Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net income $ 2,019 $ 518
Adjustments to reconcile net income to net cash (used) provided by operating activities:    
Depreciation and amortization 1,236 985
Amortization of debt discount 13 14
Provision for bad debt expense 108 96
Non-cash lease expense 100 29
Share-based compensation 479 578
Inventory reserve (31) (26)
Benefit for deferred income taxes (162) (760)
Other (14) 60
(Increase) decrease in operating assets:    
Accounts receivable (4,889) 530
Inventories (3,895) (585)
Vendor deposits (43) 1,049
Contract assets 222 (5,211)
Other assets (759) (1,667)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses (2,453) 3,229
Accrued employee expenses (318) (208)
Customer deposits 983 2,847
Contract liabilities (3,032) 2,841
Net cash (used) provided by operating activities (10,436) 4,319
Investing activities:    
Capital expenditures (848) (997)
Net cash used by investing activities (848) (997)
Financing activities:    
Proceeds from borrowings 15,000 12,000
Debt repayments (7,000) (20,000)
Net cash provided (used) by financing activities 8,000 (8,000)
Net decrease in cash (3,284) (4,678)
Cash at beginning of period 6,057 9,789
Cash at end of period 2,773 5,111
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 98 137
Cash paid during the period for income taxes $ 18 $ 453