RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2018

RELATED PARTY TRANSACTIONS [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 18 – RELATED PARTY TRANSACTIONS

The Company provides services on a contractual agreement to St. Gabriel CC Company, LLC. These services include accounting, information technology, quality control, and purchasing services, as well as operation of the St. Gabriel CC Company, LLC plant. The Company also sells raw materials to St. Gabriel CC Company, LLC. In return, St. Gabriel CC Company, LLC provides choline chloride finished goods. The services the Company provided amounted to $927 and $878, respectively, for the three months ended March 31, 2018 and 2017. The raw materials sold amounted to $7,278 and $4,348, respectively, for the three months ended March 31, 2018 and 2017. These services and raw materials are primarily recorded, net of the finished goods received from St. Gabriel CC Company, LLC of $6,036 and $4,685, respectively for the three months ended March 31, 2018 and 2017, in cost of goods sold. At March 31, 2018, the Company had a receivable of $3,313, recorded in accounts receivable from St. Gabriel CC Company, LLC for services rendered and raw materials sold and a payable of $2,228 for finished goods received recorded in accrued expenses. In addition, the Company had a receivable in the amount of $8 related to non-contractual monies owed from St. Gabriel CC Company, LLC, recorded in receivables.