XML 13 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,691,565) $ (405,269)
Adjustment to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 505,108 76,467
Fair value of vested stock options 37,084 20,529
Fair value of warrants issued for services (398,899)  
Fair value of common shares issued for services   17,648
Fair value of warrant extensions 264,714  
Changes in assets and liabilities:    
Accounts receivable (163,790) (381,887)
Inventory 201,945 (4,383)
Due from Factor 215,302  
Prepaid expenses 55,313 22,235
Prepaid royalties 524,291  
Other current assets 27,155 20,262
Accounts payable and accrued expenses 1,386,378 (394,762)
Other current liabilities (141,434) (57,330)
Net cash provided by (used in) operating activities 821,602 (1,086,490)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (30,680) (15,448)
Purchase of intangible assets (27,836)  
Acquisition of remaining interest in Pools Press   (120,000)
Net cash used in investing activities (58,516) (135,448)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of notes payable (13,085)  
Due to factor 7,004  
Payment of capital lease obligation (258,196) (8,226)
Payment of related parties (51,531)  
Advances (payments) under line of credit (354,225) 1,375,000
Net cash provided by (used in) financing activities (670,033) 1,366,774
Effect of exchange rate changes 83,962  
NET INCREASE IN CASH AND CASH EQUIVALENTS 177,015 144,836
CASH AND CASH EQUIVALENTS, Beginning of period 2,868,260 1,852,231
CASH AND CASH EQUIVALENTS, End of period 3,045,275 1,997,067
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Taxes paid      
Interest paid 51,694 15,150
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Adjustment to additional paid in capital to reflect acquisition of remaining noncontrolling interest   $ 34,904