Note 16 - Restructuring Charges

12 Months Ended

Jun. 30, 2015

Restructuring and Related Activities Disclosure [Text Block]

Note 16 - Restructuring Charges

In fiscal 2013, the Company recorded a restructuring charge for its operations and overhead structure related to the storage division by reducing the size of its facilities and headcount as part of its strategic initiative to outsource manufacturing. In fiscal 2014, the Company brought manufacturing in-house and recovered $228,000 of the restructuring charge. In fiscal 2015, the Company expensed $200,000 in operating charges and recovered the remaining charge of $245,000 upon termination of the lease.

Our restructuring actions are strategic management decisions and until the Company achieves consistent and sustainable levels of profitability, we may incur restructuring charges in the future from additional cost reduction efforts.

Lease Abandonment Obligation
Balance as of June 30, 2014	$	445
Expensed		(200	)
Added		-
Recovered		(245	)
Balance as of June 30, 2015	$	-