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Condensed Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net loss $ (12,811,610) $ (9,513,300)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property, plant and equipment 644,790 736,551
Amortization of intangible assets 0 411,073
Amortization of discounts and debt issuance costs on notes payable 0 14,566
Stock-based compensation, net 1,263,529 962,361
Equity in loss of investee company 495,119 657,882
Gain on investment in investee company (1,257,407) 0
Interest accreted on note receivable (9,107) 0
Changes in assets and liabilities    
Accounts receivable 937,931 (604,099)
Inventories 154,853 1,219,306
Prepaids and other current assets (145,723) (85,838)
Refundable income taxes 91,191 46,037
Accounts payable 467,102 18,710
Accrued expenses (1,473,945) 1,872,642
Customer deposits 436,010 (1,453,117)
Accrued compensation and benefits 40,170 30,744
Net cash used in operating activities (11,167,097) (5,686,482)
Cash flows from investing activities    
Changes in restricted cash 9,708 (9,901)
Expenditures for property and equipment (427,499) (51,543)
Issuance of note receivable (150,000) 0
Net cash used in investing activities (567,791) (61,444)
Cash flows from financing activities    
Payment of deferred financing costs (545,825) 0
Repayments of bank loans and notes payable (1,018,062) (929,403)
Proceeds from issuance of preferred stock and warrants 0 3,000,000
Preferred stock issuance costs 0 (96,967)
Proceeds from issuance of common stock 14,837,760 14,231,250
Common stock issuance costs (1,148,023) (1,194,786)
Contribution of capital from noncontrolling interest 13,756 0
Net cash provided by financing activities 12,139,606 15,010,094
Effect of exchange rate changes on cash and cash equivalents (7,978) 1,932
Net increase (decrease) in cash and cash equivalents 396,740 9,264,100
Cash and cash equivalents - beginning of period 10,360,721 1,096,621
Cash and cash equivalents - end of period 10,757,461 10,360,721
Cash paid for interest 114,236 147,106
Cash received for income tax credit $ 0 $ 133,996