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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,148 $ 1,621
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 438 557
Gain on sale of investments (356)
Gain on sale or disposal of equipment (7) (16)
Amortization of loan fees 7
Asset impairment charges 1,029
Share-based compensation 37 194
Deferred income taxes 1,418 391
Bad debt expense (recovery) (14) 14
Changes in operating assets and liabilities:    
Accounts receivable (1,131) 569
Deferred costs (398) (19)
Assets held for sale 31
Inventory (1,846) (1,309)
Prepaid expenses and other assets (326) (45)
Accounts payable, accrued expenses and deferred rent 1,133 (57)
Deferred revenue 184 13
Income taxes payable 39 123
Net cash provided by operating activities 3,326 3,096
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of equipment and leasehold improvements (1,387) (923)
Purchase of notes receivable (350)
Investment in Loan Participation (See Note 6) (1,150)
Proceeds from dividend reclassified as return of principal 23
Proceeds from sale of equipment 7 30
Proceeds from collection of notes receivable 1,219
Proceeds from sale of investments 1,905
Increase in intangibles (11) (11)
Purchase of investments (2,978) (1,711)
Net cash used in investing activities (1,222) (4,115)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on capital lease and note payable (433) (78)
Proceeds from shares issued under ATM 2,262
Borrowing from Minnesota Bank & Trust, net of loan origination fees 4,940
Repurchases of common stock (3,984) (220)
Payments of employee taxes on net issuance of common stock (101)
Proceeds from exercise of stock options and ESPP contributions 28 38
Net cash provided by financing activities 450 2,002
Net increase in cash and cash equivalents 2,554 983
Cash and cash equivalents, beginning of year 5,188 4,205
Cash and cash equivalents, end of year 7,742 5,188
Noncash investing and financing activities:    
Promissory note issued in connection with sale of Fineline 280
Supplemental disclosures of cash flow information:    
Cash paid for income taxes, net of refunds 320 401
Cash paid for interest $ 199 $ 7