XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 14,116,632 $ 21,302,317
Restricted cash 5,050,000 144,634
Accounts receivable, net 2,671,701 1,662,074
Inventory, net 12,043,187 11,450,141
Note receivable 250,000 250,000
Prepaid expenses and other assets 1,427,801 952,065
Total current assets 35,559,321 35,761,231
Long-term assets:    
Inventory, net 19,571,239 17,722,579
Property and equipment, net 1,151,725 875,897
Intangible assets, net 207,739 209,658
Operating lease right-of-use assets 3,779,395 3,952,146
Deferred income taxes, net 6,228,672 6,350,830
Other assets 49,658 49,658
Total long-term assets 30,988,428 29,160,768
TOTAL ASSETS 66,547,749 64,921,999
Current liabilities:    
Accounts payable 3,752,907 2,774,373
Operating lease liabilities 612,988 566,083
Accrued expenses and other liabilities 1,700,577 2,281,807
Total current liabilities 6,066,472 5,622,263
Long-term liabilities:    
Noncurrent operating lease liabilities 3,418,110 3,600,842
Accrued income taxes 10,349 9,878
Total long-term liabilities 3,428,459 3,610,720
Total liabilities 9,494,931 9,232,983
Commitments and contingencies (Note 9)
Shareholders' equity:    
Common stock, no par value; 50,000,000 shares authorized; 30,339,457 and 29,913,095 shares issued and outstanding at September 30, 2021 and June 30, 2021, respectively 56,454,221 56,057,109
Additional paid-in capital 25,748,258 25,608,593
Accumulated deficit (25,149,661) (25,976,686)
Total shareholders' equity 57,052,818 55,689,016
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 66,547,749 $ 64,921,999