Truett-Hurst (THST) 10-Q 12 Feb 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Dec. 31, 2015shares
Document Information [Line Items]
Entity Registrant Name	Truett-Hurst, Inc.
Entity Central Index Key	1,564,709
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Document Fiscal Year Focus	2,016
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Period Focus	Q2
Trading Symbol	THST
Entity Common Stock, Shares Outstanding	4,203,258

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Current assets:
Cash and cash equivalents	$ 5,017	$ 1,578
Accounts receivable	3,619	2,783
Inventories, net	20,150	22,080
Bulk wine deposit	25	345
Assets held for sale	185	173
Other current assets	171	311
Total current assets	29,167	27,270
Property and equipment, net	5,845	5,743
Intangible assets, net	495	482
Other assets, net	414	408
Total assets	35,921	33,903
Current liabilities:
Credit facilities	10,263	9,034
Accounts payable and accrued expenses	4,175	4,056
Accrual for sales returns	514	524
Due to related parties	238	134
Liabilities held for sale	160	140
Current maturities of long term debt	470	368
Total current liabilities	15,820	14,256
Deferred rent liability	17	26
Long term debt, net of current maturities	3,399	3,272
Total liabilities	$ 19,236	$ 17,554
Commitments and contingencies (Note 6)
Stockholders' equity
Preferred stock, par value of $0.001 per share, 5,000,000 shares authorized, none issued and outstanding at December 31, 2015 and June 30, 2015	$ 0	$ 0
Additional paid-in capital	14,789	14,618
Accumulated deficit	(5,335)	(5,356)
Total Truett-Hurst, Inc. equity	9,458	9,266
Noncontrolling interest	7,227	7,083
Total equity	16,685	16,349
Total liabilities and equity	35,921	33,903
Common Class A [Member]
Stockholders' equity
Common Stock, Value	4	4
Common Class B [Member]
Stockholders' equity
Common Stock, Value	$ 0	$ 0

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Dec. 31, 2015	Jun. 30, 2015
Preferred Stock, Par or Stated Value Per Share (In dollars per share)	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Class A [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized	15,000,000	15,000,000
Common Stock, Shares Issued	4,203,258	4,010,120
Common Stock, Shares Outstanding	4,203,258	4,010,120
Common Class B [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized	1,000	1,000
Common Stock, Shares Issued	8	8
Common Stock, Shares Outstanding	8	8

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Sales	$ 8,748	$ 5,094	$ 15,280	$ 10,424
Less excise tax	(242)	(168)	(405)	(300)
Net sales	8,506	4,926	14,875	10,124
Cost of sales	5,866	3,738	10,086	7,111
Gross profit	2,640	1,188	4,789	3,013
Operating expenses:
Sales and marketing	1,384	1,250	2,822	2,354
General and administrative	719	755	1,609	1,642
(Gain) loss on disposal of assets	0	0	(1)	2
Total operating expenses	2,103	2,005	4,430	3,998
Net income (loss) from operations	537	(817)	359	(985)
Other income (expense):
Interest expense, net	(86)	(69)	(169)	(133)
Other	25	(77)	(69)	(86)
Total other expense	(61)	(146)	(238)	(219)
Net income (loss) income before income taxes	476	(963)	121	(1,204)
Income tax expense	(1)	0	(1)	(2)
Net income (loss) before noncontrolling interest from continuing operations	475	(963)	120	(1,206)
Income from discontinued operations, net of tax (Note 8)	$ 30	$ 97	$ 45	$ 153
Net income (loss) per share:
Basic per share (in dollars per share)	$ 0.06	$ (0.13)	$ 0.01	$ (0.15)
Diluted per share (in dollars per share)	$ 0.03	$ (0.13)	$ 0	$ (0.15)
Weighted average shares used in computing net income (loss) per share:
Basic weighted average shares (in shares)	4,062,341	3,786,712	4,045,634	3,768,592
Diluted weighted average shares (in shares)	7,239,918	3,786,712	7,200,405	3,768,592
Truett-Hurst, Inc and H.D.D. LLC [Member]
Other income (expense):
Net income (loss) before noncontrolling interest from continuing operations	$ 505	$ (866)	$ 165	$ (1,053)
H.D.D. LLC [Member]
Other income (expense):
Net income (loss) attributable to noncontrolling interest	270	(392)	(144)	(479)
Truett-Hurst, Inc [Member]
Other income (expense):
Net income (loss) attributable to Truett-Hurst, Inc.	$ 235	$ (474)	$ 21	$ (574)

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income (loss)	$ 120	$ (1,206)
Income from discontinued operations, net of tax	(45)	(153)
Net income (loss) from continuing operations	(121)	1,204
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	295	266
Stock-based compensation	172	345
Deferred rent	(9)	(11)
Loss on fair value of interest swap	37	49
(Gain) loss on disposal of assets	(1)	2
Changes in operating assets and liabilities, net
Accounts receivable	(836)	1,006
Inventories	1,930	(4,760)
Bulk wine deposit	320	1,424
Other current assets	104	(47)
Accounts payable and accrued expenses	119	250
Accrual for sales returns	(10)	582
Due to related parties	104	271
Net cash provided by operating activities of discontinued operations	55	464
Net cash provided by (used in) operating activities	2,400	(1,365)
Cash flows from investing activities:
Acquisition of property and equipment	(368)	(597)
Acquisition of intangible and other assets	(53)	(138)
Proceeds from sale of assets	2	0
Net cash used in investing activities	(419)	(735)
Cash flows from financing activities:
Net proceeds from (payments on) line of credit	1,229	(228)
Proceeds from long term debt	443	0
Payments on long term debt	(214)	(166)
Net cash provided by (used in) financing activities	1,458	(394)
Net change in cash and cash equivalents	3,439	(2,494)
Cash and cash equivalents at beginning of period	1,578	5,362
Cash and cash equivalents at end of period	5,017	2,868
Supplemental disclosure of cash flow information:
Cash paid for interest	169	120
Cash paid for income taxes	$ 0	$ 0

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 1 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The unaudited interim condensed consolidated financial statements include the results of Truett-Hurst, Inc. (“THI”) and its subsidiary H.D.D. LLC (“LLC”). They have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with general instructions for quarterly reports filed on Form 10-Q and Article 8 of Regulation S-X. THI consolidates the financial results of the LLC and records a noncontrolling interest representing the portion of equity ownership in the LLC that is not attributable to THI. On January 25, 2016, the LLC sold its fifty percent interest in The Wine Spies, LLC (“Wine Spies”) with an effective date of December 31, 2015. The results from Wine Spies, which were previously consolidated, have been deconsolidated in our unaudited interim condensed consolidated financial statements. We have presented the balance sheet at fair value which is equal to the consideration paid in the transaction. The gain on the sale along with the current year results have been recorded in the statement of operations as part of discontinued operations. Prior periods have been accounted for on a consistent basis. The accompanying unaudited condensed consolidated financial statements do not include all of the information and footnotes required by GAAP for audited financial statements. We prepared the accompanying unaudited condensed consolidated financial statements on the same basis as the audited financial statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2015, and, in the opinion of management, these financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of the interim periods presented. The operating results for the interim period presented are not necessarily indicative of the results expected for the full fiscal year. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2015 filed with the SEC on September 28, 2015. Quantities or results referred to as “to date” or “as of this date” mean as of or to December 31, 2015, unless otherwise specifically noted. References to “FY” or “fiscal year” refer to our fiscal year ending on June 30 th Unless otherwise indicated, the notes to the unaudited condensed consolidated financial statements relate to the discussion of our continuing operations. There have been no material changes to the critical accounting policies and estimates previously disclosed in our Annual Report on Form 10-K for the fiscal year ended June 30, 2015. Reclassifications Certain prior year amounts in the consolidated financial statements and notes thereto have been reclassified to conform to the current year presentation. These reclassifications had no effect on the reported consolidated results of continuing operations. In August 2014, the FASB issued Accounting Standards Update No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-05: Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) In April 2015, the FASB issued ASU No. 2015-03: Interest - Imputation of Interest (Subtopic 835-30) In August 2015, the FASB issued ASU No. 2015-15 to clarify the SEC staff’s position on presenting and measuring debt issuance costs incurred in connection with line-of-credit arrangements given the lack of guidance on this topic in ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. The SEC staff has announced that it would “not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement.” This will have no impact on us. In September 2015, the FASB issued ASU No 2015-16: Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments In November 2015, the FASB issued ASU No. 2015-17: Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes. We have reviewed all recently issued, but not yet effective, accounting pronouncements and we do not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of our operations.

INVENTORIES

INVENTORIES	6 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	NOTE 2 – INVENTORIES December 31, 2015 June 30, 2015 (in thousands) Grapes, bulk wine and capitalized cultural costs $ 8,052 $ 7,375 Bottled wine, net 11,736 13,956 Bottling materials and other 362 544 Canned wine, net - 205 Total inventories, net $ 20,150 $ 22,080 At December 31, 2015, gross inventories were offset by a general reserve of $ 0.02 0.7 0.2 At June 30, 2015, the reserve for the CA Winecraft product was $ 0.5

PROPERTY AND EQUIPMENT, net

PROPERTY AND EQUIPMENT, net	6 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 3 – PROPERTY AND EQUIPMENT, net December 31, 2015 June 30, 2015 (in thousands) Land and land improvements $ 2,804 $ 2,804 Building and improvements 1,848 1,844 Machinery and equipment 2,027 1,769 Vineyard development 353 353 Vineyard equipment 327 327 Furniture and fixtures 263 260 Leasehold improvements 123 120 Vehicles 86 85 7,831 7,562 Less: accumulated depreciation (1,986) (1,819) Total property and equipment, net $ 5,845 $ 5,743 Total depreciation expense for the three months and six months ended December 31, 2015 was $ 0.1 0.3 0.1 0.2

INTANGIBLE ASSETS, net

INTANGIBLE ASSETS, net	6 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 4 – INTANGIBLE ASSETS, net December 31, 2015 June 30, 2015 (in thousands) Finite lives: Patents $ 45 $ 44 45 44 Less: accumulated amortization (1) (1) 44 43 Indefinite lives: Trademarks 451 439 Total intangible assets, net $ 495 $ 482 Amortization expense of intangible assets was negligible during FY16 and FY15. The expected future amortization of patents is $ 0.04

OTHER ASSETS, net

OTHER ASSETS, net	6 Months Ended
	Dec. 31, 2015
Other Assets, Noncurrent Disclosure [Abstract]
Other Assets Disclosure [Text Block]	NOTE 5 – OTHER ASSETS, net December 31, 2015 June 30, 2015 (in thousands) Label design $ 413 $ 372 Loan fees 18 18 Lease costs 23 23 Software 170 151 Website design 70 66 694 630 Less: accumulated amortization (280) (222) Total other assets, net $ 414 $ 408 Years ending June 30, (in thousands) 2016 (remaining six months) $ 66 2017 122 2018 112 2019 67 2020 29 Thereafter 4 Total future amortization $ 400 Total other assets, net includes amounts for assets capitalized, but not yet in service. The amount of these assets is the difference between the net amount and the total future amortization. Total amortization expense for other assets for the three months and six months ended December 31, 2015 was $ 0.03 0.06 0.02 0.05

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 6 – COMMITMENTS AND CONTINGENCIES Leases In February 2011, we entered into a lease agreement for a tasting room and winery. The lease is for five years, commencing on March 1, 2011 and ending on February 29, 2016, and contains one option to extend for an additional period of five years. On July 27, 2015, we exercised the option to extend our lease of the property through February 29, 2021. We have the right of first refusal in the event the lessor desires to sell the leased property. The rent is subject to an annual 3 3 See Note 6 – Commitments and Contingencies, “Litigation”. In October 2013, we entered into a lease agreement for administrative office space. The lease commenced on October 15, 2013 and ends on October 31, 2016, and contains three one-year renewal options with adjustment to market rents. Rent payments for these facilities was $ 0.1 0.2 0.08 0.2 Years ending June 30, (in thousands) 2016 (remaining six months) $ 169 2017 316 2018 310 2019 319 2020 329 Thereafter 225 Total future rent payments $ 1,668 Future lease commitments include rent payments for the tasting room and winery through the term of the lease ending February 2021. Credit Facilities and Long Term Debt Since June 30, 2015, there have been no material changes with respect to our credit facilities and our borrowings as disclosed in the “Notes to the Financial Statements – Commitments and Contingencies” in our Annual Report on Form 10-K for the fiscal year ended June 30, 2015. The credit facilities, which mature on July 31, 2016 10.0 2.25 0.5 2.25 The credit facilities are secured by a pledge of substantially all of our assets. Availability is subject to a monthly borrowing base and compliance with certain covenants, including, without limitation, a minimum current assets to current liabilities ratio (measured quarterly), a debt to effective tangible net worth ratio (measured quarterly) and a debt service coverage ratio (measured annually at our fiscal year end). The bank loans obtained on July 15, 2015 also include a minimum EBITDA covenant to be measured on December 31, 2015 and March 31, 2016. The Company is in compliance with all material aspects of its covenants as of December 31, 2015. December 31, 2015 June 30, 2015 (in thousands except payment information) Long term debt: Note 1 (1) $ 2,920 $ 2,987 Note 2 (2) - 21 Note 3 (3) 157 193 Note 4 (4) 285 326 Note 5 (5) 56 113 Note 6 (6) 451 - Total notes payable 3,869 3,640 Less: current maturities (470) (368) Total long term debt $ 3,399 $ 3,272 (1) Note payable to a bank, secured by a deed of trust on property, payable monthly with principal payments of $ 11,270 May 31, 2022 (2) Note payable to a bank, secured by equipment, payable monthly with principal and interest payments of $ 4,226 November 1, 2015 3.75 (3) Note payable to a bank, secured by equipment, payable monthly with principal and interest payments of $ 6,535 January 15, 2018 3.75 (4) Note payable to a bank, secured by equipment, payable monthly with principal and interest payments of $ 7,783 March 1, 2019 3.75 (5) On November 30, 2014, we acquired the unrestricted use of the Stonegate trademark in exchange for a trademark release payment which is to be made over time and is accounted for as a note payable. The note payable has three equal installments: a) within five days of November 30, 2014, b) on October 31, 2015, and c) on July 31, 2016. The note does not accrue interest outstanding on the principal. An imputed interest rate of 5.5 (6) Note payable to a bank, secured by equipment, payable monthly with principal and interest payments of $ 11,267 July 1, 2019 3.90 Years ending June 30, (in thousands) 2016 (remaining six months) $ 262 2017 418 2018 396 2019 336 2020 146 Thereafter 2,311 3,869 Add: Estimated interest payments 697 Total $ 4,566 Supply Contracts At December 31, 2015, total future purchase commitments for finished goods total approximately $ 3.7 We enter into short and long term contracts with third parties and related party growers to supply a portion of our future grape and bulk wine inventory requirements. Years ending June 30, Third Parties Related Parties Total (in thousands) 2016 (remaining six months) $ 2,398 $ - $ 2,398 2017 1,040 479 1,519 2018 388 480 868 2019 191 273 464 Total $ 4,017 $ 1,232 $ 5,249 Our related party commitments for fiscal 2016 were fulfilled during the first quarter; however, we may enter into new related party commitments in the ordinary course of business. Production We enter into various contracts with third party service providers for grape crushing and bottling. The costs are recorded in the period for which the service is provided. The actual costs related to custom crush services are based on volume. Our current contracts for custom crush services cover the 2015 harvest. Our current bottling contract requires a minimum of 200,000 cases at $2.40 per case to be bottled in a one year period. Guarantees Since June 30, 2015, there have been no material changes with respect to our guarantees as disclosed in the “Notes to the Consolidated Financial Statements – Commitments and Contingencies” in our Annual Report on Form 10-K for the fiscal year ended June 30, 2015. Litigation From time to time, we may be subject to various litigation matters arising in the ordinary course of business. Other than discussed below, we are not aware of any current pending legal matters or claims, individually or in the aggregate, that are expected to have a material adverse impact on our consolidated financial position, results of operations, or cash flows. On January 29, 2016, Mendocino Wine Group (MWG) filed a complaint against Phil Hurst (Hurst) and H.D.D., LLC (LLC). The complaint alleges that, prior to January 2012, Hurst and HDD aided and abetted Paul Dolan in his alleged breach of fiduciary duties to MWG and that they interfered with Dolan's contract with Thornhill Management Company (the manager of MWG), and aided and abetted Dolan's interference with MWG's economic advantage. Hurst and HDD completely deny the claims, deny all wrongdoing, and deny that they caused any harm to MWG. No amount has been recorded in the financial statements related to this suit. On October 21, 2015, H.D.D. LLC, received a letter from Hambrecht Wine Group, L.P. (the “Lessor”), the lessor of HDD’s winery and tasting room facility at 4035 Westside Road, Healdsburg, California, under a lease dated February 8, 2011 (the “Lease”), purporting to terminate the Lease effective as of that date, and rejecting HDD’s prior exercise of its election to extend for five years the original term of the Lease (which expires February 29, 2016). Lessor’s purported termination is based on purported defaults by HDD under provisions of the Lease relating to payment of rent and late charges (predicated on HDD’s withholding of approximately $ 33,000 On November 9, 2015, we filed a motion for declaratory and injunctive relief in the Superior Court of California, Sonoma County. This suit is the first step in arbitrating the dispute. The Company intends to take all appropriate actions, to preserve its right to occupancy under the Lease for its full term, including the five year extension. No assurance can be made, however, that the Company will be successful in this effort. The loss of the lease could have a materially adverse effect on the Company’s business, results of operations and financial condition. If the Company was no longer able to use the leased facilities, we would need to find an alternative location for the VML tasting room, obtain alternative production and storage capacity for approximately twenty-five percent of our annual harvest volume, and relocate offices for several production and administrative headcount. Exchange Agreement Prior to the completion of the IPO, we entered into an exchange agreement with the existing owners of the LLC, several of whom are directors and/or officers. Under the exchange agreement, each existing owner (and certain permitted transferees thereof) may (subject to the terms of the exchange agreement), exchange their LLC Units for shares of Class A common stock of the Company on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications, or for cash, at our election. As a holder exchanges their LLC Units, our interest in the LLC will be correspondingly increased. During FY15, certain members exchanged approximately 0.2 0.2 Tax Receivable Agreement We entered into a tax receivable agreement (“TRA”) with the LLC Unit holders which provides for payment by the Company to the LLC Unit holders who convert their Units to shares, an amount equal to 90 We will be required to pay the counterparties to the tax receivable agreement for certain tax benefits we may claim arising in connection with current exchanges, future purchases or exchanges of LLC Units and related transactions, and the amounts we may pay could be significant. H.D.D. LLC has made an election under Section 754 of the Internal Revenue Code (the “Code”) effective for each taxable year in which an exchange of LLC Units for shares of Class A common stock as described above occurs, which may result in an adjustment to the tax basis of the assets of H.D.D. LLC at the time of an exchange of LLC Units. As a result of these exchanges, Truett-Hurst, Inc. will become entitled to a proportionate share of the existing tax basis of the assets of H.D.D. LLC. In addition, the purchase of Holdings Units and subsequent exchanges are expected to result in increases in the tax basis of the assets of H.D.D. LLC that otherwise would not have been available. Both this proportionate share and these increases in tax basis may reduce the amount of tax that Truett-Hurst, Inc. would otherwise be required to pay in the future. These increases in tax basis may also decrease gains (or increase losses) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets. We recorded deferred tax assets of $ 6.5 1.3 5.9 0.7 6.5 I n demnification From time to time we enter into certain types of contracts that contingently require us to indemnify various parties against claims from third parties. These contracts primarily relate to (i) certain real estate leases, under which we may be required to indemnify property owners for environmental and other liabilities, and other claims arising from our use of the applicable premises, (ii) certain agreements with our officers, directors, and employees, under which we may be required to indemnify such persons for liabilities arising out of their employment relationship, (iii) contracts under which we may be required to indemnify customers against third-party claims that our product infringes a patent, copyright, or other intellectual property right, and (iv) procurement or license agreements, under which we may be required to indemnify licensors or vendors for certain claims that may be brought against them arising from our acts or omissions with respect to the supplied products or technology. Generally, a maximum obligation under these contracts is not explicitly stated thus an estimate of this potential obligation cannot be reasonably estimated. Historically, we have not been required to make payments under these obligations, and no liabilities have been recorded at December 31, 2015 and June 30, 2015, for these obligations on our balance sheets.

ACCOUNTS PAYABLE and ACCRUED EX

ACCOUNTS PAYABLE and ACCRUED EXPENSES	6 Months Ended
	Dec. 31, 2015
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 7 – ACCOUNTS PAYABLE and ACCRUED EXPENSES December 31, 2015 June 30, 2015 (in thousands) Accounts payable $ 2,240 $ 2,969 Accrued expenses 632 170 Commission 131 132 Depletion allowance 747 525 Personnel 223 242 Accrued grape purchases 60 - Professional fees 142 18 Total accounts payable and accrued expenses $ 4,175 $ 4,056

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	NOTE 8 – DISCONTINUED OPERATIONS On January 25, 2016, H.D.D., LLC sold its 50 25,000 - Consolidation 0.02 50 The assets and liabilities of Wine Spies are classified as assets held for sale and liabilities held for sale. Cash and cash equivalents $ 138 Accounts receivable 8 Inventories 10 Other current assets 8 Property and equipment, net 6 Gain on sale 15 Assets held for sale $ 185 Accounts payable and accrued expenses $ 110 Noncontolling interest 50 Liabilities held for sale $ 160 Three Months Ended Six Months Ended December 31, 2015 December 31, 2015 (in thousands, except per share data) Net income from operations of discontinued operations $ 15 $ 30 Gain on sale 15 15 Net income from discontinued operations, net of tax $ 30 $ 45 Earnings Per Share Basic weighted average shares 4,062,341 4,045,634 Diluted weighted average shares 7,239,918 7,200,405 Basic net income per share $ 0.01 $ 0.01 Diluted net income per share $ 0.00 $ 0.00

OUT OF DATE PRODUCT

OUT OF DATE PRODUCT	6 Months Ended
	Dec. 31, 2015
Out Of Date Product [Abstract]
Out Of Date Product [Text Block]	NOTE 9 – OUT OF DATE PRODUCT In January 2015, we were notified by a large national retailer that inventory of Paper Boy product on their shelves had partially oxidized. Our terms of sale provide for limited return rights only in circumstances where products are not merchantable due to quality deficiencies. We determined that Paper Boy’s shelf life met quality specifications for the product, which are consistent with other similar products in the market, and, therefore, we did not have contractual obligation to accept returns of, or to replace, the product. However, on a one time basis we agreed to work with various impacted parties to remove the expired product. Consistent with ASC-450, Contingencies Since December 31, 2014, when the accrual was established, we have processed return credits of approximately $ 0.06 0.5

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 10 – STOCK-BASED COMPENSATION Equity Incentive Plan We have granted restricted stock awards, stock options and restricted stock units to employees, directors and non-employees under our 2012 Stock Incentive Plan. For a complete discussion of 2012 Stock Incentive Plan, please refer to the Note 13 - “Stock-based Compensation” to our consolidated financial statements included in our Annual Report on Form 10-K for the year ended June 30, 2015. As of December 31, 2015, the 2012 Plan has 1.0 0.6 Weighted Avg Grant Weighted Avg Number Date Fair Value per Contractual Aggregate Intrinsic of Shares Share Term in Years Value (in thousands) Outstanding at June 30, 2015 97,329 $ 3.24 1.53 $ 141 Granted - - - - Released (16,802) - - 24 Vested (5,264) 3.80 8 Forfeited, cancelled or expired - - - - Outstanding at December 31, 2015 75,263 $ 3.61 1.03 $ 109 Expected to vest at December 31, 2015 75,263 $ 3.61 1.03 $ 109 Weighted Avg Grant Weighted Avg Number Date Fair Value per Contractual Aggregate Intrinsic of Shares Share Term in Years Value (in thousands) Outstanding at June 30, 2015 87,500 $ 5.00 2.48 $ 127 Granted 45,180 1.66 2.96 66 Released (21,875) - - 32 Vested - - - - Forfeited, cancelled or expired - - - Outstanding at December 31, 2015 110,805 $ 3.64 2.72 $ 161 Expected to vest at December 31, 2015 110,805 $ 3.64 2.72 $ 161 Weighted Avg Grant Weighted Avg Number Date Fair Value per Contractual Aggregate Intrinsic of Shares Share Term in Years Value (in thousands) Outstanding at June 30, 2015 182,500 $ 4.22 9.39 $ - Granted 210,000 1.94 9.96 - Vested - - - - Forfeited, cancelled or expired - - - - Outstanding at December 31, 2015 392,500 $ 3.00 9.24 $ - Exercisable at December 31, 2015 37,500 $ 2.70 8.49 $ - Vested and expected to vest at December 31, 2015 410,000 $ 3.07 9.24 - Three Months Ended Six Months Ended December 31, December 31, (in thousands) 2015 2014 2015 2014 Sales and marketing $ 7 $ 100 $ 19 $ 184 General and administrative 78 105 153 161 Total stock-based compensation $ 85 $ 205 $ 172 $ 345

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE	6 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 11 – NET INCOME (LOSS) PER SHARE The following table sets forth the computation of basic and diluted net income per common share for continuing operations for the three and six months ended December 31, 2015: Three Months Ended Six Months Ended December 31, 2015 December 31, 2015 (in thousands, except per share data) Net income attributable to Truett-Hurst, Inc. $ 235 $ 21 Earnings Per Share Basic weighted average shares 4,062,341 4,045,634 Diluted weighted average shares 7,239,918 7,200,405 Basic net income per share $ 0.06 $ 0.01 Diluted net income per share $ 0.03 $ 0.00 The diluted net income per share includes the outstanding restricted stock units, restricted stock, and stock options granted to employees, non-employees and directors, as well as convertible LLC Units. The shares of the Class B common stock do not share in our earnings and therefore are not participating securities. Accordingly, basic and diluted net income per share of the Class B common stock have not been presented. The following table sets forth the computation of basic and diluted net loss per common share for the three and six months ended December 31, 2014: Three Months Ended Six Months Ended December 31, 2014 December 31, 2014 (in thousands, except per share data) Net loss attributable to Truett-Hurst, Inc. $ (474) $ (574) Loss per share Basic and dilutive Class A common share weighted average shares 3,786,712 3,768,592 Basic and diluted net loss per share $ (0.13) $ (0.15) Basic net loss per share is computed by dividing net loss attributable to us, by the weighted average number of common shares outstanding for the period. Diluted net loss per share is computed by giving effect to all potential dilutive common shares, including convertible LLC Units and equity incentive shares. The assumed exchange of 3.0 0.6 The shares of Class B common stock do not share in our earnings and therefore are not participating securities. Accordingly, basic and diluted net income (loss) per share of Class B common stock have not been presented.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	NOTE 12 – FAIR VALUE OF FINANCIAL INSTRUMENTS Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The carrying amount reflected in the condensed consolidated balance sheets of financial assets and liabilities, which includes cash, accounts receivable, accounts payable and accrued expenses, approximated their fair values due to the short term nature of these financial assets and liabilities. The carrying amount of our debt approximates its fair value based on prevailing interest rates and time to maturity. In October 2012, we executed an interest rate swap obligation that was measured using observable inputs such as the LIBOR and Ten-year Treasury interest rates, and therefore has been categorized as Level 2. This derivative is not designated as a hedging instrument and has been recorded at fair value on our consolidated balance sheets. Changes in the fair value of this instrument have been recognized in our condensed consolidated statements of operations in other income (expense). Fair value measurements at reporting date (in thousands) Significant other Fair value as of December 31, 2015 observable inputs (Level 2) Liabilities Interest rate swap (1) $ (15) $ (15) Total $ (15) $ (15) (1) Included in “Accounts payable and accrued expenses” in the Balance Sheet Fair value measurements at reporting date (in thousands) Significant other Fair value as of June 30, 2015 observable inputs (Level 2) Assets Interest rate swap (2) $ 20 $ 20 Total $ 20 $ 20 (2) Included in “Other current assets” in the Balance Sheet

TAXES

TAXES	6 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 13 – TAXES The effective tax rate for the second quarter of FY16 is 0 0.02 We had no unrecognized tax benefits at December 31, 2015 and did not incur any income tax related interest expense or penalties related to uncertain tax positions.

SIGNIFICANT CUSTOMER INFORMATIO

SIGNIFICANT CUSTOMER INFORMATION, SEGMENT REPORTING AND GEOGRAPHIC INFORMATION	6 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 14 – SIGNIFICANT CUSTOMER INFORMATION, SEGMENT REPORTING AND GEOGRAPHIC INFORMATION Our primary reporting segments are identified as wholesale and direct to consumer. Wholesale sales include our retail exclusive brand label model and brands sold through the three-tier distribution system. Direct to consumer sales occur through our tasting rooms and wine clubs. Operating and other expenses are not allocated between operating segments; therefore, operating and net income information for the respective segments is not available. In addition, discrete financial information related to segment specific assets is not available. Sales and cost of sales are reported by segment. Historically, we reported a third segment identified as the Internet segment which were sales that occurred through Wine Spies and were principally comprised of brands not owned by us. Effective December 31, 2015, we sold our interest in Wine Spies and no longer have an Internet segment as part of our continuing operations. See – Note 8 - Discontinued Operations. Net Sales Three Months Ended Six Months Ended December 31, December 31, (in thousands) 2015 2014 2015 2014 Net Sales Wholesale $ 6,852 $ 3,544 $ 11,960 $ 7,682 Direct to consumer 1,654 1,382 2,915 2,442 Total net sales $ 8,506 $ 4,926 $ 14,875 $ 10,124 Three Months Ended Six Months Ended December 31, December 31, (in thousands) 2015 2014 2015 2014 Cost of Sales Wholesale $ 5,272 $ 3,214 $ 9,072 $ 6,214 Direct to consumer 594 524 1,014 897 Total cost of sales $ 5,866 $ 3,738 $ 10,086 $ 7,111 Three Months Ended Six Months Ended December 31, December 31, (in thousands) 2015 2014 2015 2014 Gross Profit Wholesale $ 1,580 $ 330 $ 2,888 $ 1,468 Direct to consumer 1,060 858 1,901 1,545 Total gross profit $ 2,640 $ 1,188 $ 4,789 $ 3,013 Three Months Ended Six Months Ended December 31, December 31, 2015 2014 2015 2014 Gross Profit Percentage Wholesale 23.1 % 9.3 % 24.1 % 19.1 % Direct to consumer 64.1 % 62.1 % 65.2 % 63.3 % Total gross profit percentage 31.0 % 24.1 % 32.2 % 29.8 % Significant Customer Information: Percentage of Total Percentage of Wholesale Sales Accounts Receivable Three Months Ended Six Months Ended December 31, December 31, December 31, 2015 2014 2015 2014 2015 2014 Customer A 44 % 46 % 41 % 35 % 53 % 52 % Customer B 14 % 13 % 19 % 27 % 18 % 13 % International sales were $ 0.2 0.5 0.5 0.9

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 15 – SUBSEQUENT EVENTS On January 25, 2016, Truett-Hurst, Inc.’s subsidiary, H.D.D. LLC, (the “Company” or “Seller), entered into an Agreement pursuant to which the Company sold its entire membership interest in Wine Spies to Jason Seeber, an individual (the “Buyer”) for consideration of $ 25,000 On January 29, 2016, Mendocino Wine Group (MWG) filed a complaint against Phil Hurst (Hurst) and H.D.D., LLC (LLC). The complaint alleges that, prior to January 2012, Hurst and HDD aided and abetted Paul Dolan in his alleged breach of fiduciary duties to MWG and that they interfered with Dolan's contract with Thornhill Management Company (the manager of MWG), and aided and abetted Dolan's interference with MWG's economic advantage. Hurst and LLC completely deny all wrongdoing, and deny that they caused any harm to MWG. No amount has been recorded in the financial statements related to this suit. We have evaluated all subsequent event activity through the issue date of these condensed consolidated financial statements and concluded that, other than the items discussed above, no additional subsequent events have occurred that would require recognition in the condensed consolidated financial statements or disclosure in the notes to the condensed consolidated financial statements.

BASIS OF PRESENTATION AND SIG21

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The unaudited interim condensed consolidated financial statements include the results of Truett-Hurst, Inc. (“THI”) and its subsidiary H.D.D. LLC (“LLC”). They have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with general instructions for quarterly reports filed on Form 10-Q and Article 8 of Regulation S-X. THI consolidates the financial results of the LLC and records a noncontrolling interest representing the portion of equity ownership in the LLC that is not attributable to THI. On January 25, 2016, the LLC sold its fifty percent interest in The Wine Spies, LLC (“Wine Spies”) with an effective date of December 31, 2015. The results from Wine Spies, which were previously consolidated, have been deconsolidated in our unaudited interim condensed consolidated financial statements. We have presented the balance sheet at fair value which is equal to the consideration paid in the transaction. The gain on the sale along with the current year results have been recorded in the statement of operations as part of discontinued operations. Prior periods have been accounted for on a consistent basis. The accompanying unaudited condensed consolidated financial statements do not include all of the information and footnotes required by GAAP for audited financial statements. We prepared the accompanying unaudited condensed consolidated financial statements on the same basis as the audited financial statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2015, and, in the opinion of management, these financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of the interim periods presented. The operating results for the interim period presented are not necessarily indicative of the results expected for the full fiscal year. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2015 filed with the SEC on September 28, 2015. Quantities or results referred to as “to date” or “as of this date” mean as of or to December 31, 2015, unless otherwise specifically noted. References to “FY” or “fiscal year” refer to our fiscal year ending on June 30 th Unless otherwise indicated, the notes to the unaudited condensed consolidated financial statements relate to the discussion of our continuing operations.
Use of Estimates, Policy [Policy Text Block]	Critical Accounting Policies and Estimates There have been no material changes to the critical accounting policies and estimates previously disclosed in our Annual Report on Form 10-K for the fiscal year ended June 30, 2015.
Reclassification, Policy [Policy Text Block]	Reclassifications Certain prior year amounts in the consolidated financial statements and notes thereto have been reclassified to conform to the current year presentation. These reclassifications had no effect on the reported consolidated results of continuing operations.
New Accounting Pronouncements, Policy [Policy Text Block]	Accounting Pronouncements In August 2014, the FASB issued Accounting Standards Update No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-05: Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) In April 2015, the FASB issued ASU No. 2015-03: Interest - Imputation of Interest (Subtopic 835-30) In August 2015, the FASB issued ASU No. 2015-15 to clarify the SEC staff’s position on presenting and measuring debt issuance costs incurred in connection with line-of-credit arrangements given the lack of guidance on this topic in ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. The SEC staff has announced that it would “not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement.” This will have no impact on us. In September 2015, the FASB issued ASU No 2015-16: Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments In November 2015, the FASB issued ASU No. 2015-17: Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes. We have reviewed all recently issued, but not yet effective, accounting pronouncements and we do not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of our operations.

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consist of the following: December 31, 2015 June 30, 2015 (in thousands) Grapes, bulk wine and capitalized cultural costs $ 8,052 $ 7,375 Bottled wine, net 11,736 13,956 Bottling materials and other 362 544 Canned wine, net - 205 Total inventories, net $ 20,150 $ 22,080

PROPERTY AND EQUIPMENT, net (Ta

PROPERTY AND EQUIPMENT, net (Tables)	6 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property and equipment consists of the following: December 31, 2015 June 30, 2015 (in thousands) Land and land improvements $ 2,804 $ 2,804 Building and improvements 1,848 1,844 Machinery and equipment 2,027 1,769 Vineyard development 353 353 Vineyard equipment 327 327 Furniture and fixtures 263 260 Leasehold improvements 123 120 Vehicles 86 85 7,831 7,562 Less: accumulated depreciation (1,986) (1,819) Total property and equipment, net $ 5,845 $ 5,743

INTANGIBLE ASSETS, net (Tables)

INTANGIBLE ASSETS, net (Tables)	6 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	Intangible asset balances are summarized as follows: December 31, 2015 June 30, 2015 (in thousands) Finite lives: Patents $ 45 $ 44 45 44 Less: accumulated amortization (1) (1) 44 43 Indefinite lives: Trademarks 451 439 Total intangible assets, net $ 495 $ 482

OTHER ASSETS, net (Tables)

OTHER ASSETS, net (Tables)	6 Months Ended
	Dec. 31, 2015
Other Assets, Noncurrent Disclosure [Abstract]
Schedule of Other Assets, Noncurrent [Table Text Block]	Other assets consist of the following: December 31, 2015 June 30, 2015 (in thousands) Label design $ 413 $ 372 Loan fees 18 18 Lease costs 23 23 Software 170 151 Website design 70 66 694 630 Less: accumulated amortization (280) (222) Total other assets, net $ 414 $ 408
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Future amortization of other assets is as follows: Years ending June 30, (in thousands) 2016 (remaining six months) $ 66 2017 122 2018 112 2019 67 2020 29 Thereafter 4 Total future amortization $ 400

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	Future lease commitments are: Years ending June 30, (in thousands) 2016 (remaining six months) $ 169 2017 316 2018 310 2019 319 2020 329 Thereafter 225 Total future rent payments $ 1,668
Schedule Of Long Term Debt Borrowings [Table Text Block]	Long term debt consisted of the following: December 31, 2015 June 30, 2015 (in thousands except payment information) Long term debt: Note 1 (1) $ 2,920 $ 2,987 Note 2 (2) - 21 Note 3 (3) 157 193 Note 4 (4) 285 326 Note 5 (5) 56 113 Note 6 (6) 451 - Total notes payable 3,869 3,640 Less: current maturities (470) (368) Total long term debt $ 3,399 $ 3,272 (1) Note payable to a bank, secured by a deed of trust on property, payable monthly with principal payments of $ 11,270 May 31, 2022 (2) Note payable to a bank, secured by equipment, payable monthly with principal and interest payments of $ 4,226 November 1, 2015 3.75 (3) Note payable to a bank, secured by equipment, payable monthly with principal and interest payments of $ 6,535 January 15, 2018 3.75 (4) Note payable to a bank, secured by equipment, payable monthly with principal and interest payments of $ 7,783 March 1, 2019 3.75 (5) On November 30, 2014, we acquired the unrestricted use of the Stonegate trademark in exchange for a trademark release payment which is to be made over time and is accounted for as a note payable. The note payable has three equal installments: a) within five days of November 30, 2014, b) on October 31, 2015, and c) on July 31, 2016. The note does not accrue interest outstanding on the principal. An imputed interest rate of 5.5 (6) Note payable to a bank, secured by equipment, payable monthly with principal and interest payments of $ 11,267 July 1, 2019 3.90
Schedule Of Future Principal And Interest Payments [Table Text Block]	Future principal and interest payments for the long term debt as of December 31, 2015 are as follows: Years ending June 30, (in thousands) 2016 (remaining six months) $ 262 2017 418 2018 396 2019 336 2020 146 Thereafter 2,311 3,869 Add: Estimated interest payments 697 Total $ 4,566
Purchase Commitment, Excluding Long-term Commitment [Table Text Block]	Years ending June 30, Third Parties Related Parties Total (in thousands) 2016 (remaining six months) $ 2,398 $ - $ 2,398 2017 1,040 479 1,519 2018 388 480 868 2019 191 273 464 Total $ 4,017 $ 1,232 $ 5,249

ACCOUNTS PAYABLE and ACCRUED 27

ACCOUNTS PAYABLE and ACCRUED EXPENSES (Tables)	6 Months Ended
	Dec. 31, 2015
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	Accounts payable and accrued expenses consist of the following: December 31, 2015 June 30, 2015 (in thousands) Accounts payable $ 2,240 $ 2,969 Accrued expenses 632 170 Commission 131 132 Depletion allowance 747 525 Personnel 223 242 Accrued grape purchases 60 - Professional fees 142 18 Total accounts payable and accrued expenses $ 4,175 $ 4,056

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	6 Months Ended
	Dec. 31, 2015
Disposal Groups, Including Discontinued Operations [Table Text Block]	At December 31, 2015, the breakdown of the assets held for sale liabilities held for sale are: Cash and cash equivalents $ 138 Accounts receivable 8 Inventories 10 Other current assets 8 Property and equipment, net 6 Gain on sale 15 Assets held for sale $ 185 Accounts payable and accrued expenses $ 110 Noncontolling interest 50 Liabilities held for sale $ 160
Discontinued Operations [Member]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	At December 31, 2015, the breakdown of discontinued operations is: Three Months Ended Six Months Ended December 31, 2015 December 31, 2015 (in thousands, except per share data) Net income from operations of discontinued operations $ 15 $ 30 Gain on sale 15 15 Net income from discontinued operations, net of tax $ 30 $ 45 Earnings Per Share Basic weighted average shares 4,062,341 4,045,634 Diluted weighted average shares 7,239,918 7,200,405 Basic net income per share $ 0.01 $ 0.01 Diluted net income per share $ 0.00 $ 0.00

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Dec. 31, 2015
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Weighted Avg Grant Weighted Avg Number Date Fair Value per Contractual Aggregate Intrinsic of Shares Share Term in Years Value (in thousands) Outstanding at June 30, 2015 182,500 $ 4.22 9.39 $ - Granted 210,000 1.94 9.96 - Vested - - - - Forfeited, cancelled or expired - - - - Outstanding at December 31, 2015 392,500 $ 3.00 9.24 $ - Exercisable at December 31, 2015 37,500 $ 2.70 8.49 $ - Vested and expected to vest at December 31, 2015 410,000 $ 3.07 9.24 -
Schedule Of Stock Based Compensation Expense [Table Text Block]	The following table summarizes stock-based compensation included in our condensed consolidated statements of operations for the three and six months ended December 31, 2015 and 2014, respectively: Three Months Ended Six Months Ended December 31, December 31, (in thousands) 2015 2014 2015 2014 Sales and marketing $ 7 $ 100 $ 19 $ 184 General and administrative 78 105 153 161 Total stock-based compensation $ 85 $ 205 $ 172 $ 345
Restricted Stock Units (RSUs) [Member]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	A summary of the activity for restricted stock units is presented below: Weighted Avg Grant Weighted Avg Number Date Fair Value per Contractual Aggregate Intrinsic of Shares Share Term in Years Value (in thousands) Outstanding at June 30, 2015 87,500 $ 5.00 2.48 $ 127 Granted 45,180 1.66 2.96 66 Released (21,875) - - 32 Vested - - - - Forfeited, cancelled or expired - - - Outstanding at December 31, 2015 110,805 $ 3.64 2.72 $ 161 Expected to vest at December 31, 2015 110,805 $ 3.64 2.72 $ 161
Restricted Stock [Member]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	A summary of the activity for restricted stock awards is presented below: Weighted Avg Grant Weighted Avg Number Date Fair Value per Contractual Aggregate Intrinsic of Shares Share Term in Years Value (in thousands) Outstanding at June 30, 2015 97,329 $ 3.24 1.53 $ 141 Granted - - - - Released (16,802) - - 24 Vested (5,264) 3.80 8 Forfeited, cancelled or expired - - - - Outstanding at December 31, 2015 75,263 $ 3.61 1.03 $ 109 Expected to vest at December 31, 2015 75,263 $ 3.61 1.03 $ 109

NET INCOME (LOSS) PER SHARE (Ta

NET INCOME (LOSS) PER SHARE (Tables)	6 Months Ended
	Dec. 31, 2015
Continuing Operations [Member]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table sets forth the computation of basic and diluted net income per common share for continuing operations for the three and six months ended December 31, 2015: Three Months Ended Six Months Ended December 31, 2015 December 31, 2015 (in thousands, except per share data) Net income attributable to Truett-Hurst, Inc. $ 235 $ 21 Earnings Per Share Basic weighted average shares 4,062,341 4,045,634 Diluted weighted average shares 7,239,918 7,200,405 Basic net income per share $ 0.06 $ 0.01 Diluted net income per share $ 0.03 $ 0.00

FAIR VALUE OF FINANCIAL INSTR31

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping [Table Text Block]	The following tables set forth our interest rate swap fair values at December 31, 2015 and at June 30, 2015: Fair value measurements at reporting date (in thousands) Significant other Fair value as of December 31, 2015 observable inputs (Level 2) Liabilities Interest rate swap (1) $ (15) $ (15) Total $ (15) $ (15) (1) Included in “Accounts payable and accrued expenses” in the Balance Sheet Fair value measurements at reporting date (in thousands) Significant other Fair value as of June 30, 2015 observable inputs (Level 2) Assets Interest rate swap (2) $ 20 $ 20 Total $ 20 $ 20 (2) Included in “Other current assets” in the Balance Sheet

SIGNIFICANT CUSTOMER INFORMAT32

SIGNIFICANT CUSTOMER INFORMATION, SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)	6 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Six Months Ended December 31, December 31, (in thousands) 2015 2014 2015 2014 Net Sales Wholesale $ 6,852 $ 3,544 $ 11,960 $ 7,682 Direct to consumer 1,654 1,382 2,915 2,442 Total net sales $ 8,506 $ 4,926 $ 14,875 $ 10,124 Three Months Ended Six Months Ended December 31, December 31, (in thousands) 2015 2014 2015 2014 Cost of Sales Wholesale $ 5,272 $ 3,214 $ 9,072 $ 6,214 Direct to consumer 594 524 1,014 897 Total cost of sales $ 5,866 $ 3,738 $ 10,086 $ 7,111 Three Months Ended Six Months Ended December 31, December 31, (in thousands) 2015 2014 2015 2014 Gross Profit Wholesale $ 1,580 $ 330 $ 2,888 $ 1,468 Direct to consumer 1,060 858 1,901 1,545 Total gross profit $ 2,640 $ 1,188 $ 4,789 $ 3,013 Three Months Ended Six Months Ended December 31, December 31, 2015 2014 2015 2014 Gross Profit Percentage Wholesale 23.1 % 9.3 % 24.1 % 19.1 % Direct to consumer 64.1 % 62.1 % 65.2 % 63.3 % Total gross profit percentage 31.0 % 24.1 % 32.2 % 29.8 %
Schedule Of Concentrations Of Wholesale Sales And Accounts Receivable As A Percent Of Each [Table Text Block]	The following tables set forth concentrations of wholesale sales and accounts receivable as a percent of each total: Percentage of Total Percentage of Wholesale Sales Accounts Receivable Three Months Ended Six Months Ended December 31, December 31, December 31, 2015 2014 2015 2014 2015 2014 Customer A 44 % 46 % 41 % 35 % 53 % 52 % Customer B 14 % 13 % 19 % 27 % 18 % 13 %

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Inventory [Line Items]
Grapes, bulk wine and capitalized cultural costs	$ 8,052	$ 7,375
Bottled wine, net	11,736	13,956
Bottling materials and other	362	544
Canned wine, net	0	205
Total inventories, net	$ 20,150	$ 22,080

INVENTORIES (Details Textual)

INVENTORIES (Details Textual) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2015	Jun. 30, 2015
Inventory, Net, Total	$ 20,150	$ 22,080
Inventory Write-down	200	$ 500
CA Winecraft [Member]
Inventory Write-down	700
Bottled Wine [Member]
Inventory, Net, Total	$ 20

PROPERTY AND EQUIPMENT, net (De

PROPERTY AND EQUIPMENT, net (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 7,831	$ 7,562
Less: accumulated depreciation	(1,986)	(1,819)
Total property and equipment, net	5,845	5,743
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	2,804	2,804
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	1,848	1,844
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	2,027	1,769
Vineyard development [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	353	353
Vineyard equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	327	327
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	263	260
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	123	120
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 86	$ 85

PROPERTY AND EQUIPMENT, net (36

PROPERTY AND EQUIPMENT, net (Details Textual) - USD ($) $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2015	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Depreciation, Depletion and Amortization, Nonproduction, Total	$ 0.1	$ 0.3	$ 0.1	$ 0.2

INTANGIBLE ASSETS, net (Details

INTANGIBLE ASSETS, net (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Finite lives:
Patents	$ 45	$ 44
Finite-Lived Intangible Assets, Gross	45	44
Less: accumulated amortization	(1)	(1)
Finite-Lived Intangible Assets, Net, Total	44	43
Indefinite lives:
Trademarks	451	439
Total intangible assets, net	$ 495	$ 482

INTANGIBLE ASSETS, net (Detai38

INTANGIBLE ASSETS, net (Details Textual) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2015	Jun. 30, 2015
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 40	$ 40

OTHER ASSETS, net (Details)

OTHER ASSETS, net (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Other Assets [Line Items]
Other Assets, Gross	$ 694	$ 630
Less: accumulated amortization	(280)	(222)
Total other assets, net	414	408
Label design [Member]
Other Assets [Line Items]
Other Assets, Gross	413	372
Loan fees [Member]
Other Assets [Line Items]
Other Assets, Gross	18	18
Lease costs [Member]
Other Assets [Line Items]
Other Assets, Gross	23	23
Software [Member]
Other Assets [Line Items]
Other Assets, Gross	170	151
Website design [Member]
Other Assets [Line Items]
Other Assets, Gross	$ 70	$ 66

OTHER ASSETS, net (Details 1)

OTHER ASSETS, net (Details 1) $ in Thousands	Dec. 31, 2015USD ($)
Other Assets [Line Items]
2016 (remaining six months)	$ 66
2,017	122
2,018	112
2,019	67
2,020	29
Thereafter	4
Total future amortization	$ 400

OTHER ASSETS, net (Details Text

OTHER ASSETS, net (Details Textual) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2015	Jun. 30, 2015	Jun. 30, 2014
Other Assets [Member]
Amortization Expenses	$ 30	$ 60	$ 20	$ 50

COMMITMENTS AND CONTINGENCIES42

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	Jun. 30, 2015USD ($)
Line of Credit Facility [Line Items]
2016 (remaining nine months)	$ 169
2,017	316
2,018	310
2,019	319
2,020	329
Thereafter	225
Total future rent payments	$ 1,668

COMMITMENTS AND CONTINGENCIES43

COMMITMENTS AND CONTINGENCIES (Details 1) - USD ($) $ in Thousands		Dec. 31, 2015	Jun. 30, 2015
Long-term debt:
Total notes payable		$ 3,869	$ 3,640
Less current maturities		(470)	(368)
Total long term debt		3,399	3,272
Notes Payable One [Member]
Long-term debt:
Total notes payable	[1]	2,920	2,987
Notes Payable Two [Member]
Long-term debt:
Total notes payable	[2]	0	21
Notes Payable Three [Member]
Long-term debt:
Total notes payable	[3]	157	193
Notes Payable Four [Member]
Long-term debt:
Total notes payable	[4]	285	326
Notes Payable Five [Member]
Long-term debt:
Total notes payable	[5]	56	113
Notes Payable Six [Member]
Long-term debt:
Total notes payable	[6]	$ 451	$ 0
[1]	Note payable to a bank, secured by a deed of trust on property, payable monthly with principal payments of $11,270 plus interest, matures May 31, 2022, variable interest of 2.25% above LIBOR.
[2]	Note payable to a bank, secured by equipment, payable monthly with principal and interest payments of $4,226, matured November 1, 2015 at 3.75% interest.
[3]	Note payable to a bank, secured by equipment, payable monthly with principal and interest payments of $6,535, matures January 15, 2018 at 3.75% interest.
[4]	Note payable to a bank, secured by equipment, payable monthly with principal and interest payments of $7,783, matures March 1, 2019; at 3.75% interest.
[5]	On November 30, 2014, we acquired the unrestricted use of the Stonegate trademark in exchange for a trademark release payment which is to be made over time and is accounted for as a note payable. The note payable has three equal installments: a) within five days of November 30, 2014, b) on October 31, 2015, and c) on July 31, 2016. The note does not accrue interest outstanding on the principal. An imputed interest rate of 5.5% was assessed under GAAP and the impact was considered immaterial.
[6]	Note payable to a bank, secured by equipment, payable monthly with principal and interest payments of $11,267, matures July 1, 2019; at 3.90% interest.

COMMITMENTS AND CONTINGENCIES44

COMMITMENTS AND CONTINGENCIES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Long Term Debt, Fiscal Year Maturity [Line Items]
2016 (remaining nine months)	$ 262
2,017	418
2,018	396
2,019	336
2,020	146
Thereafter	2,311
Long-term Debt, Total	3,869	$ 3,640
Add: Estimated interest payments	697
Total	$ 4,566

COMMITMENTS AND CONTINGENCIES45

COMMITMENTS AND CONTINGENCIES (Details 3) $ in Thousands	Jun. 30, 2015USD ($)
Purchase Obligation, Fiscal Year Maturity [Line Items]
2016 (remaining nine months)	$ 2,398
2,017	1,519
2,018	868
2,019	464
Total	5,249
Third Parties [Member]
Purchase Obligation, Fiscal Year Maturity [Line Items]
2016 (remaining nine months)	2,398
2,017	1,040
2,018	388
2,019	191
Total	4,017
Related Parties [Member]
Purchase Obligation, Fiscal Year Maturity [Line Items]
2016 (remaining nine months)	0
2,017	479
2,018	480
2,019	273
Total	$ 1,232

COMMITMENTS AND CONTINGENCIES46

COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($) $ in Thousands, shares in Millions	1 Months Ended		3 Months Ended		6 Months Ended		12 Months Ended
	Oct. 21, 2015	Feb. 28, 2011	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2015
Commitments And Contingencies [Line Items]
Percentage Of Annual Increase Rent For Tasting and Winery		3.00%			3.00%
Operating Leases, Rent Expense, Net			$ 100	$ 80	$ 200	$ 200
Tax Benefit Tax Receivable Percent					90.00%
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent			6,500		$ 6,500
Long Term Liability Due To LLC Unit Holders			5,900		5,900
Inventory, Finished Goods, Gross			3,700		3,700
Difference In Recorded Deferred Tax Asset					700
Deferred Tax Assets, Valuation Allowance			6,500		$ 6,500
Service Agreement Description					We enter into various contracts with third party service providers for grape crushing and bottling. The costs are recorded in the period for which the service is provided. The actual costs related to custom crush services are based on volume. Our current contracts for custom crush cover the 2015 harvest. Our current bottling contract requires a minimum of 200,000 cases at $2.40 per case to be bottled in a one year period.
Payments to Acquire Lease Receivables	$ 33,000
Line of Credit [Member]
Commitments And Contingencies [Line Items]
Line of Credit Facility, Description					The credit facilities, which mature on July 31, 2016, include (a) a revolving line of credit with a maximum commitment of $10.0 million which accrues interest at 2.25% above the London Interbank Offered Rate (“LIBOR”), (b) a capital equipment line with a maximum commitment of a $0.5 million which carries an interest rate of 2.25% above floating One-Month LIBOR, and (c) a foreign exchange facility with a maximum commitment of $0.1 million which allows to enter into any spot or forward transaction to purchase from or sell to our bank a foreign currency.
Revolving Credit Facility [Member]
Commitments And Contingencies [Line Items]
Debt Instrument, Maturity Date					Jul. 31, 2016
Line of Credit Facility, Interest Rate During Period					2.25%
Long-term Line of Credit			10,000		$ 10,000
Equipment Line Of Credit [Member]
Commitments And Contingencies [Line Items]
Line of Credit Facility, Interest Rate During Period					2.25%
Long-term Line of Credit			$ 500		$ 500
Convertible LLC Units [Member]
Commitments And Contingencies [Line Items]
Conversion of Stock, Shares Converted					1.3
Convertible LLC Units [Member] | Common Class A [Member]
Commitments And Contingencies [Line Items]
Conversion of Stock, Shares Converted			0.2				0.2
Notes Payable To Bank One [Member]
Commitments And Contingencies [Line Items]
Debt Instrument, Maturity Date					May 31, 2022
Debt Instrument, Periodic Payment					$ 11,270
Line of Credit Facility, Description					2.25% above LIBOR
Notes Payable To Bank Two [Member]
Commitments And Contingencies [Line Items]
Debt Instrument, Maturity Date					Nov. 1, 2015
Debt Instrument, Interest Rate During Period					3.75%
Debt Instrument, Periodic Payment					$ 4,226
Notes Payable To Bank Three [Member]
Commitments And Contingencies [Line Items]
Debt Instrument, Maturity Date					Jan. 15, 2018
Debt Instrument, Interest Rate During Period					3.75%
Debt Instrument, Periodic Payment					$ 6,535
Notes Payable To Bank Four [Member]
Commitments And Contingencies [Line Items]
Debt Instrument, Maturity Date					Mar. 1, 2019
Debt Instrument, Interest Rate During Period					3.75%
Debt Instrument, Periodic Payment					$ 7,783
Notes Payable To Bank Five [Member]
Commitments And Contingencies [Line Items]
Debt Instrument, Interest Rate During Period					5.50%
Notes Payable To Bank Six [Member]
Commitments And Contingencies [Line Items]
Debt Instrument, Maturity Date					Jul. 1, 2019
Debt Instrument, Interest Rate During Period					3.90%
Debt Instrument, Periodic Payment					$ 11,267

ACCOUNTS PAYABLE and ACCRUED 47

ACCOUNTS PAYABLE and ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Accounts Payable and Accrued Expenses [Line Items]
Accounts payable	$ 2,240	$ 2,969
Accrued expenses	632	170
Commission	131	132
Depletion allowance	747	525
Personnel	223	242
Accrued grape purchases	60	0
Professional fees	142	18
Total accounts payable and accrued expenses	$ 4,175	$ 4,056

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 138
Accounts receivable	8
Inventories	10
Other current assets	8
Property and equipment, net	6
Gain on sale	15
Assets held for sale	185
Accounts payable and accrued expenses	110
Noncontolling interest	50
Liabilities held for sale	$ 160	$ 140

DISCONTINUED OPERATIONS (Deta49

DISCONTINUED OPERATIONS (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Net income from discontinued operations, net of tax	$ 30	$ 97	$ 45	$ 153
Earnings Per Share
Basic weighted average shares (in shares)	4,062,341	3,786,712	4,045,634	3,768,592
Diluted weighted average shares (in shares)	7,239,918	3,786,712	7,200,405	3,768,592
Basic net income per share (in dollars per share)	$ 0.06	$ (0.13)	$ 0.01	$ (0.15)
Diluted net income per share (in dollars per share)	$ 0.03	$ (0.13)	$ 0	$ (0.15)
Discontinued Operations [Member]
Net income from operations of discontinued operations	$ 15		$ 30
Gain on sale	15		15
Net income from discontinued operations, net of tax	$ 30		$ 45
Earnings Per Share
Basic weighted average shares (in shares)	4,062,341		4,045,634
Diluted weighted average shares (in shares)	7,239,918		7,200,405
Basic net income per share (in dollars per share)	$ 0.01		$ 0.01
Diluted net income per share (in dollars per share)	$ 0		$ 0

DISCONTINUED OPERATIONS (Deta50

DISCONTINUED OPERATIONS (Details Textual) - USD ($)	1 Months Ended
	Jan. 25, 2016	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Deferred Gain on Disposal		$ (15,000)
Wine Spies, LLC [Member] | Subsequent Event [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation Percentage of Ownership Sold	50.00%
Disposal Group, Including Discontinued Operation, Consideration	$ 25,000
Disposal Group, Deferred Gain on Disposal	$ 20,000
Sale of Stock, Percentage of Ownership before Transaction	50.00%

OUT OF DATE PRODUCT (Details Te

OUT OF DATE PRODUCT (Details Textual)	6 Months Ended
	Dec. 31, 2015USD ($)
Summary Of Out Of Date Product [Line Items]
Return Credit Processed	$ 60
Accrual For Sales Return	$ 500,000

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2015	Jun. 30, 2014
Employee Stock Option [Member]
Number of Shares, Outstanding at June 30, 2015	182,500
Number of Shares, Granted	210,000
Number of Shares, Vested	0
Number of Shares, Forfeited, cancelled or expired	0
Number of Shares, Outstanding at December 31, 2015	392,500
Number of Shares, Exercisable at December 31, 2015	37,500
Number of Shares, Expected to vest at December 31, 2015	410,000
Weighted Avg Grant Date Fair Value per Share, Outstanding at June 30, 2015	$ 4.22
Weighted Avg Grant Date Fair Value per Share, Granted	1.94
Weighted Avg Grant Date Fair Value per Share, Vested	0
Weighted Avg Grant Date Fair Value per Share, Forfeited, cancelled or expired	0
Weighted Avg Grant Date Fair Value per Share, Outstanding at December 31, 2015	3
Weighted Avg Grant Date Fair Value per Share, Exercisable at December 31, 2015	2.70
Weighted Avg Grant Date Fair Value per Share, Expected to vest at December 31, 2015	$ 3.07
Weighted Avg Contractual Term in Years, Outstanding	9 years 2 months 26 days	9 years 4 months 20 days
Weighted Avg Contractual Term in Years, Granted	9 years 11 months 16 days
Weighted Avg Contractual Term in Years, Vested	0 years
Weighted Avg Contractual Term in Years, Forfeited, cancelled or expired	0 years
Weighted Avg Contractual Term in Years, Exercisable at December 31, 2015	8 years 5 months 26 days
Weighted Avg Contractual Term in Years, Expected to vest at December 31, 2015	9 years 2 months 26 days
Aggregate Intrinsic Value, Outstanding at June 30, 2015	$ 0
Aggregate Intrinsic Value, Granted	0
Aggregate Intrinsic Value, Vested	0
Aggregate Intrinsic Value, Forfeited, cancelled or expired	0
Aggregate Intrinsic Value, Outstanding at December 31, 2015	0
Aggregate Intrinsic Value, Exercisable at December 31, 2015	0
Aggregate Intrinsic Value, expected to vest at December 31, 2015	$ 0
Restricted Stock Units (RSUs) [Member]
Number of Shares, Outstanding at June 30, 2015	87,500
Number of Shares, Granted	45,180
Number of Shares, Released	(21,875)
Number of Shares, Vested	0
Number of Shares, Forfeited, cancelled or expired	0
Number of Shares, Outstanding at December 31, 2015	110,805
Number of Shares, Expected to vest at December 31, 2015	110,805
Weighted Avg Grant Date Fair Value per Share, Outstanding at June 30, 2015	$ 5
Weighted Avg Grant Date Fair Value per Share, Granted	1.66
Weighted Avg Grant Date Fair Value per Share, Released	0
Weighted Avg Grant Date Fair Value per Share, Vested	0
Weighted Avg Grant Date Fair Value per Share, Outstanding at December 31, 2015	3.64
Weighted Avg Grant Date Fair Value per Share, Expected to vest at December 31, 2015	$ 3.64
Weighted Avg Contractual Term in Years, Outstanding	2 years 8 months 19 days	2 years 5 months 23 days
Weighted Avg Contractual Term in Years, Granted	2 years 11 months 16 days
Weighted Avg Contractual Term in Years, Released	0 years
Weighted Avg Contractual Term in Years, Vested	0 years
Weighted Avg Contractual Term in Years, Forfeited, cancelled or expired	0 years
Weighted Avg Contractual Term in Years, Expected to vest at December 31, 2015	2 years 8 months 19 days
Aggregate Intrinsic Value, Outstanding at June 30, 2015	$ 127
Aggregate Intrinsic Value, Granted	66
Aggregate Intrinsic Value, Released	32
Aggregate Intrinsic Value, Vested	0
Aggregate Intrinsic Value, Forfeited, cancelled or expired	0
Aggregate Intrinsic Value, Outstanding at December 31, 2015	161
Aggregate Intrinsic Value, expected to vest at December 31, 2015	$ 161
Restricted Stock [Member]
Number of Shares, Outstanding at June 30, 2015	97,329
Number of Shares, Granted	0
Number of Shares, Released	(16,802)
Number of Shares, Vested	(5,264)
Number of Shares, Forfeited, cancelled or expired	0
Number of Shares, Outstanding at December 31, 2015	75,263
Number of Shares, Expected to vest at December 31, 2015	75,263
Weighted Avg Grant Date Fair Value per Share, Outstanding at June 30, 2015	$ 3.24
Weighted Avg Grant Date Fair Value per Share, Granted	0
Weighted Avg Grant Date Fair Value per Share, Released	0
Weighted Avg Grant Date Fair Value per Share, Vested	3.80
Weighted Avg Grant Date Fair Value per Share, Forfeited, cancelled or expired	0
Weighted Avg Grant Date Fair Value per Share, Outstanding at December 31, 2015	3.61
Weighted Avg Grant Date Fair Value per Share, Expected to vest at December 31, 2015	$ 3.61
Weighted Avg Contractual Term in Years, Outstanding	1 year 11 days	1 year 6 months 11 days
Weighted Avg Contractual Term in Years, Granted	0 years
Weighted Avg Contractual Term in Years, Released	0 years
Weighted Avg Contractual Term in Years, Forfeited, cancelled or expired	0 years
Weighted Avg Contractual Term in Years, Expected to vest at December 31, 2015	1 year 11 days
Aggregate Intrinsic Value, Outstanding at June 30, 2015	$ 141
Aggregate Intrinsic Value, Granted	0
Aggregate Intrinsic Value, Released	24
Aggregate Intrinsic Value, Vested	8
Aggregate Intrinsic Value, Forfeited, cancelled or expired	0
Aggregate Intrinsic Value, Outstanding at December 31, 2015	109
Aggregate Intrinsic Value, expected to vest at December 31, 2015	$ 109

STOCK-BASED COMPENSATION (Det53

STOCK-BASED COMPENSATION (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 85	$ 205	$ 172	$ 345
Selling and Marketing Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	7	100	19	184
General and Administrative Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 78	$ 105	$ 153	$ 161

STOCK-BASED COMPENSATION (Det54

STOCK-BASED COMPENSATION (Details Textual) - 2012 Stock Incentive Plan [Member] shares in Millions	Dec. 31, 2015shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance	1
Increase In Common Stock Capital Shares Reserved For Future Issuance	0.6

NET INCOME (LOSS) PER SHARE (De

NET INCOME (LOSS) PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share
Basic weighted average shares outstanding (in shares)	4,062,341	3,786,712	4,045,634	3,768,592
Diluted weighted average shares outstanding (in shares)	7,239,918	3,786,712	7,200,405	3,768,592
Basic net income per share (in dollars per share)	$ 0.06	$ (0.13)	$ 0.01	$ (0.15)
Diluted net income per share (in dollars per share)	$ 0.03	$ (0.13)	$ 0	$ (0.15)
Basic and dilutive Class A common weighted average shares (in shares)		3,786,712		3,768,592
Basic and diluted loss per share (in dollars per share)		$ (0.13)		$ (0.15)
Continuing Operations [Member]
Earnings Per Share Basic And Diluted [Line Items]
Net loss attributable to Truett-Hurst, Inc.	$ 235		$ 21
Earnings Per Share
Basic weighted average shares outstanding (in shares)	4,062,341		4,045,634
Diluted weighted average shares outstanding (in shares)	7,239,918		7,200,405
Basic net income per share (in dollars per share)	$ 0.06		$ 0.01
Diluted net income per share (in dollars per share)	$ 0.03		$ 0
Truett-Hurst, Inc [Member]
Earnings Per Share Basic And Diluted [Line Items]
Net loss attributable to Truett-Hurst, Inc.	$ 235	$ (474)	$ 21	$ (574)

NET INCOME (LOSS) PER SHARE (56

NET INCOME (LOSS) PER SHARE (Details Textual) shares in Millions	6 Months Ended
	Dec. 31, 2015shares
Convertible LLC Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.6

FAIR VALUE OF FINANCIAL INSTR57

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands		Dec. 31, 2015	Jun. 30, 2015
Assets
Total			$ 20
Liabilities
Total		$ (15)
Fair Value, Inputs, Level 2 [Member]
Assets
Total			20
Liabilities
Total		(15)
Interest Rate Swap [Member]
Assets
Total	[1]		20
Liabilities
Total	[2]	(15)
Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Total	[1]		$ 20
Liabilities
Total	[2]	$ (15)
[1]	Included in "Other current assets" in the Balance Sheet
[2]	Included in "Accounts payable and accrued expenses" in the Balance Sheet

TAXES (Details Textual)

TAXES (Details Textual) $ in Thousands	6 Months Ended
	Dec. 31, 2015USD ($)
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate [Line Items]
Effective Income Tax Rate Reconciliation, Percent	0.00%
Deferred Tax Assets, Valuation Allowance, Current	$ 20

SIGNIFICANT CUSTOMER INFORMAT59

SIGNIFICANT CUSTOMER INFORMATION, SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net Sales	$ 8,506	$ 4,926	$ 14,875	$ 10,124
Cost of sales	5,866	3,738	10,086	7,111
Gross Profit	$ 2,640	$ 1,188	$ 4,789	$ 3,013
Gross Profit Percentage	31.00%	24.10%	32.20%	29.80%
Wholesale [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 6,852	$ 3,544	$ 11,960	$ 7,682
Cost of sales	5,272	3,214	9,072	6,214
Gross Profit	$ 1,580	$ 330	$ 2,888	$ 1,468
Gross Profit Percentage	23.10%	9.30%	24.10%	19.10%
Direct To Consumer [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 1,654	$ 1,382	$ 2,915	$ 2,442
Cost of sales	594	524	1,014	897
Gross Profit	$ 1,060	$ 858	$ 1,901	$ 1,545
Gross Profit Percentage	64.10%	62.10%	65.20%	63.30%

SIGNIFICANT CUSTOMER INFORMAT60

SIGNIFICANT CUSTOMER INFORMATION, SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Details 1)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Wholesale [Member] | Customer A [Member]
Revenue, Major Customer [Line Items]
Concentration Risk Percentage	44.00%	46.00%	41.00%	35.00%
Wholesale [Member] | Customer B [Member]
Revenue, Major Customer [Line Items]
Concentration Risk Percentage	14.00%	13.00%	19.00%	27.00%
Accounts Receivable [Member] | Customer A [Member]
Revenue, Major Customer [Line Items]
Concentration Risk Percentage			53.00%	52.00%
Accounts Receivable [Member] | Customer B [Member]
Revenue, Major Customer [Line Items]
Concentration Risk Percentage			18.00%	13.00%

SIGNIFICANT CUSTOMER INFORMAT61

SIGNIFICANT CUSTOMER INFORMATION, SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Revenue, Net, Total	$ 8,506	$ 4,926	$ 14,875	$ 10,124
International Sales [Member]
Segment Reporting Information [Line Items]
Revenue, Net, Total	$ 200	$ 500	$ 500	$ 900

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual)	1 Months Ended
	Jan. 25, 2016USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Business Combination, Consideration Transferred, Total	$ 25,000