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Note 5 - Advances on Contracts
9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Advances to Contract Manufacturer [Text Block]

NOTE 5 — ADVANCES ON CONTRACTS

 

The advances on contracts represent funding of future STA devices, epidural instruments, and epidural replacements parts. The balance of the advances as of September 30, 2023 and December 31, 2022 is approximately $1.7 million and $1.3 million, respectively. The advance is classified as current based on the estimated annual usage of the underlying inventory.