RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 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.  As of September 30, 2016, the Company had borrowed $1,650,000 under the terms of the Goldman LOC and $500,000 under the terms of the New Crocker LOC.

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