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STATEMENT OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (2,145,607) $ (2,014,002)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 322,866 435,729
Stock based compensation 1,357 1,514
Provision for doubtful accounts and sales returns and allowances (1,438) 7,998
Changes in operating assets and liabilities:    
Accounts receivable 235,519 323,296
Inventories (163,964) (306,928)
Income tax receivable (6,275) (8,120)
Other current assets 1,547 27,811
Accounts payable 425,083 409,954
Other accrued liabilities 529,638 (36,785)
Net cash used in operating activities (801,274) (1,159,533)
Cash flows from investing activities:    
Capital expenditures (28,387) 0
Net cash used in investing activities (28,387) 0
Cash flows from financing activities:    
Borrowings under revolving credit agreement 16,591,120 17,167,584
Payments under revolving credit agreement (15,605,330) (15,810,917)
Net cash provided by financing activities 985,790 1,356,667
Net increase in cash and cash equivalents 156,129 197,134
Cash and cash equivalents at beginning of period 195,454 136,112
Cash and cash equivalents at end of period $ 351,583 $ 333,246