XML 71 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (IN THOUSANDS) - USD ($)
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flow from Operating Activities    
Net income $ 1,128,000 $ 312,000
Adjustments to reconcile net income to net cash flow provided by operating activities    
Gain on sale of asset held for sale (1,172,000) 0
Gain on sale of property, plant and equipment (24,000) 0
Depreciation and amortization 1,576,000 1,145,000
Stock compensation 14,000 9,000
Reversal of provision for obsolete inventory (5,000) 0
Reversal of income tax provision 0 (145,000)
Repayment of operating leases (359,000) 0
Repayment of interest portion of finance leases (24,000) (24,000)
Bad debt expenses (recovery) 45,000 (2,000)
Accrued interest expense, net accrued interest income (20,000) 26,000
Warranty recovery, net 0 (22,000)
Deferred tax (provision) / benefit (47,000) 29,000
Changes in operating assets and liabilities, net of acquisition effect    
Trade accounts receivable 132,000 753,000
Other receivables 65,000 (110,000)
Other assets 97,000 428,000
Inventories 247,000 294,000
Prepaid expenses and other current assets (43,000) (71,000)
Accounts payable and accrued liabilities (6,000) (287,000)
Income tax payable (31,000) (84,000)
Net Cash Provided by Operating Activities 1,573,000 2,251,000
Cash Flow from Investing Activities    
Proceeds from disposal of plant, property and equipment 39,000 3,000
Proceeds from sale of asset held for sale 1,261,000 0
Investment in unrestricted term deposits, net (2,672,000) (1,461,000)
Additions to property, plant and equipment (744,000) (2,297,000)
Net Cash Used in Investing Activities (2,116,000) (3,755,000)
Cash Flow from Financing Activities    
Repayments on lines of credit (729,000) (5,908,000)
Repayment of bank loans (245,000) (265,000)
Repayment of principal portion of finance leases (127,000) (121,000)
Dividends paid to non-controlling interest (120,000) (122,000)
Proceeds from exercising of stock option 0 401,000
Proceeds from lines of credit 1,337,000 5,962,000
Proceeds from bank loans 0 1,475,000
Proceeds from finance leases 279,000 0
Net Cash Generated from Financing Activities 395,000 1,422,000
Effect of Changes in Exchange Rate 38,000 (272,000)
Net (decrease)/increase in cash, cash equivalents, and restricted cash (110,000) (354,000)
Cash, cash equivalents, and restricted cash at beginning of period 6,569,000 8,234,000
Cash, cash equivalents, and restricted cash at end of period 6,459,000 7,880,000
Supplementary Information of Cash Flows    
Interest 124,000 150,000
Income taxes 109,000 104,000
Non-Cash Transactions    
Finance lease of property, plant and equipment 279,000 0
Reconciliation of Cash, cash equivalents, and restricted cash    
Cash 4,743,000 6,192,000
Short-term deposits 6,888,000 2,121,000
Restricted term-deposits in non-current assets 1,716,000 1,688,000
Total Cash, cash equivalents, and restricted cash shown in statement of cash flows $ 13,347,000 $ 10,001,000