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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 14,097,417 $ 12,126,516
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,596,421 4,540,135
Provision for credit losses 1,882,061 5,513,476
Deferred income tax - net 2,795,507 2,979,550
Amortization on right-of-use assets 4,311,762 4,264,818
Gain on sale of equipment – related party (581,183)
(Gain)Loss on disposition of fixed assets (75,411) 213,244
Abandoned patents 225,419 0
Changes in assets and liabilities    
Accounts, medical and management fee receivables (11,676,139) (8,055,843)
Notes receivable 55,200 (64,532)
Inventories (145,775) (209,845)
Prepaid expenses and other current assets 266,606 (438,911)
Other assets 42,359 2,763
Accounts payable 276,639 19,685
Other current liabilities 2,949,962 (2,527,100)
Customer advances (158,906) 241,132
Operating lease liabilities (4,541,352) (3,862,814)
Financing lease liabilities (217,569) (210,353)
Other liabilities (9,724) (64,791)
NET CASH PROVIDED BY OPERATING ACTIVITIES 14,093,294 14,467,130
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (789,961) (4,218,084)
Purchase of Short-term investment (103,303) (473)
Proceeds from sale of equipment 75,411 0
Cost of patents (32,885) (119,571)
NET CASH USED IN INVESTING ACTIVITIES (850,738) (4,338,128)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of borrowings and capital lease obligations (44,902) (36,615)
Purchase of treasury stock (2,505,832) (1,759,457)
Distributions to noncontrolling interests (5,630,336) (5,776,200)
NET CASH USED IN FINANCING ACTIVITIES (8,181,070) (7,572,272)
NET INCREASE IN CASH AND CASH EQUIVALENTS 5,061,486 2,556,730
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR 51,279,707 48,722,977
CASH AND CASH EQUIVALENTS - END OF YEAR $ 56,341,193 $ 51,279,707