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Note 12 - Subsequent Events
12 Months Ended
Dec. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events

NOTE 12 — Subsequent Events

 

On January 29, 2016, the Company fully paid off all remaining subordinated credit line notes in the amount of $500,000 to the note holders.

 

On February 26, 2016, the Company signed a Business Financing Modification Agreement by and between the Company and Bridge Bank to extend the expiration date of revolving credit line agreement to February 27, 2018.

 

As of March 18, 2016, 255,500 stock options at a weighted average grant price of $2.75per share have been granted from the 2004 Plan subsequent to December 31, 2015.

 

As of March 18, 2016, the Company has issued 39,448 shares of common stock for the exercise of stock options.