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RELATED PARTIES
12 Months Ended
Dec. 31, 2011
RELATED PARTIES [Abstract]  
Related Party Transactions Disclosure [Text Block]
RELATED PARTIES
 
Notes payable to stockholders
 
In connection with the acquisition of Larus Corporation, the Company issued promissory notes, dated July 13, 2004, to two former stockholders of CXR Larus (formerly Larus Corporation) totaling $3.0 million.  These notes were subordinated to the Company’s bank debt and were originally payable in 72 equal monthly payments of principal plus interest at the 30-day LIBOR plus 5% with a maximum interest rate of 7% during the first two years of the term of the notes, 8% during the third and fourth years, and 9% thereafter.  Pursuant to an amendment, the notes bore interest at the fixed rate of 6% and principal payments were modified to varying monthly payments between $11,000 and $42,000, per month with maturity in December 2010.  The notes were paid in full in December 2010.  Interest paid on these notes was $13,000 for the year ended December 31, 2010.
 
Building lease
 
Additionally, the Company entered into an above-market real property lease with the two former stockholders of CXR Larus. The lease represented an obligation that exceeded the fair market value by approximately $756,000.  The lease term was for 7 years and expired on June 30, 2011. It was renewable for a 1-year term priced under market conditions at $10,000 per month. The base rent is $10,000 monthly or $120,000 for the one year. Lease payments paid to the related parties during 2011 and 2010 totaled $238,000 and $356,000, respectively.  The lease term will expire June 30, 2012.
 
Notes payable to Former Shareholders of ACC
 
In connection with the acquisition of ACC, EEC issued Amended Subordinated Contingent Notes (as described in Note 9), as amended, to each of the Sellers.  One of the note holders owns shares in the Company and, therefore, is deemed a related party and holds a majority of the balance of the Notes.  The total balance of the Notes at December 31, 2011 was $2.9 million.  The Amended Subordinated Contingent Notes bear interest at the prime rate as reported in The Wall Street Journal plus 1% and mature on August 31, 2013 (“Maturity Date”).  Interest is payable quarterly beginning October 1, 2010 through the Maturity Date.  No principal payments are due until October 1, 2012, when quarterly principal payments in the amount of $0.2 million will be paid with the outstanding principal balance due at the Maturity Date.
 
Other related parties
 
The Company obtains consulting services from Jason Oliva, a related party. Services renered by Mr. Oliva include artistic design associated with the Company's promotional materials and website, evaluation and recommendations for best practices of public companies, including research related to market matters and access to key relationships that he maintains with the NYSE Arca and other exchanges. Payments made to Mr. Oliva for these services were $4,000 during the year ended December 31, 2010. No services were performed by or fees paid to Mr. Oliva during the year ended December 31, 2011.

There are no guarantees by, fees paid to, or loans to or from officers or directors of the Company.