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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net (loss) income $ (950,911) $ 8,319,212
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
(Recovery of) Provision for doubtful accounts receivable (4,105) 4,000
Depreciation of equipment and leasehold improvements 192,272 230,292
Accretion of discount on treasury securities (379,591) (226,603)
Noncash operating lease expense 7,669 8,308
Stock-based compensation expense 155,834 289,676
Change in cash surrender value of life insurance (197,363) (187,329)
Provision for deferred compensation 96,004 59,891
Loss on disposal of equipment and leasehold improvements   2,263
Net changes in operating assets and liabilities:    
Accounts receivable 175,303 463,103
Inventories 1,949,761 2,207,921
Prepaid expenses and other current assets (78,923) (131,029)
Interest receivable (119,279) (51,150)
Income taxes receivable 45,145 (83,816)
Income taxes payable (51,338) 81,119
Accounts payable 62,316 (528,650)
Accrued liabilities (939,692) 428,227
Deferred revenue (153,633) (149,786)
Net cash (used in) provided by operating activities (190,531) 10,735,649
Investing activities:    
Purchase of equipment and leasehold improvements (461,760) (98,441)
Life insurance premiums paid (81,744) (87,995)
Proceeds from the maturity of treasury securities 14,331,000 2,022,000
Purchases of treasury securities (13,985,921) (18,859,671)
Net cash (used in) investing activities (198,425) (17,024,107)
Financing activities:    
Proceeds from exercise of stock options 134,975 171,350
Net cash provided by financing activities 134,975 171,350
Net (decrease) in cash and cash equivalents (253,981) (6,117,108)
Cash and cash equivalents at beginning of year 3,091,062 9,208,170
Cash and cash equivalents at end of year 2,837,081 3,091,062
Supplemental cash flow information:    
Cash (refunded) paid for income taxes $ (67,410) $ 320,073