XML 76 R19.htm IDEA: XBRL DOCUMENT

Note 13 - Transactions with Affiliates	12 Months Ended
Dec. 31, 2013
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Note 13—Transactions with Affiliates Alonso Ancira serves on the Company’s Board of Directors as a non-employee director. Mr. Ancira also serves on the Board of Directors of Mexicans & Americans Thinking Together Foundation, Inc. (the "Organization"), is the Chairman of the Board of Directors of MATT Inc., a principal stockholder of the Company and is the Chairman of the Board of Directors of AHMSA, which owns MATT Inc. The Company has participated in several significant transactions with MATT Inc., the Organization and AHMSA. See Note 8 – Notes and Loans Payable, Note 10 – Stockholder’s Equity, and Note 11 – Warrants. The Company earned $6.0 million of Social Theater revenue for the year ended December 31, 2012 from MATT. The Company did not have Social Theater revenue for the year ended December 31, 2013 from MATT or its parent company, AHMSA. At December 31, 2013 and 2012, approximately $0 and $6.0 million, respectively of the Company’s combined accounts receivable were from AHMSA and MATT. John Abbott, the Company's former Chief Executive Officer and Chairman of the Board, has been a financial advisor to AHMSA. In connection with providing these services, AHMSA has been paying Mr. Abbott $30,000 per month.

Note 13 - Transactions with Affiliates

12 Months Ended

Dec. 31, 2013

Note 13—Transactions with Affiliates

Alonso Ancira serves on the Company’s Board of Directors as a non-employee director. Mr. Ancira also serves on the Board of Directors of Mexicans & Americans Thinking Together Foundation, Inc. (the "Organization"), is the Chairman of the Board of Directors of MATT Inc., a principal stockholder of the Company and is the Chairman of the Board of Directors of AHMSA, which owns MATT Inc. The Company has participated in several significant transactions with MATT Inc., the Organization and AHMSA. See Note 8 – Notes and Loans Payable, Note 10 – Stockholder’s Equity, and Note 11 – Warrants.

The Company earned $6.0 million of Social Theater revenue for the year ended December 31, 2012 from MATT. The Company did not have Social Theater revenue for the year ended December 31, 2013 from MATT or its parent company, AHMSA. At December 31, 2013 and 2012, approximately $0 and $6.0 million, respectively of the Company’s combined accounts receivable were from AHMSA and MATT. John Abbott, the Company's former Chief Executive Officer and Chairman of the Board, has been a financial advisor to AHMSA. In connection with providing these services, AHMSA has been paying Mr. Abbott $30,000 per month.

- 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.

+ References+ Details