Note 13 - Subsequent Events

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Subsequent Events [Text Block]

NOTE

1

3

– SUBSEQUENT EVENTS

On

October 29,

the Company granted to Steven N. Bronson, the Company’s President and Chief Executive Officer,

50,000

restricted stock units (the “Restricted Stock Units”) for shares of the Company’s common stock under the terms of the Company’s

2017

Stock Option and Incentive Plan and an associated Restricted Stock Unit Agreement with Mr. Bronson (the “Restricted Stock Unit Agreement”).  The Restricted Stock Units were awarded pursuant to that certain employment agreement entered into between the Company and Mr. Bronson on

April 13, 2019. 

For each of the fiscal years ended

December 31, 2019

and

December 31, 2020,

Restricted Stock Units for

25,000

shares of the Company’s common stock shall vest and the underlying common stock shall become issuable subject to the Company’s achievement of financial and performance objectives for the applicable fiscal year established by the Company’s Compensation Committee.  Subject to the satisfaction of certain conditions, unvested Restricted Stock Units shall also vest and the underlying common stock shall become issuable upon Mr. Bronson’s death or disability, in the event the Company terminates Mr. Bronson’s employment without cause or if Mr. Bronson terminates his employment with the Company for good reason, and in the event of a change in control of the Company.