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MAJOR CUSTOMERS & SUPPLIERS (Tables)
12 Months Ended
Jun. 30, 2020
Risks and Uncertainties [Abstract]  
Schedule of sales by major customers

Customers that accounted for sales in excess of 10% of our total sales in either of fiscal year 2020 or 2019, is as follows (in thousands, except percentages):

 

 

 

Years Ended June 30,

 

 

 

2020

 

 

2019

 

 

 

Amount

 

 

 

 

 

Amount

 

 

 

 

 

 

 

 

Total revenue

 

$

34,834

 

 

 

100

%

 

$

27,172

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer concentration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer 1

 

$

22,675

 

 

 

65

%

 

$

17,091

 

 

 

63

%

Customer 2

 

 

5,869

 

 

 

17

%

 

 

3,489

 

 

 

13

%

Customer 3

 

 

3,499

 

 

 

10

%

 

 

2,352

 

 

 

8

%

Total

 

$

32,043

 

 

 

92

%

 

$

22,932

 

 

 

84

%

Schedule of accounts receivable, inventory purchases and accounts payable of major customers and suppliers

Information with respect to accounts receivable from those customers who comprised more than 10% of our gross accounts receivable at either June 30, 2020 or June 30, 2019, is as follows (in thousands, except percentages):

 

 

 

June 30, 2020

 

 

June 30, 2019

 

Total gross accounts receivable

 

$

5,161

 

 

 

100

%

 

$

4,100

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer concentration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer 1

 

$

2,205

 

 

 

42

%

 

$

2,587

 

 

 

63

%

Customer 2

 

 

1,593

 

 

 

31

%

 

 

780

 

 

 

19

%

Customer 3

 

 

972

 

 

 

19

%

 

 

231

 

 

 

6

%

Total

 

$

4,770

 

 

 

92

%

 

$

3,598

 

 

 

88

%

 

During fiscal 2020 and 2019, we had two suppliers that accounted for more than 10% of total inventory purchases, as follows (in thousands, except percentages):

 

 

 

June 30, 2020

 

 

June 30, 2019

 

Total inventory purchases

 

$

12,829

 

 

 

100

%

 

$

12,234

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplier concentration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portescap

 

$

2,444

 

 

 

19

%

 

$

2,184

 

 

 

18

%

Fischer Connectors Inc.

 

 

1,971

 

 

 

15

%

 

 

1,800

 

 

 

15

%

Total

 

$

4,415

 

 

 

34

%

 

$

3,984

 

 

 

33

%

 

Information with respect to accounts payable due to the suppliers who comprised more than 10% of our accounts payable at either June 30, 2020 or June 30, 2019, is as follows (in thousands, except percentages):

 

 

 

June 30, 2020

 

 

June 30, 2019

 

Total accounts payable

 

$

1,965

 

 

 

100

%

 

$

1,996

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplier concentration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portescap

 

$

245

 

 

 

13

%

 

$

373

 

 

 

19

%

Fischer Connectors Inc.

 

 

161

 

 

 

8

%

 

 

304

 

 

 

15

%

Total

 

$

406

 

 

 

21

%

 

$

677

 

 

 

34

%