Note 9 - Subsequent Events

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Subsequent Events [Text Block]

9.

Subsequent Events

As described in Note

5,

on

October 28, 2020,

our revolving line of credit agreement with our primary lender was verbally extended to

November 5, 2020.

On

November 5, 2020,

we entered into a new term loan agreement with our primary lender.

In

October 2020

and

November 2020,

in a series of filings with the U.S. Securities and Exchange Commission (SEC), we announced our intention to effect a reverse stock split of our common stock and a forward stock split of our common stock (collectively “Stock Split”) during the

fourth

quarter of

2020,

as defined and described within the aforementioned SEC filings. The Stock Split is being undertaken as part of our plan to suspend our obligations to file periodic and current reports and other information with the SEC as our Board of Directors has determined that the costs of being a public reporting company outweigh the benefits thereof.