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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows provided by operating activities:    
Net income $ 2,344 $ 3,506
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 247 253
Amortization of operating lease right-of-use assets 374 364
Stock based compensation 290 162
Change in deferred tax assets (402) 421
Realized gain on sale of investment in iBio Stock 0 (56)
Unrealized loss on investment in iBio Stock 48 51
Other, net (4) 16
Changes in operating assets and liabilities:    
Accounts receivable, net (394) (948)
Inventories (1,401) (3,321)
Other assets (239) (158)
Accounts payable 1,285 2,201
Accrued expenses and other liabilities (385) 212
Operating lease obligations (375) (365)
Net cash provided by operating activities 1,388 2,338
Cash flows from investing activities:    
Purchase of property and equipment (451) (150)
Proceeds from sale of iBio Stock 0 96
Proceeds from sale of machinery and equipment 21 0
Net cash used in investing activities (430) (54)
Cash flows from financing activities:    
Advances under revolving credit facility 42,664 41,758
Proceeds from exercise of employee stock options 7 14
Repayments of advances under revolving credit facility (42,109) (43,288)
Repayments under term note payables (1,466) (990)
Repayments under finance lease obligations 0 (75)
Net cash used in financing activities (904) (2,581)
Net decrease in cash 54 (297)
Cash at beginning of period 210 402
Cash at end of period 264 105
Interest paid 90 176
Income taxes paid 446 408
Supplemental disclosures of non-cash flow transactions:    
Amount owed on purchase of property and equipment $ 84 $ 50