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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ 497,168 $ (1,880,993)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 149,208 154,765
Stock-based compensation 6,700 0
Unrealized loss on investments 111,855 1,059
Loss on disposal of equipment 0 23,407
Operating lease right-of-use asset - non-cash lease cost 231,070 164,637
Decrease (increase) in current assets:    
Accounts receivable, net (179,083) (397,282)
Accounts receivable - related party 565,296 276,224
Prepaid income taxes and tax receivable 61,872 (111,698)
Inventories (194,695) (154,924)
Other current assets (34,814) 129,731
Decrease (increase) in current liabilities:    
Accounts payable, accrued expenses and legal settlement (149,343) 2,786,828
Operating lease liabilities (233,992) (166,417)
Expense waivers - related party 70,448 38,328
Purchase consideration payable (22,493) 0
Net cash provided by operating activities 879,197 863,665
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (9,418) (3,560)
Proceeds from sale of investments 0 506,462
Purchase of investments (257,624) (423)
Net cash (used in) provided by investing activities (267,042) 502,479
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of property and equipment loans (3,476) (3,584)
Net cash used in financing activities (3,476) (3,584)
Effect of exchange rate change on cash and cash equivalents (237,331) (154,376)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 371,348 1,208,184
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE 13,928,899 16,086,944
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 14,300,247 17,295,128
Cash and cash equivalents 13,370,714 17,282,128
Restricted cash 929,533 13,000
Total cash, cash equivalents and restricted cash shown in statement of cash flows 14,300,247 17,295,128
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid 4,018 4,080
Income taxes paid, net $ 70,557 $ 286,768