Note 1 - Basis of Presentation

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Basis of Accounting [Text Block]

1. Basis of Presentation

The unaudited, interim condensed consolidated financial statements of the Company, accompanying this Quarterly Report on Form

10

-Q for the 

third

quarter ended

September 30, 2020

(this "Quarterly Report"), have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form

10

-Q and Article

10

of Regulation S-

X.

Accordingly, they do

not

include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. The accompanying consolidated balance sheet as of

December 31, 2019

is derived from the Company's audited financial statements as of that date. Because certain information and footnote disclosures have been condensed or omitted, these consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto as of and for the year ended

December 31, 2019

contained in the Company's

2019

Annual Report on Form

10

-K (the

“2019

Form

10

-K.  In the opinion of management, all normal and recurring adjustments considered necessary for a fair presentation have been included in these interim financial statements. However, these interim financial statements should be read in conjunction with the annual consolidated financial statements and notes thereto for the Company as contained in the SGRP's Annual Report on Form

10

-K for the year ended

December 31, 2019

, as filed with the Securities and Exchange Commission (the "SEC") on

April 14, 2020 (

the "

2019

Annual Report").  Particular attention should be given to Items

1

and

1A

of the

2019

Annual Report respecting the Company's Business and Risk Factors, respectively

.

 The Company's results of operations for the interim period are

not

necessarily indicative of its operating results for the entire year. Except for the change noted below, the Company has consistently applied the accounting policies to all periods presented in these condensed consolidated financial statements.