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MAJOR CUSTOMERS AND SUPPLIERS | 9 Months Ended
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Mar. 31, 2023
Risks and Uncertainties [Abstract] |
MAJOR CUSTOMERS AND SUPPLIERS | NOTE 9. MAJOR CUSTOMERS AND SUPPLIERS Information with respect to customers that accounted for sales in excess of 10% of our total sales in either of the three-month and the nine-month periods ended March 31, 2023 and 2022, is as follows (in thousands, except percentages):
Schedule of sales by major customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
|  | Amount |  |  | Percent of Total |  |  | Amount |  |  | Percent of Total |
Net sales |  | $ | 13,079 |  |  |  | 100 | % |  | $ | 9,265 |  |  |  | 100 | %
Customer concentration: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer 1 |  | $ | 8,622 |  |  |  | 66 | % |  | $ | 5,007 |  |  |  | 54 | %
Customer 2 |  |  | 2,059 |  |  |  | 16 | % |  |  | 2,429 |  |  |  | 26 | %
Total |  | $ | 10,681 |  |  |  | 82 | % |  | $ | 7,436 |  |  |  | 80 | %
|  | Nine Months Ended March 31, |
|  | 2023 |  |  | 2022 |
|  | Amount |  |  | Percent of Total |  |  | Amount |  |  | Percent of Total |
Net sales |  | $ | 35,448 |  |  |  | 100 | % |  | $ | 29,426 |  |  |  | 100 | %
Customer concentration: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer 1 |  | $ | 23,578 |  |  |  | 66 | % |  | $ | 18,721 |  |  |  | 63 | %
Customer 2 |  |  | 5,912 |  |  |  | 17 | % |  |  | 4,617 |  |  |  | 16 | %
Total |  | $ | 29,490 |  |  |  | 83 | % |  | $ | 23,338 |  |  |  | 79 | %
Information with respect to accounts receivable from those customers who comprised more than 10% of our gross accounts receivable at either March 31, 2023 or June 30, 2022, is as follows (in thousands, except percentages):
Schedule of accounts receivable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | March 31, 2023 |  |  | June 30, 2022 |
Total gross accounts receivable |  | $ | 10,567 |  |  |  | 100 | % |  | $ | 15,384 |  |  |  | 100 | %
Customer concentration: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer 1 |  | $ | 7,861 |  |  |  | 74 | % |  | $ | 11,551 |  |  |  | 75 | %
Customer 2 |  |  | 2,100 |  |  |  | 20 | % |  |  | 2,152 |  |  |  | 14 | %
Total. |  | $ | 9,961 |  |  |  | 94 | % |  | $ | 13,703 |  |  |  | 89 | %
During the three and nine months ended March 31, 2023, we had two and three suppliers, respectively, accounting for 10% or more of total inventory purchases. During the three and nine months ended March 31, 2022, we had three and four suppliers, respectively, accounting for 10% or more of total inventory purchases. Amounts owed to the significant suppliers who comprised more than 10% of total accounts payable at either March 31, 2023 or June 30, 2022, is as follows (in thousands, except percentages).
Schedule of accounts payable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | March 31, 2023 |  |  | June 30, 2022 |
Total accounts payable |  | $ | 3,068 |  |  |  | 100 | % |  | $ | 3,761 |  |  |  | 100 | %
Supplier concentration: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Supplier 1 |  | $ | 1,240 |  |  |  | 40 | % |  | $ | 721 |  |  |  | 19 | %
Supplier 2 |  |  | 106 |  |  |  | 4 | % |  |  | 430 |  |  |  | 11 | %
Supplier 3 |  |  | 14 |  |  |  | — | % |  |  | 372 |  |  |  | 10 | %
Total. |  | $ | 1,360 |  |  |  | 44 | % |  | $ | 1,523 |  |  |  | 40 | %

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI https://asc.fasb.org/topic&trid=2134479 + Details
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- References No definition available. + Details
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