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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Jun. 30, 2017
Current assets    
Cash and cash equivalents $ 16,652 $ 11,458
Accounts receivable 2,067 1,334
Income tax receivable 451 913
Inventory, net 13,627 16,575
Prepaid expenses and deposits 6,141 5,266
Total current assets 38,938 35,546
Long-term assets    
Property and equipment, net 6,587 3,127
Intangible assets, net 1,115 1,247
Long-term deferred income tax asset 3,255 4,087
Other long-term assets 1,247 1,242
TOTAL ASSETS 51,142 45,249
Current liabilities    
Accounts payable 3,813 4,850
Commissions payable 7,546 6,837
Income tax payable 39 215
Other accrued expenses 10,407 9,453
Current portion of long-term debt 2,000 2,000
Total current liabilities 23,805 23,355
Long-term debt    
Principal amount 3,500 5,500
Less: unamortized discount and deferred offering costs (88) (60)
Long-term debt, net of unamortized discount and deferred offering costs 3,412 5,440
Other long-term liabilities 1,978 1,927
Total liabilities 29,195 30,722
Commitments and contingencies — Note 11
Stockholders’ equity    
Preferred stock — par value $0.0001 and $0.001 per share, 5,000 and 50,000 shares authorized, no shares issued or outstanding 0 0
Common stock — par value $0.0001 and $0.001 per share, 40,000 and 250,000 shares authorized and 14,073 and 14,232 issued and outstanding as of June 30, 2018 and 2017, respectively 1 14
Additional paid-in capital 124,663 121,599
Accumulated deficit (102,731) (106,992)
Accumulated other comprehensive income (loss) 14 (94)
Total stockholders’ equity 21,947 14,527
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 51,142 $ 45,249