MAJOR CUSTOMERS & SUPPLIERS

12 Months Ended

Jun. 30, 2024

Risks and Uncertainties [Abstract]

MAJOR CUSTOMERS & SUPPLIERS

11. MAJOR CUSTOMERS & SUPPLIERS

Customers that accounted for more than 10% of our total sales in either of fiscal year 2024 or 2023, is as follows (in thousands, except percentages):

	Years Ended June 30,
	2024					2023
	Amount		Percent of Total			Amount		Percent of Total
Net sales	$	53,844		100	%	$	46,087		100	%
Customer concentration:
Customer 1	$	38,159		71	%	$	30,892		67	%
Customer 2		6,502		12	%		7,583		16	%
Total	$	44,661		83	%	$	38,475		83	%

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

	June 30, 2024				June 30, 2023
Total gross accounts receivable	$	13,887	100	%	$	9,952	100	%
Customer concentration:
Customer 1	$	10,488	76	%	$	7,231	73	%
Customer 2		2,423	17	%		1,951	19	%
Total	$	12,911	93	%	$	9,182	92	%

During fiscal 2024 and 2023, we had three and four suppliers, respectively, that accounted for more than 10% of total inventory purchases, as follows (in thousands, except percentages):

	June 30, 2024				June 30, 2023
Total inventory purchases	$	20,926	100	%	$	19,835	100	%
Supplier concentration:
Supplier 1	$	5,004	24	%	$	4,595	23	%
Supplier 2		2,401	11	%		2,406	12	%
Supplier 3		3,351	16	%		2,135	11	%
Supplier 4		158	1	%		2,059	10	%
Total.	$	10,914	52	%	$	11,195	56	%

Information with respect to accounts payable due to our top three suppliers at June 30, 2024 or June 30, 2023 is as follows (in thousands, except percentages):

	June 30, 2024				June 30, 2023
Total accounts payable	$	4,513	100	%	$	2,261	100	%
Supplier concentration:
Supplier 1	$	1,405	31	%	$	620	27	%
Supplier 3		416	9	%		158	7	%
Supplier 2		371	8	%		41	2	%
Total.	$	2,192	48	%	$	819	36	%