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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Jun. 30, 2016
Current assets    
Cash and cash equivalents $ 10,225 $ 7,883
Accounts receivable 1,434 1,552
Income tax receivable 133 0
Inventory, net 23,917 25,116
Current deferred income tax asset 0 2,776
Prepaid expenses and deposits 3,863 5,082
Total current assets 39,572 42,409
Long-term assets    
Property and equipment, net 3,163 3,456
Intangible assets, net 1,731 1,744
Long-term deferred income tax asset 3,906 1,130
Other long-term assets 1,424 1,520
TOTAL ASSETS 49,796 50,259
Current liabilities    
Accounts payable 7,730 8,891
Commissions payable 7,484 7,719
Income tax payable 0 1,206
Other accrued expenses 9,494 8,734
Current portion of long-term debt 2,000 2,000
Total current liabilities 26,708 28,550
Long-term liabilities    
Principal amount 7,000 7,500
Less: unamortized discount and deferred offering costs (84) (91)
Long-term debt, net of unamortized discount and deferred offering costs 6,916 7,409
Other long-term liabilities 2,090 2,169
Total liabilities 35,714 38,128
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 14,059 and 14,028 issued and outstanding as of September 30, 2016 and June 30, 2016, respectively 14 14
Additional paid-in capital 120,830 120,150
Accumulated deficit (106,896) (108,076)
Accumulated other comprehensive loss 134 43
Total stockholders’ equity 14,082 12,131
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 49,796 $ 50,259