17. Related Party Transactions

In August 2013 the Company entered into a two-year Management Services Agreement with 2012 DOOH Investments, LLC (the "Consultant") managed by Mr. Donald R. Wilson, a major stockholder. Under the agreement, the Consultant provides management consulting services to the Company and its subsidiaries with respect to financing, acquisitions, sourcing, diligence, and strategic planning.

In consideration for its services, the Consultant received a one-time payment of 120,000 shares of the common stock of the Company which had a market value of $960,000 when issued in August 2013. The value of the common stock will be amortized over the term of the agreement and $175,250 has been charged to operations for the period April 20 through December 31, 2013. The unamortized value of the common stock was $784,750 at December 31, 2013. Of this amount, $480,000 is included in other current assets and $304,750 is included in other assets.

Under the Agreement, the Consultant also receives an annual services fee of $50,000.  

The Company has also signed an agreement with a company owned by a board member. Under the agreement, the Company pays $15,000 a month for public relations services. Payments under the agreement for the period April 20 through December 31, 2013 totaled $135,000.