16.	RELATED PARTY

The Company has an agreement with Matco Tools, whereby Matco will provide to the Company, on an advance commission basis, credits in Matco-branded tools, tool storage, equipment, and diagnostics products. The chief executive officer of the parent company of Matco was considered an immediate family member of one of the Company’s Board members, however as of December 2018, that individual is no longer considered an immediate family member. The amount of the Company’s purchases from this third party was $1.8 million for the year ended December 31, 2018. Management believes that its agreement with Matco is an arm’s length transaction and on similar terms as would have been obtained from unaffiliated third parties.