XML 16 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (291,915) $ 217,997
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock based compensation 150,000 0
Depreciation and amortization 17,854 62,850
Changes in operating assets and liabilities:    
Accounts receivable 1,039,481 (2,025,068)
Other current assets 123,443 (217,435)
Accounts payable (1,368,707) 1,546,082
Other current liabilities (5,794) 235,947
Net cash used in operating activities (335,638) (179,627)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from loans payable 928,892 242,635
Repayments of loans payable (809,161) (117,875)
Common stock issued 180,000 100,000
Net cash provided by financing activities 299,731 224,760
Net change in cash and cash equivalents (35,907) 45,133
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 61,262 16,129
Cash and Cash Equivalents, at Carrying Value, Ending Balance 25,355 61,262
Supplemental cash flow information    
Cash paid for interest 327,092 77,855
Cash paid for taxes $ 0 $ 15,879