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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,602 $ 2,354
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 320 282
Share-based compensation 64 19
Non-cash lease expense 15 22
Amortization of loan fees 5 4
Gain on sale of investments (12)
Deferred income taxes 97
Bad debt expense (recovery) (2) 17
Changes in operating assets and liabilities:    
Accounts receivable and other current receivables 535 1,400
Deferred costs 18 (62)
Inventory (913) (1,569)
Prepaid expenses and other assets (247) 430
Accounts payable and accrued expenses (110) (771)
Deferred revenue 145
Income taxes payable (190) 190
Net cash provided by operating activities 1,085 2,558
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investments (1,271)
Purchases of equipment and leasehold improvements (316) (317)
Proceeds from sale of investments 115
Purchase of land and building (6,499)
Increase in intangibles (3) (23)
Net cash used in investing activities (6,703) (1,611)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock (2,215)
Proceeds from exercise of options and ESPP contributions 64 15
Payment of employee payroll taxes on net issuance of common stock (259)
Proceeds from Minnesota Bank & Trust long-term debt, net of fees 5,176
Principal payments on notes payable and capital lease (261) (314)
Net cash provided by (used in) financing activities 4,720 (2,514)
Net decrease in cash and cash equivalents (898) (1,567)
Cash and cash equivalents, beginning of period 6,421 7,742
Cash and cash equivalents, end of period 5,523 6,175
Cash paid during the period for:    
Interest 101 103
Income taxes 754 13
Non-cash investing and financing activity:    
Cashless stock option exercise $ 4