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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 6,402,000 $ 7,752,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 457,000 438,000
Gain on disposal of fixed asset (15,000)  
Interest (income) on other investments (8,000)  
Unrealized loss (gain) on marketable securities 153,000 (3,000)
Provision for (recovery of) doubtful accounts (27,000)  
Change to inventory reserve 71,000  
Deferred income taxes (417,000) 21,000
Stock based compensation expense 477,000 89,000
Gain on extinguishment of debt   (3,904,000)
Changes in operating assets and liabilities:    
Accounts receivable 7,903,000 2,738,000
Inventories (14,121,000) (1,824,000)
Prepaid expenses and other current assets (2,000) 540,000
Income tax receivable (379,000)  
Other assets (27,000) (89,000)
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes (2,432,000) (2,295,000)
Net Cash (Used in) Provided by Operating Activities (1,965,000) 3,463,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (372,000) (522,000)
Proceeds from disposal of fixed asset 38,000  
Purchases of marketable securities and other investments (10,028,000) (19,000)
Net Cash Used in Investing Activities (10,362,000) (541,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 45,000 16,000
Net Cash Provided by Financing Activities 45,000 16,000
Net (decrease) increase in Cash and Cash Equivalents (12,282,000) 2,938,000
CASH AND CASH EQUIVALENTS - Beginning 41,730,000 34,806,000
CASH AND CASH EQUIVALENTS - Ending 29,448,000 37,744,000
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 4,000 4,000
Income taxes paid $ 3,398,000 $ 2,169,000