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19. RELATED PARTY TRANSACTIONS | 12 Months Ended
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Dec. 31, 2020
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | On July 25, 2019, the Company entered into a Master Partnership Agreement with Minim Inc. (“Minim”), together with a related Statement of Work, License, Collaborative Agreement, Software/Service Availability Agreement and Software/Service Support Level Agreement (collectively, the “Partnership Agreement”). Under the Partnership Agreement, the Company will integrate Minim software and services into certain hardware products distributed by the Company, and Minim will be entitled to certain fees and a portion of revenue received from the end users of such services and software. The Company and Minim entered into an additional Statement of Work on December 31, 2019 providing for further integration of Minim services, with a monthly minimum payment of $5,000 payable by the Company to Minim starting in January 2020 for a period of thirty-six months and a requirement for Minim to purchase at least $90,000 of the Company’s hardware by December 2022. Minimum monthly payments under this agreement increased to $15,000 in July 2020. Jeremy Hitchcock, who serves as Executive Chairman of the Company’s Board of Directors, is the co-founder, Chief Executive Officer and, prior to the Minim Merger, was a stockholder of Minim. During the fiscal years ended December 31, 2020 and 2019, $90 thousand and $0 payments were made by the Company to Minim under the Partnership Agreement. The Company recorded $105 thousand and $0 in expenses for the years ended December 31, 2020 and 2019, respectively. The Company sold $15 thousand of product to Minim for the year ended December 31, 2020. No services were provided in 2019. As of December 31, 2020, and 2019, no amounts were due from or to the Company under the Partnership Agreement. As of the Minim Merger on December 4, 2020, the Partnership Agreement is not considered a related party transaction, and any transactions between the Company and Minim are considered intercompany transactions, which are eliminated in the consolidation of these financial statements. The Company’s operating lease for its Manchester, NH office as described in Note 10 is leased from an affiliate entity that is owned by the Company’s Executive Chairman of the Board of Directors. The Company made payments of $2,770 from October 9, 2020 to December 31, 2020 under this operating lease. On November 30, 2020, the Chief Executive Officer of the Company fully paid $264,000 to Minim for a promissory note related to the exercise of Minim stock options in December 2019 (Note 3). On November 20, 2020, Minim agreed to repurchase 33,809 shares of Minim common stock for $14,860 from a stockholder who is an immediate family member to the Company’s executive chairman of the Board and subsequent to the Minim Merger became a member of the Company’s Board of Directors. The $14,860 remains unpaid as of December 31, 2020 (Note 3).

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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