COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS

9 Months Ended

Mar. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS

NOTE 2. COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS

Inventory

Inventory is stated at the lower of cost (first-in, first-out) or market and consists of the following (in thousands):

	March 31, 2014		June 30, 2013
Raw materials /purchased components	$	1,170	$	1,640
Work in process		700		572
Sub-assemblies /finished components		977		1,291
Finished goods		337		331
Total inventory	$	3,184	$	3,834

Investments

Investments are stated at market value and consist of the following (in thousands): 

	March 31, 2014		June 30, 2013
Marketable equity securities	$	834	$	370

Investments at March 31, 2014 and June 30, 2013 had an aggregatecostbasisof $632,000 and $365,000, respectively, gross unrealized gains aggregating $220,000 and $5,000, respectively, and unrealized losses of 18,000 and $0, respectively. During the three and nine months ended March 31, 2014, we sold certain of our investments in marketable equity securities of publicly held companies and recorded realized gains of $27,000.

Intangibles

Intangibles at March 31, 2014 consist of legal fees incurred in connection with patent applications, and will be amortized over the life of the applicable patent upon its issuance.