XML 19 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
shares in Thousands
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:      
Net income $ 5,761,000 $ 1,608,000 $ 6,106,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,325,000 1,643,000 1,895,000
Loss on disposal of fixed assets 0 0 1,186,000
Stock-based compensation 3,196,000 2,647,000 2,621,000
Amortization of deferred financing fees 11,000 12,000 232,000
Amortization of debt discount 21,000 19,000 183,000
Write-off of capitalized debt transaction costs pursuant to debt refinance 0 0 1,544,000
Write-off of intangible assets 0 350,000 0
Deferred income tax 831,000 (740,000) (2,118,000)
Changes in operating assets and liabilities:      
Accounts receivable (730,000) 160,000 (409,000)
Income tax receivable 462,000 (912,000) 2,179,000
Inventory, net 2,953,000 8,309,000 (15,650,000)
Prepaid expenses and deposits (993,000) 3,318,000 (356,000)
Other long-term assets 109,000 103,000 258,000
Accounts payable (1,024,000) (6,210,000) 3,673,000
Income tax payable (175,000) (3,132,000) 1,481,000
Other accrued expenses 1,935,000 135,000 2,243,000
Other long-term liabilities (426,000) (713,000) 968,000
Net Cash Provided by Operating Activities 13,256,000 6,597,000 6,036,000
Cash Flows from Investing Activities:      
Purchase of equipment (4,649,000) (1,055,000) (562,000)
Net Cash Used in Investing Activities (4,649,000) (1,055,000) (562,000)
Cash Flows from Financing Activities:      
Proceeds from term loan 0 0 10,000,000
Payment of deferred financing fees (60,000) 0 (99,000)
Excess tax benefits from stock-based compensation 0 0 266,000
Repurchase of company stock (1,500,000) 0 0
Payment on term loan (2,000,000) (2,000,000) (22,125,000)
Exercise of options and warrants 61,000 42,000 261,000
Net Cash Used in Financing Activities (3,499,000) (1,958,000) (11,697,000)
Foreign Currency Effect on cash 86,000 (9,000) 201,000
Increase (decrease) in cash and cash equivalents 5,194,000 3,575,000 (6,022,000)
Cash and Cash Equivalents — beginning of period 11,458,000 7,883,000 13,905,000
Cash and Cash Equivalents — end of period 16,652,000 11,458,000 7,883,000
Non Cash Investing and Financing Activities:      
Increase in property and equipment/other long-term liabilities 0 116,000 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid for interest 345,000 438,000 1,342,000
Cash paid for income taxes $ 2,865,000 $ 5,496,000 $ 1,368,000
Common stock shares issued upon cashless warrant exercises 0 53 6
Total cashless exercise price of warrants $ 0 $ 88,000 $ 9,000
Gross warrants underlying cashless exercises 0 63 6