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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 16,562,000 $ 12,062,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,398,000 1,320,000
Gain on disposal of fixed asset (15,000)  
Interest income on other investments (177,000)  
Unrealized loss (gain) on marketable securities 23,000 226,000
Recovery of credit losses (118,000)  
Change to inventory reserve (85,000) 331,000
Deferred income taxes (1,400,000) (11,000)
Stock based compensation expense 1,134,000 1,379,000
Gain on extinguishment of debt   (3,904,000)
Changes in operating assets and liabilities:    
Accounts receivable 5,166,000 3,872,000
Inventories (813,000) (11,309,000)
Prepaid expenses and other current assets 228,000 (318,000)
Income tax receivable (688,000)  
Other assets 48,000 (127,000)
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes (8,847,000) 4,892,000
Net Cash Provided by (Used in) Operating Activities 12,416,000 8,413,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (2,547,000) (1,189,000)
Proceeds from disposal of fixed asset 38,000  
Purchases of marketable securities (110,000) (58,000)
Purchases of other investments (30,185,000)  
Redemption of other investments 10,091,000  
Net Cash Used in Investing Activities (22,713,000) (1,247,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 82,000 155,000
Net Cash Provided by Financing Activities 82,000 155,000
Net (decrease) increase in Cash and Cash Equivalents (10,215,000) 7,321,000
CASH AND CASH EQUIVALENTS - Beginning 41,730,000 34,806,000
CASH AND CASH EQUIVALENTS - Ending 31,515,000 42,127,000
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 12,000 12,000
Income taxes paid $ 6,421,000 $ 2,154,000