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Related Party Transactions | 6 Months Ended
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Jun. 30, 2021
Related Party Transactions |
Related Party Transactions | Note 5 – Related Party Transactions Qualstar Corporation (OTCM:QBAK) Qualstar Corporation (OTCMKTS:QBAK) (“Qualstar”) is a related party. Steven N. Bronson, our Chairman of the Board, President and Chief Executive Officer, is also the President and Chief Executive Officer and Director of Qualstar. Ryan J. Hoffman, our Chief Financial Officer, is also the Chief Financial Officer of Qualstar. Mr. Bronson, together with BKF Capital Group, Inc. (OTCMKTS:BKFG) which he controls, has a controlling interest in both Interlink and Qualstar. We have a facilities agreement with Qualstar to allow Qualstar to use of a portion of our Irvine, California office facility, for which we have agreed to split substantially all rent and lease-related costs on an apportioned basis according to the approximate relative usage levels by each entity. Qualstar also has a facilities agreement with us to allow us to use of a portion of its Camarillo, California office and warehouse facility, for which we have agreed to split substantially all rent and lease-related costs on an apportioned basis according to the approximate relative usage levels by each entity. In addition, we have various consulting agreements with Qualstar for certain of our respective employees and/or independent contractors that provide operational, sales, marketing, general and administrative services to the other entity. Interlink and Qualstar also agree to reimburse, or be reimbursed by, one another for expenses paid by one company on behalf of the other. Transactions with Qualstar are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30,
​ |  | 2021 | ​ | 2020
​ |  | Due from Qualstar |  | Due to Qualstar |  | Due from Qualstar |  | Due to Qualstar
​ |  | (in thousands)
Balance at April 1, | ​ | $ | 115 | ​ | $ | 8 | ​ | $ | 1 | ​ | $ | 7
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Billed (or accrued) to Qualstar by Interlink | ​ |  | 266 | ​ |  | — | ​ |  | 126 | ​ |  | —
Paid by Qualstar to Interlink | ​ |  | (365) | ​ |  | — | ​ |  | (79) | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Billed (or accrued) to Interlink by Qualstar | ​ |  | — | ​ |  | 23 | ​ |  | — | ​ |  | 20
Paid by Interlink to Qualstar | ​ |  | — | ​ |  | (30) | ​ |  | — | ​ |  | (20)
Balance at June 30, | ​ | $ | 16 | ​ | $ | 1 | ​ | $ | 48 | ​ | $ | 7
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended June 30,
​ |  | 2021 | ​ | 2020
​ |  | Due from Qualstar |  | Due to Qualstar |  | Due from Qualstar |  | Due to Qualstar
​ |  | (in thousands)
Balance at January 1, | ​ | $ | 52 | ​ | $ | 34 | ​ | $ | 24 | ​ | $ | 12
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Billed (or accrued) to Qualstar by Interlink | ​ |  | 475 | ​ |  | — | ​ |  | 254 | ​ |  | —
Paid by Qualstar to Interlink | ​ |  | (511) | ​ |  | — | ​ |  | (230) | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Billed (or accrued) to Interlink by Qualstar | ​ |  | — | ​ |  | 54 | ​ |  | — | ​ |  | 53
Paid by Interlink to Qualstar | ​ |  | — | ​ |  | (87) | ​ |  | — | ​ |  | (58)
Balance at June 30, | ​ | $ | 16 | ​ | $ | 1 | ​ | $ | 48 | ​ | $ | 7
​ BKF Capital Group (OTCM:BKFG) BKF Capital Group, Inc. (OTCMKTS:BKFG) (“BKF Capital”) is a related party. Steven N. Bronson, our Chairman of the Board, President and Chief Executive Officer, is also the Chief Executive Officer and Chairman of BKF Capital. Ryan J. Hoffman, our Chief Financial Officer, is also the Chief Financial Officer of BKF Capital. BKF Capital, together with Mr. Bronson, has a controlling interest in Interlink. We have a facilities agreement with BKF Capital to allow BKF Capital to use of a portion of our Irvine, California office facility, for which we have agreed to split substantially all rent and lease-related costs on an apportioned basis according to the approximate relative usage levels by each entity. Interlink and BKF Capital also agree to reimburse, or be reimbursed by, one another for expenses paid by one company on behalf of the other. For the three months ended June 30, 2021 and 2020, BKF Capital paid Interlink $6 thousand and $0 thousand, respectively, pursuant to these arrangements. For the six months ended June 30, 2021 and 2020, BKF Capital paid Interlink $7 thousand and $0 thousand, respectively, pursuant to these arrangements.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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