XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 10,478,000 $ 3,084,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 537,000 457,000
Gain on disposal of fixed asset   (15,000)
Interest income on other investments 76,000 (8,000)
Unrealized loss (gain) on marketable securities 57,000 153,000
(Recovery) reserve of credit losses (24,000) (27,000)
Change to inventory reserve 822,000 (252,000)
Deferred income taxes (80,000) (417,000)
Stock based compensation expense 307,000 477,000
Changes in operating assets and liabilities:    
Accounts receivable 3,172,000 7,903,000
Inventories (6,620,000) (10,197,000)
Prepaid expenses and other current assets 330,000 (2,000)
Income tax receivable (130,000) (662,000)
Other assets 17,000 (27,000)
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes 2,267,000 (2,432,000)
Net Cash Provided by (Used in) Operating Activities 11,209,000 (1,965,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (256,000) (372,000)
Proceeds from disposal of fixed asset   38,000
Purchases of marketable securities (42,000) (10,028,000)
Purchases of other investments (347,000)  
Net Cash Used in Investing Activities (645,000) (10,362,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises   45,000
Cash paid for dividend (2,942,000)  
Net Cash (Used in) Provided by Financing Activities (2,942,000) 45,000
Net increase (decrease) in Cash and Cash Equivalents 7,622,000 (12,282,000)
CASH AND CASH EQUIVALENTS - Beginning 35,955,000 41,730,000
CASH AND CASH EQUIVALENTS - Ending 43,577,000 29,448,000
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid   4,000
Income taxes paid $ 1,703,000 $ 3,398,000