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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 32 $ (27)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 760 690
Income from equity method of investments (1,923) (691)
Inventory write-down 378 0
Other 264 479
Change in operating assets and liabilities:    
Accounts receivable 50 (4,921)
Inventories 2,474 6,751
Accounts payable (1,069) 131
Accrued expenses (1,030) 1,424
Employee retention credit receivable 0 940
Other 177 (1,292)
Net cash provided by operating activities 113 3,484
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in unconsolidated entities 0 (417)
Distribution from unconsolidated entities 2,324 854
Capital expenditures related to property & equipment (339) (404)
Other 23 (54)
Net cash provided by (used in) investing activities 2,008 (21)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from lines of credit 30,620 34,186
Payments on lines of credit (29,092) (36,820)
Payments on term loan (2,519) (1,261)
Other (300) (181)
Net cash used in financing activities (1,291) (4,076)
Effect of foreign currency exchange rates on cash and cash equivalents 32 (56)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 862 (669)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 7,843 7,090
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 8,705 6,421
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:    
Equipment in inventory transferred to assets on lease 112 0
Contingent earnout for Contrail Aviation Support, LLC ("Contrail") redeemed interest 1,104 0
Related-party note payable for Contrail redeemed interest $ 4,570 $ 0