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Note 10: Related Party Transactions
12 Months Ended
Dec. 31, 2014
Notes  
Note 10: Related Party Transactions

Note 10:  Related Party Transactions

 

We had sales of $463,423 during the four months ended December 31, 2014, and $419,549 and $99,896 during the years ended August 31, 2014 and 2013, respectively, to entities controlled by a significant stockholder and member of the Board of Directors.  These related party transactions represent approximately 42%, 8% and 3% of total sales for each respective period.

 

As of December 31, 2014, August 31, 2014 and August 31, 2013, receivables include $13,471, $8,322 and $24,201, respectively, from these related parties.