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Income Taxes (Tables)
12 Months Ended
Jun. 30, 2013
Income Taxes [Abstract]  
Schedule Of Components Of Income Tax Expense (Benefit)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the fiscal year ended June 30,

 

 

2013

 

2012

 

2011

 

 

Current

 

Deferred

 

Total

 

Current

 

Deferred

 

Total

 

Current

 

Deferred

 

Total

Federal

 

$

 -

 

$

 

$

 

$

 -

 

$

32 

 

$

32 

 

$

(3)

 

$

-

 

$

(3)

State

 

 

13 

 

 

 -

 

 

13 

 

 

20 

 

 

 

 

23 

 

 

11 

 

 

-

 

 

11 

Total

 

$

13 

 

$

 

$

14 

 

$

20 

 

$

35 

 

$

55 

 

$

 

$

-

 

$

 

Reconciliation Of StatutoryTax Expense (Benefit) To Actual Tax Expense (Benefit)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the years ended June 30,

 

 

2013

 

2012

 

2011

Federal statutory rate at 34 percent

 

$

(1,459)

 

$

(1,578)

 

$

(1,267)

State taxes, net of federal tax expense (benefit) and state valuation allowance

 

 

(128)

 

 

(135)

 

 

(125)

Nondeductible expenses

 

 

17 

 

 

49 

 

 

47 

Stock-based compensation

 

 

55 

 

 

60 

 

 

52 

General business credits

 

 

 -

 

 

 -

 

 

(20)

Adjustments to net operating losses and credits

 

 

5,562 

 

 

3,125 

 

 

4,236 

Other

 

 

 

 

 

 

(9)

Change in valuation allowance

 

 

(4,036)

 

 

(1,469)

 

 

(2,906)

 

 

$

14 

 

$

55 

 

$

 

Schedule Of Components Of Net Deferred Tax Assets And Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

2013

 

2012

Deferred Tax Assets:

 

 

 

 

 

 

Non-Current:

 

 

 

 

 

 

Net operating loss carry forward

 

$

27,131 

 

$

30,730 

Definite-lived intangibles

 

 

2,414 

 

 

2,783 

Alternative minimum tax credit

 

 

 

 

Federal and state general business credits

 

 

865 

 

 

862 

Non-qualified stock-based compensation

 

 

536 

 

 

525 

Property, plant and equipment

 

 

64 

 

 

62 

Current:

 

 

 

 

 

 

Accrued expenses

 

 

318 

 

 

434 

Gross deferred tax assets

 

 

31,331 

 

 

35,399 

Deferred Tax Liabilities:

 

 

 

 

 

 

Non-Current:

 

 

 

 

 

 

Amortization of indefinite-lived intangible

 

 

(36)

 

 

(35)

Contingent consideration on acquisition

 

 

(1,155)

 

 

(1,136)

Gross deferred tax liabilities

 

 

(1,191)

 

 

(1,171)

Net deferred tax assets before valuation allowance

 

 

30,140 

 

 

34,228 

Less: valuation allowance

 

 

(30,176)

 

 

(34,263)

Total net deferred tax liability

 

$

(36)

 

$

(35)

 

Schedule Of Expiration Dates And Net Operating Loss Carryforwards And Credits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Operating

 

 

Years expiring (in thousands)

 

Loss

 

Credits

June 30, 2014

 

$

 -

 

$

-

June 30, 2015June 30, 2019

 

 

15,555 

 

 

-

June 30, 2020June 30, 2024

 

 

25,315 

 

 

115 

June 30, 2025June 30, 2033

 

 

32,284 

 

 

544 

 

 

 

 

 

 

 

 

 

$

73,154 

 

$

659