SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)

3 Months Ended

Sep. 30, 2019

SEGMENT INFORMATION AND GEOGRAPHIC DATA [Abstract]

Financial Information by Reportable Segment

Summary financial information by reportable segment is as follows:

	Three Months Ended September 30, 2019
	Online Channels		Traditional		Total
Net sales
Finished jewelry	$	2,977,348	$	880,647	$	3,857,995
Loose jewels		728,282		3,022,144		3,750,426
Total	$	3,705,630	$	3,902,791	$	7,608,421
Product line cost of goods sold
Finished jewelry	$	1,212,873	$	490,037	$	1,702,910
Loose jewels		265,194		1,534,258		1,799,452
Total	$	1,478,067	$	2,024,295	$	3,502,362
Product line gross profit
Finished jewelry	$	1,764,475	$	390,610	$	2,155,085
Loose jewels		463,088		1,487,886		1,950,974
Total	$	2,227,563	$	1,878,496	$	4,106,059
Operating income	$	45,665	$	107,040	$	152,705
Depreciation and amortization	$	49,250	$	75,387	$	124,637
Capital expenditures	$	73,725	$	37,592	$	111,317

	Three Months Ended September 30, 2018
	Online Channels		Traditional		Total
Net sales
Finished jewelry	$	2,115,940	$	438,697	$	2,554,637
Loose Jewels		967,160		3,072,909		4,040,069
Total	$	3,083,100	$	3,511,606		6,594,706
Product line cost of goods sold
Finished jewelry	$	833,389	$	222,649	$	1,056,038
Loose jewels		488,285		1,560,480		2,048,765
Total	$	1,321,674	$	1,783,129	$	3,104,803
Product line gross profit
Finished jewelry	$	1,282,551	$	216,048	$	1,498,599
Loose jewels		478,875		1,512,429		1,991,304
Total	$	1,761,426	$	1,728,477	$	3,489,903
Operating income	$	83,747	$	31,311	$	115,058
Depreciation and amortization	$	28,076	$	80,140	$	108,216
Capital expenditures	$	1,250	$	162,849	$	164,099

Reconciliation of Product Line Cost of Goods Sold to Cost of Goods Sold as Reported in Consolidated Financial Statements

A reconciliation of the Company’s product line cost of goods sold to cost of goods sold as reported in the condensed consolidated financial statements is as follows:

	Three Months Ended September 30,
	2019			2018
Product line cost of goods sold	$	3,502,362		$	3,104,803
Non-capitalized manufacturing and production control expenses		389,877			346,604
Freight out		131,119			99,119
Inventory valuation allowances		23,000			49,000
Other inventory adjustments		(169,734	)		14,222
Cost of goods sold	$	3,876,624		$	3,613,748

Net Sales Data by Geographic Area

The following presents net sales data by geographic area:

	Three Months Ended September 30,
	2019		2018
Net sales:
United States	$	6,763,876	$	5,822,870
International		844,545		771,836
Total	$	7,608,421	$	6,594,706