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 the 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 addresses 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 revenue during the three and nine-month periods ended March 31, 2023. No customer accounted for more than 10% during the three-month period ended March 31, 2022. One customer accounted for 12% of net sales during the nine-month period ended March 31, 2022.

As of March 31, 2023 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 two largest suppliers accounted for 44% and 11% of the total purchase for the three-month period ended March 31, 2023. The Company's two largest suppliers accounted for 44% and 10% of the total purchase for the nine-month period ended March 31, 2023. The Company's two largest supplier accounted for 37% and 16% of total purchases for the three-month period ended March 31, 2022. The Company's two largest suppliers accounted for 39% and 13% of total purchases for the nine-month period ended March 31, 2022.

As of March 31, 2023, the Company had one supplier that represented 47% 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 March 31,								For the Nine Months Ended March 31,
	2023				2022				2023				2022
Domestic	$	1,903	55	%	$	1,266	52	%	$	5,258	58	%	$	4,251	55	%
Foreign	1,531		45	%	1,150		48	%	3,787		42	%	3,541		45	%
Total	$	3,434	100	%	$	2,416	100	%	$	9,045	100	%	$	7,792	100	%