Inventories

12 Months Ended

Jun. 30, 2023

Inventories

Inventories

NOTE 5 - Inventories

Inventories, net of reserves are valued at lower of cost (first-in, first-out method) or net realizable value. Inventories, net of reserves consist of the following (in thousands):

	June 30,		June 30,
	2023		2022
Component parts	$	29,939	$	32,656
Work-in-process		7,726		10,085
Finished product		10,684		7,045
	$	48,349	$	49,786
Classification of inventories, net of reserves:
Current	$	35,062	$	40,781
Non-current		13,287		9,005
	$	48,349	$	49,786

The following table represents the inventory obsolescence and net realizable value inventory reserves as of the respective years ending June 30 (in thousands):

	Balance at beginning of period		Charged to costs and expenses		Deductions/ (recoveries)		Balance at end of period
For the Year Ended June 30, 2021:
Inventory obsolescence and net realizable value reserve	$	2,913	$	—	$	(79)	$	2,834
For the Year Ended June 30, 2022:
Inventory obsolescence and net realizable value reserve	$	2,834	$	1,187	$	—	$	4,021
For the Year Ended June 30, 2023:
Inventory obsolescence and net realizable value reserve	$	4,021	$	460	$	(905)	$	3,576