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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 1,468 $ (10,378)
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Gain from sale of OSP (Note 3) (3,927) 0
Depreciation and amortization 1,035 1,574
Long-lived asset impairment 0 163
Deferred income taxes 28 (258)
Loss from sale of salon assets to franchisees, net 0 1,080
Stock-based compensation 531 1,678
Amortization of debt discount and financing costs 648 460
Other non-cash items affecting earnings 481 232
Changes in operating assets and liabilities, excluding the effects of asset sales [1] (5,321) (6,805)
Net cash used in operating activities (5,057) (12,254)
Cash flows from investing activities:    
Capital expenditures (184) (1,524)
Net proceeds from sale of OSP 3,500 0
Net cash provided by (used in) investing activities 3,316 (1,524)
Cash flows from financing activities:    
Borrowings on credit facility 6,357 10,000
Repayments of long-term debt (5,801) (1,106)
Debt refinancing fees (4,341) 0
Proceeds from issuance of common stock, net of offering costs 0 32,193
Taxes paid for shares withheld (13) (255)
Net cash (used in) provided by financing activities (3,798) 40,832
Effect of exchange rate changes on cash and cash equivalents (166) (148)
(Decrease) increase in cash, cash equivalents, and restricted cash (5,705) 26,906
Cash, cash equivalents and restricted cash:    
Beginning of period 27,464 29,152
End of period $ 21,759 $ 56,058
[1] Changes in operating assets and liabilities exclude assets and liabilities sold.