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Note 7 - Inventories
9 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Inventory Disclosure [Text Block]

7. Inventories

 

The components of inventories include the following:

 

  

March 31,

  

June 30,

 
  

2026

  

2025

 

Raw materials

 $7,152,348  $4,507,764 

Work in process

  6,088,970   7,321,779 

Finished goods

  2,468,766   3,053,726 

Allowance for obsolescence

  (2,365,379)  (2,024,431)

Total inventories, net

 $13,344,705  $12,858,838 

 

During the nine months ended March 31, 2026 and 2025, the Company evaluated all allowed items and disposed of approximately $0.2 million and $0.1 million, respectively, of inventory items 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 $0.8 million and $1.1 million as of March 31, 2026 and June 30, 2025, respectively.