Concentration of credit risk (Notes)

3 Months Ended

Sep. 30, 2021

Concentration Risk Disclosure [Text Block]

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 13% of net sales during the three months ended September 30, 2021. One customer accounted for 21% of net sales during the three-month period ended September 30, 2020.

As of September 30, 2021 the Company had one customer that represented 14% of the total accounts receivable balance. As of June 30, 2021 the Company had one customer that represents 23% of the total accounts receivable balance.

Major Supplier

The Company's three largest suppliers accounted for 32%, 13% and 11% of the total purchase for the three-month period ended September 30, 2021. The Company's three largest suppliers accounted for of total purchases for 33%, 16% and 13% of total purchase for the three-month period ended September 30, 2020.

As of September 30, 2021 the Company had two suppliers that represented 34% and 12% of the total accounts payable balance. As of June 30, 2021 the Company had two suppliers that represent approximately 39% and 12% 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,
	2021				2020
Domestic	$	1,625	60.7	%	$	1,542	63.9	%
Foreign	1,050		39.3	%	872		36.1	%
Total	$	2,675	100.0	%	$	2,414	100.0	%