| Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Loss from continuing operations | ||||||
1,968 | 1,213 | - | - | - | - | |
Income from discontinued operations, net of tax | ||||||
-3,049 | -1,417 | 45 | -162 | - | - | |
Net loss attributable to Truett-Hurst, Inc. and H.D.D. LLC | ||||||
-1,081 | -204 | -503 | -2,448 | -1,284 | -621 | |
Net (loss) income from continuing operations | ||||||
- | - | -548 | -2,286 | - | - | |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||||
Depreciation and amortization | ||||||
929 | 824 | 707 | 583 | 540 | 479 | |
Stock-based compensation | ||||||
375 | 129 | 375 | 561 | 436 | 174 | |
Executive termination benefits | ||||||
133 | - | - | - | - | - | |
Reserve for obsolescence of inventories | ||||||
- | - | - | 623 | 0 | - | |
Impairment of goodwill and intangible assets | ||||||
- | - | - | - | 0 | - | |
Impairment of other assets | ||||||
- | - | - | 112 | 0 | - | |
Gain (loss) on sale of assets | ||||||
- | - | - | - | - | 0 | |
Deferred rent | ||||||
- | - | - | -22 | -5 | -5 | |
Deferred taxes | ||||||
- | - | - | - | - | 0 | |
Non-controlling interest Wine Spies | ||||||
- | - | - | - | - | -25 | |
Loss on sale of bulk wine | ||||||
-22 | - | - | - | - | - | |
Loss (gain) on fair value of interest rate swap | ||||||
76 | 131 | -143 | -46 | -44 | 120 | |
Gain on insurance settlement | ||||||
1,879 | - | - | - | - | - | |
Impairment of intangibles | ||||||
4 | - | - | - | - | - | |
Gain on lease termination, net | ||||||
- | 844 | - | - | - | - | |
Proceeds received on lease termination | ||||||
- | 955 | - | - | - | - | |
(Gain) loss on disposal of assets | ||||||
-12 | -62 | -17 | - | - | - | |
Loss on disposal of assets | ||||||
- | - | - | -12 | 3 | - | |
Deferred taxes | ||||||
- | - | - | - | -180 | - | |
Contributed rent | ||||||
- | - | - | - | - | -36 | |
Changes in operating assets and liabilities, net | ||||||
Accounts receivable | ||||||
- | - | -105 | -510 | 484 | 1,558 | |
Inventories | ||||||
-402 | 211 | -2,162 | 5,570 | 3,957 | 6,369 | |
Bulk wine deposits | ||||||
- | - | -74 | - | - | - | |
Bulk wine deposits | ||||||
- | - | - | -1,079 | 1,424 | -333 | |
Other current assets | ||||||
-121 | 249 | -166 | 201 | -40 | 124 | |
Accounts payable | ||||||
-197 | 643 | -1,538 | 377 | - | - | |
Accrued expenses | ||||||
-19 | -275 | 28 | 263 | - | - | |
Net cash provided by operating activities | ||||||
- | - | 1,725 | -2,799 | - | - | |
Net cash provided by (used in) operating activities | ||||||
-1,254 | 699 | - | - | -6,916 | -5,733 | |
Cash flows from investing activities: | ||||||
Acquisition of property and equipment | ||||||
1,910 | 674 | 428 | 681 | 547 | 637 | |
Acquisition of intangible and other assets | ||||||
14 | 40 | - | - | - | - | |
Acquisition of The Wine Spies, LLC | ||||||
- | - | - | - | - | 349 | |
Proceeds from insurance settlement | ||||||
1,906 | - | - | - | - | - | |
Proceeds from sale of assets | ||||||
100 | 5 | - | - | - | 37 | |
Acquisition of intangible and other assets | ||||||
- | - | 137 | 321 | 209 | 252 | |
Proceeds from sale of assets | ||||||
- | - | 4 | 3 | - | - | |
Net cash used in investing activities | ||||||
- | - | -561 | -999 | - | - | |
Proceeds from the sale of assets | ||||||
- | - | - | - | 2 | 0 | |
Net cash used in investing activities | ||||||
82 | -709 | - | - | -754 | -1,201 | |
Cash flows from financing activities: | ||||||
Net (payments on) proceeds from lines of credit | ||||||
1,096 | -3,021 | 1,277 | 349 | 1,798 | 5,123 | |
Proceeds from long term debt | ||||||
- | 387 | 500 | 0 | - | 3,882 | |
Advances from related parties | ||||||
- | - | - | - | - | -6 | |
Net proceeds from (payments to) related parties | ||||||
- | - | - | - | -85 | 0 | |
Proceeds from related party notes | ||||||
- | - | - | - | - | 350 | |
Payments on related party notes | ||||||
- | - | - | - | - | 817 | |
Payments on long term debt | ||||||
585 | 558 | 476 | 333 | -156 | 3,607 | |
Payments on capital lease obligation | ||||||
11 | - | - | - | - | - | |
Net cash (used in) provided by financing activities | ||||||
500 | -3,192 | 1,301 | 16 | - | - | |
Discontinued operations | ||||||
Depletion allowance and accrual for sales returns | ||||||
- | - | 90 | - | - | - | |
Depletion allowance | ||||||
- | - | - | 496 | - | - | |
Accounts payable and accrued expenses | ||||||
- | - | - | - | -639 | 2,017 | |
Accrual for sales returns | ||||||
- | - | - | 524 | 0 | - | |
Due to related parties | ||||||
- | - | -134 | 11 | - | - | |
Net cash provided by operating activities | ||||||
69 | -48 | 78 | 83 | - | - | |
Net cash provided by (used in) investing activities | ||||||
100 | -10 | - | - | - | - | |
Net cash provided by discontinued operations | ||||||
169 | -58 | - | - | - | - | |
Payments on amount due factor | ||||||
- | - | - | - | -1 | - | |
Payments on amount due factor | ||||||
- | - | - | - | - | 869 | |
Proceeds from exercise of warrant | ||||||
- | - | - | - | - | 499 | |
Proceeds from sale of Class A common stock (IPO) | ||||||
- | - | - | - | - | 15,143 | |
Payment of issuance costs associated with IPO | ||||||
- | - | - | - | - | 1,567 | |
Issuance of Class A common stock | ||||||
- | - | - | - | - | 3 | |
Net cash provided by (used in) financing activities | ||||||
- | - | - | - | 1,870 | 18,134 | |
Net change in cash and cash equivalents | ||||||
-503 | -3,260 | 2,465 | -3,782 | -5,800 | 11,200 | |
Supplemental disclosure of cash flow information: | ||||||
Cash paid for interest | ||||||
470 | 327 | 324 | 258 | 151 | 343 | |
Cash paid for income taxes | ||||||
1 | 2 | 1 | 2 | 21 | 2 | |
Seller-financed acquisition of trademark | ||||||
- | - | - | - | 0 | - | |
Contributed rent for membership interest | ||||||
- | - | - | - | - | 36 | |
Fair value of warrant upon exercise | ||||||
- | - | - | - | - | 196 | |
Recharacterization of contributed capital | ||||||
- | - | - | - | - | 5,886 | |
Equipment financed with capital lease obligation | ||||||
- | 74 | - | - | - | - | |