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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,405,362) $ (1,931,973)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 357,019 308,900
Stock-based compensation 118,618 174,725
Provision for uncollectible accounts 117,000 0
Provision for sales returns 154,000 422,000
Inventory write-downs 0 119,000
Provision for accounts receivable discounts 5,793 4,899
Deferred income taxes 0 (434,893)
Changes in operating assets and liabilities:    
Accounts receivable (1,425,184) (292,951)
Inventory 991,141 (1,601,247)
Prepaid expenses and other assets, net 273,987 247,025
Accounts payable 1,262,867 459,640
Accrued expenses and other liabilities (394,651) (529,418)
Net cash used in operating activities (3,944,772) (3,054,293)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (495,302) (617,283)
Payments for intangible assets (41,650) (30,658)
Net cash used in investing activities (536,952) (647,941)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from line of credit 500,000 0
Payments on line of credit (500,000) 0
Repurchases of common stock 0 (451,815)
Net cash used in financing activities 0 (451,815)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (4,481,724) (4,154,049)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 15,568,911 21,179,340
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 11,087,187 17,025,291
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 0 5,900
Cash paid during the period for interest expense $ 2,875 $ 0