v3.19.3

Note 6 - Commitments and Contingencies | 12 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
Commitments and Contingencies Disclosure [Text Block] | Note 6. Commitments and Contingencies Operating Leases The Company leases office facilities under a non-cancelable operating lease agreement expiring on December 31, 2019. The total undiscounted future non-cancellable lease payments under the Company’s operating lease as of December 31, 2018 are as follows (in thousands):
|  | Future
Year ending December 31 |  | Commitments
2019 |  | $ | 239
Total |  | $ | 239
Rent expense related to the Company’s operating leases was $225,000 and $232,000 for the years ended December 31, 2017 and 2018, respectively. Indemnif ications The Company has agreed to indemnify its directors and officers for certain events or occurrences arising as a result of the officers or directors serving in such capacity. The Company has a directors’ and officers’ liability insurance policy that limits its exposure and enables the Company to recover a portion of any future amounts paid resulting from the indemnification of its officers and directors. The Company has not incurred material costs to defend lawsuits or settle claims related to these indemnification agreements. The Company’s management believes the estimated fair value of these indemnification agreements is minimal and has not recorded a liability for these agreements as of December 31, 2018.

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