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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 5,772,124 $ 10,446,532
Restricted cash 5,315,063 5,122,379
Accounts receivable, net 1,528,476 380,085
Inventory, net 9,879,556 7,476,046
Note receivable 250,000 250,000
Prepaid expenses and other assets 937,767 901,354
Total current assets 23,682,986 24,576,396
Long-term assets:    
Inventory, net 15,882,879 19,277,530
Property and equipment, net 2,638,983 2,491,569
Intangible assets, net 338,222 305,703
Operating lease right-of-use assets 1,872,832 2,183,232
Other assets 49,658 49,658
Total long-term assets 20,782,574 24,307,692
TOTAL ASSETS 44,465,560 48,884,088
Current liabilities:    
Accounts payable 6,049,022 4,786,155
Operating lease liabilities, current portion 892,147 880,126
Accrued expenses and other liabilities 1,404,825 1,395,479
Total current liabilities 8,345,994 7,061,760
Long-term liabilities:    
Noncurrent operating lease liabilities 1,631,724 2,047,742
Total long-term liabilities 1,631,724 2,047,742
Total liabilities 9,977,718 9,109,502
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 December 31, 2023 and 30,912,108 shares issued and 30,523,705 shares outstanding at June 30, 2023 57,242,211 57,242,211
Additional paid-in capital 26,324,537 26,205,919
Treasury stock, at cost, 388,403 shares at both December 31, 2023 and June 30, 2023 (489,979) (489,979)
Accumulated deficit (48,588,927) (43,183,565)
Total shareholders' equity 34,487,842 39,774,586
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 44,465,560 $ 48,884,088