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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities    
Net loss $ (3,292,481) $ (3,451,317)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 1,426,172 767,135
Bad debt expense 50,000
Reserve for contract asset 960,000
Stock-based compensation 749,736 1,504,586
Release of valuation allowance on deferred tax assets (4,085,000)
Changes in operating assets and liabilities:    
Accounts receivable (2,096,665) (513,749)
Inventories (5,673,609) (1,189,559)
Prepaid expenses and other current assets (481,817) 9,895
Lease and other assets 77,689 (7,310)
Intangible assets 65,980
Accounts payable, accrued expenses and other current liabilities (1,008,698) 1,651,129
Net cash used in operating activities (13,424,673) (1,113,210)
Investing activities    
Acquisition of property, plant and equipment (211,347) (485,191)
Additional patents (71,893) (75,105)
Cash from acquisition of Solsys Medical, LLC 5,525,601
Net cash provided by (used in) investing activities 5,242,361 (560,296)
Financing activities    
Proceeds from notes payable 18,750,000
Repayments of notes payable (3,819,940)
Stock registration fees (1,361,392)
Proceeds from exercise of stock options 1,175,084 867,337
Net cash provided by financing activities 14,743,752 867,337
Net increase (decrease) in cash and cash equivalents 6,561,440 (806,169)
Cash and cash equivalents at beginning of year 7,842,403 10,979,455
Cash and cash equivalents at end of year 14,403,843 10,173,286
Cash paid for:    
Interest 814,577
Income taxes 550 13,273
Transfer of inventory to property, plant and equipmment for consignment of product 1,940,179 497,917
Stock issued for the acquisition of Solsys Medical, LLC $ 108,643,710