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Revenue Recognition
3 Months Ended
Sep. 30, 2020
Revenue Recognition [Abstract]  
Revenue Recognition

4.    REVENUE RECOGNITION

 

The Company disaggregates it's net sales by geographical location as it believes it best depicts how the nature, timing and uncertainty of net sales and cash flows are affected by economic factors. The following table summarizes net sales by geographical location:

 





 

 

 

 

 



Three Months Ended



September 30,



2020

 

2019

United States

$

3,951,545 

 

$

4,501,312 

Export

 

1,256,750 

 

 

909,450 

Net Sales

$

5,208,295 

 

$

5,410,762 



Deferred revenue relates primarily to consumer and customer warranties. These constitute future performance obligations and the Company defers revenue related to these future performance obligations. The Company recognized revenue, which was included in the deferred revenue liability at the beginning of the periods, of $111,030 and $158,053 in the three months ended September 30, 2020 and 2019, respectively, for performance obligations related to consumer and customer warranties.  The deferred revenue liability was $808,488 as of June 30, 2019. The Company estimates that the deferred revenue performance obligations are satisfied within one to three years and therefore uses that same time frame for recognition of the deferred revenue.