v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,643,190) $ (9,038,069)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 651,209 530,161
Stock-based compensation 82,369 188,961
Provision for uncollectible accounts 85,000 107,000
Recovery of sales returns 0 (160,000)
Provision for accounts receivable discounts 0 11,976
Changes in operating assets and liabilities:    
Accounts receivable 52,321 (145,461)
Inventory 2,965,352 1,445,889
Prepaid expenses and other assets 593,500 574,892
Accounts payable (2,205,602) 1,079,280
Accrued expenses and other liabilities (808,392) (651,388)
Net cash used in operating activities (5,227,433) (6,056,759)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (207,754) (723,256)
Payments for intangible assets (25,675) (49,294)
Net cash used in investing activities (233,429) (772,550)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from line of credit 0 500,000
Payments on line of credit (2,300,000) 0
Net cash provided by (used in) financing activities (2,300,000) 500,000
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (7,760,862) (6,329,309)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 9,465,518 15,568,911
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 1,704,656 9,239,602
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 0 16,486
Cash paid during the period for interest expense $ 87,372 $ 10,770