v3.26.1
Note 5 - Inventories, Net
12 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Inventory Disclosure [Text Block]

5. Inventories, net

 

The components of inventories include the following:

 

  

June 30,

  

June 30,

 
  

2026

  

2025

 

Raw materials

 $9,451,766  $4,507,764 

Work in process

  7,953,529   7,321,779 

Finished goods

  2,917,956   3,053,726 

Allowance for obsolescence

  (2,317,692)  (2,024,431)
  $18,005,559  $12,858,838 

 

During fiscal years 2026 and 2025, the Company evaluated all allowed items and disposed of approximately $0.4 million and $0.1 million, respectively, 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 $0.8 million and $1.1 million at June 30, 2026 and 2025, respectively.