Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Related Party Receivable

Note 7 - Related Party Receivable
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
Related Party Receivable
August 10, 2016,
we entered into a reimbursement agreement with a former executive officer. Pursuant to the reimbursement agreement, the former officer agreed to repay the Company, over a
-year period, approximately
in expenses that the Company determined to have been improperly paid under the Company's prior expense reimbursement policies. In addition to this reimbursement agreement, the Company has implemented and is continuing to implement enhanced policies and procedures for travel expense reimbursements and disbursements.
non-interest bearing receivable is recorded net of a discount to reflect the net present value of the future cash payments.  The Company recorded a non-operating gain of
for the year ended
December 31, 2016.  
The discount is being amortized through interest income using the effective interest method.  The principal amount of
excluding discount remains outstanding at
June 30, 2017
and is payable in
annual installments with a final balloon payment due
years from issuance.