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ACQUISITIONS (Tables)
12 Months Ended
Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Business Acquisition
The following table summarizes the adjusted fair value assigned to the assets acquired and liabilities assumed as of June 30, 2024.

($ in thousands)Amount
Cash and cash equivalents$84 
Property and equipment
1,136 
Intangible assets1,750 
Other assets486 
Total identifiable assets acquired3,456 
Accounts payable
(691)
Other liabilities(52)
Total liabilities assumed(743)
Total identifiable net assets2,713 
Goodwill2,000 
Fair value of total considerations transferred$4,713 
The estimated fair value of the purchase price consideration consisted of the following:
($ in thousands)Amount
Closing cash consideration$36,605 
Stock Consideration4,506 
Fair value of total consideration transferred$41,111 

The following table summarizes the final fair value assigned to the assets acquired and liabilities assumed as of June 30, 2024.

($ in thousands)Amount
Cash and cash equivalents$391 
Accounts receivable1,780 
Inventories2,011 
Intangible assets15,538 
Other assets629 
Total identifiable assets acquired20,349 
Accounts payable(2,410)
Tax liabilities(3,033)
Total liabilities assumed(5,443)
Total identifiable net assets14,906 
Goodwill26,205 
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 arrangement1,000 
Fair value of total consideration transferred3,966 
Recognized amounts of identifiable assets
Total net assets acquired21 
Identifiable intangible assets1,235 
Total identifiable net assets1,256 
Goodwill$2,710 
Schedule of Pro Forma Operations Results Furthermore, cost savings and other business synergies related to the acquisition are not reflected in the pro forma amounts.
Year ended June 30,
($ In thousands)20232022
Revenues$251,979 $222,185 
Net loss
(75)(7,117)