XML 27 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statement of Cash Flows (USD $)
3 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities:    
Net income (loss) $ (1,012,000) $ 264,221
Adjustments to reconcile income(loss) to net Cash provided by(used in) operating activities:    
Income Loss from discontinued operations (651,362) 327,322
Loss on sale of discontinued operations (123,702)  
Net loss from continuing operations (236,936) (63,101)
Stock option expense 64,625 30,250
Change in operating assets and liabilities:    
Accreted interest on note receivable 1,600  
(Increase) decrease in inventory (29,000)  
(Increase) decrease in prepaids and other assets (11,056) (7,212)
(Increase) decrease in other assets (37,128)  
Increase (decrease) in accounts payable 55,015  
Increase (decrease) in other accrued expenses (3,170)  
Net cash used in operating activities (196,050) (40,063)
Investing Activities:    
Payment received on note receivable-related party-Minot 45,000  
Purchases of property and equipment (34,311)  
Net cash provided by investing activities 10,689  
Financing Activities:    
Proceeds from exercise of warrants   30,000
Net cash provided by financing activities   30,000
Net cash used in continuing operations (185,361) (10,063)
Discontinued Operations:    
Net cash provided by (used in) operating activities of discontinued operations 115,442 (154,160)
Net increase(decrease) in cash and cash equivalents (69,919) (164,223)
Cash and cash equivalents at beginning of period 753,821 1,053,648
Cash and cash equivalents at end of period 683,902 889,425
Supplemental non-cash flow information:    
Compass Bank payable 250,000  
Payable to CP for equipment 155,000  
Note receivable-related party from sale of discontinued operations $ 127,500