Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2017 | Mar. 08, 2018 | Jun. 30, 2017 | |
Document Information [Line Items] | |||
Entity Registrant Name | QUALSTAR CORP | ||
Entity Central Index Key | 758,938 | ||
Trading Symbol | qbak | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Common Stock, Shares Outstanding (in shares) | 2,045,519 | ||
Entity Public Float | $ 7,415,671 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2017 | ||
Document Fiscal Year Focus | 2,017 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Current assets: | ||
Cash and Cash Equivalents | $ 4,698 | $ 3,691 |
Restricted cash | 100 | 100 |
Accounts receivable, net | 1,802 | 1,583 |
Inventories, net | 1,564 | 1,360 |
Prepaid expenses and other current assets | 163 | 166 |
Total current assets | 8,327 | 6,900 |
Property and equipment, net | 172 | 286 |
Other assets | 68 | 77 |
Total assets | 8,567 | 7,263 |
Current liabilities: | ||
Accounts payable | 1,065 | 888 |
Accrued payroll and related liabilities | 173 | 222 |
Deferred service revenue | 834 | 787 |
Other accrued liabilities | 454 | 359 |
Total current liabilities | 2,526 | 2,256 |
Other long-term liabilities | 52 | 63 |
Deferred service revenue, long term | 93 | 105 |
Total long-term liabilities | 145 | 168 |
Total liabilities | 2,671 | 2,424 |
Commitments and contingencies (Note 10) | ||
Shareholders’ equity: | ||
Preferred stock, no par value; 5,000,000 shares authorized; no shares issued | 0 | 0 |
Common stock, no par value; 50,000,000 shares authorized; 2,042,019 shares issued and outstanding as of December 31, 2017 and 2016, respectively | 19,480 | 19,063 |
Accumulated deficit | (13,584) | (14,224) |
Total shareholders’ equity | 5,896 | 4,839 |
Total liabilities and shareholders’ equity | $ 8,567 | $ 7,263 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares $ / shares in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Preferred stock, no par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Common stock, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 50,000,000 | 50,000,000 |
Common stock, shares issued (in shares) | 2,042,019 | 2,042,019 |
Common stock, shares outstanding (in shares) | 2,042,019 | 2,042,019 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Net revenues | $ 10,641 | $ 9,417 |
Cost of goods sold | 6,392 | 6,824 |
Gross profit | 4,249 | 2,593 |
Operating expenses: | ||
Engineering | 535 | 990 |
Sales and marketing | 1,239 | 1,229 |
General and administrative | 1,818 | 1,587 |
Total operating expenses | 3,592 | 3,806 |
Income (loss) from operations | 657 | (1,213) |
Other income | 3 | |
Income (loss) before income taxes | 657 | (1,210) |
Provision for income taxes | 17 | |
Net income (loss) | 640 | (1,210) |
Change in unrealized losses on investments | ||
Comprehensive income (loss) | $ 640 | $ (1,210) |
Net income (loss) per share: | ||
Basic and Diluted (in dollars per share) | $ 0.31 | $ (0.59) |
Shares used to compute net income (loss) per share: | ||
Basic and Diluted (in shares) | 2,042 | 2,042 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands | Common Stock [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Total |
Balances (in shares) at Dec. 31, 2015 | 2,042,000 | |||
Balances at Dec. 31, 2015 | $ 19,061 | $ (13,014) | $ 6,047 | |
Share-based compensation | 2 | 2 | ||
Net loss | (1,210) | $ (1,210) | ||
Exercise of stock options (in shares) | ||||
Balances (in shares) at Dec. 31, 2016 | 2,042,000 | |||
Balances at Dec. 31, 2016 | $ 19,063 | (14,224) | $ 4,839 | |
Share-based compensation | 413 | 413 | ||
Net loss | 640 | $ 640 | ||
Exercise of stock options (in shares) | 1,000 | 600 | ||
Exercise of stock options | $ 4 | $ 4 | ||
Balances (in shares) at Dec. 31, 2017 | 2,043,000 | |||
Balances at Dec. 31, 2017 | $ 19,480 | $ (13,584) | $ 5,896 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
CASH FLOW FROM OPERATING ACTIVITIES: | ||
Net loss | $ 640 | $ (1,210) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
Depreciation and amortization | 154 | 182 |
Loss on disposal of assets | 5 | 23 |
(Recovery) of doubtful accounts, net | (7) | (38) |
Provision for inventory reserve | 364 | 972 |
Share-based compensation | 413 | 2 |
Changes in operating assets and liabilities: | ||
Accounts receivable | (212) | 85 |
Inventories | (568) | 112 |
Prepaid expenses and other assets | 11 | 1 |
Accounts payable | 177 | 132 |
Accrued payroll and related liabilities | (49) | (110) |
Deferred service revenue | 35 | (206) |
Other accrued liabilities | 84 | (72) |
Net cash provided by (used in) operating activities | 1,047 | (127) |
CASH FLOW FROM INVESTING ACTIVITIES: | ||
Purchases of equipment | (44) | (45) |
Proceeds from the exercise of stock options | 4 | |
Net cash (used in) investing activities | (40) | (45) |
NET INCREASE (DECREASE) IN CASH, RESTRICTED CASH AND CASH EQUIVALENTS | 1,007 | (172) |
CASH, RESTRICTED CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 3,791 | 3,963 |
CASH, RESTRICTED CASH AND CASH EQUIVALENTS, END OF PERIOD | 4,798 | 3,791 |
SUPPLEMENTAL CASH FLOW DISCLOSURES: | ||
Income taxes paid | $ 3 | $ 9 |
Note 1 - Significant Accounting
Note 1 - Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | Note 1 Significant Accounting Policies Business Qualstar Corporation and its Subsidiaries (“ Qualstar”, the “Company”, “we”, “us” or “our”) is organized into two N2Power 1984 two N2Power, 2017 2014 N2Power We design our products at our facilities in California and Singapore. We sell our products globally through authorized resellers and directly to OEMs. N2Power The consolidated financial statements include our accounts and the accounts of our wholly-owned subsidiaries, N2Power, . and Qualstar Corporation Singapore Private Limited . All significant intercompany accounts and transactions have been eliminated in consolidation. Accounting Principles The consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) . Estimates and Assumptions Preparing financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Examples include estimates of loss contingencies, product life cyc les and inventory obsolescence, bad debts, sales returns, warranty costs, share-based compensation forfeiture rates, the tax consequences of events that have been recognized in our consolidated financial statements or tax returns and determining when investment impairments are other-than-temporary. Actual results and outcomes may Revenue Recognition We recognize revenue when there is persuasive evidence that an arrangement exists, title and risk of loss have passed, delivery has occurred or the services have been rendered, the sales price is fixed or determinable and collection o f the related receivable is reasonably assured. Title and risk of loss generally pass to our customers upon shipment. In limited circumstances where either title or risk of loss pass upon destination or acceptance or when collection is not thirty not We record an allowance for estima ted sales returns based on past experience and current knowledge of our customer base. Our experience has been such that only a very small percentage of products are returned. Should our experience change, however, we may Revenue for established products that have previously satisfied a customer ’s acceptance requirements and provide for full payment tied to shipment is generally recognized upon shipment and passage of title. In limited cases where a prior history of customer acceptance cannot be demonstrated or sales where customer payment dates are not not not At December 31, 2017, $927 ,000 no December 31, 2016, $892,000 no Cash and Cash Equivalents Qualstar classifies as cash equivalents only cash and those investments that are highly liquid, interest-earning investments with original maturities of three Restricted Cash At December 31, 2017 2016, $100,000 ’s credit cards. Concent ration of Credit Risk, Other Concentration Risks and Significant Customers Qualstar sells its products primarily through value added resellers located worldwide. Ongoing credit evaluations of customers ’ financial condition are performed by Qualstar, and generally, collateral is not We are exposed to foreign currency and interest rate risks. Our interest income is sensitive to changes in the general level of U.S. interest rates, particularly since all of our investments are in US fixed income securities. We have no may Our financial results could be affected by changes in foreign currency exchange rates or weak economic conditions in foreign markets. As all sales are currently made in U.S. dollars, a strengthening of the dollar could make our products less competitive in foreign markets. Sales outside North America represented approximately 37.7% twelve December 31, 2017 46.1% twelve December 31, 2016. Revenues from Qualstar ’s largest customer totaled approximately 13.2% 10.6% twelve December 31, 2017 2016, December 31, 2017, 9.3% December 31, 2016, 22.3% Suppliers The primary suppliers of our power supplies segment, N2Power, at all, our power supply or data storage business could be adversely affected. Though we have many years of favorable experience with these suppliers, there can be no not Allowance for Doubtful Accounts The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence. Activity in the allowance for doubtful accounts was as follows (in thousands): Description Balance at Beginning of Period Charged to Costs and Expenses Charged to Other Accounts Deductions (1) Balance at End of Period Twelve mont hs ended December 31, 2017 $ 61 $ 3 $ — $ (10 ) $ 54 Twelve m onths ended December 31, 2016 $ 99 $ (38 ) $ — $ — $ 61 ( 1 Uncol lectible accounts written off, net of recoveries. Inventories , net Inventories are stated at the lower of cost or net realizable value. Cost includes materials, labor, and manufacturing overhead related to the purchase and production of inventories. We regularly review inventory quantities on hand, future purchase commitments with our suppliers, and the estimated utility of our inventory. If our review indicates a reduction in utility below carrying value, we reduce our inventory to a new cost basis. Property and Equipment , net Property and equipment are recorded at cost less accumulated depreciation and amortization. Depreciation expense is computed using the straight-line method. Leasehold improvements are amortized over the shorter of the estimated useful life of the asset or the term of the lease. Estimated useful lives are as follows: Machinery and equipment (in years) 5 - 7 Furniture and fixtures (in years) 5 - 7 Leasehold Improvements (in years) 3 - 5 Computer equipment (in years) 3 - 5 Expenditures for normal maintenance and repair s are charged to expense as incurred, and improvements are capitalized. Upon the sale or retirement of property or equipment, the asset cost and related accumulated depreciation are removed from the respective accounts and any gain or loss is included in the results of operations. Long-Lived Assets Qualstar reviews the impairment of long-lived assets whenever events or changes in circumstances indicate the carrying amount of any asset may not e . An impairment loss would be recognized when the estimated undiscounted future cash flows expected to result from the use of the asset and its eventual disposition is less than the carrying amount. If impairment is indicated, the amount of the loss to be recorded is based upon an estimate of the difference between the carrying amount and the fair value of the asset. Fair value is based upon discounted cash flows expected to result from the use of the asset and its eventual disposition and other valuation methods. No Shipping and Handling Costs Qualstar records all customer charges for outbound shipping and handling to freight revenue. All inbound and outbound shipping and fulfillment costs are classified as costs of goods sold. Warranty Obligations We provide a three -year advance replacement warranty on all XLS and RLS models that includes replacement of components, or if necessary, complete libraries. XLS libraries sold in North America also include one may may three -year warranty. We provide a three -year warranty on all power supplies that includes repair or if necessary, replacement of the power supply. A provision for costs related to warranty expense is recorded when revenue is recognized, which is estimated based on historical warranty costs incurred. Customers may Activity in the liability for product warranty (included in other accrued liabilities) for the periods presented is as follows (in thousands): December 31, 201 7 201 6 Beginning balance $ 236 $ 187 Cost of warranty claims (37 ) (157 ) Accruals for product warranties 123 206 Ending balance $ 322 $ 236 Engineering All engineering costs are charged to expense as incurred. These costs consist primarily of engineering salaries, benefits, outside consultant fees, purchased parts and supplies directly involved in the design and development of new products, and facilities and other internal costs. Advertising Advertising and promotion expenses include costs associated with direct and indirect marketing, trade shows and public relations. Qualstar expenses all costs of advertising and promotion as incurred. Advertising and promotion expenses for the years ended December 31, 2017 2016 $49,000 $73,000, Fair Value Measurements We determine fair value measurements based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, we follow the following fair value hierarchy that distinguishes between ( 1 2 Level 1: Level 2: Level 3: no Our assessment of the significance of a particular input to the fair value measurement requires judgment and may The following table presents our cash and cash equivalents and restricted cash measured at fair value on a recurring basis at December 31, 2017 2016 December 31, 2017 Adjusted Cost Unrealized Gains Unrealized Losses Fair Value Cash & Cash Equivalents Level 1: Cash $ 4,698 $ - $ - $ 4,698 $ 4,698 Restricted Cash 100 - - 100 100 Total $ 4,798 $ - $ - $ 4,798 $ 4,798 December 31, 2016 Adjusted Cost Unrealized Gains Unrealized Losses Fair Value Cash & Cash Equivalents Level 1: Cash $ 3,691 $ - $ - $ 3,691 $ 3,691 Restricted Cash 100 - - 100 100 Total $ 3,791 $ - $ - $ 3,791 $ 3,791 Share-Based Compensation Share-based compensation cost is measured at the grant date based on fair value of the award and is recognized as expense over the applicable vesting period (vesting can be immediate or over a period of four ne method. Inco me Taxes Income taxes are accounted for using the liability method. Under this method, deferred tax liabilities and assets are recognized for the expected future tax consequences of temporary differences between the financial statement and tax bases of assets and liabilities, and for the expected future tax benefit to be derived from tax credits and loss carry forwards. Current income tax expense or benefit represents the amount of income taxes expected to be payable or refundable for the current year. A valuation allowance is established when, in the opinion of management, it is more likely than not not Comprehensive Income ( Loss ) Comprehensive income ( loss) includes unrealized gains and losses on debt and equity securities classified as available-for-sale and included as a component of shareholders’ equity. Earnings per Share Basic net earnings per share has been computed by dividing net income or loss by the weighted average number of common shares outstanding during the period . Diluted net income per share is computed by dividing net income by the weighted average number of diluted common shares, which is inclusive of common stock equivalents from unexercised stock options. Unexercised stock options are considered to be common stock equivalents if, using the treasury stock method, they are determined to be dilutive. Shares issuable under stock options of 188,033 23,333 December 31, 2017 2016 Recent Accounting Guidance Recent accounting guidance not In May 2014, No. 2014 09, Revenue from Contracts with Customers (Topic 606 2014 09 No. 2015 14, 2016 08, No. 2016 10, No. 2016 12, 2014 09 may December 15, 2017. January 1, 2018, 2014 09 not In February 2016, 2016 02 December 15, 2018. may In August 2016, 2016 15 r December 15, 2017 not In October 2016, 2016 16 This standard is effective for fiscal years beginning after December 15, 2017 not In January 2017, 2017 01 ears beginning after December 15, 2017 not In May 2017, 2017 09 the guidance for stock compensation, to a change to the terms or conditions of a share-based payment award. This standard is effective for fiscal years beginning after December 15, 2017 not Recent accounting guidance adopted In July 2015, 2015 11 January 1, 2017, 2015 11 not |
Note 2 - Inventories, Net
Note 2 - Inventories, Net | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | Note 2 – Inventories , net Inventories consist of the following , in thousands: December 31 , 201 7 December 31, 201 6 Raw materials $ 55 $ 45 Finished goods 1,509 1,315 Inventories, net $ 1,564 $ 1,360 |
Note 3 - Property and Equipment
Note 3 - Property and Equipment, Net | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | Note 3 – Property and Equipment , net The components of property and equipment are as follows , in thousands: December 31 , 201 7 December 31, 201 6 Leasehold improvements $ 114 $ 114 Furniture and fixtures 268 314 Machinery and equipment 842 1,039 Total property and equipment 1,224 1,467 Less accumulated depreciation and amortization (1,052 ) (1,181 ) Property and equipment, net $ 172 $ 286 Depreciation and amortization expense for the year ended December 31, 2017 2016 $154 ,000, $182 ,000, |
Note 4 - Accrued Payroll and Re
Note 4 - Accrued Payroll and Related Liabilities | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | Note 4 – Accrued Payroll and Related Liabilities The components of accrued payroll and related liabilities are as follows , in thousands: December 31 , 201 7 December 31, 201 6 Accrued salaries and payroll taxes $ 59 $ 62 Accrued vacation 114 120 Accrued bonuses - 40 Total accrued payroll and related liabilities $ 173 $ 222 |
Note 5 - Other Accrued Liabilit
Note 5 - Other Accrued Liabilities | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block] | Note 5 – Other Accrued Liabilities The components of other accrued liabilities are as follows, in thousands: December 31 , 201 7 December 31, 201 6 Accrued warranty $ 322 $ 236 Accrued outside commissions 69 28 Accrued contingent legal fees - 25 Accrued deferred rent 29 37 Other accrued liabilities 34 33 Total other accrued liabilities $ 454 $ 359 |
Note 6 - Income Taxes
Note 6 - Income Taxes | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 6 – Income Taxes The provision for (benefit from) income taxes is comprised of the following , in thousands: December 31 , 201 7 December 31, 201 6 Current: Federal (Net of a net operating loss benefit of $356) $ — $ — State (Net of a net operating loss benefit of $82) 13 — Foreign 4 — 17 — Deferred: Federal — — State — — $ — $ — $ 17 $ — The following is a reconciliation of the statutory federal income tax rate to Qualstar ’s effective income tax rate: Twelve Months Ended December 31, 201 7 201 6 Statutory federal income tax benefit 34.0 % (34.0 )% State income taxes, net of federal income tax benefit 13.6 8.7 Foreign income taxes, net of federal income tax benefit 6.4 (1.3 ) Engineering credits 3.4 (5.2 ) Tax effect of change in federal tax rate (from 34% to 21%) 649.5 Valuation allowance (712.0 ) 26.2 Other 7.8 5.6 Effective federal income tax rate 2.7 % 0.0 % T he tax effect of temporary differences resulted in deferred income tax assets (liabilities) as follows: December 31 , 201 7 December 31, 201 6 Deferred tax assets: Net operating loss carry forwards $ 8,002 $ 12,295 Engineering credit carry forwards 1,919 1,830 Inventory reserves 646 1,015 Capital loss and other credit carry forwards 0 21 Allowance for bad debts and returns 17 45 Capitalized inventory costs, stock compensation and other accruals 500 596 Total gross deferred tax assets 11,084 15,802 Less valuation allowance on deferred tax assets (11,084 ) (15,765 ) Net deferred tax assets 0 37 Deferred tax liabilities: Depreciation and other — (37 ) Total deferred tax liabilities — (37 ) Net deferred taxes $ — $ — On December 22, 2017, 1 Tax Act”), originally known as the Tax Cuts and Jobs Act, was enacted in the United States. In addition to reducing the corporate tax rate to 21% January 1, 2018, January 1, 2018, 2017 2017 $13,000, January 1, 2018, 2017 As previously indicated, the Company records a valuation allowance against its net deferred income tax assets in accordance with ASC 740 Income Taxes” when in management’s judgment, it is more likely than not not December 31, 2017 2016, The Company has net operating loss carry-forwards for federal income tax purposes of approximately $31.7 December 31, 2017 $32.6 December 31, 2016. $20.6 December 31, 2017 $21.9 December 31, 2016 . The Company reported net operating loss carry-forwards for foreign income tax purposes of approximately $0.2 December 31, 2016, not not 2017 $2.7 December 31, 2017 $2.7 December 31, 2016. If not 2025, 2024. not December 31, 2017 pire beginning in 2018. no The following table summarizes the activity related to the Company ’s uncertain tax positions (in thousands): December 31 , 201 7 December 31, 201 6 Beginning Balance $ 29 $ 27 Increases related to tax positions taken in current year — — Increases related to tax positions taken in prior year — 2 Decreases due to lapse of statute of limitations — — Related interest and penalties, net of federal tax benefit — — Balance at December 31 $ 29 $ 29 The deferred tax asset amounts related to NOL and credit carryforwards have been reduced by approximately $5 27,000 twelve not no The Company ’s policy is to include interest and penalties on uncertain tax positions in income tax expense, but they are not December 31, 2017. June 30, 2014 June 30, 2013 not December 31, 2017. |
Note 7 - Preferred Stock
Note 7 - Preferred Stock | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Preferred Stock [Text Block] | Note 7 – Preferred Stock Qualstar ’s Articles of Incorporation allow for the Board of Directors to issue up to 5,000,000 December 31, 2017 2016, no |
Note 8 - Stock Based Compensati
Note 8 - Stock Based Compensation | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 8 –Stock Based Compensation The Company recorded share-based compensation associated with outstanding stock options and restricted stock grants during the twelve December 31, 2017 2016 $413,000 $2,000 No gnized in the statements of comprehensive income (loss) for share-based arrangements in any period presented. Stock Option Plan The Company has t hree share-based compensation plans as described below. Qualstar adopted the 1998 1998 1998 2008 no may 3,333 1998 March 2018. Qualstar adopted the 2008 2008 may 2008 2018 no may 20,000 2008 The 2017 2017 June 13, 2017. 2017 permits the award of stock options (both incentive and non-qualified options), stock appreciation rights, restricted stock, restricted stock units, unrestricted stock, performance shares, dividend equivalent rights and cash-based awards to employees (including executive officers), directors and consultants of the Company and its subsidiaries. The 2017 200,000 and the plan is administered by the Compensation Committee of the Company’s Board of Directors. With respect to options, the fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model that uses various inputs, including volatility, expected term and risk-free interest rate. Expected volatilities are based on the historical volatility of the Company’s stock. The Company uses historical data to estimate option exercise and employee termination in determining forfeiture rates. The expected term of options granted is estimated based on the vesting term of the award, historical employee exercise behavior, expected volatility of the Company’s stock and an employee’s average length of service. The risk-free interest rate used in this model correlates to a U.S. constant rate Treasury security with a contractual life that approximates the expected term of the option award. The following table summarizes all stock option activity; the amounts shown have been retrospectively restated for the one -for - six June 14, 2016: Options Shares Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding at December 31, 201 5 40,000 8.70 47.94 — Granted — — — — Exercised — — — — Forfeited, canceled or expired (16,667 ) 7.62 — — Outstanding at December 31, 201 6 23,333 9.49 6.43 — Granted 165,300 7.08 — — Exercised (600 ) 7.08 — — Forfeited, canceled or expired — — — — Outstanding at December 31, 2017 188,033 7.38 8.63 — Exercisable at December 31, 2017 188,033 $ 7.38 8.63 $ — At December 31, 2017 , there is no December 31, 2017 2016 $413 ,000 $2,000, . |
Note 9 - Stockholders' Equity
Note 9 - Stockholders' Equity | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | Note 9 – Stockholders’ Equity On June 14, 2016, Company’s shareholders at the 2016 one six June 14, 2016. 12,253,117 2,042,020 June 14, 2016. 50,000,000 5,000,000. On November 11, 2016, Stock Repurchase Program”) to repurchase shares of the Company’s common stock. The program permited purchases of up to a maximum aggregate purchase price of $750,000 No November 21, 2017. |
Note 10 - Commitments
Note 10 - Commitments | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Commitments Disclosure [Text Block] | Note 1 0 – Commitments Qualstar lease s a 15,160 three December 15, 2014 three February 28, 2021. $11 ,000 3% Qualstar subleases a portion of the warehouse space to Interlink Electronics, Inc. (Interlink) and is reimbursed for the space and other related expenses on a monthly basis. As described in Note 14, Qualstar also leases approximately 5,400 square feet of office space in Westlake Village, California, that expires January 31, 2020. $11,000 3% March 21, 2016, $12,000 3% Effective April 1, 2016, two -year lease was signed for 1,359 $2,500 March 31, 2019. The Compa ny provides for rent expense on a straight-line basis over the lease terms. Future minimum lease payments under these leases are as follows: Years Ending December 31, Minimum Lease Payment Sublease Revenue Net Minimum Lease Payment 201 8 $ 290 $ (147 ) $ 143 201 9 274 (147 ) 127 20 20 147 (12 ) 135 202 1 23 - 23 Total Commitment $ 734 $ (306 ) $ 428 Rent expense for the twelve December 31, 2017 2016 $145,000 $184,000, |
Note 11 - Segment Information
Note 11 - Segment Information | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | Note 1 1 – Segment Information Based on the provisions of ASC 280, Segment Reporting,” and the manner in which the Chief Operating Decision Maker analyzes the business, Qualstar has determined that it has two Twelve Months Ended December 31, 201 7 201 6 Revenue Power Supplies $ 6,297 $ 5,601 Data Storage: Product 2,427 1,949 Service 1,917 1,867 Total Data Storage 4,344 3,816 Total Revenue $ 10,641 $ 9,417 Twelve Months Ended December 31, 201 7 201 6 Income (Loss) before Taxes Power Supplies $ 23 $ (545 ) Data Storage 617 (665 ) Total Income (Loss) before Income Taxes $ 640 $ (1,210 ) December 31 , 201 7 December 31, 201 6 Total Assets Cash and Cash Equivalents $ 4,698 $ 3,691 Restricted cash 100 100 Other assets: Power Supplies Accounts receivable, net 831 1,158 Inventories, net 725 444 Other assets 72 74 1,628 1,676 Data Storage Accounts receivable, net 971 425 Inventories, net 839 916 Other assets 331 455 2,141 1,796 Total Assets $ 8,567 $ 7,263 December 31 , 201 7 December 31, 201 6 Property and Equipment Power Supplies: Gross fixed assets $ 215 $ 534 Less: accumulated depreciation and amortization (151 ) (500 ) Net power supply fixed assets $ 64 $ 34 Data Storage: Gross fixed assets $ 759 $ 933 Less: accumulated depreciation and amortization (651 ) (681 ) Net data storage fixed assets $ 108 $ 252 In its operation of the business, management reviews certain financial information, including segmented internal profit and loss statements prepared on a basis consistent with GAAP. Our two two scussed in this analysis are presented in the way we internally managed and monitored performance for the twelve December 31, 2017. twelve December 31. N2Power, The types of products and services provided by each segment are summarized below : Power Supplies — The Company designs, manufactures, and sells small, open frame, high efficiency switching power supplies. These power supplies are used to convert AC line voltage to DC voltages, or DC voltages to other DC voltages for use in a wide variety of electronic equipment such as telecommunications equipment, machine tools, routers, switches, wireless systems and gaming devices. Data Storage — The Company designs, manufactures, supports and sells data storage devices used to store, retrieve and manage electronic data primarily in network computing environments. Tape libraries consist of cartridge tape drives, tape cartridges and robotics to move the cartridges from their storage locations to the tape drives under software control. Our tape libraries provide data storage solutions for organizations requiring backup, recovery and archival storage of critical data. Geographic Information Information regarding revenues attributable to Qualstar ’s primary geographic operating regions is as follows, in thousands: Twelve Months Ended December 31, 201 7 201 6 Total Revenue: North America $ 6,629 $ 5,077 Europe 1,910 1,955 Asia Pacific 1,878 2,293 Other 224 92 $ 10,641 $ 9,417 Power Supply Revenue: North America 3,787 2,157 Europe 1,262 1,474 Asia Pacific 1,248 1,970 Other — — $ 6,297 $ 5,601 Data Storage Revenue: North America 2,842 2,920 Europe 648 481 Asia Pacific 630 323 Other 224 92 $ 4,344 $ 3,816 The geographic classification of revenues is based upon the location to which the product is shipped. Qualstar does not |
Note 12 - Legal Proceedings
Note 12 - Legal Proceedings | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Legal Matters and Contingencies [Text Block] | Note 1 2 – Legal Proceedings Qualstar is subject to a variety of claims and legal proceedings that arise from time to time in the ordinary course of our business. Although management currently believes that resolving claims against us, individually or in the aggregate, will not may No December 31, 2017. December 31, 2016, $25,000 |
Note 13 - Benefit Plans
Note 13 - Benefit Plans | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | Note 1 3 – Benefit Plans Qualstar has a voluntary deferred compensation plan (the “ Plan”) qualifying for treatment under Internal Revenue Code Section 401 three may 100% not may 25% first 6% August 2009. |
Note 14 - Related Party Transac
Note 14 - Related Party Transactions | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | Note 1 4 – Related Party Transactions Steven N. Bronson is the Company ’s CEO and is also the President and CEO and a majority shareholder of Interlink Electronics, Inc. (“Interlink”). Interlink reimburses Qualstar for leased space at the Simi Valley facility and for other administrative expenses paid by or on behalf of the Company. The total amount charged to Interlink for the twelve December 31, 2017 2016, $13 ,000 $33 ,000, $2,000 $1,000 December 31, 2017 December 31, 2016, The Company reimburses Interlink for expenses paid on the Company ’s behalf. Interlink occasionally pays travel and other expenses incurred by Qualstar. The Company reimbursed Interlink $28 ,000 $13 ,000 twelve December 31, 2017 2016 , respectively. Qualstar owed Interlink $17 ,000 $2,000, December 31, 2017 December 31, 2016, |
Note 15 - Subsequent Events
Note 15 - Subsequent Events | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 15 None. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Accounting Principles The consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) . |
Use of Estimates, Policy [Policy Text Block] | Estimates and Assumptions Preparing financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Examples include estimates of loss contingencies, product life cyc les and inventory obsolescence, bad debts, sales returns, warranty costs, share-based compensation forfeiture rates, the tax consequences of events that have been recognized in our consolidated financial statements or tax returns and determining when investment impairments are other-than-temporary. Actual results and outcomes may |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition We recognize revenue when there is persuasive evidence that an arrangement exists, title and risk of loss have passed, delivery has occurred or the services have been rendered, the sales price is fixed or determinable and collection o f the related receivable is reasonably assured. Title and risk of loss generally pass to our customers upon shipment. In limited circumstances where either title or risk of loss pass upon destination or acceptance or when collection is not thirty not We record an allowance for estima ted sales returns based on past experience and current knowledge of our customer base. Our experience has been such that only a very small percentage of products are returned. Should our experience change, however, we may Revenue for established products that have previously satisfied a customer ’s acceptance requirements and provide for full payment tied to shipment is generally recognized upon shipment and passage of title. In limited cases where a prior history of customer acceptance cannot be demonstrated or sales where customer payment dates are not not not At December 31, 2017, $927 ,000 no December 31, 2016, $892,000 no |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents Qualstar classifies as cash equivalents only cash and those investments that are highly liquid, interest-earning investments with original maturities of three Restricted Cash At December 31, 2017 2016, $100,000 ’s credit cards. |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concent ration of Credit Risk, Other Concentration Risks and Significant Customers Qualstar sells its products primarily through value added resellers located worldwide. Ongoing credit evaluations of customers ’ financial condition are performed by Qualstar, and generally, collateral is not We are exposed to foreign currency and interest rate risks. Our interest income is sensitive to changes in the general level of U.S. interest rates, particularly since all of our investments are in US fixed income securities. We have no may Our financial results could be affected by changes in foreign currency exchange rates or weak economic conditions in foreign markets. As all sales are currently made in U.S. dollars, a strengthening of the dollar could make our products less competitive in foreign markets. Sales outside North America represented approximately 37.7% twelve December 31, 2017 46.1% twelve December 31, 2016. Revenues from Qualstar ’s largest customer totaled approximately 13.2% 10.6% twelve December 31, 2017 2016, December 31, 2017, 9.3% December 31, 2016, 22.3% |
Suppliers, Policy [Policy Text Block] | Suppliers The primary suppliers of our power supplies segment, N2Power, at all, our power supply or data storage business could be adversely affected. Though we have many years of favorable experience with these suppliers, there can be no not |
Receivables, Policy [Policy Text Block] | Allowance for Doubtful Accounts The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence. Activity in the allowance for doubtful accounts was as follows (in thousands): Description Balance at Beginning of Period Charged to Costs and Expenses Charged to Other Accounts Deductions (1) Balance at End of Period Twelve mont hs ended December 31, 2017 $ 61 $ 3 $ — $ (10 ) $ 54 Twelve m onths ended December 31, 2016 $ 99 $ (38 ) $ — $ — $ 61 ( 1 Uncol lectible accounts written off, net of recoveries. |
Inventory, Policy [Policy Text Block] | Inventories , net Inventories are stated at the lower of cost or net realizable value. Cost includes materials, labor, and manufacturing overhead related to the purchase and production of inventories. We regularly review inventory quantities on hand, future purchase commitments with our suppliers, and the estimated utility of our inventory. If our review indicates a reduction in utility below carrying value, we reduce our inventory to a new cost basis. |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment , net Property and equipment are recorded at cost less accumulated depreciation and amortization. Depreciation expense is computed using the straight-line method. Leasehold improvements are amortized over the shorter of the estimated useful life of the asset or the term of the lease. Estimated useful lives are as follows: Machinery and equipment (in years) 5 - 7 Furniture and fixtures (in years) 5 - 7 Leasehold Improvements (in years) 3 - 5 Computer equipment (in years) 3 - 5 Expenditures for normal maintenance and repair s are charged to expense as incurred, and improvements are capitalized. Upon the sale or retirement of property or equipment, the asset cost and related accumulated depreciation are removed from the respective accounts and any gain or loss is included in the results of operations. |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Long-Lived Assets Qualstar reviews the impairment of long-lived assets whenever events or changes in circumstances indicate the carrying amount of any asset may not e . An impairment loss would be recognized when the estimated undiscounted future cash flows expected to result from the use of the asset and its eventual disposition is less than the carrying amount. If impairment is indicated, the amount of the loss to be recorded is based upon an estimate of the difference between the carrying amount and the fair value of the asset. Fair value is based upon discounted cash flows expected to result from the use of the asset and its eventual disposition and other valuation methods. No |
Shipping and Handling Cost, Policy [Policy Text Block] | Shipping and Handling Costs Qualstar records all customer charges for outbound shipping and handling to freight revenue. All inbound and outbound shipping and fulfillment costs are classified as costs of goods sold. |
Standard Product Warranty, Policy [Policy Text Block] | Warranty Obligations We provide a three -year advance replacement warranty on all XLS and RLS models that includes replacement of components, or if necessary, complete libraries. XLS libraries sold in North America also include one may may three -year warranty. We provide a three -year warranty on all power supplies that includes repair or if necessary, replacement of the power supply. A provision for costs related to warranty expense is recorded when revenue is recognized, which is estimated based on historical warranty costs incurred. Customers may Activity in the liability for product warranty (included in other accrued liabilities) for the periods presented is as follows (in thousands): December 31, 201 7 201 6 Beginning balance $ 236 $ 187 Cost of warranty claims (37 ) (157 ) Accruals for product warranties 123 206 Ending balance $ 322 $ 236 |
Research, Development, and Computer Software, Policy [Policy Text Block] | Engineering All engineering costs are charged to expense as incurred. These costs consist primarily of engineering salaries, benefits, outside consultant fees, purchased parts and supplies directly involved in the design and development of new products, and facilities and other internal costs. |
Advertising Costs, Policy [Policy Text Block] | Advertising Advertising and promotion expenses include costs associated with direct and indirect marketing, trade shows and public relations. Qualstar expenses all costs of advertising and promotion as incurred. Advertising and promotion expenses for the years ended December 31, 2017 2016 $49,000 $73,000, |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value Measurements We determine fair value measurements based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, we follow the following fair value hierarchy that distinguishes between ( 1 2 Level 1: Level 2: Level 3: no Our assessment of the significance of a particular input to the fair value measurement requires judgment and may The following table presents our cash and cash equivalents and restricted cash measured at fair value on a recurring basis at December 31, 2017 2016 December 31, 2017 Adjusted Cost Unrealized Gains Unrealized Losses Fair Value Cash & Cash Equivalents Level 1: Cash $ 4,698 $ - $ - $ 4,698 $ 4,698 Restricted Cash 100 - - 100 100 Total $ 4,798 $ - $ - $ 4,798 $ 4,798 December 31, 2016 Adjusted Cost Unrealized Gains Unrealized Losses Fair Value Cash & Cash Equivalents Level 1: Cash $ 3,691 $ - $ - $ 3,691 $ 3,691 Restricted Cash 100 - - 100 100 Total $ 3,791 $ - $ - $ 3,791 $ 3,791 |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Share-Based Compensation Share-based compensation cost is measured at the grant date based on fair value of the award and is recognized as expense over the applicable vesting period (vesting can be immediate or over a period of four ne method. |
Income Tax, Policy [Policy Text Block] | Inco me Taxes Income taxes are accounted for using the liability method. Under this method, deferred tax liabilities and assets are recognized for the expected future tax consequences of temporary differences between the financial statement and tax bases of assets and liabilities, and for the expected future tax benefit to be derived from tax credits and loss carry forwards. Current income tax expense or benefit represents the amount of income taxes expected to be payable or refundable for the current year. A valuation allowance is established when, in the opinion of management, it is more likely than not not |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Income ( Loss ) Comprehensive income ( loss) includes unrealized gains and losses on debt and equity securities classified as available-for-sale and included as a component of shareholders’ equity. |
Earnings Per Share, Policy [Policy Text Block] | Earnings per Share Basic net earnings per share has been computed by dividing net income or loss by the weighted average number of common shares outstanding during the period . Diluted net income per share is computed by dividing net income by the weighted average number of diluted common shares, which is inclusive of common stock equivalents from unexercised stock options. Unexercised stock options are considered to be common stock equivalents if, using the treasury stock method, they are determined to be dilutive. Shares issuable under stock options of 188,033 23,333 December 31, 2017 2016 |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Guidance Recent accounting guidance not In May 2014, No. 2014 09, Revenue from Contracts with Customers (Topic 606 2014 09 No. 2015 14, 2016 08, No. 2016 10, No. 2016 12, 2014 09 may December 15, 2017. January 1, 2018, 2014 09 not In February 2016, 2016 02 December 15, 2018. may In August 2016, 2016 15 r December 15, 2017 not In October 2016, 2016 16 This standard is effective for fiscal years beginning after December 15, 2017 not In January 2017, 2017 01 ears beginning after December 15, 2017 not In May 2017, 2017 09 the guidance for stock compensation, to a change to the terms or conditions of a share-based payment award. This standard is effective for fiscal years beginning after December 15, 2017 not Recent accounting guidance adopted In July 2015, 2015 11 January 1, 2017, 2015 11 not |
Note 1 - Significant Accounti23
Note 1 - Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Summary of Valuation Allowance [Table Text Block] | Description Balance at Beginning of Period Charged to Costs and Expenses Charged to Other Accounts Deductions (1) Balance at End of Period Twelve mont hs ended December 31, 2017 $ 61 $ 3 $ — $ (10 ) $ 54 Twelve m onths ended December 31, 2016 $ 99 $ (38 ) $ — $ — $ 61 |
Estimated Lives of Property, Plant and Equipment [Table Text Block] | Machinery and equipment (in years) 5 - 7 Furniture and fixtures (in years) 5 - 7 Leasehold Improvements (in years) 3 - 5 Computer equipment (in years) 3 - 5 |
Schedule of Product Warranty Liability [Table Text Block] | December 31, 201 7 201 6 Beginning balance $ 236 $ 187 Cost of warranty claims (37 ) (157 ) Accruals for product warranties 123 206 Ending balance $ 322 $ 236 |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | December 31, 2017 Adjusted Cost Unrealized Gains Unrealized Losses Fair Value Cash & Cash Equivalents Level 1: Cash $ 4,698 $ - $ - $ 4,698 $ 4,698 Restricted Cash 100 - - 100 100 Total $ 4,798 $ - $ - $ 4,798 $ 4,798 December 31, 2016 Adjusted Cost Unrealized Gains Unrealized Losses Fair Value Cash & Cash Equivalents Level 1: Cash $ 3,691 $ - $ - $ 3,691 $ 3,691 Restricted Cash 100 - - 100 100 Total $ 3,791 $ - $ - $ 3,791 $ 3,791 |
Note 2 - Inventories, Net (Tabl
Note 2 - Inventories, Net (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | December 31 , 201 7 December 31, 201 6 Raw materials $ 55 $ 45 Finished goods 1,509 1,315 Inventories, net $ 1,564 $ 1,360 |
Note 3 - Property and Equipme25
Note 3 - Property and Equipment, Net (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | December 31 , 201 7 December 31, 201 6 Leasehold improvements $ 114 $ 114 Furniture and fixtures 268 314 Machinery and equipment 842 1,039 Total property and equipment 1,224 1,467 Less accumulated depreciation and amortization (1,052 ) (1,181 ) Property and equipment, net $ 172 $ 286 |
Note 4 - Accrued Payroll and 26
Note 4 - Accrued Payroll and Related Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | December 31 , 201 7 December 31, 201 6 Accrued salaries and payroll taxes $ 59 $ 62 Accrued vacation 114 120 Accrued bonuses - 40 Total accrued payroll and related liabilities $ 173 $ 222 |
Note 5 - Other Accrued Liabil27
Note 5 - Other Accrued Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Other Accrued Liabilities [Table Text Block] | December 31 , 201 7 December 31, 201 6 Accrued warranty $ 322 $ 236 Accrued outside commissions 69 28 Accrued contingent legal fees - 25 Accrued deferred rent 29 37 Other accrued liabilities 34 33 Total other accrued liabilities $ 454 $ 359 |
Note 6 - Income Taxes (Tables)
Note 6 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | December 31 , 201 7 December 31, 201 6 Current: Federal (Net of a net operating loss benefit of $356) $ — $ — State (Net of a net operating loss benefit of $82) 13 — Foreign 4 — 17 — Deferred: Federal — — State — — $ — $ — $ 17 $ — |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Twelve Months Ended December 31, 201 7 201 6 Statutory federal income tax benefit 34.0 % (34.0 )% State income taxes, net of federal income tax benefit 13.6 8.7 Foreign income taxes, net of federal income tax benefit 6.4 (1.3 ) Engineering credits 3.4 (5.2 ) Tax effect of change in federal tax rate (from 34% to 21%) 649.5 Valuation allowance (712.0 ) 26.2 Other 7.8 5.6 Effective federal income tax rate 2.7 % 0.0 % |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | December 31 , 201 7 December 31, 201 6 Deferred tax assets: Net operating loss carry forwards $ 8,002 $ 12,295 Engineering credit carry forwards 1,919 1,830 Inventory reserves 646 1,015 Capital loss and other credit carry forwards 0 21 Allowance for bad debts and returns 17 45 Capitalized inventory costs, stock compensation and other accruals 500 596 Total gross deferred tax assets 11,084 15,802 Less valuation allowance on deferred tax assets (11,084 ) (15,765 ) Net deferred tax assets 0 37 Deferred tax liabilities: Depreciation and other — (37 ) Total deferred tax liabilities — (37 ) Net deferred taxes $ — $ — |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | December 31 , 201 7 December 31, 201 6 Beginning Balance $ 29 $ 27 Increases related to tax positions taken in current year — — Increases related to tax positions taken in prior year — 2 Decreases due to lapse of statute of limitations — — Related interest and penalties, net of federal tax benefit — — Balance at December 31 $ 29 $ 29 |
Note 8 - Stock Based Compensa29
Note 8 - Stock Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Options Shares Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding at December 31, 201 5 40,000 8.70 47.94 — Granted — — — — Exercised — — — — Forfeited, canceled or expired (16,667 ) 7.62 — — Outstanding at December 31, 201 6 23,333 9.49 6.43 — Granted 165,300 7.08 — — Exercised (600 ) 7.08 — — Forfeited, canceled or expired — — — — Outstanding at December 31, 2017 188,033 7.38 8.63 — Exercisable at December 31, 2017 188,033 $ 7.38 8.63 $ — |
Note 10 - Commitments (Tables)
Note 10 - Commitments (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Years Ending December 31, Minimum Lease Payment Sublease Revenue Net Minimum Lease Payment 201 8 $ 290 $ (147 ) $ 143 201 9 274 (147 ) 127 20 20 147 (12 ) 135 202 1 23 - 23 Total Commitment $ 734 $ (306 ) $ 428 |
Note 11 - Segment Information (
Note 11 - Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] | Twelve Months Ended December 31, 201 7 201 6 Revenue Power Supplies $ 6,297 $ 5,601 Data Storage: Product 2,427 1,949 Service 1,917 1,867 Total Data Storage 4,344 3,816 Total Revenue $ 10,641 $ 9,417 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] | Twelve Months Ended December 31, 201 7 201 6 Income (Loss) before Taxes Power Supplies $ 23 $ (545 ) Data Storage 617 (665 ) Total Income (Loss) before Income Taxes $ 640 $ (1,210 ) |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | December 31 , 201 7 December 31, 201 6 Total Assets Cash and Cash Equivalents $ 4,698 $ 3,691 Restricted cash 100 100 Other assets: Power Supplies Accounts receivable, net 831 1,158 Inventories, net 725 444 Other assets 72 74 1,628 1,676 Data Storage Accounts receivable, net 971 425 Inventories, net 839 916 Other assets 331 455 2,141 1,796 Total Assets $ 8,567 $ 7,263 December 31 , 201 7 December 31, 201 6 Property and Equipment Power Supplies: Gross fixed assets $ 215 $ 534 Less: accumulated depreciation and amortization (151 ) (500 ) Net power supply fixed assets $ 64 $ 34 Data Storage: Gross fixed assets $ 759 $ 933 Less: accumulated depreciation and amortization (651 ) (681 ) Net data storage fixed assets $ 108 $ 252 |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Twelve Months Ended December 31, 201 7 201 6 Total Revenue: North America $ 6,629 $ 5,077 Europe 1,910 1,955 Asia Pacific 1,878 2,293 Other 224 92 $ 10,641 $ 9,417 Power Supply Revenue: North America 3,787 2,157 Europe 1,262 1,474 Asia Pacific 1,248 1,970 Other — — $ 6,297 $ 5,601 Data Storage Revenue: North America 2,842 2,920 Europe 648 481 Asia Pacific 630 323 Other 224 92 $ 4,344 $ 3,816 |
Note 1 - Significant Accounti32
Note 1 - Significant Accounting Policies (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Number of Operating Segments | 2 | |
Product Return Period | 30 days | |
Deferred Revenue | $ 927,000 | $ 892,000 |
Deferred Profit | 0 | 0 |
Restricted Cash and Cash Equivalents, Current | 100,000 | 100,000 |
Impairment of Long-Lived Assets Held-for-use | $ 0 | 0 |
Advance Replacement Warranty Period | 3 years | |
Warranty, Onsite Service Period | 1 year | |
Power Supplies and Repair Warranty, Term | 3 years | |
Advertising Expense | $ 49,000 | $ 73,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | |
Employee Stock Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 188,033 | 23,333 |
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | Outside North America [Member] | ||
Concentration Risk, Percentage | 37.70% | 46.10% |
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Largest Customer [Member] | ||
Concentration Risk, Percentage | 13.20% | 10.60% |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Largest Customer [Member] | ||
Concentration Risk, Percentage | 9.30% | 22.30% |
Note 1 - Significant Accounti33
Note 1 - Significant Accounting Policies - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | ||
Balance at Beginning of Period | $ 61 | $ 99 | |
Charged to Costs and Expenses | 3 | (38) | |
Charged to Other Accounts | |||
Deductions | (10) | [1] | |
Balance at End of Period | $ 54 | $ 61 | |
[1] | Uncollectible accounts written off, net of recoveries. |
Note 1 - Significant Accounti34
Note 1 - Significant Accounting Policies - Estimated Useful Lives of Property and Equipment (Details) | 12 Months Ended |
Dec. 31, 2017 | |
Machinery and Equipment [Member] | Minimum [Member] | |
Property, plant and equipment, useful life (Year) | 5 years |
Machinery and Equipment [Member] | Maximum [Member] | |
Property, plant and equipment, useful life (Year) | 7 years |
Furniture and Fixtures [Member] | Minimum [Member] | |
Property, plant and equipment, useful life (Year) | 5 years |
Furniture and Fixtures [Member] | Maximum [Member] | |
Property, plant and equipment, useful life (Year) | 7 years |
Leasehold Improvements [Member] | Minimum [Member] | |
Property, plant and equipment, useful life (Year) | 3 years |
Leasehold Improvements [Member] | Maximum [Member] | |
Property, plant and equipment, useful life (Year) | 5 years |
Computer Equipment [Member] | Minimum [Member] | |
Property, plant and equipment, useful life (Year) | 3 years |
Computer Equipment [Member] | Maximum [Member] | |
Property, plant and equipment, useful life (Year) | 5 years |
Note 1 - Significant Accounti35
Note 1 - Significant Accounting Policies - Product Warranty Liability (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Beginning balance | $ 236 | $ 187 |
Cost of warranty claims | (37) | (157) |
Accruals for product warranties | 123 | 206 |
Ending balance | $ 322 | $ 236 |
Note 1 - Significant Accounti36
Note 1 - Significant Accounting Policies - Assets and Liabilities at Fair Value on a Recurring Basis (Details) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Restricted Cash | $ 100,000 | $ 100,000 | |
Total | 4,798,000 | 3,791,000 | $ 3,963,000 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | |||
Cash | 4,698,000 | 3,691,000 | |
Restricted Cash | 100,000 | 100,000 | |
Total | $ 4,798,000 | $ 3,791,000 |
Note 2 - Inventories, Net - Sum
Note 2 - Inventories, Net - Summary of Inventory (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Raw materials | $ 55 | $ 45 |
Finished goods | 1,509 | 1,315 |
Inventories, net | $ 1,564 | $ 1,360 |
Note 3 - Property and Equipme38
Note 3 - Property and Equipment, Net (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Depreciation | $ 154,000 | $ 182,000 |
Note 3 - Property and Equipme39
Note 3 - Property and Equipment, Net - Summary of Property and Equipment, Net (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Property and equipment, gross | $ 1,224 | $ 1,467 |
Less accumulated depreciation and amortization | (1,052) | (1,181) |
Property and equipment, net | 172 | 286 |
Leasehold Improvements [Member] | ||
Property and equipment, gross | 114 | 114 |
Furniture and Fixtures [Member] | ||
Property and equipment, gross | 268 | 314 |
Machinery and Equipment [Member] | ||
Property and equipment, gross | $ 842 | $ 1,039 |
Note 4 - Accrued Payroll and 40
Note 4 - Accrued Payroll and Related Liabilities - Components of Accrued Payroll and Related Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Accrued salaries and payroll taxes | $ 59 | $ 62 |
Accrued vacation | 114 | 120 |
Accrued bonuses | 40 | |
Total accrued payroll and related liabilities | $ 173 | $ 222 |
Note 5 - Other Accrued Liabil41
Note 5 - Other Accrued Liabilities - Summary of Other Accrued Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Accrued warranty | $ 322 | $ 236 |
Accrued deferred rent | 29 | 37 |
Other accrued liabilities | 454 | 359 |
Accrued Service Contracts [Member] | ||
Accrued professional fees | 69 | 28 |
Accrued Contingent Legal Fees [Member] | ||
Accrued professional fees | 25 | |
Other Accrued Liabilities [Member] | ||
Other accrued liabilities | $ 34 | $ 33 |
Note 6 - Income Taxes (Details
Note 6 - Income Taxes (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 34.00% | (34.00%) | |
Alternative Minimum Tax | $ 13,000 | ||
Tax Credit Carryforward, Amount | 2,700,000 | $ 2,700,000 | |
Unrecognized Tax Benefits, Period Increase (Decrease) | (527,000) | ||
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | |||
Operating Loss Carryforwards | 31,700,000 | 32,600,000 | |
State and Local Jurisdiction [Member] | |||
Operating Loss Carryforwards | $ 20,600,000 | 21,900,000 | |
Foreign Tax Authority [Member] | |||
Operating Loss Carryforwards | $ 200,000 | ||
Scenario, Forecast [Member] | |||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% |
Note 6 - Income Taxes - Provisi
Note 6 - Income Taxes - Provision for (Benefit from) Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Current: | ||
Federal (Net of a net operating loss benefit of $356) | ||
State (Net of a net operating loss benefit of $82) | 13 | |
Foreign | 4 | |
17 | ||
Deferred: | ||
Federal | ||
State | ||
$ 17 |
Note 6 - Income Taxes - Provi44
Note 6 - Income Taxes - Provision for (Benefit from) Income Taxes (Details) (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net operating loss benefit | $ 356 | |
State and Local Jurisdiction [Member] | ||
Net operating loss benefit | $ 82 |
Note 6 - Income Taxes - Reconci
Note 6 - Income Taxes - Reconciliation of the Statutory Federal Income Tax Rate to Qualstar's Effective Rate (Details) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Federal tax rate | 34.00% | (34.00%) |
State income taxes, net of federal income tax benefit | 13.60% | 8.70% |
Foreign income taxes, net of federal income tax benefit | 6.40% | (1.30%) |
Engineering credits | 3.40% | (5.20%) |
Tax effect of change in federal tax rate (from 34% to 21%) | 649.50% | |
Valuation allowance | (712.00%) | 26.20% |
Other | 7.80% | 5.60% |
Effective federal income tax rate | 2.70% | 0.00% |
Note 6 - Income Taxes - Recon46
Note 6 - Income Taxes - Reconciliation of the Statutory Federal Income Tax Rate to Qualstar's Effective Rate (Details) (Parentheticals) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Federal tax rate | 34.00% | (34.00%) | |
Scenario, Forecast [Member] | |||
Federal tax rate | 21.00% |
Note 6 - Income Taxes - Deferre
Note 6 - Income Taxes - Deferred Income Tax Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Deferred tax assets: | ||
Net operating loss carry forwards | $ 8,002 | $ 12,295 |
Engineering credit carry forwards | 1,919 | 1,830 |
Inventory reserves | 646 | 1,015 |
Capital loss and other credit carry forwards | 0 | 21 |
Allowance for bad debts and returns | 17 | 45 |
Capitalized inventory costs, stock compensation and other accruals | 500 | 596 |
Total gross deferred tax assets | 11,084 | 15,802 |
Less valuation allowance on deferred tax assets | (11,084) | (15,765) |
Net deferred tax assets | 0 | 37 |
Deferred tax liabilities: | ||
Depreciation and other | (37) | |
Total deferred tax liabilities | (37) | |
Net deferred taxes |
Note 6 - Income Taxes - Uncerta
Note 6 - Income Taxes - Uncertain Tax Positions (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Beginning Balance | $ 29 | $ 27 |
Increases related to tax positions taken in current year | ||
Increases related to tax positions taken in prior year | 2 | |
Decreases due to lapse of statute of limitations | ||
Related interest and penalties, net of federal tax benefit | ||
Ending Balance | $ 29 | $ 29 |
Note 7 - Preferred Stock (Detai
Note 7 - Preferred Stock (Details Textual) - shares | Dec. 31, 2017 | Dec. 31, 2016 |
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Note 8 - Stock Based Compensa50
Note 8 - Stock Based Compensation (Details Textual) | Jun. 14, 2016 | Dec. 31, 2017USD ($)shares | Dec. 31, 2016USD ($)shares | Dec. 31, 2015shares |
Allocated Share-based Compensation Expense | $ | $ 413,000 | $ 2,000 | ||
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | $ | $ 0 | $ 0 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 188,033 | 23,333 | 40,000 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ | $ 0 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value | $ | $ 413,000 | $ 2,000 | ||
Reverse Stock Split [Member] | ||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 6 | |||
Plan 1998 [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 0 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 3,333 | |||
Plan 2008 [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 0 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 20,000 | |||
Plan 2017 [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 200,000 |
Note 8 - Stock Based Compensa51
Note 8 - Stock Based Compensation - Stock Option Activity (Details) - $ / shares | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2017 | |
Outstanding, shares (in shares) | 23,333 | 40,000 | ||
Weighted-average exercise price per share, outstanding (in dollars per share) | $ 9.49 | $ 8.70 | ||
Weighted-average remaining contractual term, outstanding (Year) | 8 years 229 days | 6 years 156 days | 47 years 343 days | |
Granted, shares (in shares) | 165,300 | |||
Weighted-average exercise price per share, granted (in dollars per share) | $ 7.08 | |||
Exercised, shares (in shares) | (600) | |||
Weighted-average exercise price per share, exercised (in dollars per share) | $ 7.08 | |||
Forfeited, canceled or expired, shares (in shares) | (16,667) | |||
Weighted-average exercise price per share, forfeited or expired (in dollars per share) | $ 7.62 | |||
Outstanding, shares (in shares) | 23,333 | 40,000 | 40,000 | 188,033 |
Weighted-average exercise price per share, outstanding (in dollars per share) | $ 9.49 | $ 8.70 | $ 8.70 | $ 7.38 |
Exercisable, shares (in shares) | 188,033 | |||
Weighted-average exercise price per share, exercisable (in dollars per share) | $ 7.38 | |||
Weighted-average remaining contractual term, exercisable (Year) | 8 years 229 days |
Note 9 - Stockholders' Equity (
Note 9 - Stockholders' Equity (Details Textual) | Jun. 14, 2016shares | Dec. 31, 2017shares | Dec. 31, 2016shares | Nov. 11, 2016USD ($) | Jun. 13, 2016shares |
Common Stock, Shares, Outstanding | 2,042,020 | 2,042,019 | 2,042,019 | 12,253,117 | |
Common Stock, Shares Authorized | 50,000,000 | 50,000,000 | |||
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 | |||
Stock Repurchase Program [Member] | |||||
Stock Repurchase Program, Authorized Amount | $ | $ 750,000 | ||||
Stock Repurchased During Period, Shares | 0 | ||||
Reverse Stock Split [Member] | |||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 6 |
Note 10 - Commitments (Details
Note 10 - Commitments (Details Textual) | May 01, 2016USD ($)ft² | Apr. 01, 2016USD ($)ft² | Mar. 21, 2016USD ($) | Dec. 15, 2014USD ($)ft² | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) |
Operating Leases, Rent Expense, Net | $ 145,000 | $ 184,000 | ||||
Simi Valley California [Member] | ||||||
Area of Real Estate Property | ft² | 15,160 | |||||
Lessee, Operating Lease, Term of Contract | 3 years | |||||
Lessee, Operating Lease, Renewal Term | 3 years | |||||
Operating Lease Monthly Rent | $ 11,000 | |||||
Monthly Rent Step-up Percentage | 3.00% | |||||
Westlake Village, California [Member] | ||||||
Area of Real Estate Property | ft² | 5,400 | |||||
Operating Lease Monthly Rent | $ 11,000 | |||||
Monthly Rent Step-up Percentage | 3.00% | |||||
Operating Leases, Monthly Sublease Rent | $ 12,000 | |||||
Operating Leases, Sublease, Monthly Rent Step-up Percentage | 3.00% | |||||
Singapore [Member] | ||||||
Area of Real Estate Property | ft² | 1,359 | |||||
Lessee, Operating Lease, Term of Contract | 2 years | |||||
Operating Lease Monthly Rent | $ 2,500 |
Note 10 - Commitments - Future
Note 10 - Commitments - Future Minimum Lease Payments (Details) $ in Thousands | Dec. 31, 2017USD ($) |
2018, Minimum Lease Payment | $ 290 |
2018, Sublease Revenue | (147) |
2018, Net Minimum Lease Payment | 143 |
2019, Minimum Lease Payment | 274 |
2019, Sublease Revenue | (147) |
2019, Net Minimum Lease Payment | 127 |
2020, Minimum Lease Payment | 147 |
2020, Sublease Revenue | (12) |
2020, Net Minimum Lease Payment | 135 |
2021, Minimum Lease Payment | 23 |
2021, Sublease Revenue | |
2021, Net Minimum Lease Payment | 23 |
Total Commitment, Minimum Lease Payment | 734 |
Total Commitment, Sublease Revenue | (306) |
Total Commitment, Net Minimum Lease Payment | $ 428 |
Note 11 - Segment Information55
Note 11 - Segment Information (Details Textual) | 12 Months Ended |
Dec. 31, 2017 | |
Number of Operating Segments | 2 |
Note 11 - Segment Information -
Note 11 - Segment Information - Segment Revenue (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Revenue | $ 10,641 | $ 9,417 |
Power Supplies [Member] | ||
Revenue | 6,297 | 5,601 |
Data Storage [Member] | ||
Revenue | 4,344 | 3,816 |
Data Storage [Member] | Product [Member] | ||
Revenue | 2,427 | 1,949 |
Data Storage [Member] | Service [Member] | ||
Revenue | $ 1,917 | $ 1,867 |
Note 11 - Segment Information57
Note 11 - Segment Information - Segment Income (Loss) Before Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Income (loss) before taxes | $ 657 | $ (1,210) |
Power Supplies [Member] | ||
Income (loss) before taxes | 23 | (545) |
Data Storage [Member] | ||
Income (loss) before taxes | $ 617 | $ (665) |
Note 11 - Segment Information58
Note 11 - Segment Information - Segment Total Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Cash and Cash Equivalents | $ 4,698 | $ 3,691 |
Restricted cash | 100 | 100 |
Accounts receivable, net | 1,802 | 1,583 |
Inventories, net | 1,564 | 1,360 |
Other assets | 68 | 77 |
Total Assets | 8,567 | 7,263 |
Power Supplies [Member] | ||
Accounts receivable, net | 831 | 1,158 |
Inventories, net | 725 | 444 |
Other assets | 72 | 74 |
Total Assets | 1,628 | 1,676 |
Gross fixed assets | 215 | 534 |
Less: accumulated depreciation and amortization | (151) | (500) |
Net power supply fixed assets | 64 | 34 |
Data Storage [Member] | ||
Accounts receivable, net | 971 | 425 |
Inventories, net | 839 | 916 |
Other assets | 331 | 455 |
Total Assets | 2,141 | 1,796 |
Gross fixed assets | 759 | 933 |
Less: accumulated depreciation and amortization | (651) | (681) |
Net power supply fixed assets | $ 108 | $ 252 |
Note 11 - Segment Information59
Note 11 - Segment Information - Revenue by Primary Geographic Operating Region (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Revenue | $ 10,641 | $ 9,417 |
Power Supplies [Member] | ||
Revenue | 6,297 | 5,601 |
Data Storage [Member] | ||
Revenue | 4,344 | 3,816 |
North America [Member] | ||
Revenue | 6,629 | 5,077 |
North America [Member] | Power Supplies [Member] | ||
Revenue | 3,787 | 2,157 |
North America [Member] | Data Storage [Member] | ||
Revenue | 2,842 | 2,920 |
Europe [Member] | ||
Revenue | 1,910 | 1,955 |
Europe [Member] | Power Supplies [Member] | ||
Revenue | 1,262 | 1,474 |
Europe [Member] | Data Storage [Member] | ||
Revenue | 648 | 481 |
Asia Pacific [Member] | ||
Revenue | 1,878 | 2,293 |
Asia Pacific [Member] | Power Supplies [Member] | ||
Revenue | 1,248 | 1,970 |
Asia Pacific [Member] | Data Storage [Member] | ||
Revenue | 630 | 323 |
Other Geographic Areas [Member] | ||
Revenue | 224 | 92 |
Other Geographic Areas [Member] | Power Supplies [Member] | ||
Revenue | ||
Other Geographic Areas [Member] | Data Storage [Member] | ||
Revenue | $ 224 | $ 92 |
Note 12 - Legal Proceedings (De
Note 12 - Legal Proceedings (Details Textual) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Loss Contingency, Accrual, Current | $ 0 | $ 25,000 |
Note 13 - Benefit Plans (Detail
Note 13 - Benefit Plans (Details Textual) | 12 Months Ended |
Dec. 31, 2017 | |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 100.00% |
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 25.00% |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 6.00% |
Note 14 - Related Party Trans62
Note 14 - Related Party Transactions (Details Textual) - Interlink Electronics, Inc. [Member] - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Due from Related Parties | $ 2,000 | $ 1,000 |
Due to Related Parties | 17,000 | 2,000 |
Administrative Services Provided to Related Party [Member] | ||
Related Party Transaction, Amounts of Transaction | 13,000 | 33,000 |
Reimbursement of Expenses Paid by Company [Member] | ||
Related Party Transaction, Amounts of Transaction | $ 28,000 | $ 13,000 |