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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities    
Net Income $ 1,278,894 $ 2,345,408
Adjustments to reconcile net income (loss) to net cash from operating activities    
Depreciation and amortization 3,330,959 3,213,307
Deferred income taxes and investment tax credits 762,097 1,282,460
Change in cash surrender value of officer's life insurance 9,312 (1,910)
Share-based compensation 314,734 825,011
Excess tax deficiency from share-based compensation (7,581) (9,574)
Increase in assets (5,874,845) (11,651,167)
Decrease (increase) in liabilities (57,058) 634,725
Net cash used in operating activities (243,488) (3,361,740)
Cash Flows From Investing Activities    
Capital expenditures (3,489,892) (5,087,895)
Proceeds from sale of property, plant and equipment 155,987 35,328
Other (60,000) (60,000)
Net cash used in investing activities (3,393,905) (5,112,567)
Cash Flows From Financing Activities    
Dividends on common shares (2,908,171) (2,817,229)
Issuance of common shares 344,865 259,591
Excess tax benefit from share-based compensation 2,073 18,823
Payments Related to Tax Withholding for Share-based Compensation (240,900) 0
Repayments of long-term debt (1,500,000) (1,500,000)
Borrowing on bank line of credit 0 126,430
Repayments on Lines of Credit 0 (126,430)
Net cash used in financing activities (4,302,133) (4,038,815)
Net Decrease in Cash and Cash Equivalents (7,939,526) (12,513,122)
Cash and Cash Equivalents, Beginning of Period 16,924,278 13,675,918
Cash and Cash Equivalents, End of Period $ 8,984,752 $ 1,162,796