Annual report pursuant to Section 13 and 15(d)

Revenue Recognition from Contracts with Customers (Tables)

v3.23.2
Revenue Recognition from Contracts with Customers (Tables)
12 Months Ended
Jun. 30, 2023
Revenue Recognition from Contracts with Customers [Abstract]  
Schedule of Revenues of Reportable Segments by Geographic Region The following table summarizes the revenues of the Company’s reportable segments by geographic region for the year ended June 30, 2023 (in thousands):
    Fabrication
Services
Revenue
    Product
Sales
Revenue
    Total
Revenue
with
Customers
 
Americas   $ 7,287     $ 3,892     $ 11,179  
Asia     1,503       11,493       12,996  
Europe     161       2,771       2,932  
Other    
      14       14  
Total   $ 8,951     $ 18,170     $ 27,121  
The following table summarizes the revenues of the Company’s reportable segments for the year ended June 30, 2022, (in thousands):
    Fabrication
Services
Revenue
    Product
Sales
Revenue
    Total
Revenue
with
Customers
 
Americas   $ 1,389     $ 2,388     $ 3,777  
Asia     484       8,146       8,630  
Europe    
      2,930       2,930  
Other    
      13       13  
Total   $ 1,873     $ 13,477     $ 15,350  

 

Schedule of Changes in Opening and Closing Balances The following table summarizes the changes in the opening and closing balances of the Company’s contract asset (included in Other current assets on the Consolidated Balance Sheet) and contract liability (included as Deferred revenue on the Consolidated Balance Sheet) for the years ended June 30, 2023 and 2022 (in thousands):
    Contract
Assets
    Contract
Liabilities
 
Balance, June 30, 2022   $ 923     $ 286  
Closing, June 30, 2023     1,894       70  
Increase/(Decrease)     971       (216 )
                 
Balance, June 30, 2021   $ 411     $ 41  
Closing, June 30, 2022     923       286  
Increase/(Decrease)     512       245