RELATED PARTY TRANSACTIONS |
6 Months Ended | |||
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Mar. 31, 2018 | ||||
Related Party Transactions [Abstract] | ||||
RELATED PARTY TRANSACTIONS |
DCA Agreement
On September 25, 2013, the Board approved a consulting agreement effective May 1, 2013, for marketing services provided by Decision Calculus Associates, an entity operated by Mr. Carpenter’s spouse, Jill Carpenter. Effective August 2015, DCA was engaged at a fee of $10,000 per month. From August 2015 through February 2017, DCA has been paid $170,000. The Decision Calculus Associates (“DCA”) contract was renewed at $3,000 a month effective March 1, 2017. The Company incurred fees of $9,000 and $3,000 for the three months ended March 31, 2018 and 2017, respectively. The Company incurred fees of $18,000 and $33,000 for the six months ended March 31, 2018 and 2017, respectively.
Hooper Holmes Agreement
In 2016, we entered into an agreement with Hooper Holmes Inc, in which Dr. Smith, our Chairman of the Board, became an advisory member of its board as of March 16, 2017, and in which Mr. Pappajohn, our director, has participated in equity raises to become the beneficial owner of a greater than 10% interest. Hooper Holmes performs EEGs nationwide to patients who wish to obtain a PEER report. The Company incurred $54,300 and $0 for these services during the three months ended March 31, 2018 and 2017, respectively. The Company incurred $90,700 and $0 for these services during the six months ended March 31, 2018 and 2017, respectively. See “Note 6- Stockholders’ Equity”. |