XML 82 R67.htm IDEA: XBRL DOCUMENT v3.23.2
Income Taxes (Details - Deferred tax assets) - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Deferred tax assets:    
Tax losses and credits $ 9,882 $ 15,310
Reserves not currently deductible 2,054 1,881
Capitalized research and development expenses [1] 6,975 0
Deferred compensation 1,301 1,858
Inventory capitalization 2,390 1,508
Lease liabilities 2,848 2,260
Depreciation and amortization 0 130
Identified intangibles 446 0
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 0 (463)
Depreciation and amortization (579) 0
Deferred tax liabilities (3,773) (3,107)
Net deferred tax assets (liabilities) $ (146) $ 0
[1] 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.