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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Sep. 30, 2020
Jun. 30, 2020
Current assets:    
Cash and cash equivalents $ 13,756,695 $ 13,993,032
Restricted cash 105,014 624,202
Accounts receivable, net 1,625,515 670,718
Inventory, net 8,975,998 7,443,257
Prepaid expenses and other assets 1,260,322 1,177,860
Total current assets 25,723,544 23,909,069
Long-term assets:    
Inventory, net 20,748,762 23,190,702
Property and equipment, net 969,635 999,061
Intangible assets, net 180,722 170,151
Operating lease right-of-use assets 475,113 584,143
Other assets 50,109 51,461
Total long-term assets 22,424,341 24,995,518
TOTAL ASSETS 48,147,885 48,904,587
Current liabilities:    
Accounts payable 2,582,538 3,748,235
Operating lease liabilities 626,763 622,493
Current maturity of long-term debt 386,000 193,000
Accrued expenses and other liabilities 1,496,755 1,922,332
Total current liabilities 5,092,056 6,486,060
Long-term liabilities:    
Long-term debt 579,000 772,000
Noncurrent operating lease liabilities 51,190 203,003
Accrued income taxes 8,441 7,947
Total long-term liabilities 638,631 982,950
Total liabilities 5,730,687 7,469,010
Commitments and contingencies (Note 9)
Shareholders' equity:    
Common stock, no par value; 50,000,000 shares authorized; 28,965,660 and 28,949,410 shares issued and outstanding at September 30, 2020 and June 30, 2020, respectively 54,342,864 54,342,864
Additional paid-in capital 25,987,520 25,880,165
Accumulated deficit (37,913,186) (38,787,452)
Total shareholders' equity 42,417,198 41,435,577
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 48,147,885 $ 48,904,587