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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,393,343 $ 1,021,369
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 271,061 234,303
Stock-based compensation 195,293 359,105
Provision for (Recovery of) uncollectible accounts 5,514 (10,000)
Provision for sales returns 662,000 299,000
Inventory write-off 105,000 149,000
Provision for accounts receivable discounts 9,581 39,706
Changes in operating assets and liabilities:    
Accounts receivable (3,066,219) (1,454,318)
Inventory 1,862,843 (2,207,214)
Prepaid expenses and other assets, net 62,095 (196,764)
Accounts payable (815,659) 1,403,677
Accrued income taxes 988 747
Accrued expenses and other liabilities (273,784) 123,752
Net cash provided by (used in) operating activities 2,412,056 (237,637)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (244,688) (319,728)
Payments for intangible assets (26,538) (36,797)
Net cash used in investing activities (271,226) (356,525)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock, net of offering costs 0 932,480
Stock option exercises 114,999 0
Net cash provided by financing activities 114,999 932,480
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 2,255,829 338,318
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 14,617,234 13,006,545
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 16,873,063 13,344,863
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 0 277
Cash paid during the period for income taxes $ 8,961 $ 2,050