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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
9 Months Ended
Mar. 31, 2022
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES  
Net income $ 12,062,000
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization 1,320,000
Unrealized Loss on marketable securities 226,000
Change to inventory obsolescence reserve 331,000
Deferred income taxes (11,000)
Stock based compensation expense 1,379,000
Changes in operating assets and liabilities:  
Accounts receivable 3,872,000
Inventories (11,309,000)
Prepaid expenses and other current assets (318,000)
Other assets (127,000)
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes 4,892,000
Net Cash Provided by Operating Activities 8,413,000
CASH FLOWS FROM INVESTING ACTIVITIES  
Purchases of property, plant, and equipment (1,189,000)
Purchases of marketable securities (58,000)
Net Cash Used in Investing Activities (1,247,000)
CASH FLOWS FROM FINANCING ACTIVITIES  
Proceeds from stock option exercises 155,000
Net Cash Provided by Financing Activities 155,000
Net increase in Cash and Cash Equivalents 7,321,000
CASH AND CASH EQUIVALENTS - Beginning 34,806,000
CASH AND CASH EQUIVALENTS - Ending 42,127,000
SUPPLEMENTAL CASH FLOW INFORMATION  
Interest paid 12,000
Income taxes paid $ 2,154,000