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Inventories
3 Months Ended
Sep. 30, 2025
Inventories  
Inventories

6. Inventories

 

The components of inventories include the following:

 

 

 

September 30,

2025

 

 

June 30,

2025

 

Raw materials

 

$6,606,212

 

 

$4,507,764

 

Work in process

 

 

5,457,125

 

 

 

7,321,779

 

Finished goods

 

 

3,184,185

 

 

 

3,053,726

 

Allowance for obsolescence

 

 

(2,385,349)

 

 

(2,024,431)

 

 

$12,862,173

 

 

$12,858,838

 

 

During the three months ended September 30, 2024, the Company evaluated all allowed items and disposed of approximately $0.1 million of inventory items and wrote them off against the allowance for obsolescence. No inventory items were written off against the allowance for obsolescence during the three months ended September 30, 2025.

 

The value of tooling in raw materials, net of the related allowance for obsolescence, was approximately $0.8 million and $1.1 million as of September 30, 2025 and June 30, 2025, respectively.