XML 54 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jan. 31, 2015
Jan. 31, 2014
Cash flows from operating activities:    
Net income (loss) $ (1,737,024)us-gaap_NetIncomeLoss $ 6,560us-gaap_NetIncomeLoss
Adjustment to reconcile net income (loss) to net cash used in operating activities:    
Amortization of intangibles 374,298us-gaap_AmortizationOfIntangibleAssets 0us-gaap_AmortizationOfIntangibleAssets
Change in fair value of derivative liability 48,707us-gaap_IncreaseDecreaseInDerivativeLiabilities 0us-gaap_IncreaseDecreaseInDerivativeLiabilities
Issuance of stock to advisors 189,400us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims 47,000us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims
Stock based compensation 129,204us-gaap_ShareBasedCompensation 4,181us-gaap_ShareBasedCompensation
Issuance of stock to investor relation firm 77,500abhi_IssuanceOfStockToInvestorRelationFirm 50,000abhi_IssuanceOfStockToInvestorRelationFirm
Depreciation 17,816us-gaap_Depreciation 11,187us-gaap_Depreciation
Amortization of discount on convertible debt 6,667us-gaap_AmortizationOfDebtDiscountPremium  
Change in bad debt reserve 192us-gaap_ProvisionForDoubtfulAccounts 0us-gaap_ProvisionForDoubtfulAccounts
Issuance of Preferred A stock to Officer 0abhi_Issuanceofpreferredstocktoofficer 2,950abhi_Issuanceofpreferredstocktoofficer
Change in inventory allowance (5,806)abhi_IncreaseReductionInAllowanceForInventory 101abhi_IncreaseReductionInAllowanceForInventory
Decrease/ (increase) in operating assets and liabilities:    
Accounts receivable (11,805)us-gaap_IncreaseDecreaseInAccountsReceivable (20,494)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory 38,779us-gaap_IncreaseDecreaseInInventories 4,638us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (12,477)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 62,709us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued liabilities 137,212us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 47,683us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Deferred revenue 16,083us-gaap_IncreaseDecreaseInDeferredRevenue (380,000)us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash used in operating activities (731,254)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (163,485)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Capital expenditures 0us-gaap_PaymentsToAcquireProductiveAssets (106,514)us-gaap_PaymentsToAcquireProductiveAssets
Net cash used in investing activities 0us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (106,514)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Proceeds from issuance of convertible debt 134,000us-gaap_ProceedsFromConvertibleDebt 0us-gaap_ProceedsFromConvertibleDebt
Proceeds from sale of common stock 120,000us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock
Payment on capital Lease (11,634)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations 0us-gaap_RepaymentsOfLongTermCapitalLeaseObligations
Proceeds/ (Payment) for note payable (Auto Loan) (6,603)us-gaap_ProceedsFromRepaymentsOfNotesPayable 81,117us-gaap_ProceedsFromRepaymentsOfNotesPayable
Net cash provided by financing activities 235,763us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 81,117us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net decrease in cash and cash equivalents (495,491)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (188,882)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 523,540us-gaap_CashAndCashEquivalentsAtCarryingValue 596,871us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 28,049us-gaap_CashAndCashEquivalentsAtCarryingValue 407,989us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental information:    
Income taxes paid 0us-gaap_IncomeTaxesPaid 0us-gaap_IncomeTaxesPaid
Interest paid 8,769us-gaap_InterestPaid 1,181us-gaap_InterestPaid
Noncash investing and financing activities:    
Fixed assets acquired pursuant to a capital lease 93,294us-gaap_FairValueOfAssetsAcquired 0us-gaap_FairValueOfAssetsAcquired
Embedded derivative liability issued in connection with convertible debt 102,000us-gaap_DebtConversionConvertedInstrumentAmount1 0us-gaap_DebtConversionConvertedInstrumentAmount1
Issuance of common stock in connection with convertible debt 42,000us-gaap_StockIssued1 0us-gaap_StockIssued1
Conversion of preferred stock, series A, to common stock 10,000us-gaap_ConversionOfStockAmountConverted1 0us-gaap_ConversionOfStockAmountConverted1
6% dividend for preferred stock Series B holders issued in common stock $ 126abhi_DividendsPayableOnPreferredStock $ 0abhi_DividendsPayableOnPreferredStock