Concentration of credit risk (Tables)

6 Months Ended

Dec. 31, 2019

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]

Concentration of Credit Risk

Credit Risk

Financial Instruments, which potentially subject the Company to concentration of credit risk, consist principally of cash and cash equivalents, restricted cash and trade receivables. Concentration of credit risk with respect to trade receivables is generally diversified due to the large number of entities comprising the Company's customer base and their dispersion across geographic areas principally within the United States and international. The Company routinely address the financial strength of its customer and, as a consequence, believes that its receivable credit risk exposure is limited. The Company does not require customers to post collateral.

Major Customer

One customer accounted for more than 10% of net sales during the three months and six-month periods ended December 31, 2019. No customer accounted for more than 10% of net sales during the three months and six-month periods ended December 31, 2018.

As of December 31, 2019 the Company had one customer that represents approximately 28% of the total accounts receivable balance. As of June 30, 2019 the Company had no customer that represents more than 10% of the total accounts receivable balance.

Major Supplier

The Company's largest supplier accounted for 38% of the total purchase for the three-month period ended December 31, 2019. The Company's three largest suppliers accounted for 39%, 12% and 10% of the total purchase for the three-month period ended December 31, 2018. The Company's two largest suppliers accounted for 32% and 11% of the total purchase for the six-month period ended December 31, 2019. The Company's two largest suppliers accounted for of total purchases for more than 33% and 10% of total purchase for the six-month period ended December 31, 2018.

Foreign Sales

Domestic and international sales from continuing operations are as follows:



( in thousands)	For the Three Months Ended December 31,								For the Six Months Ended December 31,
	2019				2018				2019				2018
Domestic	$	1,590	58.0	%	$	1,441	59.6	%	$	3,056	60.8	%	$	2,913	62.3	%
Foreign	1,150		42.0	%	978		40.4	%	1,972		39.2	%	1,764		37.7	%
Total	$	2,740	100.0	%	$	2,419	100.0	%	$	5,028	100.0	%	$	4,677	100.0	%