XML 63 R13.htm IDEA: XBRL DOCUMENT v3.2.0.727
Note 8 - Related Party Transactions
6 Months Ended
Jun. 30, 2015
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

(8)               Related Party Transactions 


The Senior Secured Revolving Credit Facility contains a provision requiring the Company to use a third party to perform financial due diligence for acquisitions exceeding a certain size. With the approval of the senior lender, the Company engaged RedRidge Finance Group (“RedRidge”) to assist it with financial due diligence and incurred $115,000 and $291,000 in fees, pertaining to acquisition-related work performed during the three and six months ended June 30, 2014, respectively. The Company incurred $118,000 in fees, pertaining to acquisition-related work performed during the six months ended June 30, 2015, all of which were incurred during the first quarter of 2015. P&P Investment, LLC (“P&P”), a company owned by Richard Perlman and James Price, the Executive Chairman and Chief Executive Officer, respectively, of the Company, are minority owners and lenders of RedRidge.