Income Taxes (Tables)

12 Months Ended

Jun. 30, 2019

Income Taxes

Schedule of components of (loss) income from continuing operations

The domestic and foreign components of (loss) income from continuing operations before income taxes are as follows:

	Fiscal Year Ended June 30,
	2019		2018
	(Amounts in thousands)
United States	$	750	$	(18,260)
Foreign		(160)		10,547
Income (loss) from continuing operations	$	590	$	(7,713)

Schedule of components of the provision (benefit) for income taxes

The components of the provision (benefit) for income taxes are as follows:

	Fiscal Year Ended June 30,
	2019		2018
	(Amounts in thousands)
Current:
Federal	$	(19)	$	(45)
State		34		(51)
Foreign		—		90
Total current		15		(6)
Deferred
Federal		6		(975)
State		19		—
Foreign		—		22
Total deferred		25		(953)
Total	$	40	$	(959)

Schedule of reconciliation of the income tax expense

A reconciliation of the income tax expense computed using the federal statutory income tax rate to our benefit for income taxes is as follows:

	Fiscal Year Ended June 30,
	2019		2018
	(Amounts in thousands)
Provision (benefit) at federal statutory rate	$	124	$	(2,120)
Change in valuation allowance		(1,709)		(7,124)
Permanent differences		3		478
Gain on sale of operations - permanent difference		—		536
Net operating loss expiration and adjustment		2,284		(145)
Change in federal tax rates		—		7,413
Change in state tax rates		(244)		(205)
Change in foreign tax rates		—		(86)
Change in uncertain tax positions		6		3
U.S. research and development credits		—		489
Foreign rate differential		(16)		29
State and foreign tax expense		77		(98)
Loss attributable to non-controlling interest		28		—
Other		(513)		(129)
Provision (benefit) for income taxes	$	40	$	(959)

Schedule of deferred tax assets and liabilities

Our deferred tax assets were comprised of the following:

	June 30,
	2019		2018
	(Amounts in thousands)
Deferred tax assets related to:
U.S. and foreign net operating loss carryforwards	$	16,017	$	18,297
Accrued compensation		1,262		1,117
Unrealized gain/loss on investments		1,828		—
Partnership investment		237		—
U.S. credit carryforwards		1,225		1,726
Stock compensation		190		680
Acquisition costs		75		—
Other		76		709
Deferred tax assets		20,910		22,529
Valuation allowance		(20,435)		(21,554)
Total deferred tax assets	$	475	$	975

Summary of unrecognized tax benefits

A reconciliation of the beginning and ending amount of our unrecognized tax benefits for the fiscal years ended June 30, 2019 and 2018 is as follows (amounts in thousands):

Balance at July 1, 2017	$	337
Reductions for tax positions for prior year		(86)
Balance at June 30, 2018		251
Activity for year ended June 30, 2019		—
Balance at June 30, 2019	$	251