Quarterly report pursuant to Section 13 or 15(d)

Related Parties

Related Parties
3 Months Ended
Nov. 30, 2020
Related Parties.  
Related Parties

Note 7: Related Parties

J. Stephen Holmes, our non-employee sales manager, is an advisor to and significant stockholder of the Company. The Company incurred $180,000 in professional fees for services provided by Mr. Holmes in each of the three month periods ended November 30, 2020, and 2019, respectively.


During the three month period ended November 30, 2020, we made one-time payments to certain of our employees totaling approximately $570,000 in connection with their agreement to relocate from California to our new principal executive offices in Miami, Florida.  Included among these was a payment to Mr. Absher of $160,000, and to Amanda Murphy, our Director of Operations and a member of our Board, of $80,000.