v3.8.0.1
RELATED PARTY TRANSACTIONS
9 Months Ended
Oct. 01, 2017
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

(16)        Related Party Transactions

Michael Lister serves as the Chief Executive Officer and Chief Operating Officer of the Company. Prior to joining the Company in October 2016, Mr. Lister managed Famous Five Dining, a corporation that owns five franchised Famous Dave’s Restaurants.

Anand D. Gala currently serves as a director of the Company. Mr. Gala is the Founder, President and Chief Executive Officer of Gala Holdings International, a diversified holding company that conducts consulting, restaurant development and management operations. Mr. Gala’s brother owns Altametrics, LLC, a software company to which the Company paid approximately $49,000 during the nine months ended October 2, 2016.

The following table outlines amounts received from related parties during the three and nine months ended October 1, 2017 and October 2, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

October 1, 2017

    

October 2, 2016

    

October 1, 2017

    

October 2, 2016

Revenues and NAF contributions, Michael Lister

 

 

$

121

 

$

118

 

$

367

 

$

377

Revenues and NAF contributions, Anand Gala

 

 

 

399

 

 

447

 

 

1,309

 

 

1,449

The following table outlines accounts receivable from related parties as of October 1, 2017 and January 1, 2017:

 

 

 

 

 

 

 

 

 

October 1,

    

January 1,

 

 

2017

    

2017

Accounts Receivable, Michael Lister

 

$

46

 

$

50

Accounts Receivable, Anand Gala

 

 

316

 

 

370