General form of registration statement for all companies including face-amount certificate companies

Inventories

v3.20.2
Inventories
 12 Months Ended
Jun. 30, 2019
Inventory Disclosure [Abstract]  
Inventories

NOTE 4 - INVENTORIES

 

Inventories consist of the following:

 

    June 30, 2019     June 30, 2018  
Raw materials   $ 2,118,000     $ 807,000  
Work in process     645,000       333,000  
Finished goods     1,050,000       372,000  
Total Inventories   $ 3,813,000     $ 1,512,000  

 

Inventories consist primarily of our energy storage systems and the related subcomponents, and are stated at the lower of cost or net realizable value. Inventory held at consignment locations is included in our finished goods inventory and totaled $19,000 and $14,000 as of June 30, 2019 and June 30, 2018, respectively.