Concentration of credit risk (Notes)

12 Months Ended

Jun. 30, 2020

Concentration Risk Disclosure [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 approximately 16% of net sales during the year ended June 30, 2020. No customer accounted for more than 10% of net sales during the year ended June 30, 2019.

As of June 30, 2020 the Company had one customer that represents approximately 18% 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 two largest suppliers accounted for 37% and 10% of the total purchase for the year ended June 30, 2020. The Company's two largest suppliers accounted for the total purchases for 30% and 11% of total purchase for the year ended June 30, 2019. As of June 30, 2020 the Company had three suppliers that represent approximately 38%, 12% and 11% of the total accounts payable balance. As of June 30, 2019 the Company had no customer that represents more than 10% of the total accounts payable balance.

Foreign Sales

Domestic and international sales from continuing operations are as follows:



(in thousands)	For the Years Ended June 30,
	2020				2019
Domestic	$	5,781	61.5	%	$	5,587	58.0	%
Foreign	3,619		38.5	%	4,040		42.0	%
Total	$	9,400	100.0	%	$	9,627	100.0	%