NOTE 19. RELATED PARTY TRANSACTIONS

In September 2011, the Company acquired all of the outstanding equity of InCon in a cash transaction pursuant to the terms of an equity purchase agreement. The equity of InCon was indirectly held by four individuals (the “Sellers”), two of whom continue to be employed by InCon and share in the management of InCon’s business. During the year ended December 31, 2012, the Company received a payment from the Sellers of $0.2 million to account for a final working capital adjustment in conjunction with the acquisition.

The Sellers own and operate privately held businesses with which InCon continues to provide toll distillation services and pilot plant runs, primarily InCon Process Systems and InCon Industries. From the acquisition date on September 9, 2011 through December 31, 2011, InCon recorded revenue of $0.2 million from these related parties. During the years ended December 31, 2013 and 2012, InCon recorded revenue from these related parties of approximately $0.5 million and $0.3 million, respectively. Purchases from these same related parties were approximately $82,500 and $2,500 for the years ending December 31, 2013 and 2012.