Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2023
Operating Activities:
Net (loss) income	$ (2,855)	$ (682)	$ 1,060	$ 1,844	$ (6,818)	$ 4,462
Adjustments to reconcile net (loss) income to net cash provided by operating activities, net of acquisition:
Depreciation and amortization	4,349		3,683		12,832	9,978
Loss on disposal of fixed assets					0	29
Amortization of seller note discount					2,048	0
Amortization of debt issuance cost					64	223
Stock based compensation expense					274	396
Amortization of right-of-use assets					2,913	2,069
Allowance for doubtful accounts					(396)	62
Change in reserve for obsolete inventory					2,065	1,030
Changes in assets and liabilities, net of acquisitions:
Trade receivables					(3,216)	2,940
Inventories					3,274	2,917
Income taxes payable/receivable					1,741	316
Prepaid expenses and other current assets					1,324	3,482
Deposits and other assets					(167)	(1,002)
Accounts payable					1,649	(1,039)
Accrued liabilities					164	(5,656)
Change in deferred income taxes					(4,175)	4,227
Other liabilities					0	63
Net cash provided by operating activities					13,877	26,006
Investing Activities:
Purchase of property and equipment					(4,994)	(3,499)
Net cash used in investing activities					(18,002)	(38,728)
Financing Activities:
Net borrowings under revolver loans					1,990	3,133
Proceeds from issuance of notes payable					2,711	9,878
Payments on notes payable					(5,064)	(5,555)
Payments on related party notes payable					(900)	0
Payments for debt acquisition costs					0	(98)
Purchase of common treasury stock					(862)	(988)
Payments on financing leases					(2,497)	(1,621)
Cash paid for net settlement of stock option exercise					(20)	(29)
Proceeds from failed sales and leaseback transaction					7,869	0
Payments on seller finance arrangements					0		$ (51)
Net cash provided by financing activities					4,527		11,669
Change in cash					402		(1,053)
Cash, beginning of period		$ 4,309		$ 4,600	4,309	4,600	4,600
Cash, end of period	4,711		3,547		4,711	3,547	$ 4,309
Supplemental cash flow disclosures:
Interest paid					10,306	7,443
Income taxes paid, net						102
Noncash financing and investing activities:
Noncash items related to acquisition					0	36,900
Noncash stock options exercise					94	327
Line of Credit
Financing Activities:
Proceeds from issuance of related party notes payable and revolver loans					1,300	0
Notes Payable
Financing Activities:
Proceeds from issuance of related party notes payable and revolver loans					0	7,000
Salomon Whitney
Adjustments to reconcile net (loss) income to net cash provided by operating activities, net of acquisition:
Disposition of SW Financial, net of cash retained					0	1,509
Loss on disposition of Johnson	0		(1,000)		0	(2,000)
Johnson
Adjustments to reconcile net (loss) income to net cash provided by operating activities, net of acquisition:
Loss on disposition of Johnson	$ 301		$ 0		301	0
CRO acquisition
Investing Activities:
Acquisition					(1,034)	0
Noncash financing and investing activities:
Noncash items related to acquisition					725	0
Johnson
Investing Activities:
Acquisition					(500)	0
Flooring Liquidators
Investing Activities:
Acquisition					0	(33,929)
Midwest Grinding
Investing Activities:
Acquisition					(1,000)	0
Central Steel
Investing Activities:
Acquisition					(10,474)	0
Noncash financing and investing activities:
Noncash items related to acquisition					3,400	0
Cal Coast
Investing Activities:
Acquisition					0	(1,300)
PMW Acquisition
Noncash financing and investing activities:
Goodwill adjustment					233	0
Johnson Acquisition
Noncash financing and investing activities:
Noncash items related to acquisition					$ 1,501	$ 0