INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Benefit (Provision) for Income Taxes

The provision for income taxes for the years ended June 30, 2024, 2023 and 2022 is comprised of the following:

	Year ended June 30,
($ in thousands)	2024		2023		2022
Current:
Federal	$	(65)	$	—	$	—
State	(729)		(92)		(179)
Foreign	—		—		—
Total current	(794)		(92)		(179)
Deferred:
Federal	(248)		(62)		(18)
State	57		(27)		11
Foreign	—		—		—
Total deferred	(191)		(89)		(7)
Total income tax provision	$	(985)	$	(181)	$	(186)

Schedule of Income Tax Benefit in the Provision for Income Taxes

A reconciliation of the provision for income taxes for the years ended June 30, 2024, 2023 and 2022 to the indicated provision based on income (loss) before the provision for income taxes at the federal statutory rate of 21.0% for the fiscal years ended June 30, 2024, June 30, 2023, and June 30, 2022 is as follows:

	Year ended June 30,
($ in thousands)	2024		2023		2022
Tax at U.S Federal statutory rate	$	(2,725)	$	(171)	$	319
Effects of permanent differences
Stock compensation	$	24	$	(688)	$	(184)
Other permanent differences	$	(81)	$	(497)	$	(106)
State income taxes, net of federal benefit	$	(613)	$	(296)	$	(275)
Changes related to prior years	$	—	$	51	$	—
Changes related to state tax rates	$	—	$	(2,455)	$	—
Changes in valuation allowances	$	2,281	$	3,942	$	184
Statutory Rates Different from U.S.	$	183	$	—	$	—
Other	$	(54)	$	(67)	$	(124)
Total	$	(985)	$	(181)	$	(186)

Schedule of Deferred Tax Assets and Liabilities

The net deferred tax assets arose primarily from net operating loss carryforwards, as well as the use of different accounting methods for financial statement and income tax reporting purposes as follows:

	As of June 30,
($ in thousands)	2024		2023
Deferred tax assets:
Net operating loss carryforwards	$	37,621	$	42,614
Receivable credit losses	1,367		1,180
Inventory reserves	541		580
Sales returns and allowances	2,463		1,916
Sales tax reserves	1,876		2,824
Deferred research and development	5,750		2,856
Stock-based compensation	4,327		3,798
Lease liabilities	2,410		884
Other	346		190
	56,701		56,842
Deferred tax liabilities:
Intangibles	(3,502)		(3,689)
Property and equipment	(1,179)		(1,466)
Right-of-use assets	(1,954)		(586)
	(6,635)		(5,741)
Deferred tax assets, net	50,066		51,101
Valuation allowance	(50,532)		(51,376)
Deferred income taxes	$	(466)	$	(275)

Summary of Activity Related to Unrecognized Income Tax Benefits

The following table summarizes the activity related to unrecognized income tax benefits:

	Year ended June 30,
($ in thousands)	2024		2023		2022
Balance at the beginning of the year	$	689	$	572	$	444
Gross increases and decreases related to current period tax positions	—		—		—
Gross increases and decreases related to prior period tax positions	110		117		128
Balance at the end of the year	$	799	$	689	$	572

Schedule of Pre-Tax Income (Loss)

The components of pre-tax income (loss) are as follows:

	Year ended June 30,
($ in thousands)	2024		2023		2022
U.S. income (loss)	$	16,217	$	996	$	(1,517)
Other income (loss)	(3,239)		(182)		—
Total income (loss)	$	12,978	$	814	$	(1,517)