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RELATED PARTY TRANSACTIONS
3 Months Ended
Jun. 30, 2011
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

NOTE 9 - RELATED PARTY TRANSACTIONS

 

The office space occupied by MOS in Fort Lauderdale is leased by HEB and the office space is shared with HEB and a subsidiary of WMT.  The corporate office of the Company is located in Fort Worth, Texas, which space is also leased by HEB.  The Company shares space with the WMT corporate office and other HEB affiliated companies.  The Company reimbursed HEB $9,473 for the cost of both office spaces for the six month period ended June 30, 2011, except for the Fort Lauderdale rent for first quarter 2011, which was recorded as a capital contribution.

 

In addition, employees of HEB provide accounting and administrative services to the Company and HEB is reimbursed for the cost of those services.  A percentage of the salary paid to four full-time employees of HEB is allocated to the Company and the value of services received in the first six months of 2011 was $36,125.   In addition, the health benefits provided to Company employees is paid by HEB and the actual cost incurred by HEB is reimbursed by the Company.  The amount of the health benefits provided and reimbursed for the first six months in 2011 was $7,550.