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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Current assets      
Cash and cash equivalents $ 13,464 $ 18,824 $ 15,913
Accounts receivable 1,164 2,066  
Income tax receivable 2,383 1,236  
Inventory, net 14,740 13,753  
Prepaid expenses and other 6,084 7,309  
Total current assets 37,835 43,188  
Long-term assets      
Property and equipment, net 7,384 7,131  
Right-of-use assets 1,536    
Intangible assets, net 884 983  
Deferred income tax asset 941 2,693  
Equity securities 2,205   $ 0
Other long-term assets 1,548 1,278  
TOTAL ASSETS 52,333 55,273  
Current liabilities      
Accounts payable 4,004 5,180  
Commissions payable 8,223 7,916  
Income tax payable 0 592  
Lease liabilities 1,843    
Other accrued expenses 9,254 11,053  
Current portion of long-term debt, net 0 1,454  
Total current liabilities 23,324 26,195  
Lease liabilities 23    
Other long-term liabilities 388 1,879  
Total liabilities 23,735 28,074  
Commitments and contingencies - Note 8  
Stockholders’ equity      
Preferred stock — par value $0.0001 per share, 5,000 shares authorized, no shares issued or outstanding 0 0  
Common stock — par value $0.0001 per share, 40,000 shares authorized and 14,295 and 14,114 issued and outstanding as of March 31, 2020 and June 30, 2019, respectively 1 1  
Additional paid-in capital 125,697 127,096  
Accumulated deficit (97,132) (99,960)  
Accumulated other comprehensive income 32 62  
Total stockholders’ equity 28,598 27,199  
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 52,333 $ 55,273