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Revenue Recognition
6 Months Ended
Dec. 31, 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

 

Six Months Ended



December 31,

 

December 31,



2020

 

2019

 

2020

 

2019

United States

$

3,652,303 

 

$

3,101,873 

 

$

7,598,576 

 

$

7,642,012 

Export

 

1,277,486 

 

 

1,060,786 

 

 

2,539,508 

 

 

1,931,409 

Net Sales

$

4,929,789 

 

$

4,162,659 

 

$

10,138,084 

 

$

9,573,421 



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 $200,424 and $278,577 in the six months ended December 31, 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.