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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Jun. 30, 2020
Current assets:    
Cash and cash equivalents $ 19,608,801 $ 13,993,032
Restricted cash 66,572 624,202
Accounts receivable, net 2,138,158 670,718
Inventory, net 12,639,062 7,443,257
Note receivable 250,000 0
Prepaid expenses and other assets 1,091,723 1,177,860
Total current assets 35,794,316 23,909,069
Long-term assets:    
Inventory, net 16,307,138 23,190,702
Property and equipment, net 930,679 999,061
Intangible assets, net 191,508 170,151
Operating lease right-of-use assets 4,123,956 584,143
Other assets 49,657 51,461
Total long-term assets 21,602,938 24,995,518
TOTAL ASSETS 57,397,254 48,904,587
Current liabilities:    
Accounts payable 2,920,570 3,748,235
Operating lease liabilities 516,576 622,493
Current maturity of long-term debt 643,000 193,000
Accrued expenses and other liabilities 2,052,958 1,922,332
Total current liabilities 6,133,104 6,486,060
Long-term liabilities:    
Long-term debt, net 322,000 772,000
Noncurrent operating lease liabilities 3,782,296 203,003
Accrued income taxes 9,407 7,947
Total long-term liabilities 4,113,703 982,950
Total liabilities 10,246,807 7,469,010
Commitments and contingencies (Note 9)
Shareholders' equity:    
Common stock, no par value; 50,000,000 shares authorized; 29,852,950 and 28,949,410 shares issued and outstanding at March 31, 2021 and June 30, 2020, respectively 55,932,808 54,342,864
Additional paid-in capital 25,575,521 25,880,165
Accumulated deficit (34,357,882) (38,787,452)
Total shareholders' equity 47,150,447 41,435,577
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 57,397,254 $ 48,904,587