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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities:    
Net income (loss) $ 635,819 $ (526,462)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for (recovery of) doubtful accounts 8,108 (13,338)
Depreciation of equipment and leasehold improvements 153,559 189,138
Stock-based compensation expense 309,756 284,894
Deferred income taxes   11,650
Change in cash surrender value of life insurance (158,521) (145,605)
Change in deferred compensation accrual 58,000 37,016
Deferred compensation paid (75,000) (75,000)
Other income - SBA loan forgiveness (506,700)  
Net changes in operating assets and liabilities:    
Accounts receivable (234,090) 1,200,714
Inventories (264,220) 150,137
Prepaid expenses and other current assets (135,479) (100,724)
Income taxes receivable 4,019 (10,569)
Accounts payable 282,535 (607,099)
Accrued liabilities 474,481 111,312
Deferred revenue 232,413 (153,076)
Net cash provided by operating activities 784,680 352,988
Investing activities:    
Purchase of equipment and leasehold improvements (374,558) (239,392)
Life insurance premiums paid (103,730) (112,794)
Net cash (used in) investing activities (478,288) (352,186)
Financing activities:    
Proceeds from exercise of stock options 88,918  
Net cash provided by financing activities 88,918  
Net increase in cash and cash equivalents 395,310 802
Cash and cash equivalents at beginning of period 3,999,409 2,228,282
Cash and cash equivalents at end of period $ 4,394,719 $ 2,229,084