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Related-Party Transactions
9 Months Ended
Sep. 30, 2015
Related-Party Transactions  
Related-Party Transactions

8. Related-Party Transactions

 

The Company leases its operating facility in Indiana from a company that is owned by an individual who was a member of the Company’s Board of Directors until August 7, 2015. The lease expires in January 2018 and requires the Company to pay property taxes, insurance and normal maintenance costs. The Company paid rent of $40 for each of the three month periods ended September 30, 2015 and 2014, and $121 for each of the nine month periods ended September 30, 2015 and 2014.

 

In conjunction with certain Company employees acquiring preferred and common stock during 2013 and 2012, the Company obtained notes receivable from the employees that have remaining balances outstanding of $0 and $108 at September 30, 2015 and December 31, 2014, respectively.