v3.25.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows provided by (used in) operating activities:    
Net income $ 7,534,232 $ 5,114,852
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Non cash compensation 552,800 1,882,076
Depreciation & amortization 441,718 265,036
Deferred income tax 502,454 (730,000)
Provision for allowance for doubtful accounts for accounts receivable and contracts receivable 2,529,500 348,788
Changes in assets and liabilities:    
Accounts receivable (2,993,192) (6,440,025)
Prepaid expenses (327,148) (370,766)
Other receivable (161,530) 560
Related party receivable 69,975
Other assets (54,293) (183,917)
Accounts payable and accrued liabilities 1,056,269 1,283,922
Income tax payable (847,085) 1,296,280
Deferred unearned tuition (465,486) (887,979)
Net cash provided by operating activities 7,768,239 1,648,802
Cash flows used in investing activities:    
Cash paid under APA (6,133,087)
Purchases of property and equipment (844,320) (423,710)
Net cash used in investing activities (6,977,407) (423,710)
Cash flows provided by (used in) financing activities:    
Proceeds from IPO, net of offering cost 9,162,845
Proceeds from exercise of options 374,631
Principal payment on finance lease (57,260) (67,379)
Principal payments on debt (330,840) (171,170)
Net cash provided by (used in) financing activities 9,149,376 (238,549)
Net increase cash and cash equivalents and restricted cash 9,940,208 986,543
Cash and cash equivalents and restricted cash, beginning of year 10,376,149 9,389,606
Cash and cash equivalents and restricted cash, end of year 20,316,357 10,376,149
Supplemental disclosure of cash flow information    
Cash paid during the periods for interest 136,267 118,162
Cash paid during the periods for income taxes 3,833,228 1,304,329
Supplemental disclosure of noncash activities    
Non-cash purchase of financed lease assets 340,048
Non-cash purchase of equipment 567,451 145,694
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 $ (205,670)

Source

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