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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOW FROM OPERATING ACTIVITIES:    
Net income (loss) $ (1,062,973) $ 7,177,448
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 22,786 22,406
Amortization of intangible assets 93,694 127,640
Stock based compensation 94,538 85,987
Bad debt expense 0 93,151
Amortization of right of use assets 90,634 92,651
Deferred tax (benefit) (439,568) 84,871
Increase (decrease) in cash due to change in:    
Accounts receivable 1,000,401 (11,945,931)
Inventories 247,576 9,018,037
Prepaid expenses and other current assets 10,544 9,192
Prepaid income taxes (102,055) 0
Advance payments to vendors (88,114) (9,870)
Other assets 5,321 (2,925)
Accounts payable (6,156,666) 2,766,929
Income tax payable (69,984) 1,883,173
Unearned revenue from customers 125,701 0
Lease liabilities (93,853) (95,871)
Accrued liabilities (46,568) (148,193)
Net cash (used) provided by operating activities (6,368,586) 9,158,695
CASH FLOW FROM INVESTING ACTIVITIES:    
Purchases of short-term investments (585) (1,621)
Purchases of property and equipment (6,032) (5,704)
Payments for capitalized product development costs (35,543) (78,342)
Purchases of intangible assets (1,325) (938)
Net cash used in investing activities (43,485) (86,605)
CASH FLOW FROM FINANCING ACTIVITIES:    
Sales of common stock sold from treasury stock 0 6,000,008
Cash received from exercise of stock options 21,595 17,420
Net cash provided by financing activities 21,595 6,017,428
Effect of foreign currency translation (127,605) 66,424
Net (decrease) increase in cash and cash equivalents (6,518,081) 15,155,942
Cash and cash equivalents, beginning of year 45,796,006 28,161,644
Cash and cash equivalents, end of year 39,277,925 43,317,586
Cash paid during the periods for:    
Income taxes $ (200,350) $ (7,335)