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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net income (loss) $ 9,944,743 $ (99,359)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for doubtful accounts of accounts receivable 7,469 480
Depreciation of equipment and leasehold improvements 67,610 80,438
Noncash operating lease expense 2,556  
Stock-based compensation expense 88,035 138,876
Change in cash surrender value of life insurance (140,298) (167,084)
Provision for deferred compensation 42,301 88,810
Deferred compensation paid   (37,500)
Net changes in operating assets and liabilities:    
Accounts receivable 66,019 120,587
Inventories 732,866 (1,390,691)
Prepaid expenses and other current assets (209,989) (194,087)
Income taxes payable 597,941 1,031
Accounts payable (274,746) 624,512
Accrued liabilities 954,343 (11,661)
Deferred revenue (186,736) (82,445)
Net cash provided by (used in) operating activities 11,692,114 (928,093)
Investing activities:    
Purchase of equipment and leasehold improvements (11,773) (57,194)
Life insurance premiums paid (87,994) (95,726)
Net cash (used in) investing activities (99,767) (152,920)
Financing activities:    
Proceeds from exercise of stock options 70,440 1,364,046
Net cash provided by financing activities 70,440 1,364,046
Net increase in cash and cash equivalents 11,662,787 283,033
Cash and cash equivalents at beginning of period 9,208,170 6,950,215
Cash and cash equivalents at end of period $ 20,870,957 $ 7,233,248