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Note 14 - Subsequent Events
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Subsequent Events [Text Block]
NOTE
1
4
– SUBSEQUENT EVENTS
 
 
New Subsidiary
 
Effective
July 1, 2017
a wholly-owned subsidiary called
N2Power,
Inc., was created to operate the internal business unit called
N2Power.
This internal business unit is reflected in our SEC filings under the power supplies business segment. Further, following the establishment of
N2Power,
Inc., all assets (and liabilities) belonging to this subsidiary have been separated from the assets (and liabilities) of Qualstar. This will leave Qualstar, as sole shareholder owning all of the equity interests in
N2Power,
Inc.
 
 
 
Executive Bonus
 
On
August 3, 2017,
at the recommendation of the Company’s Compensation Committee, the Board of Directors approved a
$100,000
bonus to Steven N. Bronson, CEO based on the Company’s performance. The bonus was based on the Company achieving profitability and positive cash flow for the
six
months ended
June 30, 2017.