ACQUISITIONS (Tables)

9 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisition

The following table summarizes the preliminary fair value assigned to the assets acquired and liabilities assumed at the acquisition date of February 1, 2024.

($ in thousands)	Amount
Cash and cash equivalents	$	84
Property and equipment, net	1,160
Intangible assets	2,600
Other assets	381
Total identifiable assets acquired	4,225
Accounts payable	(442)
Other liabilities	(52)
Total liabilities assumed	(494)
Total identifiable net assets	3,731
Goodwill	1,105
Fair value of total consideration transferred	$	4,836

The estimated fair value of the purchase price consideration consisted of the following:

($ in thousands)
Closing cash consideration	$	36,605
Stock consideration	4,506
Fair value of total consideration transferred	$	41,111

The following table summarizes the adjusted fair value assigned to the assets acquired and liabilities assumed as of December 1, 2023.

($ in thousands)	Amount
Cash and cash equivalents	$	391
Accounts receivable	1,780
Inventories	2,011
Intangible assets	15,538
Other assets	629
Total identifiable assets acquired	20,349
Accounts payable	(2,410)
Tax liabilities	(3,033)
Total liabilities assumed	(5,443)
Total identifiable net assets	14,906
Goodwill	26,205
Fair value of total consideration transferred	$	41,111

The following table summarizes the total consideration paid for Yoke, total net assets acquired, identifiable assets and goodwill recognized at the acquisition date:

($ in thousands)	Amount
Consideration
Cash	$	2,966
Contingent consideration arrangement	1,000
Fair value of total consideration transferred	3,966
Recognized amounts of identifiable assets
Total net assets acquired	21
Identifiable intangible assets	1,235
Total identifiable net assets	1,256
Goodwill	$	2,710