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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows provided by operating activities:    
Net income $ 2,207 $ 1,328
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 239 234
Amortization of operating lease right-of-use assets 341 338
Stock based compensation 44
Change in deferred tax assets (101) 49
Realized gain on sale of iBio, Inc. shares (49)
Unrealized (gain) loss on investments (35)
Other, net 11 50
Changes in operating assets and liabilities:    
Accounts receivable 166 (1,161)
Inventories (1,247) (2,807)
Other current assets (7) (29)
Security deposits and other assets (4) (3)
Accounts payable 2,256 1,852
Accrued expenses and other liabilities 71 189
Operating lease obligations (343) (339)
Net cash provided by (used in) operating activities 3,549 (299)
Cash flows from investing activities:    
Purchase of property and equipment (158) (350)
Proceeds from sale of investment 85
Proceeds from sale of machinery and equipment 3
Cash contribution in AgroSport LLC (8)
Net cash used in investing activities (70) (358)
Cash flows from financing activities:    
Advances under revolving credit facility 35,190 35,574
Proceeds from sales/lease back of equipment 233
Proceeds from exercise of employee stock options 24
Repayments of advances under revolving credit facility (37,599) (34,322)
Repayments under term note payables (823) (475)
Repayments under finance lease obligations (157) (174)
Net cash (used in) provided by financing activities (3,389) 860
Net increase in cash 90 203
Cash at beginning of period 475 228
Cash at end of period 565 431
Supplemental disclosures of cash flow information:    
Interest paid 323 568
Income taxes paid $ 303 $ 193