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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (1,197,713) $ 339,617
Adjustments to Reconcile Net Loss to Net Cash Used In Operating Activities -    
Depreciation and amortization 137,869 104,379
Stock-based compensation expense 741,637 314,252
Gain on forgiveness of bank note 0 (808,962)
Changes in Operating Assets and Liabilities, net of effects of business acquisition -    
Non-cash interest expense 36,018 0
Accounts receivable, net (791,959) (52,344)
Inventories, net (623,817) 247,963
Due from related party 84,210 0
Prepaid expenses (85,791) 1,551
Accounts payable 1,118,149 (41,394)
Customer advances (258,487) (184,175)
Accrued compensation and other (40,083) 3,693
Net Cash Used In Operating Activities (879,967) (75,420)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additional patent costs (23,098) (40,307)
Purchases of property and equipment (59,562) (49,160)
Acquisition of businesses (421,729) (166,667)
Net Cash Used In Investing Activities (504,389) (256,134)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of capital lease obligations (28,546) (49,569)
Payments of long-term debt (154,453) 0
Payment of debt issuance costs (26,000) 0
Gross proceeds from private placement of common stock 1,500,000 0
Gross proceeds from exercise of stock options 63,290 28,271
Net Cash Provided By (Used in) Financing Activities 1,354,291 (21,298)
NET DECREASE IN CASH AND CASH EQUIVALENTS (30,065) (352,852)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 861,650 1,134,697
CASH AND CASH EQUIVALENTS, END OF PERIOD 831,585 781,845
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Offering costs included in accrued compensation and other 10,000 0
Acquisition of business financed with long-term debt 2,600,000 0
Acquisition of Manufacturing Equipment Under Capital Lease $ 0 $ 161,977