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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 10,914,584 $ 15,668,361
Restricted cash 5,056,044 5,510,979
Accounts receivable, net 933,553 2,220,816
Inventory, net 7,889,917 11,024,276
Note receivable 0 250,000
Prepaid expenses and other assets 883,814 1,190,012
Total current assets 25,677,912 35,864,444
Long-term assets:    
Inventory, net 25,439,369 22,488,524
Property and equipment, net 2,317,738 1,901,176
Intangible assets, net 301,310 265,730
Operating lease right-of-use assets 2,336,334 2,787,419
Deferred income taxes, net 0 5,851,904
Note receivable 250,000 0
Other assets 50,387 49,658
Total long-term assets 30,695,138 33,344,411
TOTAL ASSETS 56,373,050 69,208,855
Current liabilities:    
Accounts payable 3,116,810 4,401,229
Operating lease liabilities, current portion 874,177 856,571
Accrued expenses and other liabilities 1,143,192 1,546,483
Total current liabilities 5,134,179 6,804,283
Long-term liabilities:    
Noncurrent operating lease liabilities 2,251,581 2,846,805
Total long-term liabilities 2,251,581 2,846,805
Total liabilities 7,385,760 9,651,088
Commitments and contingencies (Note 9)
Shareholders' equity:    
Common stock, no par value; 50,000,000 shares authorized; 30,912,108 shares issued and 30,523,705 shares outstanding at March 31, 2023 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 26,165,810 25,956,491
Treasury stock, at cost, 388,403 shares and 30,287 shares at March 31, 2023 and June 30, 2022, respectively (489,979) (38,164)
Accumulated deficit (33,930,752) (23,602,771)
Total shareholders' equity 48,987,290 59,557,767
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 56,373,050 $ 69,208,855