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MAJOR CUSTOMERS AND SUPPLIERS
6 Months Ended
Dec. 31, 2019
Risks and Uncertainties [Abstract]  
MAJOR CUSTOMERS AND SUPPLIERS

NOTE 8. 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, 2019 and 2018 is as follows (in thousands, except percentages):


 

 

Three Months Ended December 31,

 

 

 

2019

 

 

2018

 

 

 

Amount

 

 

Percent of
Total

 

 

Amount

 

 

Percent of
Total

 

Net sales 

 

$

 7,961

 

 

 

100

%

 

$

 6,399

 

 

 

 100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer concentration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer 1

 

$

 5,655

 

 

 

71

%

 

$

 4,135

 

 

 

 64

%

Customer 2

 

 

 797

 

 

 

10

%

 

 

 365

 

 

 

 6

%

Total

 

$

 6,452

 

 

 

81

%

 

$

 4,500

 

 

 

 70

%


 

 

Six Months Ended December 31,

 

 

 

2019

 

 

2018

 

 

 

Amount

 

 

Percent of
Total

 

 

Amount

 

 

Percent of
Total

 

Net sales

 

$

 15,201

 

 

 

 100

%

 

$

 13,314

 

 

 

 100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer concentration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer 1

 

$

 11,067

 

 

 

 74

%

 

$

 8,449

 

 

 

 64

%

Customer 2

 

 

 1,340

 

 

 

 9

%

 

 

 845

 

 

 

 6

%

Total

 

$

 12,407

 

 

 

 82

%

 

$

 9,294

 

 

 

 70

%


Information with respect to accounts receivable from those customers who comprised more than 10% of our gross accounts receivable at either December 31, 2019 or June 30, 2019, is as follows (in thousands, except percentages):


 

 

December 31, 2019

 

 

June 30, 2019

 

Total gross accounts receivable

 

$

2,700

 

 

 

100

%

 

$

4,100

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer concentration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer 1

 

$

1,754

 

 

 

65

%

 

$

2,587

 

 

 

63

%

Customer 3

 

 

237

 

 

 

9

%

 

 

780

 

 

 

19

%

Total

 

$

1,991

 

 

 

74

%

 

$

3,367

 

 

 

82

%


During the three months ended December 31, 2019 and 2018, we had two suppliers accounting for 10% or more of total inventory purchases. During the six months ended December 31, 2019, we had two suppliers that accounted for more than 10% of our total inventory purchases, and during the six months ended December 31, 2018, we had one supplier that accounted for more than 10% of our total inventory purchases. Amounts owed to the fiscal 2020 significant suppliers at December 31, 2019 totaled $306,000 and $117,000, respectively, and at June 30, 2019 totaled $304,000 and $373,000, respectively.