XML 17 R7.htm IDEA: XBRL DOCUMENT v3.20.4
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 loss $ (4,809) $ (5,305)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 5,247 6,210
Stock-based compensation [1] 714 501
Purchases of investments by consolidated fund (3,320)  
Stock dividends received from GECC (1,418)  
Unrealized (gain) loss on investments (724) 1,809
Non-cash interest and amortization of debt issuance costs 1,858 471
Deferred tax benefit 28 54
Other non-cash expense, net 803 679
Gain on sale of equipment held for rental (146) (385)
Change in fair value of contingent consideration   (1,135)
Changes in operating assets and liabilities:    
Related party receivable (320) 49
Accounts receivable 394 668
Inventories 503 (417)
Prepaid assets, deposits, and other assets (557) (412)
Operating leases (818) (689)
Related party payable   (805)
Deferred revenues (280) 35
Accounts payable, accrued liabilities and other liabilities 1,157 1,818
Net cash (used in) provided by operating activities (1,688) 3,146
Cash flows from investing activities:    
Purchases of investments (75)  
Participation in related party rights offering (8,751)  
Purchases of equipment held for rental (3,060) (3,547)
Proceeds from sale of equipment held for rental 495 1,044
Purchases of property and equipment (57) (526)
Proceeds from sale of property and equipment   37
Net cash used in investing activities (11,448) (2,992)
Cash flows from financing activities:    
Proceeds on revolving line of credit   800
Principal payments on revolving line of credit (3,900) (2,050)
Principal payments on long term debt (1,135) (1,053)
Principal payments on related party notes payable (25,105) (1,315)
Principal payments on equipment financing debt (1,983) (1,246)
Proceeds from equipment financing debt 1,630 1,264
Capitalized issuance costs (1,250)  
Net cash provided by (used in) financing activities 5,599 (3,600)
Net decrease in cash, cash equivalents and restricted cash (7,537) (3,446)
Cash, cash equivalents and restricted cash at beginning of period 41,365 12,830
Cash, cash equivalents and restricted cash at end of period 33,828 9,384
Cash paid for interest 2,231 3,643
Non-cash investing and financing activities    
Lease liabilities and right of use assets arising from operating leases 426 $ 260
Distribution of HC LLC preferred stock to non-controlling interest holders of DME Inc. 1,602  
DME, Inc.    
Cash flows from financing activities:    
Dividends paid to non-controlling interest holders of DME Inc. (368)  
Forest Investments, Inc. (Forest)    
Cash flows from financing activities:    
Issuance of Forest preferred stock 35,010  
Proceeds from sale of Forest common stock, gross $ 2,700  
[1]

Stock-based compensation attributable to the investment management segment is included in investment management expenses in the condensed consolidated statements of operations.  Stock-based compensation attributable to the general corporate segment is included in selling, general and administrative expense in the condensed consolidated statements of operations.