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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net income $ 1,282 $ 2,847
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 1,546 1,446
Amortization of debt discount 9 3
Provision for bad debt expense 124 103
Non-cash lease expense (16) (14)
Stock compensation 1,856 680
Inventory reserve 174 (136)
(Benefit) provision for deferred income taxes (30) 132
Other 25 (36)
(Increase) decrease in operating assets:    
Accounts receivable 500 (1,239)
Inventories 1,772 (4,162)
Vendor deposits (170) (101)
Contract assets (898) (3,849)
Other assets 969 (609)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses (7,191) 113
Accrued employee expenses 734 776
Customer deposits 977 (1,652)
Contract liabilities (123) (507)
Net cash provided (used) by operating activities 1,540 (6,205)
Investing activities:    
Capital expenditures (971) (771)
Cash paid for acquisitions, net of cash acquired (987) (1,224)
Net cash used by investing activities (1,958) (1,995)
Financing activities:    
Proceeds from long-term debt 19,000 15,000
Debt repayments (20,000) (7,000)
Repurchases of common stock in satisfaction of employee tax withholding obligations (314)
Net cash (used) provided by financing activities (1,314) 8,000
Net decrease in cash (1,732) (200)
Cash at beginning of period 5,921 3,974
Cash at end of period 4,189 3,774
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 767 371
Cash paid during the period for income taxes 3,171 794
Supplemental disclosures of non-cash financing activities:    
Issuances of common stock for acquisitions $ 229