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Acquisitions (Tables) | 12 Months Ended
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Jun. 30, 2023
Business Acquisition [Line Items] |
Schedule of purchase consideration |
Schedule of purchase consideration |  |  |  |
Cash paid, including initial working capital adjustments |  | $ | 8,754 |
Preliminary estimated fair value of earnout consideration |  |  | 1,718 |
Total purchase consideration |  | $ | 10,472 |
Schedule of intangible assets of useful lives |
Schedule of intangible assets of useful lives |  |  |  |  |  |  |  |
|  | Asset Fair Value |  |  | Weighted Average Useful Life |
|  | (In thousands) |  |  | (In years) |
Customer relationships |  | $ | 1,030 |  |  |  | 5.0 |
Developed technology |  |  | 600 |  |  |  | 5.0 |
Trademarks and trade names |  |  | 180 |  |  |  | 1.0 |
Schedule of change in the earnout consideration liability |
Schedule of change in the earnout consideration liability |  |  |  |
Preliminary estimated fair value of earnout consideration |  | $ | 1,718 |
Remeasurement estimates |  |  | (447 | )
Payments |  |  | – |
Balance at June 30, 2023 |  | $ | 1,271 |
Schedule of supplemental pro forma data |
Schedule of supplemental pro forma data |  |  |  |  |  |  |  |
|  | Years ended June 30, |
|  | 2023 |  |  | 2022 |
|  | (In thousands, except per share amounts) |
Pro forma net revenue |  | $ | 133,224 |  |  | $ | 138,835 |
Pro forma net loss |  | $ | (7,545 | ) |  | $ | (5,813 | )
Pro forma net loss per share: |  |  |  |  |  |  |  |
Basic and Diluted |  | $ | (0.21 | ) |  | $ | (0.18 | )
Uplogix [Member] |
Business Acquisition [Line Items] |
Schedule of purchase price allocation |
Schedule of purchase price allocation |  |  |  |
Cash and cash equivalents |  | $ | 4,104 |
Accounts receivable, net |  |  | 1,900 |
Inventories, net |  |  | 3,590 |
Prepaid expense and other current assets |  |  | 288 |
Lease right-of-use asset |  |  | 778 |
Other non-current assets |  |  | 129 |
Amortizable intangible assets |  |  | 1,810 |
Goodwill |  |  | 7,056 |
Accounts payable |  |  | (278 | )
Accrued payroll |  |  | (262 | )
Deferred revenue |  |  | (4,096 | )
Other current liabilities |  |  | (3,067 | )
Notes payable |  |  | (900 | )
Other noncurrent liabilities |  |  | (580 | )
Total consideration |  | $ | 10,472 |
Acquisition Of Transition Networks [Member] |
Business Acquisition [Line Items] |
Schedule of purchase consideration |
Schedule of purchase consideration |  |  |
Cash consideration paid to CSI |  | $ | 23,651 |
Estimated fair value of earnout consideration |  |  | 393 |
Total purchase consideration |  | $ | 24,044 |
Schedule of intangible assets of useful lives |
Schedule of intangible assets of useful lives |  |  |  |  |  |
|  | Asset Fair Value |  |  | Weighted Average Useful Life |
|  | (In thousands) |  |  | (In years) |
Customer relationships |  | $ | 7,467 |  |  |  | 3.5 |
Developed technology |  |  | 1,890 |  |  |  | 3.5 |
Order backlog |  |  | 567 |  |  |  | 1.0 |
Trademarks and trade names |  |  | 870 |  |  |  | 2.0 |
TN Companies [Member] |
Business Acquisition [Line Items] |
Schedule of purchase price allocation |
Schedule of purchase price allocation |  |  |
Cash and cash equivalents |  | $ | 22 |
Accounts receivable, net |  |  | 5,277 |
Inventories, net |  |  | 7,734 |
Prepaid expense and other current assets |  |  | 355 |
Property and equipment, net |  |  | 121 |
Goodwill |  |  | 4,958 |
Amortizable intangible assets |  |  | 10,794 |
Accounts payable |  |  | (1,872 | )
Accrued payroll |  |  | (9 | )
Deferred tax liability |  |  | (2,036 | )
Other current liabilities |  |  | (1,300 | )
Total consideration |  | $ | 24,044 |

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