Note 6 - Legal Proceedings	9 Months Ended
Sep. 30, 2019
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	Note 6 - Legal Proceedings The Company may be party to certain lawsuits or claims arising in the normal course of business. The ultimate outcome of these matters is unknown but, in the opinion of management, we do not believe any of these proceedings will have, individually or in the aggregate, a material adverse effect upon our financial condition, cash flows or future results of operation. In July 2017, God’s Little Gift, Inc. (d\b\a) Helium and Balloons Across America and Gary Page (“Claimants”) filed an action against the Company based on disputed compensation amounts over several years. This action was resolved by mutual agreement between the parties during January 2019. Mr. Page received 20,000 shares of CTI common stock, $5,000 in cash, and a minimum payout in his monthly royalty calculation of $7,667 beginning March 1, 2019 and ending August 1, 2021. The Company accrued the $0.3 million in committed costs under this settlement in its December 31, 2018 financial statements. During 2019, four claims have been filed against us claiming failure to pay contractually obligated amounts. Three of these claims have been filed by former vendors, and the fourth by a current vendor. The total of these four claims exceeds $0.7 million. All are being actively defended, and the claimed amount is recorded on our balance sheet as of September 30, 2019. Some of the largest with a combined claimed value of approximately $0.6M have subsequently been settled at approximately 50% of the amount claimed. Additional smaller amounts are pending some form of resolution.

Note

- Legal Proceedings

The Company

may

be party to certain lawsuits or claims arising in the normal course of business. The ultimate outcome of these matters is unknown but, in the opinion of management, we do

not

believe any of these proceedings will have, individually or in the aggregate, a material adverse effect upon our financial condition, cash flows or future results of operation.

July 2017,

God’s Little Gift, Inc. (d\b\a) Helium and Balloons Across America and Gary Page (“Claimants”) filed an action against the Company based on disputed compensation amounts over several years. This action was resolved by mutual agreement between the parties during

January 2019.

Mr. Page received

20,000

shares of CTI common stock,

$5,000

in cash, and a minimum payout in his monthly royalty calculation of

$7,667

beginning

March 1, 2019

and ending

August 1, 2021.

The Company accrued the

$0.3

million in committed costs under this settlement in its

December 31, 2018

financial statements.

During

2019,

four

claims have been filed against us claiming failure to pay contractually obligated amounts. Three of these claims have been filed by former vendors, and the

fourth

by a current vendor. The total of these

four

claims exceeds

$0.7

million. All are being actively defended, and the claimed amount is recorded on our balance sheet as of

September 30, 2019.

Some of the largest with a combined claimed value of approximately

$0.6M

have subsequently been settled at approximately

50%

of the amount claimed. Additional smaller amounts are pending some form of resolution.