8. Related Party Transactions

 

The former owner of Nexus, who is now an employee of the Company, owns and operates a Control4 authorized distributorship in Dubai. The following table sets forth revenue from product sales to that distributor for the period from the acquisition date to March 31, 2015 (in thousands):

 

 

As of March 31, 2015, the Company had accounts receivable from this related party totaling $0.3 million. Original purchase and payment terms with this related party are consistent with other non-affiliated companies. Pursuant to the purchase agreement, future purchases will require cash payment in advance of delivery, and the former owner has agreed to use his best efforts to sell the distributorship.