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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES:    
Net income (loss) $ 329 $ (45)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 52 40
Stock based compensation expense 6 5
Provision for bad debt (1)
Amortization of operating lease asset 80 72
Change in operating assets and liabilities:    
Accounts receivable 97 72
Inventories (201) (202)
Prepaid expenses and other assets (35) 9
Accounts payable (13) 108
Accrued compensation (93) (64)
Accrued expenses and interest 6 (4)
Operating lease liability (97) (86)
Net cash provided by (used in) operating activities 130 (95)
INVESTING ACTIVITIES:    
Investment in equipment and leasehold improvements (27) (8)
Net cash used in investing activities (27) (8)
FINANCING ACTIVITIES:    
Repayment of term note-shareholder (49)
Repayment of unsecured note payable (154) (209)
Proceeds from unsecured note payable 300
Net cash provided by line of credit 45 1
Borrowings of credit card advance 250
Repayment of credit card advance (56) (152)
Repayments of secured notes payable (125) (70)
Repayment of unsecured line of credit (3) (3)
Payments on equipment notes (28) (32)
Principal payments on capital leases (2) (6)
Net cash (used in) provided by financing activities (323) 30
Net decrease in cash and cash equivalents (220) (73)
Cash and cash equivalents at beginning of period 1,152 649
CASH AND CASH EQUIVALENTS AT END OF PERIOD 932 576
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Purchases of equipment with equipment notes 35
Operating lease asset obtained in exchange for operating lease liability 448
Cash paid during the period for: Interest $ 106 157
Cash paid during the period for: Income taxes