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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 1,688 $ 679
Adjustments to reconcile net income to net cash from operating activities:    
Amortization of operating lease right-of-use assets 453
Depreciation and amortization 321 348
Deferred income taxes 33 256
Change in fair value of derivative liability (9) (494)
Accretion of financing instruments and amortization of prepaid financing costs 58 105
Compensation expense on employee stock options 144 14
Unrealized loss on investment in iBio, Inc. 23
Impairment charge on investment in iBio, Inc. 358
Non cash loss (gain) on AgroSport LLC investment 97 (88)
Allowance for doubtful accounts (50) 42
Gain on disposal of fixed assets (5)
Changes in operating assets and liabilities:    
Accounts receivable (593) 182
Inventories (1,077) (96)
Prepaid expenses and other assets (73) (7)
Operating lease liabilities (454)
Accounts payable (329) 7
Accrued expenses and other current liabilities 96 (133)
Net cash provided by operating activities 328 1,168
Cash flows from investing activities:    
Purchase of property and equipment (414) (247)
Proceeds from sale of fixed assets 6
Investment in AgroSport LLC (8) (1)
Net cash used in investing activities (422) (242)
Cash flows from financing activities:    
Advances under revolving credit facility 48,937 41,164
Repayments of advances under revolving credit facility (47,997) (40,945)
Proceeds from issuance of note payable 2,400
Proceeds from sale/lease back 233 143
Proceeds from exercises of stock options 24
Repayments under term notes payable (3,023) (959)
Repayments under capitalized lease obligations (233) (233)
Net cash provided by (used in) financing activities 341 (830)
Net increase in cash 247 96
Cash at beginning of fiscal year 228 132
Cash at end of fiscal year 475 228
Supplemental disclosures of cash flow information:    
Interest 629 800
Income taxes 264 221
Supplemental disclosures of non-cash transactions:    
Accretion of discount on Convertible Note Payable 3 39
Financing on capitalized lease obligations $ 53