XML 22 R24.htm IDEA: XBRL DOCUMENT v3.19.3
Interim Financial Reporting (Details) - USD ($)
 3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net revenues $ 8,302,498 $ 7,275,883    
Cost of revenues 1,960,150 1,732,999    
Gross profit 6,342,348 5,542,884    
Operating expenses        
Selling, general and administrative 4,894,806 5,272,985    
Research and development 98,937 68,190    
Total operating expenses 4,993,743 5,341,175    
Operating income 1,348,605 201,709    
Interest income (expense), net 39,951 13,452    
Net income before income taxes 1,388,556 215,161    
Income tax expense 374,000 58,000    
Net income $ 1,014,556 $ 157,161    
Income per share:        
Basic $ 0.12 $ 0.02    
Diluted $ 0.12 $ 0.02    
Cash Flows From Operating Activities        
Net income $ 1,014,556 $ 157,161    
Changes in operating assets and liabilities:        
Prepaid expenses and other assets (102,147) 381,357    
Accounts payable and accrued liabilities (250,011) (151,314)    
Assets        
Other assets 137,716   $ 45,044 $ 45,044
Liabilities and Shareholders' Equity        
Current maturities of long-term debt 82,696   30,320 30,320
Other long-term liabilities 55,269   14,737 14,737
Retained earnings $ 10,536,620   $ 9,522,064 9,522,064
Effect of Adoption [Member]        
Net revenues      
Cost of revenues      
Gross profit      
Operating expenses        
Selling, general and administrative   (2,769)    
Research and development      
Total operating expenses   (2,769)    
Operating income   2,769    
Interest income (expense), net      
Net income before income taxes   2,769    
Income tax expense      
Net income   $ 2,769    
Income per share:        
Basic   $ 0    
Diluted   $ 0    
Cash Flows From Operating Activities        
Net income   $ 2,769    
Changes in operating assets and liabilities:        
Prepaid expenses and other assets   45,292    
Accounts payable and accrued liabilities   (48,061)    
Assets        
Other assets       45,044
Liabilities and Shareholders' Equity        
Current maturities of long-term debt       30,320
Other long-term liabilities       14,737
Retained earnings       (12)
As Previously Reported[Member]        
Net revenues   7,275,883    
Cost of revenues   1,733,051    
Gross profit   5,542,832    
Operating expenses        
Selling, general and administrative   5,275,755    
Research and development   68,137    
Total operating expenses   5,343,892    
Operating income   198,940    
Interest income (expense), net   13,452    
Net income before income taxes   212,392    
Income tax expense   58,000    
Net income   $ 154,392    
Income per share:        
Basic   $ 0.02    
Diluted   $ 0.02    
Cash Flows From Operating Activities        
Net income   $ 154,392    
Changes in operating assets and liabilities:        
Prepaid expenses and other assets   336,065    
Accounts payable and accrued liabilities   $ (103,253)    
Assets        
Other assets      
Liabilities and Shareholders' Equity        
Other long-term liabilities      
Retained earnings       $ 9,522,076