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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 827,025 $ 874,266
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 124,212 132,456
Stock-based compensation 279,407 107,355
Provision for uncollectible accounts 32,000 32,514
Provision for sales returns 27,000 96,000
Inventory write-off 232,000 80,000
Provision for accounts receivable discounts 16,419 1,688
Deferred income taxes 122,158 0
Changes in operating assets and liabilities:    
Accounts receivable (1,085,046) (1,084,999)
Inventory (2,673,706) 829,199
Prepaid expenses and other assets, net (302,985) 27,920
Accounts payable 978,534 (1,165,697)
Accrued income taxes 471 494
Accrued expenses and other liabilities (717,057) (573,120)
Net cash used in operating activities (2,139,568) (641,924)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (398,121) (101,459)
Payments for intangible assets 0 (12,142)
Net cash used in investing activities (398,121) (113,601)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Stock option exercises 257,370 0
Net cash provided by financing activities 257,370 0
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (2,280,319) (755,525)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 21,446,951 14,617,234
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 19,166,632 13,861,709
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 0 2,439
Cash paid during the period for income taxes $ 0 $ 3,350