Geographical Data

3 Months Ended

Sep. 30, 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, video surveillance products and wireless communication service for intrusion and fire alarm systems. These products are used for commercial, residential, institutional, industrial and governmental applications, and are sold primarily to independent distributors, dealers and installers of security equipment. Sales to unaffiliated customers are 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 September 30,
	2023		2022
Sales to external customers (1):
Domestic	$	41,371	$	39,259
Foreign		305		234
Total Net Sales	$	41,676	$	39,493

	September 30, 2023		June 30, 2023
Identifiable assets:
United States	$	129,254	$	122,995
Dominican Republic (2)		47,435		43,659
Total Identifiable Assets	$	176,689	$	166,654

(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 (September 30, 2023 = $37,385; June 30, 2023 = $33,477), operating lease assets (September 30, 2023 = $5,722; June 30, 2023 = $5,797) and fixed assets (September 30, 2023 = $3,851; June 30, 2023 = $3,958) located at the Company’s principal manufacturing facility in the Dominican Republic.