Note 18 - Related Party Transaction
|3 Months Ended|
Jan. 31, 2020
|Notes to Financial Statements|
|Related Party Transactions Disclosure [Text Block]||
18.Related Party Transaction
The Predecessor had a Management Services Agreement, as amended from time to time, with PGP Advisors, LLC (“PGP”), the Predecessor’s largest shareholder, to provide advisory, consulting and other professional services. Under the terms of the agreement the annual fee for these services was
$2.0million annually thereafter. For the period from
November 1, 2018through
December 5, 2018,the Predecessor incurred
nofees related to this agreement and other agreed upon expenses. These expenses were included in general and administrative expenses on the accompanying consolidated statements of operations. In conjunction with the Business Combination, this agreement was terminated.
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://fasb.org/us-gaap/role/ref/legacyRef