Note 14 - Related Party Transactions

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

Note 

14

 – Related Party Transactions 

Steven N. Bronson is the Company’s CEO and is also the President and CEO and a majority shareholder of Interlink Electronics, Inc. (“Interlink”). Interlink reimburses Qualstar for leased space at the Simi Valley facility and for other administrative expenses paid by or on behalf of the Company. The total amount charged to Interlink for the

twelve

months ended

December

31,

2016

and

2015,

the

six

months ended

December

31,

2015

and the year ended

June

30,

2015

was

$33

,000,

$61,000,

$31

,000

and

$43,000,

respectively. Interlink owed Qualstar

$1,000

and

$6,000

at

December

31,

2016

and

December

31,

2015,

respectively.

The Company reimburses Interlink for expenses paid on the Company’s behalf. Interlink occasionally pays travel and other expenses incurred by Qualstar. The Company reimbursed Interlink

$13

,000,

$14,000

(unaudited),

$4,000

and

$56,000

for the

twelve

months ended

December

31,

2016

and

2015,

the

six

months ended

December

31,

2015

and the year ended

June

30,

2015,

respectively. As of

December

31,

2016

Qualstar owed Interlink

$2,000,

as of

December

31,

2015

no

balance was due

.

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, telephone and other services, located at Qualstar’s executive offices. Pursuant to the License Agreement, BKF shall pay to Qualstar a license fee

$1,200

per month. For the

twelve

months ended

December

31,

2015

and the year ended

June

30,

2015,

BFK paid

$2,400

and

$9,600

to Qualstar as license fees, respectively

. The License Agreement was no longer effective after the Company’s move to the new facilities in

February

2015.

Steven N. Bronson, the Company’s President and CEO, is also the Chairman, CEO and majority shareholder of BKF.