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DISCONTINUED OPERATIONS
 9 Months Ended
Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS:
On June 30, 2022, the Company sold its Opensalon® Pro (OSP) solution to Soham Inc. As a result of the sale, the Company classified the OSP business as discontinued operations in the financial statements for all periods presented. The Company received $13.0 million in proceeds in June 2022 and received $5.0 million in fiscal year 2023, offset by a $0.5 million transaction fee. In the quarter ended December 31, 2023, the Company earned $2.0 million of proceeds that had been previously held back, which were paid to the Company in January 2024. No income taxes have been allocated to discontinued operations based on the methodology required by accounting for income taxes guidance. Cash used in operations includes $0.1 million of cash from discontinued operations.
The following summarizes the results of discontinued operations for the periods presented:
Three Months Ended March 31,Nine Months Ended March 31,
2024202320242023
(Dollars in thousands)
Discontinued operations:
OSP fees$— $— $— $(226)
General and administrative— — — (27)
Rent— — — (341)
Other income89 — 89 — 
Gain from sale of OSP — 518 2,000 4,552 
Income from OSP discontinued operations, net$89 $518 $2,089 $3,958