v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 8,978 $ 2,127
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,239 1,160
Unrealized (gain) loss on marketable equity investments (1,521) 4,125
Gain on sale of investments (595)
Non-cash straight-line lease amortization (33) (17)
Amortization of loan fees, net 9 12
Share-based compensation 555 605
Deferred income taxes 140 (1,563)
Changes in operating assets and liabilities:    
Accounts receivable (2,546) (3,935)
Deferred costs 238 232
Inventory (6,944) 898
Prepaid expenses and other assets (67) (49)
Accounts payable and accrued expenses 179 2,436
Deferred revenue 188 14
Income taxes (1,502) 179
Net cash provided by (used in) operating activities (1,682) 6,224
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of equipment and improvements (1,246) (983)
Proceeds from sale of investments 1,907
Investment in Monogram (899) (1,250)
Net cash used in investing activities (238) (2,233)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on notes payable (11,528) (4,841)
Borrowing from Minnesota Bank & Trust 15,003 4,000
Repurchases of common stock (3,504) (3,505)
Payments of employee taxes on net issuance of common stock (305)
Proceeds from exercise of stock options and ESPP contributions 42 50
Net cash used in financing activities (292) (4,296)
Net decrease in cash and cash equivalents (2,212) (305)
Cash and cash equivalents, beginning of year 2,631 2,936
Cash and cash equivalents, end of year 419 2,631
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 818 555
Cash paid during the period for income taxes by jurisdiction:    
Federal income tax payments 3,030 1,515
California income tax payments 1,427 334
Colorado income tax payments 8
Massachusetts income tax payments 34
Total income tax payments 4,457 1,891
Non-cash investing and financing activity:    
Cashless stock option exercise $ 117