XML 27 R16.htm IDEA: XBRL DOCUMENT v3.6.0.2
Related Party Transactions
12 Months Ended
Sep. 30, 2016
Related Party Transaction [Line Items]  
Related Party Transactions Disclosure [Text Block]
Related Party Transactions

Shezhen Infinova Limited (Infinova), a Chinese corporation which owns shares of the Company as of September 30, 2016, began serving as a contract manufacturer to the Company for certain of its products in fiscal 2016. In fiscal 2016, the Company procured approximately $2.0 million of products from Infinova. Sales of Vicon products to Infinova were $496,000 in 2016. At September 30, 2016, the Company owed $427,000 to Infinova and Infinova owed $14,000 to the Company resulting from purchases and sales of products.

The Company has entered into a Credit Agreement with NIL Funding Corporation, which is an affiliate of The InterTech Group. The Chairman of the Company’s Board of Directors, Julian A. Tiedemann, serves as the Executive Vice President and Chief Operating Officer of The InterTech Group (see Note 10. Credit Agreement for further information).