Note 5 - Revenue Recognition

6 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

5.

    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
	2019		2018		2019		2018
United States	$	3,081,853	$	3,172,401	$	7,585,159	$	7,006,267
Export		1,080,806		2,238,826		1,988,262		4,189,799
Net Sales	$	4,162,659	$	5,411,227	$	9,573,421	$	11,196,066

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

$278,577

 and 

$312,041

 

in the

six

months ended

December 31, 2019

and

2018

, respectively, for performance obligations related to consumer and customer warranties.  The deferred revenue liability was 

$859,370

 and 

$777,982

 as of 

June 30, 2018

 and 

December 31, 2018

, respectively.