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ACQUISITIONS (Tables) | 12 Months Ended
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Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Business Acquisition | The following table summarizes the estimated fair value assigned to the assets acquired and liabilities assumed:
($ in thousands) | Amount
Cash and cash equivalents | $ | 284 |
Accounts receivable | 94 |
Inventory | 42 |
Prepaid expenses | 14 |
Property and equipment | 67 |
Operating lease right-of-use assets | 244 |
Intangible assets | 3,303 |
Total identifiable assets acquired | 4,048 |
Accounts payable | (71) |
Accrued expenses | (152) |
Operating lease liability | (244) |
Total liabilities assumed | (467) |
Total identifiable net assets | 3,581 |
Goodwill | 7,793 |
Fair value of total considerations transferred | $ | 11,374 |
The following table summarizes the adjusted fair value assigned to the assets acquired and liabilities assumed as of June 30, 2025.
($ in thousands) | Amount
Cash and cash equivalents | $ | 84 |
Property and equipment | 1,136 |
Intangible assets | 1,750 |
Other assets | 486 |
Total identifiable assets acquired | 3,456 |
Accounts payable | (691) |
Other liabilities | (307) |
Total liabilities assumed | (998) |
Total identifiable net assets | 2,458 |
Goodwill | 2,000 |
Fair value of total considerations transferred | $ | 4,458 |
The estimated fair value of the purchase price consideration consisted of the following:
($ in thousands) | Amount
Closing cash consideration | $ | 36,605 |
Stock Consideration | 4,506 |
Fair value of total consideration transferred | $ | 41,111 |
The following table summarizes the final fair value assigned to the assets acquired and liabilities assumed as of June 30, 2025.
($ in thousands) | Amount
Cash and cash equivalents | $ | 391 |
Accounts receivable | 1,780 |
Inventories | 2,011 |
Intangible assets | 15,538 |
Other assets | 629 |
Total identifiable assets acquired | 20,349 |
Accounts payable | (2,410) |
Tax liabilities | (3,033) |
Total liabilities assumed | (5,443) |
Total identifiable net assets | 14,906 |
Goodwill | 26,205 |
Fair value of total consideration transferred | $ | 41,111 |
Schedule of Pro Forma Operations Results | Furthermore, cost savings and other business synergies related to the acquisition are not reflected in the pro forma amounts.
($ In thousands) |  | 2023
Revenues |  | $ | 251,979 |
Net loss |  | (75) |

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- Definition Tabular disclosure of pro forma revenue and earnings for business combination or aggregate of series of individually immaterial business combinations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-49 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-41 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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