Income Taxes (Tables)

12 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Provision for income taxes

	Year Ended June 30,
	2022		2021
	(In thousands)
Current:
Federal	$	—	$	—
State		7		16
Total current tax expense		7		16
Deferred:
Federal		(91)		200
State		(26)		43
Total deferred tax expense		(117)		243
Provision for income taxes	$	(110)	$	259

Effective income tax rate reconciliation

	Year Ended June 30,
	2022				2021
	(In thousands)
Tax at statutory rate	$	(23,159)	(21.00)	%	$	(12,185)	(21.00)	%
State income taxes, net of federal benefit		601	0.55	%		(2,461)	(4.24)	%
Permanent difference		—	—	%		—	—	%
Stock based compensation		273	0.27	%		43	0.07	%
Contingent consideration		(155)	(0.14)	%		(667)	(1.15)	%
162(m) limitation		76	0.08	%		235	0.40	%
Goodwill impairment		9,733	8.83	%		—	—	%
Transaction costs		—	—	%		160	0.28	%
Change in tax rate		—	—	%		—	—	%
Remeasurement of deferred taxes		—	—	%		—	—	%
Effect of phased-in tax rate		—	—	%		—	—	%
Loss on debt extinguishment and interest expense		—	—	%		—	—	%
Change in valuation allowance		12,472	11.31	%		14,483	24.96	%
Derivative income		—	—	%		—	—	%
Other		49	0.01	%		651	1.13	%
Net income tax provision (benefit)	$	(110)	(0.09)	%	$	259	0.45	%

Deferred tax assets and liabilities

	Year Ended June 30,
	2022		2021
	(In thousands)
Deferred tax assets:
Net operating loss carry forward	$	114,443	$	106,712
Accrued Rebates		5,944		8,412
Share-based compensation		2,773		2,330
Accrued expenses		817		1,507
R&D credits		2,423		2,115
Interest		2,975		2,064
Inventory		1,177		1,704
Lease liability		799		1,031
Other		1,301		1,526
Total deferred tax assets		132,652		127,401
Less: valuation allowance		(128,966)		(116,494)
Deferred tax assets, net of valuation allowance		3,686		10,907
Deferred tax liabilities:
Intangibles		(2,717)		(9,396)
ROU asset		(308)		(1,009)
Fixed assets		(788)		(745)
Total deferred tax liabilities		(3,813)		(11,150)
Net deferred tax liabilities	$	(127)	$	(243)

Tabular rollforward of gross unrecognized tax benefits

	June 30,
	2022		2021
	(In thousands)
Beginning balance	$	11,537	$	—
Increase resulting from prior period tax positions		—		12,017
Increase resulting from current period tax positions		—		2
Decrease resulting from current period tax positions		(1,704)		(482)
Ending balance	$	9,833	$	11,537