Related Party Transactions

6 Months Ended

Mar. 31, 2024

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. Prior balances are disclosed below for comparability.

Sales to Eclipse amounted to approximately $9,000 and $42,000 for the three-month periods ended March 31, 2024 and 2023, respectively. Sales to Eclipse amounted to approximately $93,000 and $76,000 for the six-month periods ended March 31, 2024 and 2023, respectively.

A company in which Parizad Olver (Parchi), a former member of the Board of Directors, is the managing partner and has an ownership interest, received a consulting fee of $72,990 in November 2023 for services provided in connection with the sale of the Company’s 2008 Super King Air B200GT SN BY-50.