Customer and Supplier Concentrations
|6 Months Ended|
Dec. 31, 2019
|Risks and Uncertainties [Abstract]|
|Customer and Supplier Concentrations||
CUSTOMER AND SUPPLIER CONCENTRATIONS
Customers providing 10 percent or more of the Company's revenues for the three and six months ended December 31, 2019 are presented on a comparative basis, with their corresponding balances for the three and six months ended December 31, 2018 in the table below:
The Company did not have a customer that comprised 10 percent or more of the Company's aggregate accounts receivable balance as of December 31, 2019.
The Company buys precious metals from a variety of sources, including through brokers and dealers, from sovereign and private mints, from refiners and directly from customers. The Company believes that no one or small group of suppliers is critical to its business, since other sources of supply are available that provide similar products on comparable terms.
The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef