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BUSINESS ACTIVITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Sep. 30, 2021
BUSINESS ACTIVITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Summary of disaggregation of Revenue | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the three |  | For the three
​ | ​ | Months ended | ​ | Months ended
Disaggregation of Revenue (in 000’s): | ​ | September 30, 2021 | ​ | September 30, 2020
Equipment upon delivery (point in time) | ​ | $ | 3,433 | ​ | $ | 1,722
Installation (point in time) | ​ |  | 41 | ​ |  | 35
Total revenues | ​ | $ | 3,474 | ​ | $ | 1,757
Summary of valuation allowance | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Deferred | ​ | ​ | ​ | ​ | Existing valuation allowance | ​ | ​ | ​
​ |  | Tax Assets |  | Deferred Tax Liabilities |  | Prior to business combination |  | Net Position
MiT Inc. | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
MiT LLC | ​ |  | 248 | ​ |  | (13) | ​ |  | (235) | ​ |  | —
Total July 1, 2021 | ​ | $ | 248 | ​ | $ | (13) | ​ | $ | (235) | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax assets | ​ | $ | 408 | ​ | $ | — | ​ | $ | — | ​ | $ | 408
Deferred tax liabilities | ​ |  | — | ​ |  | (11) | ​ |  | — | ​ |  | (11)
Valuation allowance | ​ |  | — | ​ |  | — | ​ |  | (397) | ​ |  | (397)
Total MiT Inc. September 30, 2021 | ​ | $ | 408 | ​ | $ | (11) | ​ | $ | (397) | ​ | $ | —
Schedule of deferred tax assets and deferred tax liabilities | ​
​ | ​ | ​ | ​
​ |  | Deferred Tax
​ | ​ | Assets (Liabilities)
Inventory reserve | ​ | $ | 133
Accumulated depreciation | ​ |  | (7)
Accumulated goodwill amortization | ​ |  | (6)
Warranty reserve | ​ |  | 8
Allowance for doubtful accounts | ​ |  | 100
Deferred rent | ​ | ​ | 7
Net | ​ | ​ | 235
Valuation allowance | ​ |  | (235)
Total July 1, 2021 | ​ | $ | —
​ | ​ | ​ | ​
Inventory reserve | ​ | $ | 133
Accumulated depreciation | ​ |  | (2)
Accumulated goodwill amortization | ​ |  | (9)
Deferred rent | ​ | ​ | 7
Warranty reserve | ​ |  | 9
Stock compensation | ​ |  | 16
Net operating loss carryforward | ​ |  | 169
Allowance for doubtful accounts | ​ |  | 74
Net | ​ | ​ | 397
Valuation allowance | ​ |  | (397)
Total September 30, 2021 | ​ | $ | —
Summary of warranty liabilities | The changes in the Company’s aggregate warranty liabilities were as follows for the following periods (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, |  | June 30,
​ | ​ | 2021 | ​ | 2021
Product warranty liability, beginning of period | ​ | $ | 29 | ​ | $ | 65
Accruals for warranties issued | ​ |  | 7 | ​ |  | 29
Change in estimates | ​ |  | — | ​ |  | (37)
Settlements made | ​ |  | (3) | ​ |  | (28)
Product warranty liability, end of the period | ​ | $ | 33 | ​ | $ | 29

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123368208&loc=d3e12565-110249 + Details
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