7. 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 and nine months ended September 30, 2017 and $21 thousand and $83 thousand for the three and nine months ended September 30, 2016.  

 

Effective July 1, 2016, the Company entered into an 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. This agreement expired on April 30, 2017. Under this agreement, the Company earned $20 thousand and $15 thousand in revenue for the nine months ended September 30, 2017 and 2016, respectively.