Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.10.0.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Reconciliation of contingent earn out liability
Below is a reconciliation of the contingent earn out liability for the six months ended December 31, 2018.
in thousands
 
 
 
 
 
Contingent
 
Liabilities at fair value, based on Level 3 inputs:
 
Consideration
 
Balance at June 30, 2018
 
$
588

 
Revaluation adjustment
 
(504
)
 
Amount paid to SilverTowne, since the fiscal year end
 

 
Balance at December 31, 2018
 
$
84

 
 
 
 
 
Schedule of earnings per share
A reconciliation of shares used in calculating basic and diluted earnings per common shares for the three and six months ended December 31, 2018 and 2017, is presented below.
in thousands
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
 
December 31, 2018
 
December 31, 2017
 
December 31, 2018
 
December 31, 2017
 
Basic weighted average shares outstanding
7,031

 
7,031

 
7,031

 
7,031

 
Effect of common stock equivalents — stock issuable under outstanding equity awards
55

 

(1) 
58

 
82

 
Diluted weighted average shares outstanding
7,086

 
7,031

 
7,089

 
7,113

 
_________________________________
 
(1)
 
The Company incurred a net loss for the three months ended December 31, 2017, and hence the basic and diluted EPS were the same. The inclusion of 856,582 potential common shares (outstanding stock options) in the computation of net loss per share would have been anti-dilutive.