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RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2017
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
10. RELATED PARTY TRANSACTIONS

 

The Company’s office is rented from a company affiliated with CD Financial, the line of credit note payable lender, which is controlled by Carl DeSantis, a principal shareholder (see note 13). Currently, the lease expires on October 2020 with monthly rent of $8,809. The rental fee is commensurate with other properties available in the market.

 

In April 2015, the Company entered into a strategic marketing and advisory services agreement with All Def Digital. Tim Leissner, a former director and current shareholder of the Company is also a director and shareholder in All Def Digital. As of September 30, 2017, and since inception, the Company has paid All Def Digital $440,395, for services relating to the strategic marketing and advisory services agreement. For the nine months ending September 30, 2017, services were performed by All Def Digital totaling $50,000 respectively.

 

Other related party transactions are discussed in notes 8 and 9.