XML 27 R17.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

MAJOR CUSTOMERS AND SUPPLIERS | 9 Months Ended
--- | ---
Mar. 31, 2024
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, 2024 and 2023, is as follows (in thousands, except percentages):
Schedule of sales by major customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
|  | Amount |  |  | Percent of Total |  |  | Amount |  |  | Percent of Total |
Net sales |  | $ | 14,293 |  |  |  | 100 | % |  | $ | 13,079 |  |  |  | 100 | %
Customer concentration: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer 1 |  | $ | 10,679 |  |  |  | 75 | % |  | $ | 8,622 |  |  |  | 66 | %
Customer 2 |  |  | 1,385 |  |  |  | 10 | % |  |  | 2,059 |  |  |  | 16 | %
Total |  | $ | 12,064 |  |  |  | 85 | % |  | $ | 10,681 |  |  |  | 82 | %
|  | Nine Months Ended March 31, |
|  | 2024 |  |  | 2023 |
|  | Amount |  |  | Percent of Total |  |  | Amount |  |  | Percent of Total |
Net sales |  | $ | 38,819 |  |  |  | 100 | % |  | $ | 35,448 |  |  |  | 100 | %
Customer concentration: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer 1 |  | $ | 27,491 |  |  |  | 71 | % |  | $ | 23,578 |  |  |  | 66 | %
Customer 2 |  |  | 4,087 |  |  |  | 10 | % |  |  | 5,912 |  |  |  | 17 | %
Total |  | $ | 31,578 |  |  |  | 81 | % |  | $ | 29,490 |  |  |  | 83 | %
Information with respect to accounts receivable from those customers who comprised more than 10% of our gross accounts receivable at either March 31, 2024 or June 30, 2023, is as follows (in thousands, except percentages):
Schedule of accounts receivable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | March 31, 2024 |  |  | June 30, 2023 |
Total gross accounts receivable |  | $ | 12,517 |  |  |  | 100 | % |  | $ | 9,952 |  |  |  | 100 | %
Customer concentration: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer 1. |  | $ | 10,117 |  |  |  | 81 | % |  | $ | 7,231 |  |  |  | 73 | %
Customer 2. |  |  | 1,625 |  |  |  | 13 | % |  |  | 1,951 |  |  |  | 19 | %
Total. |  | $ | 11,742 |  |  |  | 94 | % |  | $ | 9,182 |  |  |  | 92 | %
During the three and nine months ended March 31, 2024 and 2023, we had two and three suppliers, respectively, accounting for 10% or more of total inventory purchases. Amounts owed to the suppliers who comprised more than 10% of total accounts payable at either March 31, 2024 or June 30, 2023, is as follows (in thousands, except percentages).
Schedule of accounts payable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | March 31, 2024 |  |  | June 30, 2023 |
Total accounts payable |  | $ | 3,435 |  |  |  | 100 | % |  | $ | 2,261 |  |  |  | 100 | %
Supplier concentration: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Supplier 1. |  | $ | 1,014 |  |  |  | 29 | % |  | $ | 620 |  |  |  | 27 | %
Supplier 2. |  |  | 365 |  |  |  | 11 | % |  |  | 158 |  |  |  | 7 | %
Supplier 3. |  |  | 349 |  |  |  | 10 | % |  |  | 41 |  |  |  | 2 | %
Total. |  | $ | 1,728 |  |  |  | 50 | % |  | $ | 819 |  |  |  | 36 | %

X
- 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
Name: | us-gaap_ConcentrationRiskDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RisksAndUncertaintiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration