Note 17 - Subsequent Events

12 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Subsequent Events [Text Block]

Note 17 – Subsequent Events

July 1, 2015, Qualstar Corporation entered into a one year sublease agreement with Interlink Electronics, Inc. The sublease agreement is for 608 square feet of space in the Qualstar building located at 130 West Cochran Street, Unit C; Simi Valley, 91361. Qualstar will receive rent of $1,000 per month which is equal to the base rent per square foot in the master lease, plus additional rent for common area services, utilities and other shared expenses. The space will be used for engineering and light manufacturing. As described in Note 14, Interlink is a related party. The sublease agreement is attached as Exhibit 10.14.