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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 37,505 $ 27,464
Accounts receivable, less allowance of $6,261 and $4,866, respectively 18,904 21,906
Finance receivables, net 8,232 6,727
Inventory, net 11,324 11,273
Prepaid expenses and other current assets 1,789 1,558
Total current assets 77,754 68,928
Non-current assets:    
Finance receivables due after one year, net 12,127 12,642
Other assets 2,050 2,099
Property and equipment, net 8,961 9,590
Operating lease right-of-use assets 6,281 0
Intangibles, net 24,602 26,171
Goodwill 63,945 63,945
Total non-current assets 117,966 114,447
Total assets 195,720 183,375
Current liabilities:    
Accounts payable 33,142 27,584
Accrued expenses 24,496 23,351
Capital lease obligations and current obligations under long-term debt 587 12,497
Income taxes payable 258 254
Deferred revenue 1,629 1,681
Total current liabilities 60,112 65,367
Long-term liabilities:    
Deferred income taxes 81 71
Capital lease obligations and long-term debt, less current portion 12,224 276
Operating lease liabilities, non-current 5,299 0
Accrued expenses, less current portion 1,520 100
Total long-term liabilities 19,124 447
Total liabilities 79,236 65,814
Commitments and contingencies
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preferences of $20,444 and $20,111 at December 31, 2019 and June 30, 2019, respectively 3,138 3,138
Shareholders’ equity:    
Preferred stock, no par value, 1,800,000 shares authorized, no shares issued 0 0
Common stock, no par value, 640,000,000 shares authorized, 64,171,422 and 60,008,481 shares issued and outstanding at December 31, 2019 and June 30, 2019, respectively 395,662 376,853
Accumulated deficit (282,316) (262,430)
Total shareholders’ equity 113,346 114,423
Total liabilities, convertible preferred stock and shareholders’ equity $ 195,720 $ 183,375