Annual report [Section 13 and 15(d), not S-K Item 405]

Discontinued Operations (Tables)

v3.25.2
Discontinued Operations (Tables)
12 Months Ended
Jun. 30, 2025
Discontinued Operations  
Schedule of Discontinued Operations Presented Separately in the Condensed Consolidated Statements of Operations and Comprehensive Income

The following table presents a reconciliation of the major financial lines constituting the results of operations for discontinued operations to the loss from discontinued operations presented separately in the consolidated statements of operations (in thousands):

Year Ended

June 30, 2024

Operating expenses:

General and administrative

1,207

Fixed asset impairments

3,100

Loss (gain) on sale of fixed assets

4,816

Inventory reserve

Total operating expenses

9,123

Other income (expenses):

Interest expense - term note payable

(1,149)

Gain on extinguishment of debt

808

Total other expenses

(341)

Loss from discontinued operations

$

(9,464)

The following table presents the supplemental disclosures related to discontinued operations for the cash flows (in thousands):

Year Ended

June 30, 2024

Fixed asset impairments

$

3,100

Loss on sale of fixed assets

4,817

Gain on extinguishment of debt

(808)

Payment of term note payable

(1,513)

Sales proceeds of fixed assets

50

Supplemental cash flow information:

Cash paid during the period for interest

577