v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows provided by (used in) operating activities:    
Net income $ 7,258,957 $ 6,307,264
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Loss on disposal of fixed assets 11,895
Non cash compensation 861,205 283,553
Depreciation & amortization 453,095 317,047
Provision for allowance for doubtful accounts for accounts receivable and contracts receivable 1,435,190 3,445,762
Changes in assets and liabilities:    
Accounts receivable (5,712,506) (5,659,199)
Prepaid expenses (1,090,437) (280,625)
Other receivable (323,860) (656,340)
Other assets 51,471 (38,119)
Accounts payable and accrued liabilities (905,810) (15,435)
Income tax payable 180,604 (1,371,247)
Deferred unearned tuition 656,461 2,430,343
Net cash provided by operating activities 2,876,265 4,763,003
Cash flows used in investing activities:    
Cash paid under APA (6,133,087)
Purchases of property and equipment (1,038,130) (750,163)
Net cash used in investing activities (1,038,130) (6,883,250)
Cash flows provided by (used in) financing activities:    
Proceeds from IPO, net of offering cost 9,162,845
Proceeds from exercise of options 354,278 104,927
Principal payment on finance lease (68,126) (63,145)
Principal payments on debt (759,580) (133,531)
Net cash provided by (used in) financing activities (473,428) 9,071,096
Net increase cash and cash equivalents and restricted cash 1,364,707 6,950,849
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 21,681,064 17,326,998
Supplemental disclosure of cash flow information    
Cash paid during the periods for interest 56,326 79,142
Cash paid during the periods for income taxes 2,657,067 1,211,413
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 $ 267,136

Source

10-Q PDF XBRL Zip