Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Related Party Transaction

v3.8.0.1
Note 7 - Related Party Transaction
6 Months Ended
Oct. 01, 2017
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
N
ote
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 President of Carousel.  Carousel made lease payments of
$15,000
to JST for each of the
three
and
six
-month periods ended
October 1, 2017,
$13,000
of which is included in cost of products sold and
$2,000
of which is included in marketing and administrative expenses in the accompanying unaudited condensed consolidated statements of income.