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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (IN THOUSANDS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Jun. 30, 2016
Cash Flow from Operating Activities          
Net income $ 380 $ 163 $ 1,089 $ 755 $ 1,061
Adjustments to reconcile net income to net cash flow provided by operating activities          
Depreciation and amortization     1,358 1,375  
Stock compensation     16 99  
Issue of restricted shares to consultant     39 0  
Inventory recovery     (5) (69)  
Bad debt recovery, net     (15) (4)  
Accrued interest expense, net accrued interest income     132 141  
Loss / (Gain) on sale of property, plant and equipment - continued operations     8 (53)  
Write-off of property, plant and equipment     30 2  
Impairment loss     0 (1)  
Warranty recovery, net     (6) (40)  
Deferred tax (benefit) / provision     88 (77)  
Changes in operating assets and liabilities, net of acquisition effect          
Trade accounts receivable     491 (1,091)  
Other receivables     286 23  
Other assets     (199) (100)  
Inventories     (729) (204)  
Prepaid expenses and other current assets     (44) (50)  
Accounts payable and accrued liabilities     491 722  
Income tax payable     (17) (82)  
Net Cash Provided by Operating Activities     3,013 1,346  
Cash Flow from Investing Activities          
Proceeds from maturing of unrestricted and restricted term deposits and short-term deposits, net     488 63  
Investments in restricted & un-restricted deposits     (421) 0  
Additions to property, plant and equipment (703) (573) (1,467) (887)  
Proceeds from disposal of plant, property, and equipment     83 210  
Net Cash used in Investing Activities     (1,317) (614)  
Cash Flow from Financing Activities          
Repayments on lines of credit     (6,171) (6,018)  
Proceeds from bank loans and capital leases     5,850 5,919  
Dividends paid to non-controlling interest     (177) (117)  
Repayment of bank loans and capital leases     (547) (516)  
Net Cash Used in Financing Activities     (1,045) (732)  
Effect of Changes in Exchange Rate     (449) (166)  
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS     202 (166)  
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD     3,807 3,711 3,711
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 4,009 $ 3,545 4,009 3,545 $ 3,807
Supplementary Information of Cash Flows          
Cash paid during the period for Interest     132 152  
Cash paid during the period for Income taxes     122 157  
Non-Cash Transactions          
Capital lease of property, plant and equipment     $ 49 $ 183