Note 1 - Basis of Presentation

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Note

1

– Basis of Presentation

The financial statements included herein have been prepared by Mikros Systems Corporation (the “Company”, “we” or “us”) pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. These condensed financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form

10

-K for the year ended

December 31, 2018.

In the opinion of the Company’s management, the accompanying unaudited interim condensed financial statements contain all adjustments, consisting solely of those which are of a normal recurring nature, necessary to present fairly its financial position as of

September 30, 2019,

the results of its operations for the

three

and

nine

months ended

September 30, 2019

and

2018,

changes in shareholders’ equity for the

three

and

nine

months ended

September 30, 2019

and

2018

 and cash flows for the

nine

months ended

September 30, 2019

and

2018.