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Revenue Recognition
9 Months Ended
Mar. 31, 2021
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

 

Nine Months Ended



March 31,

 

March 31,



2021

 

2020

 

2021

 

2020

United States

$

2,693,041 

 

$

4,227,492 

 

$

10,291,957 

 

$

11,869,459 

Export

 

1,294,411 

 

 

561,949 

 

 

3,833,580 

 

 

2,493,403 

Net Sales

$

3,987,452 

 

$

4,789,441 

 

$

14,125,537 

 

$

14,362,862 



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 $271,179 and $367,198 in the nine months ended March 31, 2021 and 2020, 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.