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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flow from operating activities    
Net income $ 257,404 $ 6,338,972
Adjustments to reconcile net income to net cash provided by operating activities    
Change in fair value of derivative liabilities (392,407) 340,000
Loss on debt extinguishment 258,037 0
Bad debt expense 0 109,358
Depreciation and amortization 1,196,435 876,112
Deferred taxes 0 1,010,000
Share based compensation 186,753 1,476,000
Write-off of inventory 237,674 0
Changes in assets and liabilities    
Accounts receivable 410,655 (2,371,274)
Inventory 53,372 74,880
Prepaid expenses and other current assets 46,011 59,528
Accounts payable and other liabilities (1,454,907) (314,738)
Accrued expenses (419,229) 0
Accrued commissions 182,054 150,260
Deferred rent 8,629 57,049
Net cash provided by operating activities 570,481 7,806,147
Cash flows from investing activities    
Purchases of property and equipment (22,103) (1,136,196)
Collections from notes receivable 0 50,000
Net cash used in investing activities (22,103) (1,086,196)
Cash flows from financing activities    
Proceeds from note payable - related party 250,000 (8,947,023)
Repayments of notes payable (1,057,811) (200,000)
Net cash used in financing activities (807,811) (9,147,023)
Net decrease in cash (259,433) (2,427,072)
Cash beginning of period 1,414,706 5,190,540
Cash end of period 1,155,273 2,763,468
Supplemental disclosure of cash paid for:    
Interest paid 0 94,000
Income taxes paid 0 8,000
Non-cash investing and financing activities    
Non-cash preferred dividends 276,111 67,082
Earn-out common dividends paid in stock 5,472,598 0
Conversion of accrued interest to notes payable 375,199 0
Derivative liability resulting from issuance of convertible notes $ 328,422 $ 0