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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended 14 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2021
Cash flows from operating activities:      
Net income $ 3,838 $ 8,013  
Adjustments to reconcile net income to net cash from operating activities:      
Amortization of operating lease right-of-use assets 498 489  
Depreciation and amortization 336 337  
Deferred income taxes (1,530) (1,385)  
Accretion of financing instruments, amortization of prepaid financing costs and other 21 42  
Compensation expense on employee stock options 369 231  
Unrealized loss on investment in iBio Stock 55 53  
Realized gain on sale of iBio Stock 0 (56)  
Allowance for doubtful accounts (39) 25  
Gain on disposal of fixed assets (22) (14)  
PPP Note forgiveness 0 (1,639)  
Changes in operating assets and liabilities:      
Accounts receivable 927 (294)  
Inventories 640 (1,594)  
Prepaid expenses and other assets (84) 43  
Operating lease obligations (501) (490)  
Accounts payable (218) (937)  
Accrued expenses and other current liabilities (199) 226  
Net cash provided by operating activities 4,091 3,050  
Cash flows from investing activities:      
Purchase of property and equipment (486) (295)  
Proceeds from sale of iBio Stock 0 96  
Proceeds from sale of fixed assets 21 0  
Net cash used in investing activities (465) (199)  
Cash flows from financing activities:      
Advances under revolving credit facility 54,618 57,662  
Repayments of advances under revolving credit facility (56,691) (59,535)  
Proceeds from exercises of stock options 34 23  
Repayments under term notes payable (1,466) (1,118)  
Repayments under financed lease obligations 0 (75)  
Net cash used in financing activities (3,505) (3,043)  
Net increase (decrease) in cash 121 (192)  
Cash at beginning of fiscal year 210 402  
Cash at end of fiscal year 331 210 $ 210
Supplemental disclosures of cash flow information:      
Interest 113 201  
Income taxes 471 558  
Supplemental disclosures of non-cash transactions:      
Amount owed on purchase of fixed assets 22 91  
Financing on financed lease obligation 85 0  
Acquisition of right-of-use asset 0 30  
Trade in value on like-kind exchanges 7 23  
Paycheck Protection Program CARES Act [Member]      
Supplemental disclosures of non-cash transactions:      
Interest forgiven on PPP Note $ 0 $ 20 $ 20