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Note 11 - Legal Proceedings
6 Months Ended
Jun. 30, 2015
Notes to Financial Statements  
Legal Matters and Contingencies [Text Block]
NOTE 11:     LEGAL PROCEEDINGS
 
As previously reported in the Company’s Report on Form 10-Q for the quarter ending March 31, 2015, the Company reported that an Arbitration proceeding had been filed against it by Development Specialists, Inc. (“DSI” or “Plaintiff”); that the Company had filed an Answer denying Plaintiff’s claims and raising fifteen (15) Affirmative Defenses; and filed a Motion to Dismiss the Arbitration. That motion was subsequently denied by the Arbitrator.
 
On May 26, 2015, the Company filed a Complaint against DSI in the Delaware Court of Chancery seeking to enjoin DSI from proceeding with the Arbitration. Contemporaneously with the filing of that Complaint, the Company filed a Motion seeking a preliminary injunction. On July 23, 2015, Chancery Court denied the Company’s request for an injunction and dismissed the Company’s complaint. On July 29, 2015, the Company filed a Motion for Reargument of the Chancery Court decision. That motion is currently pending.
 
While the Chancery Court Motion for Reargument remains pending, discovery in the Arbitration is proceeding and the Arbitration hearing is currently scheduled to take place the week of October 12, 2015.
 
The Company believes that the claims against it have no merit and is vigorously defending its interest in this matter.