XML 46 R32.htm IDEA: XBRL DOCUMENT
v3.20.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2020
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense | The components of income tax benefit from operations are as follows:
|  | Year Ended June 30, |
(In thousands) |  | 2020 |  |  | 2019 |
Current |  |  |  |  |  |  |  |
Federal |  | $ | — |  |  | $ | 858 |
State and local |  |  | — |  |  |  | — |
Total current tax benefit |  | $ | — |  |  | $ | 858 |
Deferred |  |  |  |  |  |  |  |
Federal |  |  | — |  |  |  | — |
State and local |  |  | — |  |  |  | — |
Total deferred tax benefit |  | $ | — |  |  | $ | — |
Total tax benefit |  | $ | — |  |  | $ | 858 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the reported income tax benefit to the amount that would result by applying the U.S. Federal statutory rate to the loss before income taxes to the actual amount of income tax benefit recognized follows:
|  | Year Ended June 30, |
(In thousands) |  | 2020 |  |  | 2019 |
Expected benefit |  | $ | 1,746 |  |  | $ | 1,763 |
State tax expense |  |  | — |  |  |  | — |
Change in valuation allowance |  |  | 2,961 |  |  |  | (1,325 | )
Prior year true-up |  |  | (4,650 | ) |  |  | — |
Other permanent items |  |  | (57 | ) |  |  | (9 | )
Total income tax benefit |  | $ | — |  |  | $ | 429 |
Schedule of Deferred Tax Assets and Liabilities | The Company’s deferred tax assets as of June 30, 2020 and 2019 consist of the following:
|  | Year Ended June 30, |
(In thousands) |  | 2020 |  |  | 2019 |
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 14,786 |  |  | $ | 17,738 |
Alternative minimum tax credit carryforwards |  |  | — |  |  |  | — |
Lease liability - current and non-current |  |  | 202 |  |  |  | — |
Accrued expenses and other timing |  |  | 1,047 |  |  |  | 1,100 |
Property and equipment, principally due to differences in depreciation |  |  | 85 |  |  |  | — |
Total gross deferred tax assets |  | $ | 16,120 |  |  | $ | 18,838 |
Less — valuation allowance |  |  | (15,941 | ) |  |  | (18,903 | )
Net deferred tax assets |  | $ | 179 |  |  | $ | (65 | )
Deferred tax liabilities: |  |  |  |  |  |  |  |
Right-of-use assets |  | $ | (179 | ) |  | $ | — |
Property and equipment, principally due to differences in depreciation |  |  | — |  |  |  | 65 |
Total gross deferred tax liabilities |  |  | (179 | ) |  |  | 65 |
Net deferred tax assets |  | $ | — |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration