Note 13 - Distribution Agreements

12 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Significant Agreements Disclosure [Text Block]

13. Distribution Agreements

On

July 14, 2017,

the Company entered into an agreement with a new distributor in Russia that provides for the ability to sell the entire product line in the Russian Federation. The agreement had a

one

-year initial term with

two

additional

one

-year terms which automatically renew unless either party invokes their right to terminate earlier under the provisions of the agreement.

The agreement was automatically renewed through

July 2020.

On

September 22, 2020,

the Company entered into an agreement with the same distributor. The agreement has a

one

-year initial term with

two

additional

one

-year terms which automatically renew unless either party invoke their right to terminate earlier under the provisions of the agreement. In fiscal year

2020,

the Company entered into a

three

-year agreement with a distributor in India that provides for the ability to sell Cesium-

131

brachytherapy seeds in different configurations within India. The Company and the distributor for Italy and Switzerland executed the distribution agreement on

August 1, 2016.

The agreement has a

one

-year initial term with

two

additional

one

-year terms which automatically renew unless either party invoke their right to terminate earlier under the provisions of the agreement. The agreement expired on

August 1, 2019

and was

not

renewed. As the Company elected to

not

renew its CE mark in fiscal

2019,

distribution will be limited to those countries outside the European Union.