Accrued Salaries and Payroll Taxes - Related Parties and Other
 6 Months Ended
Dec. 31, 2019
Accrued Salaries and Payroll Taxes - Related Parties and Other  
Note 6. Accrued Salaries and Payroll Taxes - Related Parties and Other

Accrued salaries and payroll taxes consisted of the following (rounded to nearest thousand):

 

 

December 31,

2019

 

June 30,

2019

 

Accrued salaries - related parties

 

$

2,725,000

 

$

2,999,000

 

Accrued salaries – ex- President and Chief Medical Officer

 

425,000

 

-

 

Accrued payroll taxes - related parties

 

132,000

 

130,000

 

Accrued salaries

 

29,000

 

-

 

Withholding tax – payroll & other taxes

 

47,000

 

33,000

 

Total

 

$

3,358,000

 

$

3,162,000

 

The Company has accrued payroll to Dr. Krishna Menon, ex-President of Research of approximately $1,443,000 for his past services with the Company, and this amount was included in Accrued salaries – related parties. Dr. Krishna Menon’s employment was terminated with the Company on September 18, 2018, and Dr. Krishna Menon resigned from the Company’s Board of Directors on December 11, 2018. Dr. Menon, on behalf of himself and Kard Scientific, a company controlled by the Menon family, Dr. Krishna Menon, Anita Menon, Rajah Menon, and Doret Menon, demanded payment of these amounts in October 2019; however, the Company disputes the underlying basis for these amounts and notified Dr. Menon in November 2019 of the Company’s intent not to pay them.