Concentration of credit risk (Notes)

6 Months Ended

Dec. 31, 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 12% of net sales during the three and six months ended December 31, 2021. One customer accounted for 18% and 19% of net sales during the three-month and six-month period ended December 31, 2020.

As of December 31, 2021 the Company had one customer that represented 21% 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 one largest supplier accounted for 49% of the total purchase for the three-month period ended December 31, 2021. The Company's two largest suppliers accounted for 41% and 11% of the total purchase for the six-month period ended December 31, 2021. The Company's two largest suppliers accounted for of total purchases for 41% and 12% of total purchase for the three-month period ended December 31, 2020.The Company's two largest suppliers accounted for of total purchases for 38% and 13% of total purchase for the six-month period ended December 31, 2020.

As of December 31, 2021 the Company had one supplier that represented 52% 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.

Disaggregated Revenue

Domestic and international sales from operations are as follows:


( in thousands)	For the Three Months Ended December 31,								For the Six Months Ended December 31,
	2021				2020				2021				2020
Domestic	$	1,360	50.4	%	$	1,865	64.4	%	2,985		56	%	$	3,408	64.2	%
Foreign	1,341		49.6	%	1,033		35.6	%	2,391		44	%	1,904		35.8	%
Total	$	2,701	100.0	%	$	2,898	100.0	%	$	5,376	100	%	$	5,312	100.0	%