NOTE 15. Related Party Transactions

During the three and nine months ended September 30, 2018 and 2017, the Company was engaged in non-arm’s length transactions, which were in the normal course of business and were measured at the exchange amount. Transactions included sales of products, purchases of inventory as well as general expenses, reimbursements and sales commissions incurred from related parties. The related parties involved in these transactions included the following:

Nirvana Corp. - This entity is controlled by a family member of the CEO of the Company and conducts business as a reseller of consumer electronic products.

Smash Technologies, LLC – This entity is controlled by a family member of the CEO of the Company and conducts business as a reseller of accessories.

Stamax Corp. – This entity is a predecessor entity of OneClick License and prior to October 1, 2017 was controlled by certain members of management.

OneClick License – Prior to October 1, 2017, this entity was controlled by certain members of management. It is now a wholly-owned subsidiary of the Company.

OneClick International LLC – Prior to October 1, 2017, this entity was controlled by certain members of management. It is now a wholly-owned subsidiary of the Company.

Verablue Caribbean Group SRL – This entity is controlled by certain members of management and is a retailer of consumer electronic products.

There are no long-term arrangements with any of the related parties. Pricing and other material payment terms are determined on a case by case basis. The terms are not materially different than the terms being negotiated with unaffiliated third parties. At September 30, 2018, there were no amounts outstanding to the above listed related parties.

Products and services sold by the Company to related parties were as follows for the periods presented (in thousands):

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2018		2017		2018		2017
Nirvana Corp	$	—	$	152	$	—	$	573
Smash Technologies LLC		2		—		2		18
Stamax Corp.		—		—		—		36
Verablue Carribbean Group SRL		—		245		1,517		245
OneClick International LLC		—		144		—		160
OneClick License LLC		—		73		—		1,533
Total	$	2	$	614	$	1,519	$	2,565

Purchases from, or operating expenses paid to, related parties by the Company were as follows for the periods presented (in thousands):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2018		2017		2018		2017
Stamax Corp.	$	—	$	—	$	—	$	9.00
Nirvana Corp		—		—		—		6
Smash Technologies LLC		74		—		272		37
OneClick International LLC		—		143		—		756
OneClick License		—		218		—		961
Total	$	74	$	361	$	272	$	1,769