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Note L - Subsequent Events
3 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Subsequent Events [Text Block]
L. Subsequent Events
 
On
October 19, 2018,
Natural Alternatives International Europe Ltd. SA, a Swiss corporation ("NAIE") and wholly-owned subsidiary of Natural Alternatives International, Inc. entered into a new lease with its current landlord providing
five
additional years to the term of NAIE's leasehold for its primary manufacturing facility in Manno Switzerland. The new lease term runs from
July 1, 2019
through
June 30, 2024
and is automatically extended for successive
one
-year periods thereafter unless NAIE provides a
one
-year advance notice
not
to extend.  
 
On
November 5, 2018,
Natural Alternatives International Europe Ltd. SA, a Swiss corporation ("NAIE") and wholly-owned subsidiary of Natural Alternatives International, Inc. entered into a lease with Sofinol SA for approximately
2,870
square meters of commercial warehouse space in a building located on the property adjacent to the leasehold for the primary existing NAIE facility in Manno Switzerland. NAIE intends to use the space primarily for raw material storage. The lease is for an initial
five
-year term commencing on
January 1, 2019
and NAIE can terminate the lease with
12
months advance notice given on
June
30th
or
December
31st
each year of the initial term. At the end of the initial term the lease converts to a year to year lease at the same rental rate terminable by NAIE or the landlord upon
12
months' advance notice.