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Related Parties | 9 Months Ended
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Sep. 30, 2018
Related Party Transactions [Abstract] |
Related Parties | Note 10. Related Parties The following is a summary of assets, liabilities, and income and expense transactions with all related parties, shareholders, directors and managers:
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Sales to related parties |  | $ | 1,667 |  |  | $ | 1,267 |  |  | $ | 3,804 |  |  | $ | 3,732 |
Fees paid to directors and officers |  | $ | 833 |  |  | $ | 573 |  |  | $ | 2,461 |  |  | $ | 2,114 |
Payments to other related parties |  | $ | 863 |  |  | $ | 788 |  |  | $ | 2,525 |  |  | $ | 2,660 |
|  | September 30, 2018 |  |  | December 31, 2017 |
Current Assets: |  |  |  |  |  |  |  |
Due from VS |  | $ | 5,786 |  |  | $ | 6,240 |
Due from other related parties |  |  | 2,210 |  |  |  | 2,260 |
|  | $ | 7,996 |  |  | $ | 8,500 |
Liabilities: |  |  |  |  |  |  |  |
Due to related parties |  | $ | 1,018 |  |  | $ | 975 |
Ventanas Solar S.A. (“VS”), a Panama sociedad anónima, is an importer and installer of the Company’s products in Panama. Family members of the Company’s CEO and COO and other related parties own 100% of the equity in VS. The Company’s sales to VS for the three months ended September 30, 2018 and 2017 were $853 and $779, respectively. The Company’s sales to VS for the nine months ended September 30, 2018 and 2017 were $2,067 and $2,668, respectively. Payments to other related parties during three and nine months ended September 30, 2018 and 2017 include the following:
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Charitable contributions |  | $ | 282 |  |  | $ | 494 |  |  | $ | 849 |  |  | $ | 1,652 |
Sales commissions |  | $ | 360 |  |  | $ | 181 |  |  | $ | 1,037 |  |  | $ | 601 |
Charitable contributions are donations made to the Company’s foundation, Fundación Tecnoglass-ESW.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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