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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (10,327,981) $ 2,333,145
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 477,285 350,198
Stock-based compensation 209,319 676,934
(Recovery of) Provision for uncollectible accounts (18,000) 26,000
Provision for (Recovery of) sales returns 59,000 (25,000)
Inventory write-downs 119,000 232,000
Provision for accounts receivable discounts 42 3,269
Deferred income taxes 5,851,904 483,168
Changes in operating assets and liabilities:    
Accounts receivable 1,246,221 92,264
Inventory 64,514 (3,562,704)
Prepaid expenses and other assets, net 756,554 640,843
Accounts payable (1,284,419) 356,311
Accrued income taxes 0 1,414
Accrued expenses and other liabilities (980,909) (504,862)
Net cash (used in) provided by operating activities (3,827,470) 1,102,980
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (884,030) (1,250,296)
Payments for intangible assets (45,397) (38,867)
Net cash used in investing activities (929,427) (1,289,163)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock (451,815) 0
Stock option exercises 0 650,917
Net cash (used in) provided by financing activities (451,815) 650,917
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (5,208,712) 464,734
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 21,179,340 21,446,951
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 15,970,628 21,911,685
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes $ 5,900 $ 0