RELATED PARTY TRANSACTIONS
|9 Months Ended|
Sep. 30, 2021
|RELATED PARTY TRANSACTIONS|
|RELATED PARTY TRANSACTIONS||
9. RELATED PARTY TRANSACTIONS
The Company leases 5 distribution warehouses and retail stores from certain employees. The Company recorded rent expense related to these leases of $142 and $159 for the three months ended September 30, 2021 and 2020, respectively, and $437 and $480 for the nine months ended September 30, 2021 and 2020, respectively. Rent expense related to these leases is included in related party expenses in the Company’s consolidated statements of operations and comprehensive (loss) income.
In connection with the execution of the New Credit Agreement, Kanders & Company, Inc., a company controlled by Warren Kanders, our Chief Executive Officer, received compensation from Cadre of $1,000.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef