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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Document Fiscal Year Focus 2018  
Operating activities:    
Net (loss) income $ (2,920,221) $ 224,323
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
(Recovery of) provision for doubtful accounts (4,341) (1,811)
Loss on disposal of equipment and leasehold improvements (343) 0
Depreciation of equipment and leasehold improvements 263,550 254,820
Stock-based compensation expense 165,832 177,045
Deferred income taxes 3,042,257 76,053
Change in cash surrender value of life insurance (172,214) (180,542)
Change in deferred compensation accrual 91,812 77,554
Deferred compensation paid 75,000 75,000
Net changes in operating assets and liabilities (see note 10) (3,516) (12,776)
Cash provided by operating activities 388,502 539,666
Investing activities:    
Purchase of equipment and leasehold improvements (230,121) (335,381)
Life insurance premiums paid (130,897) (131,769)
Cash (used in) investing activities (361,018) (467,150)
Financing activities:    
Net increase in cash and cash equivalents 27,484 72,516
Cash and cash equivalents at beginning of period 432,283 735,393
Cash and cash equivalents at end of period $ 459,767 $ 807,909