XML 31 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows used for operating activities:    
Net loss $ (958) $ (1,285)
Adjustments to reconcile net loss to net cash used for operating activities:    
Deferred income taxes 2 (21)
Doubtful accounts receivable provision 2 10
Depreciation and amortization 409 547
Stock compensation expense 22 51
Amortization of debt costs 136 31
Other   (37)
Changes in assets and liabilities:    
Accounts receivable (1,792) (4,626)
Inventories (9,641) (21,075)
Other assets (1,621) (381)
Inventory deposits 491 6,078
Accounts payable 6,403 7,958
Accrued expenses and restructuring charges (1,444) (196)
Net cash used for operating activities (7,991) (12,946)
Cash flows used for investing activities:    
Purchases of property and equipment (70) (325)
Sales of property and equipment   208
Net cash used for investing activities (70) (117)
Cash flows provided by financing activities:    
Change in cash overdrafts   374
Borrowings under purchase order financing facility 2,742  
Repayments under purchase order financing facility (585)  
Net borrowings under senior credit facility 6,039 12,570
Net cash provided by financing activities 8,196 12,944
Effect of exchange-rate changes on cash and cash equivalents 24 78
Net increase (decrease) in cash and cash equivalents 159 (41)
Cash and cash equivalents beginning of year 518 217
Cash and cash equivalents end of period 677 176
Supplemental disclosure of non-cash financing activities:    
Conversion of accounts payable to subordinated notes payable $ 8,977