(18) Revenue

12 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

(18) Revenue

On July 1, 2018, the Company adopted ASC 606, Revenue from Contracts with Customers, which establishes principles for recognizing revenue and reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The guidance was applied using the modified retrospective transition method. The adoption of this guidance had no material impact on the amount and timing of revenue recognized, therefore, no adjustments were recorded to the consolidated financial statements upon adoption. For the year ended June 30, 2019, revenue recognized pursuant to ASC 606 would not have differed materially had revenue continued to be recognized under ASC 605.

As of June 30, 2019 and June 30, 2018, the rebate liability was $287,430 and $243,758, respectively. The rebate liability is included in accrued expenses in the accompanying consolidated balance sheets.

As of June 30, 2019 and June 30, 2018, the allowance for sales discounts was $14,500 and $0, respectively. The allowance for sales discounts is included in trade accounts receivable, less allowance for doubtful accounts in the accompanying consolidated balance sheets.

The following table disaggregates revenue by major product category:

	Year Ended June 30
	2019		2018
Physical Therapy and Rehabilitation Products
Orthopedic Soft Bracing and Support Products
Other		361,553		841,423
	$	62,565,117	$	64,414,910