XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Condensed Consolidated Statements of Operations (Unaudited)        
Net sales $ 10,529,853 $ 11,967,901 $ 22,830,748 $ 24,100,669
Cost of sales 8,449,192 8,626,927 17,085,782 16,857,742
Gross profit 2,080,661 3,340,974 5,744,966 7,242,927
Selling, general, and administrative expenses 3,481,529 3,937,839 7,578,196 8,183,465
Operating loss (1,400,868) (596,865) (1,833,230) (940,538)
Other income (expense):        
Interest expense, net (40,233) (63,630) (80,333) (103,573)
Other income (expense), net (166) (2,516) 954,936 3,396
Net other income (expense) (40,399) (66,146) 874,603 (100,177)
Loss before income taxes (1,441,267) (663,011) (958,627) (1,040,715)
Income tax (provision) benefit 0 (9,821) 0 (9,821)
Net loss (1,441,267) (672,832) (958,627) (1,050,536)
Deemed dividend on convertible preferred stock and accretion of discount 0 (51,352) 0 (51,352)
Preferred stock dividend, in common stock, issued or to be issued (182,153) (182,085) (369,236) (376,311)
Net loss attributable to common stockholders $ (1,623,420) $ (906,269) $ (1,327,863) $ (1,478,199)
Net loss per common share        
Basic and diluted $ (0.09) $ (0.06) $ (0.08) $ (0.10)
Weighted-average common shares outstanding        
Basic and diluted 17,726,869 14,601,186 17,646,040 14,340,774