Geographical Data

6 Months Ended

Dec. 31, 2022

Geographical Data

Geographical Data

NOTE 13 – Geographical Data

The Company is engaged in one major line of business: the development, manufacture, and distribution of security products, encompassing access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products for commercial and residential use. The Company also provides wireless communication service for intrusion and fire alarm systems. These products are used for commercial, residential, institutional, industrial and governmental applications, and are sold worldwide principally to independent distributors, dealers and installers of security equipment. Sales to unaffiliated customers are primarily shipped from the United States. The Company has customers worldwide with major concentrations in North America.

Financial Information Relating to Domestic and Foreign Operations (in thousands):

	Three months ended December 31,				Six months ended December 31,
	2022		2021		2022		2021
Sales to external customers (1):
Domestic	$	41,886	$	33,023	$	81,145	$	63,806
Foreign		428		385		662		653
Total Net Sales	$	42,314	$	33,408	$	81,807	$	64,459

	December 31, 2022		June 30, 2022
	( as Restated)
Identifiable assets:
United States	$	98,581	$	98,791
Dominican Republic (2)		47,656		49,785
Total Identifiable Assets	$	146,237	$	148,576

(1) All of the Company’s sales originate in the United States and are shipped primarily from the Company’s facilities in the United States. There were no sales into any one foreign country in excess of 10% of total Net Sales.

(2) Consists primarily of inventories (December 31, 2022 = $38,059; June 30, 2022 = $38,755), operating lease assets (December 31, 2022 = $5,961; June 30, 2022 = $7,350) and fixed assets (December 31, 2022 = $3,098; June 30, 2022 = $3,253) located at the Company’s principal manufacturing facility in the Dominican Republic.