v3.26.3
Note 13 - Income Taxes (Tables)
12 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
  

Year Ended June 30,

 
  

2026

  

2025

 
  

(in thousands)

 

Current:

      

Federal

 $(45) $(215)

State

  66   652 

Income tax expense

 $21  $437 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
  

Year Ended June 30,

 
  

2026

  

2025

 
  

(in thousands, except tax rate)

 

Tax at statutory rate

 $(2,989)  21.0% $(2,897)  21.0%

State income taxes, net of federal benefit

  52   (0.3)%  26   (0.2)%

Stock-based compensation expense

     0.0%  22   (0.1)%

Change in valuation allowance

  (12,840)  90.2%  2,465   (17.9)%

Innovus sale adjustment

  14,048   (98.7)%      

Permanent differences

                

Gain on derivative warrant liability

  994   (7.0)%     0.0%

Other permanent differences

  131   (0.9)%     0.0%

Other

  625   (4.4)%  821   (6.0)%

Income tax expense

 $21   (0.1)% $437   (3.2)%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
  

June 30,

 
  

2026

  

2025

 
  

(in thousands)

 

Deferred tax assets:

      

Net operating loss carryforwards

 $103,080  $119,782 

Interest

  5,750   5,101 

Accrued rebates

  3,619   4,478 

Capital loss carryforward

  5,788    

Research and development credits

  2,406   2,416 

Stock-based compensation expense

  780   1,362 

Intangible assets

  337   1,187 

Accrued expenses

  621   642 

Section 174 capitalization

     864 

Inventory

  1,076   557 

Lease liability

  253   266 

Fixed assets

  74   62 

Other

  119   87 

Total deferred tax assets

  123,903   136,804 

Less: valuation allowance

  (123,703)  (136,552)

Deferred tax assets, net of valuation allowance

  200   252 
         

Deferred tax liabilities:

      

ROU asset

  (200)  (252)

Total deferred tax liabilities

  (200)  (252)

Net deferred tax liabilities

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

June 30,

 
  

2026

  

2025

 
  

(in thousands)

 

Beginning balances

 $518  $1,313 

Decrease resulting from current period tax positions

  (1)  (795)

Increase resulting from current period tax positions

      

Ending balances

 $517  $518 
Income Tax Expense (Benefit), Intraperiod Tax Allocation [Table Text Block]
  

Year Ended June 30,

 
  

2026

  

2025

 
  

(in thousands)

 

Continuing operations income tax expense

 $21  $437 

Discontinued operations income tax benefit

     (17)

Income tax expense

 $21  $420