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13. RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

Note Amendments and Warrant Issuances to RJC

 

See Notes above for a discussion of certain amendments to the Senior Note and RJC Junior Note held by RJC.

 

See Notes above for a discussion of certain warrants issued to RJC by the Company in connection with the amendment of the Senior Note and RJC Junior Note held by RJC.

 

GGE Acquisition

 

As a result of the 66,625 restricted shares of the Company’s Series A Convertible Preferred Stock issued to GGE which can be converted into shares of the Company’s common stock on a 1,000:1 basis as described below in greater detail, and the appointment by GGE of a representative to the Company’s Board of Directors, GGE became a related party to the Company in 2015. The following table reflects the related party amounts for GGE included in the December 31, 2016 balance sheet (in thousands):

 

   

As of

December 31,

2016

  
Long-term notes payable-Secured Promissory Notes, net of discount of $2,338,000   $ (13,319 )
Long-term notes payable-Subordinated     (10,173 )
Net assets   $ (23,492 )