XML 18 R5.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net income (loss) $ 434,114 $ (3,411,220) [1],[2],[3]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for (recovery of) doubtful accounts 23,422 (4,874) [1]
Loss on disposal of equipment and leasehold improvements 343 [1]
Depreciation of equipment and leasehold improvements 429,750 526,261 [1]
Stock-based compensation expense 387,556 331,560 [1]
Deferred income taxes (13,276) 3,041,405 [1]
Change in cash surrender value of life insurance (72,019) (218,224) [1]
Change in deferred revenue (50,882) 15,638 [1]
Change in deferred compensation accrual 175,953 249,591 [1]
Deferred compensation paid (150,000) (150,000) [1]
Net changes in operating assets and liabilities (see Note 13) 246,447 650,607 [1],[4]
Cash provided by operating activities 1,411,065 1,031,087 [1]
Investing activities:    
Purchase of equipment and leasehold improvements (187,756) (250,618) [1]
Life insurance premiums paid (123,237) (131,219) [1]
Cash used in investing activities (310,993) (381,837) [1]
Financing Activities:    
Exercise of common stock options 46,677 [1]
Net cash flows provided by financing activities 46,677 [1]
Net increase in cash and cash equivalents 1,146,749 649,250 [1]
Cash and cash equivalents at beginning of year [1] 1,081,533 [5] 432,283
Cash and cash equivalents at end of year $ 2,228,282 $ 1,081,533 [1],[5]
[1] As adjusted for the retrospective adoption of ASC 606
[2] As adjusted for the retrospective adoption of ASC 606
[3] As adjusted for the retrospective adoption of ASC 606
[4] As adjusted for retrospective adoption of ASC 606 and ASC 842
[5] As adjusted for the retrospective adoption of ASC 606 and ASC 842