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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flow from operating activities:    
Net loss $ (662,242) $ (959,958)
Gain from sale of discontinued operations (117,445) (214,737)
Loss from continuing operations (779,687) (1,174,695)
Adjustment to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 23,654 38,816
Amortization of lease right 119,914 115,079
Fair value of vested stock options 610,634 523,978
Fair value of vested restricted common stock 340,961 303,194
Changes in operating assets and liabilities:    
Accounts receivable 43,909 (241,918)
Prepaid expenses and other current assets 199,289 218,033
Prepaid royalties (720,367) 93,336
Deposits and other assets 8,094 0
Accounts payable and accrued expenses 1,486,950 175,949
Deferred revenue 1,214,301 644,460
Lease liability (129,187) (119,786)
Net cash provided by operating activities 2,418,465 576,446
Cash flow from investing activities:    
Purchase of property and equipment 0 (15,828)
Net cash used in investing activities 0 (15,828)
Cash flow from financing activities:    
Common stock repurchase and retirement (321,601) (200,023)
Proceeds from the exercise of stock options 1,875,000 100,000
Net cash provided by (used in) financing activities 1,553,399 (100,023)
Effect of exchange rate changes (13,398) (15,685)
Net increase in cash and cash equivalents 3,958,466 444,910
Cash and cash equivalents, beginning of period 5,353,090 4,908,180
Cash and cash equivalents, end of period 9,311,556 5,353,090
Supplemental disclosures of cash flow information:    
Cash paid for income taxes $ 7,836 $ 27,040