NOTE 15 – SUBSEQUENT EVENTS



The Company has evaluated subsequent events through the date of this filing. In April 2020, the Company made an $899,000 investment in Quortus Ltd., a UK-based company that provides virtual core network software for Private LTE solutions for critical and secure communications. The Company believes this investment is important for its Transition Networks and Net2Edge business segments as they have begun exploring partnering with Quortus to integrate their Private LTE core in existing and new products for the Company’s federal business, network extensions, and private networks for enterprises.  



On May 14, 2020, the Company completed the acquisition of Ecessa Corporation (“Ecessa”) in a reverse triangular merger for $4.0 million with working capital adjustments 90 days after closing. At the closing, Ecessa became a wholly owned subsidiary of CSI. Based in Plymouth, Minnesota, Ecessa designs and distributes software-defined wide area networking (SD-WAN) solutions for businesses through the deployment of field installations of Ecessa Edge®, PowerLink®, and WANworX® controllers.