Note 2 - Subsequent Events

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Subsequent Events [Text Block]

2.

    

SUBSEQUENT EVENTS

CARES Act Paycheck Protection Program Loan

On

April 14, 2020,

the Company entered into a loan agreement with KeyBank National Association (“Lender”) under the terms of which the Lender agreed to make a loan to the Company in an aggregate principal amount of

$3,459

(“PPP Loan”) pursuant to the Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The PPP Loan is evidenced by a promissory note containing the terms and conditions for repayment of the PPP Loan.

On

April 27, 2020,

the Company entered into an agreement with the Lender to repay the PPP loan proceeds of

$3,459,

which were received by the Company on

April 16, 2020

and

not

used, to ensure compliance with the Frequently Asked Questions and revised guidelines issued by the U.S. Department of Treasury and the Small Business Administration on

April 23, 2020.