v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net loss $ (2,562,000) $ (1,669,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 251,000 252,000
Stock-based compensation 209,000 347,000
Amortization of debt issuance costs 37,000 41,000
Non-cash lease expense 122,000 160,000
Inventory write downs 6,000 134,000
Changes in operating assets and liabilities:    
Accounts receivable 3,877,000 (297,000)
Inventories 1,499,000 1,501,000
Other assets (260,000) (97,000)
Accounts payable (2,556,000) (58,000)
Accrued expenses 446,000 922,000
Accrued interest 10,000 19,000
Office leases payable (200,000) (175,000)
Deferred revenue 10,000 (152,000)
Customer deposits 16,000
Net cash provided by operating activities 889,000 944,000
Cash flows from investing activities:    
Purchases of equipment (163,000) (198,000)
Net cash used in investing activities (163,000) (198,000)
Cash flows from financing activities:    
Proceeds from issuance of prefunded preferred stock warrants and common stock warrants under Private Placement, net of offering costs of $400,000 3,227,000
Proceeds from employee stock purchase plan purchases 37,000
Proceeds from subordinated debt borrowing 1,000,000
Proceeds from revolving line of credit 16,908,000 13,755,000
Payment of revolving line of credit (20,600,000) (15,548,000)
Cost to amend line of credit agreement (113,000)
Payment of finance leases 69,000 (37,000)
Net cash used in financing activities (472,000) (830,000)
Net change in cash 254,000 (84,000)
Cash, beginning of period 1,334,000 643,000
Cash, end of period 1,588,000 559,000
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Right-of-use asset recognition 66,000
Prefunded preferred stock warrants and common stock warrants issued under Private Placement in exchange for settlement of subordinated debt, including interest accrued 1,173,000
Supplemental Cash Flow Information:    
Interest paid $ 436,000 $ 368,000

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