CERTAIN BALANCE SHEET DETAILS

6 Months Ended

Dec. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

CERTAIN BALANCE SHEET DETAILS

NOTE 4. CERTAIN BALANCE SHEET DETAILS

The components of certain balance sheet line items are as follows (in thousands).

	December 31,		June 30,
Restricted cash	2024		2024
Deposit restricted relating to account for Fintech app	$	49	$	50
Deposit for securing a lease bond		12		12
Total restricted cash	$	61	$	62

	December 31,		June 30,
Other current assets	2024		2024
Deposit for potential 9.9% equity interest in financial institution	$	-	$	1,800
Prepaid expenses and other current assets		961		1,234
Total other current assets	$	961	$	3,034

Included in the other current assets balance as of June 30, 2024 was a deposit of $1.8 million made in connection with the potential acquisition of a less than 10% equity interest in a U.S. domestic financial institution that was seeking certain regulatory approval. The regulatory approval was obtained in September 2024 and the deposit was then converted into an equity interest in the financial institution. After the regulatory approval, the $1.8 million was transferred from other current assets to other assets, non-current in the consolidated balance sheet as shown below in the table “Other Assets, non-current” below.

	December 31,		June 30,
Inventories	2024		2024
Raw materials and supplies	$	1,268	$	1,417
Finished goods		921		774
Total inventories	$	2,189	$	2,191

	December 31,			June 30,
Property and equipment, net	2024			2024
Manufacturing equipment	$	1,935		$	1,935
Land and building		575			575
Other equipment		847			827
Total property and equipment, gross		3,357			3,337
Accumulated depreciation		(2,336	)		(2,171	)
Total property and equipment, net	$	1,021		$	1,166

Depreciation expense for property and equipment was less than $0.1 million for the three months ended December 31, 2024 and 2023, respectively, and $0.1 million for the six months ended December 31, 2024 and 2023, respectively.

	December 31,		June 30,
Goodwill	2024		2024
Food products – Gourmet Foods	$	275	$	275
Security systems - Brigadier		351		351
Financial Services – Marygold & Co. (UK)		1,855		1,855
Total goodwill	$	2,481	$	2,481

	December 31,		June 30,
Other assets, non-current	2024		2024
Equity investment in a financial institution	$	1,800	$	-
Equity investment in a registered investment advisor		502		502
Deposits and other assets		87		117
Total other assets, non-current	$	2,389	$	619

The $1.8 million investment represents an equity interest of less than 10% in a domestic financial institution and the $0.5 million investment represents a 10% equity interest in a registered investment advisor. These equity interests do not have readily determinable fair values and are measured at cost minus impairment. There have been no impairments, downwards adjustments, nor upward adjustments during the periods presented nor cumulatively.

	December 31,		June 30,
Accounts payable and accrued expenses	2024		2024
Accounts payable	$	1,768	$	1,955
Accrued operating expenses		1,522		1,185
Accrued payroll, vacation and bonus payable		421		736
Taxes payable		71		145
Total	$	3,782	$	4,021