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STATEMENT OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:      
Net loss $ (3,014,100) $ (2,109,685) $ (2,192,170)
Adjustments to reconcile net loss to net cash provided (used in) by operating activities:      
Depreciation and amortization 619,801 822,068 931,408
Stock based compensation 2,415 3,097 2,830
Provision for doubtful accounts and sales returns and allowances 21,750 19,649 (12,118)
Deferred tax provision (138,876) 18,772 163,100
Changes in operating assets and liabilities:      
Accounts receivable 39,720 563,055 (373,437)
Inventories (1,595,593) 497,446 681,413
Income tax receivable 0 0 377
Customer deposits 2,269,465 192,020 (242,023)
Other current assets 15,103 5,697 65,073
Accounts payable 1,330,172 (4,386) 33,215
Other accrued liabilities 1,097,724 51,609 82,740
Net cash provided by (used in) operating activities 647,581 59,342 (859,592)
Cash flows from investing activities:      
Capital expenditures (617,811) 0 0
Net cash used in investing activities (617,811) 0 0
Cash flows from financing activities:      
Borrowings under revolving credit agreement 32,856,428 32,176,067 14,774,091
Payments under revolving credit agreement (32,856,428) (32,176,067) (14,774,091)
Proceeds from Payroll Protection Program loan 2,374,859 0 0
Net cash provided by financing activities 2,374,859 0 0
Net increase (decrease) in cash and cash equivalents 2,404,629 59,342 (859,592)
Cash and cash equivalents at beginning of year 195,454 136,112 995,704
Cash and cash equivalents at end of year 2,600,083 195,454 136,112
Supplemental disclosures of cash flow information:      
Income taxes 8,517 10,675 9,561
Interest 64,862 56,223 23,569
Non-cash investing and financing activities      
Lease liability and right of use asset arising from operating leases 17,326 0 0
Capital expenditures included in accounts payable at year end $ 140,602 $ 0 $ 0