v3.25.4
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows provided by (used in) operating activities:    
Net income $ 4,229,661 $ 3,489,799
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Loss on disposal of fixed assets 3,890
Non cash compensation 565,204 176,188
Depreciation & amortization 297,342 186,980
Provision for allowance for doubtful accounts for accounts receivable and contracts receivable 1,129,780 1,621,575
Changes in assets and liabilities:    
Accounts receivable (3,987,584) (1,788,302)
Prepaid expenses (749,134) (246,050)
Other receivable (325,930)
Other assets 57,474 (96,367)
Accounts payable and accrued liabilities (1,053,399) 699,149
Income tax payable 1,619,471 (1,287,386)
Deferred unearned tuition 325,131 1,088,717
Net cash provided by operating activities 2,111,906 3,844,303
Cash flows used in investing activities:    
Cash paid under APA (6,133,087)
Purchases of property and equipment (789,543) (428,091)
Net cash used in investing activities (789,543) (6,561,178)
Cash flows provided by (used in) financing activities:    
Proceeds from IPO, net of offering cost 9,252,349
Proceeds from exercise of options 235,523 77,083
Principal payment on finance lease (72,106) (68,807)
Principal payments on debt (744,812) (50,173)
Net cash provided by (used in) financing activities (581,395) 9,210,452
Net increase cash and cash equivalents and restricted cash 740,968 6,493,577
Cash and cash equivalents and restricted cash, beginning of year 20,316,357 10,376,149
Cash and cash equivalents and restricted cash, end of period 21,057,325 16,869,726
Supplemental disclosure of cash flow information    
Cash paid during the periods for interest 56,326 68,496
Cash paid during the periods for income taxes 2,626,407
Supplemental disclosure of noncash activities    
Non-cash purchase of equipment 39,275
Prepaid expense reclassifies to offering cost 276,866
Common stock issued as part of APA 1,000,000
Promissory note under APA 400,000
Net identifiable assets acquired under APA $ 237,023

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