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 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 nine months ended September 30, 2015 was $80 and $320, respectively. The amortized expense for the three months and nine months ended September 30, 2014 was $120 and $385, respectively. There was no unamortized value of the common stock at September 30, 2015.  The unamortized value of the common stock was $320 at December 31, 2014 and was included in other current assets. Under the Agreement, the Consultant also receives an annual services fee of $50, which terminated in July 2015. 

The Company also has an agreement with a company owned by a board member under which it pays $10 a month for public relations services. Under this agreement the Company has incurred charges for the three months and nine months ended September 30 of $32 and $94, respectively, for both, 2015 and 2014.