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Revenue Recognition
9 Months Ended
Mar. 31, 2022
Revenue Recognition [Abstract]  
Revenue Recognition 4.    REVENUE RECOGNITION

 

The Company disaggregates its net sales by geographical location as it believes it best depicts how the nature, timing and uncertainty of net sales and cash flows are affected by economic factors. The following table summarizes net sales by geographical location:

 

Three Months Ended

Nine Months Ended

March 31,

March 31,

2022

2021

2022

2021

United States

$

3,735,235

$

2,693,041

$

9,781,357

$

10,291,957

Export

899,317

1,294,411

3,634,149

3,833,580

Net Sales

$

4,634,552

$

3,987,452

$

13,415,506

$

14,125,537

Deferred revenue relates primarily to consumer and customer warranties. These constitute future performance obligations, and the Company defers revenue related to these future performance obligations. In the nine months ended March 31, 2022 and 2021, the Company recognized revenue, which was included in the deferred revenue liability at the beginning of the periods, of $394,963 and $271,179 respectively, for performance obligations related to consumer and customer warranties.  The deferred revenue liability was $593,920 as of June 30, 2020. The Company estimates that the deferred revenue performance obligations are satisfied within one year to three years and therefore uses that same time frame for recognition of the deferred revenue.