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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2021
Summary of Significant Accounting Policies  
Schedule of accounts receivable concentrations

As of

 

June 30, 

June 30, 

 

2021

  

  

2020

Customer A

14

%

*

* Less than 10%

Schedule of vendor concentration risk percentage

Year Ended

 

June 30, 

 

2021

  

  

2020

Vendor A

20

%

21

%

Vendor B

13

%

13

%

Vendor C

*

10

%

* Less than 10%

Schedule Of foreign currency exchange rate

The following table summarizes the exchange rates used:

 

Year Ended

 

June 30, 

 

2021

    

2020

Period end Euro : US Dollar exchange rate

1.19

1.12

Average period Euro : US Dollar exchange rate

1.19

 

1.11

 

Period end Mexican Peso : US Dollar exchange rate

0.05

 

0.04

Average period Mexican Peso : US Dollar exchange rate

0.05

 

0.05

Schedule of revenue by geographical region

Year Ended

 

June 30, 

 

2021

 

2020

United States

    

$

17,757,521

    

55.9

%  

$

17,219,763

55.4

%

Europe

 

11,590,169

 

36.5

%  

 

11,388,620

 

36.7

%

Rest of World

 

2,408,655

 

7.6

%  

 

2,450,354

 

7.9

%

Total

$

31,756,345

 

100

%  

$

31,058,737

 

100

%

Schedule of accounts receivable by geographical region

Year Ended

 

June 30, 

 

2021

 

2020

United States

    

$

2,798,224

    

59.3

%  

$

2,670,674

60.0

%

Europe

 

1,650,030

 

35.0

%  

 

1,553,706

 

34.9

%

Rest of World

 

269,199

 

5.7

%  

 

224,880

 

5.1

%

Total

$

4,717,453

 

100

%  

$

4,449,260

 

100

%