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Note 10 - Commitments
12 Months Ended
Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]

Note 10 – Commitments


Qualstar’s lease agreement for its facility located in Simi Valley, California, expires in December 2015. Rent on this facility is $44,000 per month with a step-up of 3% annually. The Company provides for rent expense on a straight-line basis over the lease term. We also lease approximately 2,097 square feet of office space in Boulder, Colorado. Our lease on this facility expires in October 2014.  Rent on this facility is $1,900 per month, with a step-up of 5.2% annually.


Future minimum lease payments under these leases are as follows:


Year Ending June 30,

 

Minimum Lease

Payment

 
   

(in thousands)

 

2015

  $ 540  

2016

    273  
Total Commitment   $ 813  

Rent expense (including equipment rental) for the years ended June 30, 2014, 2013, and 2012, was $561,000, $448,000 and $691,000, respectively.