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RELATED PARTY TRANSACTIONS | 12 Months Ended
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Dec. 31, 2017
RELATED PARTY TRANSACTIONS |
RELATED PARTY TRANSACTIONS | NOTE 9-RELATED PARTY TRANSACTIONS BKF Capital Group (OTC:BKFG) We entered into an agreement, dated March 1, 2016 with BKF Capital Group, Inc. (“BKF”). Pursuant to the agreement, BKF occupies and uses one furnished office, telephone and other services, located at our corporate offices, for a fee of $1,000 per month. The agreement was amended effective February 1, 2017 reducing the fee to $250 per month. In addition, we will occasionally pay administrative expenses on behalf of BKF, and BKF will reimburse the Company. For the years ended December 31, 2017 and 2016, BKF paid $4 thousand and $12 thousand, respectively to the Company. Steven N. Bronson, our Chairman of the Board, President and Chief Executive Officer, is also the Chairman of the Board, Chief Executive Officer and majority shareholder of BKF. At December 31, 2017 and 2016, BKF owed us $0 thousand and $1 thousand, respectively. Qualstar Corporation (NASDAQ:QBAK) The Company agreed to reimburse, or be reimbursed by, Qualstar Corporation (“Qualstar”) for our occupation and use of a portion of their Simi Valley manufacturing location and other expenses paid by one company on behalf of the other. Steven N. Bronson, our Chairman of the Board, President and Chief Executive Officer, is also the President and Chief Executive Officer of Qualstar. Transactions with Qualstar are as follows:
|  | Year ended December 31, |
|  | 2017 |  | 2016 |
|  | Due from Qualstar |  | Due to Qualstar |  | Due from Qualstar |  | Due to Qualstar |
|  | (in thousands) |
Balance at January 1, |  | $ | 2 |  | $ | 1 |  | $ | — |  | $ | 6 |
Billed to Qualstar by Interlink |  |  | 28 |  |  | — |  |  | 13 |  |  | — |
Paid by Qualstar to Interlink |  |  | (13) |  |  | — |  |  | (11) |  |  | — |
Billed to Interlink by Qualstar |  |  | — |  |  | 13 |  |  | — |  |  | 34 |
Paid by Interlink to Qualstar |  |  | — |  |  | (14) |  |  | — |  |  | (39) |
Balance at December 31, |  | $ | 17 |  | $ | - |  | $ | 2 |  | $ | 1 |

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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