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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ (1,880,993) $ 2,219,434 $ 5,849,443 $ 1,773,401
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 154,765 166,071 599,979 601,826
Bad debt expense 13,749.00 9,753 5,746
Unrealized gain on investments 1,059 (1,067) (582) (5,113)
Gain on disposal of equipment 23,407 (2,100) 18,813
Operating lease right of use asset - non-cash lease cost 164,637 128,320 614,506 379,923
Stock-based vendor compensation     152,250
Deferred taxes     (19,092) 44,163
Inventory provision 0 0 65,021 10,317
Realized gain on sale of investments     (121,834)
(Increase) decrease in operating assets:        
Accounts receivable, net (397,282) (205,324) (306,596) 193,546
Accounts receivable - related party 276,224 433,110 572,863 (1,573,771)
Prepaid income taxes and tax receivable (111,698) 859,118 114,083 915,203
Inventories (154,924) (137,859) (787,081) (202,079)
Other current assets 129,731 134,208 223,590 (256,656)
Increase (decrease) in operating liabilities:        
Accounts payable, accrued expenses and legal settlement 2,786,828 (179,660)    
Operating lease liabilities (166,417) (129,324) (361,823) (380,460)
Expense waivers - related party 38,328 306,653 (352,207) 96,070
Net cash provided by operating activities 863,665 3,605,329 7,219,396 1,661,495
Accounts payable and accrued expenses     978,726 28,963
CASH FLOWS FROM INVESTING ACTIVITIES:        
Cash paid for acquisition of business (723,150) (1,115,545)
Purchase of real estate and equipment (3,560) (5,657)    
Sale of investments 506,462 4,121,742
Purchase of investments (423) (2,694) (7,827) (2,043,031)
Net cash (used in) provided by investing activities 502,479 (731,501) (1,201,093) 1,301,447
Cash paid for internally developed software     (217,990)
Purchase of property, plant and equipment     (77,721) (559,274)
Reclassification of building deposit from other current assets to property, plant and equipment, net     178,276
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayment of property and equipment loans (3,584) (3,282) (28,434) (96,659)
Net cash (used in) provided by financing activities (3,584) (3,282) (28,434) 289,069
Effect of exchange rate change on cash, cash equivalents and restricted cash     271,033 78,780
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 1,208,184 3,081,543 6,260,902 3,330,791
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE 16,086,944 9,826,042 9,826,042 6,495,251
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 17,295,128 12,907,585 16,086,944 9,826,042
Proceeds from property and equipment loans     385,728
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
Interest paid 4,080 3,963 16,095 16,754
Income taxes paid (refunded), net 296,768 (238,458) 1,688,781 (494,741)
NON CASH INVESTING AND FINANCING ACTIVITIES        
Reclassification of business acquisition deposit 122,111 122,111
Purchase price payable $ 277,577    
Establishment of operating right-of-use assets through operating lease obligations     $ 730,741 $ 1,150,916