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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (857,658) $ 3,571,222
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Depreciation and amortization 287,849 343,124
Bad debt expense 0 14,075
Impairment to inventory value 3,478 32,688
Unrealized gain on investments (29,251) (1,128)
Loss (gain) on disposal of equipment 37,189 (2,122)
Operating lease right-of-use asset - non-cash lease cost 337,850 231,879
Decrease (increase) in current assets:    
Accounts receivable (118,395) (373,656)
Accounts receivable - related party 256,020 518,364
Prepaid income taxes and tax receivable (324,699) 292,905
Inventories (196,514) (149,153)
Other current assets (74,549) 82,433
(Decrease) increase in current liabilities:    
Accounts payable, accrued expenses (486,835) (466,096)
Operating lease liabilities (341,411) (233,222)
Expense waivers - related party 59,064 553,336
Net cash (used in) provided by operating activities (1,447,862) 4,414,649
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for acquisition of business 0 (993,435)
Purchase of real estate and equipment (3,988) (30,213)
Sale of investments 506,492 0
Purchase of investments (1,533,385) (411)
Net cash used in investing activities (1,030,881) (1,024,059)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of property and equipment loans (7,208) (3,445)
Principle payment of finance lease liability (1,753) 0
Issuance costs pursuant to planned stock issuance (249,720) 0
Net cash used in financing activities (258,681) (3,445)
Effect of exchange rate change on cash and cash equivalents (50,404) 123,331
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (2,787,828) 3,510,476
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE 16,086,944 9,826,042
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 13,299,116 13,336,518
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid 8,046 7,985
Income taxes paid, net of refunds 632,961 859,320
Non-cash financing and investing activities:    
Reclassification of acquisition deposit 0 122,111
Acquisition of operating right-of-use assets through operating lease liability 995,805 730,741
Acquisition of equipment through finance lease liability $ 150,625 $ 0