Note 4 - Inventories

6 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note 4 - Inventories

Inventories consist of raw materials, work in process and finished goods, and are recorded at the lower of cost or net realizable value, with cost determined on a first-in, first-out basis. The Company periodically reviews the composition of its inventories to identify obsolete, slow-moving or otherwise unsaleable items. In the event that such items are identified and there are no alternate uses for the inventory, the Company will record a charge to reduce the value of the inventory to net realizable value in the period first recognized. The Company incurred inventory write-downs of less than $0.1 million and $0.1 million for the three months ended December 31, 2024, and 2023, respectively, and $0.1 million for both the six months ended December 31, 2024, and 2023, respectively.

Inventories consist of the following:

	December 31,		June 30,
	2024		2024
	(in thousands)
Raw materials	$	494	$	266
Work in process		3,103		5,725
Finished goods		7,488		6,150
Inventories	$	11,085	$	12,141