Note 13. Related Party Transactions

AEG Consulting, a firm owned by one of the Co-Chairmen of the Company’s Board of Directors, received $0 and $10,245 cash compensation for consulting fees for the nine months ended March 31, 2019 and 2018, respectively. On November 2, 2018, the Company granted the Co-Chairman 5,000 RSUs with a fair value on the grant date of $18,900 and stock options to purchase 10,000 shares of the Company’s common stock with a fair value on the grant date of $25,278 for consulting services provided by AEG Consulting. Both awards vest in four equal installments on each of the first four anniversaries of the grant date. The options carry an exercise price of $3.78 and have a term of 7 years.

Total share-based compensation expense related to stock-based awards granted for the Co-Chairman’s consulting services was $31,854 and $8,539 for the nine months ended March 31, 2019 and 2018, respectively.