Revenue Recognition

9 Months Ended

Mar. 31, 2023

Revenue Recognition [Abstract]

Revenue Recognition

5.    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,
	2023		2022		2023		2022
United States	$	2,717,144	$	3,735,235	$	7,589,385	$	9,781,357
Export		652,016		899,317		2,406,235		3,634,149
Net Sales	$	3,369,160	$	4,634,552	$	9,995,620	$	13,415,506

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. Effective July 1, 2022, the Company decreased its deferral rates from 3% to 2.4% for domestic sales and from 14% to 10% for export sales to reflect recent warranty experience. In the nine months ended March 31, 2023 and 2022, the Company recognized revenue which was included in the deferred revenue liability at the beginning of the periods of $284,584 and $394,963 respectively, for performance obligations related to consumer and customer warranties. The deferred revenue liability was $713,101 and $883,564, respectively, as of June 30, 2022 and 2021. 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.

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