XML 98 R17.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Note 11 - Commitments and Contingencies
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
11.
Commitments and Contingencies
 
Warranty and Guarantor Arrangements
  
 
In certain of its contracts, the Company warrants to its customers that the products it manufactures conform to the product specifications as in effect at the time of delivery of the specific product. The Company
may
also warrant that the products it manufactures do
not
infringe, violate or breach any U.S. patent or intellectual property rights, trade secret, or other proprietary information of any
third
party. On occasion, the Company contractually indemnifies its customers against any and all losses arising out of, or in any way connected with, any claim or claims of breach of its warranties or any actual or alleged defect in any product caused by the negligence or acts or omissions of the Company. The Company maintains a products liability insurance policy that limits its exposure to these risks. Based on the Company’s historical activity, in combination with its liability insurance coverage, the Company believes the estimated fair value of these indemnification agreements is immaterial. The Company has
no
accrued warranties at
December 31, 2019
or
2018,
respectively, and has
no
history of claims paid.  
 
Legal Proceedings
 
The Company is involved from time-to-time in various legal proceedings arising in the normal course of business. Although the outcomes of potential legal proceedings are inherently difficult to predict, the Company does
not
expect the resolution of potential legal proceedings to have a material adverse effect on its financial position, results of operations, or cash flow.