XML 18 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,158,826) $ (2,194,865)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:    
Depreciation and amortization expense 586,481 599,241
Inventory reserve 288,474 222,755
Credit loss reserve 1,569,029 0
Loss on equity method investment 2,707 2,618
Stock-based compensation (reversal) expense (142,780) 389,584
Amortization of operating lease right of use assets 1,408,508 1,204,996
Amortization of debt premium / discount and non-cash financing costs 125,906 167,312
Change in operating assets and liabilities    
Accounts receivable 2,991,825 (2,772,149)
Inventories 485,100 8,498,848
Deferred tax assets (516,281) (601,170)
Prepayments and other current assets, net (314,434) 1,226,083
Non-current prepayments and other non-current assets 188,315 256,889
Accounts payable (3,229,667) 954,095
Other payables and accrued liabilities (331,742) (1,594,968)
Operating lease liabilities (1,455,440) (1,208,551)
Income taxes payable 2,611 1,238
Net cash (used in) provided by operating activities (500,214) 5,151,956
CASH FLOWS FROM INVESTING ACTIVITIES:    
Prepayments for software development (1,519,928) 0
Net cash used in investing activities (1,519,928) 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of offering cost settlement (325,000) 0
Proceeds from short-term loans - related party 0 2,000,000
Payments on short-term loans - related party (350,000) (2,000,000)
Payments on short-term loans (483,599) (1,750,000)
Proceeds from revolving loan 7,789,674 2,950,000
Payments on revolving loan (9,800,000) (7,300,000)
Net cash used in financing activities (3,168,925) (6,100,000)
EFFECT OF EXCHANGE RATES ON CASH 3,484 (72,874)
CHANGES IN CASH AND CASH EQUIVALENT (5,185,583) (1,020,918)
CASH AND CASH EQUIVALENT, beginning of period 7,377,837 3,735,642
CASH AND CASH EQUIVALENT, end of period 2,192,254 2,714,724
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income tax 0 0
Cash paid for interest 207,064 273,438
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Termination of operating leases 434,033 0
Right of use assets acquired under new operating leases $ 0 $ 632,732