Related Party Transactions

12 Months Ended

Jun. 30, 2017

Related Party Transactions [Abstract]

Related Party Transactions

8. Related Party Transactions

Stavros G. Vizirgianakis was appointed to Misonix’s Board of Directors on May 7, 2013 and became the Company’s CEO in December 2016. Applied BioSurgical, a company formerly owned by Mr. Vizirgianakis’ father and now owned by his brother, is an independent distributor for the Company outside of the United States.

Set forth below is a table showing the Company’s net sales for each of the past three fiscal years and accounts receivable at June 30 for the indicated time periods below with Applied BioSurgical:

	For the years ended June 30:
Applied BioSurgical	2017		2016		2015
Sales	$	580,888	$	559,787	$	540,185
Accounts receivable	$	192,984	$	272,421	$	294,683

On October 25, 2016, the Company sold 761,469 shares of Common Stock in a private placement to Stavros G. Vizirgianakis, the Company’s current Chief Executive Officer, at a price per share of $5.253, representing total cash proceeds to the Company of approximately $4.0 million.