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Related Party Transactions
12 Months Ended
Jun. 30, 2015
Related Party Transactions  
Related Party Transactions

 

Note 19.  Related Party Transactions

 

The Company had sales of $1.9 million, $2.3 million and $1.3 million during the fiscal years ended June 30, 2015, 2014, and 2013, respectively, to a generic distributor, Auburn Pharmaceutical Company (“Auburn”).  Jeffrey Farber, Chairman of the Board, is the owner of Auburn.  Accounts receivable includes amounts due from Auburn of $727 thousand and $980 thousand at June 30, 2015 and 2014, respectively.  In the Company’s opinion, the terms of these transactions were not more favorable to Auburn than would have been to a non-related party.