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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 1,194 $ 1,468
Adjustments to reconcile net income to cash used in operating activities:    
Gain from sale of OSP (Note 3) 0 (3,927)
Depreciation and amortization 375 1,035
Deferred income taxes (59) 28
Non-cash interest 640 0
Stock-based compensation 630 531
Amortization of debt discount and financing costs 747 648
Other non-cash items affecting earnings 238 481
Changes in operating assets and liabilities, excluding the effects of asset sales [1] (6,589) (5,321)
Net cash used in operating activities (2,824) (5,057)
Cash flows from investing activities:    
Capital expenditures (163) (184)
Proceeds from sale of OSP, net of fees 0 3,500
Net cash (used in) provided by investing activities (163) 3,316
Cash flows from financing activities:    
Borrowings on credit facility 2,000 6,357
Repayments of long-term debt (162) (5,801)
Debt refinancing fees (152) (4,341)
Taxes paid for shares withheld (6) (13)
Net cash provided by (used in) financing activities 1,680 (3,798)
Effect of exchange rate changes on cash and cash equivalents (42) (166)
Decrease in cash, cash equivalents, and restricted cash (1,349) (5,705)
Cash, cash equivalents and restricted cash:    
Beginning of period 21,396 27,464
End of period $ 20,047 $ 21,759
[1] Changes in operating assets and liabilities exclude assets and liabilities sold.