5. Supplemental Financial Information

3 Months Ended

Sep. 30, 2019

Supplemental Financial Information

Supplemental Financial Information

5. 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:

	September 30,		June 30,
	2019		2019
	(In thousands)
Finished goods	$	7,144	$	6,084
Raw materials		5,279		4,425
Inventories, net	$	12,423	$	10,509

Other Liabilities

The following table presents details of our other liabilities:

	September 30,		June 30,
	2019		2019
	(In thousands)
Current
Accrued variable consideration	$	1,196	$	1,313
Customer deposits and refunds		290		168
Accrued raw materials purchases		1,111		1,155
Deferred revenue		445		328
Lease liability		832		4
Taxes payable		389		322
Accrued operating expenses		2,033		1,290
Total other current liabilities	$	6,296	$	4,580
Non-current
Lease liability	$	225	$	48
Deferred revenue		159		158
Total other non-current liabilities	$	384	$	206

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
	September 30,
	2019			2018
	(In thousands, except per share data)
Numerator:
Net loss	$	(2,470	)	$	(83	)
Denominator:
Weighted-average common shares outstanding - basic and diluted		22,913			19,323
Net loss per share - basic and diluted	$	(0.11	)	$	(0.00	)

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
	September 30,
	2019		2018
	(In thousands)
Common stock equivalents		1,769		1,828

Severance and Related Charges

Current Fiscal Year

During the three months ended September 30, 2019, we continued a plan to realign certain personnel resources to better fit our current business needs, particularly as it relates to identifying cost savings and synergies to be gained from the acquisition of Maestro. These activities resulted in a total charge of approximately $749,000.

The following table presents details of the liability we recorded related to these activities:

	Three Months Ended September 30, 2019
	(In thousands)
Beginning balance	$	651
Charges		749
Payments		(580	)
Ending balance	$	820

The ending balance is recorded in accrued payroll and related expenses on the accompanying unaudited condensed consolidated balance sheet at September 30, 2019.

Prior Fiscal Year

During the three months ended September 30, 2018, we executed a plan to realign certain personnel resources to better fit our current business needs. These activities were substantially completed by September 30, 2018 and resulted in a total charge of approximately $323,000 of severance costs.

Supplemental Cash Flow Information

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

	Three Months Ended September 30,
	2019		2018
	(In thousands)
Accrued property and equipment paid for in the subsequent period	$	83	$	33