v3.25.4
Note 6 - Inventories
6 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Inventory Disclosure [Text Block]

6. Inventories

 

The components of inventories include the following:

 

  

December 31,

  

June 30,

 
  

2025

  

2025

 

Raw materials

 $7,242,733  $4,507,764 

Work in process

  6,111,157   7,321,779 

Finished goods

  2,539,068   3,053,726 

Allowance for obsolescence

  (2,401,539)  (2,024,431)
  $13,491,419  $12,858,838 

 

During each of the six months ended December 31, 2025 and 2024, the Company evaluated all allowed items and disposed of approximately $0.1 million of inventory items 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 $0.8 million and $1.1 million as of December 31, 2025 and June 30, 2025, respectively.