Note 6 - Contingencies

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

NOTE

6

 – Contingencies:

The purchase price to acquire substantially all of the assets of BAMKO, Inc. (“BAMKO”) in

2016

included contingent consideration through

2021.

The estimated fair value for BAMKO acquisition-related contingent consideration payable was

$2.8

 million as of

March 31, 2020,

of which

$1.1

 million is expected to be paid in the

second

quarter of

2020.

The purchase price to acquire substantially all of the assets of Tangerine Promotions, Ltd. and Tangerine Promotions West, Inc. (collectively “Tangerine”) in

2017

included contingent consideration through

2021.

The estimated fair value for Tangerine acquisition-related contingent consideration payable was

$2.7

 million as of

March 31, 2020,

of which

$0.9

 million is expected to be paid in the

second

quarter of

2020.

The Company will continue to evaluate these liabilities for remeasurement at the end of each reporting period and any changes will be recorded in the Company’s statements of comprehensive income. The carrying amount of the liabilities 

may

fluctuate significantly and actual amounts paid

may

be materially different from the estimated value of the liabilities.

The Company is involved in various legal actions and claims arising from the normal course of business. In the opinion of management, the ultimate outcome of these matters is

not

expected to have a material impact on the Company’s results of operations, cash flows, or financial position.