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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 13,673,811 $ 11,704,733
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,081,687 3,908,648
Provision for bad debts 5,585,989 5,695,420
Deferred income tax - net 2,855,006 2,118,829
Income tax receivable 671,185 528,815
Amortization on right-of-use assets 1,458,053 1,005,560
Compensatory element of stock issuances 83,277
Stock issued for costs and expenses 1,940,821 1,990,380
Abandoned patents 534
(Increase) decrease in operating assets, net:    
Accounts, medical and management fee receivables (12,110,859) (10,797,456)
Notes receivable 46,944 28,889
Contract assets 152,833 372,277
Inventories (14,649) 149,396
Prepaid expenses and other current assets 526,425 (133,287)
Other assets (18,087) (161,350)
Increase (decrease) in operating liabilities, net:    
Accounts payable (99,224) 104,032
Other current liabilities 1,382,497 3,556,437
Customer advances (123,478) 55,928
Operating lease liabilities (965,825) 159,657
Financing lease liabilities (74,698)
Contract liabilities 14,739
Other liabilities 21,020 115,855
NET CASH PROVIDED BY OPERATING ACTIVITIES 19,088,001 20,402,763
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (3,533,091) (7,522,997)
Proceeds of Short term investment (293) 15,062,932
Purchase of imaging center (1,122,508)
Cost of patents (163,705) (117,522)
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (4,819,597) 7,422,413
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of borrowings and capital lease obligations (103,335) (4,957,936)
Proceeds from debt 63,000 5,618,089
Distributions to noncontrolling interests (6,570,000) (5,565,000)
NET CASH USED IN FINANCING ACTIVITIES (6,610,335) (4,904,847)
NET INCREASE IN CASH AND CASH EQUIVALENTS 7,658,069 22,920,329
CASH AND CASH EQUIVALENTS – BEGINNING OF YEAR 36,802,342 13,882,013
CASH AND CASH EQUIVALENTS – END OF YEAR $ 44,460,411 $ 36,802,342