XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.1
STATEMENT OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income (loss) $ 133,652 $ (2,476,091)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation and amortization 454,083 462,274
Stock based compensation 9,018 1,886
Provision for doubtful accounts and sales returns and allowances 17,549 21,623
Changes in operating assets and liabilities:    
Accounts receivable (66,253) (501,100)
Inventories (714,271) 511,884
Income tax receivable (11,280) (6,275)
Other current assets (206,864) (67,094)
Accounts payable (1,061,784) 221,731
Customer deposits (2,184,631) 2,174,731
Other accrued liabilities 13,136 663,239
Net cash provided by (used in) operating activities (3,617,645) 1,006,808
Cash flows from investing activities:    
Capital expenditures (167,163) (47,163)
Net cash used in investing activities (167,163) (47,163)
Cash flows from financing activities:    
Borrowings under revolving credit agreement 29,137,202 24,224,054
Payments under revolving credit agreement (27,676,022) (24,224,054)
Net cash provided by financing activities 1,461,180 0
Net increase (decrease) in cash and cash equivalents (2,323,628) 959,645
Cash and cash equivalents at beginning of period 2,600,083 195,454
Cash and cash equivalents at end of period $ 276,455 $ 1,155,099