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Note 11 - Related Party Transactions
 3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
Note
11
-
Related Party Transactions
 
John H. Schwan, who resigned as Chairman of the Board on
June 1, 2020,
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
none
and
$8,000
during the
three
months ended
March 31, 2020
and
2019,
respectively.
 
During the period from
January 2003
to the present, John H. Schwan has made loans to the Company which have outstanding balances, for the Company of
$1.6
million as of
December 31, 2018.
During
January 2019
he converted
$0.6
million to equity at the then market price of our stock. Including accrued interest, his balance was
$1.1
million as of
March 31, 2020.
During
2020
and
2019,
interest expense on these outstanding loans was
$15,000
and
$16,000,
respectively.
 
Items identified as Notes Payable Affiliates in the Company's Consolidated Balance Sheet as of
March 31, 2020
and
2019
include loans by shareholders to Flexo Universal totaling
$9,000
and
$14,000,
respectively.
 
On
July 1, 2019,
the Company deconsolidated Clever, and as result the Company has a note receivable of
$1.3
million. One of owners of Clever is Mr. Schwan, above.