Concentration of credit risk (Notes)

3 Months Ended

Sep. 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 21% of net sales during the three months ended September 30, 2020. One customer accounted for 13% of net sales during the three months ended September 30, 2019.

As of September 30, 2020 the Company had one customer that represents 24% of the total accounts receivable balance. As of June 30, 2020 the Company had one customer that represents 18% of the total accounts receivable balance.

Major Supplier

The Company's three largest suppliers accounted for 33%, 16% and 13% of the total purchase for the three-month period ended September 30, 2020. The Company's two largest suppliers accounted for of total purchases for 15% and 25% of total purchase for the three-month period ended September 30, 2019.

As of September 30, 2020 the Company had two suppliers that represents 34% and 13% of the total accounts payable balance. As of June 30, 2020 the Company had three suppliers that represent approximately 38%, 12% and 11% of the total accounts payable balance.

Foreign Sales

Domestic and international sales from continuing operations are as follows:



( in thousands)	For the Three Months Ended September 30,
	2020				2019
Domestic	$	1,542	63.9	%	$	1,467	64.1	%
Foreign	872		36.1	%	821		35.9	%
Total	$	2,414	100.0	%	$	2,288	100.0	%