XML 38 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Related Party Transactions
3 Months Ended
Sep. 30, 2017
Related Party Transactions  
Related Party Transactions

Note 20.  Related Party Transactions

 

The Company had sales of $834 thousand and $856 thousand during the three months ended September 30, 2017 and 2016, 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 $716 thousand and $751 thousand at September 30, 2017 and June 30, 2017, respectively.

 

The Company also had sales of $467 thousand and $67 thousand during the three months ended September 30, 2017 and 2016, respectively, to a generic distributor, KeySource.  Albert Paonessa, a current board member, was appointed the CEO of KeySource in May 2017.  Accounts receivable includes amounts due from KeySource of $491 thousand and $606 thousand as of September 30, 2017 and June 30, 2017, respectively.