XML 20 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ (672,000) $ (1,293,000) $ 13,000
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 1,561,000 1,485,000 816,000
Bad debt expense 62,000 20,000 34,000
Non-cash lease expense 37,000 0 0
Loss on inventory write-down 0 0 17,000
Loss on disposal of property, plant and equipment 13,000 10,000 0
Stock-based compensation expense 476,000 496,000 676,000
Deferred tax benefit (8,000) 0 0
Changes in operating assets and liabilities, net of effects of business acquisitions:      
Accounts receivable 1,121,000 (1,264,000) 892,000
Inventory 305,000 (61,000) (1,055,000)
Prepaid and other assets (20,000) (35,000) (46,000)
Accounts payable and accrued liabilities 29,000 125,000 (759,000)
Deferred revenue (535,000) (61,000) 600,000
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 2,369,000 (578,000) 1,188,000
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of property, plant and equipment (1,212,000) (2,486,000) (1,926,000)
Cash proceeds from sale of property, plant and equipment 10,000 23,000 0
Additions to intangible assets (86,000) (163,000) 0
Payments for business acquisitions, net of cash acquired 0 (7,314,000) (1,552,000)
NET CASH USED IN INVESTING ACTIVITIES (1,288,000) (9,940,000) (3,478,000)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from exercise of stock options 0 342,000 313,000
Repayments of long-term debt (601,000) (3,184,000) 0
Proceeds from long-term debt 0 5,600,000 0
Shares repurchased 0 0 (745,000)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (601,000) 2,758,000 (432,000)
NET INCREASE (DECREASE) IN CASH 480,000 (7,760,000) (2,722,000)
CASH, beginning of year 4,675,000 12,435,000 15,157,000
CASH, end of year 5,155,000 4,675,000 12,435,000
SUPPLEMENTAL CASH FLOW DISCLOSURES:      
Income taxes paid 3,000 9,000 152,000
Interest paid on long-term debt 87,000 107,000 0
NON-CASH INVESTING ACTIVITIES:      
Issuance of common stock for acquisition 0 1,899,000 0
Issuance of common stock for lease 83,000 0 0
Unpaid consideration related to acquisitions 0 0 181,000
Transfer of equipment to inventory 193,000 118,000 143,000
Property, plant and equipment financed through accounts payable $ (13,000) $ 28,000 $ 0