SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)

3 Months Ended

Sep. 30, 2022

SEGMENT INFORMATION AND GEOGRAPHIC DATA [Abstract]

Summary Financial Information by Reportable Segment

Summary financial information by reportable segment is as follows:

	Three Months Ended September 30, 2022
	Online Channels			Traditional			Total
Net sales
Finished jewelry	$	4,403,589		$	1,136,817		$	5,540,406
Loose jewels		448,897			1,384,780			1,833,677
Total	$	4,852,486		$	2,521,597		$	7,374,083
Product line cost of goods sold
Finished jewelry	$	1,970,111		$	636,588		$	2,606,699
Loose jewels		162,699			662,924			825,623
Total	$	2,132,810		$	1,299,512		$	3,432,322
Product line gross profit
Finished jewelry	$	2,433,478		$	500,229		$	2,933,707
Loose jewels		286,198			721,856			1,008,054
Total	$	2,719,676		$	1,222,085		$	3,941,761
Operating loss	$	(609,545	)	$	(623,804	)	$	(1,233,349	)
Depreciation and amortization	$	63,387		$	74,324		$	137,711
Capital expenditures	$	136,988		$	293,412		$	430,400

	Three Months Ended September 30, 2021
	Online Channels		Traditional		Total
Net sales
Finished jewelry	$	4,486,958	$	1,199,329	$	5,686,287
Loose jewels		882,847		3,711,177		4,594,024
Total	$	5,369,805	$	4,910,506	$	10,280,311
Product line cost of goods sold
Finished jewelry	$	1,711,224	$	623,258	$	2,334,482
Loose jewels		314,105		1,745,341		2,059,446
Total	$	2,025,329	$	2,368,599	$	4,393,928
Product line gross profit
Finished jewelry	$	2,775,734	$	576,071	$	3,351,805
Loose jewels		568,742		1,965,836		2,534,578
Total	$	3,344,476	$	2,541,907	$	5,886,383
Operating income	$	321,671	$	627,662	$	949,333
Depreciation and amortization	$	67,702	$	56,510	$	124,212
Capital expenditures	$	59,260	$	338,861	$	398,121

Reconciliation of Product Line Cost of Goods Sold

A reconciliation of the Company’s product line cost of goods sold to cost of goods sold as reported in the condensed consolidated financial statements is as follows:

	Three Months Ended September 30,
	2022			2021
Product line cost of goods sold	$	3,432,322		$	4,393,928
Non-capitalized manufacturing and production control expenses		377,053			342,401
Freight out		275,737			217,506
Inventory write-downs		119,000			232,000
Other inventory adjustments		(118,102	)		(169,285	)
Cost of goods sold	$	4,086,010		$	5,016,550

Net Sales by Geographic Area

The following presents net sales data by geographic area:

	Three Months Ended September 30,
	2022			2021
Net sales:
United States		$	7,095,373		$	9,824,730
International			278,710			455,581
Total		$	7,374,083		$	10,280,311