MAJOR CUSTOMERS AND SUPPLIERS

6 Months Ended

Dec. 31, 2023

Risks and Uncertainties [Abstract]

MAJOR CUSTOMERS AND SUPPLIERS

NOTE 9. MAJOR CUSTOMERS AND SUPPLIERS

Information with respect to customers that accounted for sales in excess of 10% of our total sales in either of the three-month and the six-month periods ended December 31, 2023 and 2022, is as follows (in thousands, except percentages):

	Three Months Ended December 31,
	2023					2022
	Amount		Percent of Total			Amount		Percent of Total
Net sales	$	12,588		100	%	$	11,282		100	%
Customer concentration:
Customer 1	$	8,437		67	%	$	7,475		66	%
Customer 2		1,494		12	%		1,697		15	%
Customer 3		1,313		10	%		1,400		12	%
Total	$	11,244		89	%	$	10,572		93	%

	Six Months Ended December 31,
	2023					2022
	Amount		Percent of Total			Amount		Percent of Total
Net sales	$	24,526		100	%	$	22,369		100	%
Customer concentration:
Customer 1		16,812		69	%		14,957		67	%
Customer 2		2,703		11	%		3,852		17	%
Customer 3		1,965		8	%		2,317		10	%
Total	$	21,480		88	%	$	21,126		94	%

Information with respect to accounts receivable from those customers who comprised more than 10% of our gross accounts receivable at either December 31, 2023 or June 30, 2023, is as follows (in thousands, except percentages):

	December 31, 2023				June 30, 2023
Total gross accounts receivable	$	13,169	100	%	$	9,952	100	%
Customer concentration:
Customer 1	$	9,693	74	%	$	7,231	73	%
Customer 2		1,716	13	%		1,951	19	%
Total.	$	11,409	87	%	$	9,182	92	%

During the three months ended December 31, 2023 and 2022 we had four suppliers accounting for 10% or more of total inventory purchases, and during the six months ended December 31, 2023 and 2022, we had three suppliers that accounted for more than 10% of our total inventory purchases. Amounts owed to the fiscal 2024 three most significant suppliers at December 31, 2023, totaled $1.2 million, $300,000 and $115,000, respectively, and at June 30, 2023, totaled $621,000, $158,000 and $41,000, respectively.