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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ (857,658) $ 3,571,222 $ 5,849,443 $ 1,773,401
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 287,849 343,124 599,979 601,826
Bad debt expense 14,075 9,753 5,746
Inventory provision 3,478 32,688 65,021 10,317
Unrealized gain on investments (29,251) (1,128) (582) (5,113)
Gain on disposal of equipment 37,189 (2,122) 18,813
Operating lease right of use asset - non-cash lease cost 337,850 231,879 614,506 379,923
(Increase) decrease in operating assets:        
Accounts receivable, net (118,395) (373,656) (306,596) 193,546
Accounts receivable - related party 256,020 518,364 572,863 (1,573,771)
Prepaid income taxes and tax receivable (324,699) 292,905 114,083 915,203
Inventories (196,514) (149,153) (787,081) (202,079)
Other current assets (74,549) 82,433 223,590 (256,656)
Increase (decrease) in operating liabilities:        
Accounts payable and accrued expenses (486,835) (466,096) 978,726 28,963
Operating lease liabilities (341,411) (233,222) (361,823) (380,460)
Expense waivers - related party 59,064 553,336 (352,207) 96,070
Net cash provided by operating activities (1,447,862) 4,414,649 7,219,396 1,661,495
CASH FLOWS FROM INVESTING ACTIVITIES:        
Cash paid for acquisition of business (993,435) (1,115,545)
Purchase of real estate and equipment (3,988) (30,213)    
Sale of investments 506,492 4,121,742
Purchase of investments (1,533,385) (411) (7,827) (2,043,031)
Net cash (used in) provided by investing activities (1,030,881) (1,024,059) (1,201,093) 1,301,447
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayment of property and equipment loans (7,208) (3,445) (28,434) (96,659)
Principle payment of finance lease liability (1,753)    
Issuance costs pursuant to planned stock issuance (249,720)    
Net cash (used in) provided by financing activities (258,681) (3,445) (28,434) 289,069
Effect of exchange rate change on cash, cash equivalents and restricted cash (50,404) 123,331 271,033 78,780
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (2,787,828) 3,510,476 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 13,299,116 13,336,518 16,086,944 9,826,042
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
Interest paid 8,046 7,985 16,095 16,754
Income taxes paid (refunded), net 632,961 859,320 1,688,781 (494,741)
NON CASH INVESTING AND FINANCING ACTIVITIES        
Reclassification of business acquisition deposit 122,111 122,111
Establishment of operating right-of-use assets through operating lease obligations 995,805 730,741 730,741 1,150,916
Acquisition of equipment through finance lease liability 150,625    
Stock-based vendor compensation     152,250
Deferred taxes     (19,092) 44,163
Realized gain on sale of investments     (121,834)
Cash paid for internally developed software     (217,990)
Purchase of property, plant and equipment     (77,721) (559,274)
Proceeds from property and equipment loans     385,728
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH $ (2,787,828) $ 3,510,476 6,260,902 3,330,791
Reclassification of building deposit from other current assets to property, plant and equipment, net     $ 178,276