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MAJOR CUSTOMERS & SUPPLIERS

12 Months Ended

Jun. 30, 2022

12.

MAJOR CUSTOMERS & SUPPLIERS

Customers that accounted for more than 10% of our total sales in either of fiscal year 2022 or 2021, is as follows (in thousands, except percentages):

Schedule of sales by major customers
	Years Ended June 30,
	2022					2022
	Amount		Percent of Total			Amount		Percent of Total
Net sales	$	42,041		100	%	$	38,029		100	%

Customer concentration:
Customer 1	$	27,686		66	%	$	22,163		58	%
Customer 2		5,788		14	%		10,122		27	%
Total	$	33,474		80	%	$	32,285		85	%

Information with respect to accounts receivable from those customers who comprised more than 10% of our gross accounts receivable at either June 30, 2022 or June 30, 2021 is as follows (in thousands, except percentages):


	June 30, 2022				June 30, 2021
Total gross accounts receivable	$	15,384	100	%	$	10,935	100	%

Customer concentration:
Customer 1	$	11,551	75	%	$	6,666	61	%
Customer 2		2,152	14	%		3,710	34	%
Total	$	13,703	89	%	$	10,376	95	%

During fiscal 2022 and 2021, we had between two and four suppliers that accounted for more than 10% of total inventory purchases, as follows (in thousands, except percentages):

	June 30, 2022				June 30, 2021
Total inventory purchases	$	19,640	100	%	$	13,844	100	%

Supplier concentration:
Supplier 1	$	2,735	14	%	$	2,238	16	%
Supplier 2		2,335	12	%		2,159	16	%
Supplier 3		2,199	11	%		1,318	9	%
Supplier 4		2,587	13	%		856	6	%
Total	$	9,856	50	%	$	6,571	47	%

Information with respect to accounts payable due to those suppliers who comprised more than 10% of our accounts payable at either June 30, 2022 or June 30, 2021 is as follows (in thousands, except percentages):

	June 30, 2022				June 30, 2021
Total accounts payable	$	3,761	100	%	$	2,288	100	%

Supplier concentration:
Supplier 1	$	721	19	%	$	225	10	%
Supplier 4		430	11	%		153	7	%
Supplier 2		372	10	%		206	9	%
Total	$	1,523	40	%	$	584	26	%