Note G - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2024

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	2024			2023
United States	$	(9,046	)	$	2,588
Foreign		(418	)		967
Total (loss) income before income taxes	$	(9,464	)	$	3,555

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2024			2023
Current:
Federal	$	(55	)	$	843
State		41			211
Foreign		66			221
		52			1,275
Deferred:
Federal		(2,007	)		(246	)
State		(223	)		4
Foreign		(69	)		—
		(2,299	)		(242	)
Total (benefit) provision for income taxes	$	(2,247	)	$	1,033

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

	2024			2023
Deferred tax assets:
Inventory capitalization	$	279		$	220
Inventory reserves		148			164
Lease liability		8,497			2,018
Net operating loss carry forward		1,505			433
Accrued compensation		140			166
Capitalized research and experimentation		694			412
Accrued contingent fee		207			219
Stock-based compensation		129			81
Forward contracts		—			56
Tax credit carry forward		682			229
Pension liability		67			103
Other, net		215			88
Total gross deferred tax assets		12,563			4,189
Deferred tax liabilities:
Withholding taxes		(134	)		(401	)
Fixed assets		(1,485	)		(1,451	)
Forward contracts		(54	)		—
Lease asset		(7,694	)		(1,951	)
Other, net		(26	)		(31	)
Deferred tax liabilities		(9,393	)		(3,834	)
Net deferred tax assets	$	3,170		$	355

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

	2024			2023
Income taxes computed at statutory federal income tax rate	$	(2,033	)	$	749
State income taxes, net of federal income tax expense		(215	)		90
Permanent differences		(20	)		8
Foreign tax rate differential		131			18
Tax credits		(170	)		(347	)
Stock based compensation		93			61
Global intangible low-taxed income (GILTI)		—			355
Return to provision - differences		(33	)		99
Income tax (benefit) provision as reported	$	(2,247	)	$	1,033
Effective tax rate		(23.7	)%		29.1	%