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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2020
Summary of Significant Accounting Policies  
Schedule of Concentration of Risk

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

June 30, 

 

 

    

2020

  

  

2019

 

Vendor A

 

21

%

 

17

%

Vendor B

 

13

%

 

12

%

Vendor C

 

10

%

 

10

%

 

Schedule Of Foreign Currency Exchange Rate

The following table summarizes the exchange rates used:

 

 

 

 

 

 

 

Year Ended

 

 

June 30, 

 

    

2020

    

2019

Period end Euro : US Dollar exchange rate

 

1.12

 

1.14

Average period Euro : US Dollar exchange rate

 

1.14

 

1.14

 

 

 

 

 

Period end Mexican Peso : US Dollar exchange rate

 

0.04

 

0.05

Average period Mexican Peso : US Dollar exchange rate

 

0.05

 

0.05

 

Schedule of revenue by geographical region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

June 30,

 

 

 

2020

 

 

2019

 

United States

    

$

17,528,224

    

56.4

%  

 

$

16,169,217

 

56.2

%

Europe

 

 

10,686,667

 

34.4

%  

 

 

10,485,997

 

36.4

%

Rest of World

 

 

2,843,846

 

9.2

%  

 

 

2,138,708

 

7.4

%

Total

 

$

31,058,737

 

100

%  

 

$

28,793,922

 

100

%

 

Schedule of accounts receivable by geographical region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

June 30,

 

 

 

2020

 

 

2019

 

United States

    

$

2,670,674

    

60.0

%  

 

$

2,616,197

 

58.2

%

Europe

 

 

1,553,706

 

34.9

%  

 

 

1,418,571

 

31.6

%

Rest of World

 

 

224,880

 

5.1

%  

 

 

458,401

 

10.2

%

Total

 

$

4,449,260

 

100

%  

 

$

4,493,169

 

100

%