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Note 10 - Related Party Transactions
 6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
Note
10
-
Related Party Transactions
 
Stephen M. Merrick, Chief Executive Officer of the Company, is of counsel to the law firm of Vanasco Genelly and Miller PC which used to provide legal services to the Company. Legal fees paid by the Company to this firm for the
three
months ended
June 30, 2019
and
2018,
respectively, were
none
and
$16,000.
Legal fees paid by the Company to this firm for the
six
months ended
June 30, 2019
and
2018,
respectively, were
none
and
$88,000.
 
John H. Schwan, through an investment entity, and Stephen M. Merrick, Chief Executive Officer of the Company, also through an investment entity own, in aggregate, a
50%
interest in Clever Container Company L.L.C., an Illinois limited liability company (“Clever Container”). During the
three
months ended
June 30, 2019
and
2018,
Clever Container purchased various products from the Company in the amount of
$1,000
and
$259,000,
respectively. During the
six
months ended
June 30, 2019
and
2018,
Clever Container purchased various products from the Company in the amount of
$63,000
and
$442,000,
respectively. As of
June 30, 2019
and
2018,
the balance of accounts receivable from Clever Container to the Company were
$1,379,000
and
$1,199,000,
respectively. The Company owns a
28.5%
interest in Clever Container, though has announced the intention to divest its interest in Clever Container. This transaction has
not
been completed as of the filing of this report.