XML 46 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Cash flows from operating activities:    
Net income (loss) $ 146,623 $ (492,832)
Net income items not affecting cash:    
Depreciation and amortization 1,544 1,792
Stock-based compensation 2,294 2,858
Issuance of stock to board member for advisory services 6,000 0
Increase (reduction) in bad debt reserve 110 (2,256)
Decrease in reserve for inventory loss (19,350) (10,321)
Decrease / (Increase) in operating assets:    
Accounts receivable (104,122) 128,592
Inventory 113,784 37,207
Prepaid expense 42,467 3,891
Increase / (Decrease) in operating liabilities:    
Accounts payable - trade (18,402) 3,627
Accrued payable - other (18,728) 23,156
Unearned revenue (79,000) 62,836
Net cash provided by (used in) operating activities 73,220 (241,450)
Cash flows from investing activities:    
Capital expenditures (966) 0
Net cash used in investing activities (966) 0
Cash flows from financing activities:    
Net payments on line of credit 0 (290,000)
Payments on notes payable (15,000) (15,000)
Issuance of stock to outside firms for services 0 225,001
Net cash used in financing activities (15,000) (79,999)
Net increase (decrease) in cash and cash equivalents 57,254 (321,449)
Cash and cash equivalents, beginning of period 249,327 524,512
Cash and cash equivalents, end of period 306,581 203,063
Supplemental information:    
Income taxes paid 0 0
Interest paid $ 0 $ 3,093