Misonix (MSON) 10-Q 6 May 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Mar. 31, 2021	May 03, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2021
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--06-30
Entity File Number	1-10986
Entity Registrant Name	MISONIX, INC.
Entity Central Index Key	0000880432
Entity Tax Identification Number	84-1856018
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1938 New Highway
Entity Address, City or Town	Farmingdale
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11735
City Area Code	(631)
Local Phone Number	694-9555
Title of 12(b) Security	Common Stock, $.0001 par value
Trading Symbol	MSON
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		17,406,845

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Current assets:
Cash and cash equivalents	$ 30,913,686	$ 37,978,809
Accounts receivable, less allowance for doubtful accounts of $2,265,401 and $2,573,968, respectively	12,034,563	11,064,768
Inventories, net	14,413,671	14,010,684
Prepaid expenses and other current assets	785,859	1,668,244
Total current assets	58,147,779	64,722,505
Property, plant and equipment, net of accumulated amortization and depreciation of $14,720,985 and $12,715,917, respectively	8,860,056	7,304,258
Patents, net of accumulated amortization of $1,462,069 and $1,341,976, respectively	763,900	784,318
Goodwill	108,234,664	108,310,350
Intangible assets	20,112,955	21,281,136
Lease right-of-use assets	1,108,454	1,098,830
Other assets	307,909	322,310
Total assets	197,535,717	203,823,707
Current liabilities:
Accounts payable	5,850,797	4,273,568
Accrued expenses and other current liabilities	7,862,497	7,515,751
Current portion of lease liabilities	508,924	414,058
Current portion of notes payable	4,621,766	5,099,744
Total current liabilities	18,843,984	17,303,121
Non-current liabilities:
Notes payable	38,773,482	38,595,505
Lease liabilities	645,804	723,553
Deferred tax liabilities	33,293	33,293
Other non-current liabilities	227,599	516,665
Total liabilities	58,524,162	57,172,137
Commitments and contingencies
Shareholders’ equity
Common stock, $.0001 par value; shares authorized 40,000,000; 17,405,845 and 17,369,435 shares issued and outstanding in each period	1,741	1,737
Additional paid-in capital	188,321,138	185,961,104
Accumulated deficit	(49,311,324)	(39,311,271)
Total shareholders’ equity	139,011,555	146,651,570
Total liabilities and shareholders’ equity	$ 197,535,717	$ 203,823,707

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Statement of Financial Position [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 2,265,401	$ 2,573,968
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	14,720,985	12,715,917
Finite-Lived Intangible Assets, Accumulated Amortization	$ 1,462,069	$ 1,341,976
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	40,000,000	40,000,000
Common Stock, Shares Issued	17,405,845	17,369,435
Common Stock, Shares, Outstanding	17,405,845	17,369,435

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Revenue	$ 18,347,180	$ 17,902,512	$ 54,338,932	$ 48,770,419
Cost of revenue	5,402,754	5,311,565	15,778,053	14,493,321
Gross profit	12,944,426	12,590,947	38,560,879	34,277,098
Operating expenses:
Selling expenses	10,891,292	11,609,943	30,284,046	28,611,090
General and administrative expenses	3,631,175	4,463,467	12,002,453	13,820,989
Research and development expenses	1,317,036	1,842,837	3,535,587	3,701,697
Total operating expenses	15,839,503	17,916,247	45,822,086	46,133,776
Loss from operations	(2,895,077)	(5,325,300)	(7,261,207)	(11,856,678)
Other income (expense):
Interest income	4,519	37,785	8,531	61,954
Interest expense	(866,464)	(755,528)	(2,749,292)	(1,624,659)
Other	218	(434)	1,915	(1,578)
Total other expense	(861,727)	(718,177)	(2,738,846)	(1,564,283)
Loss from operations before income taxes	(3,756,804)	(6,043,477)	(10,000,053)	(13,420,961)
Income tax benefit		455,000		4,540,000
Net loss	$ (3,756,804)	$ (5,588,477)	$ (10,000,053)	$ (8,880,961)
Net loss per share:
Basic	$ (0.22)	$ (0.34)	$ (0.58)	$ (0.64)
Diluted	$ (0.22)	$ (0.34)	$ (0.58)	$ (0.64)
Weighted average shares - Basic	17,226,181	16,619,981	17,219,221	13,841,032
Weighted average shares - Diluted	17,226,181	16,619,981	17,219,221	13,841,032

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Jun. 30, 2019	$ 96,468	$ 43,500,478	$ (21,892,897)	$ 21,704,049
Beginning balance, shares at Jun. 30, 2019	9,646,728
Net loss			(8,880,961)	(8,880,961)
Proceeds from exercise of stock options	$ 14	1,185,402		1,185,416
Proceeds from exercise of stock options, shares	143,125
Stock registration fees		(3,859,036)		(3,859,036)
Equity Offering	$ 187	34,571,875		34,572,062
Equity Offering, shares	1,868,750
Equity restructuring	$ (151,964)	151,964
Issuance of shares for acquisition of Solsys	$ 57,031	108,586,679		108,643,710
Issuance of shares for acquisition of Solsys, shares	5,703,082
Stock-based compensation		1,231,939		1,231,939
Ending balance, value at Mar. 31, 2020	$ 1,736	185,369,301	(30,773,858)	154,597,179
Ending balance, shares at Mar. 31, 2020	17,361,685
Beginning balance, value at Dec. 31, 2019	$ 1,549	152,802,535	(25,185,379)	127,618,705
Beginning balance, shares at Dec. 31, 2019	15,491,560
Net loss			(5,588,479)	(5,588,479)
Proceeds from exercise of stock options		10,332		10,332
Proceeds from exercise of stock options, shares	1,375
Stock registration fees		(2,497,644)		(2,497,644)
Equity Offering	$ 187	34,571,875		34,572,062
Equity Offering, shares	1,868,750
Stock-based compensation		482,203		482,203
Ending balance, value at Mar. 31, 2020	$ 1,736	185,369,301	(30,773,858)	154,597,179
Ending balance, shares at Mar. 31, 2020	17,361,685
Beginning balance, value at Jun. 30, 2020	$ 1,737	185,961,104	(39,311,271)	146,651,570
Beginning balance, shares at Jun. 30, 2020	17,369,435
Net loss			(10,000,053)	(10,000,053)
Proceeds from exercise of stock options	$ 4	247,676		$ 247,680
Proceeds from exercise of stock options, shares	33,296			33,296
Issuance of common stock		137,300		$ 137,300
Issuance of common stock, shares	10,000
Shares released from escrow		(150,000)		(150,000)
Shares released from escrow, shares	(6,886)
Payments for fractional shares released from escrow		(1,779)		(1,779)
Stock-based compensation		2,126,837		2,126,837
Ending balance, value at Mar. 31, 2021	$ 1,741	188,321,138	(49,311,324)	139,011,555
Ending balance, shares at Mar. 31, 2021	17,405,845
Beginning balance, value at Dec. 31, 2020	$ 1,738	187,504,189	(45,554,520)	141,951,407
Beginning balance, shares at Dec. 31, 2020	17,377,748
Net loss			(3,756,804)	(3,756,804)
Proceeds from exercise of stock options	$ 3	223,735		223,738
Proceeds from exercise of stock options, shares	24,983
Issuance of common stock		137,300		137,300
Issuance of common stock, shares	10,000
Shares released from escrow		(150,000)		(150,000)
Shares released from escrow, shares	(6,886)
Payments for fractional shares released from escrow		(1,779)		(1,779)
Stock-based compensation		607,693		607,693
Ending balance, value at Mar. 31, 2021	$ 1,741	$ 188,321,138	$ (49,311,324)	$ 139,011,555
Ending balance, shares at Mar. 31, 2021	17,405,845

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Operating activities
Net loss	$ (10,000,053)	$ (8,880,961)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:
Depreciation and amortization	3,297,747	2,447,359
Rent expense from operating lease right-of-use asset	450,392	354,810
Bad debt expense	547,212	207,010
Reserve for contract asset		960,000
Stock-based compensation	2,126,837	1,231,939
Issuance of common stock	137,300
Release of valuation allowance on deferred tax assets		(4,540,000)
Changes in operating assets and liabilities:
Accounts receivable	(1,191,558)	(3,317,969)
Inventories	(3,929,284)	(9,000,757)
Prepaid expenses and other current assets	732,385	(852,408)
Operating leases and other assets	(432,904)	617,028
Accounts payable, accrued expenses and other	1,393,212	(537,552)
Net cash used in operating activities	(6,868,714)	(21,311,501)
Investing activities
Acquisition of property, plant and equipment	(34,569)	(304,855)
Additional patents	(99,675)	(104,694)
Cash from acquisition of Solsys Medical, LLC		5,525,601
Net cash (used in) provided by investing activities	(134,244)	5,116,052
Financing activities
Proceeds from notes payable	25,900,000	28,750,000
Repayments of notes payable	(26,200,001)	(12,569,940)
Proceeds from exercise of stock options	247,680	1,185,416
Stock registration and investment bank fees		(3,859,036)
Proceeds from equity offering		34,572,062
Payments of finance lease	(8,065)
Payments for fractional shares released from escrow	(1,779)
Net cash (used in) provided by financing activities	(62,165)	48,078,502
Net (decrease) increase in cash and cash equivalents	(7,065,123)	31,883,053
Cash and cash equivalents at the beginning of the period	37,978,809	7,842,403
Cash and cash equivalents at the end of the period	30,913,686	39,725,456
Cash paid for:
Interest	2,663,206	1,397,191
Income taxes		550
Transfer of inventory to property, plant and equipment for consignment of product	3,526,297	3,536,488
Stock issued for the acquisition of Solsys Medical, LLC		108,643,710
Shares released from escrow	$ 150,000

Basis of Presentation, Organiza

Basis of Presentation, Organization and Business and Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation, Organization and Business and Summary of Significant Accounting Policies	1. Basis of Presentation, Organization and Business and Summary of Significant Accounting Policies Basis of Presentation These Condensed Consolidated Financial Statements of Misonix, Inc. (“Misonix” or the “Company”) include the accounts of Misonix and its subsidiaries, each of which is 100 The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, these Condensed Consolidated Financial Statements do not include all the information and footnotes required by U.S. GAAP for complete financial statements. As such, they should be read with reference to the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2020 (the “2020 Form 10-K”), which provides a more complete explanation of the Company’s accounting policies, financial position, operating results, business properties and other matters. In the opinion of management, these Condensed Consolidated Financial Statements reflect all adjustments, which are of a normal recurring nature, considered necessary for a fair statement of interim results. Organization and Business Misonix designs, manufactures, markets, sells and distributes minimally invasive surgical ultrasonic medical devices and markets, sells and distributes skin allografts and wound care products used to support healing of wounds, and which complement Misonix’s ultrasonic medical devices. Misonix’s ultrasonic products are used for precise bone sculpting, removal of soft and hard tumors and tissue debridement, primarily in the areas of neurosurgery, orthopedic surgery, general surgery, plastic surgery, wound care and maxillo-facial surgery. The Company strives to have its proprietary procedural solutions become the standard of care and enhance patient outcomes throughout the world. The Company intends to accomplish this, in part, by utilizing its best-in-class surgical ultrasonic technology to improve patient outcomes in spinal surgery, neurosurgery and wound care. The Company’s neXus generator combines the capabilities of its three legacy ultrasonic products into a single system that can be used to perform soft and hard tissue resections. The Company continues to market and sell these legacy ultrasonic products, which are: ● BoneScalpel Surgical System, or BoneScalpel, which is used for surgical procedures involving the precise cutting and sculpting of bone while sparing soft tissue. BoneScalpel is now recognized by many surgeons globally as a critical surgical tool enabling improved patient outcomes in the spine surgery arena. ● SonaStar Surgical Aspirator, or SonaStar, which is used to emulsify and remove soft and hard tumors, primarily in the neuro and general surgery fields. ● SonicOne Wound Debridement System, or SonicOne, which offers tissue specific debridement and cleansing of wounds and burns for effective removal of devitalized tissue and fibrin deposits while sparing viable cells. Each of the Company’s medical device systems consist of a proprietary console and handpiece that function to convert electrical current into ultrasonic energy, ultimately delivered via a disposable titanium tip, to produce a therapeutic effect. neXus ® neXus is a next generation integrated ultrasonic surgical platform that combines all the features of the Company’s existing solutions, including BoneScalpel, SonicOne and SonaStar, into a single fully integrated platform that will also serve to power future solutions. The neXus platform is driven by a new proprietary digital algorithm that results in more power, efficiency, and control. The device incorporates Smart Technology that allows for easier setup and use. neXus’ increased power improves tissue resection rates for both soft and hard tissue removal making it a unique surgical platform for a variety of different surgical specialties. In addition, neXus’ ease of use enables physicians to fully leverage neXus’ impressive set of capabilities via its digital touchscreen display and smart system setup. The Company’s current ultrasonic applications; BoneScalpel, SonaStar and SonicOne all work on the neXus generator. This allows a hospital to access all of the Company’s product offerings on this all in one console. neXus received FDA 510(k) clearance in June 2019 and received its CE mark clearance in July 2019 for sale in Europe. neXus is principally sold in the United States. BoneScalpel® The BoneScalpel is a state of the art, ultrasonic bone cutting and sculpting system capable of enabling precise cuts with minimal necrosis, minimal burn artifact, minimal inflammation and minimal bone loss. The device is also capable of preserving surrounding soft tissue structures because of its ability to differentiate soft tissue from rigid bone. This device can make precise linear or curved cuts, on any plane, with precision not normally associated with powered instrumentation. The Company believes BoneScalpel offers the speed and convenience of a powered instrument without the dangers associated with conventional rotary devices. The effect on surrounding soft tissue is minimal due to the elastic and flexible structure of healthy tissue. This is a significant advantage in anatomical regions like the spine where patient safety is of primary concern. In addition, the linear motion of the blunt, tissue-impacting tips avoids accidental ‘trapping’ of soft tissue while largely eliminating the high-speed spinning and tearing associated with rotary power instruments. The BoneScalpel allows surgeons to improve on existing surgical techniques by creating new approaches to bone cutting and sculpting and removal, leading to substantial time-savings and increased operation efficiencies. SonaStar® The SonaStar System provides powerful and precise aspiration following the ultrasonic ablation of soft tissue. The SonaStar has been used for a wide variety of surgical procedures applying both open and minimally invasive approaches, including neurosurgery and general surgery. The SonaStar may also be used with OsteoSculpt® probe tips, which enable the precise shaping or shaving of bony structures that prevent open access to partially or completely hidden soft tissue masses. SonicOne® The SonicOne Ultrasonic Cleansing and Debridement System is a highly innovative, tissue specific approach for the effective removal of devitalized or necrotic tissue and fibrin deposits while sparing viable, surrounding cellular structures. The tissue specific capability is, in part, due to the fact that healthy and viable tissue structures have a higher elasticity and flexibility than necrotic tissue and are more resistant to destruction from the impact effects of ultrasound. The ultrasonic debridement process separates devitalized tissue from viable tissue layers, allowing for a more defined treatment and, usually, a reduced pain sensation. The Company believes SonicOne establishes a new standard in wound bed preparation, the essential first step in the healing process, while contributing to a faster patient healing. TheraSkin® TheraSkin is a biologically active human skin allograft that has all of the relevant characteristics of human skin needed to heal wounds, including living cells, growth factors, and a collagen matrix. TheraSkin is derived from human skin tissue from consenting and highly screened donors and is regulated by the FDA as a Human Cells, Tissues, and Cellular and Tissue-Based Product. LifeNet processes and supplies TheraSkin to the Company under a supply and distribution agreement that gives the Company exclusive rights to sell TheraSkin in the United States. TheraSkin is indicated for use on all external skin tissue wounds, including but not limited to difficult to heal diabetic foot ulcers, venous leg ulcers, dehisced surgical wounds, necrotizing fasciitis, burns, Mohs and wounds with exposed structures. Therion® Therion is indicated for use as a cover and barrier for homologous use for wound care and surgical procedures. Therion is a dehydrated and terminally sterilized chorioamniotic allograft derived from human placental membrane and is regulated by the FDA as a Human Cells, Tissues, and Cellular and Tissue-Based Product. CryoLife processes and supplies Therion to the Company under a supply and distribution agreement that gives the Company exclusive rights to distribute the product in the United States. CryoLife processes Therion using a proprietary process that removes the maternal-derived decidua cells from the placental membrane, leaving the amnion and chorion layers in their native configuration. TheraGenesis® TheraGenesis is a Bilayer Wound Matrix and Meshed Bilayer Wound Matrix consisting of a porcine collagen sponge layer and a silicone film layer that provides a scaffold for cellular invasion and capillary growth for management of wounds including partial and full-thickness wounds, chronic wounds, surgical wounds, trauma wounds and draining wounds. The Company obtains TheraGenesis under an exclusive supply and distribution agreement with Gunze Limited that gives the Company exclusive rights to distribute the product in the United States. Sales and Distribution; Reportable Segments In the United States, the Company sells its products through its direct sales force, in addition to a network of commissioned agents assisted by Misonix personnel. Outside of the United States, the Company sells BoneScalpel and SonaStar through distributors who then resell the products to hospitals. The Company sells to all major markets in the Americas, Europe, Middle East, Asia Pacific, and Africa. The Company manufactures and sells its products in two Risks and Uncertainties The Company’s business is subject to material risks and uncertainties as a result of the coronavirus (“COVID-19”) pandemic. The extent of the impact of the COVID-19 pandemic on the Company’s business is highly uncertain and difficult to predict, as the response to the pandemic continues to rapidly evolve. As a result of COVID-19, the Company’s customers diverted resources to treat COVID-19 patients and deferred elective surgical procedures, both of which have and are likely to continue to impact demand for the Company’s products. While we expect to see gradual improvement during the remainder of fiscal 2021 as elective surgical procedure volumes return to pre-COVID-19 levels in some jurisdictions, we could experience further variable impacts on our business if a resurgence of the virus emerges and/or elective procedures continue to be deferred. The Company is also monitoring news reports that indicate that several jurisdictions are experiencing new increases in the rate of infection by COVID-19 which could result in further mitigation efforts. Furthermore, capital markets and economies worldwide have also been negatively impacted by the COVID-19 pandemic, and it is possible that it could cause a local and/or global economic recession. Such economic disruption could have a material adverse effect on the Company’s business as hospitals and surgery centers curtail and reduce capital and overall spending. Policymakers around the globe have responded with fiscal policy actions to support the healthcare industry and economy as a whole. The magnitude and overall effectiveness of these actions and the Company’s ability to benefit from them remains uncertain. The severity of the impact of the COVID-19 pandemic on the Company’s business will depend on a number of factors, including, but not limited to, the duration and severity of the pandemic and the extent and severity of the impact on the Company’s customers, all of which are uncertain and cannot be predicted. The Company’s future results of operations and liquidity could be materially and adversely impacted by delays in payments of outstanding receivable amounts beyond normal payment terms, supply chain disruptions and uncertain demand, and the impact of any initiatives or programs that the Company may undertake to address financial and operations challenges faced by its customers. As of the date of issuance of these Condensed Consolidated Financial Statements, the extent to which the COVID-19 pandemic may materially impact the Company’s financial condition, liquidity, or results of operations is uncertain. Acquisition of Solsys Medical, LLC On September 27, 2019, the Company completed the acquisition (the “Solsys Acquisition”) of Solsys Medical, LLC (“Solsys”), a privately held regenerative medical company, in an all-stock transaction valued at approximately $ 109 64 36 5,703,082 4.5 1.4 The Company’s common stock was created with a par value per share of $ .0001 .01 151,964 Major Customers and Concentration of Credit Risk For the three and nine months ended March 31, 2021 and 2020, the Company did not have any customers exceeding 10% of total revenue. At March 31, 2021 and June 30, 2020, the Company’s accounts receivable with customers outside the United States were approximately $ 2.1 2.0 0.3 0.8 If one or more of the Company’s major customers continues to be adversely affected by COVID-19 or otherwise as a result of the current market environment, that may result in a material decline in the Company’s business received from them. Additionally, the Company may face an increased risk of its customers’ inability to make payments or remain solvent. Earnings Per Share Earnings per share (“EPS”) is calculated using the two-class method, which allocates earnings among common stock and participating securities to calculate EPS when an entity’s capital structure includes either two or more classes of common stock or common stock and participating securities. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities. As such, unvested restricted stock awards of the Company are considered participating securities. The dilutive effect of options and their equivalents (including non-vested stock issued under stock-based compensation plans), is computed using the “treasury” method. Basic income per common share is based on the weighted average number of common shares outstanding during the period. Diluted income per common share includes the dilutive effect of potential common shares outstanding. The following table sets forth the reconciliation of the Company’s basic and diluted earnings per share calculation: Schedule of Basic and Diluted Earnings Per Share Calculation For the three months For the nine months March 31, March 31, 2021 2020 2021 2020 Basic weighted average shares outstanding 17,226,181 16,619,981 17,219,221 13,841,032 Dilutive effect of restricted stock awards (participating securities) - - - - Denominator for basic earnings per share 17,226,181 16,619,981 17,219,221 13,841,032 Dilutive effect of stock options - - - - Diluted weighted average shares outstanding 17,226,181 16,619,981 17,219,221 13,841,032 Diluted EPS for the three and nine months ended March 31, 2021 as presented is the same as basic EPS as the inclusion of the effect of common share equivalents then outstanding would be anti-dilutive. Accordingly, excluded from the calculation of basic and diluted EPS are the dilutive effect of options to purchase 407,413 398,920 268,495 562,388 Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instrument (“ASU 2016-13”). ASU 2016-13 replaces the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. ASU 2016-13 is effective for SEC small business filers for fiscal years beginning after December 15, 2022. Management is currently assessing the impact that ASU 2016-13 will have on the Company. There are no other recently issued accounting pronouncements that are expected to have a material effect on the Company’s financial position, results of operations or cash flows. Critical Accounting Policies and Use of Estimates Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions are used for, but not limited to, establishing the allowance for doubtful accounts, valuation of inventory, depreciation, valuation of assets acquired and liabilities assumed in business combinations, asset impairment evaluations, establishing deferred tax assets and related valuation allowances, and stock-based compensation accounting. Actual results could differ from those estimates.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	2. Revenue Recognition The Company has made the following accounting policy elections and elected to use certain practical expedients, as permitted by the FASB, in applying Accounting Standards Codification (“ASC”) Topic 606 “Revenue from Contracts with Customers, as amended” (“ASC Topic 606”): 1) the Company accounts for amounts collected from customers for sales and other taxes net of related amounts remitted to tax authorities; 2) the Company expenses costs to obtain a contract as they are incurred if the expected period of benefit, and therefore the amortization period, is one year or less; 3) the Company accounts for shipping and handling activities that occur after control transfers to the customer as a fulfillment cost rather than an additional promised service and these fulfillment costs fall within selling, general and administrative expenses; 4) the Company does not assess whether promised goods or services are performance obligations if they are immaterial in the context of the contract with the customer; 5) the Company utilizes the right-to-invoice practical expedient with regard to the recognition of revenue upon the purchase of consumable goods in connection with a product placement/consignment arrangement. Recognition of Revenue The Company generates revenue from the sale and leasing of medical equipment, from the sale of consumable products used with medical equipment in surgical procedures, from the sale of TheraSkin, Therion and TheraGenesis, and from product supply and licensing arrangements. In the United States, the Company’s products are marketed primarily through a hybrid sales approach that includes direct sales representatives, managed by regional sales managers, along with independent distributors. Outside the United States, the Company sells BoneScalpel, SonaStar, and SonicOne to specialty distributors who purchase products to resell to their clinical customer bases. The Company sells to all major markets in the Americas, Europe, Middle East, Asia Pacific, and Africa. Revenue is disaggregated from contracts between products under ship and bill arrangements and licensing agreements, and by geography, which the Company believes best depicts how the nature, amount, timing and uncertainty of revenues and cash flows are affected by economic factors. The Company satisfies performance obligations either over time, or at a point in time, upon which control transfers to the customer. Revenue derived from the shipping and billing of product is recorded upon shipment, when transfer of control occurs for products shipped freight on board (“F.O.B.”) shipping. Products shipped F.O.B. destination are recorded as revenue when received at the point of destination when the transfer of control is completed. Shipments under agreements with distributors are not subject to return, and payment for these shipments is not contingent on sales by the distributor. Accordingly, the Company recognizes revenue on shipments to distributors in the same manner as with other customers under the ship and bill process. Revenue derived from the rental of equipment is recorded on a monthly basis over the term of the lease. Shipments of consumable products to these rental customers is recorded as orders are received and shipments are made F.O.B. destination or F.O.B. shipping. Revenue derived from consignment agreements is earned as consumables product orders are fulfilled. Therefore, revenue is recognized as control passes to the customer, which is typically when shipments are made F.O.B shipping or F.O.B destination. Revenue derived from service and maintenance contracts is recognized evenly over the life of the service agreement as the services are performed. The following table disaggregates the Company’s product revenue by sales channel and geographic location: Schedule of Disaggregate Revenue by Sales Channel and Geographic Location For the three months ended For the nine months ended March 31, March 31, 2021 2020 2021 2020 Total Surgical $ 10,351,130 $ 9,102,711 $ 29,569,718 $ 28,702,566 Wound 7,996,050 8,799,801 24,769,214 20,067,853 Total $ 18,347,180 $ 17,902,512 $ 54,338,932 $ 48,770,419 Domestic: Surgical $ 6,940,825 $ 6,052,548 $ 19,927,462 $ 16,819,950 Wound 7,872,060 8,725,868 24,454,340 19,762,087 Total $ 14,812,885 $ 14,778,416 $ 44,381,802 $ 36,582,037 International: Surgical $ 3,410,305 $ 3,050,163 $ 9,642,256 $ 11,882,616 Wound 123,990 73,933 314,874 305,766 Total $ 3,534,295 $ 3,124,096 $ 9,957,130 $ 12,188,382 The Company’s international sales include a concentration in China, aggregating $ 0.4 1.4 0 3.1 Beginning with the quarter ended March 31, 2020, Misonix adopted certain changes in its quarterly financial results related to the presentation of its sales performance supplemental data to more accurately reflect the Company’s two separate sales channels - its Surgical and Wound product divisions. The Surgical division includes the Company’s neXus, BoneScalpel and SonaStar product lines, and the Wound division includes the Company’s SonicOne, TheraSkin, Therion, and TheraGenesis product lines. As a result, the Company presents total, domestic and international sales performance supplemental data for its Surgical and Wound divisions. In addition, in the third quarter of 2020, the Company began operating in two business segments, and disclosing the Surgical and Wound businesses as its two segments.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	3. Fair Value of Financial Instruments The Company follows a three-level fair value hierarchy that prioritizes the inputs to measure the fair value of the Company’s financial instruments. This hierarchy requires entities to maximize the use of “observable inputs” and minimize the use of “unobservable inputs.” The three levels of inputs that the Company uses to measure fair value are as follows: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect assumptions that market participants would use in pricing an asset or liability. At March 31, 2021 and June 30, 2020, all of the Company’s cash and cash equivalents, trade accounts receivable and trade accounts payable were short term in nature, and their carrying amounts approximate fair value. The Company’s current and long-term debt arrangements are classified as level 2 financial instruments.

Inventories

Inventories	9 Months Ended
	Mar. 31, 2021
Inventory Disclosure [Abstract]
Inventories	4. Inventories Inventories are summarized as follows: Schedule of Inventories March 31, June 30, 2021 2020 Raw material $ 7,660,367 $ 7,000,453 Work-in-process 657,878 467,037 Finished goods 6,671,421 6,813,034 Inventory, gross 14,989,666 14,280,524 Less obsolescence reserve (575,995 ) (269,840 ) Inventory, net $ 14,413,671 $ 14,010,684

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	5. Property, Plant and Equipment Depreciation and amortization of property, plant and equipment was $ 2.1 1.6 3 5 5

Goodwill

Goodwill	9 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	6. Goodwill Under accounting guidelines, goodwill is not amortized, but must be tested for impairment annually, or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below the carrying amount. The Company reviews goodwill for impairment annually and whenever events or changes indicate that the carrying value of an asset may not be recoverable. These events or circumstances could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of significant assets or products. Application of these impairment tests requires significant judgments, including estimation of cash flows, which is dependent on internal forecasts, estimation of the long-term rate of growth for the Company’s business, the useful lives over which cash flows will occur and determination of the Company’s weighted average cost of capital. The Company also compares its market capitalization to the value of its goodwill to review for evidence of impairment. The Company completes its annual goodwill impairment tests as of March 31 of each year. There were no goodwill impairments recorded during the three and nine months ended March 31, 2021 and 2020. Schedule of Goodwill Surgical Wound Total Balance as of June 30, 2019 $ 1,701,094 $ - $ 1,701,094 Acquisition of Solsys - 109,086,682 109,086,682 Purchase price accounting adjustments - (2,217,026 ) (2,217,026 ) Goodwill (gross) 1,701,094 106,869,656 108,570,750 Accumulated impairment losses - - - Balance as of March 31, 2020 $ 1,701,094 $ 106,869,656 $ 108,570,750 Balance as of June 30, 2020 $ 1,701,094 $ 106,609,256 $ 108,310,350 Purchase price accounting adjustments (75,686 ) (75,686 ) Goodwill (gross) 1,701,094 106,533,570 108,234,664 Accumulated impairment losses - - - Balance as of March 31, 2021 $ 1,701,094 $ 106,533,570 $ 108,234,664

Patents

Patents	9 Months Ended
	Mar. 31, 2021
Patents
Patents	7. Patents The costs of acquiring or processing patents are capitalized at cost. These amounts are being amortized using the straight-line method over the estimated useful lives of the underlying assets, which is approximately 17 years . Patents, net of accumulated amortization, totaled $ 0.8 million and $ 0.8 million at March 31, 2021 and June 30, 2020, respectively. Amortization expense for the nine months ended March 31, 2021 and 2020 was $ 120,000 and $ 98,000 , respectively. The following is a schedule of estimated future patent amortization expenses by fiscal year as of March 31, 2021: Schedule of Future Patent Amortization Expenses 2021 $ 36,833 2022 97,369 2023 96,143 2024 86,874 2025 79,815 Thereafter 366,866 $ 763,900

Intangible Assets

Intangible Assets	9 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	8. Intangible Assets In connection with the Solsys Acquisition, the Company acquired intangible assets primarily consisting of customer relationships, trade names and non-competition agreements. Amortization expense for the nine months ended March 31, 2021 and 2020 were $ 1.2 million and $ 0.8 , respectively. The table below summarizes the intangible assets acquired: Summary of Intangible Assets March 31, June 30, Amortization 2021 2020 Period Customer relationships $ 9,500,000 $ 9,500,000 15 years Trade names 12,800,000 12,800,000 15 years Non-competition agreements 200,000 200,000 1 year Total 22,500,000 22,500,000 Less accumulated amortization (2,387,045 ) (1,218,864 ) Net intangible assets $ 20,112,955 $ 21,281,136 The following is a schedule of estimated future intangible asset amortization expense by fiscal year as of March 31, 2021: Schedule of Estimated Future Intangible Asset Amortization Expense 2021 $ 372,462 2022 1,489,848 2023 1,489,848 2024 1,489,848 2025 1,489,848 Thereafter 13,781,101 $ 20,112,955

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	9 Months Ended
	Mar. 31, 2021
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	9. Accrued Expenses and Other Current Liabilities The following summarizes accrued expenses and other current liabilities: Schedule of Accrued Expenses and Other Current Liabilities March 31, June 30, 2021 2020 Accrued payroll, payroll taxes and vacation $ 2,752,852 $ 2,277,752 Accrued bonus 1,185,249 417,000 Accrued commissions 1,434,985 1,678,966 Professional fees 185,701 355,145 Vendor, tax and other accruals 2,303,710 2,786,888 Accrued expenses and other current liabilities $ 7,862,497 $ 7,515,751

Stock-based Compensation Plans

Stock-based Compensation Plans	9 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Stock-based Compensation Plans	10. Stock-based Compensation Plans Stock Option Awards For the three months ended March 31, 2021 and 2020, the compensation cost relating to stock option awards that has been charged against income for the Company’s stock option plans, excluding the compensation cost for restricted stock, was $ 0.6 0.4 1.9 0.9 As of March 31, 2021, there was approximately $ 5.1 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements to be recognized over a weighted-average period of 2.6 years, which includes $ 0.3 million of unrecognized compensation expense on restricted stock awards. Stock options typically expire 10 years four years The fair value of each option award was estimated on the date of grant using the Black-Scholes option valuation model that uses the assumptions noted in the following table. The expected volatility represents the historical price changes of the Company’s stock over a period equal to that of the expected term of the option. The Company uses the simplified method for determining the option term. The risk-free rate was based on the U.S. Treasury yield curve in effect at the time of grant. The expected dividend yield is based upon historical and projected dividends. The Company has historically not paid dividends, and it does not expect to do so in the near term. There were options to purchase 48,000 185,500 Schedule of Weighted Average Fair Value at Date of Grant for Options For the nine months ended March 31, 2021 2021 2020 Risk-free interest rates 0.44 % 1.67 % Expected option life in years 5.73 6.25 Expected stock price volatility 59.32 % 54.69 % Expected dividend yield 0 % 0 % A summary of option activity under the Company’s equity plans as of March 31, 2021, and changes during the nine months ended March 31, 2021 is presented below: Schedule of Option Activity Options Weighted Average Aggregate Outstanding Exercise Intrinsic Shares Price Value Outstanding as of June 30, 2020 1,778,070 $ 11.81 $ 5,164,938 Vested and exercisable at June 30, 2020 683,442 $ 9.16 $ 3,156,051 Granted 48,000 13.37 Exercised (33,296 ) 7.44 Forfeited (82,664 ) 12.50 Expired - - Outstanding as of March 31, 2021 1,710,110 $ 11.90 $ 13,475,442 Vested and exercisable at March 31, 2021 933,434 $ 10.47 $ 8,597,840 The number and weighted-average grant-date fair value of stock options which vested during the nine months ended March 31, 2021 was 288,046 7.14 776,676 7.28 Restricted Stock Awards On December 15, 2016, the Company issued 400,000 9.60 3 5 1.6 2.1 66.5 These awards vest over a period of up to five years, subject to meeting certain service, performance and market conditions. 3.6 0.1 0.1 0.4 0.4 As of March 31, 2021, there was approximately $ 0.3 0.6 240,200

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies Leases The Company has entered into operating leases primarily for real estate and to a lesser extent for office copiers. The Company has entered into one finance lease for manufacturing equipment. The Company does not expect finance leases to become material. All leases generally have terms that range from 1 year to 6 years. Operating leases are included in “Lease right-of-use assets” and Finance leases are included in “Other assets” on the Company’s Condensed Consolidated Balance Sheets and represent the Company’s right to use the underlying asset for the lease term. The Company’s obligation to make lease payments on operating leases are included in “Current portion of lease liabilities” and “Lease liabilities”. The Company’s obligation to make lease payments on finance leases are included in “Accrued expenses and other current liabilities” and “Other non-current liabilities” on the Company’s Condensed Consolidated Balance sheets. Based on the present value of the lease payments for the remaining lease term of the Company’s existing leases, the Company recognized right-of-use assets of approximately $ 0.4 million and lease liabilities for operating leases of approximately $ 0.4 million on July 1, 2019. Lease right-of-use assets and liabilities commencing after July 1, 2019 are recognized at their commencement date based on the present value of lease payments over the lease term. The Company has entered into various short-term operating leases with an initial term of 12 months or less. These leases are not recorded on the Company’s Condensed Consolidated Balance Sheets. Lease expense for operating leases is recognized on a straight-line basis over the lease term, within “Operating expenses” in the Company’s Condensed Consolidated Statements of Operations. Lease expense for finance leases is recorded as Depreciation expense within “Operating expenses”, and in “Interest expense”. During the nine months ended March 31, 2021 and 2020, the Company recognized approximately $ 0.5 million and $ 0.4 million, respectively, in total operating lease costs for right-of-use assets. Because the rate implicit in each operating lease is not readily determinable, the Company uses its incremental borrowing rate to determine the present value of the lease payments. The incremental borrowing rate used for operating leases entered into during the nine months ended March 31, 2021 was 10.9% . The finance lease contains a stated rate of 3.0% , and therefore the rate explicit in the lease was used for the finance lease. There were no new leases entered into in the prior period. The incremental borrowing rate used upon transition to ASC 842 was 10.5% . Information related to the Company’s right-of-use assets and related lease liabilities were as follows: Schedule of Information Related to Right-of-use Assets and Related Lease Liabilities Classification 2021 2020 March 31, Balance Sheet Classification 2021 2020 Right-of-use assets Operating leases Lease right-of-use assets $ 1,108,454 $ 1,266,237 Finance leases Other assets 80,779 - Total $ 1,189,233 $ 1,266,237 Short-term Lease Liabilities Operating leases Current portion of lease liabilities $ 508,924 $ 342,658 Finance leases Accrued expenses and other current liabilities 16,064 - Total $ 524,988 $ 342,658 Long-term Lease Liabilities Operating leases Lease liabilities $ 645,804 $ 765,627 Finance leases Other non-current liabilities 61,666 - Total $ 707,470 $ 765,627 March 31, 2021 2020 Cash paid for lease liabilities Operating leases $ 446,212 $ 355,381 Finance leases $ 8,065 $ - Right-of-use assets obtained in exchange for new lease obligations Operating leases $ 361,999 $ 1,378,409 Finance leases $ 85,185 $ - Weighted-average remaining lease term (in years) Operating leases 2.98 4.00 Finance leases 4.58 - Weighted-average discount rate Operating leases 10.6 % 10.5 % Finance leases 3.0 % - Maturities of lease liabilities as of March 31, 2021 were as follows: Schedule of Future Minimum Lease Payments Operating Leases Finance Leases 2021 151,869 4,542 2022 522,469 18,169 2023 273,917 18,169 2024 274,512 18,169 2025 129,211 18,169 Thereafter 1,644 6,056 Total payments 1,353,622 83,274 Less imputed interest (198,894 ) (5,544 ) Total lease liabilities $ 1,154,728 $ 77,730 Former Chinese Distributor – Litigation On March 23, 2017, the Company’s former distributor in China, Cicel (Beijing) Science & Technology Co., Ltd., filed a lawsuit against the Company and certain of its officers and directors in the United States District Court for the Eastern District of New York, alleging that the Company improperly terminated its contract with the former distributor. The complaint sought various remedies, including compensatory and punitive damages, specific performance and preliminary and post judgment injunctive relief, and asserted various causes of action, including breach of contract, unfair competition, tortious interference with contract, fraudulent inducement, and conversion. On October 7, 2017, the court granted the Company’s motion to dismiss each of the tort claims asserted against the Company, and also granted the individual defendants’ motion to dismiss all claims asserted against them. On January 23, 2020, the Court granted Cicel’s motion to amend its complaint, to include claims for alleged defamation and theft of trade secrets in addition to the breach of contract claim. The Company believes that it has various legal and factual defenses to the allegations in the complaint and intends to defend the action vigorously. Fact discovery in the case is ongoing, and there is no trial date currently set.

Financing Arrangements

Financing Arrangements	9 Months Ended
	Mar. 31, 2021
Financing Arrangements
Financing Arrangements	12. Financing Arrangements Notes payable consists of the following as of March 31, 2021 and June 30, 2020: Schedule of Note Payable March 31, June 30, 2021 2020 Revolving credit facility $ 8,100,000 $ 8,400,000 PPP Note Payable 5,199,487 5,199,487 Term loans 30,095,761 30,095,762 Total 43,395,248 43,695,249 Less current portion of notes payable (4,621,766 ) (5,099,744 ) Notes payable $ 38,773,482 $ 38,595,505 Following are the scheduled maturities of the notes payable for the twelve-month periods ending June 30: Scheduled Maturities of Notes Payable March 31,2021 2021 $ - 2022 6,449,487 2023 13,100,000 2024 5,000,000 2025 18,845,761 Total $ 43,395,248 Revolving Credit Facility Through the Solsys Acquisition, the Company became party to a $5.0 January 22, 2021 On December 26, 2019 (the “Effective Date”), the Company entered into a Loan and Security Agreement (the “New Loan and Security Agreement”) among the Company, Misonix OpCo, Inc. and Solsys, as borrowers, and Silicon Valley Bank. The New Loan and Security Agreement provides for a revolving credit facility (the “New Credit Facility”) in an aggregate principal amount of up to $20.0 Borrowings under the New Credit Facility were used in part to repay the amount of $3.75 December 26, 2022 rate equal to the greater of the “Prime Rate” and 5.25%. $0.1 The New Loan and Security Agreement contains representations and warranties and covenants that the Company believes are customary for agreements of this type, including covenants applicable to the Company and its subsidiaries limiting indebtedness, liens, substantial asset sales and mergers as well as financial maintenance covenants and other provisions. The New Loan and Security Agreement contains customary events of default. Upon the occurrence of an event of default, the lender may accelerate the indebtedness under the New Credit Facility, provided, that in the case of certain bankruptcy or insolvency events of default, the indebtedness under the New Credit Facility will automatically accelerate. If the New Credit Facility or the New Loan and Security Agreement terminates before the maturity date of December 26, 2022 1% The termination fee would not apply if the New Credit Facility or the New Loan and Security Agreement terminates before the maturity date for either of the following reasons: (1) the New Credit Facility is replaced with another new credit facility from Silicon Valley Bank or (2) Silicon Valley Bank sells, transfers, assigns or negotiates its obligations, rights and benefits under the New Loan and Security Agreement and related loan documentation to another person or entity that is not an affiliate of Silicon Valley Bank and the Company terminates the New Loan and Security Agreement or the New Credit Facility within sixty days thereof (unless the Company consented to that sale, transfer, assignment or negotiation). As of March 31, 2021, the outstanding principal balance of the New Credit Facility is $8.1 Notes Payable On September 27, 2019, the Company entered into an amended and restated credit agreement (“SWK Credit Agreement”) with SWK Holdings Corporation (“SWK”) pursuant to a commitment letter whereby SWK (a) consented to the Solsys Acquisition and (b) agreed to provide financing to the Company. Through the Solsys Acquisition, the Company became party to a $20.1 million note payable to SWK. The SWK credit facility originally provided an additional $5.0 million in financing, totaling approximately $25.1 million, a maturity date of June 30, 2023 , and an interest rate that varied between LIBOR plus 7.00% and LIBOR plus 10.25% (depending on the Company’s consolidated EBITDA or market capitalization). On December 23, 2019 the parties amended the SWK Credit Agreement (as so amended, the “Amended SWK Credit Agreement”) to, among other things, provide an additional $5 $30.1 interest payable to between LIBOR plus 7.50% and LIBOR plus 10.25% On December 16, 2020 the parties further amended the SWK Credit Agreement to, among other things, (1) modify the interest payable to accrue interest at a variable rate of the greater of 2.0% or the three-month LIBOR, with a maximum variable rate of 3%, plus a margin of between 7.5% and 10.25% (depending on the Company’s EBITDA or market capitalization), (2) extend the interest only period such that quarterly principal payments of $1.25 The Company may prepay the loans subject to a prepayment fee of (a) 3.2% of the amount prepaid if such prepayment is made prior to September 27, 2021, (b) 1.00% of the amount prepaid if such prepayment is made on or after September 27, 2021 and prior to March 31, 2023 or (c) $0 if such prepayment is made on or after March 31, 2023. As of March 31, 2021, the outstanding principal balance of the term loans under the Amended SWK Credit Agreement is approximately $30.1 Under the terms of the Amended SWK Credit Agreement, the Company is required to meet certain additional financial covenants requiring, among other things, (a) a minimum amount of unencumbered liquid assets that varies based on the Company’s market capitalization, (b) minimum aggregate revenue of specified amounts for the nine month period ending March 31, 2020, and for the 12 month period ending on the last day of the subsequent fiscal quarters and (c) minimum EBITDA at levels that will vary based on the Company’s market capitalization. The Company’s obligations under the Amended SWK Credit Agreement are (i) guaranteed by Misonix OpCo, Inc., and (ii) secured by a first lien on substantially all assets of the Company, Solsys and Misonix OpCo, Inc. and a second lien position on accounts receivable and inventory of the same entities Paycheck Protection Program Loan On April 5, 2020, the Company applied for an unsecured $5.2 $5.2 The PPP Loan has a maturity date of April 4, 2022 and accrues interest at an annual rate of 0.98% . In October 2020, the SBA released guidance that allows borrowers an additional ten months of deferral of the start of principal and interest payments. Therefore, interest and principal payments are now deferred for the first sixteen months of the loan. Thereafter, monthly interest and principal payments are due until the loan is fully satisfied at the end of 24 months. The promissory note evidencing the PPP Loan contains customary events of default relating to, among other things, payment defaults and provisions of the promissory note. The PPP permits borrowers to apply for forgiveness for some or all of the loans based on meeting certain criteria. The SBA continues to issue guidance surrounding the criteria for loan forgiveness, and although the Company intends to use the proceeds from the PPP Loans for qualified expenses and to apply for forgiveness, there can be no assurance whether such application for forgiveness will be approved by the SBA.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	13. Related Party Transactions Minoan Medical (Pty) Ltd. (“Minoan”) (formerly Applied BioSurgical) is an independent distributor for the Company in South Africa. The chief executive officer of Minoan is also the brother of Stavros G. Vizirgianakis, the Company’s Chief Executive Officer. Set forth below is a table showing the Company’s net revenues for the nine months ended March 31, 2021 and 2020 and accounts receivable at March 31, 2021 and 2020 with Minoan: Schedule of Net Sales and Accounts Receivables For the nine months ended March 31, 2021 2020 Sales $ 1,258,179 $ 1,435,662 Accounts receivable $ 396,018 $ 299,421

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	14. Income Taxes There was no 0.5 4.5 0 0 7.5 34 On March 27, 2020, President Trump signed into law the CARES Act. The CARES Act contains various corporate tax provisions; however, these benefits do not impact Company’s current tax provision.

Segment Reporting

Segment Reporting	9 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Segment Reporting	15. Segment Reporting Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated on a regular basis by the chief operating decision-maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance of the segment. Starting with the quarter ended March 31, 2020, the Company began operating in two segments, organized by its sales channels and product types – the Surgical and the Wound segment. Prior to the quarter ended March 31, 2020, the Company operated as one Segment gross profit include: Schedule of Segment Gross Profit and Gross Profit Margin Surgical Wound Consolidated For the three months ended March 31, 2021 Total revenue $ 10,351,130 $ 7,996,050 $ 18,347,180 Gross profit $ 7,125,159 $ 5,819,267 $ 12,944,426 Surgical Wound Consolidated For the nine months ended March 31, 2021 Total revenue $ 29,569,718 $ 24,769,214 $ 54,338,932 Gross profit $ 20,524,517 $ 18,036,362 $ 38,560,879 Surgical Wound Consolidated For the three months ended March 31, 2020 Total revenue $ 9,102,711 $ 8,799,801 $ 17,902,512 Gross profit $ 6,175,222 $ 6,415,725 $ 12,590,947 Surgical Wound Consolidated For the nine months ended March 31, 2020 Total revenue $ 28,702,566 $ 20,067,853 $ 48,770,419 Gross profit $ 19,588,322 $ 14,688,776 $ 34,277,098 Worldwide revenue for the Company’s products is categorized as follows: Schedule of Revenue For the three months ended For the nine months ended March 31, March 31, 2021 2020 2021 2020 Domestic $ 14,812,885 $ 14,778,416 $ 44,381,802 $ 36,582,037 International 3,534,295 3,124,096 9,957,130 12,188,382 Total $ 18,347,180 $ 17,902,512 $ 54,338,932 $ 48,770,419 All of the Company’s long-lived assets are located in the United States. The Company’s international revenue includes a concentration in China, aggregating $ 0.4 1.4 0 3.1

Acquisitions Solsys Medical, LL

Acquisitions Solsys Medical, LLC	9 Months Ended
	Mar. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Acquisitions Solsys Medical, LLC	16. Acquisitions Solsys Medical, LLC On September 27, 2019, the Company completed the Solsys Acquisition. The purchase price was approximately $ 108.6 5,703,082 19.05 4.5 3.1 1.4 1.8 1.4 The transaction was accounted for using the acquisition method of accounting in accordance with FASB ASC Topic 805. U.S. GAAP requires that one of the companies in the transactions be designated as the acquirer for accounting purposes based on the evidence available. Misonix was treated as the acquiring entity for accounting purposes. The purchase price allocation of the Solsys acquisition was completed as of September 30, 2020, and is shown in the following table: Schedule of Preliminary Purchase Price Allocation Cash $ 5,525,601 Accounts receivable 6,173,371 Inventory 98,911 Prepaid expenses 88,863 Indemnified asset - sales tax 150,000 Property and equipment 673,353 Lease assets 946,617 Customer relationships 9,500,000 Trade names 12,800,000 Non-competition agreements 200,000 Accounts payable and other current liabilities (4,694,878 ) Lease liabilities (860,490 ) Deferred tax liability (4,575,507 ) Notes payable (23,915,701 ) Total identifiable net assets 2,110,140 Goodwill 106,533,570 Total consideration $ 108,643,710 The fair values of the Solsys assets and liabilities were determined based on estimates and assumptions that management believes are reasonable. The goodwill from the acquisition of Solsys, which is fully deductible for tax purposes, consists largely of synergies and economies of scale expected from combining the operations of Solsys and the Company’s existing business. The estimate of fair value of the Solsys identifiable intangible assets was determined primarily using the “income approach,” which requires a forecast of all of the expected future cash flows either through the use of the multi-period excess earnings method or the relief-from-royalty method. Some of the more significant assumptions inherent in the development of intangible asset values include: the amount and timing of projected future cash flows, the discount rate selected to measure the risks inherent in the future cash flows, the assessment of the intangible asset’s life cycle, revenue growth rates and EBITDA margins, as well as other factors. The following table summarizes key information underlying intangible assets related to the Solsys Acquisition: Schedule of Intangible Assets March 31, June 30, Amortization 2021 2020 Period Customer relationships $ 9,500,000 $ 9,500,000 15 Trade names 12,800,000 12,800,000 15 Non-competition agreements 200,000 200,000 1 Total 22,500,000 22,500,000 Less accumulated amortization (2,387,045 ) (1,218,864 ) Net intangible assets $ 20,112,955 $ 21,281,136 Solsys’ operations were consolidated with those of the Company for the period September 27, 2019 through December 31, 2020. Had the acquisition occurred as of the beginning of fiscal 2018, revenue and net loss, on a pro forma basis excluding transaction fees and the one-time tax benefit, for the combined company would have been as follows: Schedule of Revenue and Net Loss, on Pro Forma Basis For the nine months ended March 31, 2021 2020 Revenue $ 54,338,932 $ 57,151,615 Net loss $ (10,000,053 ) $ (11,542,176 ) Pro forma net loss for the nine months ended March 31, 2020 was adjusted to exclude $ 4.3 4.5 0.2 0.4

Basis of Presentation, Organi_2

Basis of Presentation, Organization and Business and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation These Condensed Consolidated Financial Statements of Misonix, Inc. (“Misonix” or the “Company”) include the accounts of Misonix and its subsidiaries, each of which is 100 The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, these Condensed Consolidated Financial Statements do not include all the information and footnotes required by U.S. GAAP for complete financial statements. As such, they should be read with reference to the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2020 (the “2020 Form 10-K”), which provides a more complete explanation of the Company’s accounting policies, financial position, operating results, business properties and other matters. In the opinion of management, these Condensed Consolidated Financial Statements reflect all adjustments, which are of a normal recurring nature, considered necessary for a fair statement of interim results.
Organization and Business	Organization and Business Misonix designs, manufactures, markets, sells and distributes minimally invasive surgical ultrasonic medical devices and markets, sells and distributes skin allografts and wound care products used to support healing of wounds, and which complement Misonix’s ultrasonic medical devices. Misonix’s ultrasonic products are used for precise bone sculpting, removal of soft and hard tumors and tissue debridement, primarily in the areas of neurosurgery, orthopedic surgery, general surgery, plastic surgery, wound care and maxillo-facial surgery. The Company strives to have its proprietary procedural solutions become the standard of care and enhance patient outcomes throughout the world. The Company intends to accomplish this, in part, by utilizing its best-in-class surgical ultrasonic technology to improve patient outcomes in spinal surgery, neurosurgery and wound care. The Company’s neXus generator combines the capabilities of its three legacy ultrasonic products into a single system that can be used to perform soft and hard tissue resections. The Company continues to market and sell these legacy ultrasonic products, which are: ● BoneScalpel Surgical System, or BoneScalpel, which is used for surgical procedures involving the precise cutting and sculpting of bone while sparing soft tissue. BoneScalpel is now recognized by many surgeons globally as a critical surgical tool enabling improved patient outcomes in the spine surgery arena. ● SonaStar Surgical Aspirator, or SonaStar, which is used to emulsify and remove soft and hard tumors, primarily in the neuro and general surgery fields. ● SonicOne Wound Debridement System, or SonicOne, which offers tissue specific debridement and cleansing of wounds and burns for effective removal of devitalized tissue and fibrin deposits while sparing viable cells. Each of the Company’s medical device systems consist of a proprietary console and handpiece that function to convert electrical current into ultrasonic energy, ultimately delivered via a disposable titanium tip, to produce a therapeutic effect. neXus ® neXus is a next generation integrated ultrasonic surgical platform that combines all the features of the Company’s existing solutions, including BoneScalpel, SonicOne and SonaStar, into a single fully integrated platform that will also serve to power future solutions. The neXus platform is driven by a new proprietary digital algorithm that results in more power, efficiency, and control. The device incorporates Smart Technology that allows for easier setup and use. neXus’ increased power improves tissue resection rates for both soft and hard tissue removal making it a unique surgical platform for a variety of different surgical specialties. In addition, neXus’ ease of use enables physicians to fully leverage neXus’ impressive set of capabilities via its digital touchscreen display and smart system setup. The Company’s current ultrasonic applications; BoneScalpel, SonaStar and SonicOne all work on the neXus generator. This allows a hospital to access all of the Company’s product offerings on this all in one console. neXus received FDA 510(k) clearance in June 2019 and received its CE mark clearance in July 2019 for sale in Europe. neXus is principally sold in the United States. BoneScalpel® The BoneScalpel is a state of the art, ultrasonic bone cutting and sculpting system capable of enabling precise cuts with minimal necrosis, minimal burn artifact, minimal inflammation and minimal bone loss. The device is also capable of preserving surrounding soft tissue structures because of its ability to differentiate soft tissue from rigid bone. This device can make precise linear or curved cuts, on any plane, with precision not normally associated with powered instrumentation. The Company believes BoneScalpel offers the speed and convenience of a powered instrument without the dangers associated with conventional rotary devices. The effect on surrounding soft tissue is minimal due to the elastic and flexible structure of healthy tissue. This is a significant advantage in anatomical regions like the spine where patient safety is of primary concern. In addition, the linear motion of the blunt, tissue-impacting tips avoids accidental ‘trapping’ of soft tissue while largely eliminating the high-speed spinning and tearing associated with rotary power instruments. The BoneScalpel allows surgeons to improve on existing surgical techniques by creating new approaches to bone cutting and sculpting and removal, leading to substantial time-savings and increased operation efficiencies. SonaStar® The SonaStar System provides powerful and precise aspiration following the ultrasonic ablation of soft tissue. The SonaStar has been used for a wide variety of surgical procedures applying both open and minimally invasive approaches, including neurosurgery and general surgery. The SonaStar may also be used with OsteoSculpt® probe tips, which enable the precise shaping or shaving of bony structures that prevent open access to partially or completely hidden soft tissue masses. SonicOne® The SonicOne Ultrasonic Cleansing and Debridement System is a highly innovative, tissue specific approach for the effective removal of devitalized or necrotic tissue and fibrin deposits while sparing viable, surrounding cellular structures. The tissue specific capability is, in part, due to the fact that healthy and viable tissue structures have a higher elasticity and flexibility than necrotic tissue and are more resistant to destruction from the impact effects of ultrasound. The ultrasonic debridement process separates devitalized tissue from viable tissue layers, allowing for a more defined treatment and, usually, a reduced pain sensation. The Company believes SonicOne establishes a new standard in wound bed preparation, the essential first step in the healing process, while contributing to a faster patient healing. TheraSkin® TheraSkin is a biologically active human skin allograft that has all of the relevant characteristics of human skin needed to heal wounds, including living cells, growth factors, and a collagen matrix. TheraSkin is derived from human skin tissue from consenting and highly screened donors and is regulated by the FDA as a Human Cells, Tissues, and Cellular and Tissue-Based Product. LifeNet processes and supplies TheraSkin to the Company under a supply and distribution agreement that gives the Company exclusive rights to sell TheraSkin in the United States. TheraSkin is indicated for use on all external skin tissue wounds, including but not limited to difficult to heal diabetic foot ulcers, venous leg ulcers, dehisced surgical wounds, necrotizing fasciitis, burns, Mohs and wounds with exposed structures. Therion® Therion is indicated for use as a cover and barrier for homologous use for wound care and surgical procedures. Therion is a dehydrated and terminally sterilized chorioamniotic allograft derived from human placental membrane and is regulated by the FDA as a Human Cells, Tissues, and Cellular and Tissue-Based Product. CryoLife processes and supplies Therion to the Company under a supply and distribution agreement that gives the Company exclusive rights to distribute the product in the United States. CryoLife processes Therion using a proprietary process that removes the maternal-derived decidua cells from the placental membrane, leaving the amnion and chorion layers in their native configuration. TheraGenesis® TheraGenesis is a Bilayer Wound Matrix and Meshed Bilayer Wound Matrix consisting of a porcine collagen sponge layer and a silicone film layer that provides a scaffold for cellular invasion and capillary growth for management of wounds including partial and full-thickness wounds, chronic wounds, surgical wounds, trauma wounds and draining wounds. The Company obtains TheraGenesis under an exclusive supply and distribution agreement with Gunze Limited that gives the Company exclusive rights to distribute the product in the United States. Sales and Distribution; Reportable Segments In the United States, the Company sells its products through its direct sales force, in addition to a network of commissioned agents assisted by Misonix personnel. Outside of the United States, the Company sells BoneScalpel and SonaStar through distributors who then resell the products to hospitals. The Company sells to all major markets in the Americas, Europe, Middle East, Asia Pacific, and Africa. The Company manufactures and sells its products in two
Risks and Uncertainties	Risks and Uncertainties The Company’s business is subject to material risks and uncertainties as a result of the coronavirus (“COVID-19”) pandemic. The extent of the impact of the COVID-19 pandemic on the Company’s business is highly uncertain and difficult to predict, as the response to the pandemic continues to rapidly evolve. As a result of COVID-19, the Company’s customers diverted resources to treat COVID-19 patients and deferred elective surgical procedures, both of which have and are likely to continue to impact demand for the Company’s products. While we expect to see gradual improvement during the remainder of fiscal 2021 as elective surgical procedure volumes return to pre-COVID-19 levels in some jurisdictions, we could experience further variable impacts on our business if a resurgence of the virus emerges and/or elective procedures continue to be deferred. The Company is also monitoring news reports that indicate that several jurisdictions are experiencing new increases in the rate of infection by COVID-19 which could result in further mitigation efforts. Furthermore, capital markets and economies worldwide have also been negatively impacted by the COVID-19 pandemic, and it is possible that it could cause a local and/or global economic recession. Such economic disruption could have a material adverse effect on the Company’s business as hospitals and surgery centers curtail and reduce capital and overall spending. Policymakers around the globe have responded with fiscal policy actions to support the healthcare industry and economy as a whole. The magnitude and overall effectiveness of these actions and the Company’s ability to benefit from them remains uncertain. The severity of the impact of the COVID-19 pandemic on the Company’s business will depend on a number of factors, including, but not limited to, the duration and severity of the pandemic and the extent and severity of the impact on the Company’s customers, all of which are uncertain and cannot be predicted. The Company’s future results of operations and liquidity could be materially and adversely impacted by delays in payments of outstanding receivable amounts beyond normal payment terms, supply chain disruptions and uncertain demand, and the impact of any initiatives or programs that the Company may undertake to address financial and operations challenges faced by its customers. As of the date of issuance of these Condensed Consolidated Financial Statements, the extent to which the COVID-19 pandemic may materially impact the Company’s financial condition, liquidity, or results of operations is uncertain.
Acquisition of Solsys Medical, LLC	Acquisition of Solsys Medical, LLC On September 27, 2019, the Company completed the acquisition (the “Solsys Acquisition”) of Solsys Medical, LLC (“Solsys”), a privately held regenerative medical company, in an all-stock transaction valued at approximately $ 109 64 36 5,703,082 4.5 1.4 The Company’s common stock was created with a par value per share of $ .0001 .01 151,964
Major Customers and Concentration of Credit Risk	Major Customers and Concentration of Credit Risk For the three and nine months ended March 31, 2021 and 2020, the Company did not have any customers exceeding 10% of total revenue. At March 31, 2021 and June 30, 2020, the Company’s accounts receivable with customers outside the United States were approximately $ 2.1 2.0 0.3 0.8 If one or more of the Company’s major customers continues to be adversely affected by COVID-19 or otherwise as a result of the current market environment, that may result in a material decline in the Company’s business received from them. Additionally, the Company may face an increased risk of its customers’ inability to make payments or remain solvent.
Earnings Per Share	Earnings Per Share Earnings per share (“EPS”) is calculated using the two-class method, which allocates earnings among common stock and participating securities to calculate EPS when an entity’s capital structure includes either two or more classes of common stock or common stock and participating securities. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities. As such, unvested restricted stock awards of the Company are considered participating securities. The dilutive effect of options and their equivalents (including non-vested stock issued under stock-based compensation plans), is computed using the “treasury” method. Basic income per common share is based on the weighted average number of common shares outstanding during the period. Diluted income per common share includes the dilutive effect of potential common shares outstanding. The following table sets forth the reconciliation of the Company’s basic and diluted earnings per share calculation: Schedule of Basic and Diluted Earnings Per Share Calculation For the three months For the nine months March 31, March 31, 2021 2020 2021 2020 Basic weighted average shares outstanding 17,226,181 16,619,981 17,219,221 13,841,032 Dilutive effect of restricted stock awards (participating securities) - - - - Denominator for basic earnings per share 17,226,181 16,619,981 17,219,221 13,841,032 Dilutive effect of stock options - - - - Diluted weighted average shares outstanding 17,226,181 16,619,981 17,219,221 13,841,032 Diluted EPS for the three and nine months ended March 31, 2021 as presented is the same as basic EPS as the inclusion of the effect of common share equivalents then outstanding would be anti-dilutive. Accordingly, excluded from the calculation of basic and diluted EPS are the dilutive effect of options to purchase 407,413 398,920 268,495 562,388
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instrument (“ASU 2016-13”). ASU 2016-13 replaces the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. ASU 2016-13 is effective for SEC small business filers for fiscal years beginning after December 15, 2022. Management is currently assessing the impact that ASU 2016-13 will have on the Company. There are no other recently issued accounting pronouncements that are expected to have a material effect on the Company’s financial position, results of operations or cash flows. Critical Accounting Policies and Use of Estimates
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions are used for, but not limited to, establishing the allowance for doubtful accounts, valuation of inventory, depreciation, valuation of assets acquired and liabilities assumed in business combinations, asset impairment evaluations, establishing deferred tax assets and related valuation allowances, and stock-based compensation accounting. Actual results could differ from those estimates.

Basis of Presentation, Organi_3

Basis of Presentation, Organization and Business and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Basic and Diluted Earnings Per Share Calculation	Basic income per common share is based on the weighted average number of common shares outstanding during the period. Diluted income per common share includes the dilutive effect of potential common shares outstanding. The following table sets forth the reconciliation of the Company’s basic and diluted earnings per share calculation: Schedule of Basic and Diluted Earnings Per Share Calculation For the three months For the nine months March 31, March 31, 2021 2020 2021 2020 Basic weighted average shares outstanding 17,226,181 16,619,981 17,219,221 13,841,032 Dilutive effect of restricted stock awards (participating securities) - - - - Denominator for basic earnings per share 17,226,181 16,619,981 17,219,221 13,841,032 Dilutive effect of stock options - - - - Diluted weighted average shares outstanding 17,226,181 16,619,981 17,219,221 13,841,032

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregate Revenue by Sales Channel and Geographic Location	The following table disaggregates the Company’s product revenue by sales channel and geographic location: Schedule of Disaggregate Revenue by Sales Channel and Geographic Location For the three months ended For the nine months ended March 31, March 31, 2021 2020 2021 2020 Total Surgical $ 10,351,130 $ 9,102,711 $ 29,569,718 $ 28,702,566 Wound 7,996,050 8,799,801 24,769,214 20,067,853 Total $ 18,347,180 $ 17,902,512 $ 54,338,932 $ 48,770,419 Domestic: Surgical $ 6,940,825 $ 6,052,548 $ 19,927,462 $ 16,819,950 Wound 7,872,060 8,725,868 24,454,340 19,762,087 Total $ 14,812,885 $ 14,778,416 $ 44,381,802 $ 36,582,037 International: Surgical $ 3,410,305 $ 3,050,163 $ 9,642,256 $ 11,882,616 Wound 123,990 73,933 314,874 305,766 Total $ 3,534,295 $ 3,124,096 $ 9,957,130 $ 12,188,382

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Mar. 31, 2021
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories are summarized as follows: Schedule of Inventories March 31, June 30, 2021 2020 Raw material $ 7,660,367 $ 7,000,453 Work-in-process 657,878 467,037 Finished goods 6,671,421 6,813,034 Inventory, gross 14,989,666 14,280,524 Less obsolescence reserve (575,995 ) (269,840 ) Inventory, net $ 14,413,671 $ 14,010,684

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Schedule of Goodwill Surgical Wound Total Balance as of June 30, 2019 $ 1,701,094 $ - $ 1,701,094 Acquisition of Solsys - 109,086,682 109,086,682 Purchase price accounting adjustments - (2,217,026 ) (2,217,026 ) Goodwill (gross) 1,701,094 106,869,656 108,570,750 Accumulated impairment losses - - - Balance as of March 31, 2020 $ 1,701,094 $ 106,869,656 $ 108,570,750 Balance as of June 30, 2020 $ 1,701,094 $ 106,609,256 $ 108,310,350 Purchase price accounting adjustments (75,686 ) (75,686 ) Goodwill (gross) 1,701,094 106,533,570 108,234,664 Accumulated impairment losses - - - Balance as of March 31, 2021 $ 1,701,094 $ 106,533,570 $ 108,234,664

Patents (Tables)

Patents (Tables)	9 Months Ended
	Mar. 31, 2021
Patents
Schedule of Future Patent Amortization Expenses	Schedule of Future Patent Amortization Expenses 2021 $ 36,833 2022 97,369 2023 96,143 2024 86,874 2025 79,815 Thereafter 366,866 $ 763,900

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets	Summary of Intangible Assets March 31, June 30, Amortization 2021 2020 Period Customer relationships $ 9,500,000 $ 9,500,000 15 years Trade names 12,800,000 12,800,000 15 years Non-competition agreements 200,000 200,000 1 year Total 22,500,000 22,500,000 Less accumulated amortization (2,387,045 ) (1,218,864 ) Net intangible assets $ 20,112,955 $ 21,281,136
Schedule of Estimated Future Intangible Asset Amortization Expense	The following is a schedule of estimated future intangible asset amortization expense by fiscal year as of March 31, 2021: Schedule of Estimated Future Intangible Asset Amortization Expense 2021 $ 372,462 2022 1,489,848 2023 1,489,848 2024 1,489,848 2025 1,489,848 Thereafter 13,781,101 $ 20,112,955

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended
	Mar. 31, 2021
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	The following summarizes accrued expenses and other current liabilities: Schedule of Accrued Expenses and Other Current Liabilities March 31, June 30, 2021 2020 Accrued payroll, payroll taxes and vacation $ 2,752,852 $ 2,277,752 Accrued bonus 1,185,249 417,000 Accrued commissions 1,434,985 1,678,966 Professional fees 185,701 355,145 Vendor, tax and other accruals 2,303,710 2,786,888 Accrued expenses and other current liabilities $ 7,862,497 $ 7,515,751

Stock-based Compensation Plans

Stock-based Compensation Plans (Tables)	9 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Schedule of Weighted Average Fair Value at Date of Grant for Options	Schedule of Weighted Average Fair Value at Date of Grant for Options For the nine months ended March 31, 2021 2021 2020 Risk-free interest rates 0.44 % 1.67 % Expected option life in years 5.73 6.25 Expected stock price volatility 59.32 % 54.69 % Expected dividend yield 0 % 0 %
Schedule of Option Activity	A summary of option activity under the Company’s equity plans as of March 31, 2021, and changes during the nine months ended March 31, 2021 is presented below: Schedule of Option Activity Options Weighted Average Aggregate Outstanding Exercise Intrinsic Shares Price Value Outstanding as of June 30, 2020 1,778,070 $ 11.81 $ 5,164,938 Vested and exercisable at June 30, 2020 683,442 $ 9.16 $ 3,156,051 Granted 48,000 13.37 Exercised (33,296 ) 7.44 Forfeited (82,664 ) 12.50 Expired - - Outstanding as of March 31, 2021 1,710,110 $ 11.90 $ 13,475,442 Vested and exercisable at March 31, 2021 933,434 $ 10.47 $ 8,597,840

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Information Related to Right-of-use Assets and Related Lease Liabilities	Schedule of Information Related to Right-of-use Assets and Related Lease Liabilities Classification 2021 2020 March 31, Balance Sheet Classification 2021 2020 Right-of-use assets Operating leases Lease right-of-use assets $ 1,108,454 $ 1,266,237 Finance leases Other assets 80,779 - Total $ 1,189,233 $ 1,266,237 Short-term Lease Liabilities Operating leases Current portion of lease liabilities $ 508,924 $ 342,658 Finance leases Accrued expenses and other current liabilities 16,064 - Total $ 524,988 $ 342,658 Long-term Lease Liabilities Operating leases Lease liabilities $ 645,804 $ 765,627 Finance leases Other non-current liabilities 61,666 - Total $ 707,470 $ 765,627 March 31, 2021 2020 Cash paid for lease liabilities Operating leases $ 446,212 $ 355,381 Finance leases $ 8,065 $ - Right-of-use assets obtained in exchange for new lease obligations Operating leases $ 361,999 $ 1,378,409 Finance leases $ 85,185 $ - Weighted-average remaining lease term (in years) Operating leases 2.98 4.00 Finance leases 4.58 - Weighted-average discount rate Operating leases 10.6 % 10.5 % Finance leases 3.0 % -
Schedule of Future Minimum Lease Payments	Schedule of Future Minimum Lease Payments Operating Leases Finance Leases 2021 151,869 4,542 2022 522,469 18,169 2023 273,917 18,169 2024 274,512 18,169 2025 129,211 18,169 Thereafter 1,644 6,056 Total payments 1,353,622 83,274 Less imputed interest (198,894 ) (5,544 ) Total lease liabilities $ 1,154,728 $ 77,730

Financing Arrangements (Tables)

Financing Arrangements (Tables)	9 Months Ended
	Mar. 31, 2021
Financing Arrangements
Schedule of Note Payable	Schedule of Note Payable March 31, June 30, 2021 2020 Revolving credit facility $ 8,100,000 $ 8,400,000 PPP Note Payable 5,199,487 5,199,487 Term loans 30,095,761 30,095,762 Total 43,395,248 43,695,249 Less current portion of notes payable (4,621,766 ) (5,099,744 ) Notes payable $ 38,773,482 $ 38,595,505
Scheduled Maturities of Notes Payable	Scheduled Maturities of Notes Payable March 31,2021 2021 $ - 2022 6,449,487 2023 13,100,000 2024 5,000,000 2025 18,845,761 Total $ 43,395,248

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Schedule of Net Sales and Accounts Receivables	Schedule of Net Sales and Accounts Receivables For the nine months ended March 31, 2021 2020 Sales $ 1,258,179 $ 1,435,662 Accounts receivable $ 396,018 $ 299,421

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Schedule of Segment Gross Profit and Gross Profit Margin	Segment gross profit include: Schedule of Segment Gross Profit and Gross Profit Margin Surgical Wound Consolidated For the three months ended March 31, 2021 Total revenue $ 10,351,130 $ 7,996,050 $ 18,347,180 Gross profit $ 7,125,159 $ 5,819,267 $ 12,944,426 Surgical Wound Consolidated For the nine months ended March 31, 2021 Total revenue $ 29,569,718 $ 24,769,214 $ 54,338,932 Gross profit $ 20,524,517 $ 18,036,362 $ 38,560,879 Surgical Wound Consolidated For the three months ended March 31, 2020 Total revenue $ 9,102,711 $ 8,799,801 $ 17,902,512 Gross profit $ 6,175,222 $ 6,415,725 $ 12,590,947 Surgical Wound Consolidated For the nine months ended March 31, 2020 Total revenue $ 28,702,566 $ 20,067,853 $ 48,770,419 Gross profit $ 19,588,322 $ 14,688,776 $ 34,277,098
Schedule of Revenue	Worldwide revenue for the Company’s products is categorized as follows: Schedule of Revenue For the three months ended For the nine months ended March 31, March 31, 2021 2020 2021 2020 Domestic $ 14,812,885 $ 14,778,416 $ 44,381,802 $ 36,582,037 International 3,534,295 3,124,096 9,957,130 12,188,382 Total $ 18,347,180 $ 17,902,512 $ 54,338,932 $ 48,770,419

Acquisitions Solsys Medical, _2

Acquisitions Solsys Medical, LLC (Tables)	9 Months Ended
	Mar. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Preliminary Purchase Price Allocation	The purchase price allocation of the Solsys acquisition was completed as of September 30, 2020, and is shown in the following table: Schedule of Preliminary Purchase Price Allocation Cash $ 5,525,601 Accounts receivable 6,173,371 Inventory 98,911 Prepaid expenses 88,863 Indemnified asset - sales tax 150,000 Property and equipment 673,353 Lease assets 946,617 Customer relationships 9,500,000 Trade names 12,800,000 Non-competition agreements 200,000 Accounts payable and other current liabilities (4,694,878 ) Lease liabilities (860,490 ) Deferred tax liability (4,575,507 ) Notes payable (23,915,701 ) Total identifiable net assets 2,110,140 Goodwill 106,533,570 Total consideration $ 108,643,710
Schedule of Intangible Assets	Schedule of Intangible Assets March 31, June 30, Amortization 2021 2020 Period Customer relationships $ 9,500,000 $ 9,500,000 15 Trade names 12,800,000 12,800,000 15 Non-competition agreements 200,000 200,000 1 Total 22,500,000 22,500,000 Less accumulated amortization (2,387,045 ) (1,218,864 ) Net intangible assets $ 20,112,955 $ 21,281,136
Schedule of Revenue and Net Loss, on Pro Forma Basis	Schedule of Revenue and Net Loss, on Pro Forma Basis For the nine months ended March 31, 2021 2020 Revenue $ 54,338,932 $ 57,151,615 Net loss $ (10,000,053 ) $ (11,542,176 )

Schedule of Basic and Diluted E

Schedule of Basic and Diluted Earnings Per Share Calculation (Details) - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basic weighted average shares outstanding	17,226,181	16,619,981	17,219,221	13,841,032
Dilutive effect of restricted stock awards (participating securities)
Denominator for basic earnings per share	17,226,181	16,619,981	17,219,221	13,841,032
Dilutive effect of stock options
Diluted weighted average shares outstanding	17,226,181	16,619,981	17,219,221	13,841,032

Basis of Presentation, Organi_4

Basis of Presentation, Organization and Business and Summary of Significant Accounting Policies (Details Narrative)	Sep. 27, 2019USD ($)$ / sharesshares	Mar. 31, 2021USD ($)$ / sharesshares	Mar. 31, 2020shares	Sep. 30, 2019USD ($)	Mar. 31, 2021USD ($)Segments$ / sharesshares	Mar. 31, 2020USD ($)shares	Jun. 30, 2020USD ($)$ / shares
Entity Listings [Line Items]
Ownership percentage		100.00%			100.00%
Number of reportable segment | Segments					2
Stock transaction						$ 108,643,710
Common stock, par value | $ / shares		$ 0.0001			$ 0.0001		$ 0.0001
Equity Option [Member]
Entity Listings [Line Items]
Shares excluded from calculation of diluted EPS | shares		407,413	398,920		268,495	562,388
Over 90 Days [Member]
Entity Listings [Line Items]
Accounts receivable		$ 300,000			$ 300,000		$ 800,000
Non-US [Member]
Entity Listings [Line Items]
Accounts receivable		$ 2,100,000			$ 2,100,000		$ 2,000,000
Solsys Medical, LLC [Member]
Entity Listings [Line Items]
Stock transaction	$ 109,000,000
Stock transaction issued shares | shares	5,703,082
Transaction fees	$ 4,500,000
Additional Paid in Capital	$ 1,400,000
Common stock, par value | $ / shares	$ 0.0001
Reclassification amount of common stock and additional paid in capital				$ 151,964
Solsys Medical, LLC [Member] | Solsys Shareholders [Member]
Entity Listings [Line Items]
Acquired percentage	64.00%
Solsys Medical, LLC [Member] | Solsys Unitholders [Member]
Entity Listings [Line Items]
Acquired percentage	36.00%
Misonix Opco, Inc [Member]
Entity Listings [Line Items]
Common stock, par value | $ / shares	$ 0.01

Schedule of Disaggregate Revenu

Schedule of Disaggregate Revenue by Sales Channel and Geographic Location (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Financing Receivable, Nonaccrual [Line Items]
Total	$ 18,347,180	$ 17,902,512	$ 54,338,932	$ 48,770,419
Geographic Distribution, Domestic [Member]
Financing Receivable, Nonaccrual [Line Items]
Total	14,812,885	14,778,416	44,381,802	36,582,037
Geographic Distribution, Foreign [Member]
Financing Receivable, Nonaccrual [Line Items]
Total	3,534,295	3,124,096	9,957,130	12,188,382
Surgical [Member]
Financing Receivable, Nonaccrual [Line Items]
Total	10,351,130	9,102,711	29,569,718	28,702,566
Surgical [Member] | Geographic Distribution, Domestic [Member]
Financing Receivable, Nonaccrual [Line Items]
Total	6,940,825	6,052,548	19,927,462	16,819,950
Surgical [Member] | Geographic Distribution, Foreign [Member]
Financing Receivable, Nonaccrual [Line Items]
Total	3,410,305	3,050,163	9,642,256	11,882,616
Wound [Member]
Financing Receivable, Nonaccrual [Line Items]
Total	7,996,050	8,799,801	24,769,214	20,067,853
Wound [Member] | Geographic Distribution, Domestic [Member]
Financing Receivable, Nonaccrual [Line Items]
Total	7,872,060	8,725,868	24,454,340	19,762,087
Wound [Member] | Geographic Distribution, Foreign [Member]
Financing Receivable, Nonaccrual [Line Items]
Total	$ 123,990	$ 73,933	$ 314,874	$ 305,766

Revenue Recognition (Details Na

Revenue Recognition (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Revenue	$ 18,347,180	$ 17,902,512	$ 54,338,932	$ 48,770,419
CHINA
Disaggregation of Revenue [Line Items]
Revenue	$ 400,000	$ 0	$ 1,400,000	$ 3,100,000

Schedule of Inventories (Detail

Schedule of Inventories (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Inventory Disclosure [Abstract]
Raw material	$ 7,660,367	$ 7,000,453
Work-in-process	657,878	467,037
Finished goods	6,671,421	6,813,034
Inventory, gross	14,989,666	14,280,524
Less obsolescence reserve	(575,995)	(269,840)
Inventory, net	$ 14,413,671	$ 14,010,684

Property, Plant and Equipment (

Property, Plant and Equipment (Details Narrative) - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Property, Plant and Equipment [Line Items]
Depreciation and amortization of property, plant and equipment	$ 2.1	$ 1.6
Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Minimum [Member] | Customer [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years

Schedule of Goodwill (Details)

Schedule of Goodwill (Details) - USD ($)	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Financing Receivable, Nonaccrual [Line Items]
Beginning balance, goodwill	$ 108,310,350	$ 1,701,094
Acquisition of solsys		109,086,682
Purchase price accounting adjustments	(75,686)	(2,217,026)
Goodwill (gross)	108,234,664	108,570,750
Accumulated impairment losses
Ending balance, goodwill	108,234,664	108,570,750
Surgical [Member]
Financing Receivable, Nonaccrual [Line Items]
Beginning balance, goodwill	1,701,094	1,701,094
Acquisition of solsys
Purchase price accounting adjustments
Goodwill (gross)	1,701,094	1,701,094
Accumulated impairment losses
Ending balance, goodwill	1,701,094	1,701,094
Wound [Member]
Financing Receivable, Nonaccrual [Line Items]
Beginning balance, goodwill	106,609,256
Acquisition of solsys		109,086,682
Purchase price accounting adjustments	(75,686)	(2,217,026)
Goodwill (gross)	106,533,570	106,869,656
Accumulated impairment losses
Ending balance, goodwill	$ 106,533,570	$ 106,869,656

Schedule of Future Patent Amort

Schedule of Future Patent Amortization Expenses (Details)	Mar. 31, 2021USD ($)
Patents
2021	$ 36,833
2022	97,369
2023	96,143
2024	86,874
2025	79,815
Thereafter	366,866
Total	$ 763,900

Patents (Details Narrative)

Patents (Details Narrative) - USD ($)	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020
Patents
Estimated useful lives of patent	17 years
Accumulated amortization of patents	$ 800,000		$ 800,000
Amortization expense	$ 120,000	$ 98,000

Summary of Intangible Assets (D

Summary of Intangible Assets (Details) - USD ($)	9 Months Ended
	Mar. 31, 2021	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Less accumulated amortization	$ 1,462,069	$ 1,341,976
Net intangible assets	763,900
Solsys Acquisition [Member]
Finite-Lived Intangible Assets [Line Items]
Total	22,500,000	22,500,000
Less accumulated amortization	(2,387,045)	(1,218,864)
Net intangible assets	20,112,955	21,281,136
Solsys Acquisition [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Total	$ 9,500,000	9,500,000
Amortization period	15 years
Solsys Acquisition [Member] | Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Total	$ 12,800,000	12,800,000
Amortization period	15 years
Solsys Acquisition [Member] | Non-Competition Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Total	$ 200,000	$ 200,000
Amortization period	1 year

Schedule of Estimated Future In

Schedule of Estimated Future Intangible Asset Amortization Expense (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Acquired Indefinite-lived Intangible Assets [Line Items]
2021	$ 36,833
2022	97,369
2023	96,143
2024	86,874
2025	79,815
Thereafter	366,866
Total	763,900
Solsys Acquisition [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
2021	372,462
2022	1,489,848
2023	1,489,848
2024	1,489,848
2025	1,489,848
Thereafter	13,781,101
Total	$ 20,112,955	$ 21,281,136

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 1.2	$ 0.8

Schedule of Accrued Expenses an

Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Payables and Accruals [Abstract]
Accrued payroll, payroll taxes and vacation	$ 2,752,852	$ 2,277,752
Accrued bonus	1,185,249	417,000
Accrued commissions	1,434,985	1,678,966
Professional fees	185,701	355,145
Vendor, tax and other accruals	2,303,710	2,786,888
Accrued expenses and other current liabilities	$ 7,862,497	$ 7,515,751

Schedule of Weighted Average Fa

Schedule of Weighted Average Fair Value at Date of Grant for Options (Details)	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Equity [Abstract]
Risk-free interest rates	0.44%	1.67%
Expected option life in years	5 years 8 months 23 days	6 years 2 months 30 days
Expected stock price volatility	59.32%	54.69%
Expected dividend yield	0.00%	0.00%

Schedule of Option Activity (De

Schedule of Option Activity (Details)	9 Months Ended
	Mar. 31, 2021USD ($)$ / sharesshares
Equity [Abstract]
Outstanding Shares, Outstanding, Beginning balance | shares	1,778,070
Weighted Average Exercise Price, Outstanding, Beginning balance | $ / shares	$ 11.81
Aggregate Intrinsic Value, Outstanding, Beginning balance | $	$ 5,164,938
Outstanding Shares, Vested and exercisable, Beginning balance | shares	683,442
Weighted Average Exercise Price, Vested and exercisable, Beginning balance | $ / shares	$ 9.16
Aggregate Intrinsic Value, Vested and exercisable, Beginning balance | $	$ 3,156,051
Outstanding Shares, Granted | shares	48,000
Weighted Average Exercise Price, Granted | $ / shares	$ 13.37
Outstanding Shares, Exercised | shares	(33,296)
Weighted Average Exercise Price, Exercised | $ / shares	$ 7.44
Outstanding Shares, Forfeited | shares	(82,664)
Weighted Average Exercise Price, Forfeited | $ / shares	$ 12.50
Outstanding Shares, Expired | shares
Weighted Average Exercise Price, Expired | $ / shares
Outstanding Shares, Outstanding, Ending balance | shares	1,710,110
Weighted Average Exercise Price, Outstanding, Ending balance | $ / shares	$ 11.90
Aggregate Intrinsic Value, Outstanding, Ending balance | $	$ 13,475,442
Outstanding Shares, Vested and exercisable, Ending balance | shares	933,434
Weighted Average Exercise Price, Vested and exercisable, Ending balance | $ / shares	$ 10.47
Aggregate Intrinsic Value, Vested and exercisable, Ending balance | $	$ 8,597,840

Stock-based Compensation Plan_2

Stock-based Compensation Plans (Details Narrative) - USD ($)	Dec. 15, 2016	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost for restricted stock		$ 600,000	$ 400,000	$ 1,900,000	$ 900,000
Compensation cost for restricted stock		$ 5,100,000		$ 5,100,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term				2 years 7 months 6 days
Expected term				5 years 8 months 23 days	6 years 2 months 30 days
Expected volatility rate				59.32%	54.69%
Share based compensation				$ 2,126,837	$ 1,231,939
Equity Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option expiration period				10 years
Purchase of common stock option granted				48,000	185,500
Weighted-average grant-date fair value of non-vested stock options, shares				288,046
Weighted-average grant-date fair value of non-vested stock options		$ 7.14		$ 7.14
Non-Vested Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value of non-vested stock options, shares				776,676
Weighted-average grant-date fair value of non-vested stock options		$ 7.28		$ 7.28
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost for restricted stock		$ 300,000		$ 300,000
Stock option vesting rights	These awards vest over a period of up to five years, subject to meeting certain service, performance and market conditions.
Stock price	$ 9.60
Risk free interest rate, minimum	1.60%
Risk free interest rate, maximum	2.10%
Expected volatility rate	66.50%
Share based compensation		100,000	$ 100,000	$ 400,000	$ 400,000
Weighted average period recognized				7 months 6 days
Number of restricted stock awards vested				240,200
Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	3 years
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	5 years
Restricted Stock [Member] | Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock restricted	400,000
Fair value restricted common stock awarded	$ 3,600,000
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option vesting rights				four years
Non-Vested Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost for restricted stock		$ 300,000		$ 300,000

Schedule of Information Related

Schedule of Information Related to Right-of-use Assets and Related Lease Liabilities (Details) - USD ($)	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020	Jul. 02, 2019
Commitments and Contingencies Disclosure [Abstract]
Operating leases	$ 1,108,454	$ 1,266,237	$ 1,098,830	$ 400,000
Finance leases	80,779
Total	1,189,233	1,266,237
Operating leases	508,924	342,658	414,058
Finance leases	16,064
Total	524,988	342,658
Operating leases	645,804	765,627	$ 723,553
Finance leases	61,666
Total	707,470	765,627
Cash paid for operating lease liabilities	446,212	355,381
Finance leases	8,065
Right of use assets obtained in exchange for new operating lease obligations	361,999	1,378,409
Right of use assets obtained in exchange for new financing lease obligations	$ 85,185
Operating Lease, Weighted Average Remaining Lease Term	2 years 11 months 23 days	4 years
Finance Lease, Weighted Average Remaining Lease Term	4 years 6 months 29 days
Operating Lease, Weighted Average Discount Rate, Percent	10.60%	10.50%
Finance Lease, Weighted Average Discount Rate, Percent	3.00%

Schedule of Future Minimum Leas

Schedule of Future Minimum Lease Payments (Details) - USD ($)	Mar. 31, 2021	Jul. 02, 2019
Loss Contingencies [Line Items]
Total lease liabilities		$ 400,000
Operating Leases [Member]
Loss Contingencies [Line Items]
2021	$ 151,869
2022	522,469
2023	273,917
2024	274,512
2025	129,211
Thereafter	1,644
Total payments	1,353,622
Less imputed interest	(198,894)
Total lease liabilities	1,154,728
Finance Leases [Member]
Loss Contingencies [Line Items]
2021	4,542
2022	18,169
2023	18,169
2024	18,169
2025	18,169
Thereafter	6,056
Total payments	83,274
Less imputed interest	(5,544)
Total lease liabilities	$ 77,730

Commitments and Contingencies_2

Commitments and Contingencies (Details Narrative) - USD ($)	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020	Jul. 02, 2019
Loss Contingencies [Line Items]
Operating lease, right-of-use asset	$ 1,108,454	$ 1,266,237	$ 1,098,830	$ 400,000
Operating lease, liability				$ 400,000
Operating lease, cost	$ 500,000	$ 400,000
Incremental borrowing rate, operating lease	10.90%
Incremental borrowing rate, finance lease	3.00%
Accounting Standards Update 2016-02 [Member]
Loss Contingencies [Line Items]
Incremental borrowing rate, operating lease	10.50%
Minimum [Member]
Loss Contingencies [Line Items]
Lessee, operating lease, term of contract	1 year
Maximum [Member]
Loss Contingencies [Line Items]
Lessee, operating lease, term of contract	6 years

Schedule of Note Payable (Detai

Schedule of Note Payable (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Obligation with Joint and Several Liability Arrangement [Line Items]
Total	$ 43,395,248	$ 43,695,249
Less current portion of notes payable	(4,621,766)	(5,099,744)
Notes payable	38,773,482	38,595,505
Revolving Credit Facility [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Total	8,100,000	8,400,000
PPP Note Payable [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Total	5,199,487	5,199,487
Term Loans [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Total	$ 30,095,761	$ 30,095,762

Scheduled Maturities of Notes P

Scheduled Maturities of Notes Payable (Details)	Mar. 31, 2021USD ($)
Financing Arrangements
2021
2022	6,449,487
2023	13,100,000
2024	5,000,000
2025	18,845,761
Total	$ 43,395,248

Financing Arrangements (Details

Financing Arrangements (Details Narrative) - USD ($) $ in Thousands	Dec. 16, 2020	Apr. 05, 2020	Dec. 26, 2019	Dec. 23, 2019	Sep. 27, 2019	Jan. 22, 2019	May 31, 2022	Mar. 31, 2021	Apr. 10, 2020
SWK Credit Agreement [Member] | Notes Payable, Other Payables [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Line of credit				$ 30,100	$ 25,100
Debt Instrument, Maturity Date					Jun. 30, 2023
Debt instrument, description	the parties further amended the SWK Credit Agreement to, among other things, (1) modify the interest payable to accrue interest at a variable rate of the greater of 2.0% or the three-month LIBOR, with a maximum variable rate of 3%, plus a margin of between 7.5% and 10.25% (depending on the Company’s EBITDA or market capitalization), (2) extend the interest only period such that quarterly principal payments of $1.25 million will begin in May, 2022, (3) extend the maturity date to June 30, 2024, (4) increase the exit fee to 2.0% of the principal amount of all loans advanced to the Company, and (5) extend the period during which the Company is obligated to pay a prepayment penalty to March, 2023.
Long-term debt					$ 20,100			$ 30,100
Additional line of credit				$ 5,000	$ 5,000
Debt instrument, interest rate terms				interest payable to between LIBOR plus 7.50% and LIBOR plus 10.25%	varied between LIBOR plus 7.00% and LIBOR plus 10.25%
Debt instrument, payment terms	The Company may prepay the loans subject to a prepayment fee of (a) 3.2% of the amount prepaid if such prepayment is made prior to September 27, 2021, (b) 1.00% of the amount prepaid if such prepayment is made on or after September 27, 2021 and prior to March 31, 2023 or (c) $0 if such prepayment is made on or after March 31, 2023.
SWK Credit Agreement [Member] | Notes Payable, Other Payables [Member] | Forecast [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Long-term debt							$ 1,250
PPP Loan [Member] | Promissory Note [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Debt Instrument, Maturity Date		Apr. 4, 2022
Debt instrument, face amount		$ 5,200							$ 5,200
Debt Instrument, Interest Rate, Stated Percentage		0.98%
Revolving Credit Facility [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Line of credit								5,000
Revolving Credit Facility [Member] | Solsys Acquisition [Member] | Prior Solsys Credit Agreement [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Line of credit facility, expiration date						Jan. 22, 2021
Revolving Credit Facility [Member] | Solsys Acquisition [Member] | Loan and Security Agreement [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Line of credit facility, expiration date			Dec. 26, 2022
Line of credit facility, maximum borrowing capacity			$ 20,000
Debtor-in-possession financing, borrowings outstanding			$ 3,750
Debt instrument, interest rate, basis for effective rate			rate equal to the greater of the “Prime Rate” and 5.25%.
Anniversary fee			$ 100
Debt Instrument, Maturity Date			Dec. 26, 2022
Termination fee, percentage			1.00%
Debt instrument, description			The termination fee would not apply if the New Credit Facility or the New Loan and Security Agreement terminates before the maturity date for either of the following reasons: (1) the New Credit Facility is replaced with another new credit facility from Silicon Valley Bank or (2) Silicon Valley Bank sells, transfers, assigns or negotiates its obligations, rights and benefits under the New Loan and Security Agreement and related loan documentation to another person or entity that is not an affiliate of Silicon Valley Bank and the Company terminates the New Loan and Security Agreement or the New Credit Facility within sixty days thereof (unless the Company consented to that sale, transfer, assignment or negotiation).
New Credit Facility [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Long-term debt								$ 8,100

Schedule of Net Sales and Accou

Schedule of Net Sales and Accounts Receivables (Details) - USD ($)	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Related Party Transactions [Abstract]
Sales	$ 1,258,179	$ 1,435,662
Accounts receivable	$ 396,018	$ 299,421

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Current income tax (expense) benefit	$ 0	$ 500,000	$ 0	$ 4,500,000
Effective income tax rate reconciliation, at federal statutory income tax rate, percent	0.00%	7.50%	0.00%	34.00%

Schedule of Segment Gross Profi

Schedule of Segment Gross Profit and Gross Profit Margin (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Financing Receivable, Nonaccrual [Line Items]
Revenue	$ 18,347,180	$ 17,902,512	$ 54,338,932	$ 48,770,419
Gross profit	12,944,426	12,590,947	38,560,879	34,277,098
Surgical [Member]
Financing Receivable, Nonaccrual [Line Items]
Revenue	10,351,130	9,102,711	29,569,718	28,702,566
Gross profit	7,125,159	6,175,222	20,524,517	19,588,322
Wound [Member]
Financing Receivable, Nonaccrual [Line Items]
Revenue	7,996,050	8,799,801	24,769,214	20,067,853
Gross profit	$ 5,819,267	$ 6,415,725	$ 18,036,362	$ 14,688,776

Schedule of Revenue (Details)

Schedule of Revenue (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Interest Rate and Interest Differential Analysis [Line Items]
Revenue	$ 18,347,180	$ 17,902,512	$ 54,338,932	$ 48,770,419
Geographic Distribution, Domestic [Member]
Interest Rate and Interest Differential Analysis [Line Items]
Revenue	14,812,885	14,778,416	44,381,802	36,582,037
Geographic Distribution, Foreign [Member]
Interest Rate and Interest Differential Analysis [Line Items]
Revenue	$ 3,534,295	$ 3,124,096	$ 9,957,130	$ 12,188,382

Segment Reporting (Details Narr

Segment Reporting (Details Narrative)	3 Months Ended		9 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2021USD ($)Segments	Mar. 31, 2020USD ($)
Revenues from External Customers and Long-Lived Assets [Line Items]
Number of operating segment | Segments			1
Revenue	$ 18,347,180	$ 17,902,512	$ 54,338,932	$ 48,770,419
CHINA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 400,000	$ 0	$ 1,400,000	$ 3,100,000

Schedule of Preliminary Purchas

Schedule of Preliminary Purchase Price Allocation (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019
Business Acquisition [Line Items]
Goodwill	$ 108,234,664	$ 108,310,350	$ 108,570,750	$ 1,701,094
Solsys Medical, LLC [Member]
Business Acquisition [Line Items]
Cash	5,525,601
Accounts receivable	6,173,371
Inventory	98,911
Prepaid expenses	88,863
Indemnified asset - sales tax	150,000
Property and equipment	673,353
Lease assets	946,617
Customer relationships	9,500,000
Trade names	12,800,000
Non-competition agreements	200,000
Accounts payable and other current liabilities	(4,694,878)
Lease liabilities	(860,490)
Deferred tax liability	(4,575,507)
Notes payable	(23,915,701)
Total identifiable net assets	2,110,140
Goodwill	106,533,570
Total consideration	$ 108,643,710

Schedule of Intangible Assets (

Schedule of Intangible Assets (Details) - USD ($)	9 Months Ended
	Mar. 31, 2021	Jun. 30, 2020
Business Acquisition [Line Items]
Less accumulated amortization	$ (1,462,069)	$ (1,341,976)
Net intangible assets	763,900
Solsys Medical, LLC [Member]
Business Acquisition [Line Items]
Total	22,500,000	22,500,000
Less accumulated amortization	(2,387,045)	(1,218,864)
Net intangible assets	20,112,955	21,281,136
Solsys Medical, LLC [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Total	$ 9,500,000	9,500,000
Finite-Lived Intangible Assets, Remaining Amortization Period	15 years
Solsys Medical, LLC [Member] | Trade Names [Member]
Business Acquisition [Line Items]
Total	$ 12,800,000	12,800,000
Finite-Lived Intangible Assets, Remaining Amortization Period	15 years
Solsys Medical, LLC [Member] | Non-Competition Agreements [Member]
Business Acquisition [Line Items]
Total	$ 200,000	$ 200,000
Finite-Lived Intangible Assets, Remaining Amortization Period	1 year

Schedule of Revenue and Net Los

Schedule of Revenue and Net Loss, on Pro Forma Basis (Details) - USD ($)	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Business Combination and Asset Acquisition [Abstract]
Revenue	$ 54,338,932	$ 57,151,615
Net loss	$ (10,000,053)	$ (11,542,176)

Acquisitions Solsys Medical, _3

Acquisitions Solsys Medical, LLC (Details Narrative) - USD ($)	Sep. 27, 2019	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2021	Mar. 31, 2020
Business Acquisition [Line Items]
General and administrative expenses		$ 3,631,175	$ 4,463,467		$ 12,002,453	$ 13,820,989
Solsys Medical, LLC [Member]
Business Acquisition [Line Items]
Business combination, consideration transferred	$ 108,600,000
Issuance of shares for acquisition of Solsys, shares	5,703,082
Business acquisition, share price	$ 19.05
Business acquisition, transaction costs	$ 4,500,000
General and administrative expenses	3,100,000			$ 1,800,000
Additional paid in capital	$ 1,400,000			$ 1,400,000
Business combination, acquisition related costs					4,300,000
Income tax benefit					4,500,000
Additional interest expense					200,000
Amortization expense					$ 400,000