Note 11 - Related Party Transactions

9 Months Ended

Sep. 30, 2016

11.	Related Party Transactions

The Company uses a law firm whose majority member is also a member of the Company’s Board of Directors. For the three months ended September 30, 2016 and 2015, the Company expensed $95,000 and $60,000, respectively, for legal services from this related party. For the nine months ended September 30, 2016 and 2015, the Company expensed $145,000 and $224,000, respectively, for legal services from this related party. As of September 30, 2016 and December 31, 2015, the Company’s outstanding balance to this related party was $275,000 and $280,000, respectively.