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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Sep. 30, 2019
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 12,243,719 $ 12,465,483
Restricted cash 356,191 541,062
Accounts receivable, net 2,000,613 1,962,471
Inventory, net 11,787,226 11,909,792
Prepaid expenses and other assets 1,408,993 989,559
Total current assets 27,796,742 27,868,367
Long-term assets:    
Inventory, net 24,178,349 21,823,928
Property and equipment, net 1,013,308 1,026,098
Intangible assets, net 101,165 97,373
Operating lease right-of-use assets 883,832 0
Other assets 328,328 330,615
Total long-term assets 26,504,982 23,278,014
TOTAL ASSETS 54,301,724 51,146,381
Current liabilities:    
Accounts payable 4,563,460 3,372,172
Operating lease liabilities 609,988 0
Accrued expenses and other liabilities 926,118 1,325,608
Total current liabilities 6,099,566 4,697,780
Long-term liabilities:    
Noncurrent operating lease liabilities 632,038 0
Deferred rent 0 236,745
Accrued income taxes 498,917 492,832
Total long-term liabilities 1,130,955 729,577
Total liabilities 7,230,521 5,427,357
Commitments and contingencies (Note 9)
Shareholders' equity:    
Common stock, no par value; 50,000,000 shares authorized; 28,981,910 and 28,027,569 shares issued and outstanding at September 30, 2019 and June 30, 2019, respectively 54,342,864 54,342,864
Additional paid-in capital 25,633,007 24,488,147
Accumulated deficit (32,904,668) (33,111,987)
Total shareholders' equity 47,071,203 45,719,024
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 54,301,724 $ 51,146,381