Note 7 - Related Party Transaction |
9 Months Ended |
---|---|
Dec. 30, 2018 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] |
Note
7 – Related Party Transaction
On
August 4, 2017, Carousel entered into a lease of the Carousel facilities in Douglasville, Georgia with JST Capital, LLC (“JST”), a wholly-owned subsidiary of Pritech, Inc., which is owned by the Chief Executive Officer and the former President of Carousel. Carousel made lease payments of $24,000 and $72,000 to JST for the three and nine -month periods ended December 30, 2018, respectively. During the three and nine -month periods ended December 30, 2018,
$20,000 and $60,000, respectively, of the lease payments were included in cost of products sold and $4,000 and $12,000, respectively, were included in marketing and administrative expenses in the accompanying unaudited condensed consolidated statements of income. |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|