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Note 11 - Related Party Transactions | 9 Months Ended
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Sep. 30, 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 $2,700 and $12,000 during the nine months ended September 30, 2020 and 2019, respectively. Jana M. Schwan, Chief Operating Officer of the Company, is the daughter of John H. Schwan. As of September 30, 2020 the payable balance amounted to $8,800 and is included in trade payables. During the period from January 2003 to the present, John H. Schwan has made loans to the Company which had 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 September 30, 2020. During the first nine months of 2020 and 2019, interest expense on these outstanding loans was $49,000 and $46,000, respectively. Items identified as Notes Payable Affiliates in the Company's Consolidated Balance Sheet as of September 30, 2020 and 2019 include loans by shareholders to Flexo Universal totaling $20,000 and $12,000, respectively. On July 1, 2019, the Company deconsolidated Clever which resulted in a note receivable at that time of $1.387 million. During the nine months ended September 30, 2020 the Company recorded a reserve of $350,000. One of owners of Clever is Mr. Schwan, above. The balance as of September 30, 2020 amounted to $1,026,813.

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