MAJOR CUSTOMERS AND SUPPLIERS

9 Months Ended

Mar. 31, 2024

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 nine-month periods ended March 31, 2024 and 2023, is as follows (in thousands, except percentages):

	Three Months Ended March 31,
	2024					2023
	Amount		Percent of Total			Amount		Percent of Total
Net sales	$	14,293		100	%	$	13,079		100	%
Customer concentration:
Customer 1	$	10,679		75	%	$	8,622		66	%
Customer 2		1,385		10	%		2,059		16	%
Total	$	12,064		85	%	$	10,681		82	%

	Nine Months Ended March 31,
	2024					2023
	Amount		Percent of Total			Amount		Percent of Total
Net sales	$	38,819		100	%	$	35,448		100	%
Customer concentration:
Customer 1	$	27,491		71	%	$	23,578		66	%
Customer 2		4,087		10	%		5,912		17	%
Total	$	31,578		81	%	$	29,490		83	%

Information with respect to accounts receivable from those customers who comprised more than 10% of our gross accounts receivable at either March 31, 2024 or June 30, 2023, is as follows (in thousands, except percentages):

	March 31, 2024				June 30, 2023
Total gross accounts receivable	$	12,517	100	%	$	9,952	100	%
Customer concentration:
Customer 1.	$	10,117	81	%	$	7,231	73	%
Customer 2.		1,625	13	%		1,951	19	%
Total.	$	11,742	94	%	$	9,182	92	%

During the three and nine months ended March 31, 2024 and 2023, we had two and three suppliers, respectively, accounting for 10% or more of total inventory purchases. Amounts owed to the suppliers who comprised more than 10% of total accounts payable at either March 31, 2024 or June 30, 2023, is as follows (in thousands, except percentages).

	March 31, 2024				June 30, 2023
Total accounts payable	$	3,435	100	%	$	2,261	100	%
Supplier concentration:
Supplier 1.	$	1,014	29	%	$	620	27	%
Supplier 2.		365	11	%		158	7	%
Supplier 3.		349	10	%		41	2	%
Total.	$	1,728	50	%	$	819	36	%