XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOW FROM OPERATING ACTIVITIES:    
Net income (loss) $ 648,656 $ (337,201)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 7,859 11,390
Amortization of intangible assets 253,995 244,918
Gain from foreign currency transactions (512,311) 0
Stock based compensation 87,384 51,589
Forgiveness of debts (247,592) 0
Amortization of right of use assets (145,889) 75,935
Deferred tax benefit 47,080 (50,860)
Change in assets and liabilities:    
Accounts receivable (634,081) (978,093)
Inventories (1,127,477) 1,479,279
Other current assets 75,735 (22,124)
Advance payments to vendors (64,493) (35,095)
Other assets 0 2,394
Accounts payable 3,550,907 (5,800,795)
Contract liabilities and advance from customers 11,580 80,966
Accrued liabilities 579,501 133,536
Lease liabilities 140,046 (79,155)
Net cash provided by (used in) operating activities 2,670,900 (5,223,316)
CASH FLOW FROM INVESTING ACTIVITIES:    
Purchases of short-term investments (291,869) (73,832)
Purchases of property and equipment (21,544) (2,427)
Payments for capitalized product development costs (14,000) (22,500)
Purchases of intangible assets (7,372) 0
Net cash used in investing activities (334,785) (98,759)
CASH FLOW FROM FINANCING ACTIVITIES:    
Loan to an employee 0 (1,023)
Net cash used in financing activities 0 (1,023)
Effect of foreign currency translation 15,391 (73,469)
Net increase (decrease) in cash and cash equivalents 2,351,506 (5,396,567)
Cash and cash equivalents, beginning of year 12,266,556 12,241,286
Cash and cash equivalents, end of year 14,618,062 6,844,719
Cash paid during the periods for:    
Income taxes $ (800) $ (45,800)