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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 39,725,456 $ 7,842,403
Accounts receivable, less allowance for doubtful accounts of $308,297 and $100,000, respectively 14,703,450 5,360,454
Inventories, net 12,916,742 7,353,562
Prepaid expenses and other current assets 2,026,315 835,044
Total current assets 69,371,963 21,391,463
Property, plant and equipment, net of accumulated amortization and depreciation of $12,098,275 and $10,545,810, respectively 7,160,952 4,198,721
Patents, net of accumulated amortization of $1,302,286 and $1,204,589, respectively 786,097 779,100
Goodwill 108,570,750 1,701,094
Contract assets 960,000
Intangible assets 21,702,803
Lease right of use and other assets 1,266,237 920,921
Total assets 208,858,802 29,951,299
Current liabilities:    
Accounts payable 5,798,976 5,357,736
Accrued expenses and other current liabilities 6,739,617 2,488,514
Current portion of lease liabilities 342,658
Current portion of notes payable 1,250,000
Total current liabilities 14,131,251 7,846,250
Non-current liabilities:    
Notes payable 38,845,761
Lease liabilities 765,627
Other non-current liabilities 518,984 401,000
Total liabilities 54,261,623 8,247,250
Commitments and contingencies
Shareholders’ equity    
Common stock, $.0001 and $.01 par value-shares authorized 40,000,000; 17,361,685 and 9,646,728 shares issued and outstanding in each period 1,736 96,468
Additional paid-in capital 185,369,301 43,500,478
Accumulated deficit (30,773,858) (21,892,897)
Total shareholders' equity 154,597,179 21,704,049
Total liabilities and shareholders' equity $ 208,858,802 $ 29,951,299