Annual report pursuant to Section 13 and 15(d)

Note 9 - Related Party Receivable

Note 9 - Related Party Receivable
12 Months Ended
Dec. 31, 2018
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 was recorded net of a
discount to reflect the net present value of the future cash payments.  The discount is being amortized through interest income using the effective interest method.  The principal amount of
remains outstanding at
December 31, 2018
and is payable in
annual installments with a final payment due
July 2022. 
March 2019,
in conjunction with the employee’s termination, we entered into a consulting agreement and release of claims agreement with the employee.  As partial consideration for the release, we modified the reimbursement agreement to change the payment terms, extend the maturity and forgive a portion of the receivable.