Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS

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RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2017
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS
 
In the course of business, the Company obtains legal services from a firm in which the Company’s Chairman is a partner. The Company incurred approximately $38,000 and $114,000 in legal fees to the firm for both three and nine months ended September 30, 2017, and 2016, respectively. As of September 30, 2017, and December 31, 2016, the Company had balances due to this firm of $13,000 and $88,000 respectively.
 
The Company obtained social media and investor related services from a firm in which the Company’s Chief Financial Officer holds a 50% interest. The Company incurred approximately $22,000 in fees to the firm during the nine months ended September 30, 2016. The Company canceled this agreement in June 2016.