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COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS | 9 Months Ended
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Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS | NOTE 3. 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):
|  | March 31, 2015 |  | June 30, 2014
Raw materials /purchased components |  | $ | 1,539 |  |  | $ | 878 |
Work in process |  |  | 934 |  |  |  | 525 |
Sub-assemblies /finished components |  |  | 880 |  |  |  | 823 |
Finished goods |  |  | 91 |  |  |  | 374 |
Total inventory |  | $ | 3,444 |  |  | $ | 2,600 |
Investments During the quarter ended March 31, 2015, we liquidated our investment portfolio to fund our working capital requirements, especially our inventory requirements, as we prepare to launch production of two new products. During the three and nine months ended March 31, 2015, we sold certain of our investments in marketable equity securities of publicly held companies and recorded realized gains of $395,000 and $455,000, respectively. Our investments at June 30, 2014 amounted to $1,058,000 which represented an aggregate cost basis of $857,000, gross unrealized gains aggregating $209,000 and unrealized losses of $7,000. Intangibles Intangibles consist of the following (in thousands):
|  | March 31, 2015 |  | June 30, 2014
Capitalized software development costs |  | $ | 73 |  |  | $ | 37 |
Covenant not to compete |  |  | 49 |  |  |  | — |
Trade name |  |  | 54 |  |  |  | — |
Customer list and backlog |  |  | 306 |  |  |  | — |
Patent-related costs |  |  | 95 |  |  |  | 68 |
Total intangibles |  | $ | 577 |  |  | $ | 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. Both the covenant not to compete and the customer list and backlog relate to assets acquired in conjunction with the business acquisitions more fully described in Note 2 above and will be amortized over various periods not to exceed ten years. The trade name relates exclusively to Fineline Molds and has an indefinite life, subject to impairment loss consideration if certain conditions exist. 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, or expensed immediately in the event the patent office denies the issuance of the patent.

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