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Condensed Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2021
Jun. 30, 2021
Current Assets:    
Cash $ 162 $ 210
Accounts receivable, net 5,467 5,776
Inventories 13,121 11,695
Other current assets 597 317
Total current assets 19,347 17,998
Property and equipment, net 1,798 1,742
Operating lease right-of-use assets (includes $2,083 and $2,322 with a related party) 2,115 2,365
Deferred tax assets, net 3,751 3,268
Security deposits and other assets 60 67
Total Assets 27,071 25,440
Current Liabilities:    
Advances under revolving credit facility 3,146 2,173
Accounts payable (includes $69 and $65 due to related party) 4,243 3,496
Accrued expenses and other current liabilities 1,482 1,610
Current portion of long term debt, net 12 1,457
Current portion of operating lease liabilities (includes $494 and $485 with a related party) 501 500
Total current liabilities 9,384 9,236
Operating lease liabilities (includes $1,592 and $1,842 with a related party) 1,617 1,870
Total liabilities 11,001 11,106
Commitments and Contingencies
Stockholders' Equity :    
Common Stock, $0.002 par value; 50,000,000 shares authorized; 29,866,844 and 29,838,177 shares issued and 29,831,944 and 29,803,277 and shares outstanding, respectively 60 60
Additional paid-in capital 50,705 50,516
Accumulated deficit (34,596) (36,143)
Less: Treasury stock, at cost, 34,900 shares (99) (99)
Total Stockholders' Equity 16,070 14,334
Total Liabilities and Stockholders' Equity $ 27,071 $ 25,440