XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 11,568,995 $ 15,668,361
Restricted cash 5,054,778 5,510,979
Accounts receivable, net 1,558,401 2,220,816
Inventory, net 12,092,385 11,024,276
Note receivable 0 250,000
Prepaid expenses and other assets 1,375,093 1,190,012
Total current assets 31,649,652 35,864,444
Long-term assets:    
Inventory, net 24,476,083 22,488,524
Property and equipment, net 2,196,099 1,901,176
Intangible assets, net 265,710 265,730
Operating lease right-of-use assets 2,638,400 2,787,419
Deferred income taxes, net 6,154,860 5,851,904
Note receivable 250,000 0
Other assets 50,212 49,658
Total long-term assets 36,031,364 33,344,411
TOTAL ASSETS 67,681,016 69,208,855
Current liabilities:    
Accounts payable 4,718,048 4,401,229
Operating lease liabilities, current portion 862,401 856,571
Accrued expenses and other liabilities 1,135,536 1,546,483
Total current liabilities 6,715,985 6,804,283
Long-term liabilities:    
Noncurrent operating lease liabilities 2,653,039 2,846,805
Total long-term liabilities 2,653,039 2,846,805
Total liabilities 9,369,024 9,651,088
Commitments and contingencies (Note 9)
Shareholders' equity:    
Common stock, no par value; 50,000,000 shares authorized; 30,733,358 shares issued and 30,344,955 shares outstanding at September 30, 2022 and 30,778,046 shares issued and 30,747,759 shares outstanding at June 30, 2022 57,242,211 57,242,211
Additional paid-in capital 26,052,723 25,956,491
Treasury stock, at cost, 388,403 shares and 30,287 shares at September 30, 2022 and June 30, 2022, respectively (489,979) (38,164)
Accumulated deficit (24,492,963) (23,602,771)
Total shareholders' equity 58,311,992 59,557,767
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 67,681,016 $ 69,208,855