v3.25.1
Note 13 - Income Taxes (Tables)
12 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

 

Year Ended June 30,

 

 

2024

  

2023

 

 

(in thousands)

 

Current:

 

  

 

Federal

 $1,886  $333 

State

  256   56 

Total current tax expense

  2,142   389 
         

Deferred:

 

  

 

Federal

     (109)

State

     (17)

Total deferred tax expense

     (126)

Provision for income taxes

 $2,142  $263 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

 

Year Ended June 30,

 

 

2024

  

2023

 

 

(in thousands, except tax rate)

 

Tax at statutory rate

 $(2,179)  21.0% $(1,531)  21.0%

State income taxes, net of federal benefit

  (906)  8.7%  (1,427)  19.6%

Stock-based compensation expense

  19   (0.2)%     %

Contingent consideration

     %  (121)  1.7%

Change in valuation allowance

  5,172   (49.8)%  3,225   (44.2)%

Other

  36   (0.3)%  117   (1.6)%

Net income tax expense

 $2,142   (20.6)% $263   (3.6)%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

 

June 30,

 

 

2024

  

2023

 

 

(in thousands)

 

Deferred tax assets:

 

  

 

Net operating loss carry forward

 $119,170  $113,819 

Interest

  4,845   4,188 

Accrued rebates

  3,819   6,994 

Warrant derivatives

  3,061   1,504 

Research and development credits

  2,416   2,416 

Stock-based compensation expense

  1,259   4,250 

Accrued expenses

  1,027   758 

Section 174 capitalization

  780   836 

Inventory

  256   743 

Lease liability

  305   492 

Fixed assets

  99    

Other

  975   1,332 

Total deferred tax assets

  138,012   137,332 

Less: valuation allowance

  (137,250)  (135,954)

Deferred tax assets, net of valuation allowance

  762   1,378 
         

Deferred tax liabilities:

 

  

 

Intangibles

  (563)  (845)

ROU asset

  (199)  (483)

Fixed assets

     (50)

Total deferred tax liabilities

  (762)  (1,378)

Net deferred tax liabilities

 $  $ 
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

 

June 30,

 

 

2024

  

2023

 

 

(in thousands)

 

Beginning balances

 $2,948  $2,822 

Decrease resulting from current period tax positions

  (1,996)  (120)

Increase resulting from current period tax positions

  361   246 

Ending balances

 $1,313  $2,948 
Income Tax Expense (Benefit), Intraperiod Tax Allocation [Table Text Block]

 

Year Ended June 30,

 

 

2024

  

2023

 

 

(in thousands)

 

Continuing operations income tax expense

 $2,142  $263 

Discontinued operations income tax benefit

  (374)  (263)

Total income tax expense

 $1,768  $