XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 540 $ 5,572
Adjustments to reconcile net income to net cash provided by operating activities:    
 Depreciation and amortization 854 594
Amortization of loan fees, net (6) 8
Share-based compensation 588 584
Unrealized (gain) loss on marketable equity investments 3,785 (3,407)
Non-cash straight-line lease amortization (12) (1)
Gain on sale of investments 0 (7)
Deferred income taxes 0 905
Bad debt expense 1 2
Changes in operating assets and liabilities:    
Accounts receivable and other current receivables (2,565) 4,817
Deferred costs 163 431
Inventory 1,925 (2,467)
Prepaid expenses and other assets (776) (1,129)
Accounts payable and accrued expenses 710 (1,047)
Deferred revenue 35 (956)
Income taxes payable (63) 936
Net cash provided by operating activities 5,179 4,835
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investments (1,250) 0
Purchases of equipment and improvements (876) (822)
Proceeds from sale of investments 0 89
Net cash used in investing activities (2,126) (733)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock (1,830) (1,547)
Proceeds from exercise of options and ESPP contributions 50 89
Payment of employee payroll taxes on net issuance of common stock 0 (223)
Proceeds from Minnesota Bank & Trust revolving loan, net of fees 2,000 3,584
Principal payments on notes payable and revolving loan (2,990) (4,766)
Net cash used in financing activities (2,770) (2,863)
Net increase in cash and cash equivalents 283 1,239
Cash and cash equivalents, beginning of period 2,936 849
Cash and cash equivalents, end of period 3,219 2,088
Cash paid during the period for:    
Interest 409 384
Income taxes $ 980 $ 1,107