v3.22.1
Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 362,619 $ 311,286
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization expense 174,712 159,436
Stock based compensation 88,104 55,400
Gain on debt extinguishment 0 (149,570)
Loss on asset disposal 0 20,078
Changes in operating assets and liabilities:    
Accounts receivable 420,338 (51,032)
Prepaid and other current assets (61,907) 11,271
Inventory and any change in inventory reserve (512,789) (143,131)
Accounts payable and accrued expenses (176,299) (48,085)
Deferred revenue 16,803 (3,143)
Lease liability payable, operating lease (110,700) (109,350)
Net Cash Provided/Used by Operating Activities 200,881 53,160
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (146,685) 0
Cash paid for leasehold improvements of an operating lease (2,750) (10,785)
Net Cash Used by Investing Activities (149,435) (10,785)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from line of credit 50,000 0
Payment for the line of credit (50,000) 0
Payments on notes payable (448) (335)
Net Cash Used by Financing Activities (448) (335)
NET INCREASE (DECREASE) IN CASH 50,998 42,040
CASH AT BEGINNING OF PERIOD 516,192 666,756
CASH AT END OF PERIOD 567,190 708,796
NON-CASH FINANCE ACTIVITIES    
Interest paid 65 0
Income taxes paid 0 0
SUPPLEMENTAL SCHEDULE OF CASH FLOW ACTIVITIES    
Write off of fully depreciated and disposed fixed assets 0 124,287
Use of store inventory, capitalized as fixed asset $ 36,327 $ 6,600