Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities:    
Net income $ 5,071 $ 2,547
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 2,912 2,476
Amortization of debt discount 12 27
Provision for bad debt expense 263 137
Non-cash lease expense (30) 91
Stock compensation 1,482 1,320
Inventory reserve (250) (178)
Provision for deferred income taxes 178 424
Other (183) (14)
(Increase) decrease in operating assets:    
Accounts receivable 4,501 (580)
Inventories (9,166) (7,790)
Vendor deposits (480) (727)
Contract assets (7,261) 328
Other assets (1,328) (1,080)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses (519) 140
Accrued employee expenses (290) (1,196)
Customer deposits 723 6,310
Contract liabilities (507) (3,232)
Net cash used by operating activities (4,872) (997)
Investing activities:    
Capital expenditures (1,838) (1,973)
Cash paid for acquisitions, net of cash acquired (1,874)
Net cash used by investing activities (3,712) (1,973)
Financing activities:    
Proceeds from long-term debt 32,000 25,000
Debt repayments (23,000) (22,000)
Repurchases of common stock in satisfaction of employee tax withholding obligations (66) (142)
Issuances of common stock under employee stock purchase plan 59 59
Net cash provided by financing activities 8,993 2,917
Net increase (decrease) in cash 409 (53)
Cash at beginning of period 3,974 6,057
Cash at end of period 4,383 6,004
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 942 238
Cash paid during the period for income taxes $ 888 $ 261
Supplemental disclosures of non-cash financing activities:    
Common stock issued for acquisitions (in Shares) 503