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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 935 $ 1,656
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 923 803
Bad debt expense 100 49
Inventory write-off 24 13
Loss on disposal of property, plant and equipment 1 0
Stock-based compensation expense 302 225
Income on derivative instrument (15) 0
Deferred tax expense 244 89
Changes in operating assets and liabilities:    
Accounts receivable (1,597) (3,067)
Inventory 355 640
Prepaid and other assets 488 (213)
Accounts payable and accrued liabilities 160 614
Contract asset and contract liability 1,050 960
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,970 1,769
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (2,023) (1,236)
Additions to intangible assets (62) (65)
NET CASH USED IN INVESTING ACTIVITIES (2,085) (1,301)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 311 58
Proceeds from long-term debt 961 598
Repayments of long-term debt (347) (258)
Payments of debt issuance costs 0 (50)
NET CASH PROVIDED BY FINANCING ACTIVITIES 925 348
NET INCREASE IN CASH 1,810 816
CASH, beginning of period 5,416 4,512
CASH, end of period 7,226 5,328
SUPPLEMENTAL CASH FLOW DISCLOSURES:    
Income taxes paid, net of refunds (261) 62
Interest paid on long-term debt 80 42
NON-CASH INVESTING ACTIVITIES:    
Property, plant and equipment financed through accounts payable $ (263) $ (18)