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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,785 $ 100
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,445 1,191
Bad debt expense 141 91
Inventory write-off 76 13
Loss on disposal of property, plant and equipment 1 6
Stock-based compensation expense 832 372
Income on derivative instrument (41) 0
Deferred tax expense 1,284 211
Changes in operating assets and liabilities:    
Accounts receivable (11,767) (367)
Inventory 1,260 (1,034)
Prepaid and other assets 885 (700)
Accounts payable and accrued liabilities 846 692
Contract asset and contract liability 4,721 947
NET CASH PROVIDED BY OPERATING ACTIVITIES 7,468 1,522
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (2,566) (2,500)
Proceeds from sale of property, plant and equipment 0 3
Additions to intangible assets (79) (121)
NET CASH USED IN INVESTING ACTIVITIES (2,645) (2,618)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 625 576
Proceeds from long-term debt 961 1,343
Repayments of long-term debt (545) (387)
Payments on financing lease liabilities (64) 0
Payments of debt issuance costs 0 (50)
NET CASH PROVIDED BY FINANCING ACTIVITIES 977 1,482
NET INCREASE IN CASH 5,800 386
CASH, beginning of period 5,416 4,512
CASH, end of period 11,216 4,898
SUPPLEMENTAL CASH FLOW DISCLOSURES:    
Income taxes paid, net of refunds (210) 90
Interest paid on long-term debt 120 32
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Property, plant and equipment financed through accounts payable (295) 46
Purchase of previously leased property, plant and equipment financed with note payable $ 873 $ 0