XML 32 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Cash flows from operating activities:    
Net income (loss) $ 387,540 $ (513,338)
Net income items not affecting cash:    
Depreciation and amortization 4,698 4,890
Stock-based compensation 7,106 7,055
Issuance of stock to board member for advisory services 20,000 0
Increase (reduction) in bad debt reserve 483 471
Decrease in reserve for inventory loss 7,754 45,974
Decrease / (Increase) in operating assets:    
Accounts receivable 216,255 (21,108)
Inventory 89,296 31,658
Prepaid expense (29,212) (51,984)
Increase / (Decrease) in operating liabilities:    
Accounts payable - trade 28,211 35,561
Accrued payable - other (23,080) 54,984
Unearned revenue (215,004) 72,818
Net cash provided by (used in) operating activities 494,047 (333,019)
Cash flows from investing activities:    
Capital expenditures (1,075) 0
Net cash used in investing activities (1,075) 0
Cash flows from financing activities:    
Net payments on line of credit 0 (290,000)
Payments on notes payable (54,000) (45,000)
Issuance of stock to outside firms for services 0 275,100
Net cash used in financing activities (54,000) (59,900)
Net increase (decrease) in cash and cash equivalents 438,974 (392,919)
Cash and cash equivalents, beginning of period 249,327 524,512
Cash and cash equivalents, end of period 688,301 131,593
Supplemental information:    
Income taxes paid 0 0
Interest paid $ 0 $ 3,083