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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (759) $ 935
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,166 923
Bad debt expense 44 100
Inventory write-off 1 24
Loss on disposal of property, plant and equipment 0 1
Stock-based compensation expense 629 302
Income associated with derivative instrument (34) (15)
Deferred tax expense (benefit) (246) 244
Changes in operating assets and liabilities:    
Accounts receivable (3,288) (1,597)
Inventory (676) 355
Prepaid and other assets (480) 488
Accounts payable and accrued liabilities 1,649 160
Contract asset and contract liability (3,017) 1,050
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (5,011) 2,970
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (761) (2,023)
Payments for business acquisition, net of cash acquired (2,181) 0
Additions to intangible assets (74) (62)
NET CASH USED IN INVESTING ACTIVITIES (3,016) (2,085)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 0 311
Proceeds from issuance of common stock, net 16,771 0
Proceeds from long-term debt 0 961
Repayments of long-term debt (412) (347)
Payments on financing lease liabilities (98) 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 16,261 925
NET INCREASE IN CASH 8,234 1,810
CASH, beginning of period 27,767 5,416
CASH, end of period 36,001 7,226
SUPPLEMENTAL CASH FLOW DISCLOSURES:    
Income taxes paid, net of refunds 177 (261)
Interest paid on long-term debt 116 80
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Property, plant and equipment financed through accounts payable $ (143) $ (263)