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Significant Customers
12 Months Ended
Jun. 30, 2024
Significant Customers [Abstract]  
Significant Customers

Note 9. Significant Customers

 

A significant portion of the Company's business is the production of military and industrial electronic equipment for use by the U.S. and foreign governments and certain industrial customers. Sales to five domestic customers accounted for 81% of total sales in 2024. Sales to five domestic customers accounted for 81% of total sales in 2023. Orders from significant customers may include more than one program and procurement may originate from various divisions of the significant customer. The related accounts receivable balance, as a percentage of the Company's total trade accounts receivable balance, was 79% represented by five customers at June 30, 2024 and 81% represented by five customers at June 30, 2023.

 

Export shipments in fiscal years 2024 and 2023 were $2,350,087 and $549,510, respectively.