XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (1,141,475) $ (1,342,070)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 265,305 342,367
Amortization of intangible assets 309,150 309,150
Loss on sale of property 0 41,389
Stock-based compensation 2,400 15,325
Change in allowance for credit losses 11,505 (31,773)
Change in allowance for inventory obsolescence (9,808) 89,687
Amortization of deferred gain on sale/leaseback (75,224) (75,224)
Change in operating assets and liabilities:    
Trade accounts receivable 609,196 15,574
Inventories (934,199) 560,443
Prepaid expenses and other receivables 87,829 (1,107,339)
Other assets 60,606 280,758
Accounts payable, accrued expenses, and other current liabilities 1,049,428 (621,626)
Net cash provided by (used in) operating activities 234,713 (1,523,339)
Cash flows from investing activities:    
Purchase of property and equipment (11,082) (230,415)
Net cash used in investing activities (11,082) (230,415)
Cash flows from financing activities:    
Principal payments on finance lease liability (149,381) (141,258)
Net change in line of credit 232,842 1,897,322
Net cash provided by financing activities 83,461 1,756,064
Net change in cash and cash equivalents and restricted cash 307,092 2,310
Cash and cash equivalents and restricted cash at beginning of the period 534,328 552,870
Cash and cash equivalents and restricted cash at end of the period 841,420 555,180
Supplemental disclosure of cash flow information:    
Cash paid for interest 132,166 302,546
Supplemental disclosure of non-cash investing and financing activities    
Preferred stock dividend, in common stock, issued or to be issued 353,350 388,303
Operating lease right-of-use assets obtained in exchange for lease obligations $ 466,404 $ 35,181