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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 4,108 $ 1,688
Adjustments to reconcile net income to net cash from operating activities:    
Amortization of operating lease right-of-use assets 460 453
Depreciation and amortization 312 321
Deferred income taxes (1,349) 33
Accretion of financing instruments, amortization of prepaid financing costs and other 22 49
Compensation expense on employee stock options 59 144
Unrealized (gain) loss on investment in iBio Stock (103) 23
Realized gain on sale of iBio Stock (72)
Non cash loss on AgroSport LLC investment 97
Allowance for doubtful accounts 15 (50)
Gain on disposal of fixed assets (4)
Changes in operating assets and liabilities:    
Accounts receivable (1,082) (593)
Inventories (1,282) (1,077)
Prepaid expenses and other assets (7) (73)
Operating lease obligations (462) (454)
Accounts payable 487 (329)
Accrued expenses and other current liabilities 237 96
Net cash provided by operating activities 1,339 328
Cash flows from investing activities:    
Purchase of property and equipment (214) (414)
Proceeds from sale of iBio Stock 101
Proceeds from sale of fixed assets 3
Investment in AgroSport LLC (8)
Net cash used in investing activities (110) (422)
Cash flows from financing activities:    
Advances under revolving credit facility 47,213 48,937
Repayments of advances under revolving credit facility (49,001) (47,997)
Proceeds from issuance of note payable 1,639 2,400
Proceeds from sale/lease back 233
Proceeds from exercises of stock options 7 24
Repayments under term notes payable (966) (3,023)
Repayments under financed lease obligations (194) (233)
Net cash (used in) provided by financing activities (1,302) 341
Net (decrease) increase in cash (73) 247
Cash at beginning of fiscal year 475 228
Cash at end of fiscal year 402 475
Supplemental disclosures of cash flow information:    
Interest 367 629
Income taxes 384 264
Supplemental disclosures of non-cash transactions:    
Accretion of discount on Convertible Note Payable 3
Amount owed on purchase of fixed assets $ 16