Note 10 - Commitments and Contingencies

3 Months Ended

Jan. 02, 2016

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

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. COMMITMENTS AND CONTINGENCIES

As disclosed in a Form 8-K filed on February 8, 2016, on February 2, 2016, the Company and Nipro Consumer Healthcare, Inc., d/b/a P.J. Noyes Company entered into an Amendment No. 1 to the License and Distribution Agreement between the Company and PJ Noyes to extend the term of the agreement through December 31, 2020.  The other terms of and the amount of the minimum purchases under this agreement did not change. However, because the term of the agreement is now extended to 2020, we are committed to minimum purchases of $700,000 of Selan® skin care products per calendar year for each calendar year through 2020. Our purchases of Selan have exceeded the required minimum purchase level for each calendar year since the agreement has been in effect.

From time to time we are defendants in legal actions involving claims arising in the normal course of business. We believe that, as a result of legal defenses and insurance arrangements with parties we believe to be financially capable, none of these actions, if determined adversely, would have a material adverse effect on our operations or financial condition.