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MAJOR CUSTOMERS AND SUPPLIERS | 6 Months Ended
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Dec. 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 six-month periods ended December 31, 2023 and 2022, is as follows (in thousands, except percentages):
Schedule of sales by major customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended December 31, |
|  | 2023 |  |  | 2022 |
|  | Amount |  |  | Percent of Total |  |  | Amount |  |  | Percent of Total |
Net sales |  | $ | 12,588 |  |  |  | 100 | % |  | $ | 11,282 |  |  |  | 100 | %
Customer concentration: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer 1 |  | $ | 8,437 |  |  |  | 67 | % |  | $ | 7,475 |  |  |  | 66 | %
Customer 2 |  |  | 1,494 |  |  |  | 12 | % |  |  | 1,697 |  |  |  | 15 | %
Customer 3 |  |  | 1,313 |  |  |  | 10 | % |  |  | 1,400 |  |  |  | 12 | %
Total |  | $ | 11,244 |  |  |  | 89 | % |  | $ | 10,572 |  |  |  | 93 | %
|  | Six Months Ended December 31, |
|  | 2023 |  |  | 2022 |
|  | Amount |  |  | Percent of Total |  |  | Amount |  |  | Percent of Total |
Net sales |  | $ | 24,526 |  |  |  | 100 | % |  | $ | 22,369 |  |  |  | 100 | %
Customer concentration: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer 1 |  |  | 16,812 |  |  |  | 69 | % |  |  | 14,957 |  |  |  | 67 | %
Customer 2 |  |  | 2,703 |  |  |  | 11 | % |  |  | 3,852 |  |  |  | 17 | %
Customer 3 |  |  | 1,965 |  |  |  | 8 | % |  |  | 2,317 |  |  |  | 10 | %
Total |  | $ | 21,480 |  |  |  | 88 | % |  | $ | 21,126 |  |  |  | 94 | %
Information with respect to accounts receivable from those customers who comprised more than 10% of our gross accounts receivable at either December 31, 2023 or June 30, 2023, is as follows (in thousands, except percentages):
Schedule of accounts receivable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2023 |  |  | June 30, 2023 |
Total gross accounts receivable |  | $ | 13,169 |  |  |  | 100 | % |  | $ | 9,952 |  |  |  | 100 | %
Customer concentration: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer 1 |  | $ | 9,693 |  |  |  | 74 | % |  | $ | 7,231 |  |  |  | 73 | %
Customer 2 |  |  | 1,716 |  |  |  | 13 | % |  |  | 1,951 |  |  |  | 19 | %
Total. |  | $ | 11,409 |  |  |  | 87 | % |  | $ | 9,182 |  |  |  | 92 | %
During the three months ended December 31, 2023 and 2022 we had four suppliers accounting for 10% or more of total inventory purchases, and during the six months ended December 31, 2023 and 2022, we had three suppliers that accounted for more than 10% of our total inventory purchases. Amounts owed to the fiscal 2024 three most significant suppliers at December 31, 2023, totaled $1.2 million, $300,000 and $115,000, respectively, and at June 30, 2023, totaled $621,000, $158,000 and $41,000, respectively.

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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 -Topic 275 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//275/tableOfContent + Details
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