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Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 483,918 $ 398,797
Restricted cash 50,410 154,073
Trade accounts receivable, less allowance for credit losses of $48,997 and $131,403 as of June 30, 2024 and 2023, respectively 3,444,587 3,721,677
Other receivables 454,390 39,678
Inventories, net 5,593,974 7,403,194
Prepaid expenses 530,356 701,456
Total current assets 10,557,635 12,418,875
Property and equipment, net 1,969,413 2,448,282
Operating lease assets 2,831,417 3,631,780
Intangible assets, net 2,999,975 3,618,275
Goodwill 7,116,614 7,116,614
Other assets 465,505 829,049
Total assets 25,940,559 30,062,875
Current liabilities:    
Accounts payable 2,712,142 4,529,703
Accrued payroll and benefits expense 566,443 877,781
Accrued expense 725,727 891,467
Warranty reserve 120,677 115,637
Line of credit 2,121,667 0
Current portion of finance lease liability 302,998 286,522
Current portion of deferred gain 150,448 150,448
Current portion of operating lease liability 1,004,808 1,075,690
Other liabilities 0 13,744
Total current liabilities 7,704,910 7,940,992
Finance lease liability, net of current portion 1,428,870 1,731,868
Deferred gain, net of current portion 626,866 777,314
Operating lease liability, net of current portion 1,829,608 2,554,450
Other liabilities 189,861 201,725
Total liabilities 11,780,115 13,206,349
Commitments and contingencies
Stockholders' equity:    
Preferred stock, no par value: Authorized 50,000,000 shares; 3,351,000 shares issued and outstanding as of June 30, 2024 and 2023, respectively 7,980,788 7,980,788
Common stock, no par value: Authorized 100,000,000 shares; 5,308,519 shares and 4,044,984 shares issued and outstanding as of June 30, 2024 and 2023, respectively 35,087,825 34,355,315
Accumulated deficit (28,908,169) (25,479,577)
Total stockholders' equity 14,160,444 16,856,526
Total liabilities and stockholders' equity $ 25,940,559 $ 30,062,875