RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

RELATED PARTY TRANSACTIONS

The Company has certain Lines of Credit extended by certain members of the Company’s Board of Directors. For a more detailed discussion of the Company’s Lines of Credit, see Note 5 - Lines of Credit.  During the quarter ended June 30, 2016, the Company borrowed $1,250,000 under the terms of the Goldman LOC and $250,000 under the terms of the New Crocker LOC. Subsequent to June 30, 2016, we borrowed an additional $250,000 under the Goldman LOC and $250,000 under the New Crocker LOC.

Each of Messrs. Goldman and Crocker are members of the Board of Directors of the Company.