RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2021

10.	RELATED PARTY TRANSACTIONS

Purchases from Carrier and its affiliates comprised 72% and 63% of all inventory purchases made during the quarters ended June 30, 2021 and 2020, respectively. Purchases from Carrier and its affiliates comprised 67% and 60% of all inventory purchases made during the six months ended June 30, 2021 and 2020, respectively. At June 30, 2021

nd December 31, 2020, approximately $150,000 and $81,000, respectively, was payable to Carrier and its affiliates, net of receivables. We also sell HVAC products to Carrier and its affiliates. Revenues in our condensed consolidated unaudited statements of income for the quarters and six months ended June 30, 2021 and 2020 included approximately $33,000, $33,000, $56,000, and $55,000, respectively, of sales to Carrier and its affiliates. We believe these transactions are conducted on terms equivalent to an

arm’s-length

basis in the ordinary course of business.

A member of our Board of Directors is the Senior Chairman of Greenberg Traurig, P.A., which serves as our principal outside counsel for compliance and acquisition-related legal services. During the quarters and six months ended June 30, 2021 and 2020, fees to this firm for services performed were $32, $0, $98 and $0, respectively. At June 30, 2021 and December 31, 2020, $1 and $8, respectively, was payable to this firm.