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Consolidated Statements of Cash Flows (unaudited) - USD ($)
6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOW FROM OPERATING ACTIVITIES:    
Net income (loss) $ 565,211 $ (986,860)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 16,970 20,510
Amortization of intangible assets 471,586 490,244
Loss from foreign currency transactions 585,283 0
Gain from trading a vehicle (3,563) 0
Stock based compensation 170,583 138,780
Forgiveness of debt (247,592) 0
Amortization of right of use assets (102,896) 152,665
Deferred tax (benefit) provision 214,807 (266,192)
Increase (decrease) in cash due to change in:    
Accounts receivable (866,389) (4,495,638)
Inventories (2,751,477) 2,581,682
Other current assets 6,707 (85,409)
Advance to vendors (83,527) (56,791)
Prepaid income taxes 0 (124,583)
Other assets 0 (12,060)
Accounts payable 6,501,820 (3,869,191)
Contract liabilities and advance from customers 5,244 112,781
Accrued liabilities 838,564 365,632
Lease liabilities 91,211 (159,104)
Net cash provided by (used in) operating activities 5,412,542 (6,193,534)
CASH FLOW FROM INVESTING ACTIVITIES:    
Sales (purchases) of short-term investments 2,685,688 (779,571)
Cash proceeds from sales of a vehicle 10,500 0
Purchases of property and equipment (24,784) (15,961)
Payments for capitalized product development costs and intangible assets (39,587) (73,949)
Net cash provided by (used in) investing activities 2,631,817 (869,481)
CASH FLOW FROM FINANCING ACTIVITIES:    
Loan to an employee 0 (2,046)
Net cash used in financing activities 0 (2,046)
Effect of foreign currency translation (48,029) 65,643
Net increase (decrease) in cash and cash equivalents 7,996,330 (6,999,418)
Cash and cash equivalents, beginning of period 12,266,556 12,241,286
Cash and cash equivalents, end of period 20,262,886 5,241,868
Cash paid during the periods for:    
Income taxes $ (800) $ (975)