XML 41 R31.htm IDEA: XBRL DOCUMENT v3.22.1
BASIS OF PRESENTATION - Condensed Consolidated Statement of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended
Aug. 30, 2021
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss   $ (1,341) $ (293)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization   582 423
Bad debt expense   25 65
Inventory write-off   0 10
Loss on disposal of property, plant and equipment   0 1
Stock-based compensation expense   280 162
Income associated with derivative instrument   (7) (5)
Deferred tax benefit   (427) (103)
Changes in operating assets and liabilities:      
Accounts receivable   (134) 1,095
Inventory   (1,151) 182
Prepaid and other assets   (305) 296
Accounts payable and accrued liabilities   606 (311)
Contract asset and contract liability   (1,179) 239
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES   (3,051) 1,761
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of property, plant and equipment   (47) (925)
Additions to intangible assets   (18) (48)
NET CASH USED IN INVESTING ACTIVITIES   (65) (973)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from exercise of stock options   0 225
Proceeds from issuance of common stock, net $ 16,800 16,771 0
Proceeds from long-term debt   0 508
Repayments of long-term debt   (206) (152)
Payments on financing lease liabilities   (54) 0
NET CASH PROVIDED BY FINANCING ACTIVITIES   16,511 581
NET INCREASE IN CASH   13,395 1,369
CASH, beginning of period   27,767 5,416
CASH, end of period   41,162 6,785
SUPPLEMENTAL CASH FLOW DISCLOSURES:      
Income taxes paid, net of refunds   170 (283)
Interest paid on long-term debt   58 23
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Property, plant and equipment financed through accounts payable   20 $ 85
As Previously Reported      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss   (790)  
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization   582  
Bad debt expense   25  
Inventory write-off   0  
Loss on disposal of property, plant and equipment   0  
Stock-based compensation expense   280  
Income associated with derivative instrument   (7)  
Deferred tax benefit   (256)  
Changes in operating assets and liabilities:      
Accounts receivable   (134)  
Inventory   (1,151)  
Prepaid and other assets   (305)  
Accounts payable and accrued liabilities   (116)  
Contract asset and contract liability   (1,179)  
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES   (3,051)  
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of property, plant and equipment   (47)  
Additions to intangible assets   (18)  
NET CASH USED IN INVESTING ACTIVITIES   (65)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from exercise of stock options   0  
Proceeds from issuance of common stock, net   16,771  
Proceeds from long-term debt   0  
Repayments of long-term debt   (206)  
Payments on financing lease liabilities   (54)  
NET CASH PROVIDED BY FINANCING ACTIVITIES   16,511  
NET INCREASE IN CASH   13,395  
CASH, beginning of period   27,767  
CASH, end of period   41,162  
SUPPLEMENTAL CASH FLOW DISCLOSURES:      
Income taxes paid, net of refunds   170  
Interest paid on long-term debt   58  
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Property, plant and equipment financed through accounts payable   20  
Restatement Adjustment      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss   (551)  
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization   0  
Bad debt expense   0  
Inventory write-off   0  
Loss on disposal of property, plant and equipment   0  
Stock-based compensation expense   0  
Income associated with derivative instrument   0  
Deferred tax benefit   (171)  
Changes in operating assets and liabilities:      
Accounts receivable   0  
Inventory   0  
Prepaid and other assets   0  
Accounts payable and accrued liabilities   722  
Contract asset and contract liability   0  
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES   0  
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of property, plant and equipment   0  
Additions to intangible assets   0  
NET CASH USED IN INVESTING ACTIVITIES   0  
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from exercise of stock options   0  
Proceeds from issuance of common stock, net   0  
Proceeds from long-term debt   0  
Repayments of long-term debt   0  
Payments on financing lease liabilities   0  
NET CASH PROVIDED BY FINANCING ACTIVITIES   0  
NET INCREASE IN CASH   0  
CASH, beginning of period   0  
CASH, end of period   0  
SUPPLEMENTAL CASH FLOW DISCLOSURES:      
Income taxes paid, net of refunds   0  
Interest paid on long-term debt   0  
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Property, plant and equipment financed through accounts payable   $ 0