XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (1,687,388) $ (49,477)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,839,401 1,691,163
Interest from amortization of debt costs 14,854 9,286
Gain on disposal of property and equipment 0 (522)
Stock-based compensation on stock options & RSUs, net 301,129 243,016
Provision for doubtful accounts receivable 12,010 0
Change in operating lease assets and liabilities (123,534) (86,804)
Inventory write-offs to allowance 105,993 133,204
Changes in operating assets and liabilities:    
Trade accounts receivable (311,150) (654,092)
Other receivables (130,222) 132,051
Inventories 1,238,529 (841,999)
Prepaid expenses and other assets 56,504 266,797
Accounts payable and accrued liabilities (1,473,498) 699,412
Net cash (used in) provided by operating activities (157,372) 1,542,035
Cash flows from investing activities:    
Purchase of property and equipment (1,317,373) (2,160,710)
Net cash used in investing activities (1,317,373) (2,160,710)
Cash flows from financing activities:    
Proceeds from exercise of stock options 0 128,834
Proceeds from sale of common stock from Employee Stock Purchase Plan 21,726 11,009
Loan costs (61,223) 0
Borrowings on loans payable 266,850 275,377
Payments on loans payable (336,985) (395,257)
Repayment of finance lease obligations (133,298) (136,332)
Net cash used in financing activities (242,930) (116,369)
Effect of exchange rate on cash and cash equivalents (4,264) 653,899
Change in cash and cash equivalents (1,721,939) (81,145)
Cash and cash equivalents, beginning of period 6,774,694 5,387,388
Cash and cash equivalents, end of period 5,052,755 5,306,243
Supplemental disclosure of cash flow information:    
Interest paid in cash 81,533 105,029
Income taxes paid $ 197,103 $ 512,499