SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounts Receivable

	March 31, 2023			June 30, 2022
	(unaudited)
	(in thousands)
Accounts receivable (1)	$	1,408		$	1,199
Allowance for doubtful accounts		(1	)		(1	)
Allowance for discounts and returns		(40	)		(6	)
Total accounts receivable, net	$	1,367		$	1,192

Segment Information

	Three Months Ended March 31, 2023		Three Months Ended March 31, 2022		% Change
	(in thousands)
Net Sales by Channel:
Direct	$	1,913	$	1,755		9	%
Wholesale	$	4,819	$	4,832		0	%
Other	$	171	$	166		2	%
Total Net Sales	$	6,903	$	6,753		2	%

	Three Months Ended			Margin			Three Months Ended			Margin			$ %
	March 31, 2023			%			March31,2022			%			Change
	(in thousands)						(in thousands)
Gross Profit by Channel:
Direct	$	923			48	%		823			47	%		12	%
Wholesale	$	1,216			25	%	$	1,261			26	%		(4	)%
Other	$	(369	)		—	%	$	(290	)		—	%		(27	)%
Total Gross Profit	$	1,769			26	%	$	1,794			27	%		(1	)%

	Nine Months Ended March 31, 2023		Nine Months Ended March 31, 2022		% Change
	(in thousands)
Net Sales by Channel:
Direct	$	6,824	$	5,675		20	%
Wholesale	$	15,705	$	13,976		12	%
Other	$	569	$	513		11	%
Total Net Sales	$	23,098	$	20,164		15	%

	Nine Months Ended			Margin			Nine Months Ended			Margin			%
	March 31, 2023			%			March 31, 2022			%			Change
	(in thousands)									(in thousands)
Gross Profit by Channel:
Direct	$	3,178			47	%	$	2,638			46	%		20	%
Wholesale	$	4,074			26	%	$	3,224			23	%		26	%
Other	$	(1,251	)		—	%	$	(992	)		—	%		(26	)%
Total Gross Profit	$	6,001			26	%	$	4,870			24	%		23	%

Schedule of stocks

	March 31,
	2023		2022
Common stock options – 2015 Plan		1,400,000		1,350,000
Convertible preferred stock		4,300,000		4,300,000
Total		5,700,000		5,650,000