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Business and Credit Concentrations
6 Months Ended
Dec. 31, 2021
Business and Credit Concentrations  
Business and Credit Concentrations

NOTE 3 – Business and Credit Concentrations

An entity is more vulnerable to concentrations of credit risk if it is exposed to risk of loss greater than it would have had if it mitigated its risk through diversification of customers. Such risks of loss manifest themselves differently, depending on the nature of the concentration, and vary in significance. The Company had one customer with an accounts receivable balance that comprised 18% and 12% of the Company’s accounts receivable at December 31, 2021 and June 30. 2021, respectively. Sales to this customer did not exceed 10%of net sales during the three months or six months ended December 31, 2021 and 2020, respectively. The Company had another customer with an accounts receivable balance that comprised 12% and 11% of the Company’s accounts receivable at December 31, 2021 and June 30, 2021, respectively. Sales to this customer did not exceed 10% of net sales during the three or six months ended December 31 2021 and 2020, respectively. The Company had another customer with an accounts receivable balance that comprised 12% and 19% of the Company’s accounts receivable at December 31, 2021 and June 30, 2021. Sales to this customer were 10% of net sales during each the six months ended December 31, 2021 and 2020. Sales to this customer did not exceed 10% for the three months ended December 31, 2021. Sales to this customer were 14% of net sales during the three months ended December 31, 2020.