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Supplemental Financial Information - USD ($)
$ in Thousands

6 Months Ended

Dec. 31, 2022

Jun. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Financial Information

4. Supplemental Financial Information

Inventories

Inventories are stated at the lower of cost (first-in, first-out) or net realizable value and consist of the following:

Schedule of Inventory
		December 31,				June 30,
		2022				2022
		(In thousands)
Finished goods		$	22,377			$	16,094
Raw materials			26,779				21,585
Inventories		$	49,156			$	37,679

Other Liabilities

The following table presents details of our other liabilities:

Schedule of Other Liabilities
		December 31,				June 30,
		2022				2022
		(In thousands)
Current
Accrued variable consideration		$	2,462			$	1,905
Customer deposits and refunds			1,986				922
Accrued raw materials purchases			45				132
Deferred revenue			3,704				969
Lease liability			1,641				978
Taxes payable			401				371
Warranty reserve			596				594
Other accrued operating expenses			4,490				2,606
Total other current liabilities		$	15,325			$	8,477
Non-current
Lease liability		$	9,851			$	7,310
Deferred revenue			1,218				373
Total other non-current liabilities		$	11,069			$	7,683

Computation of Net Loss per Share

Basic and diluted net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the applicable period.

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

Schedule of Computation of Net Income (Loss) per Share
		Three Months Ended December 31,								Six Months Ended December 31,
		2022				2021				2022				2021
		(In thousands, except per share data)
Numerator:
Net loss		$	(2,609	)		$	(2,395	)		$	(4,262	)		$	(4,678	)
Denominator:
Weighted-average common shares outstanding - basic and diluted			36,352				31,848				35,883				30,540
Net loss per share - basic and diluted		$	(0.07	)		$	(0.08	)		$	(0.12	)		$	(0.15	)

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.

Schedule of anti dilutive securities
		Three Months Ended								Six Months Ended
		December 31,								December 31,
		2022				2021				2022				2021
			(In thousands)
Common stock equivalents			524				1,334				713				1,137

Purchased Intangible Assets

The following table presents details of purchased intangible assets:

Schedule of purchased intangible assets
		December 31, 2022												June 30, 2022
		Gross Carrying Amount				Accumulated Amortization				Net Book Value				Gross Carrying Amount				Accumulated Amortization				Net Book Value
											(In thousands)
Developed technology		$	6,331			$	(3,175	)		$	3,156			$	5,731			$	(2,493	)		$	3,238
Customer relationships			18,188				(7,613	)			10,575				16,498				(5,700	)			10,798
Order backlog			1,406				(1,406	)			–				1,406				(1,356	)			50
Non-compete agreements			400				(400	)			–				400				(400	)			–
Trademark and trade name			1,425				(1,043	)			382				1,245				(772	)			473
		$	27,750			$	(13,637	)		$	14,113			$	25,280			$	(10,721	)		$	14,559

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

As of December 31, 2022, future estimated amortization expense is as follows:

Schedule of future estimated amortization expense
Years Ending June 30,
(In thousands)
2023 (remainder)		$	2,993
2024			5,447
2025			3,817
2026			1,309
2027			458
Thereafter			89
Total future amortization		$	14,113

Restructuring, Severance and Related Charges

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

Schedule of severance and related charges
		Six Months Ended
		December 31,
		2022
		(In thousands)
Beginning balance		$	34
Charges			174
Payments			(208	)
Ending balance		$	–

These balances are recorded in accrued payroll and related expenses in the accompanying unaudited condensed consolidated balance sheets.

Supplemental Cash Flow Information

The following table presents non-cash investing transactions excluded from the accompanying unaudited condensed consolidated statements of cash flows:

Schedule of non-cash investing transactions
		Six Months Ended
		December 31,
		2022				2021
			(In thousands)
Accrued property and equipment paid for in the subsequent period		$	216			$	35
Fair value of warrant to purchase common stock issued with bank credit facility		$	–			$	500
Fair value of earnout consideration from acquisitions at the closing dates		$	1,718			$	393

Finished goods

$ 22,377

$ 16,094

Raw materials

26,779

21,585

Inventories

$ 49,156

$ 37,679

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