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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Jun. 30, 2016
Current Assets:    
Cash and cash equivalents $ 3,699 $ 2,294
Investments 337
Accounts receivable, net of allowance for doubtful accounts of $4 and $20, at March 31, 2017 and June 30, 2016, respectively 3,885 1,469
Due from factor 1,419
Deferred costs 3 238
Assets held for sale 287
Other current assets 9 91
Inventory 2,975 3,364
Prepaid expenses 242 129
Total current assets 11,150 9,291
Equipment and leasehold improvements, net 1,504 1,222
Deferred income taxes 2,232
Goodwill 112 112
Intangibles, net 320 451
Other assets 71 71
Total assets 15,389 11,147
Current Liabilities:    
Accounts payable 946 841
Accrued expenses 1,157 1,076
Deferred revenue 59 212
Notes payable 25 26
Income taxes payable 133 1
Capital lease obligations 32
Total current liabilities 2,352 2,156
Deferred rent, net of current portion 68
Notes and capital leases payable, net of current portion 76 46
Total non-current liabilities 76 114
Total liabilities 2,428 2,270
Shareholders' equity:    
Common shares; no par value; 50,000,000 shares authorized; 4,014,186 and 4,052,987 shares issued and outstanding at March 31, 2017 and June 30, 2016, respectively 17,704 17,988
Accumulated deficit (4,743) (9,111)
Total shareholders' equity 12,961 8,877
Total liabilities and shareholders' equity $ 15,389 $ 11,147