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10. SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2017
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

We have evaluated subsequent events through the date the unaudited condensed consolidated financial statements in this Report were filed with the Securities and Exchange Commission. After March 31, 2017, but prior to the filing date of this Report, we settled a previously disclosed legal dispute.

 

In December 2014 we delivered a carousel to our customer on a lease or purchase arrangement. At the completion of our customer’s requirement, we were advised by the customer it was not going to purchase the carousel, so we picked up the carousel and returned it to our facility. We then invoiced the customer. The customer disputed the invoices. An arbitration proceeding was filed. The parties agreed to settle the dispute.