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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Jun. 30, 2019
CURRENT ASSETS    
Cash $ 5,416 $ 4,512
Accounts receivable, net 11,789 9,289
Inventory 5,638 3,770
Contract asset 156 260
Prepaid and other current assets 1,287 922
TOTAL CURRENT ASSETS 24,286 18,753
PROPERTY, PLANT AND EQUIPMENT, net 9,127 5,867
OPERATING LEASE RIGHT OF USE ASSET 8,747 0
INVENTORY, net of current portion 1,064 1,046
OTHER ASSETS 154 443
GOODWILL 6,735 6,735
INTANGIBLE ASSETS, net 2,771 3,196
DEFERRED TAX ASSET 1,252 0
TOTAL ASSETS 54,136 36,040
CURRENT LIABILITIES    
Accounts payable 3,291 2,946
Accrued liabilities 2,833 2,213
Operating lease liability 2,192 0
Current maturities of long-term debt 1,658 517
Contract liability 3,262 2,502
TOTAL CURRENT LIABILITIES 13,236 8,178
CONTRACT LIABILITY, net of current portion 705 503
OPERATING LEASE LIABILITY, net of current portion 6,671 0
OTHER LIABILITIES 441 42
DEFERRED TAX LIABILITY 0 243
LONG-TERM DEBT, net of current portion 3,505 948
TOTAL LIABILITIES 24,558 9,914
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS’ EQUITY    
Common stock, $0.01 par value per share; 40,000,000 shares authorized; 16,667,572 and 16,433,128 shares issued, respectively and 16,371,957 and 16,137,513 shares outstanding, respectively 168 165
Treasury stock, at cost, 295,615 shares repurchased (1,554) (1,554)
Additional paid-in capital 30,203 29,020
Retained earnings (accumulated deficit) 761 (1,505)
TOTAL STOCKHOLDERS’ EQUITY 29,578 26,126
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 54,136 $ 36,040