XML 17 R8.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net income (loss) $ (3,529) $ 1,055
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 171 183
Net recognized loss on securities 98 660
Investment basis adjustment (19) (118)
Net (income) loss from equity method investment 52 (1,804)
Foreign currency transaction (gain) loss 22 (39)
Provision for deferred taxes (547) 76
Stock bonuses 3 17
Stock-based compensation expense 2 0
Changes in operating assets and liabilities:    
Accounts receivable and notes receivable 721 (275)
Prepaid expenses and other assets (10) 0
Investment securities 2,902 1,837
Accounts payable and accrued expenses (580) 328
Total adjustments 2,815 865
Net cash provided by (used in) operating activities (714) 1,920
Cash Flows from Investing Activities:    
Purchase of investments in securities at fair value, non-current (1,588) (2,420)
Purchase of equity method investment (230) (826)
Purchase of other investments (100) 0
Proceeds on sale of available-for-sale securities 0 401
Proceeds on sale of equity method investment 230 1,462
Proceeds from note receivable 18 0
Return of capital on investments 68 32
Net cash used in investing activities (1,602) (1,351)
Cash Flows from Financing Activities:    
Issuance of common stock 3 5
Repurchases of common stock (24) (139)
Dividends paid (341) (341)
Net cash used in financing activities (362) (475)
Effects of foreign currency translation (27) 5
Net increase (decrease) in cash, cash equivalents, and restricted cash (2,705) 99
Beginning cash, cash equivalents, and restricted cash 7,364 4,958
Ending cash, cash equivalents, and restricted cash 4,659 5,057
Supplemental Disclosures of Cash Flow Information    
Cash paid for income taxes 119 0
Reinvestment of capital distribution from equity method investment $ 0 $ 32