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Note 20 - Discontinued Operations | 12 Months Ended
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Jun. 30, 2025
Notes to Financial Statements |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Note 20 - Discontinued Operations On July 31, 2024, after the wind down of operations, the Company entered into a definitive agreement to divest its Consumer Health business to a private, e-commerce focused company. The divested business encompassed the established e-commerce platform, certain inventory and associated consumer brands, intellectual property, external workforce and contracts, and provided for the Company to receive contingent consideration payments on certain future sales of former Consumer Health business products. The accounting requirements for reporting the Consumer Health business as discontinued operation were met when the wind down and divestiture was completed on July 31, 2024. Accordingly, the accompanying consolidated financial statements for all periods presented reflect this business as a discontinued operation and certain assets and liabilities of discontinued operations have been reclassified to the current assets of discontinued operations; non-current assets of discontinued operations; and current liabilities of discontinued operations financial statement line items on the accompanying consolidated balance sheets as of June 30, 2024, and 2023. The Company elected to record the contingent consideration portion of the arrangement when the consideration is determined to be realizable and, therefore, the Company did not record a contingent consideration asset at the transaction date and any subsequent proceeds will not be recognized until the contingent consideration asset is realizable, at which point the Company will recognize it to loss from discontinued operations. The key components of loss from discontinued operations, net of tax for the years ended June 30, 2024, and 2023, were as follows:
|  | Year Ended |
​ |  | June 30, |
|  | 2024 |  |  | 2023 |
​ |  | (in thousands) |
Net revenue |  | $ | 15,819 |  |  | $ | 33,600 |
Cost of sales |  |  | (10,287 | ) |  |  | (19,197 | )
Selling and marketing |  |  | (4,875 | ) |  |  | (17,217 | )
General and administrative |  |  | (2,560 | ) |  |  | (3,096 | )
Research and development |  |  | (22 | ) |  |  | (116 | )
Amortization of intangible assets |  |  | (1,529 | ) |  |  | (1,097 | )
Restructuring costs |  |  | (209 | ) |  |  | — |
Impairment expense |  |  | — |  |  |  | (2,975 | )
Gain from contingent consideration |  |  | — |  |  |  | 391 |
Interest expense |  |  | (35 | ) |  |  | (55 | )
Loss from discontinued operations before income taxes |  |  | (3,698 | ) |  |  | (9,762 | )
Income tax benefit |  |  | 374 |  |  |  | 263 |
Net loss from discontinued operations, net of tax |  | $ | (3,324 | ) |  | $ | (9,499 | )
The key components of assets and liabilities of discontinued operations as of June 30, 2024, and 2023, were as follows:
|  | June 30, |
|  | 2024 |  |  | 2023 |
|  | (in thousands) |
ASSETS |  |  |  |  |  |  |  |
Current assets of discontinued operations: |  |  |  |  |  |  |  |
Accounts receivable, net |  | $ | 91 |  |  | $ | 209 |
Inventories |  |  | 492 |  |  |  | 3,487 |
Prepaid expenses and other current assets |  |  | 538 |  |  |  | 1,735 |
Total current assets of discontinued operations |  |  | 1,121 |  |  |  | 5,431 |
Non-current assets of discontinued operations: |  |  |  |  |  |  |  |
Property and equipment, net |  |  | — |  |  |  | 36 |
Operating lease right-of-use assets |  |  | — |  |  |  | 226 |
Intangible assets, net |  |  | — |  |  |  | 1,529 |
Other non-current assets |  |  | 44 |  |  |  | 91 |
Total current assets of discontinued operations |  |  | 44 |  |  |  | 1,882 |
Total current and non-current assets of discontinued operations |  | $ | 1,165 |  |  | $ | 7,313 |
LIABILITIES |  |  |  |  |  |  |  |
Current liabilities of discontinued operations: |  |  |  |  |  |  |  |
Accounts payable |  | $ | 126 |  |  | $ | 929 |
Accrued liabilities |  |  | 431 |  |  |  | 837 |
Total current liabilities of discontinued operations |  | $ | 557 |  |  | $ | 1,766 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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