Inventories

12 Months Ended

Jun. 30, 2024

Inventories

Inventories

NOTE 6 - 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,
	2024		2023
Component parts	$	32,283	$	29,939
Work-in-process		7,509		7,726
Finished product		10,121		10,684
	$	49,913	$	48,349
Classification of inventories:
Current	$	34,804	$	35,062
Non-current		15,109		13,287
	$	49,913	$	48,349

The reserve for excess and slow-moving inventory, which reduces inventory in our consolidated balance sheets were $5,026,000 and $3,367,000 as of June 30, 2024 and 2023, respectively.