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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating activities    
Net loss $ (8,068,998) $ (1,136,665)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization and other non-cash items 677,292 482,042
Disposals of property, plant and equipment 128,746
Deferred income tax expense / (benefit) 5,243,422 (56,000)
Stock-based compensation 1,469,894 83,865
Deferred lease liability (4,677) 46
Changes in operating assets and liabilities:    
Accounts receivable 807,010 99,259
Inventories (839,361) (116,874)
Prepaid expenses and other assets 610,890 189,522
Deferred income 2,152,906 (23,920)
Accounts payable, accrued expenses (1,680,241) 377,394
Net cash provided by (used in) operating activities 496,883 (101,331)
Investing activities    
Acquisition of property, plant and equipment (117,897) (167,548)
Acquisition of patents (58,179) (155,175)
Net cash used in investing activities (176,076) (322,723)
Financing activities    
Proceeds from exercise of stock options 224,552 140,847
Proceeds from the sale of common stock 4,000,000
Net cash provided by financing activities 224,552 4,140,847
Net increase in cash and cash equivalents 545,359 3,716,793
Cash and cash equivalents at beginning of period 11,557,071 9,049,327
Cash and cash equivalents at end of period 12,102,430 12,766,120
Cash paid for:    
Income taxes 895 2,053
Supplemental disclosure of non-cash information:    
Transfer of inventory to property, plant and equipment 782,920 953,288
Adoption of new accounting standard on deferred taxes $ 908,875