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Note 10 - Subsequent Event
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Subsequent Events [Text Block]
NOTE
10
SUBSEQUENT EVENT
 
Pursuant to its private placement, on
May
9,
2017,
the Company sold
400,000
shares of its common stock,
no
par value, at a purchase price of
$40.00
per share. The offering was to accredited investors only, without the use of a general solicitation or general advertising. The gross proceeds of the offering were
$16,000,000
before compensation of
$760,000
payable to the investment bank acting as placement agent. The offer and sale of the Company’s common stock in the private placement was exempt from the registration requirements of the Securities Act of
1933,
as amended (the “Securities Act”) pursuant to Section
4(a)(2)
of, and Rule
506
of Regulation D under, the Securities Act.