Related Party Transactions

6 Months Ended

Mar. 31, 2023

Related Party Transactions

Related Party Transactions

7. Related Party Transactions

In recent years, the Company has had sales to AML Global Eclipse, LLC, (“Eclipse”), whose principal shareholder is also a principal shareholder in the Company. Eclipse is a new related party for fiscal year 2022 due to their president acquiring more that 10% in shares of the company. Prior balances are disclosed below for comparability.

Sales to Eclipse amounted to $0.04 million and $0.22 million for the three-month periods ended March 31, 2023 and 2022, respectively. Sales to Eclipse amounted to $0.08 million and $0.52 million for the six month periods ended March 31, 2023 and 2022, respectively. As of March 31, 2023 and September 30, 2022, a contract liability to Eclipse was $0.05 million and $0.12 million, respectively.