XML 47 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 7 - Income Taxes (Tables)
12 Months Ended
Jun. 30, 2013
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   

Year Ended June 30,

 
   

2013

   

2012

   

2011

 
   

(In thousands)

 

Current:

                       

Federal

  $     $     $ (2

)

State

          16       (3

)

            16       (5

)

Deferred:

                       

Federal

                 

State

                 
                   
    $     $ 16     $ (5

)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

 

 

Year Ended June 30,

 

  

 

2013

 

 

2012

 

 

2011

 

Statutory federal income tax benefit

 

 

(34.0

)%

 

 

(34.0

)%

 

 

(34.0

)%

State income taxes, net of federal income tax benefit

 

 

(3.7

)

 

 

(3.6

)

 

 

(3.8

)

Engineering credits

 

 

(1.1

)

 

 

(1.8

)

 

 

(13.8

)

Valuation allowance

 

 

39.2

 

 

 

39.3

 

 

 

59.4

 

Other

 

 

(0.4

)

 

 

0.5

 

 

 

(8.6

 

 

 

0.0

%

 

 

0.4

%

 

 

(0.8

)%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   

June 30,

 
   

2013

   

2012

   

2011

 
   

(In thousands)

 

Deferred tax assets:

     

Net operating loss carry forwards

  $ 8,888     $ 5,059     $ 4,119  

Capital loss and other credit carry forwards

    57       178       21  

Engineering credit carry forwards

    1,412       1,244       1,148  

Allowance for bad debts and returns

    105       19       78  

Inventory reserves

    408       650       168  

Capitalized inventory costs

          17       16  

Marketable securities

                 

Other accruals

    849       500       514  

Total gross deferred tax assets

    11,719       7,667       6,064  

Less valuation allowance on deferred tax assets

    (11,717

)

    (7,654

)

    (6,034

)

Net deferred tax assets

    2       13       30  

Deferred tax liabilities:

                       

Marketable securities

    (1

)

    (3

)

    (15

)

Depreciation and other

    (1

)

    (10

)

    (15

)

Total deferred tax liabilities

    (2

)

    (13

)

    (30

)

Net deferred taxes

  $     $     $  
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]
   

June 30,

 
   

2013

   

2012

   

2011

 

Balance at July 1

  $ 26     $ 21     $ 25  

Increases related to tax positions taken in prior year

    3       4       9  

Decreases due to lapse of statute of limitations

    (11

)

    (1

)

    (10

)

Related interest and penalties, net of federal tax benefit

    (1

)

    2       (3

)

Balance at June 30

  $ 17     $ 26     $ 21