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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Consolidated Statements of Cash Flows (Unaudited)    
Net income $ 1,480 $ 846
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 264 227
Stock based compensation expense 34 14
Provision for bad debt 1 1
Amortization of operating lease right-of-use assets 252 220
Changes in operating assets and liabilities:    
Accounts receivable (1) (262) (218)
Inventories (624) (417)
Prepaid expenses and other assets 57 (45)
Accounts payable (344) (89)
Accrued compensation 133 (90)
Accrued expenses and interest (1) 160 14
Operating leases liability (245) (200)
Net cash provided by operating activities 906 263
INVESTING ACTIVITIES:    
Investment in equipment and leasehold improvements (113) (50)
Net cash used in investing activities (113) (50)
FINANCING ACTIVITIES:    
Repayment of unsecured notes payable (200) (200)
Proceeds from unsecured notes payable 200 200
Net cash provided by (repaid to) line of credit (71) 103
Repayments of secured notes payable 0 (152)
Repayment of unsecured line of credit (9) (9)
Proceeds from exercise of stock options 2 3
Payments on equipment notes (210) (192)
Principal payments on leases payable (11) (8)
Net cash used in financing activities (299) (255)
Net increase (decrease) in cash and cash equivalents 494 (42)
Cash and cash equivalents at beginning of period 859 977
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,353 935
Non cash item:    
Purchases of equipment with equipment notes 373 326
Finance lease asset obligation in exchange for lease payable 0 23
Cash paid during the period for:    
Interest 261 259
Income taxes $ 0 $ 0