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RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2013
Related Party Transactions [Abstract]  
Related Party Transactions

During the three and six month periods ended June 30, 2013, the Company paid ABC Internet Media, an entity owned by the Company’s Chief Technology Officer, approximately $27,000 and $54,000, respectively in lease payments for office space in Banja Luka, Bosnia-Herzegovina.

 

During the six months ended June 30, 2013 the Company paid WAT Works, LLC, an entity 50% owned by one of our employees, $108,704 for reimbursement of certain expenses incurred on the Company’s behalf pursuant to a Marketing Services Agreement.

 

On May 10, 2013, SkyMall, LLC ("SkyMall"), a wholly owned subsidiary of SHC Parent Corp. ("SHC"), which is a wholly-owned subsidiary of the Company, entered into a $7.65 million credit agreement (collectively, the "Credit Facility") with JPMorgan Chase Bank, N.A. (the "Lender").  In addition to the guaranties provided by the Company, the Credit Facility is also guaranteed by an affiliate company controlled by Mr. Najafi, a member of the Company's Board of Directors and the Company’s majority shareholder through beneficial ownership.