XML 18 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net income $ 518 $ 580
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 985 811
Amortization of debt discount 14 14
Provision for bad debt expense 96 52
Non-cash lease expense 29 19
Share-based compensation 578 453
Inventory reserve (26) 53
Provision for deferred income taxes (760) 17
Other 60
(Increase) decrease in operating assets:    
Accounts receivable 530 4,804
Inventories (585) (1,892)
Vendor deposits 1,049 (283)
Contract assets (5,211) 2,156
Other assets (1,667) (538)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses 3,229 (4,301)
Accrued employee expenses (208) (1,069)
Customer deposits 2,847 1,415
Contract liabilities 2,841 (458)
Net cash provided by operating activities 4,319 1,833
Investing activities:    
Capital expenditures (997) (1,286)
Cash paid for acquisitions, net of cash acquired (324)
Net cash used by investing activities (997) (1,610)
Financing activities:    
Proceeds from borrowings 12,000 2,000
Debt repayments (20,000) (2,000)
Net cash used by financing activities (8,000)
Net (decrease) increase in cash (4,678) 223
Cash at beginning of period 9,789 5,038
Cash at end of period 5,111 5,261
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 137 457
Cash paid during the period for income taxes 453 179
Supplemental disclosure of non-cash financing activities:    
Common stock issued for acquisitions $ 1,294