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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net loss $ (419,535) $ (257,609)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Recovery of credit losses   (4,105)
Depreciation of equipment and leasehold improvements 53,133 45,614
Accretion of discount on treasury securities (75,821) (120,305)
Noncash operating lease expense 1,917 1,917
Stock-based compensation expense 14,264 46,792
Change in cash surrender value of life insurance (165,291) (149,057)
Provision (benefit) for deferred compensation 197,374 (59,935)
Net changes in operating assets and liabilities:    
Accounts receivable (180,291) 52,498
Inventories (261,430) 644,569
Prepaid expenses and other current assets (80,096) (178,041)
Interest receivable 55,814 (5,243)
Income taxes receivable (2,529) (40,462)
Income taxes payable (7,674) (85,358)
Accounts payable 401,865 (38,968)
Accrued liabilities 650,248 (542,689)
Deferred revenue 19,606 (22,865)
Net cash provided by (used in) operating activities 201,554 (713,247)
Investing activities:    
Purchase of equipment and leasehold improvements (357,193) (312,718)
Life insurance premiums paid (70,577) (81,744)
Proceeds from the maturity of treasury securities 5,034,000 2,000,000
Purchases of treasury securities (4,999,003) (1,999,074)
Net cash used in investing activities (392,773) (393,536)
Financing activities:    
Proceeds from exercise of stock options 104,870  
Net cash provided by financing activities 104,870  
Net (decrease) in cash and cash equivalents (86,349) (1,106,783)
Cash and cash equivalents at beginning of period 2,837,081 3,091,062
Cash and cash equivalents at end of period 2,750,732 1,984,279
Supplemental cash flow information:    
Cash paid for income taxes $ 12,963 $ 127,700