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Note 8 - Related Party Transactions
6 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
Note
8.
Related Party Transactions
 
Louis Hoch
 
During the
six
months ended
June 30, 2020
and the year ended
December 31, 2019
, the Company purchased a total of
$0
and
$13,831,
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 and Louis Hoch
 
During the
six
months ended
June 30, 2020
and the year ended
December 31, 2019
, the Company received
$0
and
$6,665,
respectively, in revenue from Lush Rooftop. Miguel Chapa, a member of our Board of Directors, was an owner of Lush Rooftop. Louis Hoch, the Company's President and Chief Executive Officer, was also a minority owner of Lush Rooftop. The relationship ended in
September, 2019
when the business was sold.
 
During the
six
months ended
June 30, 2020
and the year ended
December 31, 2019
, the Company received
$3,219
and
$24,363,
respectively, in revenue from BLVD Bar and Lounge. Miguel Chapa, a member of the Company's Board of Directors, is an owner in BLVD Bar and Lounge. Louis Hoch, the Company's President and Chief Executive Officer, is also an owner of BLVD Bar and Lounge. In
May, 2020,
both Mr. Chapa and Mr. Hoch sold all their interests in BLVD.  The Company retained the card processing business.
 
Directors and Officers
 
On
January 6, 2020,
the Company repurchased
11,860
shares of common stock at a closing price of
$1.74
per share from Tom Jewell, the Company's Chief Financial Officer to cover taxes due.
 
On
January 6, 2019,
the Company repurchased
11,860
shares of common stock at a closing price of
$1.84
per share from Tom Jewell, the Company's Chief Financial Officer to cover taxes due.
 
The Company granted
1,444,000
shares of common stock with a
10
-year vesting period and
103,000
restricted stock units (RSUs) with a
3
-year vesting period to employees and Directors as a performance bonus on
April 1, 2020
at an issue price of
$1.08
per share. Executive officers and Directors included in the grant were Louis Hoch (
300,000
shares), Vaden Landers (
150,000
shares), Tom Jewell (
200,000
shares), Blaise Bender (
10,000
RSUs), Brad Rollins (
30,000
RSUs) and Miguel Chapa (
30,000
RSUs).