NOTE 14. RELATED PARTY TRANSACTIONS

In March 2017, the Company entered into three-year employment agreements with each of Chad Steelberg, the Company’s Chief Executive Officer, and Ryan Steelberg, the Company’s President. Under the agreement with Chad Steelberg, as of the end of each calendar quarter during the term of the agreement (following March 31, 2017) during which Chad Steelberg is still employed by the Company, the Company will issue to Mr. Steelberg a number of shares of its common stock calculated by dividing $125 by the fair market value (as defined in the agreement) of the Company’s common stock. During the year ended December 31, 2017, Chad Steelberg received 17,807 shares of common stock pursuant to this agreement.

The Company reimbursed Chad Steelberg and Ryan Steelberg for the costs of their healthcare plans. During the years ended December 31, 2018 and 2017, the Company expensed $56 and $58 for the cost of such plans, respectively. As of December 31, 2018 and 2017, the Company has an accrual of $5 and $0, respectively, related to these healthcare plans.

There were no other related party transactions as of December 31, 2018 and 2017.