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Note M - Certain Relationships and Related Party Transactions
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
Note M — Certain Relationships and Related Party Transactions
 
Since
2016
until
October 2020,
we conducted business with Wipro, whereby Wipro provided us with a variety of technology-related services.  We have since terminated all service agreements with Wipro.
 
 
Effective
January 30, 2018,
Wipro became a related party when it purchased
9,926
shares of our Series A Preferred Stock (which are convertible at Wipro's option into
1,001,614
shares, or
16%
of our Common Stock), for aggregate consideration of
$9.9
million. For information pertaining to the Company's preferred stock, See Note E,
Convertible Preferred Stock
.
 
During the years ended
December 31, 2020,
we recorded
no
revenue from services we provided to Wipro.  During the year ended
December 31, 2019,
we recorded an immaterial amount of revenue for services we provided to Wipro.
 
During the year ended
December 31, 2020,
we recorded immaterial amount of expenses for technology-related services Wipro provided to us.  During the year ended
December 31, 2019,
we recorded
$11.7
million of expense in technology-related services and lease expense for a facility Wipro provided to us.
 
As of
December 31, 2020,
we had
no
trade payable due to Wipro. As of
December 31, 2019,
we had a trade payable due to Wipro of
$1.5
 million.  As of
December 31, 2020
and
2019
, we had
no
 trade receivables due from Wipro.
 
As described in Note F,
Long-Term Debt
, the Company's Texas Capital Credit Facility is secured by HHS Guaranty, LLC, an entity formed to provide credit support for the Company by certain members of the Shelton family (descendants of
one
of our founders). Pursuant to the Amended and Restated Fee, Reimbursement and Indemnity Agreement, dated
January 9, 2018,
between HHS Guaranty, LLC and the Company, HHS Guaranty, LLC has the right to appoint
one
representative director to the Board and is paid a fee to provide the guarantee. Currently, David L. Copeland serves as the HHS Guaranty, LLC representative on the Board.