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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Jun. 30, 2014
Current assets    
Cash and cash equivalents $ 13,905 $ 20,387
Accounts receivable 1,031 1,317
Income tax receivable 2,179 4,681
Inventory 9,248 8,826
Current deferred income tax asset 1,117 158
Prepaid expenses and deposits 2,995 4,604
Total current assets 30,475 39,973
Long-term assets    
Property and equipment, net 5,759 6,941
Intangible assets, net 1,879 2,014
Deferred debt offering costs, net 1,098 1,353
Long-term deferred income tax asset 235 1,285
Other long-term assets 1,433 2,433
TOTAL ASSETS 40,879 53,999
Current liabilities    
Accounts payable 2,614 2,854
Commissions payable 6,505 7,594
Other accrued expenses 5,600 7,554
Current portion of long-term debt 11,141 4,700
Total current liabilities 25,860 22,702
Long-term debt    
Principal amount 10,484 26,125
Less: unamortized discount (853) (1,052)
Long-term debt, net of unamortized discount 9,631 25,073
Other long-term liabilities 2,063 2,234
Total liabilities $ 37,554 $ 50,009
Commitments and contingencies- Note 11    
Stockholders’ equity    
Preferred stock — par value $0.001, 50,000 shares authorized, no shares issued or outstanding $ 0 $ 0
Common stock — par value $0.001, 250,000 shares authorized and 97,671 and 102,173 issued and outstanding as of June 30, 2015 and 2014, respectively 98 102
Additional paid-in capital 117,573 115,244
Accumulated deficit (114,095) (111,240)
Accumulated other comprehensive loss (251) (116)
Total stockholders’ equity 3,325 3,990
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 40,879 $ 53,999