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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 31,713 $ 27,464
Accounts receivable, less allowance of $7,676 and $4,866, respectively 17,273 21,906
Finance receivables, net 7,468 6,727
Inventory, net 9,128 11,273
Prepaid expenses and other current assets 1,782 1,558
Total current assets 67,364 68,928
Non-current assets:    
Finance receivables due after one year, net 11,213 12,642
Other assets 1,993 2,099
Property and equipment, net 7,872 9,590
Operating lease right-of-use assets 5,603  
Intangibles, net 23,033 26,171
Goodwill 63,945 63,945
Total non-current assets 113,659 114,447
Total assets 181,023 183,375
Current liabilities:    
Accounts payable 27,058 27,584
Accrued expenses 30,265 23,705
Finance lease obligations and current obligations under long-term debt 3,328 12,497
Deferred revenue 1,698 1,681
Total current liabilities 62,349 65,467
Long-term liabilities:    
Deferred income taxes 137 71
Finance lease obligations and long-term debt, less current portion 12,435 276
Operating lease liabilities, non-current 4,749  
Total long-term liabilities 17,321 347
Total liabilities 79,670 65,814
Commitments and contingencies (Note 19)
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preferences of $20,779 and $20,111 at June 30, 2020 and 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, 65,196,882 and 60,008,481 shares issued and outstanding at June 30, 2020 and 2019, respectively 401,240 376,853
Accumulated deficit (303,025) (262,430)
Total shareholders’ equity 98,215 114,423
Total liabilities, convertible preferred stock and shareholders’ equity $ 181,023 $ 183,375