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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Jun. 30, 2015
Current assets    
Cash and cash equivalents $ 8,494 $ 13,905
Accounts receivable 2,042 1,031
Income tax receivable 2,226 2,179
Inventory 17,002 9,248
Current deferred income tax asset 1,086 1,117
Prepaid expenses and deposits 4,855 2,995
Total current assets 35,705 30,475
Long-term assets    
Property and equipment, net 4,981 5,759
Intangible assets, net 1,778 1,879
Long-term deferred income tax asset 229 235
Other long-term assets 1,427 1,433
TOTAL ASSETS 44,120 39,781
Current liabilities    
Accounts payable 5,938 2,614
Commissions payable 8,291 6,505
Other accrued expenses 9,067 5,600
Current portion of long-term debt 2,000 11,141
Total current liabilities 25,296 25,860
Long-term liabilities    
Principal amount 8,000 10,484
Less: unamortized discount and deferred offering costs (99) (1,951)
Long-term debt, net of unamortized discount and deferred offering costs 7,901 8,533
Other long-term liabilities 2,084 2,063
Total liabilities $ 35,281 $ 36,456
Commitments and contingencies - Note 6
Stockholders’ equity    
Preferred stock — par value $0.001 per share, 50,000 shares authorized, no shares issued or outstanding $ 0 $ 0
Common stock — par value $0.001 per share, 250,000 shares authorized and 14,008 and 13,958 issued and outstanding as of March 31, 2016 and June 30, 2015, respectively 14 14
Additional paid-in capital 119,374 117,657
Accumulated deficit (110,426) (114,095)
Accumulated other comprehensive loss (123) (251)
Total stockholders’ equity 8,839 3,325
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 44,120 $ 39,781