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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,333,145 $ 4,429,570
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 350,198 419,511
Stock-based compensation 676,934 272,209
Provision for uncollectible accounts 26,000 53,514
(Recovery of) Provision for sales returns (25,000) 67,000
Inventory write-off 232,000 128,000
Provision for accounts receivable discounts 3,269 29,123
Deferred income taxes 483,168 0
Changes in operating assets and liabilities:    
Accounts receivable 92,264 (1,617,077)
Inventory (3,562,704) 1,559,759
Prepaid expenses and other assets, net 640,843 (3,451,872)
Accounts payable 356,311 (827,665)
Accrued income taxes 1,414 1,460
Accrued expenses and other liabilities (504,862) 3,604,002
Net cash provided by operating activities 1,102,980 4,667,534
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (1,250,296) (346,112)
Payment to fund note receivable 0 (250,000)
Payments for intangible assets (38,867) (26,374)
Net cash used in investing activities (1,289,163) (622,486)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Stock option exercises 650,917 1,013,091
Net cash provided by financing activities 650,917 1,013,091
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 464,734 5,058,139
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 21,446,951 14,617,234
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 21,911,685 19,675,373
Supplemental disclosure of non-cash investing and financing activities:    
Additions to right-of-use assets in connection with operating lease liabilities 0 3,908,249
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes $ 0 $ 9,050