Annual report pursuant to Section 13 and 15(d)

Inventories

v3.20.2
Inventories
 12 Months Ended
Jun. 30, 2020
Inventory Disclosure [Abstract]  
Inventories

NOTE 3 - INVENTORIES

 

Inventories consist of the following:

 

   

June 30,

2020

    

June 30,

2019

  
Raw materials   $ 4,231,000     $ 2,118,000  
Work in process     332,000       645,000  
Finished goods     693,000       1,050,000  
Total Inventories   $ 5,256,000     $ 3,813,000  

 

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 $0 and $19,000 as of June 30, 2020 and 2019, respectively.