Related Parties

3 Months Ended

Mar. 31, 2019

Related Party Transactions [Abstract]

Related Parties

Note 8 - Related Parties

Amounts owed to related parties as of March 31, 2019 and December 31, 2018 consist of the following (in thousands):

	March 31, 2019		December 31, 2018
Alexander Bafer, Executive Chairman	$	25	$	25
John Textor, Chief Executive Officer		322		304
Other		69		69
Total	$	416	$	398

Our Chairman, Mr. Bafer, advanced an unsecured, non-interest-bearing loan to the Company which is payable on demand. The amounts due to John Textor, Chief Executive Officer, represents an unpaid compensation liability assumed in the acquisition of EAI. The amounts due to other related parties also represent financing obligations assumed in the acquisition of EAI.

On August 8, 2018, the Company assumed a $172,000 note payable due to a relative of the CEO. The note has three-month roll-over provision and different maturity and repayment amounts if not fully paid by its due date and bears interest at 18% per annum. The Company has accrued default interest for additional liability in excess of the principal amount. The note is currently in default. Accrued interest as of March 31, 2019 and December 31, 2018 related to this note was $63,000 and $45,000, respectively.