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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Jun. 30, 2021
Current Assets:    
Cash $ 331 $ 210
Accounts receivable, net 4,888 5,776
Inventories 11,055 11,695
Other current assets 352 317
Total current assets 16,626 17,998
Property and equipment, net 1,910 1,742
Operating lease right-of-use assets (includes $1,839 and $2,322 with a related party) 1,867 2,365
Deferred tax assets, net 4,798 3,268
Security deposits and other assets 49 67
Total Assets 25,250 25,440
Current Liabilities:    
Advances under revolving credit facility 101 2,173
Accounts payable (includes $72 and $65 due to a related party) 3,209 3,496
Accrued expenses and other current liabilities 1,411 1,610
Current portion of long term debt, net 32 1,457
Current portion of operating lease liabilities 510 500
Total current liabilities 5,263 9,236
Long term debt, net 53 0
Operating lease liabilities (includes $1,338 and $1,842 due to a related party) 1,359 1,870
Total Liabilities 6,675 11,106
Commitments and Contingencies
Stockholders' Equity    
Common Stock, $0.002 par value; 50,000,000 shares authorized; 29,984,510 and 29,838,177 shares issued; and 29,949,610 and 29,803,277 shares outstanding 60 60
Additional paid-in-capital 50,919 50,516
Accumulated deficit (32,305) (36,143)
Less: Treasury stock, at cost, 34,900 shares (99) (99)
Total Stockholders' Equity 18,575 14,334
Total Liabilities and Stockholders' Equity $ 25,250 $ 25,440