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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net loss $ (4,802) $ (3,439)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 202 214
Net recognized loss on securities 0 91
Investment basis adjustment (49) (19)
Gain on disposal of Galileo (151) 0
Net (income) loss from equity method investment 142 (23)
Net loss from discontinued operations, net of tax 338 147
Foreign currency transaction loss 228 22
Provision for deferred taxes (139) (966)
Stock bonuses 102 4
Stock-based compensation expense 0 2
Changes in operating assets and liabilities:    
Accounts receivable and notes receivable (665) 805
Prepaid expenses and other assets (113) (28)
Investment securities 4,008 2,571
Accounts payable and accrued expenses 659 (456)
Total adjustments 4,562 2,364
Net cash used in operating activities (240) (1,075)
Cash Flows from Investing Activities:    
Purchase of investments in securities at fair value, non-current 0 (1,588)
Purchase of equity method investment 0 (230)
Purchase of other investments (125) (250)
Proceeds from sale of Galileo 746 0
Proceeds on sale of equity method investment 0 230
Proceeds from note receivable 199 35
Return of capital on investments 10 77
Net cash provided by (used in) investing activities 830 (1,726)
Cash Flows from Financing Activities:    
Proceeds from loan 442 0
Issuance of common stock 3 4
Repurchases of common stock (113) (24)
Dividends paid (452) (454)
Net cash used in financing activities (120) (474)
Net increase (decrease) in cash, cash equivalents, and restricted cash 470 (3,275)
Beginning cash, cash equivalents, and restricted cash 2,491 5,766
Ending cash, cash equivalents, and restricted cash 2,961 2,491
Supplemental Disclosures of Cash Flow Information    
Cash paid for income taxes $ 3 $ 124