XML 28 R11.htm IDEA: XBRL DOCUMENT v3.24.3

Inventories net

12 Months Ended

Jun. 30, 2024

Inventories net

Inventories, net

5. Inventories, net

The components of inventories include the following:

		June 30, 2024				June 30, 2023
Raw materials		$	3,112,428			$	2,999,879
Work in process			2,333,240				2,909,439
Finished goods			2,330,287				2,626,106
Allowance for obsolescence			(1,224,896	)			(1,124,690	)
		$	6,551,059			$	7,410,734

During fiscal years 2024 and 2023, the Company evaluated all allowed items and disposed of approximately $137,000 and $316,000, respectively, of inventory parts and wrote them off against the allowance for obsolescence.

The value of tooling in raw materials, net of the related allowance for obsolescence, was approximately $1.4 million and $1.5 million at June 30, 2024 and 2023, respectively.

X

- References

No definition available.

+ Details

Name:	us-gaap_InventoryDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/330/tableOfContent

+ Details

Name:	us-gaap_InventoryDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration