v3.25.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOW FROM OPERATING ACTIVITIES:    
Net loss $ (140,429) $ (4,166,671)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 33,125 33,958
Amortization of intangible assets 827,091 993,214
(Gain) loss from foreign currency transactions (233,720) 572,426
Stock based compensation 350,593 295,104
Bad debt expense 158,400 0
Reserve for allowance slow moving inventories 63,846 16,934
(Gain) from trading vehicle and loss from the disposal of property and equipment and intangible assets (3,563) 10,417
Recovery of litigation settlement with an officer (1,000,000) 0
Forgiveness of debts (247,592) 0
Net change of right use assets and lease liabilities 349 5,246
Deferred tax benefit (79,703) (958,759)
Increase (decrease) in cash due to change in working capital:    
Accounts receivable (311,767) 7,722,229
Inventories (993,069) 2,290,211
Other current assets (34,349) (64,311)
Advance payments to vendors 18,121 (23,792)
Other assets 0 (4,699)
Accounts payable 855,382 (5,685,087)
Contract liabilities and advance from customers (33,471) 8,248
Accrued legal contingency expense 0 (2,400,000)
Accrued liabilities 2,615,116 581,972
Net cash provided by (used in) operating activities 1,844,360 (773,360)
CASH FLOW FROM INVESTING ACTIVITIES:    
Contribution to a subsidiary by an EMS partner 2,000,000 0
Proceeds (purchases) of short-term investments (437,774) 910,034
Purchases of property and equipment (32,765) (55,025)
Cash proceeds from sales of a vehicle 10,500 0
Payments for capitalized product development costs and intangible assets (533,563) (131,151)
Net cash provided by investing activities 1,006,398 723,858
CASH FLOW FROM FINANCING ACTIVITIES:    
Repayment received from the employee loan 0 91,057
Payment to repurchase stock option from an officer (408,663) 0
Net cash (used in) provided by financing activities (408,663) 91,057
Effect of foreign currency translation 32,522 (16,285)
Net increase in cash and cash equivalents 2,474,617 25,270
Cash and cash equivalents, beginning of year 12,266,556 12,241,286
Cash and cash equivalents, end of year 14,741,173 12,266,556
Cash paid during the periods for:    
Income taxes (40,800) (46,000)
Noncash supplemental disclosure of cash flow information:    
Accrued liabilities offset with other receivable from an officer: $ (337,404) $ 0