Related party transactions

12 Months Ended

Dec. 31, 2013

11. Related party transactions

The Company incurred the following amounts to companies that are principally owned by executives, directors or stockholders of the Company or their families:

	Year ended December 31,

	2013		2012		2011
Rent	$	422,882	$	500,785	$	487,677
Consulting and professional fees		56,986		132,103		74,246

Rent was paid to BDP Realty Associates LLC a company in which Philip Beck has a 1/3rd interest.

Consulting and professional fees were paid to a professional services company where a family member of Philip Beck has a substantial interest but Philip Beck does not have any financial interest in such company.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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