Note 7 - Related Party Transaction |
6 Months Ended |
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Sep. 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 $48,000 to JST for the three and six -month periods ended September 30, 2018, respectively. During the three and six -month periods ended September 30, 2018,
$20,000 and $40,000, respectively, of the lease payments were included in cost of products sold and $4,000 and $8,000, respectively, were included in marketing and administrative expenses in the accompanying unaudited condensed consolidated statements of income. |