XML 42 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ (92,619)us-gaap_NetIncomeLoss $ (63,689)us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 175,318us-gaap_DepreciationAndAmortization 214,289us-gaap_DepreciationAndAmortization
Amortization of intangible 152,976us-gaap_OtherAmortizationOfDeferredCharges 41,525us-gaap_OtherAmortizationOfDeferredCharges
Stock-based compensation expense 33,911us-gaap_ShareBasedCompensation 35,647us-gaap_ShareBasedCompensation
Change in deferred income tax assets (985,190)us-gaap_DeferredIncomeTaxExpenseBenefit (31,236)us-gaap_DeferredIncomeTaxExpenseBenefit
Provision for doubtful accounts receivable 48,000us-gaap_ProvisionForDoubtfulAccounts 48,000us-gaap_ProvisionForDoubtfulAccounts
Provision for inventory obsolescence 60,000us-gaap_InventoryWriteDown 60,000us-gaap_InventoryWriteDown
Deferred gain on UT building (62,686)fil_DeferredGainOnUtBuilding  
Change in operating assets and liabilities:    
Change in Receivables 165,522us-gaap_IncreaseDecreaseInAccountsReceivable 203,381us-gaap_IncreaseDecreaseInAccountsReceivable
Change in Inventories 117,189us-gaap_IncreaseDecreaseInInventories (220,839)us-gaap_IncreaseDecreaseInInventories
Change in Prepaid expenses and other assets (632,399)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (187,348)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Change in Other assets (327,320)us-gaap_IncreaseDecreaseInOtherOperatingAssets  
Change in Prepaid income taxes   20,248us-gaap_IncreaseDecreaseInPrepaidTaxes
Change in Income tax payable 545,496us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable  
Change in Accounts payable and accrued expenses (318,708)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 22,599us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash provided by (used in)operating activities (1,120,510)us-gaap_NetCashProvidedByUsedInOperatingActivities 142,577us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchase of property and equipment (19,652)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (45,500)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of property and equipment 3,800,000us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment  
Net cash provided by (used in) investing activities 3,780,348us-gaap_NetCashProvidedByUsedInInvestingActivities (45,500)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Principal payments on long-term debt (715,852)us-gaap_RepaymentsOfNotesPayable (160,951)us-gaap_RepaymentsOfNotesPayable
Principal payments on long-term capital lease (78,675)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations  
Net change in line of credit (1,998,518)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit 180,202us-gaap_ProceedsFromRepaymentsOfLinesOfCredit
Net cash provided by (used in) financing activities (2,793,045)us-gaap_NetCashProvidedByUsedInFinancingActivities 19,251us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change in cash and cash equivalents (133,207)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 116,328us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of the year 332,800us-gaap_CashAndCashEquivalentsAtCarryingValue 302,050us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of the year 199,593us-gaap_CashAndCashEquivalentsAtCarryingValue 418,378us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:    
Cash paid for interest 85,469us-gaap_InterestPaid 116,619us-gaap_InterestPaid
Cash paid for income taxes 356,151us-gaap_IncomeTaxesPaid  
Supplemental disclosure of non-cash investing and financing activities:    
Capital lease $ 3,800,000us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations