Note 13 - Related Party Transaction
|12 Months Ended|
Mar. 31, 2019
|Notes to Financial Statements|
|Related Party Transactions Disclosure [Text Block]||
– Related Party Transaction
August 4, 2017,Carousel entered into a lease of the Carousel facilities 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
$63,000to JST during fiscal years
2018,respectively. During fiscal years
$55,000,respectively, of the lease payments were included in cost of products sold and
$8,000,respectively, were included in marketing and administrative expenses in the accompanying consolidated statements of income.
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