Note 14 - Related Party Transactions - Stockholder Loans	12 Months Ended
Dec. 31, 2018
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 14 – RELATED PARTY TRANSACTIONS – STOCKHOLDER LOANS Described below are the Company's related party transactions. Capitol Acquisition Corp. II All of the initial shares of common stock issued by the Company to its sponsor and initial shareholders (Capitol Acquisition Management 2 LLC, L. Dyson Dryden, Lawrence Calcano, Richard C. Donaldson and Piyush Sodha) were placed in escrow with Continental Stock Transfer & Trust Company, as escrow agent, until one year after the July 8, 2015 merger, including certain founder forfeiture shares which were subject to forfeiture in the event the last sales price of our stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 -trading day period within four years following July 8, 2015. The portion of the founder shares not subject to forfeiture were released from escrow following July 8, 2016 and the remainder of the founder forfeiture shares were released from escrow during 2018 as the conditions for release, set forth above, were satisfied. Lindblad Expeditions, Inc. The Company and National Geographic collaborate on exploration, research, technology and conservation in order to provide travel experiences and disseminate geographic knowledge around the globe. The Lindblad/National Geographic alliance is set forth in (i) an Alliance and License Agreement and (ii) a Tour Operator Agreement. During the years ended December 31, 2018 and 2017, the Company paid an aggregate of $6.1 million and $5.2 million, respectively, to National Geographic under these agreements, which are included within selling and marketing expenses on the accompanying consolidated statements of operations. The extension of the agreements between the Company and National Geographic in connection with the mergers was contingent on the execution by Mr. Lindblad of an option agreement granting National Geographic the right to purchase from Mr. Lindblad, for a per share price of $10.00 per share, five percent of the issued and outstanding shares of Capitol’s common stock as July 8, 2015, including all outstanding options, warrants or other derivative securities (excluding options granted under the 2015 Plan, 15,600,000 shares issuable upon the exercise of warrants and 1,250,000 shares of escrowed common stock, unless such escrowed shares are released from escrow, in which case such shares will be included in the 5% calculation). In connection with the 2015 merger of Capital Acquisition Corp. II and Lindblad Expeditions, Inc., the stockholders of Capitol Acquisition Corp. II prior to its initial public offering, (Capitol Acquisition Management 2 LLC, L. Dyson Dryden, Lawrence Calcano, Richard C. Donaldson and Piyush Sodha), collectively agreed to make a charitable contribution of an aggregate of 500,000 founder’s shares in the Company to the Lindblad Expeditions – National Geographic Joint Fund for Exploration and Conservation (“LEX-NG Fund”), established by National Geographic, for no additional consideration. The LEX-NG Fund is managed jointly by a Lindblad staff member and a National Geographic staff member and the board is comprised of five members with Mr. Lindblad acting as Chairman. The contributed shares were placed into escrow and subject to certain conditional terms. During 2018, the conditional terms were met and all the contributed shares are available to the transferred from escrow to the LEX-NG Fund. On May 4, 2016, in connection with the Company's acquisition of Natural Habitat, Natural Habitat issued an unsecured promissory note to Mr. Bressler with an outstanding principal amount of $2.5 million due at maturity on December 31, 2020.

NOTE

– RELATED PARTY TRANSACTIONS – STOCKHOLDER

LOANS

Described below are the Company's related party transactions.

Capitol Acquisition Corp. II

All of the initial shares of common stock issued by the Company to its sponsor and initial shareholders (Capitol Acquisition Management

LLC, L. Dyson Dryden, Lawrence Calcano, Richard C. Donaldson and Piyush Sodha) were placed in escrow with Continental Stock Transfer & Trust Company, as escrow agent, until

one

year after the

July 8, 2015

merger, including certain founder forfeiture shares which were subject to forfeiture in the event the last sales price of our stock does

not

equal or exceed

$13.00

per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any

trading days within any

-trading day period within

four

years following

July 8, 2015.

The portion of the founder shares

not

subject to forfeiture were released from escrow following

July 8, 2016

and the remainder of the founder forfeiture shares were released from escrow during

2018

as the conditions for release, set forth above, were satisfied.

Lindblad Expeditions, Inc.

The Company and National Geographic collaborate on exploration, research, technology and conservation in order to provide travel experiences and disseminate geographic knowledge around the globe. The Lindblad/National Geographic alliance is set forth in (i) an Alliance and License Agreement and (ii) a Tour Operator Agreement. During the years ended

December 31, 2018

and

2017,

the Company paid an aggregate of

$6.1

million and

$5.2

million, respectively, to National Geographic under these agreements, which are included within selling and marketing expenses on the accompanying consolidated statements of operations. The extension of the agreements between the Company and National Geographic in connection with the mergers was contingent on the execution by Mr. Lindblad of an option agreement granting National Geographic the right to purchase from Mr. Lindblad, for a per share price of

$10.00

per share,

five

percent of the issued and outstanding shares of Capitol’s common stock as

July 8, 2015,

including all outstanding options, warrants or other derivative securities (excluding options granted under the

2015

Plan,

15,600,000

shares issuable upon the exercise of warrants and

1,250,000

shares of escrowed common stock, unless such escrowed shares are released from escrow, in which case such shares will be included in the

calculation).

In connection with the

2015

merger of Capital Acquisition Corp. II and Lindblad Expeditions, Inc., the stockholders of Capitol Acquisition Corp. II prior to its initial public offering, (Capitol Acquisition Management

LLC, L. Dyson Dryden, Lawrence Calcano, Richard C. Donaldson and Piyush Sodha), collectively agreed to make a charitable contribution of an aggregate of

500,000

founder’s shares in the Company to the Lindblad Expeditions – National Geographic Joint Fund for Exploration and Conservation (“LEX-NG Fund”), established by National Geographic, for

additional consideration. The LEX-NG Fund is managed jointly by a Lindblad staff member and a National Geographic staff member and the board is comprised of

five

members with Mr. Lindblad acting as Chairman. The contributed shares were placed into escrow and subject to certain conditional terms. During

2018,

the conditional terms were met and all the contributed shares are available to the transferred from escrow to the LEX-NG Fund.

May 4, 2016,

in connection with the Company's acquisition of Natural Habitat, Natural Habitat issued an unsecured promissory note to Mr. Bressler with an outstanding principal amount of

$2.5

million due at maturity on

December 31, 2020.