Related Party Transactions

6 Months Ended

Jun. 30, 2018

Louis Hoch

During the six months ended June 30, 2018 and the year ended December 31, 2017, the Company purchased a total of $826 and $1,826, respectively, of corporate imprinted sportswear and caps from Angry Pug Sportswear. Louis Hoch, the Company’s President and Chief Executive Officer, is a 50% owner of Angry Pug Sportswear.

Miguel Chapa

During the six months ended June 30, 2018 and the year ended December 31, 2017, the Company received $10,181 and $29,555, respectively, in revenue from Lush Rooftop. Miguel Chapa, a member of the Company’s Board of Directors, is an owner of Lush Rooftop. Louis Hoch, the Company’s President and Chief Executive Officer, is also a minority owner in Lush Rooftop.

Directors and Officers

On January 8, 2018 and January 9, 2018, the Company repurchased 397,845 shares for $956,128 in a private transaction at the closing price on January 8, 2018 and January 9, 2018 from officers, employees and director's to cover the respective employees', officers' and directors' share of taxes for shares that vested on that day, as approved by the Audit Committee and the Board of Directors on the same day, with the respective officers and directors recusing themselves. In particular, the Company repurchased the following shares from Named Executive Officers and directors:


•	Michael Long (Chairman of the Board): 158,476 shares valued at $2.40 per share or total of $380,342;


•	Louis Hoch (President and Chief Executive Officer): 158,476 shares valued at $2.40 per share or total of $380,342; and


•	Tom Jewell (Chief Financial Officer): 13,060 shares valued at $2.50 per share or total of $32,650.