Related Party Transactions

12 Months Ended

Dec. 31, 2015

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

Note 10. Related Party Transactions

A company owned by a party related to the majority stockholder of the Company is both a subcontractor to and customer of the Company on various contracts. As of December 31, 2015 and 2014, amounts due from this entity totaled $0.02 million and $0.01 million, respectively. The Company recorded revenue of $0.01 million and $0.11 million, respectively, for the periods from November 24, 2015 through December 31, 2015 and January 1, 2015 through November 23, 2015 and $0.08 million for the year ended December 31, 2014.

As of December 31, 2014, amounts due to this entity relating to work performed under subcontracts totaled $0.10 million. The Company also recorded direct costs of $0.02 million for the period from January 1, 2015 through November 23, 2015, and $0.14 million and $0.44 million for the years ended December 31, 2014 and 2013, respectively, relating to such work performed.

On September 15, 2015, the Company issued a note receivable to the Predecessor’s stockholder for $2.5 million. The note bore interest at 2.35%. The principal and accrued interest was payable in full on the earlier of December 31, 2015 or the closing of the Business Combination which is described previously in Note 2. This note was satisfied with the closing of the Business Combination that took effect on November 23, 2015.

On November 23, 2015, Global Strategies Group (North America) Inc., an affiliate of the Sponsor, and the Company entered into a services agreement, pursuant to which the Company may retain Global Strategies Group (North America) Inc. from time to time to perform certain services: corporate development services such as assisting the Company in post-integration matters, regulatory compliance support services, financial services and financial reporting, business development and strategic services, marketing and public relations services, and human resources services. Global Strategies Group (North America) Inc. is an affiliate of both the Company and a Board member. Amounts paid and expensed under this agreement during the period from November 24, 2015 through December 31, 2015 totaled $0.04 million.