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Cash Flows (Tables)
12 Months Ended
Dec. 31, 2012
Cash Flows  
Schedule of supplemental disclosure of cash flow information

Supplemental disclosure of cash flow information for the year ended December 31, 2012, the Transition Period ended December 31, 2011 and the fiscal year ended June 30, 2011 is as follows:

 

 

 

December 31,
2012

 

December 31,
2011

 

June 30,
2011

 

 

 

 

 

 

 

 

 

Cash paid during the period for:

 

 

 

 

 

 

 

Interest

 

$

 

$

 

$

596,495

 

Taxes

 

149,245

 

 

782,670

 

Supplemental disclosure for noncash investing and financing activity:

 

 

 

 

 

 

 

Dividends accrued on Preferred Stock

 

 

399,224

 

1,586,114

 

Dividends recognized from beneficial conversion feature

 

17,792

 

7,362

 

14,724

 

Conversion of Series H Preferred Stock

 

 

 

86,000

 

Settlement of Series I Preferred Stock

 

 

(4,180,000

)

 

Equipment purchased under capital leases

 

 

 

68,180

 

Repayment of note payable-related party from proceeds on sale of subsidiaries

 

 

(14,385,827

)

 

Professional fees paid from proceeds on sale of subsidiaries

 

 

(1,323,191

)

 

Note receivable from sale of Safety

 

 

(2,500,000

)

 

Proceeds from sale of Safety exchanged for Series I Preferred Stock

 

 

(1,000,000

)

 

Escrow receivable from sale of subsidiary

 

 

(800,000

)

 

Settlement of related party notes payable With equity issuance

 

(3,994,951

)

 

 

Settlement of Series F and H preferred Stock with equity issuance

 

(9,998,988

)

 

 

Settlement of dividends payable

 

(4,234,557

)

 

 

Exchange of non-controlling interests For Series J preferred stock and Common stock

 

(998,070

)

 

 

Retirement of treasury stock

 

250,000

 

 

 

Conversion of Series J preferred stock and Common stock

 

(31,500

)

 

 

Collection of related party note receivable With management bonus

 

458,453

 

 

 

Settlement of note receivable

 

1,228,408

 

 

 

Settlement of warrants payable

 

(169,768

)