Note 6 - Related-party Transactions

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

6. Related-Party Transactions

The Company had a

$25.5

million note payable to a limited liability company controlled by certain officers of the Company as of

December 

31,

2017.

The Company repaid the note in the amount of

$26.6

million which included paid in kind interest of

$8.6

million as of the payoff date.

The Company leased a terminal facility from entities owned by the

two

principal stockholders of New Mountain Lake and their respective family trusts. The lease agreement was set to expire in

2020.

Rent expense of approximately

$0.5

million and

$0.8

million was recognized in connection with this lease during the

nine

months ended

September 30, 2018

and

2017,

respectively. In

June 2018,

the Company purchased the terminal facility with proceeds from the offering for

$7.5

million.