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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Jun. 30, 2015
Current assets    
Cash and cash equivalents $ 7,883 $ 13,905
Accounts receivable 1,552 1,031
Income tax receivable 0 2,179
Inventory, net 25,116 9,248
Current deferred income tax asset 2,776 1,117
Prepaid expenses and deposits 5,082 2,995
Total current assets 42,409 30,475
Long-term assets    
Property and equipment, net 3,456 5,759
Intangible assets, net 1,744 1,879
Long-term deferred income tax asset 1,130 235
Other long-term assets 1,520 1,433
TOTAL ASSETS 50,259 39,781
Current liabilities    
Accounts payable 8,891 2,614
Commissions payable 7,719 6,505
Income tax payable 1,206 0
Other accrued expenses 8,734 5,600
Current portion of long-term debt 2,000 11,141
Total current liabilities 28,550 25,860
Long-term debt    
Principal amount 7,500 10,484
Less: unamortized discount and deferred offering costs (91) (1,951)
Long-term debt, net of unamortized discount and deferred offering costs 7,409 8,533
Other long-term liabilities 2,169 2,063
Total liabilities 38,128 36,456
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 14,028 and 13,958 issued and outstanding as of June 30, 2016 and 2015, respectively 14 14
Additional paid-in capital 120,150 117,657
Accumulated deficit (108,076) (114,095)
Accumulated other comprehensive income (loss) 43 (251)
Total stockholders’ equity 12,131 3,325
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 50,259 $ 39,781