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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (19,580,794) $ 2,373,915
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 653,157 479,308
Stock-based compensation 249,428 774,341
Provision for uncollectible accounts 98,000 14,000
Recovery of sales returns (23,000) (84,000)
Inventory write-downs 6,004,000 195,000
Recovery of accounts receivable discounts (4,496) (4,285)
Deferred income taxes 5,851,904 498,926
Changes in operating assets and liabilities:    
Accounts receivable 1,770,227 (484,457)
Inventory 755,224 (4,535,080)
Prepaid expenses and other assets, net 892,845 926,780
Accounts payable 384,926 1,626,856
Accrued income taxes 0 (9,878)
Accrued expenses and other liabilities (926,512) (1,198,873)
Net cash (used in) provided by operating activities (3,875,091) 572,553
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (1,229,571) (1,496,471)
Payments for intangible assets (53,952) (64,188)
Net cash used in investing activities (1,283,523) (1,560,659)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock (451,815) (38,164)
Stock option exercises 0 758,659
Net cash (used in) provided by financing activities (451,815) 720,495
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (5,610,429) (267,611)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 21,179,340 21,446,951
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR 15,568,911 21,179,340
Supplemental disclosure of cash flow information:    
Cash paid during the year for income taxes $ 5,900 $ 0