | |
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, 2019 2018: First Quarter Second Quarter Third Quarter Fourth Quarter Full Year 2019: Revenue $ -0- $ -0- $ -0- $ -0- $ -0- Expenses (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 $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 ) 201 8 : Revenue $ -0- $ -0- $ -0- $ -0- $ -0- Expenses (37,861 ) (27,824 ) (25,984 ) (91,610 ) (183,279 ) Net Gain(Loss) (37,861 ) (27,824 ) (25,984 ) (91,610 ) (183,279 ) Net gain(loss) per common share Basic and Diluted $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 ) |
Note 12 - Subsequent Event
Note 12 - Subsequent Event | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 12. SUBSEQUENT eVENT: None. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
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 $192,865 $183,279 December 31, 2019 2018, $248,303 $41,386,696 December 31, 2019. not |
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, 2019 2018, 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 2019 2018. 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 2019 2018. 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 2019 2018. |
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, 2019 2018. |
Earnings Per Share, Policy [Policy Text Block] | Basic loss per common share (" EPS December 31, 2019 2018 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, 2019 | |
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, 2019 2018 Taxes Receivable – Canadian GST 1,267 1,192 $ 1,267 $ 1,192 |
Note 5 - Accounts Payable and_2
Note 5 - Accounts Payable and Accrued Expenses (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | Accounts payable and accrued expenses consist of the following: December 31, 2019 2018 Accounts payable $ 5,048 $ 28,745 Accrued professional fees 383 24,825 Accrued payroll and related tax withholdings -0- 3,307 $ 5,431 $ 56,877 |
Note 8 - Income Taxes (Tables)
Note 8 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | December 31, 2019 2018 Net operating loss carryforwards $ 6,586,000 $ 6,545,000 Valuation allowance (6,586,000 ) (6,545,000 ) Net deferred tax assets $ - 0 - - $ - 0 - - |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Year ended December 31, 2019 2018 Federal statutory tax rate 21 % 21 % Valuation allowance on net operating loss carryforwards (21 ) (21 ) Effective income tax rate - 0 - % - 0 - % |
Note 11 - Quarterly Financial_2
Note 11 - Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Quarterly Financial Information [Table Text Block] | First Quarter Second Quarter Third Quarter Fourth Quarter Full Year 2019: Revenue $ -0- $ -0- $ -0- $ -0- $ -0- Expenses (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 $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 ) 201 8 : Revenue $ -0- $ -0- $ -0- $ -0- $ -0- Expenses (37,861 ) (27,824 ) (25,984 ) (91,610 ) (183,279 ) Net Gain(Loss) (37,861 ) (27,824 ) (25,984 ) (91,610 ) (183,279 ) Net gain(loss) per common share Basic and Diluted $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 ) |
Note 3 - Summary of Significa_2
Note 3 - Summary of Significant Accounting Policies (Details Textual) - USD ($) shares in Thousands | 3 Months Ended | 12 Months Ended | ||||||||
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | |
Net Income (Loss) Attributable to Parent, Total | $ (27,882) | $ (42,817) | $ (69,486) | $ (52,680) | $ (91,610) | $ (25,984) | $ (27,824) | $ (37,861) | $ (192,865) | $ (183,279) |
Working Capital (Deficit) | 248,303 | 248,303 | ||||||||
Retained Earnings (Accumulated Deficit), Ending Balance | (41,386,696) | (41,193,831) | (41,386,696) | (41,193,831) | ||||||
Accounts Receivable, after Allowance for Credit Loss, Total | $ 0 | $ 0 | 0 | $ 0 | ||||||
Weighted Average Number Diluted Shares Outstanding Adjustment, Total | 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, 2019 | Dec. 31, 2018 |
Taxes Receivable – Canadian GST | $ 1,267 | $ 1,192 |
$ 1,267 | $ 1,192 |
Note 5 - Accounts Payable and_3
Note 5 - Accounts Payable and Accrued Expenses - Summary of Accounts Payable and Accrued Expenses (Details) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Accounts payable | $ 5,048 | $ 28,745 |
Accrued professional fees | 383 | 24,825 |
Accrued payroll and related tax withholdings | 0 | 3,307 |
$ 5,431 | $ 56,877 |
Note 6 - Stockholders' Equity (
Note 6 - Stockholders' Equity (Details Textual) - shares | Dec. 31, 2019 | Dec. 31, 2018 |
Common Stock, Shares Authorized | 500,000,000 | 500,000,000 |
Common Stock, Shares, Outstanding, Ending Balance | 67,022,568 | 45,572,568 |
Note 7 - Stock Options and St_2
Note 7 - Stock Options and Stock Warrants (Details Textual) - shares | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 0 | 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 0 | 0 |
Class of Warrant or Right, Issued During Period | 0 | 0 |
Class of Warrant or Right, Exercised During Period | 0 | 0 |
Class of Warrant or Right, Outstanding | 0 | 0 |
Rolling Stock Option Plan [Member] | ||
Share-based Compensation Arrangement, Percent of Issued and Outstanding Common Shares Reserved | 10.00% | |
Common Stock, Capital Shares Reserved for Future Issuance | 6,702,257 |
Note 8 - Income Taxes (Details
Note 8 - Income Taxes (Details Textual) | 12 Months Ended |
Dec. 31, 2019USD ($) | |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | $ 31,116,000 |
Open Tax Year | 2017 2018 |
Note 8 - Income Taxes - Net Def
Note 8 - Income Taxes - Net Deferred Tax Assets (Details) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Net operating loss carryforwards | $ 6,586,000 | $ 6,545,000 |
Valuation allowance | (6,586,000) | (6,545,000) |
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, 2019 | Dec. 31, 2018 | |
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 9 - Related Parties (Detai
Note 9 - Related Parties (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Research and Development Expense [Member] | ||
Related Party Transaction, Expenses from Transactions with Related Party | $ 0 | $ 0 |
Reimbursement [Member] | ||
Related Party Transaction, Amounts of Transaction | 25,184 | 19,552 |
Advance from Related Parties [Member] | ||
Related Party Transaction, Amounts of Transaction | $ (555,000) | $ 153,000 |
Note 10 - Operating Leases (Det
Note 10 - Operating Leases (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Vancouver, CA Operating Lease [Member] | ||
Operating Leases, Monthly Rent Expense | $ 3,950 | |
Operating Leases, Rent Expense, Net, Total | 35,651 | $ 33,243 |
Connecticut, US Operating Lease [Member] | ||
Operating Leases, Monthly Rent Expense | 500 | |
Operating Leases, Rent Expense, Net, Total | $ 6,000 | $ 6,000 |
Note 11 - Quarterly Financial_3
Note 11 - Quarterly Financial Information (Unaudited) - Summary of Quarterly Financial Information (Details) - USD ($) $ / shares in Thousands | 3 Months Ended | 12 Months Ended | ||||||||
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | |
Revenue | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Expenses | (27,882) | (42,817) | (69,486) | (52,680) | (91,610) | (25,984) | (27,824) | (37,861) | (192,865) | (183,279) |
Net Gain(Loss) | $ (27,882) | $ (42,817) | $ (69,486) | $ (52,680) | $ (91,610) | $ (25,984) | $ (27,824) | $ (37,861) | $ (192,865) | $ (183,279) |
Basic and Diluted (in dollars per share) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |