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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2023
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense |
Schedule of Components of Income Tax Expense |  |  |  |  |  |  |  |
|  | Years Ended June 30, |
|  | 2023 |  |  | 2022 |
|  | (In thousands) |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | – |  |  | $ | – |
State |  |  | 294 |  |  |  | 11 |
Foreign |  |  | 308 |  |  |  | 254 |
Total Current taxes |  | $ | 602 |  |  | $ | 265 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | 146 |  |  |  | (1,805 | )
State |  |  | – |  |  |  | (292 | )
Foreign |  |  | – |  |  |  | – |
Provision (benefit) for income taxes |  | $ | 748 |  |  | $ | (1,832 | )
Schedule of Income before Income Tax, Domestic and Foreign |
Schedule of Income before Income Tax, Domestic and Foreign |  |  |  |  |  |  |  |
|  | Years Ended June 30, |
|  | 2023 |  |  | 2022 |
|  | (In thousands) |
United States |  | $ | (9,168 | ) |  | $ | (7,829 | )
Foreign |  |  | 936 |  |  |  | 635 |
Loss before income taxes |  | $ | (8,232 | ) |  | $ | (7,194 | )
Schedule of Deferred Tax Assets and Liabilities |
Schedule of Deferred Tax Assets and Liabilities |  |  |  |  |  |  |  |
|  | Years Ended June 30, |
|  | 2023 |  |  | 2022 |
|  | (In thousands) |
Deferred tax assets: |  |  |  |  |  |  |  |
Tax losses and credits |  | $ | 9,882 |  |  | $ | 15,310 |
Reserves not currently deductible |  |  | 2,054 |  |  |  | 1,881 |
Capitalized research and development expenses* |  |  | 6,975 |  |  |  | – |
Deferred compensation |  |  | 1,301 |  |  |  | 1,858 |
Inventory capitalization |  |  | 2,390 |  |  |  | 1,508 |
Lease liabilities |  |  | 2,848 |  |  |  | 2,260 |
Depreciation and amortization |  |  | – |  |  |  | 130 |
Identified intangibles |  |  | 446 |  |  |  | – |
Other |  |  | 263 |  |  |  | 333 |
Gross deferred tax assets |  |  | 26,159 |  |  |  | 23,280 |
Valuation allowance |  |  | (22,532 | ) |  |  | (20,173 | )
Deferred tax assets, net |  |  | 3,627 |  |  |  | 3,107 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
State taxes |  |  | (518 | ) |  |  | (404 | )
Right-of-use assets |  |  | (2,676 | ) |  |  | (2,240 | )
Identified intangibles |  |  | – |  |  |  | (463 | )
Depreciation and amortization |  |  | (579 | ) |  |  | – |
Deferred tax liabilities |  |  | (3,773 | ) |  |  | (3,107 | )
Net deferred tax assets (liabilities) |  | $ | (146 | ) |  | $ | – |
* | As required by the 2017 Tax Cuts and Jobs Act (the “2017 Act”), research and experimental (“R&E”) expenses under Internal Revenue Code Section 174 are required to be capitalized beginning in our fiscal year ended June 30, 2023. R&E expenses are required to be amortized over five years for domestic expenses and 15 years for foreign expenses.
Schedule of Effective Income Tax Reconciliation |
Schedule of Effective Income Tax Reconciliation |  |  |  |  |  |  |  |
|  | Years Ended June 30, |
|  | 2023 |  |  | 2022 |
|  | (In thousands) |
Statutory federal provision (benefit) for income taxes |  | $ | (1,729 | ) |  | $ | (1,510 | )
Increase (decrease) resulting from: |  |  |  |  |  |  |  |
Stock options |  |  | (283 | ) |  |  | (588 | )
Other permanent differences |  |  | 30 |  |  |  | (54 | )
Change in valuation allowance |  |  | 2,222 |  |  |  | (1,829 | )
Global intangible low-tax income inclusion |  |  | 2 |  |  |  | 4 |
Foreign tax rate variances |  |  | 112 |  |  |  | 120 |
Acquisition costs |  |  | – |  |  |  | 395 |
Other |  |  | 394 |  |  |  | 1,630 |
Provision (benefit) for income taxes |  | $ | 748 |  |  | $ | (1,832 | )
Summary of Operating Income (Loss) Carryforwards |
Summary of Operating Income (Loss) Carryforwards |  |  |  |
|  | June 30, |
|  | 2023 |
|  | (In thousands) |
Federal |  | $ | 43,320 |
State |  | $ | 22,589 |
Summary of uncertain tax position |
Summary of uncertain tax position |  |  |  |
|  | Year Ended |
|  | June 30, 2023 |
|  | (In thousands) |
Balance as of June 30, 2022 |  | $ | 5,652 |
Change in balances related to uncertain tax positions |  |  | (839 | )
Balance as of June 30, 2023 |  | $ | 4,813 |

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