XML 25 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements Of Cash Flows (USD $)
12 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income (loss) $ 38,567us-gaap_NetIncomeLoss $ (551,473)us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 132,055us-gaap_DepreciationDepletionAndAmortization 166,120us-gaap_DepreciationDepletionAndAmortization
Provision for doubtful accounts (21,950)us-gaap_ProvisionForDoubtfulAccounts 0us-gaap_ProvisionForDoubtfulAccounts
Inventory obsolescence provision 12,783us-gaap_InventoryWriteDown (7,675)us-gaap_InventoryWriteDown
Changes in assets and liabilities:    
Accounts receivable-trade (154,360)us-gaap_IncreaseDecreaseInAccountsReceivable 62,222us-gaap_IncreaseDecreaseInAccountsReceivable
Federal and state income tax recoverable 37,085us-gaap_IncreaseDecreaseInIncomeTaxes (37,085)us-gaap_IncreaseDecreaseInIncomeTaxes
Inventories 79,878us-gaap_IncreaseDecreaseInInventories (29,750)us-gaap_IncreaseDecreaseInInventories
Prepaid and other current assets 9,252us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 12,369us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and customer deposits 20,730mfco_IncreaseDecreaseInAccountsPayableAndCustomerDeposits (37,894)mfco_IncreaseDecreaseInAccountsPayableAndCustomerDeposits
Accrued payroll, compensated absences and related expenses 58,412us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (82,762)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Other current liabilities (3,245)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 3,891us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by (used in) operating activities 209,207us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (502,037)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Capital expenditures (25,999)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (74,345)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (25,999)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (74,345)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Proceeds from note payable 0us-gaap_ProceedsFromNotesPayable 493,468us-gaap_ProceedsFromNotesPayable
Repayment of note payable (40,697)us-gaap_RepaymentsOfNotesPayable 0us-gaap_RepaymentsOfNotesPayable
Purchase of treasury stock (903)us-gaap_PaymentsForRepurchaseOfCommonStock (144)us-gaap_PaymentsForRepurchaseOfCommonStock
Net cash (used in) provided by financing activities (41,600)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 493,324us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase (decrease) in cash and cash equivalents 141,608us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (83,058)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 939,959us-gaap_CashAndCashEquivalentsAtCarryingValue 1,023,017us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 1,081,567us-gaap_CashAndCashEquivalentsAtCarryingValue 939,959us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flows:    
Cash paid during the year for: Interest 21,667us-gaap_InterestPaid 3,862us-gaap_InterestPaid
Cash paid during the year for: Income taxes $ 0us-gaap_IncomeTaxesPaidNet $ 0us-gaap_IncomeTaxesPaidNet