Inventories

12 Months Ended

Jun. 30, 2022

Inventories

Inventories

NOTE 5 - Inventories

Inventories, net of reserves are valued at lower of cost (first-in, first-out method) or net realizable value. Inventories, net of reserves consist of the following (in thousands):

	June 30,		June 30,
	2022		2021
Component parts	$	32,656	$	17,245
Work-in-process		10,085		6,158
Finished product		7,045		8,297
	$	49,786	$	31,700
Classification of inventories, net of reserves:
Current	$	40,781	$	24,933
Non-current		9,005		6,767
	$	49,786	$	31,700

The following table represents the Inventory obsolescence and net realizable value inventory reserves as of the respective years ending June 30:

	Balance at beginning of period		Charged to costs and expenses		Deductions/ (recoveries)		Balance at end of period
For the Year Ended June 30, 2020:
Inventory obsolescence and net realizable value reserve	$	2,289	$	624	$	—	$	2,913
For the Year Ended June 30, 2021:
Inventory obsolescence and net realizable value reserve	$	2,913	$	—	$	(79)	$	2,834
For the Year Ended June 30, 2022:
Inventory obsolescence and net realizable value reserve	$	2,834	$	1,187	$	—	$	4,021