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Condensed Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Jun. 30, 2021
Current Assets:    
Cash $ 264 $ 210
Accounts receivable, net 6,170 5,776
Inventories 13,096 11,695
Other current assets 513 317
Total current assets 20,043 17,998
Property and equipment, net 1,940 1,742
Operating lease right-of-use assets (includes $1,961 and $2,322 with a related party) 1,991 2,365
Deferred tax assets, net 3,670 3,268
Security deposits and other assets 53 67
Total Assets 27,697 25,440
Current Liabilities:    
Advances under revolving credit facility 2,728 2,173
Accounts payable (includes $11 and $65 due to related party) 4,690 3,496
Accrued expenses and other current liabilities 1,309 1,610
Current portion of long term debt, net 0 1,457
Current portion of operating lease liabilities (includes $499 and $485 with a related party) 506 500
Total current liabilities 9,233 9,236
Operating lease liabilities (includes $1,466 and $1,842 with a related party) 1,489 1,870
Total liabilities 10,722 11,106
Commitments and Contingencies
Stockholders' Equity :    
Common Stock, $0.002 par value; 50,000,000 shares authorized; 29,866,844 and 29,838,177 shares issued and 29,831,944 and 29,803,277 and shares outstanding, respectively 60 60
Additional paid-in capital 50,813 50,516
Accumulated deficit (33,799) (36,143)
Less: Treasury stock, at cost, 34,900 shares (99) (99)
Total Stockholders' Equity 16,975 14,334
Total Liabilities and Stockholders' Equity $ 27,697 $ 25,440