XML 70 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Net income $ 131 $ 93
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 390 425
Accretion of financing instruments and amortization of prepaid financing costs 237 235
Impairment charge on investment in iBio, Inc. 152 139
Change in fair value of derivative instruments 21 133
Allowance for doubtful accounts (7) (13)
(Gain) loss on sale of property and equipment (4) 6
Decrease (increase) in:    
Accounts receivable 248 (371)
Inventories 733 (1,140)
Prepaid expenses and other current assets 36 81
(Decrease) increase in:    
Accounts payable (247) (598)
Accrued expenses and other current liabilities 187 (428)
Net cash provided by (used in) operating activities 1,877 (1,438)
Cash flows from investing activities:    
Purchase of property and equipment (182) (30)
Proceeds from sale of property and equipment   19
Net cash used in investing activities (182) (11)
Cash flows from financing activities:    
Advances under revolving credit facility 32,341 34,714
Repayments of advances under revolving credit facility (32,763) (32,848)
Repayments under term note payables (834) (496)
Repayments under capitalized lease obligations (47) (11)
Proceeds from exercise of employee stock options 4  
Net cash (used in) provided by financing activities (1,299) 1,359
Net increase (decrease) in cash 396 (90)
Cash at beginning of fiscal year 55 145
Cash at end of fiscal year 451 55
Supplemental disclosures of cash flow information:    
Interest 716 671
Income taxes 7 17
Supplemental disclosures of non-cash transactions:    
Accretion on embedded derivative feature of Convertible Note Payable 108 106
Financing on capitalized lease obligations $ 72 $ 68