| Inventories |
The Company’s total inventories, net consisted of the following as of the dates presented:
| |
|
September 30,
2024
|
|
|
June 30,
2024
|
|
|
Finished jewelry:
|
|
|
|
|
|
|
|
Raw materials
|
|
$
|
1,020,568
|
|
|
$
|
1,014,072
|
|
|
Work-in-process
|
|
|
836,342
|
|
|
|
433,150
|
|
|
Finished goods
|
|
|
8,239,263
|
|
|
|
10,927,372
|
|
|
Finished goods on consignment
|
|
|
2,137,870
|
|
|
|
2,247,609
|
|
|
Total finished jewelry
|
|
$
|
12,234,043
|
|
|
$
|
14,622,203
|
|
|
Loose jewels:
|
|
|
|
|
|
|
|
|
|
Raw materials
|
|
$
|
1,776,615
|
|
|
$
|
1,908,677
|
|
|
Work-in-process
|
|
|
5,271,681
|
|
|
|
5,393,035
|
|
|
Finished goods
|
|
|
3,641,069
|
|
|
|
2,577,648
|
|
|
Finished goods on consignment
|
|
|
197,048
|
|
|
|
201,345
|
|
|
Total loose jewels
|
|
|
10,886,413
|
|
|
|
10,080,705
|
|
|
Total supplies inventory
|
|
|
214,194
|
|
|
|
227,477
|
|
|
Total inventory
|
|
$
|
23,334,650
|
|
|
$
|
24,930,385
|
|
As of the dates presented, the Company’s total inventories, net of reserves, are classified as follows:
| |
|
September 30,
2024
|
|
|
June 30,
2024
|
|
|
Short-term portion
|
|
$
|
5,911,568
|
|
|
$
|
7,507,303
|
|
|
Long-term portion
|
|
|
17,423,082
|
|
|
|
17,423,082
|
|
|
Total
|
|
$
|
23,334,650
|
|
|
$
|
24,930,385
|
|
|