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INCOME TAXES (Tables)
 12 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Benefit (Provision) for Income Taxes
The provision for income taxes for the years ended June 30, 2025, 2024 and 2023 is comprised of the following:
Year ended June 30,
($ in thousands)202520242023
Current:
Federal$— $(65)$— 
State(1,368)(729)(92)
Foreign— — — 
Total current(1,368)(794)(92)
Deferred:
Federal40,092 (248)(62)
State3,628 57 (27)
Foreign— — — 
Total deferred43,720 (191)(89)
Total income tax benefit (provision)$42,352 $(985)$(181)
Schedule of Pre-Tax Income (Loss)
The components of pre-tax income are as follows:
Year ended June 30,
($ in thousands)202520242023
U.S. income$26,489 $16,217 $996 
Foreign losses(4,308)(3,239)(182)
Total pre-tax income$22,181 $12,978 $814 
Schedule of Income Tax Benefit in the Provision for Income Taxes
A reconciliation of the provision for income taxes for the years ended June 30, 2025, 2024 and 2023 to the indicated provision based on income before the provision for income taxes at the federal statutory rate of 21.0% for the fiscal years ended June 30, 2025, June 30, 2024, and June 30, 2023 is as follows:
Year ended June 30,
($ in thousands)202520242023
Tax at U.S Federal statutory rate
$(4,658)$(2,725)$(171)
Effects of permanent differences
Stock compensation$90 $24 $(688)
Other permanent differences$56 $(81)$(497)
State income taxes, net of federal benefit$(1,172)$(613)$(296)
Changes related to prior fiscal years$(603)$— $51 
Changes related to state tax rates$67 $— $(2,455)
Changes in valuation allowances$48,221 $2,281 $3,942 
Statutory Rates Different from U.S.
$262 $183 $— 
Other$89 $(54)$(67)
Total
$42,352 $(985)$(181)
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)20252024
Deferred tax assets:
Net operating loss carryforwards$32,435 $37,621 
Receivable credit losses1,208 1,367 
Inventory reserves614 541 
Sales returns and allowances2,410 2,463 
Sales tax reserves1,213 1,876 
Deferred research and development7,997 5,750 
Stock-based compensation4,564 4,327 
Lease liabilities2,397 2,410 
Other— 346 
52,838 56,701 
Deferred tax liabilities:
Intangibles(3,154)(3,502)
Property and equipment(17)(1,179)
Right-of-use assets(1,847)(1,954)
Other(52)— 
(5,070)(6,635)
Deferred tax assets, net47,768 50,066 
Valuation allowance(4,515)(50,532)
Deferred income taxes$43,253 $(466)
Schedule of Activity Related to Unrecognized Income Tax Benefits The following table summarizes the activity related to unrecognized income tax benefits:
Year ended June 30,
($ in thousands)202520242023
Balance at the beginning of the year$799 $689 $572 
Gross increases and decreases related to current period tax positions— — — 
Gross increases and decreases related to prior period tax positions(112)110 117 
Balance at the end of the year$687 $799 $689