XML 45 R27.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Description Of Business And Summary Of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2024
Description Of Business And Summary Of Significant Accounting Policies [Abstract] |
Effect of Revision of Financial Statements |
|  |  | As of June 30, 2023
|  |  | As Previously Reported |  |  | Revision |  |  | As Revised
Consolidated Balance Sheet: |  |  |  |  |  |  |  |  |
Prepaid expenses and other current assets |  | $ | 284,622 |  | $ | 717,892 |  | $ | 1,002,514
Total current assets |  |  | 28,380,967 |  |  | 717,892 |  |  | 29,098,859
Total assets |  |  | 38,370,805 |  |  | 717,892 |  |  | 39,088,697
Accrued liabilities |  |  | 970,530 |  |  | 371,509 |  |  | 1,342,039
Total current liabilities |  |  | 2,011,817 |  |  | 371,509 |  |  | 2,383,326
Total liabilities |  |  | 6,909,910 |  |  | 371,509 |  |  | 7,281,419
Retained earnings |  |  | 18,300,728 |  |  | 346,383 |  |  | 18,647,111
Total stockholders' equity |  | $ | 31,460,895 |  | $ | 346,383 |  | $ | 31,807,278
‎
|  |  | Year Ended June 30, 2023
|  |  | As Previously Reported |  |  | Revision |  |  | As Revised
Consolidated Statement of Operations: |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses |  | $ | 29,358,466 |  | $ | (16,832) |  | $ | 29,341,634
(Loss) from operations |  |  | (24,901,052) |  |  | 16,832 |  |  | (24,884,220)
Income before income tax provision |  |  | 8,619,757 |  |  | 16,832 |  |  | 8,636,589
Net income |  | $ | 8,302,380 |  | $ | 16,832 |  | $ | 8,319,212
Income per common share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.90 |  |  |  |  | $ | 0.90
Diluted |  | $ | 0.85 |  |  |  |  | $ | 0.85
|  |  | Year Ended June 30, 2023
|  |  | As Previously Reported |  |  | Revision |  |  | As Revised
Consolidated Statement of Cash Flows: |  |  |  |  |  |  |  |  |
Net income |  | $ | 8,302,380 |  | $ | 16,832 |  | $ | 8,319,212
Prepaid expenses and other current assets |  |  | (96,144) |  |  | (34,885) |  |  | (131,029)
Accrued liabilities |  |  | 410,174 |  |  | 18,053 |  |  | 428,227
Net cash provided by operating activities |  | $ | 10,735,649 |  | $ | - |  | $ | 10,735,649
The effect of this revision on the opening balances within the Company's Consolidated Statement of Stockholders' Equity for the years ended June 30, 2023 and 2022 was as follows:
|  |  | As Previously Reported |  |  | Revision |  |  | As Revised
Retained earnings, June 30, 2022 |  | $ | 9,998,348 |  | $ | 329,551 |  | $ | 10,327,899
Total stockholders' equity, June 30, 2022 |  |  | 22,697,489 |  |  | 329,551 |  |  | 23,027,040
Retained earnings, June 30, 2023 |  |  | 18,300,728 |  |  | 346,383 |  |  | 18,647,111
Total stockholders' equity, June 30, 2023 |  | $ | 31,460,895 |  | $ | 346,383 |  | $ | 31,807,278

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration