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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 16,260,765 $ 21,302,317
Restricted cash 5,050,000 144,634
Accounts receivable, net 3,647,127 1,662,074
Inventory, net 12,492,151 11,450,141
Note receivable 250,000 250,000
Prepaid expenses and other assets 1,781,448 952,065
Total current assets 39,481,491 35,761,231
Long-term assets:    
Inventory, net 19,348,160 17,722,579
Property and equipment, net 1,417,380 875,897
Intangible assets, net 233,400 209,658
Operating lease right-of-use assets 3,605,817 3,952,146
Deferred income taxes, net 5,945,671 6,350,830
Other assets 49,658 49,658
Total long-term assets 30,600,086 29,160,768
TOTAL ASSETS 70,081,577 64,921,999
Current liabilities:    
Accounts payable 4,870,745 2,774,373
Operating lease liabilities 774,024 566,083
Accrued expenses and other liabilities 2,487,724 2,281,807
Total current liabilities 8,132,493 5,622,263
Long-term liabilities:    
Noncurrent operating lease liabilities 3,230,281 3,600,842
Accrued income taxes 10,821 9,878
Total long-term liabilities 3,241,102 3,610,720
Total liabilities 11,373,595 9,232,983
Commitments and contingencies (Note 9)
Shareholders' equity:    
Common stock, no par value; 50,000,000 shares authorized; 30,595,047 and 29,913,095 shares issued and outstanding at December 31, 2021 and June 30, 2021, respectively 56,902,098 56,057,109
Additional paid-in capital 25,787,933 25,608,593
Accumulated deficit (23,982,049) (25,976,686)
Total shareholders' equity 58,707,982 55,689,016
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 70,081,577 $ 64,921,999