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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2014
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

15.RELATED PARTY TRANSACTIONS

 

The Company has a license agreement with the Chief Executive Officer of the Company. See Note 5.

 

The Chief Executive Officer of the Company exercised a portion of his stock option in 2012.  See Note 13.

 

During the years ended December 31, 2014, 2013, and 2012, the Company paid $38,693; $93,939; and $91,086, respectively, to a family member of its Chief Executive Officer as an employee and/or consultant.