Note 12 - Subsequent Events

On February 7, 2020, options were exercised to obtain 100,000 shares of common stock. These options were exercised at $0.054.

On February 10, 2020, Harold Schwartz resigned as Treasurer of the Company and Charles M. Piluso was appointed as the Company’s Treasurer. In addition, on February 10, 2020, Thomas Kempster resigned as Secretary of the Company and was appointed as Executive Vice President of the Company, and Wendy Schmittzeh was appointed as the Company’s Secretary.

There is no understanding or arrangement between Mrs. Schmittzeh and any other person pursuant to which she was appointed as Secretary. Mrs. Schmittzeh does not have any family relationship with any director, executive officer or person nominated or chosen by us to become a director or an executive officer. Since January 1, 2019, Mrs. Schmittzeh has not had a direct or indirect material interest in any transaction or proposed transaction, in which the Company was or is a proposed participant exceeding $120,000.

Wendy Schmittzeh is a veteran management professional with over 30 years of corporate experience. From 2011 through the present, Mrs. Schmittzeh has served as Manager of Administration for the Company. While serving in her management role, Ms. Schmittzeh has been instrumental in numerous operational aspects of the Company’s business, including mergers and acquisitions transactions, accounting, corporate administration, office management, human resources, corporate office relocations, facilities management and high-level executive support. Ms. Schmittzeh received an Associate’s Degree in Secretarial Arts from Katharine Gibbs College in 1991. Ms. Schmittzeh currently serves as a Vestry member at St. Ann’s Episcopal Church, and has held several board positions on the Suffolk County Bicycle Riders Association.