2. Supplemental Financial Information

9 Months Ended

Mar. 31, 2017

Supplemental Financial Information

Supplemental Financial Information

Inventories

Inventories are stated at the lower of cost (first-in, first-out) or net realizable value and consist of the following:

	March 31,		June 30,
	2017		2016
	(In thousands)
Finished goods	$	4,471	$	3,822
Raw materials		2,064		1,653
Finished goods held by distributors		1,129		1,109
Inventories, net	$	7,664	$	6,584

Other Liabilities

The following table presents details of our other liabilities:

	March 31,		June 30,
	2017		2016
	(In thousands)
Current
Customer deposits and refunds	$	1,051	$	663
Accrued raw materials purchases		599		582
Deferred revenue		179		427
Capital lease obligations		60		64
Taxes payable		280		275
Accrued operating expenses		1,175		911
Total other current liabilities	$	3,344	$	2,922
Non-current
Deferred rent	$	206	$	225
Deferred revenue		172		122
Total other non-current liabilities	$	378	$	347

Computation of Net Loss per Share

Basic and diluted net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the applicable period.

The following table presents the computation of net loss per share:

	Three Months Ended						Nine Months Ended
	March 31,						March 31,
	2017			2016			2017			2016
		(In thousands, except per share data)
Numerator:
Net loss	$	(162	)	$	(456	)	$	(225	)	$	(1,715	)
Denominator:
Weighted-average common shares outstanding (basic and diluted)		17,522			15,225			17,374			15,163
Net loss per share (basic and diluted)	$	(0.01	)	$	(0.03	)	$	(0.01	)	$	(0.11	)

The following table presents the common stock equivalents excluded from the diluted net loss per share calculation, because they were anti-dilutive for the periods presented. These excluded common stock equivalents could be dilutive in the future.

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2017		2016		2017		2016
		(In thousands)
Common stock equivalents		1,062		3,696		1,894		3,630

Restructuring

In January 2017, we initiated a restructuring plan with respect to our European sales team. The restructuring activities were substantially completed in the three months ended March 31, 2017, and the related expenses consisted primarily of severance costs, facility lease termination costs and other associated costs. These activities resulted in total charges of approximately $246,000, and are included in selling, general and administrative expense within the accompanying unaudited condensed consolidated statements of operations for the three and nine months ended March 31, 2017.

The following table presents details of the liability we recorded related to the restructuring plan:

	Nine Months Ended March 31, 2017
	(In thousands)
Beginning balance	$	–
Charges		246
Payments		–
Ending balance	$	246

Supplemental Cash Flow Information

The following table presents non-cash investing and financing transactions excluded from the unaudited condensed consolidated statements of cash flows:

	Nine Months Ended
	March 31,
	2017		2016
	(In thousands)
Accrued property and equipment paid for in the subsequent period	$	17	$	15
Non-cash acquisition of property and equipment under capital leases	$	–	$	37
Non-cash tenant improvements paid by landlord	$	–	$	190