Note 7 - Subsequent Events
|3 Months Ended|
Mar. 31, 2018
|Notes to Financial Statements|
|Subsequent Events [Text Block]||
March 31, 2018,Gelest and the Company mutually agreed to convert the
December 13, 2016CHS Supply Agreement, now mutually cancelled, to an agreement under which Gelest will provide CHS storage and handling, website and catalog listings of CHS produced by or for the Company for sale to its customers, and customer service, including trans-fill of customer cylinders. In connection with the changed direction of the Company’s business model and the newly defined relationship with Gelest, the Company is in discussions with NDSU and NDSU/RF in order to determine the path forward and/or satisfy outstanding obligations, if any, of the parties with respect to the NDSU/RF Agreement dated
June 16, 2016.
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