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COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS
3 Months Ended
Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS

NOTE 2. COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS

Inventory

Inventory is stated at the lower of cost (first-in, first-out) or market and consists of the following (in thousands):

                 
   

September 30,
2014

   

June 30,
 2014

 
Raw materials /purchased components   $ 820     $ 878  
Work in process     750       525  
Sub-assemblies /finished components     801       823  
Finished goods     216       374  
Total inventory   $ 2,587     $ 2,600  

Investments 

Investments are stated at market value and consist of the following (in thousands):

                 
   

September 30,
2014

   

June 30,
 2014

 
Marketable equity securities   $ 1,082     $ 1,058  

Investments at September 30, 2014 and June 30, 2014 had an aggregate cost basis of $869,000 and $857,000, respectively, gross unrealized gains aggregating $231,000 and $208,000, respectively, and unrealized losses of 18,000 and $7,000, respectively. 

Intangibles

Intangibles consist of the following (in thousands):

                 
   

September 30,
2014

   

June 30,
 2014

 
Capitalized software development costs   $ 73     $ 37  
Patent-related costs     92       68  
Total intangibles   $ 165     $ 105  

Capitalized software development costs relate to internally developed software, which will be amortized over the estimated product life of the underlying product currently in development. Patent-related costs consist of legal fees incurred in connection with patent applications, and will be amortized over the life of the applicable patent upon its issuance.