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5. Supplemental Financial Information (Tables)

12 Months Ended

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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