Note 8 - Subsequent Events

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Subsequent Events [Text Block]

Note 8 – Subsequent Events

In July 2015, the Company purchased certain software products, intellectual property and related assets from VSE Corporation. As payment for such products, the Company agreed to pay to VSE Corporation 30% of the gross royalty revenue related to the Company’s sale of licenses for the purchased software products during the six year period following the completion of the transaction, up to a maximum amount of $1,000,000. The primary software programs purchased by the Company are the Prognostics Framework (PF) and Diagnostic Profiler (DP) programs. The Diagnostic Profiler software is used worldwide by several multinational companies for optimized maintenance of diverse product lines. The Diagnostic Profiler is also used by the US Air Force for depot test programs, and Prognostics Framework is used by the US Army for several missile defense systems.