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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 15,668,361 $ 21,302,317
Restricted cash 5,510,979 144,634
Accounts receivable, net 2,220,816 1,662,074
Inventory, net 11,024,276 11,450,141
Note receivable 250,000 250,000
Prepaid expenses and other assets 1,190,012 952,065
Total current assets 35,864,444 35,761,231
Long-term assets:    
Inventory, net 22,488,524 17,722,579
Property and equipment, net 1,901,176 875,897
Intangible assets, net 265,730 209,658
Operating lease right-of-use assets 2,787,419 3,952,146
Deferred income taxes, net 5,851,904 6,350,830
Other assets 49,658 49,658
Total long-term assets 33,344,411 29,160,768
TOTAL ASSETS 69,208,855 64,921,999
Current liabilities:    
Accounts payable 4,401,229 2,774,373
Operating lease liabilities, current portion 856,571 566,083
Accrued expenses and other liabilities 1,546,483 2,281,807
Total current liabilities 6,804,283 5,622,263
Long-term liabilities:    
Noncurrent operating lease liabilities 2,846,805 3,600,842
Accrued income taxes 0 9,878
Total long-term liabilities 2,846,805 3,610,720
Total liabilities 9,651,088 9,232,983
Commitments and contingencies (Note 10)
Shareholders' equity:    
Common stock, no par value; 50,000,000 shares authorized; 30,778,046 shares issued and 30,747,759 shares outstanding at June 30, 2022 and 29,913,095 shares issued and outstanding at June 30, 2021 57,242,211 56,057,109
Additional paid-in capital 25,956,491 25,608,593
Treasury stock, at cost, 30,287 shares and 0 shares at June 30, 2022 and 2021, respectively (38,164) 0
Accumulated deficit (23,602,771) (25,976,686)
Total shareholders' equity 59,557,767 55,689,016
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 69,208,855 $ 64,921,999