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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,219,434 $ 54,892
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 166,071 149,663
Stock based vendor compensation 37,541
Bad debt expense 13,749
Unrealized gain on investments (1,067) (94)
Gain on disposal of equipment (2,100)
Operating lease right-of-use asset - non-cash lease cost 128,320 108,835
Decrease (increase) in current assets:    
Accounts receivable (205,324) 39,506
Accounts receivable - related party 433,110 48,377
Prepaid income taxes and tax receivable 859,118 540,808
Inventories (137,859) (67,549)
Other current assets 134,208 280,145
Decrease (increase) in current liabilities:    
Accounts payable and accrued expenses (179,660) (302,275)
Operating lease liabilities (129,324) (108,431)
Deferred taxes
Expense waivers - related party 306,653 (112,726)
Net cash provided by operating activities 3,605,329 668,692
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for acquisition of business (723,150)
Purchase of real estate and equipment – net of disposal (5,657) (645,817)
Purchase of investments (2,694) (18,245)
Net cash (used in) provided by investing activities (731,501) (664,062)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Loans - real estate, property and equipment 393,353
Repayment of property and equipment loans (3,282) (87,298)
Net cash provided by (used in) financing activities (3,282) 306,055
Effect of exchange rate change on cash and cash equivalents 210,997 110,744
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 3,081,543 421,429
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE 9,826,042 6,495,251
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 12,907,585 6,916,680
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid 3,963 4,885
Income taxes (refunded) paid (238,458) 159,363
Non-cash financing and investing activities:    
Reclassification of acquisition deposit 122,111
Purchase price payable 277,577
Acquisition of operating right-of-use assets through operating lease obligations $ 1,150,916