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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Jun. 30, 2015
Current Assets:    
Cash and cash equivalents $ 1,452 $ 697
Accounts receivable, net of allowance for doubtful accounts of $18 and $36, respectively 2,169 $ 2,326
Due from factor 1,581
Unbilled receivables 123 $ 853
Other current receivables 113 28
Inventory 4,118 4,310
Prepaid expenses $ 129 124
Deferred income taxes 70
Total current assets $ 9,685 8,408
Equipment and leasehold improvements, net $ 1,198 1,470
Investment in Ramsey property and related notes receivable 1,652
Goodwill $ 112 353
Intangibles 442 547
Other assets 80 86
Total assets 11,517 12,516
Current Liabilities:    
Accounts payable 1,132 1,867
Accrued expenses 892 1,202
Deferred revenue 117 $ 594
Income taxes payable 3
Note payable $ 24 $ 24
Capital lease obligations 7
Total current liabilities $ 2,168 3,694
Deferred income taxes 70
Deferred rent $ 157 204
Note payable, net of current portion 52 70
Total non-current liabilities 209 344
Total liabilities 2,377 4,038
Shareholders' equity:    
Common shares; no par value; 50,000,000 shares authorized; 4,152,139 and 4,139,579 shares issued and outstanding at March 31, 2016 and June 30, 2015, respectively 18,440 18,411
Accumulated deficit (9,300) (9,933)
Total shareholders' equity 9,140 8,478
Total liabilities and shareholders' equity $ 11,517 $ 12,516