Note 4 - Preferred Stock

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Preferred Stock [Text Block]

Note 

4

 – Preferred Stock

Qualstar’s Articles of Incorporation allow for the Board of Directors to issue up to

5,000,000

 shares of preferred stock. The Board of Directors has authority to fix the rights, preferences, privileges and restrictions, including voting rights, of these shares of preferred stock without any future vote or action by the shareholders. At

December 31, 2019

and

2018,

there were

no

outstanding shares of preferred stock.