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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Jun. 30, 2019
Current Assets:    
Cash $ 402 $ 475
Accounts receivable, net 5,507 4,439
Inventories 10,101 8,819
Other current assets 451 346
Total current assets 16,461 14,079
Property and equipment, net 1,696 1,778
Operating lease right-of-use assets (includes $2,788 and $3,236 with a related party) 2,824 3,284
Deferred tax assets, net 1,883 534
Security deposits and other assets 80 115
Total Assets 22,944 19,790
Current Liabilities:    
Advances under revolving credit facility 4,046 5,834
Accounts payable (includes $62 and $67 due to a related party) 4,358 3,855
Accrued expenses and other current liabilities 1,384 1,147
Current portion of long term debt, net 2,823 1,047
Current portion of operating lease liabilities (includes $467 and $450 due to a related party) 488 470
Total current liabilities 13,099 12,353
Long term debt, net 1,436 2,722
Operating lease liabilities (includes $2,327 and $2,793 due to a related party) 2,342 2,822
Total Liabilities 16,877 17,897
Commitments and Contingencies
Stockholders' Equity    
Common Stock, $0.002 par value; 50,000,000 shares authorized; 29,680,843 and 29,600,843 shares issued; and 29,645,943 and 29,565,943 shares outstanding 59 59
Additional paid-in-capital 50,263 50,197
Accumulated deficit (44,156) (48,264)
Less: Treasury stock, at cost, 34,900 shares (99) (99)
Total Stockholders' Equity 6,067 1,893
Total Liabilities and Stockholders' Equity $ 22,944 $ 19,790