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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 315,601 $ 198,647
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 130,358 67,822
Amortization of intangible assets 180,886 71,283
Amortization of other assets 12,189 86,245
Amortization of capital lease assets 68,617 62,983
Gain on sale of property and equipment 0 (5,197)
Stock-based compensation expense 43,658 71,786
Change in allowance for doubtful accounts receivable (12,483) (9,118)
Change in allowance for inventory obsolescence (31,046) (11,827)
Amortization deferred gain on sale/leaseback (37,612) (37,612)
Change in fair value of earn-out liability (375,000) 0
Change in operating assets and liabilities:    
Trade accounts receivable (713,704) (652,811)
Inventories 255,680 255,111
Prepaid expenses (87,373) (88,905)
Other assets (12,458) (152,637)
Income tax payable/receivable (1,784) 1,152
Accounts payable and accrued expenses 385,821 601,901
Net cash provided by operating activities 121,350 458,823
Cash flows from investing activities:    
Purchase of property and equipment (26,065) (24,779)
Proceeds from sale of property and equipment 0 10,905
Net cash used in investing activities (26,065) (13,874)
Cash flows from financing activities:    
Principal payments on long-term debt (40,045) (35,485)
Principal payments on long-term capital lease (58,334) (47,446)
Net change in line of credit (1,256,325) 4,931,491
Net cash (used in) provided by financing activities (1,354,704) 4,848,560
Net change in cash and cash equivalents (1,259,419) 5,293,509
Cash and cash equivalents at beginning of the period 1,696,116 254,705
Cash and cash equivalents at end of the period 436,697 5,548,214
Supplemental disclosure of cash flow information:    
Cash paid for interest 133,811 78,301
Supplemental disclosure of non-cash investing and financing activity:    
Preferred stock dividends paid or to be paid in common stock 186,637 187,061
Inventory reclassified to demonstration equipment $ 239,106 $ 0