Note 7 - Related Party Transaction |
9 Months Ended |
|---|---|
Dec. 31, 2017 | |
| 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 President of Carousel. Carousel made lease payments of
$24,000 and $39,000 to JST for the three and nine -month periods ended December 31, 2017, respectively. During the three and nine -month periods ended December 31, 2017,
$21,000 and $34,000, respectively, of the lease payments were included in cost of products sold and $3,000 and $5,000, respectively, were included in marketing and administrative expenses in the accompanying unaudited condensed consolidated statements of income. |