SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2024

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of accounts receivable

	June 30, 2024			June 30, 2023
	(in thousands)
Accounts receivable	$	1,072		$	1,107
Allowance for doubtful accounts		(11	)		(1	)
Allowance for discounts and returns		—			(55	)
Total accounts receivable, net	$	1,061		$	1,051

Segment Information

	Year Ended June 30, 2024		Year Ended June 30, 2023		% Change
	(in thousands)
Net Sales by Channel:
Direct	$	6,475	$	8,255		(22	)%
Wholesale		17,558		20,260		(13	)%
Other		541		704		(23	)%
Total Net Sales	$	24,574	$	29,219		(16	)%

	Year Ended			Margin			Year Ended			Margin			%
	June 30, 2024			%			June 30, 2023			%			Change
	(in thousands)						(in thousands)
Gross Profit by Channel:
Direct	$	2,911			45	%	$	3,802			46	%		(23	)%
Wholesale		4,507			26	%		4,916			25	%		(8	)%
Other		(920	)		(170	)%		(1,526	)		(217	)%		(40	)%
Total Gross Profit	$	6,498			25	%	$	7,192			25	%		(10	)%

Potential dilutive securities

	2024		2023
Convertible Preferred Stock		4,300,000		4,300,000
Stock options – 2015 Plan		1,350,000		1,400,000
Total		5,650,000		5,700,000