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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Current Assets:    
Cash $ 1,316 $ 331
Accounts receivable, net 4,511 4,888
Inventories 10,261 11,055
Other current assets 284 352
Total current assets 16,372 16,626
Property and equipment, net 1,653 1,910
Operating lease right-of-use assets (includes $2,061 and $1,839 with a related party) 2,623 1,867
Deferred tax assets, net 4,726 4,798
Security deposits and other assets 57 49
Total Assets 25,431 25,250
Current Liabilities:    
Advances under revolving credit facility 0 101
Accounts payable (includes $0 and $72 due to a related party) 2,266 3,209
Accrued expenses and other current liabilities 1,632 1,411
Current portion of long term debt, net 42 32
Current portion of operating lease liabilities 888 510
Total current liabilities 4,828 5,263
Long term debt, net 7 53
Operating lease liabilities 1,735 1,359
Total Liabilities 6,570 6,675
Commitments and Contingencies (Note 10)
Stockholders' Equity    
Common Stock, $0.002 par value; 50,000,000 shares authorized; 29,984,510 and 29,949,610 shares issued and outstanding, respectively 60 60
Additional paid-in-capital 51,239 50,919
Accumulated deficit (32,339) (32,305)
Less: Treasury stock, at cost, 34,900 shares (99) (99)
Total Stockholders' Equity 18,861 18,575
Total Liabilities and Stockholders' Equity $ 25,431 $ 25,250