Note 10 - Commitments

12 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Commitments Disclosure [Text Block]

Note 10 – Commitments

Qualstar’s lease agreement for its 15,160 square foot facility located in Simi Valley, California, expires on February 28, 2018. Rent on this facility is $10,000 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 5,400 square feet of office space in Westlake Village, California. Our lease on this facility expires on January 31, 2020.  Rent on this facility is $10,000 per month, with a step-up of 3% annually.

Future minimum lease payments under these leases are as follows:

Year Ending June 30,	Minimum Lease Payment
	(in thousands)
2016	$	231
2017		248
2018		212
2019		133
2020		79
Total Commitment	$	903

Rent expense (including equipment rental) for the years ended June 30, 2015, 2014, and 2013, was $402,000, $561,000, and $448,000, respectively.