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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net loss $ (928,416) $ (102,835)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities-    
Gain on revaluation of contingent earn-out liability (742,084) 0
Depreciation and amortization 190,221 146,799
Stock-based compensation expense 915,494 733,930
Non-cash interest expense 55,017 0
Gain on forgiveness of bank note 0 (808,962)
Changes in operating assets and liabilities, net of effects of business acquisition-    
Accounts receivable, net (108,140) (397,318)
Due from related party 84,210  
Inventories (680,744) 311,849
Prepaid expenses 19,312 (16,928)
Accounts payable 819,284 139,144
Customer advances (371,650) 33,025
Accrued compensation and other (185,875) 7,846
Net cash (used in) provided by operating activities (933,371) 46,550
Cash Flows from Investing Activities:    
Acquisition of businesses (255,062) 0
Additional patent costs (39,543) (46,473)
Purchases of property and equipment (113,197) (75,924)
Net cash used in investing activities (407,802) (122,397)
Cash Flows from Financing Activities:    
Payment of capital lease obligations (38,349) (58,804)
Payments of long-term debt (247,002) 0
Payment of debt issuance costs (26,000) 0
Payment of acquisition earn-out liability (166,667) (166,667)
Gross proceeds from private placements of common stock 1,500,000 0
Gross proceeds from exercise of stock options 63,290 28,271
Net cash provided by (used in) financing activities 1,085,272 (197,200)
Net decrease in cash and cash equivalents (255,901) (273,047)
Cash and cash equivalents, beginning of year 861,650 1,134,697
Cash and cash equivalents, end of year 605,749 861,650
Supplemental disclosure of cash flow information:    
Cash paid during the year for income taxes 912 2,165
Supplemental disclosure of non-cash financing activities:    
Issuance of common stock for services 20,000 0
Acquisition of business financed with long-term debt 2,600,000 0
Common stock issued in business acquisition 4,000,000 0
Acquisition of Manufacturing Equipment Under Capital Lease $ 0 $ 161,976