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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 4,429,570 $ (5,133,891)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 419,511 366,322
Stock-based compensation 272,209 214,477
Provision for uncollectible accounts 53,514 151,000
Provision for sales returns 67,000 108,000
Inventory write-off 128,000 5,620,991
Provision for accounts receivable discounts 29,123 6,416
Changes in operating assets and liabilities:    
Accounts receivable (1,617,077) 50,626
Inventory 1,559,759 (3,556,653)
Prepaid expenses and other assets, net (3,451,872) 326,146
Accounts payable (827,665) 678,501
Accrued income taxes 1,460 1,240
Accrued expenses and other liabilities 3,604,002 (404,713)
Net cash provided by (used in) operating activities 4,667,534 (1,571,538)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (346,112) (394,825)
Payment to fund note receivable (250,000) 0
Payments for intangible assets (26,374) (71,347)
Net cash used in investing activities (622,486) (466,172)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Stock option exercises 1,013,091 0
Issuance of common stock, net of offering costs 0 932,480
Net cash provided by financing activities 1,013,091 932,480
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 5,058,139 (1,105,230)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 14,617,234 13,006,545
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 19,675,373 11,901,315
Supplemental disclosure of cash flow information:    
Additions to right-of-use assets obtained from new operating lease liabilities 3,908,249 0
Cash paid during the period for interest 0 535
Cash paid during the period for income taxes $ 9,050 $ 2,050