XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)        
Revenue, net $ 7,409,648 $ 8,305,412 $ 23,249,228 $ 26,651,929
Cost of sales 4,874,244 5,271,161 15,255,567 17,645,897
Gross margin 2,535,404 3,034,251 7,993,661 9,006,032
Operating expenses:        
Selling, general and administrative 2,759,306 2,619,269 8,428,132 8,435,313
New product development 513,694 590,405 1,529,738 1,569,376
Amortization of intangibles 281,270 281,270 843,812 843,812
(Gain) loss on disposal of property and equipment (58,652) 337 (55,910) 337
Total operating expenses 3,495,618 3,491,281 10,745,772 10,848,838
Operating loss (960,214) (457,030) (2,752,111) (1,842,806)
Other income (expense):        
Interest expense, net (77,094) (54,984) (228,705) (151,064)
Other income (expense), net (60,680) 180,070 (34,799) 139,807
Total other income (expense), net (137,774) 125,086 (263,504) (11,257)
Loss before income taxes (1,097,988) (331,944) (3,015,615) (1,854,063)
Income tax provision 65,282 163,059 222,416 328,328
Net loss (1,163,270) (495,003) (3,238,031) (2,182,391)
Foreign currency translation adjustment 288,607 (18,738) 41,903 (162,628)
Comprehensive loss $ (874,663) $ (513,741) $ (3,196,128) $ (2,345,019)
Loss per common share (basic) $ (0.03) $ (0.02) $ (0.11) $ (0.08)
Number of shares used in per share calculation (basic) 35,124,095 27,033,578 29,750,138 27,011,943
Loss per common share (diluted) $ (0.03) $ (0.02) $ (0.11) $ (0.08)
Number of shares used in per share calculation (diluted) 35,124,095 27,033,578 29,750,138 27,011,943