Related Party Transactions

9 Months Ended

Sep. 30, 2021

Related Party Transactions

Related Party Transactions

Note 5 – Related Party Transactions

Qualstar Corporation (OTCM:QBAK)

Qualstar Corporation (OTCMKTS:QBAK) (“Qualstar”) is a related party. Steven N. Bronson, our Chairman of the Board, President and Chief Executive Officer, is also the President and Chief Executive Officer and Director of Qualstar. Ryan J. Hoffman, our Chief Financial Officer, is also the Chief Financial Officer of Qualstar. Mr. Bronson, together with BKF Capital Group, Inc. (OTCMKTS:BKFG) which he controls, has a controlling interest in both Interlink and Qualstar. We have a facilities agreement with Qualstar to allow Qualstar to use of a portion of our Irvine, California office facility, for which we have agreed to split substantially all rent and lease-related costs on an apportioned basis according to the approximate relative usage levels by each entity. Qualstar also has a facilities agreement with us to allow us to use of a portion of its Camarillo, California office and warehouse facility, for which we have agreed to split substantially all rent and lease-related costs on an apportioned basis according to the approximate relative usage levels by each entity. In addition, we have consulting agreements with Qualstar for certain of our respective employees and/or independent contractors that provide operational, sales, marketing, general and administrative services to the other entity. Interlink and Qualstar also agree to reimburse, or be reimbursed by, one another for expenses paid by one company on behalf of the other. Transactions with Qualstar are as follows:

	Three months ended September 30,
	2021				2020
	Due from Qualstar		Due to Qualstar		Due from Qualstar		Due to Qualstar
	(in thousands)
Balance at June 30,	$	16	$	1	$	48	$	7
Billed (or accrued) to Qualstar by Interlink		217		—		127		—
Paid by Qualstar to Interlink		(217)		—		(162)		—
Billed (or accrued) to Interlink by Qualstar		—		22		—		18
Paid by Interlink to Qualstar		—		(23)		—		(20)
Balance at September 30,	$	16	$	—	$	13	$	5

	Nine months ended September 30,
	2021				2020
	Due from Qualstar		Due to Qualstar		Due from Qualstar		Due to Qualstar
	(in thousands)
Balance at January 1,	$	52	$	34	$	24	$	12
Billed (or accrued) to Qualstar by Interlink		692		—		381		—
Paid by Qualstar to Interlink		(728)		—		(392)		—
Billed (or accrued) to Interlink by Qualstar		—		76		—		71
Paid by Interlink to Qualstar		—		(110)		—		(78)
Balance at September 30,	$	16	$	—	$	13	$	5

BKF Capital Group (OTCM:BKFG)

BKF Capital Group, Inc. (OTCMKTS:BKFG) (“BKF Capital”) is a related party. Steven N. Bronson, our Chairman of the Board, President and Chief Executive Officer, is also the Chief Executive Officer and Chairman of BKF Capital. Ryan J. Hoffman, our Chief Financial Officer, is also the Chief Financial Officer of BKF Capital. BKF Capital, together with Mr. Bronson, has a controlling interest in Interlink. We previously had a facilities agreement with BKF Capital under which BKF Capital was allowed to use a portion of our Irvine, California office facility, for which we had agreed to split substantially all rent and lease-related costs on an apportioned basis according to the approximate relative usage levels by each entity. In addition, we have consulting agreements with BKF Capital for certain of our respective employees and/or independent contractors that provide operational and general and administrative services to the other entity. Interlink and BKF Capital also agree to reimburse, or be reimbursed by, one another for expenses paid by one company on behalf of the other. Transactions with BKF Capital are as follows:

	Three months ended September 30,
	2021				2020
	Due from BKF Capital		Due to BKF Capital		Due from BKF Capital		Due to BKF Capital
	(in thousands)
Balance at June 30,	$	6	$	—	$	1	$	—
Billed (or accrued) to BKF Capital by Interlink		33		—		3		—
Paid by BKF Capital to Interlink		(32)		—		(4)		—
Billed (or accrued) to Interlink by BKF Capital		—		30		—		—
Paid by Interlink to BKF Capital		—		(30)		—		—
Balance at September 30,	$	7	$	—	$	—	$	—

	Nine months ended September 30,
	2021				2020
	Due from BKF Capital		Due to BKF Capital		Due from BKF Capital		Due to BKF Capital
	(in thousands)
Balance at January 1,	$	—	$	—	$	—	$	—
Billed (or accrued) to BKF Capital by Interlink		46		—		4		—
Paid by BKF Capital to Interlink		(39)		—		(4)		—
Billed (or accrued) to Interlink by BKF Capital		—		30		—		—
Paid by Interlink to BKF Capital		—		(30)		—		—
Balance at September 30,	$	7	$	—	$	—	$	—