Related Party Transactions

6 Months Ended

Jun. 30, 2012

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

The Company provides cloud-managed video services (the “Video Services”) to a company in which one of our directors is an officer. Management believes that such transactions contain terms that would have been obtained from unaffiliated third parties. Related party Video Services revenue for the six months ended June 30, 2012 and 2011 were $125,000 and $161,000, respectively, and for the three months ended June 30, 2012 and 2011 were $59,000 and $81,000, respectively. The accounts receivable for this company was $31,000 as of June 30, 2012.

One of our directors currently provides general corporate strategy and management consulting services to the Company under a Consulting Agreement entered into as of September 1, 2010 (the “Consulting Agreement”). The Company pays this individual director $12,500 per month, plus any pre-authorized expenses incurred in providing services, under the Consulting Agreement. The term of the engagement is month-to-month.

In addition, the Company receives financial advisory services from a firm in which one of the principals is a shareholder of Glowpoint. Management believes that such transactions contain terms that would have been obtained from unaffiliated third parties. Related party financial advisory fees for the six months ended June 30, 2012 and 2011 were $72,000 and $72,000, respectively and for the three months ended June 30, 2012 and 2011 were $36,000 and $36,000, respectively. As of June 30, 2012, there was no accounts payable for this firm.