XML 18 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 311,286 $ 167,594
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 159,436 181,390
Stock based compensation 55,400 31,977
Gain on debt extinguishment (149,570) 0
Loss on asset disposal/impairment 20,078 0
Changes in operating assets and liabilities:    
Accounts receivable (51,032) (115,074)
Inventory and inventory reserve (143,131) (122,015)
Prepaid and other current assets 11,271 (36,841)
Accounts payable and accrued expenses (48,085) (61,124)
Deferred revenue (3,143) (13,133)
Lease liability payable, operating lease (109,350) (105,750)
Net Cash Provided/Used by Operating Activities 53,160 (72,976)
CASH FLOWS USED IN INVESTING ACTIVITIES    
Purchase of property and equipment 0 (37,276)
Cash paid for leasehold improvements (10,785) 0
Net Cash Used In Investing Activities (10,785) (37,276)
CASH FLOWS USED IN FINANCING ACTIVITIES    
Payments on notes payable (335) (25,121)
NET INCREASE IN CASH 42,040 (135,373)
CASH AT BEGINNING OF PERIOD 666,756 557,026
CASH AT END OF PERIOD 708,796 421,653
SUPPLEMENTAL SCHEDULE OF CASH FLOW ACTIVITIES    
Interest paid 0 1,223
Income taxes paid 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Write off of fully depreciated and disposed fixed assets 124,287 0
Use of store inventory, capitalized as fixed asset 6,600 0
Accrued preferred stock dividends 0 75,000
Issuance of common stock previously accrued for $ 0 $ 583