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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Jun. 30, 2015
Jun. 30, 2014
Current assets:      
Cash and cash equivalents $ 3,963 $ 4,696 $ 5,462
Marketable securities 1,763
Accounts receivable, net $ 1,630 $ 2,321 1,412
Inventories, net 2,444 2,948 3,177
Prepaid expenses and other current assets 219 140 241
Total current assets 8,256 10,105 12,055
Property and equipment, net 446 538 663
Other assets 25 41 67
Total assets 8,727 10,684 12,785
Current liabilities:      
Accounts payable 756 913 952
Accrued payroll and related liabilities 332 396 322
Deferred service revenue 994 830 954
Other accrued liabilities 467 393 1,174
Total current liabilities 2,549 2,532 3,402
Other long-term liabilities 27 17 17
Deferred service revenue, long term 104 225 243
Total long term liabilities 131 242 260
Total liabilities $ 2,680 $ 2,774 $ 3,662
Commitments and contingencies (Notes 10 and 12) Shareholders’ equity:
Preferred stock, no par value; 5,000 shares authorized; no shares issued
Common stock, no par value; 50,000 shares authorized, 12,253 shares issued and outstanding as of December 31, 2015, June 30, 2015 and June 30, 2014 $ 19,061 $ 19,039 $ 18,943
Accumulated other comprehensive income 1
Accumulated deficit $ (13,014) $ (11,129) (9,821)
Total shareholders’ equity 6,047 7,910 9,123
Total liabilities and shareholders’ equity $ 8,727 $ 10,684 $ 12,785