XML 16 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
STATEMENT OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net loss $ (2,014,002) $ (1,147,929)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 435,729 475,962
Stock based compensation 1,514 1,353
Provision for doubtful accounts and sales returns and allowances 7,998 1,076
Deferred taxes 0 136,386
Changes in operating assets and liabilities:    
Accounts receivable 323,296 (212,350)
Inventories (306,928) (594,234)
Income tax receivable (8,120) (7,133)
Other current assets 27,811 72,186
Accounts payable 409,954 639,328
Other accrued liabilities (36,785) (359,549)
Net cash used in operating activities (1,159,533) (994,904)
Cash flows from financing activities:    
Borrowings under revolving credit agreement 17,167,584 0
Payments under revolving credit agreement (15,810,917) 0
Net cash provided by financing activities 1,356,667 0
Net increase (decrease) in cash and cash equivalents 197,134 (994,904)
Cash and cash equivalents at beginning of period 136,112 995,704
Cash and cash equivalents at end of period $ 333,246 $ 800