Note 9 – Related Party Transactions

Debt with Street Capital

As of September 30, 2017, the Company’s loan from Street Capital continues to be classified as related party debt because Allan Silber, an affiliate of Street Capital, is the Company’s chairman of the board and a significant shareholder of the Company. At September 30, 2017 and December 31, 2016, the Company reported amounts owed to Street Capital of $0.5 million and $1.0 million respectively, as related party debt (see Note 6). Total interest of $0.5 million has been accrued on the debt and remains unpaid through September 30, 2017.

Transactions with Other Related Parties

As part of the operations of NLEX, the Company leases office space in Edwardsville, IL that is owned by the President of NLEX, David Ludwig. The total amount paid to the related party is outlined in the table below. All of the payments in both 2017 and 2016 were made to David Ludwig.

The lease amounts paid by the Company to the related parties, which are included in selling, general and administrative expenses during the three and nine months ended September 30, 2017 and 2016, are detailed below (in thousands):

	Three Months Ended September 30,
Leased premises location	2017		2016
Foster City, CA	$	—	$	—
Edwardsville, IL		25		25
Total	$	25	$	25

	Nine Months Ended September 30,
Leased premises location	2017		2016
Foster City, CA	$	—	$	76
Edwardsville, IL		75		74
Total	$	75	$	150

In 2016 the Company entered into a secured related party loan agreement with certain executive officers of the Company which is more fully described in Note 6. Both Ross Dove and Kirk Dove, who were parties to the related party loan, shared equally in all payments made by the Company to satisfy obligations under the loan agreement. During the nine months ended September 30, 2017 there were no transactions under this agreement.

During the nine months ended September 30, 2017 the Company paid David Ludwig $0.9 million for his third earn-out provision payment.