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5. Supplemental Financial Information (Tables) | 12 Months Ended
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Jun. 30, 2020
Supplemental Financial Information |
Schedule of Inventory | The following table presents details of our inventories:
|  | June 30, |
|  | 2020 |  |  | 2019 |
|  | (In thousands) |
Finished goods |  | $ | 7,522 |  |  | $ | 6,084 |
Raw materials |  |  | 6,259 |  |  |  | 4,425 |
Inventories, net |  | $ | 13,781 |  |  | $ | 10,509 |
Schedule of Property and Equipment | The following table presents details of property and equipment:
|  | June 30, |
|  | 2020 |  |  | 2019 |
|  | (In thousands) |
Computer, software and office equipment |  | $ | 3,992 |  |  | $ | 3,839 |
Furniture and fixtures |  |  | 511 |  |  |  | 450 |
Production, development and warehouse equipment |  |  | 4,777 |  |  |  | 4,229 |
Construction-in-progress |  |  | – |  |  |  | 201 |
Property and equipment, gross |  |  | 9,280 |  |  |  | 8,719 |
Less accumulated depreciation |  |  | (7,693 | ) |  |  | (7,520 | )
Property and equipment, net |  | $ | 1,587 |  |  | $ | 1,199 |
Schedule of purchased intangible assets | The following table presents details of purchased intangible assets:
|  | June 30, 2020 |  |  | June 30, 2019 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |
|  | (In thousands) |
Developed technology |  | $ | 3,841 |  |  | $ | (497 | ) |  | $ | 3,344 |  |  | $ | – |  |  | $ | – |  |  | $ | – |
Customer relationship |  |  | 9,030 |  |  |  | (726 | ) |  |  | 8,304 |  |  |  | – |  |  |  | – |  |  |  | – |
Order backlog |  |  | 840 |  |  |  | (384 | ) |  |  | 456 |  |  |  | – |  |  |  | – |  |  |  | – |
Non-compete agreements |  |  | 400 |  |  |  | (184 | ) |  |  | 216 |  |  |  | – |  |  |  | – |  |  |  | – |
Trademark and trade name |  |  | 375 |  |  |  | (246 | ) |  |  | 129 |  |  |  | – |  |  |  | – |  |  |  | – |
|  | $ | 14,486 |  |  | $ | (2,037 | ) |  | $ | 12,449 |  |  | $ | – |  |  | $ | – |  |  | $ | – |
Intangible Assets Amortization Expense | As of June 30, 2020, future estimated amortization expense is as follows:
Years Ending June 30, |  |  |  |
(In thousands) |  |  |  |  |
2021 |  |  | $ | 3,094 |
2022 |  |  |  | 2,240 |
2023 |  |  |  | 2,240 |
2024 |  |  |  | 2,240 |
2025 |  |  |  | 1,784 |
Thereafter |  |  |  | 851 |
|  |  | $ | 12,449 |
Schedule of Goodwill | The following table presents details of our goodwill balance:
|  |  | Year Ended |
|  |  | June 30, 2020 |
|  |  |  | (In thousands) |
Balance at June 30, 2019 |  |  | $ | 9,488 |
Acquisition of Maestro |  |  |  | 2,876 |
Acquisition of Intrinsyc |  |  |  | 3,446 |
Balance at June 30, 2020 |  |  | $ | 15,810 |
Schedule of Warranty Reserve | The following table presents details of our warranty reserve:
|  | Years Ended June 30, |
|  | 2020 |  |  | 2019 |
|  | (In thousands) |
Beginning balance |  | $ | 116 |  |  | $ | 99 |
Warranty reserve assumed from acquisition of Intrinsyc |  |  | 118 |  |  |  | – |
Charged to cost of revenues |  |  | 181 |  |  |  | 96 |
Usage |  |  | (234 | ) |  |  | (79 | )
Ending balance |  | $ | 181 |  |  | $ | 116 |
Schedule of Other Liabilities | The following table presents details of our other liabilities:
|  | June 30, |
|  | 2020 |  |  | 2019 |
|  | (In thousands) |
Current |  |  |  |  |  |
Accrued variable consideration |  | $ | 1,462 |  |  | $ | 1,313 |
Customer deposits and refunds |  |  | 628 |  |  |  | 168 |
Accrued raw materials purchases |  |  | 272 |  |  |  | 1,155 |
Deferred revenue |  |  | 658 |  |  |  | 328 |
Lease liability |  |  | 1,273 |  |  |  | 4 |
Taxes payable |  |  | 395 |  |  |  | 322 |
Warranty reserve |  |  | 181 |  |  |  | 116 |
Accrued operating expenses |  |  | 1,439 |  |  |  | 1,290 |
Total other current liabilities |  | $ | 6,308 |  |  | $ | 4,696 |
Non-current |  |  |  |  |  |  |  |
Lease liability |  | $ | 1,796 |  |  | $ | 48 |
Deferred revenue |  |  | 166 |  |  |  | 158 |
Total other non-current liabilities |  | $ | 1,962 |  |  | $ | 206 |
Schedule of Computation of Net Income (Loss) per Share | The following table presents the computation of net loss per share:
|  | Years Ended June 30, |
|  | 2020 |  |  | 2019 |
|  |  | (In thousands, except per share data) |
Numerator: |  |  |  |  |  |  |  |
Net loss |  | $ | (10,738 | ) |  | $ | (408 | )
Denominator: |  |  |  |  |  |  |  |
Weighted-average shares outstanding - basic and diluted |  |  | 25,281 |  |  |  | 21,580 |
Net loss per share - basic and diluted |  | $ | (0.42 | ) |  | $ | (0.02 | )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | These excluded common stock equivalents could be dilutive in the future.
|  | Years Ended June 30, |
|  | 2020 |  |  | 2019 |
|  |  | (In thousands) |
Common stock equivalents |  |  | 1,675 |  |  |  | 1,513 |
Schedule of severance and related charges | The following table presents details of the liability we recorded related to these activities:
|  | Year Ended |
|  | June 30, |
|  | 2020 |
|  |  | (In thousands) |
Beginning balance |  | $ | 651 |
Charges |  |  | 3,844 |
Payments |  |  | (3,880 | )
Ending balance |  | $ | 615 |
Schedule of Supplemental Cash Flow Information |
|  | Years Ended June 30, |
|  | 2020 |  |  | 2019 |
|  | (In thousands) |
Share consideration for acquisition of Intrinsyc |  | $ | 15,574 |  |  | $ | – |
Accrued property and equipment paid for in the subsequent period |  | $ | 149 |  |  | $ | 9 |
Accrued stock option exercise proceeds |  | $ | – |  |  | $ | 1 |

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