XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Income - USD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Net revenue    
Net revenue $ 34,876,734 $ 37,829,123
Cost of revenue 8,750,546 9,194,783
Gross profit 26,126,188 28,634,340
Operating expense    
Salaries and compensation 10,042,155 8,812,081
General and administrative expense 7,075,639 6,794,645
Fund operations 4,387,004 4,600,535
Marketing and advertising 2,623,965 2,985,659
Depreciation and amortization 577,086 561,019
Legal settlement 0 2,500,000
Total operating expenses 24,705,849 26,253,939
Income from operations 1,420,339 2,380,401
Other income (expense):    
Interest and dividend income 274,932 35,357
Interest expense (19,940) (31,512)
Other (expense), net (81,313) (26,125)
Total other income (expense), net 173,679 (22,280)
Income before income taxes 1,594,018 2,358,121
Provision of income taxes (428,989) (1,212,400)
Net income $ 1,165,029 $ 1,145,721
Weighted average shares of common stock    
Basic (in shares) 40,370,659 39,034,611
Diluted (in shares) 40,403,999 39,034,611
Net income per common share    
Basic (in dollars per share) $ 0.03 $ 0.03
Diluted (in dollars per share) $ 0.03 $ 0.03
Related Party [Member]    
Net revenue    
Revenue $ 20,862,191 $ 23,835,348
Nonrelated Party [Member] | Food and Beverage [Member]    
Net revenue    
Revenue 7,631,837 7,930,888
Nonrelated Party [Member] | Security Alarm Monitoring [Member]    
Net revenue    
Revenue 2,832,531 2,533,098
Nonrelated Party [Member] | Beauty Products [Member]    
Net revenue    
Revenue 3,033,100 3,529,789
Nonrelated Party [Member] | Financial Service [Member]    
Net revenue    
Revenue $ 517,075 $ 0