v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net income $ 3,231 $ 1,282
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,550 1,546
Amortization of debt discount 9 9
Provision for bad debt expense 352 124
Non-cash lease expense 22 (16)
Stock compensation 1,067 1,856
Inventory reserve 251 174
Provision (benefit) for deferred income taxes 35 (30)
Other (105) 25
(Increase) decrease in operating assets:    
Accounts receivable (4,894) 500
Inventories (1,538) 1,772
Vendor deposits (491) (170)
Contract assets 860 (898)
Other assets (3,213) 969
(Decrease) increase in operating liabilities:    
Accounts payable and accrued expenses 4,461 (7,191)
Accrued employee expenses 134 734
Customer deposits (1,747) 977
Contract liabilities 223 (123)
Net cash provided by operating activities 207 1,540
Investing activities:    
Capital expenditures (1,253) (971)
Cash paid for acquisitions, net of cash acquired (5,885) (987)
Net cash used by investing activities (7,138) (1,958)
Financing activities:    
Proceeds from long-term debt 19,000 19,000
Debt repayments (12,000) (20,000)
Repurchases of common stock in satisfaction of employee tax withholding obligations (254) (314)
Net cash provided (used) by financing activities 6,746 (1,314)
Net decrease in cash (185) (1,732)
Cash at beginning of period 4,558 5,921
Cash at end of period 4,373 4,189
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 413 767
Cash paid during the period for income taxes 3,171
Supplemental disclosures of non-cash financing activities:    
Issuances of common stock for acquisitions 229
Dividends payable $ 4,593

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