Note 3 - Going Concern	9 Months Ended
Sep. 30, 2018
Notes to Financial Statements
Liquidity and Going Concern [Text Block]	Note 3 – Going Concern The Company’s primary sources of liquidity are cash and cash equivalents as well as availability under the Credit Agreement with PNC (see Note 2 ). As noted in Note 2, we initiated an equity issuance process and entered into an amendment with PNC that would have allowed us more flexibility in the use of any equity proceeds, and committed us to raise at least $7.5 million by November 15, 2018. As we believe that condition will not be met, we expect to be in violation of our Agreement, as amended. Management’s plans include: ( 1 ) Working with our bank to resolve this anticipated compliance failure, ( 2 ) Exploring alternative funding sources, ( 3 ) Evaluating and potentially executing a sale/leaseback transaction of our facility in Lake Barrington, IL, and ( 4 ) Continuing with the equity raise at the first opportunity that we think it likely to be successful. Management Assessment Based upon our historical ability to obtain necessary financing and our current expectations of future cash flow from operations, we believe we are likely to obtain necessary amendments and/or financing that will allow us to meet current obligations and to continue operating as a going concern. We do not have firm commitments from lenders or other investors at this time for a resolution.

Note

– Going Concern

The Company’s primary sources of liquidity are cash and cash equivalents as well as availability under the Credit Agreement with PNC (see Note

). As noted in Note

we initiated an equity issuance process and entered into an amendment with PNC that would have allowed us more flexibility in the use of any equity proceeds, and committed us to raise at least

$7.5

million by

November 15, 2018.

As we believe that condition will

not

be met, we expect to be in violation of our Agreement, as amended.

Management’s plans include:

(

) Working with our bank to resolve this anticipated compliance failure,

(

) Exploring alternative funding sources,

(

) Evaluating and potentially executing a sale/leaseback transaction of our facility in Lake Barrington, IL, and

(

) Continuing with the equity raise at the

first

opportunity that we think it likely to be successful.

Management Assessment

Based upon our historical ability to obtain necessary financing and our current expectations of future cash flow from operations, we believe we are likely to obtain necessary amendments and/or financing that will allow us to meet current obligations and to continue operating as a going concern. We do

not

have firm commitments from lenders or other investors at this time for a resolution.