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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 25,894 $ 27,464
Accounts receivable, less allowance of $6,952 and $4,866, respectively 18,418 21,906
Finance receivables, net 7,941 6,727
Inventory, net 9,577 11,273
Prepaid expenses and other current assets 2,319 1,558
Total current assets 64,149 68,928
Non-current assets:    
Finance receivables due after one year, net 11,541 12,642
Other assets 2,075 2,099
Property and equipment, net 8,293 9,590
Operating lease right-of-use assets 5,903 0
Intangibles, net 23,818 26,171
Goodwill 63,945 63,945
Total non-current assets 115,575 114,447
Total assets 179,724 183,375
Current liabilities:    
Accounts payable 24,592 27,584
Accrued expenses 27,533 23,351
Finance lease obligations and current obligations under long-term debt 381 12,497
Income taxes payable 168 254
Deferred revenue 1,621 1,681
Total current liabilities 54,295 65,367
Long-term liabilities:    
Deferred income taxes 86 71
Finance lease obligations and long-term debt, less current portion 12,297 276
Operating lease liabilities, non-current 5,025 0
Accrued expenses, less current portion 450 100
Total long-term liabilities 17,858 447
Total liabilities 72,153 65,814
Commitments and contingencies
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preferences of $20,778 and $20,111 at March 31, 2020 and June 30, 2019, respectively 3,138 3,138
Shareholders’ equity:    
Preferred stock, no par value, 1,800,000 shares authorized, no shares issued 0 0
Common stock, no par value, 640,000,000 shares authorized, 64,448,957 and 60,008,481 shares issued and outstanding at March 31, 2020 and June 30, 2019, respectively 396,044 376,853
Accumulated deficit (291,611) (262,430)
Total shareholders’ equity 104,433 114,423
Total liabilities, convertible preferred stock and shareholders’ equity $ 179,724 $ 183,375