Note 12 - Related Party Transactions

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

Note 

1

2

 – 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”) and BKF Capital Group, Inc. (“BKF”). Interlink reimburses Qualstar for leased space at the Camarillo facility and, previously 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, 2019

and

2018,

was

$39,000

and

$17,000,

respectively. Interlink owed Qualstar

$5,000

and

$2,000

at

December 31, 2019

and

December 31, 2018,

respectively.

The Company reimburses Interlink for expenses paid on the Company’s behalf. On

December 1, 2017,

the Company entered into various Consulting Agreements with Interlink. Pursuant to the Consulting Agreements, Interlink performs marketing and administrative services to the Company. Interlink receives approximately,

$40,000

per month, plus expenses for these services. Also, Interlink occasionally pays travel and other expenses incurred by Qualstar employees. The Company reimbursed Interlink

$264,000

and

$213,000

for the

twelve

months ended

December 31, 2019

and

2018,

respectively. Qualstar owed Interlink

$25,000

and

$3,000,

at

December 31, 2019

and

December 31, 2018,

respectively.

The Company reimburses BKF for expenses paid on the Company’s behalf. BKF occasionally pays consulting expenses incurred by Qualstar. The Company reimbursed BKF

$2,000

and

$1,000

for the

twelve

months ended

December 31, 2019

and

2018,

respectively.

No

amount was owed to BKF as of

December 31, 2019

and

2018.