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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 4,506 $ (115)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 615 568
Share-based compensation 243 386
Unrealized (gain) loss on marketable equity investments (510) 2,593
Non-cash lease recovery (14) (7)
Amortization of loan fees, net 13
Credit loss expense 27
Changes in operating assets and liabilities:    
Accounts receivable (4,606) (3,217)
Deferred costs 109 82
Inventory (4,342) 1,141
Prepaid expenses and other assets (991) (605)
Accounts payable and accrued expenses 3,030 340
Deferred revenue (14)
Income taxes payable (329) (64)
Net cash provided by (used in) operating activities (2,263) 1,102
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investments (1,250)
Purchases of equipment and improvements (973) (759)
Net cash used in investing activities (973) (2,009)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock (3,504) (107)
Proceeds from ESPP contributions 15 32
Payment of employee payroll taxes on net issuance of common stock (305)
Proceeds from Minnesota Bank & Trust revolving loan 8,490 2,000
Principal payments on notes payable and revolving loan (4,025) (2,665)
Net cash provided by (used in) financing activities 671 (740)
Net decrease in cash and cash equivalents (2,565) (1,647)
Cash and cash equivalents, beginning of period 2,631 2,936
Cash and cash equivalents, end of period 66 1,289
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 338 272
Cash paid during the period for income taxes by jurisdiction:    
Federal income tax payments 1,570 565
California income tax payments 1,100 74
Massachusetts income tax payments 21
Total income tax payments 2,670 660
Non-cash investing and financing activity:    
Cashless stock option exercise $ 117