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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended 9 Months Ended 12 Months Ended
Jan. 31, 2012
Jan. 31, 2011
Apr. 30, 2012
Apr. 30, 2011
Jul. 31, 2011
Jul. 31, 2010
Cash flows from operating activities:            
Net income (loss) $ (532,209) $ 261,308 $ (513,338) $ 208,394 $ (187,400) $ 48,881
Net income items not affecting cash:            
Depreciation and amortization 3,394 2,205 4,891 3,913 5,756 2,876
Non cash bonus         0 55,000
Stock-based compensation 5,413 16,671 7,055 20,570 96,019 41,861
Issuance of stock to investment firm 245,001 0        
Inventory valuation adjustment         0 35,078
Increase (reduction) in bad debt reserve (3,492) (11,448) 471 (19,995) (11,432) 0
Increase (decrease) in reserve for inventory loss (4,203) 5,780 45,974 (13,136) (4,567) 0
Decrease / (Increase) in operating assets:            
Accounts receivable (39,242) (534,370) (21,108) 166,185 511,489 (371,316)
Inventory 106,686 14,038 31,658 86,278 52,661 (122,544)
Other receivables 0 13,689 0 11,251 11,251 (753)
Prepaid expense 16,909 (30,200) (51,984) (175,807) (22,330) 79,307
Deposit     0 (16,558) (16,558) 0
Increase / (Decrease) in operating liabilities:            
Accounts payable - trade 29,502 (3,103) 35,561 (14,199) 2,417 (29,836)
Accrued payable - other 38,819 (31,352) 54,984 (33,046) (39,770) 7,514
Unearned revenue 154,956 0 72,818 71,970 10,364 1,665
Net cash provided by (used in) operating activities 21,534 (296,782) (333,018) 295,820 407,900 (252,267)
Cash flows from investing activities:            
Payment of notes to related parties     0 (30,000) (100,000) (65,000)
Capital expenditures 0 (518) 0 (18,962) (19,236) (7,545)
Net cash used in investing activities 0 (518) 0 (48,962) (119,236) (72,545)
Cash flows from financing activities:            
Net proceeds from (Net payments on) line of credit (290,000) 250,000 (290,000) 300,000 190,000 100,000
Payments on notes payable (30,000) (60,000) (45,000) (75,000) (120,000) (150,000)
Cash used in reverse merger, net of cash received         0 (98,153)
Issuance of stock to outside firms for services     275,100 0 0 500,000
Proceeds from sale of preferred stock         0 2,600
Net cash provided by (used in) financing activities (320,500) 190,000 (59,900) 225,000 70,000 354,447
Net increase (decrease) in cash and cash equivalents (298,966) (107,300) (392,919) 471,858 358,664 29,635
Cash and cash equivalents, beginning of year 524,512 165,848 524,512 165,848 165,848 136,213
Cash and cash equivalents, end of quarter 225,546 58,548 131,593 637,706 524,512 165,848
Supplemental information:            
Income taxes paid 0 0 0 0 1,600 2,740
Interest paid $ 3,084 $ 12,519 $ 3,083 $ 20,342 $ 25,172 $ 17,700