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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 679 $ 2,346
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 348 393
Deferred income taxes 152 (823)
Change in fair value of derivative liability (494) 427
Accretion of financing instruments and amortization of prepaid financing costs 105 105
Compensation expense on employee stock options 14 49
Impairment charge on investment in iBio, Inc. 358 36
Non cash gain on AgroSport LLC investment (88)
Allowance for doubtful accounts 42 (1)
Gain on disposal of fixed assets (5)
Changes in operating assets and liabilities:    
Accounts receivable 182 (884)
Inventories (96) 111
Prepaid expenses and other assets 97 (43)
Accounts payable 7 (1,292)
Accrued expenses and other current liabilities (133) (27)
Net cash provided by operating activities 1,168 397
Cash flows from investing activities:    
Purchase of property and equipment (247) (327)
Proceeds from sale of fixed assets 6
Investment in AgroSport LLC (1)
Net cash used in investing activities (242) (327)
Cash flows from financing activities:    
Advances under revolving credit facility 41,164 45,385
Repayments of advances under revolving credit facility (40,945) (44,919)
Proceeds from sale/lease back 143 158
Proceeds from exercises of stock options 3
Repayments under term notes payable (959) (829)
Repayments under capitalized lease obligations (233) (131)
Net cash used in financing activities (830) (333)
Net increase (decrease) in cash 96 (263)
Cash at beginning of fiscal year 132 395
Cash at end of fiscal year 228 132
Supplemental disclosures of cash flow information:    
Interest 800 884
Income taxes 221 366
Supplemental disclosures of non-cash transactions:    
Accretion of discount on Convertible Note Payable 39 39
Financing on capitalized lease obligations $ 53