Note 7 - Commitments and Contingencies

3 Months Ended

Jul. 29, 2017

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

7

. COMMITMENTS AND CONTINGENCIES

As of

July 29, 2017,

we guaranteed the residual value of certain leased equipment in the amount of

$2.0

million. On

July 31, 2017

the lease term was extended for

24

months to

August 1, 2019.

If the proceeds from the sale of such equipment are less than the balance required by the lease when the lease terminates, the Company shall be required to pay the difference up to such guaranteed amount. The Company does

not

expect to incur a loss on such guarantee.