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Note 14 - Related Party Transactions
12 Months Ended
Jun. 30, 2014
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

Note 14 – Related Party Transactions


The Company entered into a license agreement, dated May 1, 2014 (the “License Agreement”) with BKF Capital Group, Inc. (“BKF”). Pursuant to the License Agreement, commencing on May 1, 2014, BKF shall have a license to occupy and use one furnished office located at Qualstar’s executive offices located at 3990-B Heritage Oak Court, Simi Valley, California 93063 (the “Premises”). Pursuant to the License Agreement, BKF shall pay to Qualstar a license fee equal to $14,400 per year, or $1,200 per month, for use of the Premises. In fiscal year 2014, BFK paid $2,400 to Qualstar as license fees. BKF shall also have access to a telephone line and other services as described in the License Agreement. Steven N. Bronson, the Company’s Chairman and CEO, is also the Chairman, CEO and majority shareholder of BKF. Also, as a result of the proxy contest initiated by BKF, at the Annual Shareholders’ Meeting held on June 28, 2013, the Board approved the reimbursement of the expenses incurred by BKF in connection with its efforts to replace the prior members of Qualstar’s Board in an aggregate amount of $395,000, which was paid in fiscal year 2014.


The Company has contracted with Interlink Electronics, Inc., (“Interlink”) where Steven N. Bronson is also the Chairman and CEO and a majority shareholder. We reimbursed expenses paid by Interlink on our behalf of $147,000, during fiscal year 2014.


During part of fiscal year 2013, Qualstar’s outside counsel was a member of its board of directors. During the years ended June 30, 2013, and 2012, Qualstar paid $376,000, and $134,000, respectively to the law firm in which the former director is a shareholder for general business purposes.  During the years ended June 30, 2013 and 2012, Qualstar paid $316,000 and $279,000 to the law firm in which the former director is a shareholder for legal services provided in connection with the proxy contest related to the annual and special meetings of shareholders held on June 28, 2013 and June 20, 2012, and in connection with litigation.