v3.25.2
Inventory
9 Months Ended 12 Months Ended
Mar. 31, 2025
Jun. 30, 2024
Inventory    
Inventory

Note 3. Inventory

 

Inventory consisted of the following:

 

 

 

March 31,

2025

 

 

June 30,

2024

 

Raw materials

 

$595,488

 

 

$465,535

 

Finished goods

 

 

729,052

 

 

 

966,021

 

 

 

$1,324,540

 

 

$1,431,556

 

 

The Company writes off the value of inventory deemed excessive or obsolete. During the three months ended March 31, 2025, and March 31, 2024, the Company wrote off inventory valued at $ 369,290 and $107,384, net, respectively. During the nine months ended March 31, 2025, and March 31, 2024, the Company wrote off inventory valued at $418,030 and $67,928, net, respectively. The Company increased its inventory reserve by $499,924 during the nine months ended March 31, 2025 and had inventory reserves at March 31, 2025, and June 30, 2024, of $803,073 and $605,470, respectively. 

Note 4. Inventory

 

Inventory consisted of the following:

 

 

 

June 30,

2024

 

 

June 30,

2023

 

Raw materials

 

$465,535

 

 

$-

 

Finished goods

 

 

966,021

 

 

 

4,804,299

 

 

 

$1,431,556

 

 

$4,804,299

 

 

The Company writes off the value of inventory deemed excessive or obsolete. During the years ended June 30, 2024 and 2023, the Company wrote off inventory valued at $1,812,319 and $118,990, respectively.  The Company had inventory reserves at June 30, 2024 and 2023 of $605,470 and $154,400, respectively.