Concentration of credit risk (Notes)

12 Months Ended

Jun. 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

The Company's two customers accounted for 12% and 11% of net revenue during the three-month period ended December 31, 2022. One customer accounted for 11% of net revenue during the six-month period ended December 31, 2022. One customer accounted for 12% during the three-month and six-month periods ended December 31, 2021.

As of December 31, 2022 the Company had two customer that represented 17% and 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 two largest suppliers accounted for 49% and 12% of the total purchase for the three-month period ended December 31, 2022. The Company's two largest suppliers accounted for 44% and 10% of the total purchase for the six-month period ended December 31, 2022. The Company's one largest supplier accounted for 49% of total purchases for the three-month period ended December 31, 2021. The Company's two largest suppliers accounted for 41% and 11% of total purchases for the six-month period ended December 31, 2021.

As of December 31, 2022 the Company had two suppliers that represented 49% and 10% of the total accounts payable balance. As of June 30, 2022 the Company had one supplier 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 December 31,								For the Six Months Ended December 31,
	2022				2021				2022				2021
Domestic	$	1,734	58	%	$	1,360	50	%	$	3,354	60	%	$	2,985	56	%
Foreign	1,271		42	%	1,341		50	%	2,256		40	%	$	2,391	44	%
Total	$	3,005	100	%	$	2,701	100	%	$	5,610	100	%	$	5,376	100	%