Acquisitions (Tables)

12 Months Ended

Jun. 30, 2023

Acquisitions [Abstract]

Schedule of Consideration Fair Value of Net Assets

The computation of the purchase price consideration and the allocation of the consideration to the net assets acquired are presented in the following tables (in thousands):

Purchase price consideration:
Cash consideration, net of cash acquired(a)	$	3,346
Stock consideration(b)		3,840
Total purchase price consideration, net of cash acquired	$	7,186
(a) Includes $4.5 million paid net of $1.2 million of cash acquired. (b) Calculated as 179,087 shares of the Company’s common stock, multiplied by $21.44, the closing price of the Company’s common stock on the closing date.
Allocation of purchase price consideration:
Accounts receivable	$	1,322
Inventories		2,074
Vendor Deposits		170
Other assets		779
Equipment and improvements		841
Intangible assets		1,700
Accounts payable and accrued expenses		(948	)
Accrued employee expenses		(62	)
Customer deposits		(689	)
Deferred tax liabilities		(622	)
Total identifiable net assets		4,565
Goodwill		2,621
Total	$	7,186

Purchase price consideration:
Cash consideration	$	5,366
Total purchase price consideration	$	5,366
Allocation of purchase price consideration:
Accounts receivable	$	920
Inventories		1,232
Other assets		161
Equipment and improvements		770
Intangible assets		1,580
Accounts payable and accrued expenses		(1,357	)
Accrued employee expenses		(72	)
Customer deposits		(336	)
Total identifiable net assets		2,898
Goodwill		2,468
Total	$	5,366

Schedule of Unaudited Supplemental Pro Forma Information of Operations

These unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations of the Company would have been if the transactions had occurred on the date assumed, nor are they indicative of future results of operations.

	For the year ended June 30,
(in thousands)	2023 (Unaudited)		2022 (Unaudited)
Revenues	$	357,353	$	299,321
Net income		10,074		6,850