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Note 11 - Related Party
12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
(
1
1
)
Related Party
 
One of our directors also served as an officer and director of Ameritas Life Insurance Corp. (“Ameritas”) as of
December 31, 2019.
In connection with our regular assessment of our insurance-based associate benefits, which is conducted by an independent insurance broker, and the costs associated therewith, we purchase dental and vision insurance for certain of our associates from Ameritas. The total value of these purchases was
$242,000,
$200,000
and
$248,000
in
2019,
2018
and
2017
respectively.
 
Mr. Hays, our Chief Executive Officer and director, is an owner of
14%
of the equity interest of Nebraska Global Investment Company LLC (“Nebraska Global”).  We, directly or indirectly through our former subsidiary Customer-Connect LLC, purchased certain services from Nebraska Global, primarily consisting of software development services.  The total value of these purchases were
$12,500
in
2017.
 
Mr. Hays personally incurred approximately
$538,000
of fees and expenses in connection with exploring our strategic alternatives, including the Recapitalization (see Note
2
), for which we reimbursed Mr. Hays in
2017.
These fees and expenses were attributable to the evaluation of alternatives and the sourcing and negotiating of financing for the alternatives, all of which we would have directly borne if they had
not
been advanced by Mr. Hays.
 
During
2017,
we acquired a cost method investment in convertible preferred stock of PX (see Note
4
). Also in
2017,
we paid
$250,000
to acquire certain perpetual content licenses from PX for content we include in certain of our subscription services. We also have an agreement with PX which commenced in
2016
under which we act as a reseller of PX services and receive a portion of the revenues. The total revenue earned from the PX reseller agreement in the years ended
December 31, 2019,
2018
and
2017
was
$578,000,
$439,000
and
$633,000,
respectively. We will
no
longer earn revenue under this agreement after
December 31, 2020.