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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net income (loss) $ 126,928 $ (310,749)
Adjustments to reconcile net income (loss) to net cash (used in) operating activities:    
Provision for doubtful accounts 10,698 2,584
Depreciation of equipment and leasehold improvements 74,278 94,357
Stock-based compensation expense 152,994 148,188
Deferred income taxes   3,319
Change in cash surrender value of life insurance (157,285) (144,872)
Change in deferred compensation accrual 21,000 37,016
Deferred compensation paid (37,500) (37,500)
Net changes in operating assets and liabilities:    
Accounts receivable (922,662) 520,401
Inventories 241,541 (7,331)
Prepaid expenses and other current assets (200,115) (97,147)
Income taxes receivable 1,479 (2,261)
Accounts payable 111,250 (864,195)
Accrued liabilities 269,335 61,102
Deferred revenue 127,159 (25,193)
Net cash (used in) operating activities (180,900) (622,281)
Investing activities:    
Purchase of equipment and leasehold improvements (264,996) (163,881)
Life insurance premiums paid (103,568) (112,633)
Net cash (used in) investing activities (368,564) (276,514)
Financing activities:    
Net (decrease) in cash and cash equivalents (549,464) (898,795)
Cash and cash equivalents at beginning of period 3,999,409 2,228,282
Cash and cash equivalents at end of period $ 3,449,945 $ 1,329,487