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Note 11 - Related Party Transactions
9 Months Ended
Sep. 30, 2013
Related Party Transactions [Abstract]  
Related Party Transactions

Note 11 – Related Party Transactions

 

See Notes 6 and 8 for discussion of transactions with the Company’s Co-Founders, George Konrad and Fred Barker.

 

Since January 1, 2012, the Company has been using a 5,000 square foot Scottsdale, Arizona, facility owned by Bryce Johnson, the principal Cornerstone seller, who became an officer and director of the Company in connection with the Cornerstone Acquisition. The Company used the facility free of charge for two months. From March 2012 to June 2013, the Company paid Mr. Johnson $700 per month to cover overhead costs for use of the facility. Since July 2013, the Company has been using the facility free of charge with Mr. Johnson’s consent. Mr. Johnson resigned as an officer and director of the Company in March 2013; however, the Company has continued to use his facility and expects to continue doing so free of charge for at least the next year.