Concentration of risk	6 Months Ended
Dec. 31, 2021
Risks and Uncertainties [Abstract]
Concentration of risk	Note 13 - Concentration of risk Credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. As of December 31, 2021 and June 30, 2021, $1,091,758 and $6,651,705, respectively, were deposited with various major financial institutions in the United States. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000. The Company had approximately $0.48 million and $5.4 million, respectively, in excess of the FDIC insurance limit, as of December 31, 2021 and June 30, 2021. Accounts receivable are typically unsecured and derived from revenue earned from customers, thereby exposing the Company to credit risk. The risk is mitigated by the Company’s assessment of its customers’ creditworthiness and its ongoing monitoring of outstanding balances. The Company maintains reserves for estimated credit losses, and such losses have generally been within expectations. Customer and vendor concentration risk For the six months ended December 31, 2021 and 2020, Amazon Vendor and Amazon Seller customers accounted for 89% and 77% of the Company's total revenues, respectively. As of December 31, 2021 and June 30, 2021, accounts receivable from Amazon Vendor and Amazon Seller accounted for 98% and 98% of the Company’s total accounts receivable. For the six months ended December 31, 2021 and 2020, two suppliers accounted for 29% (22% and 7%) and 33% (22% and 11%) of the Company's total purchases, respectively. As of December 31, 2021, accounts payable to one supplier accounted for 17% of the Company’s total accounts payable. As of June 30, 2021, accounts payable to two suppliers accounted for 11% and 10% of the Company’s total accounts payable.

Concentration of risk

6 Months Ended

Dec. 31, 2021

Note 13 - Concentration of risk

Credit risk

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable.

As of December 31, 2021 and June 30, 2021, $1,091,758 and $6,651,705, respectively, were deposited with various major financial institutions in the United States. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000. The Company had approximately $0.48 million and $5.4 million, respectively, in excess of the FDIC insurance limit, as of December 31, 2021 and June 30, 2021.

Accounts receivable are typically unsecured and derived from revenue earned from customers, thereby exposing the Company to credit risk. The risk is mitigated by the Company’s assessment of its customers’ creditworthiness and its ongoing monitoring of outstanding balances. The Company maintains reserves for estimated credit losses, and such losses have generally been within expectations.

Customer and vendor concentration risk

For the six months ended December 31, 2021 and 2020, Amazon Vendor and Amazon Seller customers accounted for 89% and 77% of the Company's total revenues, respectively. As of December 31, 2021 and June 30, 2021, accounts receivable from Amazon Vendor and Amazon Seller accounted for 98% and 98% of the Company’s total accounts receivable.

For the six months ended December 31, 2021 and 2020, two suppliers accounted for 29% (22% and 7%) and 33% (22% and 11%) of the Company's total purchases, respectively. As of December 31, 2021, accounts payable to one supplier accounted for 17% of the Company’s total accounts payable. As of June 30, 2021, accounts payable to two suppliers accounted for 11% and 10% of the Company’s total accounts payable.