v3.24.3

Discontinued Operations (Tables) | 12 Months Ended
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Jun. 30, 2024
Discontinued Operations |
Schedule of discontinued operations | The following table presents a reconciliation of the major financial lines constituting the results of operations for discontinued operations to the loss from discontinued operations presented separately in the consolidated statements of operations (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended June 30,
​ | ​ | 2024 | ​ | 2023
Revenues | ​ | $ | — | ​ | $ | 391
Cost of goods sold | ​ | ​ | — | ​ | ​ | 52
Gross profit | ​ | ​ | — | ​ | ​ | 339
Operating expenses: | ​ | ​ | ​ | ​ | ​ | ​
Research and development | ​ | ​ | — | ​ | ​ | 6,344
General and administrative | ​ | ​ | 1,207 | ​ | ​ | 6,751
Fixed asset impairments | ​ | ​ | 3,100 | ​ | ​ | 17,900
Loss (gain) on sale of fixed assets | ​ | ​ | 4,816 | ​ | ​ | (773)
Inventory reserve | ​ | ​ | — | ​ | ​ | 4,915
Total operating expenses | ​ | ​ | 9,123 | ​ | ​ | 35,137
​ | ​ | ​ | ​ | ​ | ​ | ​
Other income (expenses): | ​ | ​ | ​ | ​ | ​ | ​
Interest expense - term note payable | ​ | ​ | (1,149) | ​ | ​ | (900)
Gain on extinguishment of debt | ​ | ​ | 808 | ​ | ​ | —
Other | ​ | ​ | — | ​ | ​ | (1)
Total other expenses | ​ | ​ | (341) | ​ | ​ | (901)
​ | ​ | ​ | ​ | ​ | ​ | ​
Loss from discontinued operations | ​ | $ | (9,464) | ​ | $ | (35,699)
​ The following table presents net carrying values related to the major classes of assets that were classified as held for sale at June 30, 2024 and 2023 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | June 30,
​ | ​ | 2024 | ​ | 2023
Current assets: | ​ | ​ | ​ | ​ | ​ | ​
Operating lease right-of-use assets | ​ | $ | - | ​ | $ | 1,941
Property and equipment, net | ​ | ​ | - | ​ | ​ | 16,124
Total current assets | ​ | $ | - | ​ | $ | 18,065
​ | ​ | ​ | ​ | ​ | ​ | ​
Current liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Operating lease obligation | ​ | $ | - | ​ | $ | 1,941
Total current liabilities | ​ | $ | - | ​ | $ | 1,941
​ ​ The following table presents the supplemental disclosures related to discontinued operations for the cash flows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended June 30,
​ | ​ | 2024 | ​ | 2023
Depreciation expense | ​ | $ | — | ​ | $ | 273
Amortization of finance lease right-of-use assets | ​ | ​ | — | ​ | ​ | 20
Purchase of fixed assets | ​ | ​ | — | ​ | ​ | 1,542
Fixed asset impairments | ​ | ​ | 3,100 | ​ | ​ | 17,900
Loss on sale of fixed assets | ​ | ​ | 4,817 | ​ | ​ | —
Gain on extinguishment of debt | ​ | ​ | (808) | ​ | ​ | —
Payments of term note payable | ​ | ​ | (1,513) | ​ | ​ | —
Inventory reserve | ​ | ​ | — | ​ | ​ | 4,915
Sales proceeds of fixed assets | ​ | ​ | 50 | ​ | ​ | 2,600
Payment of finance lease obligation | ​ | ​ | — | ​ | ​ | 17
Investing non-cash transactions: | ​ | ​ | ​ | ​ | ​ | ​
Fixed assets included in accounts payable in prior period, paid in current period | ​ | ​ | — | ​ | ​ | 1,542
​ | ​ | ​ | ​ | ​ | ​ | ​
Supplemental cash flow information: | ​ | ​ | ​ | ​ | ​ | ​
Cash paid during the period for interest | ​ | ​ | 577 | ​ | ​ | 603
​

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