Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (1,669,000) $ (2,188,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 252,000 261,000
Stock-based compensation 347,000 276,000
Amortization of debt issuance costs 41,000 81,000
Non-cash lease expense 160,000 146,000
Inventory write downs 134,000 113,000
Accounts receivable (297,000) (2,040,000)
Inventories 1,501,000 (546,000)
Other assets (97,000) (215,000)
Accounts payable (58,000) 330,000
Accrued expenses 922,000 601,000
Accrued interest 19,000 100,000
Office leases payable (175,000) (152,000)
Deferred revenue (152,000) 205,000
Customer deposits 16,000 (65,000)
Net cash provided by (used in) operating activities 944,000 (3,093,000)
Cash flows from investing activities:    
Purchases of equipment (198,000) (181,000)
Net cash used in investing activities (198,000) (181,000)
Cash flows from financing activities:    
Proceeds from subordinated debt borrowing 1,000,000
Proceeds from revolving line of credit 13,755,000 18,055,000
Payment of revolving line of credit (15,548,000) (15,981,000)
Payment of finance leases (37,000) (40,000)
Net cash provided by (used in) financing activities (830,000) 2,034,000
Net change in cash (84,000) (1,240,000)
Cash, beginning of period 643,000 2,379,000
Cash, end of period 559,000 1,139,000
Supplemental cash flow information:    
Interest paid $ 368,000 $ 223,000