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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES:    
Net income $ 1,199 $ 604
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 354 306
Stock-based compensation expense 46 24
Provision for bad debt 1 22
Provision for slow moving or obsolete inventory 76 3
Change in deferred tax assets (10) 0
Amortization of operating lease asset 342 298
Change in operating assets and liabilities:    
Accounts receivable 54 5
Inventory (460) (430)
Prepaid expenses and other assets 81 (34)
Accounts payable (566) 12
Accrued expenses and interest (77) 17
Operating lease liability (337) (274)
Accrued payroll and related (42) (166)
Net cash provided by operating activities 661 387
INVESTING ACTIVITIES:    
Investment in equipment, software and leasehold improvements (115) (52)
Net cash used in investing activities (115) (52)
FINANCING ACTIVITIES:    
Borrowing (repayment) under revolving line of credit (31) (13)
Repayment of unsecured line of credit (12) (12)
Repayments under secured note payable 0 (152)
Proceeds from unsecured notes payable 200 200
Repayment of unsecured notes payable (200) (200)
Payments on equipment notes (308) (268)
Proceeds from exercise of stock options 2 3
Principal payments on capital leases (15) (11)
Net cash used in financing activities (364) (453)
Net increase (decrease) in cash and cash equivalents 182 (118)
Cash and cash equivalents at beginning of year 859 977
Cash and cash equivalents at end of year 1,041 859
Non cash items:    
Purchases of equipment with equipment notes 414 346
Finance lease asset obligation in exchange for lease payable   2
Finance lease asset obligation in exchange for lease payable 0 23
Cash paid during the year for:    
Interest 350 338
Income taxes $ 0 $ 0