Geographical Data

9 Months Ended

Mar. 31, 2023

Geographical Data

Geographical Data

NOTE 14 – 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 March 31,				Nine months ended March 31,
	2023		2022		2023		2022
Sales to external customers (1):
Domestic	$	43,228	$	35,522	$	124,373	$	99,327
Foreign		304		383		966		1,037
Total Net Sales	$	43,532	$	35,905	$	125,339	$	100,364

	March 31, 2023		June 30, 2022
	(as Restated)
Identifiable assets:
United States	$	111,016	$	98,791
Dominican Republic (2)		44,853		49,785
Total Identifiable Assets	$	155,869	$	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 (March 31, 2023 = $34,428; June 30, 2022 = $38,755), operating lease assets (March 31, 2023 = $5,878; June 30, 2022 = $7,350) and fixed assets (March 31, 2023 = $4,083; June 30, 2022 = $3,253) located at the Company’s principal manufacturing facility in the Dominican Republic.