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Consolidated Statements of Cash Flows (unaudited) - USD ($)
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOW FROM OPERATING ACTIVITIES:    
Net loss $ (2,297,180) $ (1,298,722)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 28,059 41,341
Amortization of intangible assets 722,476 595,218
Stock based compensation 208,860 536,922
Forgiveness of debt 0 (190,293)
Amortization of right of use assets (1,389,797) 220,807
Deferred tax (benefit) provision (574,315) (558,631)
Increase (decrease) in cash due to change in:    
Accounts receivable (1,312,518) (5,895,731)
Advance to vendors (3,168) 117,436
Other receivables, prepaid expenses, and other current assets (77,379) 1,628
Prepaid income taxes (136,641) (10,363)
Inventories 2,605,602 (1,713,431)
Other assets (7,693) 837
Accounts payable (6,668,572) 1,214,246
Income tax payable (6,556) (5,532)
Contract liabilities and advance from customers 49,111 (62,965)
Lease liabilities 1,400,886 (230,466)
Accrued liabilities 486,310 283,500
Net cash used in operating activities (6,972,515) (6,954,199)
CASH FLOW FROM INVESTING ACTIVITIES:    
Sales (purchases) of short-term investments 1,995,606 (71,927)
Purchases of property and equipment (53,017) (45,212)
Payments for capitalized product development costs (121,708) (1,601,998)
Purchases of intangible assets (5,085) (12,570)
Net cash provided by (used in) investing activities 1,815,796 (1,731,707)
CASH FLOW FROM FINANCING ACTIVITIES:    
Loan to an employee 1,045 (90,045)
Cash received from exercise of stock options 0 134,000
Net cash provided by financing activities 1,045 43,955
Effect of foreign currency translation (81,118) (65,713)
Net decrease in cash and cash equivalents (5,236,792) (8,707,664)
Cash and cash equivalents, beginning of period 12,241,286 26,277,418
Cash and cash equivalents, end of period 7,004,494 17,569,754
Cash paid during the periods for:    
Income taxes $ (136,641) $ (800)