Note 16—Subsequent Event

On January 25, 2018, we entered into a Material Definitive Agreement that resulted in a Second Amendment with Rich Dad Operating Company, LLC License Agreement that amends certain terms of the Rich Dad Operating, Company, LLC License Agreement dated September 1, 2013 by and between Rich Dad Operating Company, LLC (“RDOC”) and us (the “2013 License Agreement”) and extends the term of the 2013 License Agreement to September 1, 2019. In addition, the Company and two of its officers, and RDOC and certain individuals affiliated with RDOC entered into a Mutual Waiver and Release of Claims. (See the Form 8-K filed on January 29, 2018 for further details.)

We have evaluated significant events and transactions that occurred after the balance sheet date through April 2, 2018 and determined that there were no other events or transactions that would require recognition or disclosure in our consolidated financial statements for the year ended December 31, 2017.