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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 207,319 $ 109,903
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 124,637 108,216
Stock-based compensation 212,380 71,176
Recovery of uncollectible accounts (28,000) (312)
(Recovery of) Provision for sales returns (31,000) 25,000
Provision for inventory reserves 23,000 49,000
Provision for (Recovery of) accounts receivable discounts 12,476 (2,936)
Changes in operating assets and liabilities:    
Accounts receivable 8,382 (342,076)
Inventory (2,254,855) (977,889)
Prepaid expenses and other assets, net (417,147) (70,494)
Accounts payable 1,191,288 (77,942)
Deferred rent 0 (38,719)
Accrued income taxes 6,085 4,767
Accrued expenses and other liabilities (278,041) 168,861
Net cash used in operating activities (1,223,476) (973,445)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (111,317) (164,099)
Payments for intangible assets (4,322) (38,111)
Net cash used in investing activities (115,639) (202,210)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock, net of offering costs 932,480 0
Proceeds from stock option exercises 0 2,251
Net cash provided by financing activities 932,480 2,251
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (406,635) (1,173,404)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 13,006,545 3,393,186
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 12,599,910 2,219,782
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 142 346
Cash paid during the period for income taxes $ 2,050 $ 4,748