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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 16,861,685 $ 21,302,317
Restricted cash 5,050,000 144,634
Accounts receivable, net 1,565,541 1,662,074
Inventory, net 13,440,016 11,450,141
Note receivable 250,000 250,000
Prepaid expenses and other assets 1,328,244 952,065
Total current assets 38,495,486 35,761,231
Long-term assets:    
Inventory, net 19,063,408 17,722,579
Property and equipment, net 1,781,966 875,897
Intangible assets, net 242,554 209,658
Operating lease right-of-use assets 2,935,124 3,952,146
Deferred income taxes, net 5,867,662 6,350,830
Other assets 49,658 49,658
Total long-term assets 29,940,372 29,160,768
TOTAL ASSETS 68,435,858 64,921,999
Current liabilities:    
Accounts payable 3,130,684 2,774,373
Operating lease liabilities 850,781 566,083
Accrued expenses and other liabilities 2,053,873 2,281,807
Total current liabilities 6,035,338 5,622,263
Long-term liabilities:    
Noncurrent operating lease liabilities 3,039,216 3,600,842
Accrued income taxes 11,292 9,878
Total long-term liabilities 3,050,508 3,610,720
Total liabilities 9,085,846 9,232,983
Commitments and contingencies (Note 9)
Shareholders' equity:    
Common stock, no par value; 50,000,000 shares authorized; 30,688,796 and 29,913,095 shares issued and outstanding at March 31, 2022 and June 30, 2021, respectively 57,066,143 56,057,109
Additional paid-in capital 25,927,410 25,608,593
Accumulated deficit (23,643,541) (25,976,686)
Total shareholders' equity 59,350,012 55,689,016
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 68,435,858 $ 64,921,999