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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Document Fiscal Year Focus 2018  
Operating activities:    
Net (loss) $ (3,733,089) $ (893,259)
Adjustments to reconcile net (loss) to net cash provided by operating activities:    
Provision for (recovery of) doubtful accounts 2,626 (4,843)
Loss on disposal of equipment and leasehold improvements (343) (6,230)
Depreciation of equipment and leasehold improvements 385,221 375,786
Stock-based compensation expense 248,624 265,568
Deferred income taxes 3,042,257 190,016
Change in cash surrender value of life insurance (181,403) (187,563)
Change in deferred compensation accrual 137,718 116,331
Deferred compensation paid 112,500 112,500
Net changes in operating assets and liabilities (see note 10) 1,729,505 761,846
Cash provided by operating activities 1,519,302 517,612
Investing activities:    
Purchase of equipment and leasehold improvements (250,618) (365,081)
Life insurance premiums paid (131,058) (133,767)
Cash (used in) investing activities (381,676) (498,848)
Financing activities:    
Net increase in cash and cash equivalents 1,137,626 18,764
Cash and cash equivalents at beginning of period 432,283 735,393
Cash and cash equivalents at end of period $ 1,569,909 $ 754,157