Note 9 - Concentrations

12 Months Ended

Jun. 30, 2016

Concentration Risk Disclosure [Text Block]

Concentrations

One distributor had an accounts receivable balance of $901 or 28% and $1,423 or 28% at June 30, 2016 and 2015, respectively. A customer had an accounts receivable balance of $620 or 19% and $615 or 12% at June 30, 2016 and 2015, respectively. A second distributor had an accounts receivable balance of $320 or 10% and $520 or 10% at June 30, 2016 and 2015, respectively. A third distributor had an accounts receivable balance of $697 or 14% at June 30, 2015.

Revenues from one distributor totaled $2,797 or 23% and $2,358 or 15% of net revenues for the years ended June 30, 2016 and 2015, respectively. Revenues from a customer totaled $2,475 or 21% and $2,549 or 16% for the years ended June 30, 2016 and 2015, respectively. Revenues from another distributor totaled $2,303 or 14% of net revenues for the year ended June 30, 2015.

The following represents the Company’s revenues by product platform for the years ended June 30:

	2016		2015
AXP	$	6,932	$	6,612
BioArchive		2,465		4,241
Manual Disposables		1,507		1,810
Bone Marrow		459		2,621
Other		566		758
	$	11,929	$	16,042

The Company had sales to customers as follows for the years ended June 30:

	2016		2015
United States	$	5,122	$	8,428
China		2,797		2,500
Asia - other		1,955		1,955
Europe		1,343		2,147
Other		712		1,012
	$	11,929	$	16,042

The Company attributes revenue to different geographic areas based on where items are shipped or services are performed.

Two suppliers accounted for 65% and 21% of total inventory purchases during the year ended June 30, 2016 and three suppliers accounted for 45%, 17% and 13% of total inventory purchases during the year ended June 30, 2015.

The Company has a contract manufacturer in Costa Rica that produces certain disposables. The Company provides AXP equipment to its distributor in China for use by end-user customers. The Company’s equipment, net of accumulated depreciation, is summarized below by geographic area:

	June 30, 2016		June 30, 2015
United States	$	2,030	$	1,409
Costa Rica		367		594
India		279		296
China		225		524
All other countries		61		114
Total equipment, net	$	2,962	$	2,937