XML 58 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related Party Transactions
6 Months Ended
Mar. 31, 2013
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions
The Company sells semiconductor products to Chrontel International Ltd. (Chrontel). Jimmy S.M. Lee, the Company’s Executive Chairman, has been a director of Chrontel since July 1995. Sales to Chrontel were $82,000 and $190,000 during the three months and six months ending March 31, 2013, respectively. Sales to Chrontel were $172,000 and $286,000 during the three months and six months ended March 31, 2012, respectively. Accounts receivable from Chrontel was approximately $44,000 and $30,000 at March 31, 2013 and September 30, 2012, respectively.
The Company purchases ASSP products from Giantec Semiconductor, Inc. (Giantec). At March 31, 2013, the Company had approximately a 19.85% ownership interest in Giantec. The Company’s Executive Chairman, Jimmy S.M. Lee, is a director of Giantec. The Company also provides logistic services to Giantec for which it is reimbursed and received certain licensing fees from Giantec. During the three months and six months ended March 31, 2013, the Company purchased approximately $78,000 and $152,000, respectively, of products from Giantec. During the three months and six months ended March 31, 2012, the Company purchased no products from Giantec. Accounts payable to Giantec was approximately $78,000 and $26,000 at March 31, 2013 and September 30, 2012, respectively. During the three months and six months ended March 31, 2013, the Company provided Giantec services of approximately $18,000 and $36,000, respectively, and received licensing fees from Giantec of approximately $0 and $5,000 , respectively. During the three months and six months ended March 31, 2012, the Company provided Giantec services of approximately $18,000 and $36,000, respectively, and received licensing fees from Giantec of approximately $12,000 and $22,000, respectively. Accounts receivable from Giantec was approximately $6,000 and $12,000 at March 31, 2013 and September 30, 2012, respectively.