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Related Party Transactions

12 Months Ended

Dec. 31, 2015

10.

Related Party Transactions

The Company incurred legal fees and disbursements of approximately $99,000 and $129,000 in 2015 and 2014, respectively, for services provided by a law firm that is owned by a member of the Company’s Board of Directors.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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