XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,994,637 $ 3,393,343
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 238,210 271,061
Stock-based compensation 478,411 195,293
Provision for uncollectible accounts 52,000 5,514
Provision for sales returns 652,000 662,000
Inventory write-off 232,000 105,000
Provision for accounts receivable discounts 29,250 9,581
Deferred income taxes 405,159 0
Changes in operating assets and liabilities:    
Accounts receivable (2,718,303) (3,066,219)
Inventory (2,899,591) 1,862,843
Prepaid expenses and other assets, net (483,054) 62,095
Accounts payable 2,096,372 (815,659)
Accrued income taxes 943 988
Accrued expenses and other liabilities 43,297 (273,784)
Net cash provided by operating activities 121,331 2,412,056
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (775,705) (244,688)
Payments for intangible assets (27,730) (26,538)
Net cash used in investing activities (803,435) (271,226)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Stock option exercises 545,918 114,999
Net cash provided by financing activities 545,918 114,999
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (136,186) 2,255,829
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 21,446,951 14,617,234
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 21,310,765 16,873,063
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 0 0
Cash paid during the period for income taxes $ 0 $ 8,961