Note 12 - Stockholders' Equity

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

12. STOCKHOLDERS’ EQUITY

We have authorized

20,000,000

shares of common stock,

$0.01

par value per share and

2,000,000

shares of special stock, of which

none

is outstanding. On

April

22,

2015,

we commenced a modified “Dutch” auction style

tender

offer to purchase for cash shares of our common stock for an aggregate purchase price of no more than

$5

million. The

tender

offer expired

May

19,

2015.

We accepted for

tender

230,729

shares of common stock at a purchase price per share of

$3.00

for an aggregate purchase price of

$692,000.

Shares repurchased were cancelled, resulting in a decline in the number of outstanding shares at

December

31,

2015.