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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (1,046) $ 7,785
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,820 1,445
Bad debt expense 79 141
Inventory write-off 19 76
Loss on disposal of property, plant and equipment 0 1
Stock-based compensation expense 1,017 832
Income associated with derivative instrument (67) (41)
Deferred tax expense 7 1,284
Changes in operating assets and liabilities, net of business combinations:    
Accounts receivable (4,914) (11,767)
Inventory (882) 1,260
Prepaid and other assets (2,127) 885
Accounts payable and accrued liabilities 7 846
Contract asset and contract liability (3,677) 4,721
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (9,764) 7,468
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (1,576) (2,566)
Payments for business acquisitions, net of cash acquired (5,533) 0
Additions to intangible assets (111) (79)
NET CASH USED IN INVESTING ACTIVITIES (7,220) (2,645)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 0 625
Proceeds from issuance of common stock, net 16,771 0
Proceeds from long-term debt 0 961
Repayments of long-term debt (516) (545)
Payments on financing lease liabilities (148) (64)
Payments of debt issuance costs (146) 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 15,961 977
NET INCREASE (DECREASE) IN CASH (1,023) 5,800
CASH, beginning of period 27,767 5,416
CASH, end of period 26,744 11,216
SUPPLEMENTAL CASH FLOW DISCLOSURES:    
Income taxes paid, net of refunds 187 (210)
Interest paid on long-term debt 171 120
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock for acquisition 1,088 0
Property, plant and equipment financed through accounts payable 215 (295)
Purchase of previously leased property, plant and equipment financed with note payable $ 0 $ 873