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Related Party Transactions
 12 Months Ended
Dec. 31, 2015
Related Party Transactions [Abstract]  
Related Party Transactions

(13)

Related Party Transactions

During 2015 and 2014, the Company received legal advice on various Company matters from a law firm related to a director of the Company. The Company incurred expenses totaling approximately $0.05 million and $0.05 million related to these services during 2015 and 2014, respectively, which is included in general and administrative expenses in the accompanying consolidated statements of operations. As of December 31, 2015 and 2014, there were no overdue outstanding amounts owed to this law firm for services provided.

The Company, upon approval from the Board, has an employment agreement with the Executive Chairman of the Board of Directors (“Executive Chairman”), whereby the Company compensated the Executive Chairman $0.13 million and $0.13 million during 2015 and 2014, respectively. Under the terms of the agreement, the Executive Chairman will assist in international joint venture relations and operations, technical developments, manufacturing and transformative business development projects and other special projects assigned by the Company. In November 2013, the Company amended the agreement to extend the term through 2015 with annual compensation of $0.13 million and $0.13 million for 2015 and 2014. In addition, the amendment included a bonus equal to 1% of the amount reported by the Company as equity income from foreign joint ventures’ operations in the consolidated statements of operations. During 2015 and 2014, the Company paid compensation of $0.13 million and $0.13 million, respectively, under the terms of the agreement, which is included in general and administrative expenses in the accompanying consolidated statements of operations.