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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ (20,022) $ 348,667
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 300,148 349,096
Stock based vendor compensation 114,292
Bad debt expense 91
Unrealized loss on investments 688 314,313
Loss on disposal of equipment 1,434
Operating lease right-of-use asset - Non-cash lease cost 184,876
Decrease (increase) in current assets:    
Accounts receivable, net 130,917 142,174
Accounts receivable - related party 34,437 226,377
Prepaid income taxes and tax receivable 427,260 (64,010)
Inventories (207,324) (306,271)
Other current assets 94,986 178,635
Increase (decrease) in current liabilities:    
Accounts payable and accrued expenses (781,736) (309,587)
Operating lease liabilities (184,068)
Expense waivers - related party (37,702) (273,655)
Net cash provided by operating activities 56,843 607,173
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for acquisition of business assets (45,000)
Purchase of real estate and equipment – net of disposal (495,579) (8,984)
Sale of investments 180,000
Purchase of investments (29,060) (346,759)
Net cash (used in) investing activities (524,639) (220,743)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Loans - real estate, property and equipment 404,518
Repayment of equipment loan (94,613) (96,525)
Net cash provided by (used in) financing activities 309,905 (96,525)
Effect of exchange rate change on cash and cash equivalents 208,393 (30,515)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 50,502 259,390
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE 6,495,251 7,524,114
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 6,545,753 7,783,504
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid 8,990
Income taxes-U.S. 159,363 43,000
Non-Cash financing and investing activities:    
Acquisition of operating right-of-use assets through operating lease obligations 1,150,916
Reclassification of deposit from other current assets to property and equipment $ 178,276