11. Related Party Transactions

In August 2013 the Company entered into a two-year Management Services Agreement with 2012 DOOH Investments, LLC (the "Consultant"), an entity 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 is amortized over the term of the agreement. The amortized expense charged to operations for the three months and six months ended June 30, 2015 were $120,000 and $240,000, respectively. The amortized expense for the three months and six months ended June 30, 2014 were $120,000 and $240,000, respectively. The unamortized value of the common stock was $40,000 and $280,000 at June 30, 2015 and December 31, 2014, respectively and is included in other current assets. Under the Agreement, the Consultant also receives an annual services fee of $50,000 which terminates in July 2015.

The Company also has an agreement with a company owned by a board member under which it pays $10,300 a month for public relations services. Under this agreement the Company has incurred charges for the three months and six months ended June 30, 2015 of $30,900 and $61,800, respectively.