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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOW FROM OPERATING ACTIVITIES:    
Net loss $ (1,510,361) $ (2,219,341)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 30,025 45,640
Amortization of intangible assets 360,893 226,129
Stock based compensation 360,525 192,465
Forgiveness of debts (165,000)
Amortization of right of use assets 146,436 161,227
Deferred tax (benefit) 14,683 (932,493)
Increase (decrease) in cash due to change in:    
Accounts receivable (6,773,361) 1,345,644
Inventories (3,191,635) (947,842)
Prepaid expenses and other current assets 19,329 (6,945)
Prepaid income taxes (102,055)
Loan to an employee (89,000)
Advance payments to vendors (100,270) (48,092)
Other assets (2,024) 5,367
Accounts payable 3,771,831 (6,189,648)
Income tax payable (4,853) (60,593)
Unearned revenue from customers 27,649 390,551
Lease liabilities (152,876) (167,665)
Advance payments from customers 12,905 0
Accrued liabilities 57,914 (128,185)
Net cash used in operating activities (7,187,190) (8,435,836)
CASH FLOW FROM INVESTING ACTIVITIES:    
Purchases of short-term investments (293,545) (1,056)
Purchases of property and equipment (45,483) (22,624)
Payments for capitalized product development costs (1,046,980) (453,689)
Purchases of intangible assets (7,756) (1,800)
Net cash used in investing activities (1,393,764) (479,169)
CASH FLOW FROM FINANCING ACTIVITIES:    
Cash received from exercise of stock options 134,000 21,595
Net cash provided by financing activities 134,000 21,595
Effect of foreign currency translation 74,039 (200,686)
Net decrease in cash and cash equivalents (8,372,915) (9,094,096)
Cash and cash equivalents, beginning of period 26,277,418 45,796,006
Cash and cash equivalents, end of period 17,904,503 36,701,910
Cash paid during the periods for:    
Income taxes $ (800) $ (200,350)