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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2016
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The provision for income taxes is comprised of the following (in thousands):
|  | For the Years Ended June 30, |
|  | 2016 |  | 2015 |
Current income taxes: |  |  |  |  |  |  |
Federal |  | $ | (31) |  | $ | (49) |
State |  |  | 27 |  |  | 35 |
|  |  | (4) |  |  | (14) |
Deferred income tax provision |  |  | 375 |  |  | 230 |
Provision for income taxes |  | $ | 371 |  | $ | 216 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the U.S. Federal statutory income tax rate to our actual effective tax rate on earnings before income taxes is as follows for the years ended June 30, (dollars in thousands):
|  | 2016 |  |  | 2015 |
|  | Amount |  | % of Pre-tax Income |  |  | Amount |  |  | % of Pre-tax Income |
Tax at Federal statutory rate |  | $ | 2,089 |  |  | 34.0 | % |  | $ | 1,721 |  |  | 34.0 | %
Increases (decreases) in taxes resulting from: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Meals and entertainment |  |  | 61 |  |  | 1.0 | % |  |  | 66 |  |  | 1.3 | %
State income taxes, net of Federal income tax benefit |  |  | 20 |  |  | 0.3 | % |  |  | 21 |  |  | 0.4 | %
Foreign source income not subject to tax |  |  | (1,278) |  |  | (20.8) | % |  |  | (1,069) |  |  | (21.1) | %
R&D Credit refund |  |  | (415) |  |  | (6.8) | % |  |  | (328) |  |  | (6.5) | %
Undistributed foreign earnings |  |  | (90) |  |  | (1.4) | % |  |  | (93) |  |  | (1.8) | %
Other, net |  |  | (16) |  |  | (0.3) | % |  |  | (102) |  |  | (2.0) | %
Effective tax rate |  | $ | 371 |  |  | 6.0 | % |  | $ | 216 |  |  | 4.3 | %
Schedule of Deferred Tax Assets and Liabilities | Deferred tax assets and deferred tax liabilities at June 30, 2016 and 2015 are as follows (in thousands):
|  | Current Deferred Tax Assets (Liabilities) |  |  | Long-term Deferred Tax Assets (Liabilities) |
|  | 2016 |  | 2015 |  |  | 2016 |  | 2015 |
Accounts receivable |  | $ | 26 |  | $ | 36 |  |  | $ | — |  | $ | — |
Inventories |  |  | 364 |  |  | 533 |  |  |  | 200 |  |  | 261 |
Accrued Liabilities |  |  | 313 |  |  | 311 |  |  |  | 87 |  |  | 86 |
Stock based compensation expense |  |  | — |  |  | — |  |  |  | 154 |  |  | 147 |
Goodwill |  |  | — |  |  | — |  |  |  | (14) |  |  | 214 |
R&D credit |  |  | — |  |  | — |  |  |  | 1,214 |  |  | 804 |
Property, plant and equipment |  |  | — |  |  | — |  |  |  | (503) |  |  | (512) |
Other deferred tax liabilities |  |  | — |  |  | — |  |  |  | (702) |  |  | (366) |
|  |  | 703 |  |  | 880 |  |  |  | 436 |  |  | 634 |
Valuation allowance |  |  | — |  |  | — |  |  |  | — |  |  | — |
Net deferred tax assets |  | $ | 703 |  | $ | 880 |  |  | $ | 436 |  | $ | 634 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
|  | Tax |  | Interest |  | Total |
Balance of gross unrecognized tax benefits as of July 1, 2015 |  | $ | 102 |  | $ | — |  | $ | 102 |
Increases to unrecognized tax benefits resulting from the generation of additional R&D credits |  |  | 46 |  |  | — |  |  | 46 |
Balance of gross unrecognized tax benefits as of June 30, 2016 |  | $ | 148 |  | $ | — |  | $ | 148 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
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