Note 7 - Insurance Premium Financing

6 Months Ended

Jun. 30, 2018

Insurance Premiums Financing Note [Member]

Notes to Financial Statements

Short-term Debt [Text Block]

NOTE

7

–

INSURANCE PREMIUM FINANCING

In

October 2017,

the Company executed an unsecured note payable for

$4.1

million to a

third

-party financing company for a portion of the Company’s annual insurance premiums. The note, which is payable in installments of principal and interest of approximately

$1.4

million, bears interest at

3.0%

and matures in

October 2018.

The balance of the note payable as of

June 30, 2018

was

$1.3

 million.