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Related Party Transactions
12 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

18.  Related Party Transactions


In addition to the warrant issuances described in Note 10, the Company’s loan from Carlisle described in Note 11 and the participation of certain officers and directors in the Company’s rights offering described in Note 13, the Company has the following related party transactions:


Yaozhong Shi, a director of the Company, is the Chairman of Transtech, which is our primary LED supplier.  The Company purchased $3.6 million and $3.5 million of product from Transtech in 2016 and 2015, respectively. Amounts payable by the Company to Transtech were $0 and $145,000 as of December 31, 2016 and 2015, respectively.


On June 30, 2016, the Company entered into a 1-year Trademark Licensing Agreement with Transtech, pursuant to which Transtech paid the Company $72,500 upon signing the agreement and will pay the Company a 3% royalty on any equipment sold using the Company’s trademark. There were no such sales in 2016.