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Note 10 - Related Party Transactions
9 Months Ended
Sep. 30, 2019
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
Note
10
- Related Party Transactions
 
John H. Schwan, through an investment entity, and Stephen M. Merrick, also through an investment entity, both directors of the Company, 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
September 30, 2019
and
2018,
Clever Container purchased various products from the Company in the amount of
$11,000
and
$259,000,
respectively. During the
nine
months ended
September 30, 2019
and
2018,
Clever Container purchased various products from the Company in the amount of
$74,000
and
$442,000,
respectively. As of
September 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.