Note 8 - Commitments & Contingencies

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

(

8

)

Commitments & Contingencies

During the normal course of business, the Company

may

be exposed to litigation. In the event the Company were to become aware of potential litigation, it would evaluate the merits of the case in accordance with ASC

450

-

20

-

50,

Contingencies

. The Company evaluates its exposure to the matter, possible legal or settlement strategies and the likelihood of an unfavorable outcome. If the Company determines that an unfavorable outcome is probable and can be reasonably estimated, it establishes the necessary accruals. As of

December 31, 2016,

the Company is

not

aware of any contingent liabilities that should be reflected in the accompanying Condensed Consolidated Financial Statements.