6. Related Party Transactions

 

The Company had an agreement with a company owned by a board member under which it originally paid $10 thousand a month for public relations services, which was renegotiated to $5 thousand a month starting August 2016 and was terminated in December 2016. Under this agreement, the Company incurred no charges for the three months ended March 31, 2017 and $30 thousand for the three months ended March 31, 2016.

 

Effective July 1, 2016, the Company entered into a one year auto-renewing agreement with a company owned by an employee under which it receives a flat fee of $5 thousand a month for content and marketing services. Under this agreement, the Company earned $15 thousand in revenue for the three months ended March 31, 2017.