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Related Party Transactions
12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
Related Party Transactions

Note 8 – Related Party Transactions

 

On March 28, 2016, the Company’s current Chief Executive Officer and his wife, together with two of the Company’s independent directors, as lenders, and the Company and Drake, as borrowers, entered into the Subordinated Loan Agreement pursuant to which they agreed to provide the Company with the Subordinated Loan Facility in an amount up to $750, all as more fully described in Note 5, above.

 

A director and shareholder of the Company is a partner of a law firm that serves as outside legal counsel for the Company. During the years ended December 31, 2017 and 2016, this law firm billed the Company approximately $358 and $532, respectively for legal services provided by this firm. Included in accounts payable on the accompanying balance sheets at December 31, 2017 and 2016, is approximately $25 and $40, respectively, owed to this law firm.