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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Jun. 30, 2016
Current assets    
Cash and cash equivalents $ 11,458 $ 7,883
Accounts receivable 1,334 1,552
Income tax receivable 913 0
Inventory, net 16,575 25,116
Current deferred income tax asset   2,260
Prepaid expenses and deposits 5,266 6,301
Total current assets 35,546 43,112
Long-term assets    
Property and equipment, net 3,127 3,456
Intangible assets, net 1,247 1,744
Long-term deferred income tax asset 4,087  
Long-term deferred income tax asset   1,023
Other long-term assets 1,242 1,520
TOTAL ASSETS 45,249 50,855
Current liabilities    
Accounts payable 4,850 8,891
Commissions payable 6,837 7,719
Income tax payable 215 3,284
Other accrued expenses 9,453 8,734
Current portion of long-term debt 2,000 2,000
Total current liabilities 23,355 30,628
Long-term debt    
Principal amount 5,500 7,500
Less: unamortized discount and deferred offering costs (60) (91)
Long-term debt, net of unamortized discount and deferred offering costs 5,440 7,409
Other long-term liabilities 1,927 2,169
Total liabilities 30,722 40,206
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 14,232 and 14,028 issued and outstanding as of June 30, 2017 and 2016, respectively 14 14
Additional paid-in capital 121,599 119,242
Accumulated deficit (106,992) (108,600)
Accumulated other comprehensive loss (94) (7)
Total stockholders’ equity 14,527 10,649
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 45,249 $ 50,855