MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK

12 Months Ended

Jun. 30, 2020

MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK [Abstract]

MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK

13. MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK

At times, a portion of the Company’s accounts receivable will be due from customers that have individual balances of 10% or more of the Company’s total gross accounts receivable.

The following is a summary of customers that represent greater than or equal to 10% of total gross accounts receivable as of the dates presented:

	June 30,
	2020			2019
Customer A		26	%		13	%
Customer B		14	%		25	%
Customer C		13	%		*	%
Customer D		**	%		15	%

* Customer C did not have individual balances that represented 10% or more of total gross accounts receivable as of June 30, 2019.

** Customer D did not have individual balances that represented 10% or more of total gross accounts receivable as of June 30, 2020.

A significant portion of sales is derived from certain customer relationships. The following is a summary of customers that represent greater than or equal to 10% of total net sales for the periods presented:

	Year Ended June 30,
	2020			2019
Customer A		12	%		10	%
Customer B		13	%		14	%

The Company records its sales returns allowance at the corporate level based on several factors including historical sales return activity and specific allowances for known customer returns.