XML 24 R14.htm IDEA: XBRL DOCUMENT v3.21.1
MAJOR CUSTOMERS & SUPPLIERS
9 Months Ended
Mar. 31, 2021
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 nine-month periods ended March 31, 2021 and 2020, is as follows (in thousands, except percentages):

  

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

 

 

Amount

 

 

Percent of Total

 

 

Amount

 

 

Percent of Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

11,739

 

 

 

100

%

 

$

8,508

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer concentration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer 1

 

$

5,238

 

 

 

45

%

 

$

5,373

 

 

 

63

%

Customer 2

 

 

4,514

 

 

 

39

%

 

 

2,337

 

 

 

28

%

Total

 

$

9,752

 

 

 

84

%

 

$

7,710

 

 

 

91

%

 

 

 

Nine Months Ended March 31,

 

 

 

2021

 

 

2020

 

 

 

Amount

 

 

Percent of Total

 

 

Amount

 

 

Percent of Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

28,594

 

 

 

100

%

 

$

23,710

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer concentration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer 1

 

$

16,217

 

 

 

57

%

 

$

16,440

 

 

 

69

%

Customer 2

 

 

7,906

 

 

 

28

%

 

 

3,458

 

 

 

15

%

Total

 

$

24,123

 

 

 

85

%

 

$

19,898

 

 

 

84

%

 

Information with respect to accounts receivable from those customers who comprised more than 10% of our gross accounts receivable at either March 31, 2021 or June 30, 2020, is as follows (in thousands, except percentages):

 

 

 

March 31, 2021

 

 

June 30, 2020

 

Total gross accounts receivable

 

$

11,930

 

 

 

100

%

 

$

5,161

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer concentration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer 1

 

$

5,205

 

 

 

44

%

 

$

2,205

 

 

 

42

%

Customer 2

 

 

5,626

 

 

 

47

%

 

 

1,593

 

 

 

31

%

Customer 3

 

 

348

 

 

 

3

%

 

 

972

 

 

 

19

%

Total

 

$

11,179

 

 

 

94

%

 

$

4,770

 

 

 

92

%

 

During the three and nine months ended March 31, 2021, we had two suppliers that accounted for more than 10% of our total inventory purchases. During the three and nine months ended March 31, 2020, we had three suppliers accounting for 10% or more of total inventory purchases. Amounts owed to the fiscal 2021 significant suppliers at March 31, 2021 and June 30, 2020, is as follows (in thousands, except percentages).

 

 

 

March 31, 2021

 

 

June 30, 2020

 

Total accounts payable

 

$

2,524

 

 

 

100

%

 

$

1,965

 

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplier concentration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplier 1

 

$

321

 

 

 

13

%

 

$

245

 

 

 

13

%

Supplier 2

 

 

193

 

 

 

8

%

 

 

161

 

 

 

8

%

Total

 

$

514

 

 

 

21

%

 

$

406

 

 

 

21

%