Related Party Transactions

6 Months Ended

Dec. 31, 2019

Related Party Transactions

Related Party Transactions

Note 18.  Related Party Transactions

The Company had sales of $0.6 million and $1.0 million during the three months ended December 31, 2019 and 2018, respectively, to a generic distributor, Auburn Pharmaceutical Company (“Auburn”), which is a member of the Premier Buying Group. Sales to Auburn for the six months ended December 31, 2019 and 2018 were $1.3 million and $1.5 million, respectively. Jeffrey Farber, a current board member, is the owner of Auburn.  Accounts receivable includes amounts due from Auburn of $0.4 million and $1.2 million at December 31, 2019 and June 30, 2019, respectively.

The Company also had sales of $0.5 million and $0.9 million during the three months ended December 31, 2019 and 2018, respectively, to a generic distributor, KeySource, which is a member of the OptiSource Buying Group. Sales to KeySource for the six months ended December 31, 2019 and 2018 were $1.2 million and $1.5 million, respectively. Albert Paonessa a board member until January 22, 2020, was appointed the CEO of KeySource in May 2017.  Accounts receivable includes amounts due from KeySource of $0.5 million and $0.7 million as of December 31, 2019 and June 30, 2019, respectively.