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Inventories (Tables)

9 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Schedule of components of inventories

The components of inventory were as follows:

		March 31, 2021				June 30, 2020
Parts inventory		$	1,754,396			$	2,270,766
Work in process			62,033				126,726
Finished goods			609,805				826,740
Estimated inventory to be returned			129,778				150,388
Less: Reserve for obsolescence			(300,000	)			(290,000	)
Total		$	2,256,012			$	3,084,620

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- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

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