XML 70 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
RELATED PARTIES
6 Months Ended
Apr. 30, 2013
Related Parties [Abstract]  
Related Party Transactions Disclosure [Text Block]

16. RELATED PARTIES

 

The Company currently has an agreement with Morris Sutton, the Company’s former Chief Executive Officer and father of the Company’s Chief Executive Officer, under which he provides services as a consultant. The agreement provides for a monthly retainer of $13. Under this arrangement, fees totaled $38 and $75 in the three and six months ended April 30, 2013, respectively, and $38 and $75 in the three and six months ended April 30, 2012, respectively.

 

The Company purchases a portion of its Zumba belt accessories from a second supplier, on terms equivalent to those of its primary supplier. Morris Sutton and another relative of Jesse Sutton, the Company’s Chief Executive Officer, earned compensation from the supplier of approximately $49 and $59 in the three and six months ended April 30, 2013, respectively, and $0 and $446 in the three and six months ended April 30, 2012, respectively, based on the value of the Company’s purchases.

 

The Company also has an agreement with a member of its board of directors to provide specified strategic consulting services, in addition to his services as a board member, on a month-to-month basis at a monthly rate of $10. Under this arrangement, fees totaled $30 and $60 in the three and six months ended April 30, 2013, respectively, and $30 and $60 in the three and six months ended April 30, 2012, respectively.