v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (3,556,000) $ (3,084,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 502,000 523,000
Stock-based compensation 625,000 670,000
Amortization of debt issuance costs 83,000 134,000
Non-cash lease expense 325,000 296,000
Inventory write downs 406,000 233,000
Changes in operating assets and liabilities:    
Accounts receivable 1,189,000 (3,926,000)
Inventories 1,248,000 371,000
Other assets 24,000 (65,000)
Accounts payable 1,761,000 489,000
Accrued expenses 1,160,000 169,000
Accrued interest 44,000 128,000
Office leases payable (357,000) (312,000)
Deferred revenue 168,000 179,000
Customer deposits 152,000 150,000
Net cash provided by (used in) operating activities 3,774,000 (4,045,000)
Cash flows from investing activities:    
Purchases of equipment (317,000) (338,000)
Net cash used in investing activities (317,000) (338,000)
Cash flows from financing activities:    
Proceeds from subordinated debt borrowing 1,000,000
Proceeds from revolving line of credit 30,051,000 35,868,000
Payment of revolving line of credit (34,192,000) (32,205,000)
Payment of finance leases (76,000) (75,000)
Net cash provided by (used in) financing activities (3,217,000) 3,588,000
Net change in cash 240,000 (795,000)
Cash, beginning of period 643,000 2,379,000
Cash, end of period 883,000 1,584,000
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Warrants issued in connection with borrowing agreement, recorded as debt issuance cost 92,000
Supplemental cash flow information:    
Interest paid $ 684,000 $ 605,000

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