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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (125,468) $ (207,845)
Adjustments to reconcile net loss to net cash provided by/(used in) operating activities:    
Depreciation 18,289 16,650
Decrease in accounts receivable 535,559 960,571
Increase in inventories (203,559) (747,016)
Provision for inventory reserve 7,534 21,886
(Increase)/Decrease in prepaid expenses and other current assets (5,443) 1,023
Decrease in trade accounts payable (80,042) (153,889)
(Decrease)/Increase in accrued expenses and other liabilities (262,105) 347,413
Increase/(Decrease) in accrued pension costs 31,303 (16,565)
Total adjustments 41,536 430,073
NET CASH (USED IN)/PROVIDED BY OPERATING ACTIVITIES (83,932) 222,228
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for plant, property and equipment (21,860) (31,749)
NET CASH USED IN INVESTING ACTIVITIES (21,860) (31,749)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from/(repayment of) short term borrowings 0 (500,000)
Repayment of long term debt 0 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 0 (500,000)
NET DECREASE IN CASH AND CASH EQUIVALENTS (105,792) (309,521)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 347,598 480,107
CASH AND CASH EQUIVALENTS AT END OF PERIOD 241,806 170,586
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid $ 8,972 $ 3,896