Concentration of credit risk (Notes)

3 Months Ended

Sep. 30, 2022

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

No customer accounted for more than 10% of net sales during the three-month period ended September 30, 2022. One customer accounted for 13% during the three-month period ended September 30, 2021.

As of September 30, 2022 the Company had one customer that represented 11% of the total accounts receivable balance. As of June 30, 2022 the Company had one customer that represents 13% of the total accounts receivable balance.

Major Supplier

The Company's one largest supplier accounted for 38% of the total purchase for the three-month period ended September 30, 2022. The Company's three largest suppliers accounted for 32%, 13% and 11% of total purchases for the three-month period ended September 30, 2021.

As of September 30, 2022 the Company had two supplier that represented 33% and 13% of the total accounts payable balance. As of June 30, 2022 the Company had one suppliers that represent approximately 36% of the total accounts payable balance.

Disaggregated Revenue

Domestic and international sales from operations are as follows:


( in thousands)	For the Three Months Ended September 30,
		2022	2021
Domestic			$	1,620	62.2	%	$	1,625	60.7	%
Foreign			985		37.8	%	$	1,050	39.3	%
Total			$	2,605	100	%	$	2,675	100	%