XML 15 R5.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 1,285,112 $ 946,817
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 236,006 261,164
Amortization of operating right-of-use asset 14,142 22,051
Stock compensation expense 111,046 88,246
Bad debt expense 150,000 125,000
Loss on sale of property and equipment 0 107,820
Gain on disposal of assets 0 (24,737)
(Increase) decrease in:    
Accounts receivables (255,281) (258,029)
Long-term receivables, prepaid and other assets 434,448 129,335
(Decrease) increase in:    
Accounts payable (264,711) (95,369)
Accrued liabilities (58,182) (165,555)
Operating lease liability (13,003) (22,051)
Deferred revenue 171,898 3,369
Net cash provided by operating activities 1,811,475 1,118,061
Cash flows from investing activities:    
Purchase of property and equipment (19,533) 0
Sale of property and equipment 0 1,374,085
Net cash provided by (used in) investing activities (19,533) 1,374,085
Cash flows financing activities:    
Net decrease in lines of credit (1,294,317) (6,000,000)
Common Stock buy-back (103,657) (41,276)
Proceeds from employee stock purchase plan 48,903 56,577
Dividends paid (146,611) (146,611)
Payments on notes payable and capital leases (129,481) 0
Net cash used in financing activities (1,625,163) (6,131,310)
Net increase (decrease) in cash and cash equivalents 166,779 (3,639,164)
Cash and cash equivalents at beginning of period 21,460,948 24,070,322
Cash and cash equivalents at end of period 21,627,727 20,431,158
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 146,723 172,342
Cash paid for interest 24,653 2,898
Cash paid for operating leases $ 17,613 $ 30,600
Supplemental disclosure of non-cash investing and financing activities:    
Common Stock to pay accrued liabilities (in shares) 76,873 172,500
Dividends accrued on preferred stock $ 146,611 $ 146,611