XML 18 R9.htm IDEA: XBRL DOCUMENT v3.19.1
Related Party Transactions Disclosure
12 Months Ended
Dec. 31, 2018
Notes  
Related Party Transactions Disclosure

3. Related Party Transactions

 

Consulting Fees

 

Certain stockholders of the Company and entities affiliated with management that perform services for customers were compensated at various rates. Total consulting expenses incurred by these entities amounted to $598,917 and $520,737 for the years ended December 31, 2018 and 2017, respectively. Amounts payable to these entities amounted to $210,606 and $123,802 at December 31, 2018 and 2017, respectively.

 

Prepaid Expenses

 

There were no amounts advanced to related entities in 2018, and amounts advanced in 2017 were repaid.

 

Technology Development Fees

 

Under a technology development agreement the Company has with TTH, the Company reimburses TTH for managing the work by a contracted third party on various technology developments as agreed to on a case-by-case basis. The amounts payable under this arrangement amounted to $243,112 and $0 at December 31, 2018 and 2017, respectively. The Company obtains full rights to any intellectual property it develops or acquires through such payments.