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Inventories, net
6 Months Ended
Dec. 31, 2023
Inventory Disclosure [Abstract]  
Inventories, net

Note 7 – Inventories, net

 

As of December 31, 2023 and June 30, 2023, inventories consisted of finished goods ready for sale, net of allowance for obsolescence, amounted to $15,782,322 and $20,593,889, respectively.

 

For the three and six months ended December 31, 2023, the Company recorded inventory reserve expense of $117,563 and $222,755, respectively. For the three and six months ended December 31, 2022, the Company recorded inventory reserve expense of $74,998 and $74,998, respectively. As of December 31, 2023 and June 30, 2023, allowance for obsolescence was $781,655 and $558,899, respectively.