XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2021
Jun. 30, 2020
Sep. 30, 2020
Cash Flows From Operating Activities:              
Net income (loss) $ 870 $ 255 $ (1,297) $ (120) $ 1,721 $ (2,354)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
(Recovery of) provision for uncollectible accounts         (22) 137  
Depreciation         265 198  
Deferred income tax provision         488 360  
Amortization of intangible assets 288   243   832 729  
Amortization of acquired inventory valuation         732 597  
Amortization of loan costs         7 7  
Stock-based compensation         85 217  
Gain on Paycheck Protection Program loan forgiveness 0   0   (135) 0  
Changes in fair value of mandatorily redeemable noncontrolling interest         86 0  
Changes in operating assets and liabilities, net of effects of acquisitions:              
Accounts receivable         (6,558) 8,738  
Inventory         (319) (182)  
Prepaid expenses and other current assets         (205) 177  
Security deposits and other long-term assets         6 (51)  
Accounts payable and accrued expenses         3,144 (7,317)  
Other liabilities         12 7  
Net cash provided by operating activities         139 1,263  
Cash Flows From Investing Activities:              
Acquisition of property and equipment, net of disposals         (127) (288)  
Acquisitions, net of cash acquired         (2,874) (115)  
Net cash used in investing activities         (3,001) (403)  
Cash Flows From Financing Activities:              
Repayments of term loan         (1,333) (519)  
Proceeds from stock option exercise         46 31  
Line of credit, proceeds, net         4,539 (2,472)  
Proceeds from PPP loan         0 2,727  
Repayment of subordinated promissory notes         (813) (111)  
Net cash provided by (used in) in financing activities         2,439 (344)  
Net (decrease) increase in cash         (423) 516  
Cash at beginning of the period   $ 3,349   $ 2,163 3,349 2,163 $ 2,163
Cash at end of period 2,926   2,679   2,926 2,679 $ 3,349
Cash paid during the period for:              
Interest         361 420  
Income taxes         38 7  
Non-cash operating activities:              
Gain on Paycheck Protection Program loan forgiveness $ 0   $ 0   135 0  
Non-cash investing activities:              
Due to seller 338 election         30 0  
Subordinated promissory notes of ICT         1,760 0  
Non-cash financing activities:              
Dividends declared to preferred stockholders         566 500  
Vested restricted stock unissued         $ 0 $ 30