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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 2,346 $ 958
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 393 351
Impairment of intangible assets 0 404
Release of accounts payable no longer owed (406)
Deferred income taxes (823)
Change in fair value of derivative liability 427 64
Accretion of financing instruments and amortization of prepaid financing costs 105 192
Compensation expense on employee stock options 49 31
Impairment charge on investment in iBio, Inc. 36
Allowance for doubtful accounts (1) 30
Gain on disposal of fixed assets (15)
Changes in operating assets and liabilities:    
Accounts receivable (884) (527)
Inventories 111 (1,978)
Prepaid expenses and other assets (43) (99)
Accounts payable (1,292) 727
Accrued expenses and other current liabilities (27) (326)
Net cash provided by (used in) operating activities 397 (594)
Cash flows from investing activities:    
Purchase of property and equipment (327) (109)
Proceeds from sale of fixed assets 2
Net cash used in investing activities (327) (107)
Cash flows from financing activities:    
Advances under revolving credit facility 45,385 41,166
Repayments of advances under revolving credit facility (44,919) (41,418)
Proceeds from sale/lease back 158
Proceeds from exercises of stock options 3
Proceeds from Line of Credit Note 43
Repayments under term notes payable (829) (620)
Repayments under capitalized lease obligations (131) (121)
Proceeds from term note payable 1,975
Net cash (used in) provided by financing activities (333) 1,025
Net (decrease) increase in cash (263) 324
Cash at beginning of fiscal year 395 71
Cash at end of fiscal year 132 395
Supplemental disclosures of cash flow information:    
Interest 884 745
Income taxes 366 168
Supplemental disclosures of non-cash transactions:    
Accretion of discount on Convertible Note Payable 39 86
Financing on capitalized lease obligations $ 317