Note 9 - Stockholders' Deficit
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
 
NOTE
9
– STOCKHOLDERS’ DEFICIT
 
Preferred Stock
The Company has authorized
500,000,000
shares of preferred stock with a par value of
$0.001
per share.
No
shares of the preferred stock have been issued.
 
Twinlab Consolidation Corporation
2013
Stock Incentive Plan
The only equity compensation plan currently in effect is the Twinlab Consolidation Corporation
2013
Stock Incentive Plan (the “TCC Plan”), which was assumed by the Company on
September 16, 2014.
The TCC Plan originally established a pool of
20,000,000
shares of common stock for issuance as incentive awards to employees for the purposes of attracting and retaining qualified employees who will aid in the success of the Company. From
January
through
December 2015,
the Company granted restricted stock units to certain employees of the Company pursuant to the TCC Plan. Each restricted stock unit relates to
one
share of the Company’s common stock. The restricted stock unit awards vest
25%
each annually on various dates through
2019.
The Company estimated the grant date fair market value per share of the restricted stock units and is amortizing the total estimated grant date value over the vesting periods.  During
2018,
there were
1,202,095
shares of common stock issued to employees pursuant to the vesting of restricted stock units. As of
December 31, 2019,
7,194,412
shares remain available for use in the TCC Plan.
 
Common Stock Repurchase
On
January 5, 2017,
pursuant to a repurchase agreement,
642,366
shares of the Company’s common stock were repurchased for an aggregate repurchase price of less than
$1.
 
Stock Subscription Receivable
At
December 31, 2019,
the stock subscription receivable dated
August 1, 2014
for the purchase of
1,528,384
shares of the Company’s common stock had a principal balance of
$30
and bears interest at an annual rate of
5%.