| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 |
|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||||
Net income | ||||||||
7,429 | 5,761 | 1,608 | 6,106 | 7,125 | 11,383 | 7,608 | 12,469 | -50,792 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation and amortization | ||||||||
1,895 | 1,325 | 1,643 | 1,895 | 2,285 | 2,118 | 1,659 | 521 | 215 |
Loss on disposal of fixed assets | ||||||||
- | - | - | -1,186 | 0 | 0 | - | -37 | - |
Loss on disposal of equipment | ||||||||
- | - | - | - | - | - | - | - | 0 |
Stock-based compensation | ||||||||
5,525 | 3,196 | 2,647 | 2,621 | 1,806 | 2,953 | 2,169 | 1,323 | 767 |
Non-cash interest expense from convertible debentures | ||||||||
- | - | - | - | - | - | - | - | 4,747 |
Amortization of deferred financing fees | ||||||||
6 | 11 | 12 | 232 | 255 | 159 | 0 | 0 | 845 |
Amortization of debt discount | ||||||||
36 | 21 | 19 | 183 | 198 | 122 | 0 | 0 | - |
Write-off of capitalized debt transaction costs pursuant to debt refinance | ||||||||
- | - | - | 1,544 | 0 | 0 | - | - | - |
Write-off of intangible assets | ||||||||
0 | 0 | -350 | 0 | 0 | - | - | - | - |
Deferred income tax | ||||||||
- | - | - | - | - | - | - | -2,723 | 0 |
Impairment of inventory | ||||||||
- | - | - | - | - | - | 3,923 | 0 | 0 |
Deferred income tax | ||||||||
563 | 831 | -740 | -2,118 | -796 | 2,172 | -892 | - | - |
Change in fair value of derivative liabilities | ||||||||
- | - | - | - | - | - | - | -6,741 | -48,454 |
Changes in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
-14 | 730 | -160 | 409 | -149 | 2,044 | 3,653 | -609 | 540 |
Income tax receivable | ||||||||
785 | -462 | 912 | -2,179 | -2,502 | - | - | - | - |
Inventory, net | ||||||||
64 | -2,953 | -8,309 | 15,650 | 936 | -1,646 | 3,356 | 9,228 | 1,631 |
Prepaid expenses and other | ||||||||
-1,029 | 993 | -3,318 | 356 | -1,269 | 2,318 | 1,065 | 762 | 334 |
Other long-term assets | ||||||||
-7 | -109 | -103 | -258 | -826 | 1,045 | 1,168 | 310 | - |
(Increase) in long-term deposits | ||||||||
- | - | - | - | - | - | - | - | 4 |
Accounts payable | ||||||||
1,369 | -1,024 | -6,210 | 3,673 | -171 | -2,384 | 1,593 | 2,936 | 28 |
Income tax payable | ||||||||
552 | -175 | -3,132 | 1,481 | 966 | - | - | - | - |
Increase/(decrease) in customer deposits | ||||||||
- | - | - | - | - | - | - | - | -1 |
Other accrued expenses | ||||||||
545 | 1,935 | 135 | 2,243 | -2,170 | -537 | 3,403 | 7,581 | 2,933 |
Other long-term liabilities | ||||||||
-332 | -426 | -713 | 968 | -87 | -120 | 441 | 195 | - |
Increase/(decrease) in other long-term liabilities | ||||||||
- | - | - | - | - | - | - | - | -6 |
Net Cash Provided by Operating Activities | ||||||||
17,789 | 13,256 | 6,597 | 6,036 | 13,221 | 12,105 | 10,662 | 19,389 | 4,681 |
Cash Flows from Investing Activities: | ||||||||
Investments in convertible note receivable | ||||||||
2,000 | 0 | 0 | - | - | - | - | - | - |
Redemption of marketable securities | ||||||||
- | - | - | - | - | - | - | 350 | 75 |
Purchase of equipment | ||||||||
2,506 | 4,649 | 1,055 | 562 | 1,159 | 1,898 | 5,080 | 2,194 | 122 |
Purchase of intangible assets | ||||||||
- | - | - | - | - | 350 | 0 | 52 | 42 |
Net Cash Used in Investing Activities | ||||||||
-4,506 | -4,649 | -1,055 | -562 | -1,159 | -2,248 | -5,080 | -1,896 | -89 |
Cash Flows from Financing Activities: | ||||||||
Proceeds from term loan | ||||||||
- | - | - | 10,000 | 0 | 45,825 | 0 | 0 | - |
Payment of deferred financing fees | ||||||||
0 | 60 | 0 | 99 | 0 | 1,511 | 0 | 0 | - |
Net payments on revolving line of credit and accrued interest | ||||||||
- | - | - | - | - | - | - | -434 | 0 |
Excess tax benefits from stock-based compensation | ||||||||
- | - | - | 266 | 128 | 655 | 1,406 | 388 | 0 |
Repurchase of company stock | ||||||||
4,700 | 1,500 | 0 | 0 | 9,850 | 46,171 | 7,123 | 976 | 0 |
Payment on term loan | ||||||||
4,000 | 2,000 | 2,000 | 22,125 | 9,200 | 16,175 | 0 | 0 | - |
Shares purchased as payment of tax withholding | ||||||||
3,167 | 0 | 0 | - | - | - | - | - | - |
Exercise of options and warrants | ||||||||
- | - | - | - | - | - | - | - | 169 |
Exercise of options and warrants | ||||||||
701 | 61 | 42 | 261 | 468 | 1,573 | 1,694 | 1,768 | - |
Net Cash Used in Financing Activities | ||||||||
-11,121 | -3,499 | -1,958 | -11,697 | -18,454 | -15,804 | -4,023 | 746 | 169 |
Foreign Currency Effect on Cash | ||||||||
10 | 86 | -9 | - | - | - | - | - | - |
Decrease in Cash and Cash Equivalents: | ||||||||
2,172 | 5,194 | 3,575 | - | - | - | - | - | - |
Foreign Currency Effect on Cash | ||||||||
- | - | - | 201 | -90 | 35 | 92 | 38 | -28 |
Increase in Cash and Cash Equivalents: | ||||||||
- | - | - | -6,022 | -6,482 | -5,912 | 1,651 | 18,277 | 4,733 |
Conversion of debt to common stock | ||||||||
- | - | - | - | - | - | - | - | 5,570 |
Conversion of derivative to common stock | ||||||||
- | - | - | - | - | - | - | - | 26,749 |
Exercise of warrant liabilities | ||||||||
- | - | - | - | - | - | - | 17,604 | 12,931 |
Increase in property and equipment/other long-term liabilities | ||||||||
0 | 0 | 116 | 0 | 0 | 1,386 | 359 | 0 | 0 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||||||||
Cash paid for interest | ||||||||
227 | 345 | 438 | - | - | - | - | - | - |
Cash paid for interest | ||||||||
- | - | - | 1,342 | 2,633 | 2,758 | 3 | 0 | 385 |
Cash paid for income taxes | ||||||||
1,286 | 2,865 | 5,496 | 1,368 | 1,658 | 4,879 | 6,090 | 3,701 | 56 |
Common stock shares issued upon cashless warrant exercises | ||||||||
0 | 0 | 53 | 6 | 252 | 385 | 3,793 | 10,297 | 8,834 |
Total cashless exercise price of warrants | ||||||||
0 | 0 | 88 | 9 | 1,462 | 1,615 | 2,147 | 5,995 | 6,395 |
Gross warrants underlying cashless exercises | ||||||||
0 | 0 | 63 | 6 | 418 | 487 | 4,564 | 12,563 | 12,930 |