18. Related Parties

In the fourth quarter of 2009, the Company completed a system installation under an EPC Contract entered into with STP. Subsequent to the end of 2009, Stephen C. Kircher, our Chief Executive Officer, and his wife, Lari K. Kircher, as Co-Trustees of the Kircher Family Irrevocable Trust dated December 29, 2004 (“Trust”) was admitted as a member of HEK, LLC (“HEK”), a member of STP. The Trust made a capital contribution of $20,000 and received a 35% membership interest in HEK. Stephen C. Kircher, as trustee of the Trust was appointed a co-manager of HEK. Neither Stephen C. Kircher nor Lari K. Kircher is a beneficiary under the Trust.

In June 2011, the Company transferred to LDK Solar USA, Inc. its interest in North Palm Springs Investments, LLC (“NPSLLC”) and entered into two Engineering, Procurement and Construction (“EPC”) agreements with NPSLLC for the construction of two utility scale solar projects with anticipated revenues to the Company of $29.2 million.

At June 30, 2011, the Company had accounts receivable of $2,034,000 from its seventy percent shareholder, LDK Solar Co., Ltd., consisting of $1,096,000 for raw material for the manufacture of solar products valued at its carrying value, and $938,000 expenses incurred on their behalf related to operations in our China and Hong Kong subsidiaries.

At June 30, 2011, the Company had accounts payable of $9,380,000 to LDK Solar Co., Ltd. for purchase of solar panels for its projects currently under development.

During the three months ended June 30, 2011 the Company recorded net sales to LDK Solar Co., Ltd. of $5,369,000, consisting of $336,000 in raw material sales and $5,033,000 of net sales related to solar development projects. Related cost of goods sold was $4,653,000. Solar development costs were $4,317,000 and the raw material was sold at carrying value of $336,000.

During the six months ended June 30, 2011 the Company recorded net sales to LDK Solar Co., Ltd. of $6,129,000, consisting of $1,096,000 in raw material sales and $5,033,000 of net sales related to solar development projects. Related cost of goods sold was $5,413,000. Solar development costs were $4,317,000 and the raw material was sold at carrying value of $1,096,000.

Related party transactions with LDK Solar Co., Ltd or is subsidiaries are summarized in the following table:


	Three Months		Six Months Ended
	Ended June 30, 2011		June 30, 2011

Costs and estimated earnings in excess of billing to North Palm Springs Investment, LLC**		5,033		5,033
Raw material sales at carrying value		336		1,096
Cost of goods sold related to North Palm Springs Investment, LLC*		4,317		4,317
Accounts receivable for expenses incurred on their behalf related to operations in our China and Hong Kong subsidiaries		355		938
Solar panel purchases		12,425		12,425

* North Palm Springs Investments, LLC is a wholly owned subsidiary of LDK Solar USA, Inc.

** EPC Contract revenue from North Palm Springs Investments, LLC