Related Party Transactions

9 Months Ended

Mar. 31, 2016

17.

Related Party Transactions

The Company leases their office building and warehouse from a board member and shareholder of the Company. The lease commenced in April 2014 and was amended in January 2016. Related party rent expense amounted to approximately $132,000 and $288,000 for the three and nine months ended March 31, 2016, respectively, and was $78,000 and $234,000 for the three and nine months ended March 31, 2015, respectively.

The Company holds certain notes payables with shareholders and affiliates of board members of the Company, as described in Note 8.

During the nine months ended March 31, 2015, the Company made charitable deduction to a related party foundation in the amount of approximately $1,016,000. The foundation is managed by the former members of AEON. No contributions were made to the foundation by the Company during the nine months ended March 31, 2016.