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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 12,476 $ 5,154,031
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization 424,727 521,584
Bad debt expense 3,175 14,082
Impairment to inventory value 3,478 67,576
Unrealized gain on investments (116,148) (5,146)
Loss (gain) on disposal of equipment 37,189 (2,148)
Operating lease right-of-use asset - non-cash lease cost 494,375 420,948
Decrease (increase) in current assets:    
Accounts receivable 57,416 (91,002)
Accounts receivable - related party (308,514) 559,327
Prepaid income taxes and tax receivable 43,440 302,313
Inventories (341,966) (254,177)
Other current assets (551,815) 47,336
Increase (decrease) in current liabilities:    
Accounts payable and accrued expenses (979,332) (808,350)
Operating lease liabilities (500,857) (424,071)
Expense waivers - related party (51,891) (183,006)
Net cash (used in) provided by operating activities (1,774,247) 5,319,297
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for acquisition of business assets 0 (993,435)
Purchase of real estate and equipment (5,224) (41,074)
Proceeds from sale of property and equipment 0 2,148
Sale of investments 506,492 0
Purchase of investments (1,501,980) (492)
Net cash used in investing activities (1,000,712) (1,032,853)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net of underwriter discounts 3,529,350 0
Payment of issuance cost of common stock (545,090) 0
Payment of finance lease liabilities (4,167) 0
Repayment of property and equipment loans (11,159) (25,394)
Net cash provided by (used in) financing activities 2,968,934 (25,394)
Effect of exchange rate change on cash and cash equivalents (86,305) 190,171
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 107,670 4,451,221
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE 16,086,944 9,826,042
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 16,194,614 14,277,263
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid 12,264 11,989
Income taxes paid, net of refunds 833,901 1,247,005
Non-cash financing and investing activities:    
Acquisition of operating right-of-use assets through operating lease obligations 995,805 730,741
Reclassification of acquisition deposit 0 122,111
Acquisition of equipment through finance lease liability 150,625 0
Fair value of warrants of common stock issued to underwriters $ 132,000 $ 0