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Supplemental Financial Information
 12 Months Ended
Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Financial Information

4.           Supplemental Financial Information

 

Inventories

 

The following table presents details of our inventories: 

          
   June 30, 
   2021   2020 
   (In thousands) 
Finished goods  $7,738   $7,522 
Raw materials   7,321    6,259 
Inventories, net  $15,059   $13,781 

 

Property and Equipment

 

The following table presents details of property and equipment: 

          
   June 30, 
   2021   2020 
   (In thousands) 
Computer, software and office equipment  $4,338   $3,992 
Furniture and fixtures   633    511 
Production, development and warehouse equipment   4,707    4,777 
Construction-in-progress   141    – 
Property and equipment, gross   9,819    9,280 
Less accumulated depreciation   (8,242)   (7,693)
Property and equipment, net  $1,577   $1,587 

  

Purchased Intangible Assets

 

The following table presents details of purchased intangible assets: 

                              
   June 30, 2021   June 30, 2020 
   Gross Carrying Amount   Accumulated Amortization   Net Book Value   Gross Carrying Amount   Accumulated Amortization   Net Book Value 
   (In thousands) 
Developed technology  $3,841   $(1,249)  $2,592   $3,841   $(497)  $3,344 
Customer relationship   9,030    (2,267)   6,763    9,030    (726)   8,304 
Order backlog   840    (840)   –    840    (384)   456 
Non-compete agreements   400    (400)   –    400    (184)   216 
Trademark and trade name   375    (375)   –    375    (246)   129 
   $14,486   $(5,131)  $9,355   $14,486   $(2,037)  $12,449 

 

We do not currently have any purchased intangible assets with indefinite useful lives.

 

As of June 30, 2021, future estimated amortization expense is as follows: 

     
Years Ending June 30,    
(In thousands)    
2022   2,240 
2023   2,240 
2024   2,240 
2025   1,785 
2026   850 
 Total amortization expense  $9,355 

 

Goodwill

 

Our goodwill balance at June 30, 2021 and 2020 was $15,810,000.

  

Warranty Reserve

 

The following table presents details of our warranty reserve: 

          
   Years Ended June 30, 
   2021   2020 
   (In thousands) 
Beginning balance  $181   $116 
Warranty reserve assumed from acquisition of Intrinsyc   –    118 
Charged to cost of revenues   226    181 
Usage   (210)   (234)
Ending balance  $197   $181 

 

Other Liabilities

 

The following table presents details of our other liabilities: 

          
   June 30, 
   2021   2020 
   (In thousands) 
Accrued variable consideration  $1,347   $1,462 
Customer deposits and refunds   1,133    628 
Accrued raw materials purchases   176    272 
Deferred revenue   850    658 
Lease liability   1,174    1,273 
Taxes payable   388    395 
Warranty reserve   197    181 
Accrued operating expenses   2,063    1,439 
Total other current liabilities  $7,328   $6,308 
           
Non-current          
Lease liability  $1,155   $1,796 
Deferred revenue   241    166 
Total other non-current liabilities  $1,396   $1,962 

  

Computation of Net Loss per Share

 

The following table presents the computation of net loss per share: 

          
   Years Ended June 30, 
   2021   2020 
   (In thousands, except per share data) 
Numerator:          
Net loss  $(4,044)  $(10,738)
           
Denominator:          
Weighted-average shares outstanding - basic and diluted   28,708    25,281 
           
Net loss per share - basic and diluted  $(0.14)  $(0.42)

 

The following table presents the common stock equivalents excluded from the diluted net loss per share calculation because they were anti-dilutive for the periods presented. These excluded common stock equivalents could be dilutive in the future. 

        
   Years Ended June 30, 
   2021   2020 
   (In thousands) 
Common stock equivalents   823    1,675 

 

Severance and Related Charges

 

The following table presents details of the liability we recorded related to restructuring, severance and related activities during the current fiscal year: 

     
   Year Ended 
   June 30, 
   2021 
   (In thousands) 
Beginning balance  $615 
Charges   506 
Payments   (1,033)
Ending balance  $88 

 

The ending balance is recorded in accrued payroll and related expenses on the accompanying consolidated balance sheet at June 30, 2021.

  

Supplemental Cash Flow Information

 

The following table presents non-cash investing and financing transactions excluded from the consolidated statements of cash flows: 

          
   Years Ended June 30, 
   2021   2020 
   (In thousands) 
Share consideration for acquisition of Intrinsyc  $–   $15,574 
Accrued property and equipment paid for in the subsequent period  $217   $149