Related Party Transactions
|6 Months Ended|
Jun. 30, 2020
|Related Party Transactions|
|Related Party Transactions||
Note 10. Related Party Transactions
Due from affiliates
Fathom Realty has loaned monies to other entities controlled by shareholders of the Company.
Due from affiliates consists of the following:
On Target Transactions LLC (“On Target Transactions”) is a transaction management company for real estate agents. Messrs. Harley and Fregenal own a total of 60% of On Target Transactions.
Due to affiliates
Fathom Realty has outstanding monies due to related parties and other entities controlled by shareholders of the Company.
Due to affiliates consists of the following:
Hometown Heroes Holdings, LLC (“Hometown Heroes Holdings”) is a real estate portal that generates real estate leads. Hometown Heroes Holdings is fully owned by Joshua Harley, Marco Fregenal and Glenn Sampson, who are officers (Harley and Fregenal), directors and shareholders of the Company.
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