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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities:    
Net income $ 8,797,864 $ 479,610
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for (recovery of) doubtful accounts of accounts receivable 8,473 (35,764)
Depreciation of equipment and leasehold improvements 135,915 161,095
Amortization of discount on treasury securities (16,232)  
Noncash operating lease expense 4,476  
Stock-based compensation expense 166,708 262,785
Change in cash surrender value of life insurance (143,691) (168,756)
(Benefit) provision for deferred compensation (46,075) 167,560
Deferred compensation paid   (71,250)
Deferred compensation relieved   (472,883)
Other income - Net gain from life insurance benefits   (255,975)
Net changes in operating assets and liabilities:    
Accounts receivable 558,058 818,483
Inventories 801,766 (1,844,937)
Prepaid expenses and other current assets (153,168) (14,557)
Interest receivable (128,030)  
Income taxes payable 494,839 2,062
Accounts payable (510,681) 467,762
Accrued liabilities 726,825 236,076
Deferred revenue (158,464) (112,025)
Net cash provided by (used in) operating activities 10,538,583 (380,714)
Investing activities:    
Purchase of equipment and leasehold improvements (50,492) (75,155)
Life insurance premiums paid (87,995) (95,888)
Purchases of investments (14,884,929)  
Net cash (used in) investing activities (15,023,416) (171,043)
Financing activities:    
Proceeds from exercise of stock options 88,940 1,390,346
Net cash provided by financing activities 88,940 1,390,346
Net (decrease) increase in cash and cash equivalents (4,395,893) 838,589
Cash and cash equivalents at beginning of period 9,208,170 6,950,215
Cash and cash equivalents at end of period $ 4,812,277 7,788,804
Non-cash financing and investing activity:    
Reclassification of cash surrender value of life insurance to life insurance receivable   $ 1,751,794