XML 83 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Net income (loss) $ 482,613 $ (5,553,554)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Provision for (recoveries of previously written off) doubtful accounts 25,725 (182,020)
Loss on disposals of fixed assets 14,953 0
Impairment of capitalized software, inventory and related items 0 6,305,947
Depreciation of equipment and leasehold improvements 559,631 734,664
Amortization of product software development expenditures 0 364,539
Stock-based compensation expense 630,539 684,554
Deferred income taxes 284,783 (2,608,369)
Change in cash surrender value of life insurance 150,312 120,627
Deferred compensation (62,605) (210,204)
Net changes in operating assets and liabilities (see note 17) (2,125,917) 4,176,502
Cash provided by (used in) operating activities (340,590) 3,591,432
Investing activities:    
Life insurance premiums paid (231,942) (243,940)
Purchase of equipment and leasehold improvements (326,613) (535,868)
Cash used in investing activities (558,555) (779,808)
Financing activities:    
Dividends paid to stockholders 0 (1,771,849)
Cash used in financing activities 0 (1,771,849)
Net increase (decrease) in cash and cash equivalents (899,145) 1,039,775
Cash and cash equivalents at beginning of year 1,899,411 859,636
Cash and cash equivalents at end of year $ 1,000,266 $ 1,899,411