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Note 13 - Related Party Transactions | 12 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
Related Party Transactions Disclosure [Text Block] | 13. Related Party Transactions Stephen M. Merrick, Chief Executive Officer of the Company until November 2018, is of counsel to a law firm from which the Company received legal services during the year. Mr. Merrick is both a director and a shareholder of the Company. Legal fees paid to this firm were $88,000 and $154,000 for the years ended December 31, 2018 and 2017, respectively. John H. Schwan, Chairman of the Board, is the brother of Gary Schwan, one of the owners of Schwan Incorporated, which provides building maintenance services to the Company. The Company made payments to Schwan Incorporated of approximately $41,000 and $19,000 during the years ended December 31, 2018 and 2017, respectively. During the period from January 2003 to the present, John H. Schwan, Chairman of the Board, has made loans to the Company which have outstanding balances, for the Company of $1,597,000 and $1,507,000 as of December 31, 2018 and 2017, respectively. During 2018 and 2017, interest expense on these outstanding loans was $93,000 and $94,000, respectively. During 2010, Schwan Leasing and Merrick Company, owned by John H. Schwan and Stephen M. Merrick, provided financing for the acquisition and construction of latex balloon production and related equipment (see Note 14 ). Items identified as Notes Payable Affiliates in the Company's Consolidated Balance Sheet as of December 31, 2018 and 2017 include loans by shareholders to Flexo Universal totaling $28,000 and $41,000, respectively, as well as a loan to CTI Europe totaling $32,000 and $32,000, respectively.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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