Customer and Supplier Concentrations
|12 Months Ended
Jun. 30, 2021
|Risks And Uncertainties [Abstract]
|Customer and Supplier Concentrations
17. CUSTOMER AND SUPPLIER CONCENTRATIONS
Customers providing 10 percent or more of the Company's revenues for the year ended June 30, 2021 are presented on a comparative basis, with their corresponding balances for the year ended June 30, 2020 in the table below:
Customers providing 10 percent or more of the Company's accounts receivable as of June 30, 2021 and June 30, 2020 are presented on a comparative basis in the table below.
No single customer provided 10 percent or more of the Company's secured loan receivable balances as of as of June 30, 2021.
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