MAJOR CUSTOMERS AND SUPPLIERS

6 Months Ended

Dec. 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 or the six-month periods ended December 31, 2024 and 2023, is as follows (in thousands, except percentages):

	Three Months Ended December 31,
	2024					2023
	Amount		Percent of Total			Amount		Percent of Total
Net sales	$	16,793		100	%	$	12,588		100	%
Customer concentration:
Customer 1	$	13,515		80	%	$	8,437		67	%
Customer 2		1,784		11	%		1,494		12	%
Customer 3		804		5	%		1,313		10	%
Total	$	16,103		96	%	$	11,244		89	%

	Six Months Ended December 31,
	2024					2023
	Amount		Percent of Total			Amount		Percent of Total
Net sales	$	31,686		100	%	$	24,526		100	%
Customer concentration:
Customer 1		24,892		79	%		16,812		69	%
Customer 2		3,621		11	%		2,703		11	%
Customer 3		1,564		5	%		1,965		8	%
Total	$	30,077		95	%	$	21,480		88	%

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

	December 31, 2024				June 30, 2024
Total gross accounts receivable	$	18,494	100	%	$	13,887	100	%
Customer concentration:
Customer 1	$	15,582	84	%	$	10,488	76	%
Customer 2		2,226	12	%		2,423	17	%
Total.	$	17,808	96	%	$	12,911	93	%

During the three months ended December 31, 2024 and 2023, we had three and four suppliers, respectively, that accounted for 10% or more of total inventory purchases, and during the six months ended December 31, 2024 and 2023, 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, 2024, totaled $1.8 million, $657,000 and $485,000, respectively, and at June 30, 2024, totaled $1.4 million, $372,000 and $416,000, respectively.