ESCC » Topics » 14. Related Party Transactions:

This excerpt taken from the ESCC 8-K filed Jul 14, 2006.

14.       Related Party Transactions:

The Company recognized contract revenue, in the ordinary course of business, from Evans and Sutherland Computer Corporation (“E&S”), an entity which has entered into a stock purchase agreement with the Company (see Note 15). Billings related to contract revenue amounted to $77,473 and $103,977 during 2006 and 2005, respectively. Accounts Receivable related to these billings at January 31, 2006 and January 31, 2005 amounted to $77,473 and $27,094, respectively. During 2006 Company purchases from E&S for customer contract deliverables amounted to $140,000. There were no Company purchases from E&S in 2005.

 

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