| Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 |
|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||||
Net income | ||||||||||
2,073 | 3,588 | 1,549 | -215 | 1,625 | 4,586 | -885 | -984 | 2,207 | 5,752 | 3,428 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
383 | 386 | 338 | 295 | 306 | 334 | 319 | 317 | 310 | 300 | 287 |
Stock-based compensation expense | ||||||||||
0 | 193 | 0 | 193 | 0 | 193 | 3,205 | 0 | 0 | 0 | 116 |
Changes in operating assets: | ||||||||||
Accounts receivable | ||||||||||
-4,303 | 902 | 9,383 | -9,118 | -2,546 | 2,449 | 7,986 | -1,510 | -6,087 | -5,211 | 15,282 |
Accounts receivable- related party | ||||||||||
0 | 0 | 0 | -0 | -0 | -0 | -50 | -40 | -6,009 | 5,434 | -1,677 |
Inventories | ||||||||||
1,081 | -7,420 | -602 | 8,951 | 3,377 | -11,263 | -295 | 13,570 | 1,316 | -10,169 | -3,566 |
Prepaid expenses and other current assets | ||||||||||
-814 | 1,042 | 285 | 1,151 | 413 | -82 | -78 | 566 | -118 | -65 | 88 |
Advance to suppliers | ||||||||||
4,280 | -1,121 | 1,345 | 379 | -8 | -2,895 | 1,839 | -2,476 | 3,604 | 0 | 0 |
Right of use assets | ||||||||||
1,377 | -4 | -110 | - | 0 | 0 | 0 | - | - | - | - |
Changes in operating liabilities: | ||||||||||
Accounts payable | ||||||||||
2,817 | -607 | -913 | -1,214 | 2,876 | 580 | -3,642 | 3,304 | -860 | -9,933 | 2,017 |
Accrued expenses | ||||||||||
-100 | 354 | 274 | 244 | 182 | 364 | -428 | 641 | 73 | -54 | 51 |
Other payables | ||||||||||
-115 | 85 | 367 | - | -108 | -168 | 355 | - | - | - | - |
Operating lease liabilities | ||||||||||
921 | 52 | -50 | - | 0 | 0 | 0 | - | - | - | - |
Other payables | ||||||||||
- | - | - | - | - | - | - | -83 | -58 | -118 | -21 |
Income tax payable | ||||||||||
255 | -888 | 335 | 91 | -578 | 1,288 | 366 | 1,400 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||||
4,613 | 9,765 | -8,399 | -2,151 | 3,067 | 18,970 | -10,112 | -5,514 | 8,967 | 5,955 | -4,245 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||||
Purchases of property, plant and equipment | ||||||||||
699 | 1,679 | 1,374 | 66 | 7 | 234 | 481 | 147 | 58 | 486 | 184 |
Due from related party | ||||||||||
- | - | - | - | - | - | - | 0 | 0 | 0 | 336 |
Net cash used in investing activities | ||||||||||
-699 | -1,679 | -1,374 | -496 | -387 | -234 | -481 | -147 | -58 | -486 | 151 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||||
Dividend distribution | ||||||||||
566 | 566 | 566 | 566 | 566 | 0 | 0 | - | - | - | - |
(Repayment) Proceeds from short-term loan | ||||||||||
- | - | -580 | - | - | - | 6,075 | - | - | - | - |
Proceeds from short-term loan | ||||||||||
- | - | - | - | - | - | - | 32 | 598 | 350 | 0 |
Due from shareholders | ||||||||||
- | - | - | - | - | - | - | 0 | 0 | 0 | 692 |
Change in restricted cash | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Net proceeds from Common stock | ||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 8,930 | 0 | 0 | -1,211 | 1,211 |
Warrants issued to the underwriter | ||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - |
Net cash (used in) provided by financing activities | ||||||||||
-541 | -618 | -1,146 | 61 | -2,699 | -4,902 | 15,006 | 32 | 598 | 911 | 1,904 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH | ||||||||||
0 | 8 | 4 | 29 | -49 | 24 | -6 | 7 | -17 | 11 | -6 |
NET (DECREASE)/ INCREASE IN CASH AND RESTRICTED CASH | ||||||||||
3,373 | 7,475 | -10,915 | -2,557 | -69 | 13,858 | 4,406 | - | - | - | - |
NET INCREASE (DECREASE) IN CASH | ||||||||||
- | - | - | - | - | - | - | - | - | - | -2,195 |
Supplemental disclosure information: | ||||||||||
Cash paid for interest | ||||||||||
0 | 0 | 5 | - | 5 | 42 | 42 | - | - | - | - |
Non-cash financing activities | ||||||||||
Warrants issued to underwriters in connection with the IPO | ||||||||||
0 | 0 | 0 | - | 0 | 0 | 160 | - | - | - | - |
Prepaid stock issuance cost netted with proceeds from the IPO | ||||||||||
0 | 0 | 0 | - | 0 | 0 | 308 | - | - | - | - |
Right of use assets obtained in exchange for operating lease obligations | ||||||||||
105 | 0 | 1,292 | - | 0 | 0 | 0 | - | - | - | - |
Warrants issued to underwriters in connection with the IPO in fiscal 2019 and placement agent in connection with the private placement in fiscal 2018 | ||||||||||
- | - | - | - | - | - | - | 0 | 0 | 54 | 107 |
Prepaid stock issuance cost netted with proceeds from the IPO in fiscal 2019 and the private placement in fiscal 2018 | ||||||||||
- | - | - | - | - | - | - | 0 | 0 | 0 | 239 |