Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 12 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Jun. 30, 2026
Cash flows from operating activities:      
Net loss $ (3,170,000) $ (2,562,000) $ (7,400,000)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 220,000 251,000  
Stock-based compensation 174,000 209,000  
Amortization of debt issuance costs 20,000 37,000  
Allowance for credit losses 20,000 (1,000)  
Non-cash lease expense 244,000 122,000  
Inventory write downs 199,000 6,000  
Changes in operating assets and liabilities:      
Accounts receivable 400,000 3,878,000  
Inventories 119,000 1,499,000  
Other assets (183,000) (260,000)  
Accounts payable 2,785,000 (2,556,000)  
Accrued expenses (124,000) 446,000  
Accrued interest (9,000) 10,000  
Office leases payable (239,000) (200,000)  
Deferred revenue (34,000) 10,000  
Customer deposits 1,000  
Net cash provided by operating activities 423,000 889,000 5,900,000
Cash flows from investing activities:      
Purchases of equipment and development of intangible assets (122,000) (163,000)  
Net cash used in investing activities (122,000) (163,000)  
Cash flows from financing activities:      
Proceeds from issuance of preferred and common stock warrants under Private Placement 3,827,000  
Offering costs for issuance of preferred and common stock warrants (600,000)  
Proceeds from issuance of common stock under Public Offering 37,000  
Offering costs for issuance of common stock under the CEF (113,000)  
Proceeds from stock option exercises and employee stock purchase plan purchases 7,000  
Proceeds from revolving line of credit 7,167,000 16,908,000  
Payment of revolving line of credit (7,185,000) (20,600,000)  
Cost to amend line of credit agreement (45,000) (113,000)  
Payment of finance leases (28,000) 69,000  
Net cash used in financing activities (197,000) (472,000)  
Net change in cash 104,000 254,000  
Cash, beginning of period 305,000 1,334,000 1,334,000
Cash, end of period 409,000 1,588,000 $ 305,000
Supplemental Disclosures of Non-Cash Investing and Financing Activities:      
Right-of-use asset recognition 1,532,000 66,000  
Preferred and common stock warrants issued under Private Placement in exchange for settlement of subordinated debt, including interest accrued 1,173,000  
Common stock issued for vested RSUs 39,000  
Cash paid for income taxes, net of refunds, by jurisdiction is as follows:      
State (California) 800  
Interest paid $ 192,000 $ 436,000