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Note 18 - Transactions with Affiliates and Related Parties

12 Months Ended

Dec. 31, 2015

18.	Transactions with Affiliates and Related Parties

The Company made payments to related parties in the amount of $1.0 million during 2015 as compared to $754,000 during 2014 and $412,000 during 2013. The disbursements made during 2015, 2014, and 2013 include $415,000, $343,000, and $127,000, respectively, in fees for marketing, graphic design, architectural and project management services paid to InterArch, a company owned by the spouse of Vernon W. Hill, II. Mr. Hill is a significant shareholder of the Company, beneficially owning 9.9% of the common shares currently outstanding. The Company paid $144,000 during 2015 and $28,000 during 2014 to Glassboro Properties, LLC related to a land lease agreement for its Glassboro store. Mr. Hill has an ownership interest in Glassboro Properties LLC, a commercial real estate firm. The Company paid $7,000 during 2015 to SDI Commercial Real Estate LLC for services related to site development as part of the Company’s expansive strategy. Mr. Hill has an ownership interest in SDI Commercial Real Estate LLC, a commercial real estate firm. He also acts as a consultant for the Company and is paid $250,000 annually.

The Company paid $129,000 during 2015 and $133,000 during 2014 to Brian Communications for public relations services. Brian Tierney, a member of the Board of Directors, is the CEO of Brian Communications, a strategic communications agency.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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