Note 12 - Subsequent Event |
6 Months Ended | ||
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Jul. 01, 2018 | |||
| Notes to Financial Statements | |||
| Subsequent Events [Text Block] |
On July 23, 2018, the Company announced an offering of subscription rights to the Company’s stockholders (the “Rights Offering”) and filed a prospectus supplement outlining the key terms and conditions of the rights offering. The Company seeks to raise up to $13,000. Registered holders as at July 23, 2018 ( record date) have the option to purchase new common shares (one common share for every three common shares held) at a price of $2.25 per share. The subscription period ends on August 22, 2018.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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