v3.25.2
Inventories, net
12 Months Ended
Jun. 30, 2025
Inventories, net  
Inventories, net

5. Inventories, net

 

The components of inventories include the following:

 

 

 

June 30,

2025

 

 

June 30,

2024

 

Raw materials

 

$4,507,764

 

 

$3,112,428

 

Work in process

 

 

7,321,779

 

 

 

2,333,240

 

Finished goods

 

 

3,053,726

 

 

 

2,330,287

 

Allowance for obsolescence

 

 

(2,024,431)

 

 

(1,224,896)

 

 

$12,858,838

 

 

$6,551,059

 

 

During fiscal years 2025 and 2024, the Company evaluated all allowed items and disposed of approximately $0.1 million of inventory parts and wrote them off against the allowance for obsolescence.

 

The value of tooling in raw materials, net of the related allowance for obsolescence, was approximately $1.1 million and $1.4 million at June 30, 2025 and 2024, respectively.