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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Jun. 30, 2018
CURRENT ASSETS    
Cash $ 4,512 $ 5,155
Accounts receivable, net 9,289 6,370
Inventory 3,770 3,986
Contract asset 260 0
Prepaid and other current assets 922 739
TOTAL CURRENT ASSETS 18,753 16,250
PROPERTY, PLANT AND EQUIPMENT, net 5,867 6,572
INVENTORY, net of current portion 1,046 0
OTHER ASSETS 443 149
GOODWILL 6,735 6,735
INTANGIBLE ASSETS, net 3,196 3,525
TOTAL ASSETS 36,040 33,231
CURRENT LIABILITIES    
Accounts payable 2,946 1,500
Accrued liabilities 2,213 2,061
Current maturities of long-term debt 517 537
Contract liability 2,502 1,894
TOTAL CURRENT LIABILITIES 8,178 5,992
CONTRACT LIABILITY, net of current portion 503 470
OTHER LIABILITIES 42 130
DEFERRED TAX LIABILITY 243 0
LONG-TERM DEBT, net of current portion 948 1,465
TOTAL LIABILITIES 9,914 8,057
COMMITMENTS AND CONTINGENCIES (Note 8)
STOCKHOLDERS’ EQUITY    
Common stock, $0.01 par value per share; 40,000,000 and 20,000,000 shares authorized, respectively; 16,433,128 and 16,377,636 shares issued, respectively, and 16,137,513 and 16,082,021 shares outstanding, respectively 165 164
Treasury stock, at cost, 295,615 shares repurchased (1,554) (1,554)
Additional paid-in capital 29,020 28,621
Accumulated deficit (1,505) (2,057)
TOTAL STOCKHOLDERS’ EQUITY 26,126 25,174
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 36,040 $ 33,231